Yinson Annual Report 2020

58 Yinson Holdings Berhad SECTION 4 OUR CAPITALS NATURAL SOCIAL & RELATIONSHIPS HUMAN ORGANISATIONAL MANUFACTURED FINANCIAL Our Earnings Before Interest, Tax, Depreciation and Amortisation (“EBITDA”) is another important measurement of profitability as it isolates costs sunk into capital which enables a reader to better appreciate the earned profits in meeting the Group’s financial obligations. This is extremely important given our Group’s business is highly capital intensive. The Group’s EBITDA stood at RM770.20 million for FYE 2020. Profit for the Group has grown over the years despite the instabilities experienced in the oil and gas industry in recent years due to various market and geopolitical factors. During these periods, Yinson has been able to ride through fairly well with the successful deployment of FPSO JAK in Ghana and steady utilisation of our other assets. FYE 2020 started without operation contribution from FPSO Allan following the cessation of its charter contract at the end of FYE 2019 and unfavorable foreign exchange movement during the financial year. Adjusted Core EBITDA (RM’000) 865,363 897,451 822,672 532,547 437,540 FYE 2020 FYE 2019 FYE 2018 FYE 2017 FYE 2016 Reported PAT (RM’000) 261,297 FYE 2020 264,379 FYE 2019 292,073 FYE 2018 194,473 FYE 2017 215,050 FYE 2016 Core EBITDA (RM’000) 229,322 316,386 695,081 831,845 793,250 FYE 2020 FYE 2019 FYE 2018 FYE 2017 FYE 2016 Core PAT (RM’000) 163,996 229,047 345,755 295,811 292,850 FYE 2020 FYE 2019 FYE 2018 FYE 2017 FYE 2016 EBITDA (RM’000) 345,452 273,163 649,803 801,160 770,195 FYE 2020 FYE 2019 FYE 2018 FYE 2017 FYE 2016 PROFITABILITY