Yinson Annual Report 2021

98 YINSON HOLDINGS BERHAD SECTION 05 : OUR CAPITALS MANUFACTURED CAPITAL Yinson’s Manufactured Capital consists of our physical key assets. Our strategy for managing our Manufactured Capital centres around strong governance, prudent capital management, the experience and skills of our team, and investment into digitalisation. YINSON’S STRATEGY FOR MANAGING MANUFACTURED CAPITAL Yinson’s Manufactured Capital Acquisition and development Construction Operations Outcomes Offshore Production t '140T BOE 1 FSO in operation t '140 VOEFS construction t EPOPS WFTTFM t 4FDVSF RVBMJUZ QSPKFDUT JO the world's most active offshore production regions. t &TUBCMJTI SFTQFDUBCMF portfolios within the FPSO industry, creating a strong order book with stable, long-term cashflows. t "DUJWFMZ BUUSBDU BOE velocitise capital. t %FMJWFS QSPKFDUT on time and on budget. t $SFBUF B sustainable and agile organisation to manage changing project requirements. t .BJOUBJO JOEVTUSZ leading safety and operational performance through digital transformation and innovation. t .BJOUBJO TUSPOH fleet uptime. t "DIJFWF targeted revenue and economic growth. Renewables t PQFSBUJPOBM solar plants t TPMBS plant under construction t .VMUJQMF sites under development t (SPX HMPCBM QPSUGPMJP (pipeline) of greenfield development projects centred around selected core markets. t .BSLFU TFMFDUJPO criteria: Strong market fundamentals and/ or potential, ability for scale, good counterparties, quality projects, risk/ reward balance including diversification. t 1SPKFDU TFMFDUJPO CBTFE on resource and partner quality, and ability to deliver value through the value chain. t .BOBHF QSPKFDUT through local teams with support from core team. t %FMJWFS QSPKFDUT on time and on budget. t &OTVSF RVBMJUZ through effective equipment selection and contractors/ service providers good coordination with operations team. t "DIJFWF CFTU JO class operational and safety performance through hands-on asset management. t %SJWF JNQSPWFNFOU through digitalisation and innovation. t &YDFFE contractual or budgeted power sales. t %FMJWFSZ PG world class renewables assets. t 4USPOH QJQFMJOF for further growth. Offshore Marine t ")54 t 147 t 1BSUJDJQBUF JO "TJB 1BDJmD region bids focusing on Malaysian market to support PETRONAS and Petroleum Arrangement Contractors. t 4FDVSF RVBMJUZ BOE MPOH term projects that can bring stable cashflows. t 5P FOTVSF EFMJWFSZ of project (drydock) on time and on budget. t .BJOUBJO TUSPOH workforce and efficient organisation to manage challenging OSV market. t *NQMFNFOU SPCVTU frameworks and governance. t "DIJFWF PQUJNJTFE operations through digitalisation and innovation. t "DIJFWF IJHI fleet utilisation.