Yinson Annual Report 2021

142 YINSON HOLDINGS BERHAD SECTION 05 : OUR CAPITALS SOCIAL & RELATIONSHIPS CAPITAL GLOBAL REPRESENTATION OF SUPPLIERS BY COUNTRY Engagement with local vendors As we have long-term commitments in the countries we operate in, we continuously work to strengthen our supply chain through local suppliers and resources. We contract both local and foreign suppliers, defined relative to the locations where our vessels are operating, or will be operating. FYE 2021 updates on local vendor engagement for areas where our offshore production assets are based: t :JOTPO JNQSPWFE PVS FOHBHFNFOU XJUI MPDBM TVQQMJFST NBLJOH PVS TVQQMZ DIBJO JODSFBTJOHMZ TVTUBJOBCMF GPS UIF GVUVSF t 8F GPDVTFE PO GVSUIFS EFWFMPQJOH SFMBUJPOTIJQT XJUI LFZ MPDBM WFOEPST UP SFEVDF UIF JNQBDU PG UIF QBOEFNJD TJUVBUJPO UP PVS supply chain. t 5IF QBOEFNJD IBT SFTVMUFE JO CPUI QPTJUJWF BOE OFHBUJWF JNQBDUT JO VTF PG PVS TVQQMJFST JO WBSJPVT BSFBT PG PQFSBUJPOT Suppliers who adapted to the restrictions by for example adopting new strategic organisational structures, improving competencies and products available in the local market, were able to strengthen their standing as a local supplier. t 7FTTFMT JO PQFSBUJPO EVSJOH UIF mOBODJBM ZFBS XFSF '140 +", '140 "EPPO BOE '140 )FMBOH '140 "CJHBJM +PTFQI XFOU PO charter on 28 October 2021, at which point it moved on to the operations phase. GHANA % of local vendors by number % of local vendors by expenditure 48% 49% 52% 51% Ghanaian vendors Other vendors % of local vendors by number % of local vendors by expenditure 63% 38% 37% 62% Nigerian vendors Other vendors MALAYSIA % of local vendors by number % of local vendors by expenditure 46% 29% 54% 71% Malaysian vendors Other vendors * Figures are for calendar year 2020. * As at 31 January 2021 based on connections in VRP (Offshore Production Division). NIGERIA „ China „ Ghana „ Malaysia „ Netherlands „ Nigeria „ Norway „ Singapore „ United Kingdom „ Others 8% 4% 5% 6% 4% 13% 35% 11% 15%