Yinson Annual Report 2021

85 ANNUAL REPORT 2021 FINANCIAL CAPITAL Strength of relationships with our financing and funding partner group The uncertainty in the global markets along with movement control orders imposed in many countries due to the Covid-19 situation resulted in delays, or even the cancellation of many business transactions globally. Despite these challenges, Yinson successfully closed two significant financing transactions in FYE 2021, namely the completion of the USD800 million refinancing exercise for FPSO JAK in April 2020, and the signing and completion of the USD400 million bridge loan financing agreement for FPSO Anna Nery in September 2020. Both transactions received strong support from our financing partners, which is a testament of our lenders’ confidence in Yinson despite the challenging business conditions in the midst of a pandemic and the decline in oil price. For FPSO JAK refinancing transaction, in addition to our existing financing partners, CIMB Bank Berhad, Maybank Investment Bank Berhad, Natixis, Overseas-Chinese Banking Corporation Limited, Standard Chartered Bank (Singapore) Limited and United Overseas Bank Limited, we also welcomed the following new financing partners: t $SFEJU *OEVTUSJFM FU $PNNFSDJBM t $MJGGPSE $BQJUBM 1UF -UE t %#4 #BOL -UE t .6'( #BOL -UE t 4PDJFUF (FOFSBMF t 5IF ,PSFB %FWFMPQNFOU #BOL t 4VNJUPNP .JUTVJ #BOLJOH $PSQPSBUJPO Furthermore, the FPSO Anna Nery financing transaction was oversubscribed by the participating banks which includes Export- Import Bank of Malaysia Berhad, Maybank International Labuan Branch, Mizuho Bank Ltd, Natixis, Standard Chartered Bank (Singapore) Limited, Sumitomo Mitsui Banking Corporation and The Hongkong and Shanghai Banking Corporation Limited. Equity required for new projects (2018 to present) Total: USD445 million Cash generated from Yinson's assets (2015 to present) Dividends USD182 million Capital Reduction USD109 million Divestment/ sale of assets USD230 million Yinson's portion of free cash USD108 million Total: USD629 million HISTORICAL UPSTREAMING OF YINSON'S ASSETS USD800 million refinancing of FPSO JAK signing ceremony USD400 million bridge loan financing for FPSO Anna Nery virtual ceremony