AVAILABILITY OF FINANCIAL RESOURCES Description & Implication on Value Creation Maintaining a robust cash position is crucial to facilitating our business expansion and diversifying our revenue streams. Shortages in funding could impede our ability to secure future projects and delay the release of new products and services to market, potentially impacting our reputation and long-term business sustainability. Opportunities • Taking advantage of favourable funding mechanisms that allow us to amortise capex over a longer timeframe, thus reducing balance sheet impacts • Striking strategic partnerships that enable us to expand our market reach and unlock new growth opportunities with lower upfront investment Risk Impact • May lead to disruptions to capital expansion plans • May experience loss new technology/process enhancements • May lead to possible delay to implement project to productions Our Response & Mitigating Actions • Implementing structured cash flow management to maintain adequate financial resources across all business segments • Continuously assessing our capital spending requirements to optimise shareholder value and ensure a healthy cash flow position • Establishing disciplined cost reduction initiatives, such as exploring leaner operations and leveraging economies of scale, to enhance efficiency and drive savings • Regularly monitoring our foreign exposure and employing natural hedging strategies to mitigate potential impacts effectively • Conducting ongoing reviews and streamlining our business strategies to improve our liquidity positions and adapt to changing market conditions • Strengthening our relationships with current banking partners and cultivating connections with new financial institutions to diversify and expand our financial support options Capitals Impacted Stakeholders Material Matters Strategy M9 M10 IMPACTING Risk Trend Integrated Report 2023 63
RkJQdWJsaXNoZXIy NDgzMzc=