27 INTEGRATED ANNUAL REPORT 2024 Overview of Wasco Berhad Key Messages Value Creation Commitment to Governance Sustainability Journey Financial Statements Other Information OUTPUT UN SDG BUSINESS ACTIVITIES AND VALUE DELIVERED • RM153.0 million PATMI • Strong order book valued at RM2.5 billion • Maintaining a Debt/EBITDA ratio of less than 3 to support ongoing business expansion F • 4,092 employees trained in safety protocols • 19.68 hours spent per employee on development training to enhance knowledge and skills H • RM233.3 million in cash generated from operating activities • Expanded fabrication yards in Batam with a total area of 36.7 hectares • Introduced new pipeline coating offerings in Hartlepool, including concrete coating and anticorrosion coating services in the form of Fusion Bonded Epoxy (“FBE”) in Qatar • Scaled up bioenergy after-services with new offerings, establishing new services hub M • Proven track record in delivering large-scale international energy infrastructure projects • Industry leader in bioenergy with a 70% market share in steam turbines for the agriculture sector • Artificial Intelligence (“AI”)-driven CARE Card system improving HSE performance I • 11,936 beneficiaries from social programmes • 11,779 volunteer man-hours contributed • RM777,578 invested in social impact initiatives to enhance community engagement • Achieved notable recognitions, including two prestigious silver awards at The Edge Malaysia ESG Awards 2024: Best Performer in the Energy Sector and Most Improved ESG Performance Over the Past Three Years (RM800 Million - RM5 Billion Market Capitalisation Category) S • 27% of our energy mix sourced from renewable energy in operations • 5% of water consumption derived from harvested rainwater, reducing reliance on freshwater sources N VALUE CREATION MODEL ENERGY PIPELINE One of only two companies worldwide trusted to deliver large-scale international pipeline coating projects. The largest supplier of steam turbines to the agriculture sector, holding a 70% market share, and a leading EPC provider of high-efficiency boilers that enable optimised biomass steam and power generation. ENGINEERING & FABRICATION An established global EPC company, delivering innovative solutions to meet the growing demands of energy infrastructure. STAKEHOLDER VALUE & STRATEGIC GROWTH 13 14 15 16 17 18 Greenhouse Gas Water Economic Material Sourcing Supply Chain Physical Impact of Climate Change BIOENERGY Investors & Shareholders Sustainable performance, low gearing and balanced dividend payouts. Clients & Business Partners Reliable energy solutions and opportunity to supply products and services at fair prices. Employees Career development, leadership training and technical upskilling. Communities & NGO Support in education, healthcare, and environmental sustainability.
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