Wasco Berhad Integrated Annual Report 2024

WASCO BERHAD 36 STRENGTHENING CORE COMPETENCIES AND MARKET LEADERSHIP STRATEGIC ROADMAP & PROGRESS At Wasco Berhad, we recognise the urgent need for sustainable, efficient, and technologically advanced energy solutions. Our strategic roadmap is designed to position us at the forefront of the global energy transition, digital transformation, and industrial decarbonisation while ensuring long-term resilience, operational excellence, and value creation for stakeholders. Our roadmap focuses on five strategic priorities: Key Initiatives • Optimising Pipeline Services – We continue to expand our pipeline protection solutions, having successfully delivered the North Field Expansion in Qatar (570 km of pipeline coating) and the Kasawari CCS Project in Malaysia (139 km of pipeline coating). Moving forward, we are focused on enhancing coating efficiency and integrating advanced technologies to support nextgeneration energy infrastructure projects. • Scaling Up Engineering & Fabrication – We are expanding our fabrication yards in Batam, Indonesia, to support larger and more complex projects. The recent addition of a dedicated jetty significantly strengthens our logistics capabilities, enabling us to execute large-scale EPC projects with greater efficiency. • Strengthening Bioenergy Solutions – With a 70% market share in steam turbines for the agriculture sector, Wasco is a leader in biomass-to-energy solutions. We are focused on broadening our biomass boiler and steam turbine solutions to support the growing demand for renewable energy in industrial applications. • Robust Order Book & Tender Pipeline – With a solid order book of RM2.5 billion and a growing tender portfolio, Wasco is well-positioned to achieve sustained revenue growth and capitalise on emerging market opportunities. Wasco has established a strong reputation as a leading global provider of energy infrastructure solutions, with core expertise in pipeline services, engineering & fabrication, and bioenergy solutions. Our immediate priorities are to drive operational efficiencies, broaden our suite of services, and reinforce our financial resilience to sustain and strengthen our market leadership. Linked to: Material Matters F M I 2 9 10 11 15 Capitals

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