31 SECTION 2 KEY MESSAGES INTEGRATED ANNUAL REPORT 2025 KEY INFRASTRUCTURE & CAPACITY • Batam, Indonesia i. Total yard area of 380,000 m². ii. Expanded quayside infrastructure doubling load-out capacity to 10,000 tonnes. iii. Equipped with 22,000 m² of fabrication shop area, a 4,800 m² exotic alloy pipe workshop, and 4,800 m² of covered blasting and painting space with workshops and centres as a key execution hub. iv. Supported by more than 500 multidisciplinary engineers under its Engineering Centre of Excellence. • Dubai, UAE i. Total yard area of 25,000 m². ii. 10,000-tonne annual fabrication capacity. iii. Designed to fabricate process modules, Pre-Assembled Unit (“PAU”)/Pre-Assembled Rack (“PAR”) units, gas compressor packages, substations and E-Houses for both onshore and offshore applications. • Klang, Malaysia i. Total yard area of 110,000 m². ii. Equipped with quayside access and a fully concreted facility. iii. Leveraging over 40 years of experience specialising in high-pressure vessels, reactors and heat exchangers. BUSINESS REVIEW CORE CAPABILITIES • Module Fabrication i. Process modules for onshore and offshore applications (Floating Production, Storage, and Offloading (“FPSO”), Mobile Offshore Production Unit (“MOPU”) and platforms). ii. PAU/PAR modules. iii. FEED-to-EPC solutions for energy transition projects (ammonia, hydrogen, methanol, Power-to-X). iv. Wind and solar energy solutions. v. Pressure vessels and heat exchangers. • Electrical Buildings & Data Centres i. Modular E-Houses, substations, control and E&I rooms, PABs and LERs. ii. Data centres, BESS and industrial buildings. iii. Offshore Sub-stations (“OSS”). • Gas Compression & Power Generation i. Supply of gas compressors and gas generators for onshore and offshore facilities. ii. BOT solutions for gas plants, gas compressors and gas engine generators. iii. Spares, service, training and O&M support. FY2025 PERFORMANCE & MILESTONES • Launch of fabrication yard and inauguration of a new modular fabrication facility in Dubai, U.A.E. • Largest-ever engineering and fabrication contract secured (~USD150.0 million), extending backlog to 2028. MARKET POSITIONING Strong positioning in a large addressable market with multi-decade growth visibility. Key Priorities Initiatives Achievements Expand modular EPC capabilities, critical process packages, and regional execution scale. • Leveraging Batam yard expansion and Dubai facility launch. • Targeting energy transition projects such as ammonia, hydrogen, Power-to-X and gas. • Record-size EPC contract secured. • Strengthened Middle East presence and client proximity. • 32.8 million LTI-free man-hours recorded, up 91% from 2024. Challenges & Risks • Execution complexity of mega-projects, particularly offshore modules requiring high precision engineering and strict quality control. • Supply chain disruptions and cost volatility. OUTLOOK • Strong order backlog providing visibility for sustained execution and growth. • Growing demand for modular infrastructure solutions, including FPSOs, gas compressors, substations and energy transition assets.
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