34 WASCO BERHAD SECTION 3 VALUE CREATION INPUTS OUTPUTS AND MEASURABLE IMPACT BUSINESS ACTIVITIES AND VALUE DELIVERED PIPELINE One of only two companies worldwide trusted to deliver large-scale international pipeline coating projects. ENGINEERING & FABRICATION An established global EPC company, delivering innovative solutions to meet the growing demands of energy infrastructure. VALUE CREATION MODEL ENERGY • Cultivate a safety-first culture where every employee is actively engaged in maintaining a safe and injury-free workplace • Champion environmental stewardship, social impact, and ethical governance to position Wasco as a responsible industry leader • Continuously develop and strengthen our human capital to drive sustainable growth and innovation • Foster an inclusive workplace where employees are valued, fairly compensated, and empowered to thrive • Build a data-driven organisation powered by digital technologies, data, and streamlined processes that enable informed and agile decision-making • Deliver sustainable ROCE exceeding 18% • Maintain a prudent capital structure with Net Debt/ EBITDA below 3 • Reward our shareholders with dividend payouts PROFIT PEOPLE DIGITAL SUSTAINABILITY SAFETY GUIDING STAR F Financial Capital Securing funding from capital providers is instrumental in supporting our business operations and strengthening the cash flow generated from both operational and investment activities. • Market Capitalisation as at 31 December 2025: RM685.8 million H Human Capital Wasco’s unwavering commitment to nurturing a highly skilled regional workforce reflects our belief that human capital is a critical asset in achieving our corporate objectives. • 5,487 employees across global operations • Workforce comprising of 39 nationalities M Manufactured Capital Our state-of-the-art facilities, strategically located around the world, demonstrate our global reach and operational expertise. • Advanced pipe coating and manufacturing facilities • Strategically located fabrication yards in Southeast Asia and the Middle East • Ongoing expansion of existing yards and development of new facilities I Intellectual Capital Our competitive edge in the energy industry is driven by our strong intellectual capital, which encompasses our teams’ specialised capabilities and innovation, allowing us to adapt swiftly and lead the sector. • Proven capabilities in pipe coating, spiral welded steel pipes, and offshore corrosion control • EPC and fabrication solutions for energy infrastructure • Market leadership in biomass energy generation technologies S Social & Relationship Capital Our commitment transcends stakeholders to encompass the communities in which we operate, fostering collaboration, shared success, and responsible engagement. • Continuous investment in community development initiatives • Focus on enhancing stakeholder well-being N Natural Capital Our commitment to protecting natural capital drives our sustainability efforts. We actively minimise environmental impact, protect biodiversity, and manage resources responsibly to support a sustainable future. • Clear pathway towards carbon neutrality • Active participation in environmental stewardship initiatives • Renewable energy integration and largescale reforestation initiatives
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