UEM EDGENTA BERHAD ANNUAL REPORT 2021 1 2 3 4 5 6 7 KEY MESSAGES 21 20 CHAIRMAN’S STATEMENT CHAIRMAN’S STATEMENT The challenges brought about by the pandemic tested the determination and agility of our teams, who tackled them head on, focusing on maximising synergies across the businesses, making transformative organisational changes and introducing innovation and agility into the operating model. Despite an unprecedented external environment, UEM Edgenta has delivered a resilient set of results. The challenges brought about by the pandemic tested the determination and agility of our teams, who tackled them head on, focusing on maximising synergies across the businesses, making transformative organisational changes and introducing innovation and agility into the operating model. Given the significant disruption and uncertainty they faced every day, the remarkable resourcefulness of our people left a lasting impression on me and I am very grateful to everyone in our organisation for their hard work and dedication. Our sympathies go to our colleagues who have suffered or are suffering from the COVID-19, or who may have lost their family members or friends during the pandemic. We remain committed to doing all we can to support them. While the accelerated vaccine rollout is encouraging, the road ahead remains treacherous. However, I am confident that our purposeful culture of innovation and collaboration, our passion for quality, and our ‘can do’ attitude – all of which have made this business successful – will continue to underpin the Group’s performance through the next phase of growth. accessibility and quality of healthcare by bridging the divide between healthcare service providers and the public through an intelligent, mobile-friendly platform. During the year under review, a Memorandum of Understanding (“MoU”) was signed with Universiti Teknologi Mara (“UiTM”) to collaborate in accelerating digital healthcare solutions. This is in line with our EoTF2025 vision of becoming a scalable technologyenabled solutions company through new products and market expansion. The sustainability of our business has been anchored by our diversification strategy with our international businesses accounting for 40% of Group revenue and 54% of new contracts wins. Significant contributions from Taiwan where new verticals and Integrated Facilities Management (“IFM”) contracts amounting to RM336.7 million and Singapore where IFM services accounted for RM144.1 million sustained the growth for FY2021. In expanding our international footprint, the Group signed a Memorandum of Business Exploration (“MoBE”) with Asma Advanced Solutions LLC on 29 April 2021. This partnership leverages on the growth of the healthcare support services and integrated facilities management services in the region. This was followed with a MoBE with Byte Blanket FZE (“Byte Blanket”) and Disrupt-X DMCC (“Disrupt-X”) on 1 April 2022. Our partnership with Byte Blanket and Disrupt-X looks to introduce the concept of ‘Hyper-Aware Buildings’, utilising a combination of Internet of Things (“IoT”) and contextual data to ensure buildings are made more adaptive to the environment as well as its occupants’ needs, which in turn allows situational awareness for better efficiency, productivity, reliability, safety and security. On 10 March 2022, a joint venture agreement was signed between Opus International (M) Berhad and PPES Consults Sdn. Bhd. to provide project management services and engineering design consultancy for mega infrastructure COMMENDABLE PERFORMANCE AND A RETURN TO DIVIDENDS The Group delivered commendable results for the financial year ended 31 December 2021 (“FY2021”) through our collective efforts in taking swift action to respond to the continual operational challenges brought about by the COVID-19 pandemic and the constant improvisation of new strategies to manage the headwinds caused by the startstop economy and rapid transmissions of the new pandemic variants. The Group’s topline revenue returned to prepandemic levels, recording RM2.3 billion at the end of FY2021, a growth of 13% from RM2.0 billion in the previous year. We are pleased to report that the Group is resuming dividend payments this year, a testament to the promises made to uphold the Company’s Dividend Policy. In line with the Dividend Payout Ratio Policy of between 50% and 80% of the Profits-After-Tax and Non-Controlling Interests (“PATANCI”), the Board has declared a single tier interim dividend of 3.00 sen per ordinary share for the year in appreciation of the continuous support and trust from our shareholders. CREATING STRATEGIC VALUE FY2021 was a year of transition for the Group as its new business model anchored on EoTF2025 took hold and delivered immediate results. In advancing the development of technology-enabled solutions, the Group launched its first digital ecosystem platform – Edgenta NXT. Venturing into cloud-enabled and Software-as-a-Service (“Saas”) model, Edgenta NXT facilitates the development of a full-suite of ready-solutions which include digital healthcare and smart asset management platforms, supported by our cloud partner, Alibaba Cloud. Its maiden healthcare product - QuickMed, aims to improve the TAN SRI DR. AZMIL KHALID Independent Non-Executive Chairman
RkJQdWJsaXNoZXIy NDgzMzc=