Integrated Annual Report 2023 2 3 4 5 6 7 8 9 1 45 FINANCIAL REVIEW OUTLOOK UEM Edgenta, a key player in this evolving economic landscape, is steadfast in our commitment to executing our long-term strategy, encapsulated within the EoTF2025 framework and our Net Zero Targets. This strategy emphasises a focus on technology and sustainability solutions, aiming to meet the evolving demands of customers for integrated services. Cost optimisation and operational efficiency remain at the forefront of UEM Edgenta’s operational strategy. This includes the development and execution of a cost reduction roadmap, emphasising resource efficiency and cost-conscious spending. The introduction of Zero-Based Budgeting (“ZBB”) for selected cost elements ensures that only essential spending is approved, supported by stringent budgetary controls and monitoring mechanisms to curb unnecessary and unbudgeted expenditure. Operational efficiency will be further enhanced through streamlining the operating structure, identifying and eliminating redundant processes, automating routine tasks, and implementing measures to streamline financial operations. Each division within UEM Edgenta is pursuing targeted strategies to maximise its impact and contribution to the Group’s overall goals. The Healthcare Support division continues to strengthen its relationships with the Ministry of Health in Malaysia and expand its private healthcare clientele, while also continuing to pursue diversification beyond healthcare support services strategy in Singapore and Taiwan. The Infrastructure Services division aims to maintain market dominance and focus on delivering exceptional services, with a keen eye on sustainable pavement products to support environmental, social and governance (“ESG”) agendas. The Property & Facility Solutions division champions technology and sustainability, integrating Smart City Solutions to enhance the in-house tech ecosystem, and continuing in operational efficiency initiatives to ensure a comprehensive approach that meet evolving clients and market needs. The Asset Consultancy division is pivoting towards end-to-end Energy and Sustainable Solutions (“EES”), leveraging on our commitment of RM200 million Sustainable Zero-Capex Programme to assist our clients in becoming more resource-efficient. In the growth market of the Middle East, we have further solidified our presence through strategic acquisitions in the KSA and the UAE. Through the integration and consolidation of the Group’s existing operation in the markets, we will leverage our technology and sustainability capabilities as well as strategic partnership to deliver IFM services and smart cities solution. In conclusion, UEM Edgenta’s transformative journey and strategies firmly aligned with national development plans, emphasising sustainability and technological innovation. The core of our strategic vision is anchored in our unwavering commitment to excellence and innovation, which drives our ongoing efforts to advances, fostering sustainable growth and delivering long-term value for our esteemed shareholders. Concurrently, we are steadfast in our mission to make substantial contributions to Malaysia’s economic resilience, thus securing our own sustained success in the long run. In the upcoming financial year, Malaysia’s economy is poised for continued resilience, buoyed by robust domestic demand, which is expected to mitigate the challenges posed by moderate global growth, ensuring a stable economic landscape. There are also new opportunities, especially with the implementation of the National Energy Transition Roadmap (“NETR”) and the New Industrial Master Plan 2030 (“NIMP 2030”). These initiatives are set to drive significant developments across various sectors, promising an optimistic outlook for the nation.
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