Our Six Capital Inputs Business Activities 1. Economic Value Creation 2. GHG Emissions 3. Energy Management 4. Water & Wastewater Management 5. Waste & Hazardous Materials Management 6. Human Rights & Community Relations 7. Product Quality 8. Labour Practices 9. Employee Health & Safety 10. Employee Engagement, Diversity & Inclusion 11. Training & Development 12. Product Design & Lifecycle Management 13. Business Model Resilience 14. Supply Chain Management 15. Materials Sourcing & Efficiency 16. Physical Impacts of Climate Change 17. Business Ethics 18. Risk Management Our Materiality Matters Financial Capital Securing funding from capital providers is instrumental in supporting our business operations, augmenting the cash flow derived from both operational and investment sources Human Capital Wasco's unwavering commitment to nurturing a highly skilled regional workforce underscores our dedication to harnessing human capital as a pivotal asset in achieving our corporate objectives Manufactured Capital Our state-of-the-art facilities, strategically positioned around the world, highlight our global reach and expertise Intellectual Capital Our competitive edge in the energy industry is driven by our strong Intellectual capital which encompasses team's expertise and innovation in niche market allowing us to adapt swiftly and lead in the sector Social & Relationship Capital Our commitment transcends stakeholders, encompassing the communities where we operate, fostering collaboration, shared success, and responsible engagement Natural Capital Our commitment to preserving capital drives sustainability. We minimise environmental impact, protect biodiversity, and manage resources responsibly for a sustainable future � Market Capitalisation: USD$1.07 billion � Revenue: RM2,606 million � Profit After Tax & Minority Interest: RM108 million � Order Book: RM3,144 million • Over 4000 employees globally � Workforce comprises more than 36 nationalities � Pipe coating and manufacturing facilities � Strategically located fabrication facilities in SEA and MEA � Expertise in pipe coating manufacturing, spiral welded steel pipes, offshore corrosion control � EPC and fabrication solutions for the energy industry • Leading biomass energy generation technology � Community investment projects � Focus on social well-being of stakeholders � Commitment to carbon neutrality � Environmental stewardship initiatives � Renewable energy mix and tree planting projects Pipe Coating To accelerate the global energy transition while enhancing value for all our stakeholders ______________________ Engineering and Fabrication � EPC and fabrication solutions for the energy industry � Transitioning expertise to renewable energy sector ______________________ Bioenergy � Biomass energy generation � Fabrication of steam biomass turbines and boilers Services Our Vision To deliver reliable and competitive solutions to the energy industry with net zero carbon emissions by the year 2026 ______________________ Our Mission To accelerate the global energy transition while enhancing value for all our stakeholders Our North Star 4 Pillar Objectives Profit Safety People Sustainability Our Value Creation Model 14 Integrated Annual Report 2023
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