Wasco Berhad Integrated Annual Report 2023

Outcomes SDG Output Stakeholders � Sustained profitability with a PATMI of RM108 million � Strong order book valued at RM3,144 million reflecting future revenue potential � Development and empowerment of a diverse workforce, leveraging over 4000 employees from more than 36 nationalities to drive innovation and business growth � State-of-the-art facilities and equipment that enable the leading manufacturing of spiral welded steel pipes and provision of EPC and fabrication solutions � Proprietary technologies in biomass energy generation and efficient energy systems like High Recovery Steam Generators (HRSG) � Continuous innovation in operational processes and product offerings � Enhanced stakeholder relationships � Increased diversity and representation in leadership roles � Reducing emissions, increasing renewables, tree planting for carbon offset, and using recycled water sources for sustainability Regulators & Governments Communities & NGOs Media Customers Communities & NGOs Media Customers Suppliers & Business Partners Shareholders, Investors & Analysts Customers Suppliers & Business Partners Employees, Management & Board Employees, Management & Board Suppliers & Business Partners Shareholder, Investors & Analysts Suppliers & Business Partners Employees, Management & Board Regulators & Governments Delivering Long-Term Value Achieving net-zero carbon emissions by 2026 to enhance shareholder value and contribute to global energy transition Operational Excellence and Safety Maintaining the highest safety standards and focusing on operational excellence for efficient, reliable project execution Obtain Competitive Advantage Ensuring consistently high-quality products, cost-effective production, customisation options, and scalability Environmental Responsibility � Implementing energy-efficient practices and cleaner technologies to mitigate climate change risks � Increasing the renewable energy mix to reduce carbon footprint Community Engagement and Development � Investing in community development initiatives and generating socio-economic opportunities for sustainable and inclusive growth Stewardship of Natural Resources � Promoting carbon emission mitigation through tree planting � Conserving natural resources and increasing the use of recycled and harvested water sources Our Value Creation Model 15 Wasco Berhad

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