141 ANNUAL REPORT 2022 OUR CAPITALS MANUFACTURED CAPITAL Manufactured Capital refers to the manufactured physical objects that are available to an organisation for use in the production of goods or provision of services, including buildings, equipment and infrastructure. For Yinson, this includes the physical assets that we own that allow us to deliver energy products and services to the global energy supply chain. ‘Business Model Innovation’ is one of Yinson’s material topics, identified during our materiality assessment as a topic in which Yinson has a high potential to lead, as well as a topic which has the most material impact on our business. How we manage this material topic is intrinsically linked to how we manage our Manufactured Capital. Our strategy for managing our Manufactured Capital is to grow a strong asset portfolio that is aligned with our goals and strategies, and manage them well in order to enhance their productivity, longevity and value. Innovating our business model, such as through our diversification into renewables and green technologies, allows for the strategic growth of our asset portfolio. Good management of these assets can then create revenue streams that fuel our growth plans, ultimately safeguarding the sustainability of the Group. HOW YINSON MANAGES OUR MANUFACTURED CAPITAL INPUTS Offshore Production 6 offshore production assets in operation. 3 offshore production assets under construction. Renewables 2 solar plants in operation. 1 solar plant under construction. 1.5 GW projects secured and in development. 3GW to 5 GW early stage development pipeline. Green Technologies 6 green technology companies invested. 400+ EV chargers in operation. Offshore Marine 4 offshore support vessels in operation. OUTPUTS & OUTCOMES Offshore Production 100% commercial uptime. 99.8% technical uptime. Provision of reliable and affordable energy where we operate. Renewables 300 GW net power generated to India’s national grid. 3 GW to 5 GW renewables pipeline. Green Technologies Improved and integrated green technology products. Various infrastructure projects under development to broaden our portfolio in green technologies. Offshore Marine 84.3% fleet utilisation. Support the delivery of offshore energy products. MANAGEMENT STRATEGY Our strategy for managing our Manufactured Capital is intrinsically linked to how we manage: MM1 GOALS Strategically grow a strong portfolio of assets and investments in line with business models that adapt to capitalise on evolving opportunities. Manage our projects, assets and investments well in order to not only meet our commitments, but enhance their productivity, longevity and value. Create a sustainable and agile organisation to manage changing requirements. Drive efficiency improvements through digitalisation and innovation. Establish track record as a reliable, open, adaptable, decisive and sustainable partner - enabling us to strategically grow our asset portfolio. Build strong portfolio of assets and technologies within the sector to support business model evolution. Form a sustainable business.
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