23 LEADERSHIP MESSAGES | GROUP CEO REVIEW GROUP CEO REVIEW COMMENTARY BY LIM CHERN YUAN, GROUP CHIEF EXECUTIVE OFFICER Amid multiple macroeconomic headwinds including geopolitical uncertainties, inflation and tightened financial conditions, Yinson remained focused on delivering on our commitments in 2023. Among key achievements during the year are the timely progression of our three FPSO projects under construction, delivery of our first utility-scale renewables construction project and launch of the prototypes of two fully electric marine vessels. Our focus on delivery will continue into 2024, which we believe, together with strong strategic partnerships, will put us on our greatest growth trajectory yet. The strong focus on deliveries will also mean giving big investments a break until these deliverables are met and the start of the cash flows are seen. In 2023 and to date, Yinson focused on… • Delivered FPSO Anna Nery. • Completed execution phase for FPSO Atlanta and FPSO Maria Quitéria. • Achieved timely progress on the construction of FPSO Agogo. • Achieved commercial operations for Nokh Solar Park. • Acquired 97 MWp Matarani Project • Launched Hydroglyder and Hydromover prototypes. • Launched our full suite of integrated solutions for the electrification of the transportation system. • Secured over USD 2.8 billion in financing towards delivering our offshore production projects. DELIVERY... • Financial partnerships including with RRJ Capital, Global Infrastructure Partners and EIG Global Energy Partners. • Strategic partnerships including with Goal Zero Consortium partners, LHN Group, CelcomDigi, CDG Engie, Gentari, Jomcharge, BMW Malaysia and BYD Malaysia. • Commercial partnerships including with UEM Edgenta, Pos Malaysia, Proton’s Pro-Net, EcoWorld Malaysia, Iskandar Investment Berhad and Jurong Port. • Research partnerships including with Ngee Ann Polytechnic, National University of Singapore, Singapore University of Technology & Design, Technology Centre for Offshore and Marine Singapore and Singapore Institute of Technology. COLLABORATION... • Piloted offshore carbon capture and storage plant on FPSO Agogo. • Invested in carbon management companies Carbon Removal AS and Ionada PLC. • Led innovation on marine battery and autonomous solutions. • Fully deployed Project Polaris on FPSO Helang. • Launched the Yinson Open Data and AI Project. • Launched digital marketplace platform to facilitate integrated ecosystem of electric transportation across land and sea. AND INNOVATION
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