80 YINSON HOLDINGS BERHAD | INTEGRATED ANNUAL REPORT 2024 Our value proposition provides clear guidance for decisionmaking. We constantly realign our business decisions while steadfastly adhering to our strategies to ensure that the projects that we select deliver maximum profitability with limited risk. While we have grown our operational assets portfolio and pipeline in 2023, we have also had to be adaptable to react to both internal and external factors. The increasing cost of capital, which also feeds into our supply chains and influences capital priorities, has made us more restrictive about the projects that we choose to progress at the current time. We are managing the progress of our existing development projects carefully, while keeping our external stakeholders updated with the change of pace. This may affect our ability to deliver on our near-term generation targets. Our long-term targets remain within reach, with the two most crucial variables being the availability of capital and market conditions. We will look at options to source external capital to get back on track as soon as possible. Our focus in the coming year will be delivering the Matarani Project and commencing commercial operations in Peru. We are also planning to make investment decisions on two other projects, although these will be dependent on external factors including grid and commercial considerations. CLOSING REMARKS In 2023, we further established our standing as a serious player in the global renewable energy space through our new operating and construction assets, and strategic progression of our pipeline. We have successfully adapted how we operate to accommodate the changes brought about by the business environment around us and made prudent decisions to manage the associated risks which will result in slower growth in 2024. With this experience under our belt, together with our lean, experienced and professional global team, we are poised and ready to re-accelerate our growth when conditions allow. I thank my team, our valued local partners and all our stakeholders who have supported our journey towards a cleaner energy future. YINSON RENEWABLES’ VALUE PROPOSITION To participate across the full value chain to extract maximum value by taking on early-stage risk at low cost, growing value through the development and construction process through to operations, delivering strong and stable cash flows over the long term. Our strategies for creating a portfolio of profitable, de-risked projects Participate in the full value chain Be involved from early-stage site investigation all the way through to own-and-operate Select the right projects Rigorous due diligence include market factors, technical requirements, political and regulatory landscape, local conditions, financial returns and risk Strategic market positioning Focus on onshore wind and solar Country portfolio of over 300 MW for economies of scale Select the right markets Latin America, Europe and Asia Pacific Balanced risk profile Build the platform to create value Create additional value through effective capital deployment and capital recycling Work with strategic local partners Build better understanding of local conditions, gain access to local network and create shared value SHIFTING GEARS TO CREATE MAXIMUM VALUE OVER THE LONG TERM
RkJQdWJsaXNoZXIy NDgzMzc=