89 REGULUS OFFSHORE COMMENTARY BY LIAW THONG JUNG, REGULUS OFFSHORE CHIEF EXECUTIVE OFFICER OPERATIONAL PERFORMANCE HIGHLIGHTS FYE 2024 UTILISATION RATES 100% Uptime while on hire 0 TRIF 0 LTIF ENVIRONMENTAL PERFORMANCE ENERGY 158,222.2 MWh fuel consumption (up 0.9% from FYE 2023) EMISSIONS 43,280.2 tonnes CO2e Scope 1 emissions (down 1.9% from FYE 2023) AWARDS AND RECOGNITIONS PTSC Huong Giang awarded 2022 Logistics Operator HSE and Operations Excellence Award from Hibiscus Petroleum PTSC Huong Giang recognised for achieving 13 years LTI-Free by Hibiscus Oil & Gas Malaysia Limited Yinson Hermes recognised by SEA Hibiscus for outstanding accomplishment and services for the SEAH Integrated Wells Campaign WATER 0 ppm oil in water discharge 12.2 ML water consumption (up 0.8% from FYE 2023) 0 incidents of oil spills IMPROVED FLEET UTILISATION BACKED BY STRONGER DEMAND With the return to normalcy for most industries post-pandemic, our fleet utilisation rates have also risen. The overall fleet utilisation rate for the period under review rose to 92.7%, an increase from 90.8% recorded in the previous year. Yinson Hermes’ utilisation rate rose to 92.1% in FYE 2024, up from 75% the previous year. This increase was largely due to contracts with two clients throughout the period. The utilisation rates for both Yinson Perwira and PTSC Lam Kinh remained at 100%, mirroring the rates from the previous year. Yinson Perwira is currently fulfilling an ongoing contract, while PTSC Lam Kinh’s contract is set to continue until 2026. PTSC Huong Giang, on the other hand, recently completed a 200-day contract. The comparatively lower utilisation rate at 78.7% is within expectation, attributed to the off-hire period during the monsoon season. The vessel has completed drydock and has been on hire since March 2024. These healthy utilisation rates underscore our capacity and the trust our clients place in us to deliver offshore marine services. Yinson Hermes 92.1% Yinson Perwira 100% Fleet average utilisation rate 92.7% (up 1.9% from FYE 2023) PTSC Huong Giang 78.7% PTSC Lam Kinh 100% BUSINESS REVIEWS | REGULUS OFFSHORE
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