INCLUSIVE

TRANSITION

Integrated Annual Report 2023

  • Commentary by Mr Lim Han Weng

    Founder & Group Executive Chairman

  • Commentary by Mr Lim Chern Yuan

    Group Chief Executive Officer

  • Commentary by Mr Guillaume Jest

    Group Chief Financial Officer

Leadership Messages

  • On behalf of the Board, I am pleased to present Yinson’s Integrated Annual Report 2023. In the financial year under review, we continued to deliver strong and steady financial results, driven by our aim of creating a long-term and sustainable economy that is fair and equitable to all.

    Commentary by Mr Lim Han Weng

    Founder & Group Executive Chairman

  • The year 2022 saw the acceleration of our transition to becoming a sustainability-driven energy infrastructure and technology company, as we made significant strides in creating value across all our portfolios amid the pandemic’s loosening grip on the world.

    Commentary by Mr Lim Chern Yuan

    Group Chief Executive Officer

  • In FYE 2023, the Group continued to deliver on its value creation objectives, producing its best performance to date in terms of revenue and PAT. Revenue was RM6.3 billion, a 75% increase compared to the RM3.6 billion recorded the year before.

    Commentary by Mr Guillaume Jest

    Group Chief Financial Officer

GROUP HIGHLIGHTS

Joint commentary by

Mr Daniel Bong

Group Chief Strategy Officer and Head of Group Corporate Advisory
(2022)


Mr Chai Jia Jun

Group Chief Strategy Officer
(2023)

STRATEGY REVIEW

It has been yet another fast-paced, fruitful and exciting year for Yinson, in which we performed strongly in both financial and sustainability contexts through the disciplined execution of our strategy.

Joint Commentary by

Mr Daniel Bong

Group Chief Strategy Officer and Head of Group Corporate Advisory (2022)

Mr Chai Jia Jun

Group Chief Strategy Officer (2023)

BUSINESS REVIEWS

Commentary by
Mr Flemming Grønnegaard

Chief Executive Officer
Yinson Production

View Highlights

YINSON PRODUCTION FYE 2023 AT A GLANCE


Fleet

As at 7 May 2023


Global Position

>USD22 billion

order book over firm and option periods until 2048


3rd largest

by order book


3rd largest

by fleet size

Uptime performance

100 %

commercial uptime


99.6%

technical uptime


99.6%

average 5-year technical uptime

Safety performance

0.00 LTIF


0.14 TRIF


Environmental performance

30 kg CO2e/BOE

carbon intensity

11 ppm

oil in slop water content from
YP-operated FPSOs

11 ppm

oil in produced water content from
YP-operated FPSOs

0

hydrocarbon spills to sea

422 tonnes

of waste generated by our offshore assets

0

non-compliances with environmental laws and/or regulations

Commentary by
Mr David Brunt

Chief Executive Officer
Yinson Renewables

View Highlights

RENEWABLES HIGHLIGHTS FYE 2023


Global pipeline

>1 GW

projects secured and in development

3 GW to 5 GW

early-stage global development pipeline

9 countries

with active development projects

Collaborating with

9

development partners across

4

continents


Performance

308 GWh

net power generated by Yinson’s Bhadla assets (100% basis)

295,014

tonnes CO2e

carbon credit units generated by Yinson’s Bhadla assets (net basis)

ASSETS UNDER CONSTRUCTION AND IN OPERATION

177 MW

operational renewable energy assets

774 MW

renewable energy assets under construction and pre-construction

Approximately

USD620 million

in contracted revenues from PPAs

Commentary by
Mr Eirik Barclay

Chief Executive Officer
Yinson GreenTech

View Highlights

Yinson GreenTech HIGHLIGHTS FYE 2023


Largest charge point operator

in Malaysia

300+

charge sites operational

1.4 GW

target capacity by 2030


Invested in

6

technology companies

6

active R&D partnerships

2

prototypes under development


10 commercial and retail partnerships established across all business segments
Participated in 6 industry events

Commentary by
Mr Lim Chern Wooi

Chief Executive Officer
Regulus Offshore

View Highlights

REGULUS OFFSHORE FYE 2023 AT A GLANCE


Utilisation rates

Yinson Hermes

75%

PTSC Huong Giang

88%

Yinson Perwira

100%

PTSC Lam Kinh

100%


Fleet average utilisation rate

90.8%

(up 6.5% from FYE 2022)

Health & Safety

0.00 LTIF

0.00 TRIF

Operations

100%

uptime while on hire


Awards

PTSC Lam Kinh

received the 2021 Logistics Operator HSE and Operations Excellence Award from Hibiscus Petroleum in June 2022.

PTSC Huong Giang

received the 2022 Logistics Operator HSE and Operations Excellence Award from Hibiscus Petroleum in January 2023.

SUSTAINABILITY REVIEW

30TH ANNUAL GENERAL MEETING

Date

13 July 2023, Thursday

Time

10.30 a.m. (Malaysia time)

Meeting Platform

https://sshsb.net.my/

The 30th AGM of the Company will be conducted on a virtual basis by way of live streaming and online remote voting via Remote Participation and Voting facilities available on the Securities Services e-Portal. Please note that the provision of the broadcast venue address is strictly for the purpose of complying with the Companies Act 2016 and the Company’s Constitution. No shareholders/proxies from the public shall be physically present at the broadcast venue.

Broadcast venue: Yinson Global Headquarters, Level 16, Menara South Point, Mid Valley City, Medan Syed Putra Selatan, 59200 Kuala Lumpur, Malaysia

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