MSM Malaysia Holdings Berhad Annual Report 2020

SWEETENING LIVES OF MALAYSIANS SINCE 1964 VISION To be a world class, cost efficient and high performance organisation with a sustainable business model and diverse portfolio in the food related business. KEY HIGHLIGHTS Revenue RM 2.2 billion Total Assets RM 2.8 billion Total Refineries 2 Production Output 1,010,215 tonnes Capacity Utilisation 47 % Current Annual Production Capacity 2.05 mil tonnes Domestic Market Share 60 % Total Sales Volume 1,024,603 tonnes Top 5 Export Destinations Vietnam China South Korea Singapore New Zealand CORPORATE PROFILE Incorporated on 10 March 2011, MSM has been listed on the Main Market of Bursa Malaysia and has a market capitalisation of RM401 million as at 31 December 2020. The 50 year-old iconic home-grown product, which carries an approximate brand value of RM624.3 million, is a testament that its brand values are being passed on from one generation of Malaysians to the next. The current production capacity for MSM Group is 2.05 mil tonnes whilst the capacity in FY2020 is 2.14 mil tonnes. The total production capacity has been further reduced due to the completion closure of MSM Perlis following the consolidation of Group’s capacity. We produce, market and sell refined sugar products under our flagship Gula Prai brand that lives up to its slogan, “Sweetening Lives Since 1964.” Apart from household consumers, MSM sells to a wide range of customers in Malaysia and in other countries, directly and indirectly through traders, wholesalers and distributors. CORE VALUES Sense of Belonging S W I I T Winning Attitude Integrity Innovation Teamwork MISSION We seek to enhance our values for the shareholders and optimise growth and achieve a sustainable, balanced and integrated economic, social and environmental performance by transforming our business model and reaping opportunities throughout the food value chain. OUR SUBSIDIARIES: • MSM Prai Berhad • MSM Sugar Refinery (Johor) Sdn Bhd • MSM Logistics Sdn Bhd • MSMTrading & Distribution Sdn Bhd • MSMTrading International DMCC OUR PRODUCTS: • White refined sugar of various grain sizes • Soft brown sugar • Sugar premix • Liquid sugar • Molasses • Fine Syrup • Sucralose & Stevia Mix OUR CUSTOMERS: • Malaysian households • Beverage and confectionery companies • Hotels • Restaurants and food outlets • Distilleries and producers of ethanol, animal feed and yeast MSM MALAYSIA HOLDINGS BERHAD Annual Repor t 2020 16 CHAIRMAN’S STATEMENT DELIVERING VALUE MSM OVERVIEW MANAGEMENT DISCUSSION & ANALYSIS GROUP FINANCIAL REPORT