INVESTOR RELATIONS WITH A DIFFERENCE BOOSTING INVESTOR CONFIDENCETHROUGH ACTION & CHANGE The following are the various topics highlighted and presented to our investors: ESG and Sustainability From feedback received from stakeholders and investors, MSM recognises the growing importance of sustainability and ESG in investors’ portfolio. The Group has responded by identifying gaps in the current ESG and sustainability framework and initiatives towards better ESG disclosures aligned to globally recognised standards such as UN’s Sustainable Development Goals (SDGs) and Global Reporting Initiative (GRI), as well as the Bursa’s FTSE4Good Index standards. MSM is also looking into renewable energy such as solar and biomass in an effort to reduce carbon emission, as well as improve waste management. MSM greatly values its employees in the communities it serves by giving back to society through channels such as the Prodigy programme aimed to help alleviate young graduate unemployment, Skilling & Employment Opportunity programmes and community outreach during the COVID-19 pandemic. All announcements, published information and presentation of the company is available at our Investor Relations section of our website at www.msmsugar.com Investor Relations Calendar 2021 Parties Purpose Location MSM places a high priority on proper governance and integrity at all levels of its operations, with Anti-Bribery and Corrupt Practices procedures in place, establishing enhanced transparency and disclosure measures. Average Selling Price Refined sugar is a controlled-price item with a governmentfixed ceiling price for the domestic market at RM2.85/kg. This is among the lowest sugar retail ceiling price in the world. MSM keeps the government informed on the global sugar market movement. The increase of sugar and forex increases production costs significantly, revisions on ceiling price set by the government will be brought up and discussed. In early 2022, the gazetted wholesale ceiling price is RM2.69/kg. MSM has increased its Average Selling Price (ASP) towards limit to realise a better margin. Non-Core Asset Disposal Disposal of MSM Perlis to FGV Integrated Farming Holdings Sdn Bhd (FGVIF) was completed on 29 September 2021 and deconsolidated from MSM Group on 30 September 2021. Proceeds of the disposal amounted to RM181.11 million, of which a portion is to be used to further pare down borrowings. Price of Raw Sugar (NY11) NY11 increased in FY2021 in response to lower raw sugar supply globally which was mainly due to suboptimal weather conditions. NY11 strongly correlated to Crude Oil prices which surged in July 2021. Higher crude oil price incentivises sugar mills to produce more ethanol than sugar. MSM manages its raw sugar hedging by purchasing managed lots and by avoiding long-term contracts. 22 February MSM 4Q 2021 Analyst Briefing Virtual Analyst/Fund Managers Financial Results Briefing February 2021 MSM Malaysia Holdings Berhad ANNUAL INTEGRATED REPORT 2021 WHO WE ARE STATEMENT & DISCUSSION BY OUR LEADERS HOWWE OPERATE 112
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