MISC Annual Report 2018

STRONG CULTURAL BELIEFS & SHARED VALUES We have developed strong cultural beliefs and shared values at MISC by nurturing and developing our people. Our cultural beliefs are that results matter, and we own those results and do not blame others. We believe in focused execution and we nurture trust. We seek, give and act positively on feedback and share successes. Our shared values of loyalty, integrity, professionalism and cohesiveness map directly to PETRONAS, our majority shareholder. This is part of the ‘A PETRONAS’ initiative, led by PETRONAS Group Human Resources to create a single, unified PETRONAS identity throughout human resources. As we have expanded our business to four core businesses and three key enablers, our cultural beliefs journey which commenced in 2016 was rolled out to promote cohesiveness, empowerment and unity amongst employees, whilst complementing existing Shared Values to create a positive, healthy and thriving work culture. The journey started with MISC, and was progressively rolled out to Eaglestar, AET, and ALAM. In 2018, the roll out was completed across MMS and MHB. As we celebrated our 50 th anniversary in 2018, we also took the time to make a longer-term assessment of the importance of our workforce in the past five decades in terms of People, Passion, Possibilities. CULTURAL BELIEFS SHARED VALUES ▲ RESULTS MATTER I stretch my limits to deliver superior results ▲ OWN IT! I own the results and don’t blame others ▲ FOCUSED EXECUTION I plan, commit, and deliver with discipline ▲ NURTURE TRUST I always keep my promise and build mutual trust ▲ TELL ME I seek, give and act positively on feedback ▲ SHARED SUCCESS I collaborate for the greater good of MISC Group ▲ LOYALTY Loyal to corporation ▲ INTEGRITY Honest and upright ▲ PROFESSIONALISM Strive for excellence ▲ COHESIVENESS United, trust and respect for each other Our accomplishments have been achieved through the dedication of our People at sea and shore, who are committed to uphold the highest standards of excellence in everything that we do. We push the boundaries with Passion and leverage on our Group’s synergy to provide a comprehensive range of energy related maritime solutions and services. Through the commitment and dedication of our People, fueled by their unwavering Passion, we believe there are greater Possibilities ahead as we embrace opportunities that emerge from the evolving industry and collaborating actively towards creating a sustainable future today and tomorrow. MANAGEMENT DISCUSSION & ANALYSIS PEOPLE DEVELOPMENT OTHERS 378 (4.4%) INDIA 1,109 (12.9%) CHINA 238 (2.8%) INDONESIA 193 (2.3%) USA 149 (1.7%) PHILIPPINES 804 (9.4%) BANGLADESH 278 (3.2%) MALAYSIA 5,313 (61.8%) SINGAPORE 125 (1.5%) NATIONALITY OF WORKFORCE PERCENTAGE OF SHORE EMPLOYEES AND SEAFARERS BY GENDER Baby Boomers (>53) Gen X (39-53) Millennials (24-36) Gen Z (<24) Executive/Officer Non-executive/Ratings AGE OF EMPLOYEES PERCENTAGE OF EXECUTIVES/ OFFICERS & NON-EXECUTIVES/ RATINGS 4,707 (54.8%) 2,524 (29.4%) 682 (7.9%) 674 (7.9%) 5,142 (59.9%) 3,445 (40.1%) 0 1,000 2,000 3,000 4,000 5,000 4,941 (57.5%) 2,585 (30.1%) 92 (1.1%) 969 (11.3%) SHORE FEMALE SEA FEMALE SHORE MALE SEA MALE TOTAL MALE: 7,526 TOTAL FEMALE: 1,061 87.6% 12.4% HIGHLIGHTS OF THE YEAR OUR BUSINESS OUR LEADERSHIP OUR PERFORMANCE OUR COMMITMENT TO SUSTAINABILITY OUR GOVERNANCE FINANCIAL STATEMENTS OTHER INFORMATION 50 TH ANNUAL GENERAL MEETING 131 MISC BERHAD ANNUAL REPORT 2018 130