MISC Annual Report 2018

KEY FOCUS AREAS STRATEGIC PRIORITIES To drive sustainable value for our shareholders LNG ASSET SOLUTIONS • Grow third party business portfolio • Develop non-conventional LNG solutions to broaden our revenue sources PETROLEUM & PRODUCT SHIPPING • Pursue more time charters for conventional fleet • Expand niche market assets such as shuttle tankers with time charters OFFSHORE BUSINESS • Explore acquisition opportunities arising from asset divestments by oil & gas players globally • Pursue organic growth when oil price recovers and expand international footprint MARINE & HEAVY ENGINEERING • Develop larger recurring income base to reduce the cyclicality of the business • Manage cost and process efficiency To exceed the expectations of our customers • Increase standard of customer experience through efforts to exceed their expectations • Improve customer perception and interaction To maintain a sustainable governance and business ethics framework • To embed business ethics and ethical conduct as a cultural component within the organisation • Work towards formal inclusion of sustainability on the Board agenda To promote individual and team excellence of our employees • Focus on succession planning to ensure a sustainable talent pipeline is in place across the job levels in MISC • To have a competent and capable workforce through a structured and holistic employee developmental process • Cultivate a healthy workforce To care for the environment and operate responsibly • Explore viability of low emission solutions for positive long-term environmental impact • Proactively manage our environmental footprint, as well as inculcate environmental consciousness amongst our employees To create a positive difference to the lives of communities • Invest in the next generation via well-established and fully functioning programmes that promote education and awareness amongst the youth towards becoming the next leaders in the industry and in contributing towards their future development M I S C 2 0 2 0 T A R G E T S O V E R A L L G R O U P S T R A T E G Y & T A R G E T S T o a c h i e v e a s u s t a i n a b l e l e v e l o f s e c u r e d p r o f i t b y 2 0 2 0 & a s u s t a i n a b l e R O A C E o f m o r e t h a n 1 0 % b y 2 0 2 0 CUSTOMERS EMPLOYEES ENVIRONMENT COMMUNITY GOVERNANCE & BUSINESS ETHICS VISION SHAREHOLDERS OUR STRATEGIC FOCUS M I SC 2 0 2 0 PR I OR I T I ES 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 65 MISC BERHAD ANNUAL REPORT 2018 64