PERFORMANCE STRATEGIC INITIATIVES & OUTLOOK Strategic Initiatives Destini’s turnaround plan focuses on fortifying our foundation while driving sustainable growth. We have rolled out five core strategic initiatives that align with our longterm objectives and position us to tackle market challenges effectively: a) O rganisational Optimization: Our organisational structure has been recalibrated to focus on core strengths. By consolidating operations and removing dormant entities, we have reduced administrative complexities and operational costs, enhancing both efficiency and agility across the Group. b) S takeholder Engagement Programs: We recognize the critical role our stakeholders play in our success. By engaging with key stakeholders (including customers, financial institutions, shareholders, and employees), Destini has strengthened their trust and alignment with our corporate objectives. These initiatives are designed to create a foundation of transparent, supportive relationships that help drive our shared objectives. c) F inancial Restructuring: To bolster financial stability, we have embarked on a comprehensive restructuring strategy, which includes raising funds, optimizing costs, and developing revenue-generating activities. These actions, though impacted by the current year’s loss, are part of a long-term effort to strengthen the balance sheet and ensure financial sustainability. d) D igital Transformation and Performance Management: Our adoption of the Oracle NetSuite ERP system marks a significant advancement in our digital transformation. This platform has enhanced operational visibility, streamlined processes, and improved decision-making across the Group. Alongside this, a performance management framework is in place to drive accountability, incorporating detailed KPIs and performance-based incentives to promote excellence. e) B uilding a Sustainable Growth Pipeline: We are focused on maintaining a robust order book and cultivating future growth. With a current order book near RM1 billion and an exploration of RM12 billion in potential business opportunities across Rail, Aviation and Defence, Oil & Gas, and Marine sectors, we are proactively investing in our growth pipeline to deliver sustainable shareholder value. Outlook Looking forward, Destini is confident in its ability to weather ongoing economic fluctuations while seizing new opportunities. Despite external challenges, our strategic groundwork has equipped us with the resilience needed to navigate future uncertainties. The focus on stakeholder engagement, digital transformation, and sustainable growth positions Destini to respond effectively to evolving market needs and unlock long-term value. Our commitment to ESG principles, including our renewable energy initiatives, reflects our dedication to responsible growth. With support from shareholders, partners, and employees, Destini is well-prepared to continue expanding our footprint and achieve sustained growth. Through agility, a shared vision, and a commitment to excellence, we are poised to meet our strategic goals and deliver on our mission. Executive Director Ismail Bin Mustaffa Group Chief Operation Officer Mohamed Niza Bin Abu Bakar Group Chief Financial Officer Aris Kefli Bin Mohamad Yusof 35 DESTINI BERHAD ANNUAL REPORT 2024
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