Charting the Pathway Towards Excellence Charting the Pathway Towards Excellence Press Metal Aluminium Holdings Berhad 36 37 Integrated Annual Report 2023 Fuelling Growth through Our Strategic Priority Areas Enhancing our operational efficiencies through technological improvements and digital transformation to build business resilience and to fortify financial performance. Aims • Increasing the contribution of VAPs and streamlining our business through business integration and enhanced extrusion performance. • Scaling up our overall production capabilities by increasing our aggregated production capacity. • Continuously improving our operational efficiencies through process optimisation and technology adoption. • Ensuring sufficient liquidity (i.e., cash and available credit facilities) to meet core funding needs, including growth requirements. Impacted Capitals FC IC NC MC Going Forward • Employing an integrated business model to streamline operations from smelting to distribution through direct product manufacturing for end-consumers, thereby controlling production costs. • Adopting automation technologies in our manufacturing processes to enhance operational efficiency. BUSINESS RESILIENCY Forging strategic partnerships to leverage shared resources, expertise and market insights, thus fostering business continuity, growth and innovation. STRATEGIC PARTNERSHIP Aims • Ensuring continuity of raw material supplies by increasing the number of strategic upstream business partners. • Ensuring continuity in our business transactions and enhancing financial resiliency by broadening our market reach through new partnerships. Impacted Capitals MC Going Forward • Leveraging synergy with global strategic partners to explore opportunities for market and supply chain integration, enhancing supply chain resilience, cost-effectiveness and global market visibility. • Penetrating emerging markets by developing tailored products and services to meet demand. SRC FC Fuelling Growth through Our Strategic Priority Areas Sustaining the continuity of our operations by providing on-going capacity building programmes and enhancing the well-being of our employees. HUMAN CAPITAL ENHANCEMENT Aims • Maintaining zero (0) fatalities workplace through rigorous safety measures and trainings. • Implementing stringent safety protocols to safeguard our employees’ well-being. • Enhancing our retention strategies and professional development programmes to reduce our turnover rate. • Enhancing our professional growth of employees by increasing average training hours. • Improving overall employee well-being such as health benefits, work-life balance and mental health support. • Assessing the impact of our training programmes by monitoring improvements in employee skills, competencies and performance. Impacted Capitals FC Going Forward • Enhancing our health and safety controls to safeguard health and safety at workplace. • Implementing more wellness programmes and initiatives. • Improving our employee training needs analysis to assist employees in progressing in their careers. • Strengthening our pre- and post-training assessments to better measure skill improvements and gauge the effectiveness of our training programmes. HC Prioritising positive societal impacts that align with our commitment to corporate social responsibility (“CSR”) and sustainable business practices. Aims • Increasing our contributions to the local community to address their needs and improve their livelihood. • Increasing the proportion of expenditure allocated to local suppliers subject to the availability and quality of products and their services. Impacted Capitals FC Going Forward • Developing community programmes aligned with our focus areas, targeting significant positive impacts in health, social welfare, education, culture and the environment. • Exploring collaborations with suppliers to enhance the capabilities and capacities of local suppliers. SRC HC POSITIVE SOCIETAL IMPACT
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