Upholding Good Governance and Economic Resilience Integrated Annual Report 2024 SECTION 5 • DELIVERING SUSTAINABLE VALUE FOR OUR STAKEHOLDERS 105 Key Performance Indicator 2022 (RM’000) 2023 (RM’000) 2024 (RM’000) Economic Value Generated 15,932,209 14,100,888 15,568,833 Economic Value Distributed Operating Costs 13,239,470 11,693,419 12,508,521 Contribution to Capital Providers 1,094,503 1,124,878 1,153,719 Employee Wage and Benefits 492,717 512,785 528,920 Contribution to the Government 120,090 66,740 118,433 Community Investment 6,204 6,360 7,856 Value Retained 979,225 696,706 1,251,384 Read more about our economic, market and operations updates in the Management Discussion and Analysis by Group CEO section of this IAR 2024. Read more about our financial performance and tax contributions for FYE2024 in the Financial Statements section of this IAR 2024. Read more about our community investments in the Community Management section of this IAR 2024. Press Metal leverages government incentives and grants that are designed to drive industrial advancement, stimulate innovation and support sustainable business practices. As an example, one of the Group’s manufacturing facilities has been awarded Pioneer Status, granting tax exemptions on statutory business income. These incentives serve as enablers for optimising operational efficiency, fostering innovation and attracting investment. Enhancing the Group’s competitive position, they facilitate strategic expansion, mitigate market vulnerabilities and contribute to broader economic growth and job creation. GOING FORWARD The global aluminium market continues to expand, driven by economic recovery and the accelerating energy transition. Demand remains strong, yet price volatility will be expected to persist due to tighter market balances and regional energy challenges. In response, we are advancing our growth strategy with an emphasis on upstream expansion, through alumina refinery investments in Indonesia, including PT BAI and PT KAN. Securing strategic alumina assets remained vital for sustaining aluminium smelting operations, to meet rising global demand and to reinforce our competitive position. Strengthening supply chain resilience while actively managing market dynamics enables us to drive long-term growth and deliver high-value, sustainable solutions to customers. At the same time, we are integrating circular economy, enhancing resource efficiency and diversifying revenue streams through strategic partnerships. A holistic approach to growth and sustainability supports the creation of lasting value while contributing to broader economic and environmental progress. HOW WE PERFORMED IN 2024
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