Integrated Annual Report 2024 SECTION 3 • CHARTING THE PATHWAY TOWARDS EXCELLENCE 41 • Generated Profit after Tax: RM2.1 billion • Total Dividend Payout: RM576.8 million • 20.6% return on equity Our Value Creation Model OUR OUTPUTS VALUE CREATED TRADE-OFFS AND INTERDEPENDENCIES Financial Capital Financial capital is crucial to our business ecosystem, generating value for stakeholders. We strategically invest in Manufactured, Intellectual, and Human Capital to enhance financial performance and ensure sustained value creation for the Group and our stakeholders. Manufactured Capital Our Manufactured Capital, including tools, machines, plants, infrastructure, and buildings, drives our production output. We utilise Financial Capital and Human Capital to enhance development, improving operational efficiency, production capacity, product quality, and cost reduction. Intellectual Capital Investing in our Intellectual Capital drives sustained innovation, boosts R&D capabilities, and enables adaptation to market changes. This enhances production efficiency, strengthens our Manufactured Capital, and reduces environmental impact through innovative technologies, preserving our Natural Capital. Human Capital Investing in our Human Capital to create an inclusive, productive, and sustainable workplace is crucial. Balancing investments in learning, development, and wellbeing enhances skills and productivity, leading to improved operational efficiencies. Natural Capital Promoting sustainable practices in our supply chain is essential for our decarbonisation journey. We invest in eco-friendly materials, energy-efficient technologies, and renewables to minimise our carbon footprint and preserve Natural Capital. Social and Relationship Capital Building stakeholder relationships and investing in Social and Relationship Capital drive our corporate responsibility and sustainability efforts. Through community programmes, and by leveraging Human and Financial Capital, we create both direct and indirect economic value to the stakeholders in areas where we operate in. • RM14.9 billion in revenue • RM3.2 billion in EBITDA F • Increased job opportunities for local communities through youth development programmes and collaboration with local universities • Continued efforts on Supplier Management Programme to fortify supply chain resilience • Organised community-oriented programmes aimed at creating positive and sustained impacts on the well-being of surrounding communities • Community activities benefitting approximately 1,900 beneficiaries • 82.6% and 84.7% customer satisfaction rates received at our midstream and downstream operations respectively • 90 volunteer activities participated by our employees • 51.8% of total procurement expenditure spent on local suppliers • 6 suppliers benefited from ESG capacity building training SR • Enhancement of workforce skills through training and development programmes • Provision of a conducive working environment • Continued to promote an inclusive employee culture that values diversity and equal opportunities • 50.5 training hours per employee on average • 84.0% local senior management hired • 33.6% female managerial representation Group-wide • LTIFR recorded at 3.2 • 102 career development programmes graduates • 0 human rights violations • 0 workplace fatalities H • Produced high-quality aluminium ingots conforming to the High-Grade Primary Aluminium Contract by LME • Produced aluminium wire rods conforming to the specifications for Aluminium Electrical Conductor Grade Rods • Continued production of low-carbon products through the utilisation of renewable power sources • Integrated Management System Certification (ISO 9001, ISO 45001, ISO 50001 and ISO 14001) for our operational sites Main Aluminium Products • High-grade primary aluminium ingots (P1020) • Value-added aluminium products (i.e., billets, alloy billets, alloy ingots and EC-grade aluminium wire rods) • Extrusion products M • Developing the Smelter Operation Manufacturing Execution System (“MES”), of the digital transformation project, focusing on increasing data interconnectivity and smart automation • Enhancement of manufacturing processes and production efficiencies • Pursuit of various collaborations and strategic partnerships to improve R&D efforts • Advances innovation in carbon reduction and sustainability • Introduction of our low-carbon aluminium brands, GEM™ and CYCAL™ which help customers meet their climate goals • Four (4) extrusion products obtained SCS Global Recycled Content certifications, demonstrating a minimum of 80% and 98% pre-consumer and post-consumer recycled aluminium alloy content • 50 patents • 0 data breaches I • Efficient resource use across business activities, leveraging strategic partnerships to reduce product footprint • Promotion of circular economy practices through comprehensive life cycle assessments and postconsumer scrap recycling • Carbon footprint reduction through the adoption of automation and digitalisation technologies, such as pot controller upgrade • 8.6 tCO2e/ tonne of aluminium produced recorded for GHG emissions intensity, 1.2% less than FYE2023 • 2.5 m3/ tonne of aluminium produced recorded for water withdrawal intensity, 8.7% more than FYE2023 • Approximately 6,100 tCO2e in Scope 2 GHG emissions avoided due to solar energy usage • Over 243,363 tonnes of waste diverted from disposal • 10.5% recycled aluminium intensity N
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