22 YINSON HOLDINGS BERHAD STRATEGY IN ACTION Firm focus on the energy infrastructure space We remain firmly focused on the energy infrastructure space, recognising the critical role it plays in ensuring global energy security and affordability. As demand for reliable and accessible energy continues to grow, the need for high‑quality, well‑managed infrastructure has never been clearer. We take seriously the responsibility that comes with operating in this space – not only to deliver reliable energy solutions, but also to ensure responsible stewardship of environmental and social capital where we operate. Energy infrastructure projects are capital-intensive in nature, which brings inherent risks related to long project cycles, financing structures and asset delivery. Yet importantly, the long-term and contract-backed nature of energy infrastructure projects provides stable recurring income, strong cash flow visibility and resilient returns throughout economic cycles. Yinson Production’s order book of over USD 19.5 billion gives us strong earnings visibility until 2048, boosted further by Yinson Renewables’ approximate USD 2.5 billion of forecasted revenue. Business Management & Performance, pg 101 Our overall Group strategy is simple and consistent. We anchor our six strategies across three tactical pillars – Business, Capital and Organisational – which guide how we manage our businesses and grow them, steward our capital for long-term value and resilience, and run the organisation to remain lean, efficient and future-ready. Our Group Strategies flow through to our respective Business Strategies, and together, they position us well to manage risks while capturing the resilience and long-term value of this asset class. Group strategies, pg 101 Making decisions for long-term, shared success Sustainability continues to underpin how we evolve as a business. As we pursue disciplined growth, we remain guided by principles that ensure our decisions create long-term value for our shareholders, people, partners, communities and the environment. Our sustainability positioning, pg 33 In 2025, we refreshed our material topics, once again adopting a double materiality approach to assess both the financial implications on our business and the broader impact of our operations. This exercise identified 11 material topics that reflect the issues most critical to our stakeholders and longterm performance. LEADERSHIP MESSAGES YP Yinson Production remains our Group’s primary growth engine, and we will continue scaling this business to support energy security and affordability – needs that global institutions increasingly describe as among the most urgent and destabilising challenges facing the world, driven by geopolitical tensions, supply disruptions, and price volatility. Our immediate priority, in addition to securing new FPSO projects, is to deliver FSO Lac Da Vang and FSO for Block B. These projects will further strengthen our project execution track record, alongside maintaining industry-leading safety and operational performance. These anchor our position as a reliable operator as we pursue new FPSO projects, particularly in Africa, South America and Southeast Asia, where opportunities are strongest and where we have an established presence. We will continue reducing the carbon intensity of our fleet through energy-efficient designs, improved operating processes and the integration of low-carbon features. For our operating fleet, we take a balanced and commercially sound approach to emissions reduction, working closely with our clients to identify upgrades that deliver both environmental benefits and clear value. This includes, for example, the installation of a gas export module on FPSO Abigail-Joseph, allowing gas to be exported rather than injected – thereby lowering carbon intensity. Building on years of seed investments in low-carbon technologies, we have expanded into developing an integrated low-carbon value chain, supported by design development, business development activities, and a growing proprietary portfolio – all while leveraging strategic partners to stay agile. We are seeing strong market interest in Carbon Capture-asa-Service, where our lease & operate expertise provides a competitive advantage. In parallel, we are evaluating adjacent opportunities that leverage our proven ability to build and manage complex offshore assets, including the emerging floating liquefied natural gas (“FLNG”) space. Strategic focus areas, Yinson Production Review, pg 71 The updated materiality matrix provides clear visibility of these priorities in terms of both impact and financial materiality. These priorities guide our capital allocation, operational improvements and capability building, and we maintain a sharp and deliberate focus on each of them. Material matters, pg 36
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