Positive economic performance generates the funds necessary to reinvest in the Group’s workforce and surrounding communities. We see this positive outcome as being pivotal to our ability to continuously create value and deliver meaningful impact across our business footprint in the long run. With the aim of delivering strategic economic impact and driving the sustainable development of our communities, business ecosystem and national economies, we consistently invest in innovative and efficient solutions that enhance our operations and products. This goal has driven us to further expand on our EoTF2025 vision, which was first developed and introduced in 2021. In its 2nd year of implementation, significant progress has been made that paves the way for the Group to become a global tech-enabled asset and facilities management company. In doing so, entrenching sustainability into our operations becomes a key paradigm towards building a resilient ecosystem – enriching people’s livelihoods, protecting and preserving the environment and enabling value creation for the communities that we interact with. Economic Development The objectives of EoTF2025 are anchored on enhancing profits through the scalability of our business in the various markets we operate in. This is predicated on the ability to replicate the Group’s franchise through market expansion strategies, optimising the way we operate through efficiencies in our value chain, enhancing the value proposition to our clients through the use of technology to accelerate the deployment of services, and increasing transparency and data on asset performance. Furthermore, we have continued to support Bumiputera vendors as well as SME suppliers through our development and financing programme. Ultimately, with our structure and capabilities, we believe that we are well-placed to support our nation in reviving the economy from the impacts of the pandemic over the last few years. Moreover, as a result of our conscientious planning and implementation of market expansion strategies, we have been able to drive and distribute value to our stakeholders and the countries that make up our operational footprint by accruing meaningful contributions to our operation, as depicted here: A. Direct economic value generated from revenue: Revenue generated from international markets 2019 2020 2021 2022 31% 39% 40% 38% 2019 2020 2021 2022 2,422.1 2,035.9 2,299.5 2,528.7 EXPAND FOOTPRINT AND DEEPEN SOLUTIONS BASE In today’s global economy, market expansion is imperative to foster economic growth as it broadens our customer base and income stream. Furthermore, participation in international markets can lead to increased trade and economic integration between the Group and the markets that we serve, which in turn sets us up for future business opportunities. A central theme of EoTF2025 is the ability of the Group to replicate its franchise in international markets by expanding into adjacencies within existing core markets and entering into new markets. Presently, we operate in six countries – Malaysia, Singapore, Indonesia, Taiwan, the United Arab Emirates and the Kingdom of Saudi Arabia. In developing our growth themes for each of these markets, the Group is committed to creating positive economic impact for stakeholders and the local economy through our operations, either by contributing to development in the local areas or communities in which we operate (e.g., through local hiring), by engaging with local suppliers or by developing sustainable solutions that meet the needs of our clients. With 38% of our revenue and 62% of new contracts originating from international markets, our diversified portfolio across different geographies gives us the advantage of a far-reaching network with broader sources of income to sustain the Group financially in the long run. COMMITTING TO RESPONSIBLE ECONOMIC DEVELOPMENT UEM Edgenta and its subsidiaries (RM million) p.120 p.121 1 2 3 4 5 6 7 8 9 SUSTAINABILITY STATEMENT UEM EDGENTA BERHAD INTEGRATED ANNUAL REPORT 2022 SUSTAINABLE ECONOMIC GROWTH SUSTAINABLE ECONOMIC GROWTH
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