p.77 1 2 3 4 5 6 7 8 9 MANAGEMENT DISCUSSION & ANALYSIS p.76 UEM EDGENTA BERHAD INTEGRATED ANNUAL REPORT 2022 EDGENTA OF THE FUTURE 2025 (EoTF2025) (2020-2025) EDGENTA OF THE FUTURE 2025 (EoTF2025) (2020-2025) Our Edgenta of the Future 2025 (“EoTF2025”) strategy encapsulates the pillars of our transformation to become a TechnologyEnabled Solutions Company by the year 2025. It outlines what we need to achieve to compete effectively in global markets, with a focus on differentiating our solutions, driving cost optimisation and entering new markets and sectors, all while embedding technology and sustainability as core components of our strategic outlook. Two years into our EoTF2025 journey, we are tracking well against our goals, placing us in an ideal position to secure our long-term value creation potential. 12% revenue growth per annum over five years GOAL Achieved 12% CAGR since 2020 STATUS RM100 million in cost savings over five years GOAL Delivered RM51.9 million in cost savings in just two years STATUS Drive differentiation through technologybased solutions GOAL Over RM1 billion in tech-enabled wins since 2020 STATUS The building of a global IFM franchise through technology and sustainability solutions - as detailed below - is a key component of our EoTF2025 vision. NEW PRODUCTS • Integrated Healthcare Support: - 15 Hybrid ICUs - RTM programme for 62 units of BEMS assets for the period of 2020 to 2022 • Sustainability Solutions: - 19 GBI and LEED-certified buildings across Malaysia - Helped clients achieve 38,178,319 kWh in energy savings per year through EPC services - Helped 32 hospitals achieve the Energy Management Gold Standard INTERNATIONAL GROWTH • KSA: expansion solidified with establishment in the country and acquisition of 60% stake in MEEM • Indonesia: expanded presence through infrastructure contracts • Singapore and Taiwan: moving up the value chain to offer IFM services while expanding into the industrial, hospitality and education sectors Generating savings through procurement: • Bulk purchasing for reduced input unit costs • LEAN programme to identify operational efficiency opportunities • Ongoing digitalisation and mechanisation drive • Supplier Financing Programme and data analysis under the Strategic Vendor Programme to drive rate reductions Creating a fit-for-purpose organisation: • Optimisation of work process to reduce costs and achieve the right-sizing of manpower for the delivery of fit-for-purpose solutions Monetising mature and non-core businesses: • Disposed of Fabor Sindoori Management Services Private Limited to streamline our portfolio and prioritise our resources towards growth markets Commercialisation of digital platforms: • Selected by KLCC Urusharta to manage its assets, contractors and users across Towers 1, 2 and 3 of the Petronas Twin Towers • Integrated processes with Asseto at 11 different sites Building a tech ecosystem of Smart City solutions: • ITMAX System Berhad: smart traffic management, smart security and surveillance • Disrupt-X: end-to-end scalable IoT • Sumitomo Corporation and Softbank: smart and sustainable city solutions • Alibaba: solution to measure, analyse and manage carbon emissions Driving clients’ operational efficiency through digitalisation of their processes and systems, implementation of data analytics, and the integration of IoT devices within their operations Enhancing our IFM franchise in international markets Productising tech solutions For more information about our technology solutions, please refer to page 26. Driving sustainability solutions For more information about our sustainability solutions, please refer to page 102. EXPAND footprint and deepen solutions base EXTRACT value from core businesses ENHANCE product and technology proposition OUR EDGENTA OF THE FUTURE 2025 TRANSFORMATION PILLARS
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