Integrated Annual Report 2021

2020 2021 469.2 280.6 FINANCIAL REVIEW GROUP FINANCIAL REVIEW GAS ASSETS & SOLUTIONS Gas Assets & Solutions segment’s revenue of RM2,882.8 million for FY2021 was RM230.1 million or 8.7% higher than the FY2020 revenue of RM2,652.7 million, mainly from higher earnings days following deliveries of five VLECs in the current year. The segment’s operating profit of RM1,250.8 million was RM59.8 million higher than the previous year’s profit of RM1,191.0 million, mainly from higher revenue as explain above. OFFSHORE BUSINESS The Offshore Business segment’s revenue of RM3,038.9 million for FY2021 was RM1,750.4 million or more than 100% higher than FY2020 revenue of RM1,288.5 million mainly due to the higher recognition of revenue from an FPSO conversion following higher project progress in the current year. The segment’s operating profit of RM805.3 million was RM239.5 million or 42.3% higher than the previous year’s profit of RM565.8 million mainly due to the higher revenue as mentioned above. PETROLEUM & PRODUCT SHIPPING The Petroleum & Product Shipping segment’s revenue of RM3,200.4 million for FY2021 was RM663.1 million or 17.2% lower than the FY2020 revenue of RM3,863.5 million, mainly due to lower freight rates and lower earning days from vessels disposals and redeliveries in the current year. The segment’s operating profit of RM280.6 million was RM188.6 million or 40.2% lower than the previous year’s profit of RM469.2 million, mainly from lower revenue as mentioned above. MARINE & HEAVY ENGINEERING The Marine & Heavy Engineering segment’s revenue of RM1,467.3 million for FY2021 was RM100.3 million or 6.4% lower than FY2020 revenue of RM1,567.6 million mainly due to lower dry-docking activities in the current year as a result of prolonged border restrictions imposed by the Government to curb the COVID-19 pandemic. This was partially offset by higher revenue from on-going heavy engineering projects. The segment posted an operating loss of RM252.2 million in FY2021, compared to operating loss of RM100.0 million in FY2020 mainly due to additional cost provision recognised for on-going projects in the current year. 2020 2020 2020 2020 2020 2020 2020 Revenue (RM million) Revenue (RM million) Revenue (RM million) Revenue (RM million) Operating Profit (RM million) Operating Profit (RM million) Operating Profit (RM million) Operating Loss (RM million) 2021 2021 2021 2021 2021 2021 2021 2,652.7 1,191.0 3,863.5 1,288.5 565.8 (100.0) 1,567.6 2,882.8 1,250.8 3,200.4 3,038.9 805.3 (252.2) 1,467.3 SEGMENTAL PERFORMANCE ANNOUNCEMENTS OF ANNOUNCEMENTS OF FINANCIAL RESULTS TAX EXEMPT DIVIDENDS FINANCIAL PERIOD Quarter Announced Announced Paid Dividend 2021 2021 2021 2021 2021 2021 2021 2021 2021 2022 2022 2022 1st JANUARY 202131st DECEMBER 2021 1st 1st 3rd 3rd 2nd 2nd 4th 4th May,6th May,6th June,9th August,13th August,13th September,14th November,18th November,18th December,14th February,17th February,17th March,16th FINANCIAL CALENDAR FINANCIAL REVIEW MISC Berhad 112 Integrated Annual Report 2021 MISC Berhad Integrated Annual Report 2021 113

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