EXTERNAL ENVIRONMENT LONG-TERM TRENDS RISKS AND OPPORTUNITIES OUTLOOK STAKEHOLDERS MATERIAL MATTERS By using the inputs of our six capitals i.e. financial, physical, intellectual, human, social and relationship, and natural, MISC creates value for our shareholders, investors, customers and other stakeholders. We have crafted a business strategy that guides us on how we allocate capital resources throughout all our businesses towards achieving our strategic goals which result in both outputs as well as outcomes for our business and stakeholders. MISC’s value creation ability is impacted by a multitude of factors including a complex global and local operating environment and a myriad of risks and opportunities shaped by current and future challenges and trends. To ensure that we remain a value-driven business set on a positive growth trajectory, we take into account the needs of our stakeholders, our material matters and the industry outlook. OUR VALUE CREATION MODEL Feedback loop • Financial capital • Physical capital • Intellectual capital • Human capital • Social & relationship capital • Natural capital INPUTS BUSINESS ACTIVITIES OUTPUTS VISION MISSION STRATEGY MISC’s business strategy and activities are implemented via a robust governance structure, framework and processes. The Board is responsible for overseeing the overall direction and performance of the company, and for making strategic decisions that will drive value creation. Management is responsible for executing the company’s strategy and achieving business goals and objectives. In discharging their duties, both the Board and Management take into consideration our material matters and sustainability imperatives that affect our business. BUSINESS MODEL CAPITALS Identification and assessment of • Value creation impact on MISC and other stakeholders • Effects on the six capitals OUTCOMES
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