Serba Dinamik Annual Report 2018

SERBA DINAMIK HOLDINGS BERHAD ANNUAL REPORT 2018 113 E C O N O M I C S 1 Source: (Vital Factor Consulting analysis): Ranking was based on total group or company revenue for the FYE 2018 among PETRONAS-licensed companies in Malaysia Focusing on Our Core Competencies We celebrated our Silver Jubilee Anniversary on the 21 September 2018 with the achievement of being part of the billion-ringgit business community based on yearly revenue. Over the past 25 years our success was attributed to our strategy of focusing on our core competencies, which is providing O&M and EPCC services to the energy industry. Our strong market position as being among the top 2 service providers for MRO of rotating equipment 1 amongst Malaysian Oil and Gas Service and Equipment Providers is complemented by our expansion into foreign markets to become a globally recognised total engineering solutions provider. Strategic Investments and Acquisitions Besides growing organically we continue to pursue a faster growth trajectory through strategic investments and acquisitions. Targeted investments and acquisitions include those that can provide us with diversification into new or complementary industries, facilitate expansion of our geographical markets as well as add value to our goal of becoming a total engineering solutions provider. Asset Ownership Business Model In line with our strategy to achieve business sustainability, we will continue with our asset ownership business model to own assets that will provide us with recurring revenue streams. Our asset ownership model is focused on our core industries of oil and gas, power generation and water utilities. Through this business strategy, we acquire stakes in companies that own industrial assets while leveraging on our existing core competencies in O&M and EPCC to develop, operate and maintain the assets. Such acquisitions would enable us to benefit from different revenue streams throughout the life-cycle of the industrial assets, including from EPCC during the development phase and O&M during the operational stage. Strategic Partnership As and when opportunity arises, we will engage in strategic partnerships with industry and subject matter experts, and government agencies to gain technologies, skills and knowledge in areas we do not have expertise. Our strategic partnerships are undertaken through Memorandum of Understanding as well as Head of Agreements.