Pushing Transformation
Boundaries!
Annual Report 2022
CONTENTS
01 | | | CORPORATE PROFILE |
03 | | | MISSION & STRATEGY |
03 | | | VISION |
04 | | | CHAIRMAN'S MESSAGE |
08 | | | FINANCIAL HIGHLIGHTS |
09 | | | FINANCIAL REVIEW |
10 | | | BOARD OF DIRECTORS |
12 | | | KEY MANAGEMENT |
14 | | | CORPORATE SOCIAL RESPONSIBILITY |
16 | | | GROUP STRUCTURE |
17 | | | SUSTAINABILITY REPORT |
CORPORATE INFORMATION
This Annual Report has been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor"). This Annual Report has not been examined or approved by the Singapore Exchange Securities Trading Limited ("SGX-ST") and the SGX-ST assumes no responsibility for the contents of this Annual Report, including the correctness of any of the statements or opinions made or reports contained in this Annual Report.
The contact person for the Sponsor is Ms Charmian Lim (Telephone: (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.
MENCAST HOLDINGS LTD. | ANNUAL REPORT 2022 | 1
CORPORATE PROFILE
Mencast Holdings Ltd. and its subsidiaries ("Mencast" or the "Group") is a regional
Engineering and Maintenance, Repair and Overhaul ("MRO")
solutions provider. We also have growing businesses
in waste remediation, recycling and manufactured products.
From its establishment in 1981, the Group has grown into a leader in the manufacture and repair of propellers and sterngear equipment and has built on its core competencies to steadily expand business into new areas. These include waste management as well as innovation driven businesses.
Mencast constantly innovates to create customer value and drive sustainable business growth. In 2017, Mencast Innovation Centre Pte. Ltd. ("MIC") was established as an incubator that provides mentorship, facilities and networking opportunities for growth companies synergistic with our Group.
Mencast will continue to seek technology driven growth opportunities in MRO, environmental remediation, manufacturing and the recycling of waste products.
2 | MENCAST HOLDINGS LTD. | ANNUAL REPORT 2022
MENCAST HOLDINGS LTD. | ANNUAL REPORT 2022 | 3
MISSION & STRATEGY
STRATEGY
REVENUE
- Seek new revenue streams
- Cross-selling
- Leverage existing capabilities into new markets
MARGINS
- Productivity and processes
- Rightsizing assets and operating overheads
• Lean costs
CAPITAL SPREAD
- High ROCE & ROE
- Low WACC
- Fund growth business
ENABLERS
"PARTNER PERFECT"
- Culture of adding value
- Leverage teamwork
- Ownership culture
- Leverage existing platform and relationships
TALENT
- Passion for performance
- Leverage teamwork
- Ownership culture
SCALE
- Cost efficiency
- Market presence
- Able to invest in R&D
FOCUS
- Excellence of execution
- Speed
- Invest in the best
VISION
Most admired MRO partner and employer in the world
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Disclaimer
Mencast Holdings Ltd. published this content on 03 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 April 2023 07:36:07 UTC.