UEM Edgenta : Annual Report

DRIVING

TECHNOLOGY,

ADVANCING

SUSTAINABILITY

CREATING A BETTER TOMORROW

E D G E N T A O F T H E F U T U R E 2 0 2 5

I N T E G R AT E D A N N U A L R E P O R T 2 0 2 2

UEM EDGENTA

IS PLEASED TO PRESENT OUR 2022 INTEGRATED ANNUAL REPORT, THE PRINCIPAL COMMUNICATION TO OUR STAKEHOLDERS.

DRIVING TECHNOLOGY,

ADVANCING SUSTAINABILITY

The cover of our 2022 Annual Report illustrates our strategic evolution towards becoming a Technology-Enabled Solutions Company, propelling technological innovations and sustainability advancements in our products and services and through market expansion. Guided by our Economic, Environmental, Social and Governance ("EESG") initiatives, we will continue to accelerate digital and technology transformation while prioritising sustainability as a core consideration across our organisation.

As the region's market leader in asset management and infrastructure solutions, we are committed to expanding our operations internationally and enhancing the lives of the communities we operate in. Always upholding our FIRST values (please refer to Page 4 of our report), we strive to deliver and meet the highest standards of quality for all our stakeholders and in every aspect of conducting our business.

ABOUT THIS REPORT

OVERVIEW OF UEM EDGENTA BERHAD

Overview of UEM Edgenta	4
Embedding Sustainability into Our Business	6
2022 Key Highlights	10
Awards and Recognitions	13
Our Presence	14
Our Corporate Structure	16
What We Do
- Healthcare Support	18
- Property & Facility Solutions	19
- Infrastructure Services	20
- Asset Consultancy	21
What Differentiates Us: Our Strengths	22
2022 Key Significant Events	24
Edgenta Digital Ecosystem Platform	26

KEY MESSAGES

Chairman's Statement	31
Managing Director/
Chief Executive Officer's Statement	36
Chief Financial Officer's Review	42

VALUE CREATION

Our Approach to Value Creation	50
Key Capitals	52
Value Creation Business Model	54
Stakeholder Engagement	56

INSIDE

THIS REPORT

MANAGEMENT DISCUSSION AND ANALYSIS	GOVERNANCE
Our Operating Environment and Market Trends	64	Corporate Governance Overview Statement	214
Our Material Matters	70	Audit Committee Report	234
Risks and Mitigation	72	Statement on Risk Management and Internal Control	237
Edgenta of the Future 2025 (EoTF2025)	76	Corporate Integrity and Ethical Business Conduct	246
5-Year Group Financial Summary	78	Additional Compliance Information	248
5-Year Group Financial Highlights	79	FINANCIAL STATEMENTS
Simplified Statements of Financial Position	80
Segmental Analysis	81	Directors' Responsibility Statement	250
Value Added Statement and Value Distribution	82	Directors' Report	251
Group Quarterly Performance	83	Statement by Directors	257
Financial Calendar	84	Statutory Declaration	257
Investor Relations	85	Independent Auditors' Report	258
Business Review		Statements of Comprehensive Income	264
- Healthcare Support	90	Statements of Financial Position	266
- Property & Facility Solutions	94	Statements of Changes in Equity	269
- Infrastructure Services	96	Statements of Cash Flows	271
- Asset Consultancy	98	Notes to the Financial Statements	273
SUSTAINABILITY STATEMENT		SHAREHOLDERS' INFORMATION
Sustainability at UEM Edgenta	102	Analysis of Shareholdings	384
- Sustainability Highlights and Achievements	104	Properties Held by Our Group	387
- Message from the Managing Director/		Recurrent Related Party Transactions	388
Chief Executive Officer	106	GRI Content Index	399
- About This Report	110	FTSE4Good Content Index	405
- Sustainability Governance	110	Glossary	427
- Our Sustainability Roadmap	113	Notice of the 60th Annual General Meeting	432
- Stakeholder Engagement	116	Statement Accompanying Notice of
- Materiality Assessment	116	60th Annual General Meeting	436
- Business Ethics	117
Sustainable Economic Growth	118	- Form of Proxy
Minimising Environment Impact	130	- Group Directory
Social Value Creation	148
LEADERSHIP
Corporate Information	189
Board of Directors	190
Board of Director's Profile	192
Company Secretary's Profile	201
Executive Leadership	202
Executive Leadership's Profile	204
Organisation Structure	210

ABOUT THIS REPORT

REPORTING BASED ON ESTABLISHED PRINCIPLES, FRAMEWORKS AND GUIDELINES

At UEM Edgenta, we strive to advance technology-based solutions with an emphasis on sustainability. Through technology, we enable our employees to work more productively, unlock cost savings and establish vital new

ABOUT THIS REPORT

NAVIGATING OUR REPORT

We have aimed to produce a report that is interactive, engaging and easy to understand. To help readers navigate this report, we have adopted the following navigational icons that highlight our reporting of the six capitals of value creation as described in the Framework, as well as the material matters that impact our value creation process:

revenue streams.

Moving forward, we have oriented our expansion to meet global requirements - inventing, adapting and enhancing better asset management and infrastructure solutions for our clients.

While our business methods have been intended to provide long-term profits for our shareholders, our responsibilities encompass a much broader scope.

CAPITALS

Financial Manufactured

Capital Capital

Intellectual Human

Capital Capital

MATERIAL MATTERS

M1	M2	M3	M4
Business	Innovation and	Economic	Supply Chain
Ethics	Technology-based	Development	Management
Operational Excellence
M5	M6	M7	M8
Climate Change	Environmental	Occupational	Employment
and Energy	Management	Health and Safety	Culture

UN SDGs

Our Group's sustainability efforts are aligned to the following UN SDGs, which were adopted and have been adhered to since FY2021.

SCOPE AND BOUNDARIES

This Annual Report 2022 ("report") covers the reporting period from 1 January 2022 to 31 December 2022 ("FY2022"), unless otherwise stated. The information presented relates to the activities of UEM Edgenta Berhad (otherwise referred to as "UEM Edgenta", "the Group" or "the Company"), comprising our subsidiaries, joint

REPORTING GUIDELINES AND FRAMEWORKS

In presenting this report, we are confident that it showcases a fair and balanced representation of our performance during FY2022. Taking guidance from internationally recognised integrated reporting frameworks, as detailed below, this report addresses all our material matters and provides an accurate reflection of our strategic

Natural	Social and
Capital	Relationship
	Resource Capital

M9	M10	M11
Customer	Human Rights	Local
Satisfaction	Assessment	Community

operations, joint ventures and associates.

The Sustainability Statement 2022 ("statement") contained within this report is the sixth that we have published on our continuing sustainability reporting journey. The statement communicates our key sustainability initiatives, commitments and performance in relation to sustainability material matters that we have prioritised for the year under review.

The statement covers our operations in Malaysia and other geographical regions we operate in, namely Singapore, Taiwan, Indonesia, the United Arab Emirates ("UAE") and the Kingdom of

commitments for the short, medium and long-term.

Corporate Section

Companies Act 2016

Bursa Malaysia Securities Berhad's Main Market Listing Requirements

Malaysian Code on Corporate Governance

Bursa Malaysia's Corporate Governance Guide (4th edition) Bursa Malaysia's MD&A Disclosure Guide

Bursa Malaysia's Sustainability Reporting Guide (3rd edition) International Integrated Reporting Framework (" Framework")

STAKEHOLDERS

S1	Board of Directors	S5	Supply Chain
	and Employees		Partners
S2	Clients and Partners	S6	Media
S3	Shareholders	S7	Community
and Investors

S4 Government and Regulators, Industry and Business Associates

RISKS AND MITIGATION

R1 Strategic Risk

R5 People Risk

R2 Operational Risk R6 Cybersecurity Risk

R3 Financial Risk

R7 ESG Risk

R4 Compliance Risk

Saudi Arabia ("KSA").

The reporting period of the statement is aligned with that of the report.

The Global Reporting Initiative ("GRI") Standards

The United Nations' Sustainable Development Goals

("UN SDGs")

FORWARD-LOOKING STATEMENTS

This report contains certain forward-looking statements relating to the future performance of the Group. These statements and forecasts are based on current assumptions and circumstances, which could change; hence, they involve uncertainty. Various factors could cause actual results to differ materially from those expressed or implied by these forward-looking statements.

OUR TARGETED READERS

This report serves as our primary means of providing information about our business and operations to our shareholders and potential investors. It further provides pertinent information on how we add value for other important stakeholders, such as our clients, employees, regulators and the communities we work closely with.

Financial Section

Bursa Malaysia Securities Berhad's Main Market Listing Requirements

Malaysian Financial Reporting Standards ("MFRS") International Financial Reporting Standards ("IFRS") Requirements of the Companies Act 2016 in Malaysia

The credibility of this report is supported by strong governance practices and external verification by Ernst & Young PLT, our auditors for financial information.

FEEDBACK

We look forward to receiving and responding to any feedback pertaining to this report. Feedback or queries may be directed to:

Head, Corporate Communications

Level 16, Menara UEM

Tower 1, Avenue 7

The Horizon, Bangsar South City

No. 8, Jalan Kerinchi

59200 Kuala Lumpur

Tel	: +603	2725 6688
Fax	: +603	2711 8057
E-mail	: [e-mail]

ONLINE VERSION

This report and additional information on UEM Edgenta can be found on our corporate website: www.uemedgenta.com

OVERVIEW OF

UEM EDGENTA

BERHAD

Overview of UEM Edgenta	4
Embedding Sustainability into Our Business	6
2022 Key Highlights	10
Awards and Recognitions	13
Our Presence	14
Our Corporate Structure	16
What We Do
- Healthcare Support	18
- Property & Facility Solutions	19
- Infrastructure Services	20
- Asset Consultancy	21
What Differentiates Us: Our Strengths	22
2022 Key Significant Events	24
Edgenta Digital Ecosystem Platform	26

p.4	UEM EDGENTA BERHAD	INTEGRATED ANNUAL REPORT 2022

OVERVIEW OF UEM EDGENTA

VISION

OPTIMISING

ASSETS TO

IMPROVE LIVES

	MISSION
Our services, commitment to	We create opportunities for clients
smarter thinking and improved	and assets that positively influence
solutions place us at the forefront	society
of the industry

CORE VALUES

We stand by our FIRST core values, which is the Edgenta Way of expressing our beliefs and principles.

1	2	3	4	5	6	7	8	9	p.5
OVERVIEW OF UEM EDGENTA BERHAD

OVERVIEW OF UEM EDGENTA

WHO WE ARE

UEM Edgenta is the region's leading Asset Management and Infrastructure Solutions company, with a clear

vision to Optimise Assets and Improve Lives. We are listed on Bursa Malaysia (KLSE: EDGENTA).

We promise the Edgenta Way of delivering quality services to our clients by going beyond standards and offering technology-based solutions as a promise of efficiency, anchored upon a mindset to ensure safety across our operations for the benefit of all our stakeholders.

Our expertise covers Healthcare Support and Property & Facility Solutions within our Asset Management segment, and Infrastructure Services and Asset Consultancy within our Infrastructure Solutions segment.

We employ state-of-the-art technology to develop pioneering and cutting-edge solutions, while remaining dedicated to promoting ESG principles through our sustainability solutions.

We offer our clients a full suite of services throughout their asset lifecycle, which includes consultancy,

procurement and construction planning, operations and maintenance, as well as optimisation, rehabilitation and upgrades. We are currently present

in Malaysia, Singapore, Taiwan, Indonesia, the UAE and KSA.

FIRST is our guiding philosophy in everything that we do, especially with internal and external clients as well as stakeholders.

It defines our organisation's personality, dedication and culture.

we prepare for	we imagine	we treat our	we solve	we are guided
tomorrow's	new ways to	colleagues &	challenges	by integrity
challenges,	deliver better	stakeholders	to deliver	to build trust
today	work	with respect	results

REVENUE

RM2.5

BILLION*

SHAREHOLDERS' FUNDS

RM1.6

BILLION*

TOTAL ASSETS

RM2.9

BILLION*

6 COUNTRIES

Malaysia, Singapore, Taiwan, Indonesia, the United Arab Emirates and the Kingdom of Saudi Arabia

*As at 31 December 2022 and for the financial year then ended.