Genting Bhd. · MYX:GENTING
Genting Bhd — Shareholder Meeting (June 2022)
72 slides from Genting Bhd's shareholder meeting presentation, Jun 3, 2022
Slide 1: 54th Annual General Meeting Presentation
54th Annual General Meeting Presentation 3rd June 2022 Copyright © 2022 Genting Berhad 196801000315 (7916-A). All Rights Reserved. 54th AGM 3 June 2022 # 1
Slide 2: Agenda
Agenda 1. Key Performance Highlights - 2021 2. Business Review - 2021 – Genting Malaysia – Genting Singapore – Resorts World Las Vegas – Genting Plantations – Genting Energy 3. Sustainability 4. Looking Ahead 5. Pre-AGM Questions from MSWG and Shareholders Copyright © 2022 Genting Berhad 19680100031
Slide 3: Key Performance Highlights 2021
54th Annual General Meeting KEY PERFORMANCE HIGHLIGHTS 2021 Copyright © 2022 Genting Berhad 196801000315 (7916-A). All Rights Reserved. 54th AGM 3 June 2022 # 3
Slide 4: Group Financials
Group Financials Improved operating performance • Higher revenue, higher adjusted EBITDA • Loss attributable to equity holders - due mainly to pre-opening expenses of Resorts World Las Vegas (commenced operations on 24 June 2021) • Net dividend of 11 sen paid despite loss per share in 2021 Amount in
Slide 5: Group Financials – 5-year Summary
Group Financials – 5-year Summary • Improved performance in 2021, despite challenging operating environment • Proactive measures to strengthen businesses are ongoing to achieve pre-pandemic levels and more Revenue EBITDA Net Profit/Loss (RM billion) (RM billion) (RM billion) Y-O-Y Y-O-Y Y-O-Y Pre CO
Slide 6: Group Financials – Strong Balance Sheet
Group Financials – Strong Balance Sheet • Robust cash balance of RM23 billion • Optimal gearing ratio Total Assets Shareholders' equity Total Debt (RM billion) (RM billion) (RM billion) Y-O-Y Y-O-Y Y-O-Y Pre Covid-19 2019/20 2020/21 Pre Covid-19 2019/20 2020/21 Pre Covid-19 2019/20 2020/21 CAGR 2017
Slide 7: Genting Group – Globally diversified
Genting Group – Globally diversified • Leisure and hospitality remains key revenue and earnings contributor • Higher % contribution from US and UK leisure properties and Genting Plantations in 2021 Revenue by business segment EBITDA by business segment FY2021 [FY2020] FY2021 [FY2020] Leisure & Leisu
Slide 8: Group Financials – Dividends
Group Financials – Dividends Dividend Per Share (sen) 21.5 21.5 22.0 7.0 7.0 9.5 15.0 12.5 6.0 6.0 11.0 8.5 6.5 6.0 4.0 3.5 8.5 8.5 11.0 6.0 6.5 6.5 3.0 3.5 1.0 - - 2014 2015 2016 2017 2018 2019 2020 2021 Interim Final Special • FY2021 dividend yield: 2.4%* * Based on closing price as at 31 Dec 2021
Slide 9: Group Financials – Capital Commitments
Group Financials – Capital Commitments In RM million 31 Dec 2021 31 Dec 2020 YOY Genting Malaysia - Malaysia 2,077 1,880 10% - UK 59 92 -36% - US & Bahamas 911 1,261 -28% Genting Singapore 11,430 14,062 -19% RWS 2.0 project Genting Plantations - Malaysia 626 594 5% - Indonesia 1,136 1,058 7% Genting
Slide 10: Other Highlights
Other Highlights FY2021 Genting Berhad – Market Employing over Investments with Community Capitalisation 47,000 operations in investments RM18.0 billion people globally 9 countries RM15.4 as at 31 December 2021 across million + 5% + 4% 4 continents FY20: 17.2 billion FY20: 45,000 1.6 million MT Reso
Slide 11: Business Review 2021
54th Annual General Meeting BUSINESS REVIEW 2021 Copyright © 2021 2022 Genting Berhad 196801000315 (7916-A). All Rights Reserved. nd53th 5254th 54 AGM rdAGM AGM 322 AGM June 2 June 3 June 20222020 2022 2021 # 11 # 11
Slide 12: Leisure & Hospitality – Genting Malaysia Group
Leisure & Hospitality BUSINESS REVIEW GENTING MALAYSIA GROUP In RM million FY2021 FY2020 % Change Revenue 4,157 4,529 ↓8% Adjusted EBITDA 727 350 ↑>100% (operational earnings) Adjusted EBITDA Margin 17% 8% Net Profit / (Loss) After Tax (1,051) (2,362) ↑55% Genting Malaysia Group registered higher
Slide 13: Leisure & Hospitality – Malaysia Financials
Leisure & Hospitality BUSINESS REVIEW MALAYSIA – Financials In RM million FY2021 FY2020 Change One of Asia’s leading integrated resort destinations with ~10,500 rooms* Revenue 1,516.5 3,133.3 ↓52% Adjusted EBITDA 15.5 672.0 ↓>98 KEY STATISTICS – FY2021 Adjusted EBITDA margin 1% 21% % 5.1m 7.1m 90% M
Slide 14: Resorts World Genting
Leisure & Hospitality BUSINESS REVIEW Resorts World Genting Reopening of the resort on 30 September 2021 was well received Demand recovery further aided by full lifting of interstate travel restrictions from 11 October 2021 Focus on improving operational efficiency through re-engineered proces
Slide 15: US & Bahamas Financials
Leisure & Hospitality BUSINESS REVIEW US & BAHAMAS (include RWLV) – Financials In RM million FY2021 FY2020 Change Revenue 2,824.0 604.4 ↑>100% Adjusted EBITDA 630.5 (181.0) ↑>100% Adjusted EBITDA margin 22% n/a Strong recovery of US-based operations, driven by full lifting of mandated COVID-19 con
Slide 16: Resorts World New York City
Leisure & Hospitality BUSINESS REVIEW RESORTS WORLD NEW YORK CITY Its expansion is transforming Resorts World New York City into a premium integrated resort destination The first and only video gaming machine facility in New York City, USA The new 400-room Hyatt Regency JFK Airport at Resorts Wo
Slide 17: Empire Resorts, Inc
Leisure & Hospitality BUSINESS REVIEW EMPIRE RESORTS, INC 49%-owned via an associate company Operator of Resorts World Catskills 1 of 4 commercial gaming-licensed casinos in the New York State 150 live table games, ~1,600 video gaming machines (“VGMs”), over 400 rooms across 2 premium hotels
Slide 18: Resorts World Las Vegas
Leisure & Hospitality BUSINESS REVIEW RESORTS WORLD LAS VEGAS Wholly owned by Genting Berhad Since its opening on 24 June 2021, the resort recorded in 2021: revenue: USD361.8 million, EBITDA: USD54.4 million driven by strong casino and food and beverage operations 68% average hotel occupancy
Slide 19: Resorts World Las Vegas
Leisure & Hospitality BUSINESS REVIEW RESORTS WORLD LAS VEGAS Exceptional accommodation using new age technology 3,506 guest rooms and suites in 3 premium hotels (Las Vegas Hilton, Conrad Las Vegas and Crockfords Las Vegas) State-of-the-art casino – 117,000 square feet of gaming space Multiple
Slide 20: Genting Singapore
Leisure & Hospitality BUSINESS REVIEW GENTING SINGAPORE In RM million FY2021 FY2020 Change Revenue 3,285.4 3,047.8 ↑+8% Adjusted EBITDA 1,448.8 1,358.2 ↑+7% Adjusted EBITDA margin 44.1% 44.6% Resorts World Sentosa (“RWS”) The award-winning resort will continue to adapt and innovate to attract loca
Slide 21: RWS 2.0 Expansion Plan
Leisure & Hospitality RWS 2.0 EXPANSION PLAN PREPARING FOR POST-COVID TRAVEL INDUSTRY RWS 2.0 – SINGAPORE OCEANARIUM In support of Singapore’s latest Tourism Strategy First-of-its-kind Global-Asia in the world Fascinating Business Multiply the Oceanic Zones Tourism Hub WOW Industry-leading including
Slide 22: Genting Plantations
Plantation BUSINESS REVIEW GENTING PLANTATIONS In RM million FY2021 FY2020 Change Revenue 3,130.2 2,498.2 ↑25% EBITDA 1,022.2 590.0 ↑73% EBITDA margin 32.7% 23.6% Oil Palm Plantations One of Malaysia’s lowest cost oil palm producer with total landbank of 243,453 hectares Strong price rally - ave
Slide 23: Downstream Manufacturing & AgTech
Downstream Manufacturing & AgTech BUSINESS REVIEW Downstream Manufacturing Agriculture Technology (“AgTech”) Satisfactory performance (increase in revenue 10% and Biotechnology division renamed as AgTech to provide total solutions EBITDA 38%) despite operating under competitive for agriculture t
Slide 24: Property
Property BUSINESS REVIEW Property Premium Outlets® Positive property sales momentum (+55% year-on-year in 2021) Continue to focus efforts to bring in reputable brands amid low interest rate and extended Home Ownership Campaign Impacted by prolonged pandemic (share of joint-venture profit decli
Slide 25: Genting Energy – Power and Oil & Gas
Power and Oil & Gas BUSINESS REVIEW GENTING ENERGY In RM million FY2021 FY2020 Change Higher revenue mainly from Banten power plant (higher generation) Chengdaoxi oil block (stronger global crude oil prices) Revenue 1,403.9 1,262.1 11.2% EBITDA 662.4 635.1 4.3% Minor scheduled outage which took
Slide 26: Genting Energy – Power and Oil & Gas
Power and Oil & Gas BUSINESS REVIEW GENTING ENERGY Power Oil & Gas Chengdaoxi Block, China Banten power plant, Indonesia Stable performance – delivered ~2.8 million barrels of oil in 2021 Achieved more than 80% plant availability in 2021 (Genting Oil & Gas’ share was ~1.3 million barrels of oil)
Slide 27: Sustainability
54th Annual General Meeting SUSTAINABILITY Copyright © 2021 2022 Genting Berhad 196801000315 (7916-A). All Rights Reserved. nd53th 5254th 54 AGM rdAGM AGM 322 AGM June 2 June 3 June 20222020 2022 2021 # 27 # 27
Slide 28: Sustainability Reporting
Sustainability Reporting GENTING BERHAD Our Sustainability Agenda: to achieve sustainable growth by continuing to manage our global business investments in a sustainable and responsible manner As part of our sustainability reporting journey, we engaged an external sustainability consulting firm
Slide 29: Sustainability – Genting Malaysia
Sustainability GENTING MALAYSIA Sustainability is at the forefront of Genting Malaysia’s operations Genting Malaysia is a constituent of the FTSE4Good Index Series since June 2018, having demonstrated strong ESG Genting Malaysia contributes to global sustainable practices according to globally
Slide 30: Sustainability – Genting Singapore
Sustainability GENTING SINGAPORE Resorts World Sentosa aims to be a global leader in RWS – NUS Living Laboratory partnership (SGD10 million) Sustainable Tourism and achieve carbon neutrality Single largest institution-industry partnership in Singapore, with research by 2030 focus on: Biodivers
Slide 31: Sustainability – Resorts World Las Vegas
Sustainability RESORTS WORLD LAS VEGAS Committed to reduce the environmental impact and Adopting preventive measures to conserve the environment and reduce pollution. greenhouse gas emission while operating its business The resort advocates the 3R actions to reduce, reuse and recycle Sustainab
Slide 32: Sustainability – Genting Plantations
Sustainability GENTING PLANTATIONS Aligning its sustainability efforts to its Four- Conservation and Restoration Projects Pillared Sustainability Agenda and the United Tenegang Group of Estates, Sabah Nations Sustainability Development Goals, with Sustainability certifications three identified sus
Slide 33: Sustainability – Genting Energy
Sustainability GENTING ENERGY As power generation and oil and gas businesses naturally call for greater responsibility in managing the environmental impact from its operations, Genting Energy is committed to minimising pollution and protecting its surrounding operating environment India – Jangi
Slide 34: Life Sciences
Life Sciences BUSINESS REVIEW For the past decade, Genting has invested in life science companies that are in various stages of research and development for new treatments and new ways to improve our health and lifestyle. Companies In various phases of research and development: * TauRx Pharmaceuti
Slide 35: Awards
Awards BUSINESS REVIEW GENTING BERHAD GENTING SINGAPORE - Resorts World Sentosa • Global Community Leadership Award – Tan Sri Lim Kok Thay • Four Special Awards for Sustainability, Community Care Chairman & Chief Executive of Genting Berhad and developer of Resorts World - Business and Individuals,
Slide 36: Looking Ahead
Looking Ahead Our Group remains cautiously optimistic. The recovery of the global economy from the COVID-19 pandemic is expected to continue, supported by sustained progress in vaccination programmes world wide and the relaxation of containment measures, as the COVID-19 virus becomes endemic.
Slide 37: MSWG and Responses
54th Annual General Meeting PRE-AGM QUESTIONS FROM THE MINORITY SHAREHOLDERS WATCH GROUP (“MSWG”) AND RESPONSES Copyright © 2022 Genting Berhad 196801000315 (7916-A). All Rights Reserved. 54th AGM 3 June 2022 # 37
Slide 38: MSWG Q1: Downstream manufacturing and biodiesel
54th Annual General Meeting PRE-AGM QUESTIONS FROM MSWG & RESPONSES: PART 1: OPERATIONAL AND FINANCIAL MATTERS Question 1: The downstream manufacturing business faced a challenging year as the bullish palm oil prices resulted in unfavourable palm oil-gas oil spread that impacted the export sales of
Slide 39: MSWG Q2: Life science investments
54th Annual General Meeting PRE-AGM QUESTIONS FROM MSWG & RESPONSES: PART 1: OPERATIONAL AND FINANCIAL MATTERS Question 2: Genting’s investments in life science companies such as Genting TauRx Diagnostics Centre Sdn Bhd (“GT Diagnostics”), TauRx Pharmaceuticals Ltd (“TauRx”), Celularity Inc. and DNA
Slide 40: MSWG Q3: USD bond cost of funds
54th Annual General Meeting PRE-AGM QUESTIONS FROM MSWG & RESPONSES: PART 1: OPERATIONAL AND FINANCIAL MATTERS Question 3: Genting Malaysia in strengthening its balance sheet had successfully raised USD1.0 billion in a maiden USD- denominated bond issuance in April 2021 to refinance existing indebte
Slide 41: MSWG Q4: Property division and landbank
54th Annual General Meeting PRE-AGM QUESTIONS FROM MSWG & RESPONSES: PART 1: OPERATIONAL AND FINANCIAL MATTERS Question 4: Higher revenue from the Property Division was mainly due to the disposal of land by Genting Malaysia. (page 32 of AR 2021) a) What is the estimated total Gross Development Value
Slide 42: MSWG Q5: Kasuri block development
54th Annual General Meeting PRE-AGM QUESTIONS FROM MSWG & RESPONSES: PART 1: OPERATIONAL AND FINANCIAL MATTERS Question 5: Following the approval from the Ministry of Energy and Mineral Resources of Indonesia on the Plan of Development for the Kasuri block, the progress of the front-end engineering
Slide 43: MSWG Q6: Glycerine demand
54th Annual General Meeting PRE-AGM QUESTIONS FROM MSWG & RESPONSES: PART 1: OPERATIONAL AND FINANCIAL MATTERS Question 6: With the limited production of biodiesel globally, glycerine, which is a by-product of biodiesel, encountered a situation of tremendous tight supply coupled with increased deman
Slide 44: MSWG Q7: AgTech division achievements
54th Annual General Meeting PRE-AGM QUESTIONS FROM MSWG & RESPONSES: PART 1: OPERATIONAL AND FINANCIAL MATTERS Question 7: With the adoption of big data, artificial intelligence (“AI”) and precision agriculture, the Agriculture Technology (“AgTech”) division is envisaged to provide total solutions a
Slide 45: MSWG Q7 (continued): AgTech external revenue
54th Annual General Meeting PRE-AGM QUESTIONS FROM MSWG & RESPONSES: PART 1: OPERATIONAL AND FINANCIAL MATTERS Question 7: (continued) (b) Does the division also cater for external parties to generate revenue and profits? Response: Yes, planning is underway to commercialise both the high yielding pl
Slide 46: MSWG Governance Q1: Executive remuneration
54th Annual General Meeting PRE-AGM QUESTIONS FROM MSWG & RESPONSES: PART 2: CORPORATE GOVERNANCE MATTERS Question 1: In FY 2021, the Group still suffered a Loss attributable to Equity holders of the Company of RM1,369.7 million which is higher than the loss of RM1,024.2 million in FY 2020. Under su
Slide 47: MSWG Governance Q1 (continued): Response
54th Annual General Meeting PRE-AGM QUESTIONS FROM MSWG & RESPONSES: PART 2: CORPORATE GOVERNANCE MATTERS Question 1: (continued) Response: The remuneration packages of Executive Directors relate to the Group. At Company level, there is no increment nor bonuses awarded to the Executive Directors. Th
Slide 48: MSWG Governance Q2: Independent director tenure
54th Annual General Meeting PRE-AGM QUESTIONS FROM MSWG & RESPONSES: PART 2: CORPORATE GOVERNANCE MATTERS Question 2: Practice 5.3 - The tenure of an independent director does not exceed a cumulative term limit of nine years. Upon completion of the nine years, an independent director may continue to
Slide 49: MSWG Governance Q2 (continued): Response
54th Annual General Meeting PRE-AGM QUESTIONS FROM MSWG & RESPONSES: PART 2: CORPORATE GOVERNANCE MATTERS Question 2: (continued) Response: Implementation of these recommendations under the Malaysian Code on Corporate Governance needs to be considered taking into account the complexities of a multi-
Slide 50: MSWG Governance Q3: Code practices
54th Annual General Meeting PRE-AGM QUESTIONS FROM MSWG & RESPONSES: PART 2: CORPORATE GOVERNANCE MATTERS Question 3: Practice 1.3 - The positions of Chairman and CEO are held by different individuals. Practice 4.4 - Performance evaluations of the board and senior management include a review of the
Slide 51: MSWG Governance Q3 (continued): Response
54th Annual General Meeting PRE-AGM QUESTIONS FROM MSWG & RESPONSES: PART 2: CORPORATE GOVERNANCE MATTERS Question 3: (continued) Response: Practices 1.3, 4.4, 5.3, 5.6, 5.9 and 5.10:- Implementation of these recommendations under the Malaysian Code on Corporate Governance need to be considered taki
Slide 52: Pre-AGM Questions from Shareholders and Responses
54th Annual General Meeting PRE- AGM QUESTIONS FROM THE SHAREHOLDERS AND RESPONSES Copyright © 2022 Genting Berhad 196801000315 (7916-A). All Rights Reserved. 54th AGM 3 June 2022 # 52
Slide 53: Shareholder Q1: Dividends
54th Annual General Meeting PRE-AGM QUESTIONS FROM SHAREHOLDERS & RESPONSES: 1. Dividends Questions: a) Will this year’s dividend be more that last year’s (FY2021)? b) Is it possible to give shares as dividend? Response: a) Proposed dividends are discussed and deliberated by the Board of Directors w
Slide 54: Shareholder Q2: CEO/Chairman's salary
54th Annual General Meeting PRE-AGM QUESTIONS FROM SHAREHOLDERS & RESPONSES: 2. CEO/Chairman’s salary Question: I wish to enquire about the high salary of the CEO/Chairman. Can the CEO/Chairman’s salary be justified ? We are about a RM 20 billion company and the CEO/Chairman’s salary is about RM70 m
Slide 55: Shareholder Q3: COVID-19 pandemic
54th Annual General Meeting PRE-AGM QUESTIONS FROM SHAREHOLDERS & RESPONSES: 3. COVID-19 pandemic Question: Did the company get any help from the government’s Covid-19 stimulus package during 2021/2022? Response: Yes, the Malaysian Government’s COVID-19 stimulus package such as wage subsidy programm
Slide 56: Shareholder Q4: Inflationary risk
54th Annual General Meeting PRE-AGM QUESTIONS FROM SHAREHOLDERS & RESPONSES: 4. Inflationary risk Question: Can you highlight on the inflationary pressure that the Group is facing and the inflationary forecast for the year; and how it will affect “top and bottom” lines? Response: The inflationary pr
Slide 57: Shareholder Q5: Growth strategies
54th Annual General Meeting PRE-AGM QUESTIONS FROM SHAREHOLDERS & RESPONSES: 5. Growth strategies Question: We noticed that the company’s growth and business sentiment have declined through these 6 years. What are the strategies to remain sustainable and improve revenue generation in the upcoming 5
Slide 58: Shareholder Q6: Capital structure
54th Annual General Meeting PRE-AGM QUESTIONS FROM SHAREHOLDERS & RESPONSES: 6. Capital Structure Question: What is the management team’s strategy in managing capital structure? As the central banks around the world are raising rates, will that impact the bottom line of the company? Response: Increa
Slide 59: Shareholder Q7: Online gaming
54th Annual General Meeting PRE-AGM QUESTIONS FROM SHAREHOLDERS & RESPONSES: 7. Online gaming Question: Any timeline to introduce online gaming platform in more countries? Response: Online gaming is of significant interest to the Group. Management is looking at present marketplace and opportunities
Slide 60: Shareholder Q8: 5G network
54th Annual General Meeting PRE-AGM QUESTIONS FROM SHAREHOLDERS & RESPONSES: 8. 5G network Question: How can the company leverage on the upcoming 5G network rollout to improve products/services/business processes? Response: We are evaluating and reviewing our existing IT network infrastructure to in
Slide 61: Shareholder Q9: Resorts World Las Vegas
54th Annual General Meeting PRE-AGM QUESTIONS FROM SHAREHOLDERS & RESPONSES: 9. Resorts World Las Vegas (“RWLV”) Question: How is the performance of RWLV and what is its outlook? Any listing plans? Has RWLV achieved break-even, if not, when will it be ? Response: RWLV’s revenue and EBITDA were affec
Slide 62: Shareholder Q10: Oil & Gas
54th Annual General Meeting PRE-AGM QUESTIONS FROM SHAREHOLDERS & RESPONSES: 10. Oil & Gas Questions: a) Referring to the 2021 Annual Report, Note 20 (page 162), the concession period for Kasuri PSC will end in year 2038 (16 years from now). With expected production of only 170 mcf/d, how is GOKPL g
Slide 63: Shareholder Q11: New casino licence
54th Annual General Meeting PRE-AGM QUESTIONS FROM SHAREHOLDERS & RESPONSES: 11. New casino licence Question: Is there any plan to secure the possible casino license in Thailand? If Genting fails to get the permit to operate casino in Thailand, will it cause a big impact towards Malaysia’s casino bu
Slide 64: Shareholder Q12: Long term stay
54th Annual General Meeting PRE-AGM QUESTIONS FROM SHAREHOLDERS & RESPONSES: 12. Long term stay Question: Can Genting consider providing affordable packages for people intending to stay long-term at Genting premises? Response: Thank you for your valuable feedback. We will convey your feedback to our
Slide 65: Shareholder Q13: IT applications and services
54th Annual General Meeting PRE-AGM QUESTIONS FROM SHAREHOLDERS & RESPONSES: 13. IT applications and services Question: We have received comments on operational matters such as on IT application and services at Genting’s leisure premises in Malaysia. Response: Thank you for your valuable comments an
Slide 66: Shareholder Q14: Cash and cash equivalent
54th Annual General Meeting PRE-AGM QUESTIONS FROM SHAREHOLDERS & RESPONSES: 14. Cash and cash equivalent Question: The group cash & cash equivalent for 31/3/22 amounted to RM22,581 million, a drop of RM3 billion from 2020. What causes the drop in cash balance and what is the return and the negative
Slide 67: Shareholder Q15: Borrowings
54th Annual General Meeting PRE-AGM QUESTIONS FROM SHAREHOLDERS & RESPONSES: 15. Borrowings Question: The borrowings of the Group for 2021 amounted to RM39.8 billion, an increase of RM4 billion. Please explain the increase. With high borrowings and current environment of increasing interest rates, p
Slide 68: Shareholder Q16: Interest rate of borrowing
54th Annual General Meeting PRE-AGM QUESTIONS FROM SHAREHOLDERS & RESPONSES: 16. Interest rate of borrowing Question: The interest rate of borrowing is between 0.7% to 9.3% as per note 37. The rate of 9.3% is high compared to the current low interest rate situation. What is the credit rating of Gent
Slide 69: Shareholder Q17: Capital commitment
54th Annual General Meeting PRE-AGM QUESTIONS FROM SHAREHOLDERS & RESPONSES: 17. Capital Commitment Question: The capital commitment for 2021 is relatively high, amounted to RM16.6 billion. What are the sources of funding for the investments and the target return on invested capital? Response: The G
Slide 70: Shareholder Q18: Virtual AGM
54th Annual General Meeting PRE-AGM QUESTIONS FROM SHAREHOLDERS & RESPONSES: 18. Virtual AGM Question: How much does the company spend on this virtual AGM ? When will the company revert to physical meeting in view of Covid-19 is now under control? Response: The amount spent for virtual AGM is not si
Slide 71: Shareholder Q19: AGM door gifts
54th Annual General Meeting PRE-AGM QUESTIONS FROM SHAREHOLDERS & RESPONSES: 19. AGM door gifts Question: We have received questions from shareholders requesting for participation or door gifts such as e-vouchers, e- coupons or e-wallet credits as a token of appreciation for attending this virtual A
Slide 72: End of CFO Presentation
54th Annual General Meeting End of CFO Presentation Disclaimer Some of the statements made in this presentation which are not statements of historical facts are forward-looking statements and are based on the current beliefs, assumptions, expectations, estimates, objectives and projections of the di