Annual Report 2023/24

ACL Cables PLC is proud to be Sri Lanka's largest electric cable manufacturer, and as pioneers of the industry, throughout six decades in the field, refined our craft to become a specialized manufacturer and supplier of the widest range of quality cables and conductors in Sri Lanka.

In the year under review, we have taken a bold step towards promoting and ensuring energy conservation, with the introduction of our brand new energy-saving cable range and with our focused efforts to take on the competition in chosen markets, and remain inventive, incredible and invincible throughout trials and tribulations.

As we set our sights on the future of the planet, of society and of our company, we recognize with responsibility our entrenched duty towards streamlining energy consumption in service of a brighter tomorrow, and we acknowledge with pride our privileged position in transforming the norms of energy consumption within Sri Lanka.

With that responsibility firmly placed at the centre of our operations, we reflect on a

year spent powering the future and wire ourselves in position at the top of

the industry in the years to come.

CONTENT

04 About Us

06 About this Report

1. Group Financial Highlights

1. Milestones

1. Management Discussion and Analysis

1. Segmental Review

1. Financial Capital

1. Human Capital

1. Intellectual Capital

1. Social and Relationship Capital

1. Manufactured Capital

1. Environment Capital

1. Stakeholder Engagement
2. Determining Materiality
3. Chairman's Message

1. Managing Director's Report

1. Board of Directors

1. Management Team

1. Product Portfolio

1. Corporate Social Responsibility at ACL Cables

1. Awards & Certifications

1. Group Structure

1. Risk Management

1. Chairman's Statement on Corporate Governance
2. Corporate Governance

1. Director's Statement on Internal Controls
2. Senior Independent Director's Report

PAGE 60

AWARDS & CERTIFICATIONS

PAGE 38

CHAIRMAN'S MESSAGE

ABOUT US

ACL Cables PLC stands as the leading cable manufacturer in Sri Lanka, known for its high-quality products and innovative solutions in the electrical industry. With a strong focus on customer satisfaction and sustainability, ACL Cables PLC has established itself as a trusted brand in the market. The company's commitment to excellence and continuous improvement has enabled it to maintain a competitive edge in the industry. Overall, ACL Cables PLC is dedicated to provide reliable and safe electrical solutions to meet the needs of its customers.

VISION

• To be the preferred brand of electric cables in the region, whilst strengthening the dominant position in Sri Lanka.

MISSION

• To expand our range of products and services in the fields of electrification.

• To be the most competitive in chosen global markets and to achieve continuous growth.

• To create an environment that will inculcate a feeling of ownership in our people and their families.

• To create a Company that will be in the forefront of technology and win the admiration of our customers, suppliers, shareholders and the community.

VALUES

We strive to do our best for our stakeholders in the following ways;

CUSTOMERS

• We reach out to our customers and give them a fair deal.

• We build enduring customer relationships without trying to maximize short term profits.

• We always make it easier for customers to do business with us.

• We communicate regularly with our customers.
• We never forget to say "thank you".

PEOPLE

• We respect each other as individuals and motivate our

people to work as a team.

• We provide opportunities for personal and professional development.

• We recognize and reward individual initiative and performance of our people.
• We inculcate family culture and togetherness.

SUPPLIERS

• We treat our suppliers as valuable business partners and maintain a mutually beneficial relationship.

SHAREHOLDERS

• We ensure superior returns to our shareholders through

sustained growth of profitability.

COMMUNITY

• We carry out our activities in an environment friendly

manner, contributing towards a safer and healthier community.

• We maintain ethical standards.

SCOPE AND BOUNDARIES

ACL Cables PLC (Company) and its subsidiaries (hereinafter referred to as "Group") is proud to present herewith its 62nd Annual Report

which provides a succinct view of its performance using financial, social and governance information during the year. This Report

covers the operations of the ACL Group for the period from 01 April 2023 to 31 March 2024 and builds on the Group's previous

annual reporting cycle for the period ended 31 March 2023. The financial and non-financial information presented herein represents consolidated figures for the Company and its subsidiaries unless otherwise stated. The information related to the previous period has not been restated during this period unless otherwise stated.

Available Online

GROUP FINANCIAL HIGHLIGHTS