Professional Documents
Culture Documents
July 2022
2
Group
Overview
Yinson At A Glance
TOP TIER
Business Divisions
YINSON YINSON YINSON REGULUS
PRODUCTION RENEWABLES GREENTECH OFFSHORE
OFFSHORE PRODUCTION DIVISION RENEWABLES DIVISION GREEN TECHNOLOGIES DIVISION OFFSHORE MARINE DIVISION
4
Group
Overview
Our Global Presence
NORWAY
Oslo
Offshore Operations Headquarters
Renewables Headquarters
UNITED KINGDOM
London
Office
UNITED STATES
Houston
Marketing Representation
NETHERLANDS
The Hague
Office
INDIA
New Delhi
Office
Rising Bhadla 1&2 Solar Plants
Nokh Project*
VIETNAM
ITALY Ho Chi Minh City
Renewables Development Marketing Representation
FPSO PTSC Lam Son
FSO PTSC Bien Dong 01
COLOMBIA
Renewables Development SINGAPORE
Offshore Projects Headquarters
Green Technologies Headquarters
PERU
Renewables Development
MALAYSIA
Miri
Office
FPSO Helang
CHILE GHANA
Renewables Development Accra & Takoradi
Office
FPSO John Agyekum Kufuor
NEW ZEALAND
Renewables Development
BRAZIL
Rio de Janeiro
Office
FPSO Anna Nery*
FPSO Maria Quitéria# NIGERIA
FPSO Atlanta# Port Harcourt
Renewables Development
Office MALAYSIA
FPSO Adoon Kuala Lumpur
FPSO Abigail-Joseph ANGOLA
Global Headquarters
Luanda Renewables Development
Marketing Representation
Our Transformation 4
3
2019 TO PRESENT
2 ENERGY
2014 - 2018
INFRASTRUCTURE
AND TECHNOLOGY
1 FULL SCALE C O M PA N Y
2011 - 2013 EXECUTION AND
S E RV I C E F P S O Established Renewables and
6
Group
Overview
CORE VALUES
7
Group
Overview
VISION
Yinson’s Strategic
Framework and Edge
8
Group
Overview
• Carbon offsets
YINSON • Infrastructure partners
PRODUCTION • Offshore wind • Mooring
YINSON
• Supply chain RENEWABLES
Potential REGULUS • Project management
OFFSHORE • Shared digitalisation platforms
synergies • Research and development
between •
•
Asset lifecycle management
Yinson’s
Shared corporate experience
• Marine • Battery
technologies • Data/ cloud storage technology
business • 3D printing
solutions for
• Project operations
• Electrification
• Microgrid
technology
• Carbon
• Wind turbine
technology
curtailment
technology
YINSON
GREENTECH
9
Group
Overview
Board of Directors
Lim Han Weng Lim Chern Yuan Dato’ (Dr.) Wee Hoe Bah Kim Lian Dato’ Mohamad Nasir Rohaya Binti
Group Executive Chairman Group Chief Executive Soon @ Gooi Hoe Soon Non-Independent Bin AB Latif Mohammad Yusof
and Non-Independent Officer and Non-Independent Senior Independent Executive Director Independent Non-Independent
Executive Director Executive Director Non-Executive Director Non-Executive Director Non-Executive Director
Datuk Abdullah Raja Datuk Zaharaton Sharifah Munira Bt. Lim Han Joeh Gregory Lee
Bin Karim Binti Raja Zainal Abidin Syed Zaid Albar Non-Independent Non-Executive Independent
Independent Non-Executive Independent Independent Director Non-Executive Director
Director Non-Executive Director Non-Executive Director
Independent director
10
Group
Overview
Strong And Experienced Non-Executive Board Members
EPF investment panel member
Dato’ Wee Hoe Soon Director of Securities Commission
@ Gooi Hoe Soon Chairman of Perstima Berhad
Finance 82
Chairman of Red Ideas Holdings Berhad
years of combined financial experience
Chairman of Investment Panel, KWAP
Dato’ Mohamad
Former Deputy Chief Executive Officer
Investment 88 Nasir bin AB Latif
(Investment), EPF
years of combined investment experience
Chief Investment Officer, EPF
Rohaya binti
39 Mohammad Yusof Chairman of Institutional Investors Council
Engineering years of combined engineering experience
Malaysia
Former President/ CEO of Petronas Carigali
Datuk Abdullah
bin Karim Former Vice President and Venture Director
Policy & 46 of Domestic LNG projects, Petronas Carigali
Governance years of combined policy & governance experience
Raja Datuk
Former Director General of Economic
Zaharaton binti Raja
14 Planning Unit
Legal Zainal Abidin
years of combined legal experience
Lim Chern Yuan Daniel Bong Eirik Barclay Andrew Choy Guillaume Jest Louisa Brady
Group Chief Executive Officer Group Chief Strategy Officer and Group Executive Vice President, General Counsel, Group Legal Group Chief Financial Officer Group HR Director
and Executive Director Head of Group Corporate Advisory New Ventures and Technology
Dato’ Mohamed
Flemming Grønnegaard Rolf Marthin Normann David Brunt Lim Chern Wooi
Sabri Zain
Chief Executive Officer, Chief Operations Officer, Chief Executive Officer, Chief Executive Officer,
Offshore Production Offshore Production Renewables Chief Executive Officer, Offshore Marine
Yinson Energy
12
Group
• 8th together with Sumitomo held a grand naming ceremony • 12th Formed joint venture with Plus Xnergy to • 14th Completion of 1-for-1 Bonus Issue.
for FPSO Anna Nery develop and implement commercial and • 20th Won Silver in The 7th Asia
• 21st Rights Issue announcement: oversubscribed by 22.31%. industrial and industrial rooftop solar Integrated Reporting Awards 2021.
RM1.19 billion capital raised from the corporate exercise. photovoltaic projects in Malaysia.
• Awarded “ Most Honored Company” for Institutional Investor's • 18th Recognised for sustainability efforts at The
2022 All-Asia Executive Team Rankings and received first Global Good Governance Awards 2022.
place ranking in all 5 categories under the Asia Small & • 31st Released Annual Report 2022: Purpose
Midcap table. Driven.
• 28th Completion of rights shares listing on the Main Market of
Bursa Malaysia Securities Berhad.
• 8th Acquired two late-stage wind development • 7th Signed firm contracts with • 22nd Formed a joint venture with • 1st FPSO PTSC Lam Son bareboat
projects in Brazil. Petrobras for the charter, GTMA to accelerate the charter contract automatically
• 16th Awarded the BPAM Bond Markets Awards operations and maintenance of development of EV charging extended for a further 6 months.
2022 in the ESG Top Issuance category for the FPSO Maria Quitéria in Brazil. infrastructure in Malaysia. • 10th Donated 7 units of oxygen
year 2021. • 21st Signed firm contracts with • Acquired two renewable energy concentrators to the Zanskar Health
• 29th Held an Extraordinary General Meeting Enauta for the provision, generation projects with an Care and Sowa Rigpa Research
and received approval from shareholders on 1- operation and maintenance of expected combined installed Institute in Ladakh, India.
for-1 Bonus Issue and renounceable Rights FPSO Atlanta in Brazil. capacity of 486 MW in Brazil.
Issue.
13
Capital
Strategy &
Capital Strategy Financial
Performance
14
Capital
Strategy &
83.5x Market capitalisation appreciation since 2011 Financial
Performance
8 18
7 Rights proceeds 16
raised: RM0.57 billion
6 14
Market Capitalisation (RM billion)
5 12
Rights proceeds Rights proceeds
raised: RM0.09 billion raised: RM1.19 billion 10
4
8
Dividend (RM)
3
6
2
4
1 2
0 0
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 (Jun)
FSO FPSO FPSO FPSO FPSO FPSO FPSO FPSO FPSO
Bien Lam Adoon JAK Helang Abigail Anna Maria Atlanta
Dong Son Joseph Nery Quiteria
01 FPSO Allan
Bhadla Nokh
Petroleo 1&2 Project
Nautipa
15
Capital
Strategy &
Financial
16
Capital
Financial Performance (Q1’FYE2023) Strategy &
Financial
Performance
REVENUE PATAMI CORE PAT
Q1'FYE2022 Q1'FYE2023 Q1'FYE2022 Q1'FYE2023 Q1'FYE2022 Q1'FYE2023
7% 15%
1% RM112
RM120
million
RM149
million
RM126
million million
RM992 RM1,005
million million
1% 8% 10%
RM1,027 RM1,018 RM385
million million RM357 million 5.6 sen
million 5.1 sen
17
Capital
Q1 Q1 Q1
FYE 20221
FYE 2022 FYE 2023 FYE 2023
Profit After Tax 145 139 Net Debt to EBITDA (times) 4.20 3.95
Total Assets 15,205 16,849 Adjusted Net Debt to EBITDA3 (times) 3.88 3.77
Note:
1: According to the Record of Depositors as at 31 May 2022.
KWAP
8.71%
19
Yinson’s investment into the energy transition
reliable energy by
Share of fossil-based energy embracing the evolving
sources will decrease, but still remain energy mix.
by source
dominant
YGT continues to
strengthen the clean
ecosystem that utilises
energy from the energy
mix.
Current 2050 20
ESG &
Sustainability
Yinson's Climate Goals
21
ESG &
Sustainability
22
ESG &
23
ESG &
Sustainability
Recent Progress in ESG Excellence
Became TCFD Supporter Improved ESG Risk Rating BPAM Bond Market Awards 2022
Achieved: 21.7
Was: 29.7 ESG (Environmental, Social and
Governance) Top Issuance category for
year 2021
24
ESG &
Sustainability
Yinson is the among the top performers in Sustainability
(from 29.7)
25
ESG &
Yinson’s Corporate Social Responsibility activities are Sustainability
a reflection of our commitments to seven United
Nations Sustainable Development Goals
Classroom block and library renovations Yinson Scholars Programme Off-grid rooftop solar system Dive clean-up at Barracuda Point, Miri
Covid-19 Response: PPE Donation Futurestars Yinson Welding Training Centre Covid-19 Response: Equipment Donation Sustainable Garden Project
University Scholarship Donations ICT Literacy Improvement Initiative Teach for Malaysia School Furniture Donations Covid-19 Response: Laptop Donation
26
Yinson
Production
Yinson Production
PURPOSE
To design, construct, and operate industry-leading production assets for the offshore
oil and gas industry towards improving global access to stable and affordable energy.
STRATEGY
SHORT TO MEDIUM
TERM (1-5 YEARS)
Continuous
development of asset Optimise capital Continuously evaluate
portfolio to create structure and expand effectiveness of supply
strong order book liquidity pool to capture chain and project
and stable cashflows market opportunities execution philosophy
27
Yinson
Production
Yinson
Production Scan here to view
Assets, Track
Record and
Orderbook
28
Long-Term Charter Contracts On order
Firm period
Yinson
Yinson
Production
Production
Strong existing order book underpinned by long term contracts across FPSO & FSO units. Division
Options period
FPSO & FSO Orderbook over firm and option period ~USD 16.65 billion3 as of 30 June 2022.
Counterparty: Year /
2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044
Vessel
FPSO Until
Oct
Adoon ’22
FPSO PTSC
Until Jun
Lam Son1 2023
(49%)
FPSO John
Agyekum Until Jun 2032 Up to 5 years
Kufuor
FPSO
Helang Until Dec 2027 Up to 10 years
FPSO
Abigail- Until Oct 2027 Up to 8 years
Joseph
FPSO Anna
Nery
Until Q1 2048
FPSO Until Q1
2026
Until Q1 2039 Up to 5 years
Atlanta2
¹ On 30 June 2022, PTSC AP entered into an addendum no. 02 to the BBC Charter Contract with PTSC to extend the tenure of the BBC Charter Contract for a further period of twelve (12) months from 1 July 2022 to 30 June 2023.
2 FPSO to be renamed in the future. The EPCI and 2-year O&M LOI signed with Enauta on 17 December 2021 contains a call option, exercisable by Yinson, for a 15-year Time Charter contract with a further extension period of up to 5 years.
3 Should Yinson NOT exercise the call option with Enauta, the orderbook will be ~USD 15.17 billion as of 30 June 2022. 29
Yinson
Production
Strong Counterparties
• Baa1 Moody’s (Eni SpA) • Recognised by the Federal • Recognised as the second-
• A1 Moody’s (Sinopec)
• A- S&P and Fitch (Eni SpA) Ministry of Petroleum best Brazilian company in the
• A+ S&P and Fitch (Sinopec)
• Eni Ghana is a subsidiary of Resources as ‘Most Compliant oil and gas sector by Anuário
• Addax Petroleum is a
Eni SpA Nigeria Content Oil Company’ Valor 1000 in 2019
subsidiary of Sinopec
30
Yinson
Production
Overview
Yinson specialises in the provision of integrated
services for Floating, Production, Storage,
Offloading (FPSO) and Floating, Storage and Scan here to find out
‘How an FPSO works’ by taking a tour
Offloading (FSO) units to meet the demands of
onboard FPSO Abigail-Joseph
the oil and gas industry.
31
Yinson
Industry-Leading Safety And Operational Performance Production
Technical uptime
99.7% Q1 Q2
FYE 2019
Q3 Q4 Q1 Q2
FYE 2020
Q3 Q4 Q1
Technical uptime
FYE 2021
Q2 Q3 Q4 Q1 Q2
FYE 2022
Q3 Q4
FYE 2023
Q1
3232
Yinson
Yinson Renewables Renewables
PURPOSE
To be a leading global developer and IPP, contributing to the global energy transition
towards a sustainable energy system and delivering long term value to our stakeholders.
STRATEGY
SHORT TO MEDIUM
TERM (1-5 YEARS)
33
Yinson
Strong contracted revenue underpinned by long-term Renewables
contracts
Contracted revenues from power purchase agreements:
• Rising Bhadla 1 & 2 ~ USD329 million (~INR24 billion) as of 30 June 2022.
• Nokh ~ USD364 million (~INR27 billion) as of 30 June 2022.
Asset 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048
Rising
Bhadla Until 2042
1&2
COUNTERPARTY
34
Yinson
Renewables Global Pipeline Activity Renewables
SPAIN
Early-stage feasibility Vietnam
Opportunities being explored
India
Bhadla Operational project,
Nokh under construction +
Tender opportunities Philippines
Opportunities being explored
Indonesia
Chile, Peru, Colombia Opportunities being explored Malaysia
400 MW+ under development; additional C&I rooftop solar
projects being secured Brazil
Wind sites under
development
(486MW). Additional
opportunities being
explored
New Zealand
Scan here to view our Wind sites under development &
Renewables Assets investigation. 400MW+
under operations and
construction
35
Yinson
Renewables Projects Pipeline Renewables
2 – 5 years to COD
6 – 18 months to COD
1000
212
Solar Wind Hydro
New
Brazil Chile Colombia India Italy Malaysia Peru Spain Vietnam
Zealand 36
Yinson
Renewables Projects Pipeline Renewables
Indicative measures of value, spend and risk of a typical renewables project over time
FID
Value/Multiple
Cumulative Spend
Risk of Fail
Timeline
37
Yinson
Yinson GreenTech GreenTech
PURPOSE
To build a profitable global business, which, through investments in green
technologies, accelerates the transition to a net zero world.
STRATEGY
SHORT TO MEDIUM
TERM (1-5 YEARS)
Invest in strategic green tech Relentlessly drive innovation, Serve commercial and
companies to develop assets aligned with government industrial customers
within the marine, mobility and incentives and industry supporting their own net zero
energy segments trends ambitions
(6-10 YEARS)
LONG TERM
Work with like-minded partners Establish Yinson as a Develop a net zero solutions
to accelerate growth and attract recognised brand within net zero platform capable of adapting
investment capital tech and businesses and incorporating novel
technologies
38
Yinson
GreenTech
Business segments
Technology segments
Strategic Investments
40
Yinson
GreenTech
R&D Programmes
In Progress…
PURPOSE
STRATEGY
SHORT TO MEDIUM
TERM (1-5 YEARS)
Achieve strong utilization rate Adopt industry best practices Streamline business and seek
through active client to meet safety and synergistic mergers for value
engagement operational targets creation
(6-10 YEARS)
LONG TERM
43
Regulus
Offshore
Scan here to
view our assets
Regulus
Offshore
Assets
42
Thank you
Angola | Brazil | Chile | Colombia | Ghana | India | Italy |
Malaysia | Netherlands | New Zealand | Nigeria | Norway
| Peru | Singapore | UK | USA | Vietnam
www.yinson.com