Initiatives Achievements • Financial Stability: Optimised capital structure and working capital to enhance financial stability. • Cost Efficiency: Implemented cost optimisation measures to improve operational efficiency. • Procurement Transparency: Strengthened procurement processes to enhance transparency and cost control. • Asset Management: Maintained asset and investment quality to ensure long-term value creation. • Revenue: RM22,158 million • Profit Before Zakat and Taxation (PBZT): RM566 million • Return on Capital Employed: 5.5% • Gearing Ratio: 49% FINANCIAL MANAGEMENT & COST OPTIMISATION Key Focus Areas Strategic Capital Deployment • Rationalise bleeding and non-core assets to improve financial efficiency. • Optimise the capital structure to maintain a strong corporate rating. • Focus on short to medium-term returns on investment for financing activities. • Implement a turnaround strategy for MSM Malaysia Holdings Berhad. Strengthening financial resilience by rationalising non-core assets, optimising capital structure, and implementing turnaround plans for underperforming segments to ensure long-term value creation. • Optimise costs and assets to enhance financial efficiency. • Streamline financial and operational processes through the integration of advanced digital platforms. • Leverage predictive analytics to enable smarter decision-making and improve efficiency. Make strategic financial decisions by analysing market trends, risks, and opportunities while ensuring compliance with regulatory standards to drive long-term growth and maintain stakeholder trust. Short to Medium-Term Priorities Long-Term Priorities Strategic Thrusts: Material Matters: SDGs: BD TR CG OE Financial Capital: Strengthens capital allocation discipline, asset optimisation, and working capital management to enhance profitability. Social and Relationship Capital: Reinforces investor confidence through transparent financial reporting, governance frameworks, and regulatory compliance. Human Capital: Strengthens financial acumen across key teams to ensure efficient budgeting, cost control, and investment decisionmaking. 62 FGV Holdings Berhad | Annual Integrated Report 2024 Strategic Performance Review
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