Corporate Brochure 2021

MMC CORPORATION BERHAD
CORPORATE BROCHURE
ANNUAL REPORT 2020
RESILIENCE THROUGH OPERATIONAL EXCELLENCE
RESILIENCE THROUGH OPERATIONAL EXCELLENCE

CORPORATE BROCHURE
Governance Sustainability Report Financial Statements Additional Information AGM Information
CORPORATE OVERVIEW
MMC CORPORATION BERHAD is a leading utilities

and infrastructure group with diversified businesses
in Malaysia and abroad
Our Vision Our Mission

To be a Premier Utilities and Excellence in our
Infrastructure Group Core Business Segments
We are driven by a commitment to t .BYJNJTFTIBSFIPMEFSWBMVF
build a better world for all t 4FSWJDFFYDFMMFODFUPTUBLFIPMEFST
t -FBEJOWBMVFJOOPWBUJPO
t Be the preferred employer
We serve our stakeholders with a steadfast

commitment to excellence
Our Core Values
I N T E C
Integrity Innovation Teamwork Excellence
Our actions are guided by our core values, setting standards in the way we work
Commitment
The Value We Create

We drive the We build
nation’s growth We masterplan
We connect infrastructures
and progress by the growth of
people, goods that afford our
providing energy, industries that
and businesses society the
gas and water drive the nation’s
across the globe convenience they
for homes and economy
enjoy today
industries
Together, the scale of our operations makes us one of Malaysia’s key players in nation building
Annual Report 2020 001

003
CORPORATE BROCHURE
Corporate Overview Leadership Corporate Highlights Key Messages MD&A
ABOUT US
Our multi-disciplinary expertise as a utilities and infrastructure provider

are divided into four core business divisions:
Ports and Logistics

We are one of the 10 largest port operators in the world with a
total container handling capacity across all ports in Malaysia of 21.5
million TEUs
Port Operations in Malaysia
t 1FMBCVIBO5BOKVOH1FMFQBT4EO#IE
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t 5BOKVOH#SVBT1PSU4EO#IE
Port Operations in Saudi Arabia

Red Sea Gateway Terminal Company Limited operates a container port terminal within the
Jeddah Islamic Port.
Logistics Operator
Kontena Nasional Berhad is one of the largest integrated logistics companies in Malaysia.
Energy and Utilities

We are a total energy solutions provider
Power Generation and Water Desalination
Through Malakoff Corporation Berhad (“Malakoff”), we are the largest Independent
Power Producer in Malaysia with a total effective power generation capacity of 5,822MW.
Malakoff’s international assets include power and water ventures in Saudi Arabia, Bahrain
BOE0NBO XJUIBOFGGFDUJWFQPXFSHFOFSBUJPODBQBDJUZPG.8BOE N3/day
of water desalination.
Natural Gas Distribution

Through Gas Malaysia Berhad, we supply reticulated natural gas in Peninsular Malaysia.
We also operate and maintain 2,600 kilometres of Natural Gas Distribution System
network.
Water Solutions Provider

Through Aliran Ihsan Resources Berhad, we are a pioneer in wastewater recycling
technology and a water treatment specialist.
Environment Management
Through Malakoff’s subsidiary, Alam Flora Sdn Bhd, we are one of the leading environmental
management companies in Malaysia specialising in managing and reducing waste with
minimal environmental impact.
002
004 MMC Corporation Berhad
CORPORATE BROCHURE
CORPORATE OVERVIEW ABOUT US

Engineering
We undertake engineering and construction works for key civil and
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Our VisionCurrent Projects Our Mission
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to t .BYJNJTFTIBSFIPMEFSWBMVF
t
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new passenger holding lounge We serve our stakeholders with a steadfast
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commitment to #IE
excellence
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Our Core Values

Prior Projects
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I N T E C
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Integrity Innovation Teamwork
Container Terminal for Penang PortExcellence Commitment
Industrial Development
We develop and manage approximately 5,000 acres of industrial
developments
Our actions are guided in Iskandar
by our core values, Malaysia,
setting standards Johor
in the way weand
workKulim, Kedah
Senai Airport City
" NBTUFS QMBOOFE BDSF JOUFHSBUFE JOEVTUSJBM EFWFMPQNFOU DPNQSJTJOH PG 'SFF
Industrial Zone and Free Commercial Zone, hi-tech manufacturing and mixed development
areas targeting various industrial segments strategically located within a mature industrial
ecosystem of Senai, Johor.
The Value
Tanjung We
Bin Industrial Park Create
A master planned 2,255-acre industrial development catering for medium and heavy
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We drive the
Northern Technocity We build We masterplan
We connect nation’s growth infrastructures
A master planned 354-acre industrial development within of
the growth Kulim Hi-Tech Park, Kedah
people, goods and progress by that afford oursegments with seamless connectivity to port and
catering to high technology industrial industries that
and businesses providing energy,
airport in Penang. society the
Other Business
industries
enjoy today
Airport Operator
Senai Airport Terminal Services Sdn Bhd is the operator of Senai International Airport in
Together, the scale of our operations makes
Johor and Kertih us one
Airport of Malaysia’s key players in nation building
in Terengganu.

005
CORPORATE BROCHURE
GROUP US
ABOUT CORPORATE STRUCTURE
as at 1 April 2021

MMC CORPORA
MMC MMC Engineering Group Aliran Ihsan Resources MMC MMC Logistics Holdings MMC Pembetungan MMC Land
Ports and Logistics
Port Holdings
Sdn Bhd
Berhad
100%
Berhad
100%
Utilities Berhad
100%
Sdn Bhd
100%
Langat
Sdn Bhd
Sdn Bhd
100%
100% 100%
million TEUs Aliran Water Aliran Utara Aliran Utilities Aliran Jebat Northern Technocity
Services Sdn Bhd Sdn Bhd Sdn Bhd Sdn Bhd
Port Operations in Malaysia Sdn Bhd 100% 100% 80% 100%
t 1FMBCVIBO5BOKVOH1FMFQBT4EO#IE 100%
t +PIPS1PSU#FSIBE 30%
t /PSUIQPSU .BMBZTJB #IE SWESB MMCES JV
Sdn Bhd
t 1FOBOH1PSU4EO#IE
70%

MMC Engineering MMC Engineering MMC Technical Services MMC Tepat Teknik MMC Transport MMC-GTM Bina Sama
Red Sea Gateway Terminal Sdn
Company
Bhd Limited&operates
Constructiona container Sdn
port terminal within Sdn
Bhd theBhd Engineering Sdn Bhd Sdn Bhd
100% Sdn Bhd 100% 100% 100% 100%
100%
Logistics Operator
Kontena Nasional Berhad is one of the largest
MMC EG integrated logistics companies
MMC Oil & Gas in Malaysia.
MMC Tepat Teknik MMC Tepat Teknik Tepat Teknik
Co Ltd Engineering ,FKVSVUFSBBO (Sarawak) (Labuan)
90% Sdn Bhd Sdn Bhd Sdn Bhd Ltd
100% 100% 100% 100%
Energy and Utilities MMC Oil and
We are a total energy solutions provider Gas Engineering
Consultancy LLC
Power Generation and Water Desalination 51%
NCB Holdings
Malakoff’s
Bhd
include power Penang
MMCP Shared
international assets and Port
water
Sdn Bhd
5BOKVOH#SVBT1PSU
ventures inSdn
Saudi
Bhd
Andaman Port
Arabia, Bahrain
Sdn Bhd
1FMBCVIBO5BOKVOH
Pelepas
Johor Port
Berhad
Services Centre
BOE0NBO
99.1%XJUIBOFGGFDUJWFQPXFSHFOFSBUJPODBQBDJUZPG.8BOE
Sdn Bhd 100% 70% N3/day
100% Sdn Bhd 100%
of water desalination. 100% 70%

Northport (Malaysia) Kontena Nasional
Through Gas
Bhd
Malaysia Berhad,
Berhad
we supply Penang Port Human
reticulated Swettenham Pier
natural gas
Capital Services
Pelepas Terminal
in Peninsular Malaysia.
Cruise Terminal Inland Services
Manpower Excellence
Sdn Bhd
We also99.1%
operate and maintain99.1% 2,600 kilometres
Sdn Bhdof Natural Gas Sdn Distribution
Bhd SystemSdn Bhd 70%
network. 100% 60% 49%

technology and a water Kontena
Klang Port Management treatment specialist. KN Global
Nasional KN Loginfra KN Maritime Konnas Prolink
Sdn Bhd Global Logistics Transport Sdn Bhd Services Sendirian Berhad
99.1% Sdn Bhd Sdn Bhd 99.1% Sdn Bhd 99.1%
Environment Management 99.1% 99.1% 99.1%
management companies in Malaysia specialising in managing and reducing wasteJPwith
Northport Distripark Logistics Seaport SPT Services
minimalSdnenvironmental
Bhd impact. Sdn Bhd Worldwide Sdn Bhd
99.1% 100% Sdn Bhd 70%
100%
004
CORPORATE BROCHURE
CORPORATE OVERVIEW
ATION BERHAD MMC CORPORATION BERHAD is a leading utilities

MMC International Anglo-Oriental Senai Airport Anglo-Oriental (Malaya) Southern Malayan Bidor Malaya Tin Timah
Holdings (Annuities) Terminal Services Sdn Berhad Tin Dredging (M) Sdn Bhd Securities
Limited Sdn Bhd Sdn Bhd 100% Berhad 100% Berhad
100% 100% 100% 100% 100%
Our Vision
Southern Kinta Kramat Tin Dredging Tronoh Holdings
Our Mission
MMC Frigstad Pernas Charter
Consolidated (M) Berhad (Selangor) Offshore Management
To be a Premier52.9%
Berhad Utilities and Sendirian Berhad Sdn Bhd Excellence in our Sdn Bhd
100%
Infrastructure Group 100% 100%
Core 100%
Business Segments
Senai Airport City Senai Airport City Senai Airport
Services Sdn Bhd t -FBEJOWBMVFJOOPWBUJPO
Sdn Bhd
Sdn Bhd 100% 100%t Be the preferred employer
100%
Dana Vision Sdn Bhd Labohan Dagang Galian MMC Marketing 1SPKFL-FCVISBZB5JNVS
100% Sendirian Berhad Sdn Bhd Sdn Bhd
Our Core
100% 100%
Values
100%
I N T E C
City Island Holdings MMC Saudi Holdings MMC Ports MMC Utilities MMC Saudi Arabia
Limited Limited Limited Limited Limited
Integrity
100% Innovation 100%
100% Teamwork
100% Excellence
100% Commitment
JOINT VENTURES ASSOCIATES Under Liquidation

Southern Water
KTMB MMC Cargo Sdn Bhd 49% Malakoff Corporation Berhad 37.6%* Technology Sdn Bhd
(Under Creditors’
Our actions are guided by our core values, setting standards in the way we work Winding Up)
MMC-Gamuda Joint Venture Sdn Bhd 50% P.T. Ritra Konnas Freight Centre 33%
Anglo-Oriental
MMC Gamuda KVMRT (PDP) Sdn Bhd 50% Gas Malaysia Berhad 30.9% Malaya Trustees
Sdn Bhd
(Under Members’
MMC Gamuda KVMRT (T) Sdn Bhd 50% Jazan Economic City Land Company Limited 24% Voluntary
Liquidation)
MMC Gamuda KVMRT (PDP SSP) Sdn Bhd 50% OP Biomas Technologies Sdn Bhd 23%
1SPKFL4NBSU)PMEJOHT4EO#IE50% The Value We Create Red Sea Ports Development Company Limited 20%
MMC Exploration
& Production
(Thailand) Pte Ltd
(Under Liquidation)
4ZBSJLBU.FOHVSVT"JS#BOKJS5FSPXPOH4EO#IE50% Red Sea Gateway Terminal Limited 20%
* excluding treasury
UEM MMC Joint Venture Sdn Bhd 50% We drive the KonsortiumWe build
Bernas MMC SPPM Sdn Bhd 10%
shares

Salcon MMCB AZSBpeople, 34%
JV Sdn Bhd goods and progress by "KJM.JOFSBMT4EO#IE49% the growth of
that afford our
and businesses
Salcon MMCES AZSB JV Sdn Bhd 50%
society the
Cranetech Global Sdn Bhd 50% enjoy today
industries
Red Sea Housing Malaysia Sdn Bhd 51%

011
003
CORPORATE BROCHURE
Governance
Corporate Overview Leadership
Sustainability Report Corporate
Financial
Highlights
Statements Key Messages
Additional Information MD&A
AGM Information
ABOUT
AWARDS
US AND ACHIEVEMENTS
Our multi-disciplinary
1 expertise
2 as a3 utilities and
4 infrastructure
5 provider
Ports and Logistics

million TEUs
t +PIPS1PSU#FSIBE 6 7 8 9
t 1FOBOH1PSU4EO#IE

Logistics Operator
Energy and 2020

1. 28 FEBRUARY Utilities 4. 29 SEPTEMBER 2020 7. 12 NOVEMBER 2020
NORTHPORT (MALAYSIA) BHD ALAM FLORA SDN BHD ALAM FLORA SDN BHD
PowerNational Occupational
Generation and WaterSafety and
Desalination Global Business Leadership Awards Department of Irrigation and Drainage
Health Award 2019 2020 (DID) Malaysia and Global Environment
Through Malakoff Corporation Berhad (“Malakoff”), we are the largest Independent Centre
Power
2. Producer
8 JULY 2020in Malaysia with a total effective powert generation capacity of 5,822MW.
&YDFMMFODFJO8BTUF.BOBHFNFOU
Malakoff’s international assets include power and water ventures in Saudi Arabia, Bahrain t 3JWFSPG-JGF1VCMJD0VUSFBDI
ALAM
BOE0NBO FLORA SDN BHD 5. 29 SEPTEMBER 2020 N3/day
XJUIBOFGGFDUJWFQPXFSHFOFSBUJPODBQBDJUZPG.8BOE Programme Award (Category Industry,
Frost & Sullivan Best Practices Awards Corporate and Developers)
of water desalination. ALAM FLORA ENVIRONMENTAL
t 8BTUF.BOBHFNFOU$PNQBOZPGUIF SOLUTIONS SDN BHD 8. 30 NOVEMBER 2020
Natural Gas
YearDistribution
(Asia Pacific) Global Business Leadership Awards
Through Gas Malaysia Berhad, we supply reticulated 2020
natural gas in Peninsular Malaysia. GAS MALAYSIA BERHAD
3. 25 SEPTEMBER 2020 The Edge Billion Ringgit Club
t &YDFMMFODFJO'BDJMJUJFT.BOBHFNFOU Corporate Awards 2020
network.
MALAKOFF CORPORATION BERHAD
Alpha Southeast Asia’s 10th Annual t )JHIFTU3FUVSOPO&RVJUZPWFS5ISFF
6. 30 SEPTEMBER 2020
Water Institutional
Solutions Provider
Investor Corporate Years (Utilities Sector)
ThroughAwards
Aliran 2020
Ihsan Resources Berhad, we are aMALAKOFF
pioneer in CORPORATION
wastewater recycling
BERHAD
9. 23 DECEMBER 2020
technology and a water treatment specialist. Regional Innovation Showcase on
t .PTU*NQSPWFE*OWFTUPS3FMBUJPOT
Team Excellence (RISTEx) 2020
NORTHPORT (MALAYSIA) BHD
t #FTU4USBUFHJD$PSQPSBUF4PDJBM ISO 37001:2016 Anti-Bribery
t -VNVU1PXFS1MBOU*OWFOUPSZ7BMVF
3FTQPOTJCJMJUZ
Through Malakoff’s subsidiary, Alam Flora Sdn Bhd, we are one of the leading environmental Management System (ABMS)
Optimisation (Gold Award)
management companies in Malaysia specialising in managing and reducing waste with Certification
t .PTU0SHBOJTFE*OWFTUPS3FMBUJPOT
minimal environmental impact. t 5BOKVOH#JO1PXFS1MBOU.JOPS0VUBHF
Cost Optimisation (Gold Award)
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006
004 MMC Corporation Berhad 006
CORPORATE BROCHURE
FIVE YEAR FINANCIAL

CORPORATE OVERVIEWSUMMARY
Revenue (RM’million) MMC CORPORATION BERHAD

Profit After is a leading
Tax And Minority Interest utilities
(RM’million)
2020 4,493 2020 375
2019 2019 255
2018 4,984 2018 220
4,160 210
2016 Our Vision 2016 Our Mission 550

EBITDA (RM’million) Gross Assets (RM’million)
2020 2,124 2020 26,107
2019 1,980 2019 26,446
2018 1,492 2018 25,305
1,393
2016 1,613 2016

Our Core Values
2020
2019
2018

I N T E C
Profit Before Zakat And Taxation (RM’million)
654
522
403 2018
Shareholders’ Fund (RM’million)
2020
2019
Excellence
436
Commitment
9,510
9,344
9,560
9,490
2016 2016
The Value We Create

Earnings Per Share (sen) Net Assets Per Share (sen)
2020 nation’s 12.3
growth 2020 We masterplan 312
2019 people, goods 8.4 that afford our
2019
2018 across the globe convenience
2018 they 314
enjoy today
industries
6.9 312
2016 18.1 2016 313


007
019
003
CORPORATE BROCHURE
Corporate Overview
Corporate Overview Leadership Corporate
CorporateHighlights
Highlights Key Messages MD&A
ABOUT
FIVE US
YEAR FINANCIAL SUMMARY
Our multi-disciplinary
Dividend Per Share (sen) expertise as a utilities
Return On and
Equityinfrastructure
(%) provider
2020 5.0 2020 3.9
2019 4.5 2019

Ports
2018 and Logistics 4.0 2018 2.3
4.0 2.2
2016
million TEUs 4.0 2016 5.8

t +PIPS1PSU#FSIBE
t 1FOBOH1PSU4EO#IE
Distribution of Value Added
Port Operations in Saudi Arabia 2020 2019
Red Sea Gateway Terminal Company Limited operates a container port terminal within the RM’000 RM’000
Revenue
Logisticsexpenses
Operating Operatorexcluding staff cost, depreciation & amortisation (2,033,190)
Other operating income 155,954 220,313
Finance costs

4IBSFPGSFTVMUTPGBTTPDJBUFTKPJOUWFOUVSF 301,844
We are
Value a total
added energy
available forsolutions provider
distributions 2,376,146 2,198,512

DISTRIBUTION
To employee:
BOE0NBO
EmploymentXJUIBOFGGFDUJWFQPXFSHFOFSBUJPODBQBDJUZPG.8BOE
costs N3/day 862,138 896,095
To the Government:
Natural
TaxationGas
andDistribution
zakat 221,581
To
Weshareholders:
also operate and maintain 2,600 kilometres of Natural Gas Distribution System
network.
Dividends*
To reinvest in the Group:
Through Aliran and
Depreciation Ihsan Resources Berhad, we are a pioneer in wastewater recycling
amortisation 860,294
Retained profit 192,591 133,364
Environment
Total distributedManagement 2,353,020 2,188,666
Through Malakoff’s
*Inclusive of dividendssubsidiary, Alam Flora shareholders
paid to non-controlling Sdn Bhd, we are one of the leading environmental
008
020
CORPORATE BROCHURE
Corporate
Governance
Overview Leadership
Sustainability Report FinancialHighlights
Corporate Statements Key Messages
Additional Information MD&A
AGM Information
BUSINESS HIGHLIGHTS
CORPORATE OVERVIEW

Pelabuhan Tanjung Pelepas Sdn Bhd Northport (Malaysia) Bhd (“Northport”)
and infrastructure
(“PTP”) recorded an all-time high groupbecame
withthediversified
first port inbusinesses
Malaysia
in Malaysia
record for a total of twenty-foot equivalent and abroad to receive ISO 37001:2016
units (“TEUs”) handled in a month of Anti-Bribery Management
967,783 TEUs and highest moves by System certification from SIRIM QAS
a shift of 12,411 moves International Sdn Bhd
PTP welcomed Our Vision Our Mission

10 new full Electrical Rubber Northport hit a new record with the highest
To be a(“E-RTG”)
Tyred Gantry Premier Utilities and monthly volume Excellence
of container in our
Infrastructure Group handling ofCore Business
310,865 TEUsSegments
and
Cranes and 8 ultra large
container vessel ship-to-
We are driven by a commitment to
berthed thet biggest dry bulk vessel
.BYJNJTFTIBSFIPMEFSWBMVF
at its Wharf 20 with a volume of 88,408
shore (“STS”)build
quay cranes
a better world for all t 4FSWJDFFYDFMMFODFUPTUBLFIPMEFST
to heighten its capacity and productivity Deadweight Tonnage
Penang Port Sdn Bhd (“Penang
PTP announced a successful first We serve our stakeholders with a steadfast
Port”) welcomed four new Rubber
phase of Go-Live for the integrated Tyred Gantry (“RTG”) at the North
Enterprise Resource Planning system Butterworth Container Terminal
(“NBCT”) as part of its commitment to
Our Coreimprove
Values
efficiency
I N T E C
Johor Port Berhad (“Johor Port”)
finished strong by surpassing
Penang Port’s NBCT has increased
1.0 Million TEUs its handling capacity to
of containers handled despite the 2.4 Million TEUs, making
Integrity
challenges Innovation
that arose the COVID-19 pandemic Teamwork Excellence Commitment
berth operations much more flexible upon
completion of its upgrading work
Johor Port welcomed

4 new RTGs and a new Malakoff Corporation Berhad signed a
STS quay crane as part of
Our actions are guided by our core Memorandum
values, of Understanding
setting standards (“MoU”)
in the way we work
its ongoing agenda towards capacity with Alam Flora Sdn Bhd and PT Menara
enhancement and overall operational efficiency Systec Indonesia on Privatisation of Waste
at its Container Terminal Management Services in the Republic of
Indonesia; its scope includes waste facility
management and other related services
Johor Port provided Marine The Value We Create

Gas Malaysia Berhad signed a MoU with
Services for the first ML GAS (CAMBODGE) Co., Ltd. on investment
Liquified Natural Gas opportunities in the oil, gas and power sector
We drive the We buildas well as other related property developments in
bunkering operations in Malaysianation’s growth
We connect the Kingdom
infrastructures
Weofmasterplan
Cambodia
and businesses MMC society the
Pembetungan Langat Sdn Bhd
MMC across the globe
Engineering Sdn Bhd signed the convenience they
celebrated its achievement of 12 Million
economy
for homes and enjoy today
Consortium Agreement with P-Excell
industries
Management Sdn Bhd (Terengganu State
Manhours Without Lost Time
DPNQBOZ GPSUIF&BTU$PBTU3BJM-JOFQSPKFDU Injury, one of the largest accomplishments on
Together, the scale of our operations makes usSFDPSEJOBOZTFXFSBHFQSPKFDUJO.BMBZTJBUPEBUF
one of Malaysia’s key players in nation building
018 MMC Corporation Berhad Annual Report 2020 009

003
CORPORATE BROCHURE
Corporate Overview
MD&A
BUSINESS
ABOUT US STRENGTHS AND COMPETITIVE
ADVANTAGES
MMC’s business model enables the Group to derive a set of business strengths and competitive advantages in its value creation. This
unique set of strengths and advantages are further enhanced by leveraging on operational strategies and excellence. The Group’s
operating company constantly leverage on their respective strengths and competitive advantages to continuously improve and leverage
market share.
Ports and Logistics

MMC further solidifies its position as one of Malaysia’s premier utilities and infrastructure player via the constant pursue and development
BOEBXJEFSBOHFPGTQFDJBMJTFEJOGSBTUSVDUVSFEFWFMPQNFOUQSPKFDUT
total container handling
FOOTPRINT INcapacity
MULTIPLEacross all ports in Malaysia of 21.5
BUSINESSES
million TEUst 5IF(SPVQIBTBEJWFSTJýFECVTJOFTTQSFTFODF TQBOOJOHBXJEFSBOHFJOTUSBUFHJDBOEFTTFOUJBMCVTJOFTTTFDUPST
t #ZPDDVQZJOHEPNJOBOUPSLFZQPTJUJPOTJOJUTSFTQFDUJWFWBMVFDIBJOT ..$JTPQUJNBMMZQPTJUJPOFEUPFOTVSFUIFSFBMJTBUJPO
PGTUSBUFHJDPCKFDUJWFTBOEUIFWFSZFYFDVUJPOPGCVTJOFTTQMBOTBOEHPBMT
t +PIPS1PSU#FSIBE
BUSINESS
t /PSUIQPSU .BMBZTJB #IE AND OPERATIONAL SYNERGY
t 5IF(SPVQJTBCMFUPMFWFSBHFPOJUTNBOZPQFSBUJOHDPNQBOJFTSFTPVSDFTBOEDPNQFUFODJFTUPPGGFSJOUFHSBUFETPMVUJPOT
t 1FOBOH1PSU4EO#IE
or offerings
t 4ZOFSHZDBOCFHFOFSBUFEBOEIBSOFTTXIFOQSPKFDUTCVTJOFTTPQQPSUVOJUJFTDBOCFJEFOUJýFEBOEFYFDVUFEXJUIJOUIF
Port OperationsGroup itself Arabia
in Saudi
Jeddah Islamic BALANCED
Port. MIX OF BUSINESS PORTFOLIO WITH RECURRING INCOME
t 5IF(SPVQIPMETBNJYPGMPOHUFSNDPODFTTJPOT VOEFS#VJMU0QFSBUF5SBOTGFS i#05w #VJMU0QFSBUF0XO5SBOTGFS i#005w
Logistics Operator
and Build Own Operate (“BOO”) contracts as well as owns businesses that deliver long-term recurring income and earnings
STRONG ASSET AND FINANCIAL BASE

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QSPKFDUTJOPSEFSUPDPOUJOVPVTMZFOIBODFTIBSFIPMEFSTWBMVF
Power GenerationPROVEN andEXPERTISE
Water Desalination
AND TRACK RECORD
Through Malakoff Corporation Berhad (“Malakoff”),
t 5ISPVHIJUTPQFSBUJOHDPNQBOJFT we are the largest Independent
UIF(SPVQIBTFTUBCMJTIFEBMPOHTUBOEJOHSFQVUBUJPOGPSVOEFSUBLJOHNBOZPGUIFOBUJPOT
Power Producer inJDPOJDQSPKFDUTBOEGPSTVDDFTTGVMMZEFMJWFSJOHQSPKFDUTDPNNJUNFOUTBTQFSTDIFEVMFBOEXJUIJOCVEHFU
Malaysia with a total effective power generation capacity of 5,822MW.
HIGHLY EXPERIENCED AND PROFESSIONAL WORKFORCE
t 5IF(SPVQTTUSPOHFTUBTTFUJTUIFDPNQFUFODFBOETLJMMTPGJUTQFPQMF XIPCSJOHBWBTUSBOHFPGQSPGFTTJPOBMDBQBCJMJUJFT
and experience to steer the Group’s growth
GOOD
We also operate and MARKETPLACE PRACTICES
maintain 2,600 kilometres AND CORPORATE
of Natural Gas DistributionGOVERNANCE
System
network. t 5IF (SPVQT DPNNJUNFOU UPXBSET BDDPVOUBCJMJUZ USBOTQBSFODZ BOE HPPE HPWFSOBODF IBT GVSUIFS TUSFOHUIFOFE UIF
organisation’s business model and organisational structure and at the same to safeguard shareholder and stakeholder
Water Solutionsinterest
Provider
technology andSTRONG
a water treatment
PROJECT specialist.
MANAGEMENT EXPERTISE
t 0VSDSFEJCMFSFQVUBUJPOCVJMUPOJNQFDDBCMFUSBDLSFDPSEPGTVDDFTTGVMQSPKFDUDPPSEJOBUJPOBOENBOBHFNFOUFOTVSFTUIBU
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010
046
CORPORATE BROCHURE
FINANCIAL
CORPORATE CALENDAR
OVERVIEW

Annual General Meeting andDividend
infrastructure of 1.5 sen Final Dividend
group with diversified of 3.5 sen
businesses
10 May 2021 per ordinary share for the financial year per ordinary share for the financial year
in Malaysia and2020
ended 31 December abroad ended 31 December 2020
Entitlement Date : 10 December 2020 Entitlement Date : 3 June 2021

Payment Date : 23 December 2020 Payment Date : 25 June 2021

ANNOUNCEMENT OF FINANCIAL RESULTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020:
20 MAY 2020 24 AUGUST 2020 25 NOVEMBER 2020 26 FEBRUARY 2021
build a better world
FIRST QUARTER ENDED for allQUARTER ENDED
SECOND t 4FSWJDFFYDFMMFODFUPTUBLFIPMEFST
THIRD QUARTER ENDED FOURTH QUARTER ENDED
31 March 2020 30 June 2020 30 September 2020 31 December 2020

FINANCIAL HIGHLIGHTS
Our Core Values
I N T E C
Integrity
Revenue
RM4.49 billion
':3.CJMMJPO
Innovation
Profit Before Zakat
Teamwork
and Taxation
RM654 million
(FY2019: RM522 million)
Excellence
Profit After Tax and
Commitment
Minority Interest
RM375 million
(FY2019: RM255 million)
Earnings Before Interest,

The Value We
Depreciation, Tax and GrossCreate
Assets
Amortisation
RM26.11 billion
RM2.12nation’s
billion
We drive the
growth
(FY2019:
We build RM26.45 billion)
We masterplan
(FY2019:
people, goodsRM1.98
and billion)
progress by that afford our
the growth of
enjoy today
industries

017
003
CORPORATE OVERVIEW
Ports and Governance Sustainability Report
Logistics
CORPORATE OVERVI
Serving as the Nation’s MMC C

and inf
Our Vision Global Gateway
Our Mission in Mala
MMC’s ports are the strategic gateways for national trade
We are driven by a commitmentand t .BYJNJTFTIBSFIPMEFSWBMVF
commerce, vital to spurring economic growth. Within
build a better world for all
to
Malaysia’s export-driven open economy, our

Our
ports
Vision
generate
tremendous value across a large number
t Be the
To be a Premier
ofemployer
preferred industries, Utilities and
sectors
and supply chains. Infrastructure Group
Our Core Values
I N T E C
Integrity Innovation Teamwork Excellence Commitment Ou
I N Our actions are guided by our core values, setting standards in the way we work
The Value We Create

Integrity Innovation
Our actions are guided by

people, goods
and businesses providing energy,
gas and water
that afford our
society the
industries that
drive the nation’s
The V
enjoy today
industries We driv
We connect nation’s
people, goods and prog
Together, the scale of our operations makes us one of Malaysia’s key players in nation building providing
and businesses
across the globe gas and
for home
003
093
indust
CORPORATE BROCHURE
Corporate Overview
MD&A
ABOUT US
OPERATIONS REVIEW
ncial Statements Additional Information AGM Information
Our multi-disciplinary expertise as a utilities

PELABUHAN TANJUNG PELEPAS SDN BHD and ofinfrastructure
digital transformation equipment and systems has provider
enabled PTP
W are divided
OPERATING
to achieve increased efficiencies and productivities.
into four core business divisions:
ENVIRONMENT
5IFýSTURVBSUFSPG':XBTQSPNJTJOHXJUI1FMBCVIBO5BOKVOH Local manufacturer Konica Minolta, based in Melaka, diverted
Pelepas Sdn Bhd (“PTP”) registering strong growth on both the its shipments from Port Klang to PTP port as an alternative
Ports and Logistics
business and operational fronts.
RPORATION BERHAD is a leading utilities
gateway. However, Evergreen Marine Corp’s (“Evergreen”) trading
We are one of the 10 largest port operators in thevolumes world declined

with ayear-on-year due to its services and capacity
structure group with diversified businesses
However, Coronavirus Disease 2019 (“COVID-19”) began to disrupt being reduced by the influence of the Ocean Alliance network
total
the container
good momentum handling capacity
built at the across
start of the all year.
financial portsThein Malaysia of 21.5
concentration in PSA.
ia and abroad
million TEUs
pandemic impacted global and regional maritime trade and with
the imposition
Port Operations of thein Movement
Malaysia Control Order (“MCO”) in March PTP ended the financial year having surpassed its cargo volumes
2020 in Malaysia, PTP’s second
t 1FMBCVIBO5BOKVOH1FMFQBT4EO#IE quarter performance saw negative and profit targets for FY2020. The deployed COVID-19 business
growth. Although
t +PIPS1PSU#FSIBE the port’s operations were deemed as essential continuity plan enabled port operations to maintain a high degree
services and hence allowed
t /PSUIQPSU .BMBZTJB #IE to operate, local cargo and Free Zone of productivity while ensuring adherence to all Standard Operating
volumes were still affected
t 1FOBOH1PSU4EO#IE Our Mission
during the lockdown period. Procedures (“SOPs”) to keep employees and stakeholders safe.
Though the onset Excellenceof COVID-19 hadinbrought our on a new set of PTP also continued its efforts under ‘PTP Way of Working’ initiative
business Core
challenges Business
and
Port Operations in Saudi Arabia complications, Segments
the pandemic had also framework to counter global uncertainties and to make PTP fit
contributed to a movement of trade and goods in
Red Sea Gateway Terminal Company Limited operates a container portfor PTP’s favour growthwithin
terminal amidst
the a still turbulent and uncertain future business
t .BYJNJTFTIBSFIPMEFSWBMVF
in the second half
Jeddah Islamic Port. of FY2020. With the resumption of economic environment. This initiative includes ‘Lean For All’ problem-solving
activity fromt 4FSWJDFFYDFMMFODFUPTUBLFIPMEFST
May 2020 onwards, PTP’s performance improved tools and PTP values as part of the changing dynamic of how the
considerably,
Logistics Operator t -FBEJOWBMVFJOOPWBUJPO
supported by a surge in transhipment volumes arising company approaches its business and working culture.
from
Kontena backlog
Nasional t Be
demand. the preferred
BerhadAdditionally, employer
is one of thePTP’slargestcargo volumes
integrated also companies in Malaysia.
logistics
benefited from the congestion issues faced by the neighbouring BUSINESS AND OPERATIONAL PERFORMANCE
Singapore port. In FY2020, PTP posted a revenue of RM1.5 billion, an increase of
12% year-on-year (FY2019: RM1.3 billion) with Profit Before Tax
Pent up post-COVID-19 demand for consumer goods and a (“PBT”) and Profit After Tax (“PAT”) also improving by 48% and 69%
We are acontainer
significant total energy solutionsexperienced
trade imbalance provider by the 2M SFTQFDUJWFMZ ZFBSPOZFBS 1#5 ': 3. NJMMJPO BOE 1"5
Core Values partners contributed to the increase in cargo volumes and ultimately
Power Generation and Water Desalination FY2019: RM135 million).
T E C
increased handling revenue for PTP. In particular, local cargo
volumes improved as manufacturers ramped up production and Container cargo volumes as of 31 December 2020, stood at 9.85
export activities to clear COVID-19 backlogs. NJMMJPO5&6T NBSLJOHBOZFBSPOZFBSHSPXUI ':
million TEUs). Additional volume was mainly attributed to the sharp
The performance
amworkof water desalination. of
Excellence shipping alliances rebounded
Commitment in the second increase in ad hoc calls.
half of FY2020 in tandem with improved trade between China,
Europe
Naturaland GastheDistribution
transpacific region. Along with continued cost-saving initiatives, PTP also undertook
Through Gas Malaysia Berhad, we supply reticulated natural gas in Peninsular QSPBDUJWFMalaysia.
DBTI QSFTFSWBUJPO NFBTVSFT CZ SFQMBOOJOH JUT NBKPS
54-JOFT 5BJXBOTGPVSUIMBSHFTUTIJQQJOHDPNQBOZ KPJOFEBTJY capital expenditure (“CAPEX”) schedule.
core values,sailing
settingPTP
network.
call frequency
standards per week
in the way we work through a slot swap agreement
with Sealand - Maersk on the IA1, IA3 and IA8 services. Not only Performance Milestones
has this strengthened
Water Solutions Provider PTP’s intra-Asia service network, it has also PTP broke records and achieved various milestones in FY2020. One
demonstrated the port’s entrepreneurial spirit of flexibility,
Through Aliran Ihsan Resources Berhad, we are a pioneer in wastewater mobility of its highlights was the Operations team logging the highest all-time
recycling
and innovation.
technology and a water treatment specialist. NPWFSFDPSEJOBNPOUI XJUIBUPUBMPG UXFOUZGPPUFRVJWBMFOU
unit (“TEUs”) in December 2020. This surpasses the previous record
lue We Create
The strings of intra-Asia
Environment Management services offer customers flexibility in terms of 922,800 TEUs set in November 2020.
of the number of frequencies available at PTP as well as choice
of carriers and
management competitive
companies freight. The
in Malaysia direct calls
specialising from PTP
in managing PTP also
and reducing wastesuccessfully
with logged the highest TEUs and tonnage
e provides
We build
minimal mobility to customers
environmental impact. in having their shipments arrive record in the Maersk fleet Triple E class (2nd Generation) category,
wth at destinations within We
a masterplan
shorter length of time. This, coupled with
infrastructures with the highest vessel utilisation of 19,388 TEUs/186,408 tonnes
by the growth of
that afford our
rgy, industries that
society the
er drive the nation’s
convenience they
nd economy
enjoy
014 MMC
004
094 todayCorporation Berhad
CORPORATE BROCHURE
CORPORATE OVERVIEW OPERATIONS REVIEW
(Munich Maersk). This surpassed the previous MMC CORPORATION

records of 19,344 BERHAD
0O B TFQBSBUF is QSPKFDU
OPUF B QJMPU a leading utilities
IBT CFFO MBVODIFE GPS UIF
TEUs (Murcia Maersk)BOE UPOOFT(Manchester Maersk) in upgrade of the wharf road with the aim of resolving damages to
November 2020.
UIF XIBSG SPBE CFIJOE #FSUI UP #FSUI #MPDL UP #MPDL
in Malaysia and abroad 18). The upgraded section will be evaluated for six months before
The Operations team also secured the highest Port Moves Per Hour proceeding with restoring the remainder of the road.
(“PMPH”) for the South Africa Service Bound (Maersk Amazon) with
a record of 184.6 PMPH, yet another record surpassed the 164.38 The port’s Sewage Treatment Plant (“STP”) is designed with a
1.1)TFUJO+BOVBSZ capacity of 35,000 Population Equivalent (“PE”), with 2 modules.
Our Vision
The key to these record-breaking accomplishments was PTP’s Our Mission
5IFFYJTUJOH451.PEVMFFYDFFEFEJUTEFTJHODBQBDJUZPG
PE and was unable to support the future expansion of the Free Zone
continued efforts in working closely with shipping liners to attract BSFBT OBNFMZ5BOKVOH"EBOH 1IBTF BOE5IFDPOTUSVDUJPO
empty containers and to induce volume by encouraging shippers of Module 2 commenced in FY2020 and is targeted for completion
Infrastructure Group
to consolidate their volumes at PTP as the port offers efficiency and by early FY2021.
Core Business Segments
productivity. t .BYJNJTFTIBSFIPMEFSWBMVF
build a better world for all Despite COVID-19 restrictions, PTP received the necessary
In addition, PTP deployed additional gangs to cope with the incoming permissions for itstinfrastructure works to proceed. As such, in May
-FBEJOWBMVFJOOPWBUJPO
volume and to ensure optimal service quality to meet and exceed 2020, dredging works to deepen
t Be the preferred the navigation
employerchannel resumed
customers’ requirements. JOFOUJSFUZ5IFQSPKFDUXJMMFOTVSFUIBUUIFOFXHFOFSBUJPOPG6-$7T
can safely navigate
We serveinour andstakeholders
out of PTP under
with a all tidal conditions. A
steadfast
HIGHLIGHTS AND DEVELOPMENTS portion of the dredged material will be
commitment to excellencestored for future reclaimation
Port Asset Upgrades and Infrastructure Works activities.
*O ': 151 JOJUJBUFE TFWFSBM JNQSPWFNFOU QSPKFDUT BT QBSU PG
its “Ipsum Magna” programme (Latin for “great optimisation”) to
Our Core Values
On a related note, FY2020 saw the formation of an Asset Integrity
increase the port productivity and its terminal footprint capacity. These team. The team is tasked to address equipment deficiencies by
I N T E C
initiatives were designed to maximise the capacity of the existing identifying the root causes of issues, analysing data and developing
terminal Phase 1 and 2 footprint. The programme is expected to be rectification plans.
DPOUJOVPVTMZSFGSFTIFEXJUIOFXQSPKFDUTBOEJOJUJBUJWFTPWFSUIFOFYU
five to 10 years. Manpower and Outsourcing
Integrity Innovation Teamwork" NBKPS SPTUFS Excellence Commitment
TZTUFN DIBOHF XBT TVDDFTTGVMMZ JNQMFNFOUFE UP
In FY2020, strategic initiatives under the Ipsum Magna programme align rest periods for terminal workers without affecting service
include replacement of existing Ship-to-Shore (“STS”) quay cranes delivery. The manpower localisation policy also continued into
and Rubber Tyred Gantry (“RTG”) cranes as well as reviewing and FY2020, with foreign workers being phased out upon the expiry of
making improvements to the electrical network. Asset digitisation was their contracts and replaced with local workers.
also part of the Ipsum MagnaOur actions are guided by our core values, setting standards in the way we work
agenda.
In addition, PTP continued to train internal employees to take over
FY2020, PTP received eight Ultra Large Container Vessel (“ULCV”) equipment maintenance from external contractors. Developing
STS quay cranes. The cranes have a lifting capacity of 65 tonnes multi-skilled technicians internally is expected to lower costs by
and can handle containers over 24 rows across ULCVs. This is part optimising trained existing workforce and improving equipment
The Value We Create

of PTP’s Asset Management Strategy to increase container handling
capacity and service reliability, while maintaining high safety standards.
availability. For example, general performance of our spreader
equipment has increased to 94% as compared to 89% in overall
post the upskilling of internal employees.
At the same time, 10 fully Electric Twin Lift RTG cranes were
We drive the We Implementation
build
also delivered. These battery-powered, energy-efficient
nation’s E-RTGs
growth ERP Weand Digitalisation
masterplan
produce zero greenhouse gas emissions. They demonstrate
and progress by As part of the digitalisation
the growth initiative,
of various smart mobile
PTP’s continued efforts towards creating more sustainable
providing energy, port applications were industries
rolled out to that
connect terminal workers to real-
operations. In FY2020, 33 out of 35 existing RTGs
gas were
and refurbished
water time operational drive the nation’s
across the globe convenience they activities, thereby encouraging productivity and
with the remaining two expected to be completed for homes and
by early FY2021. economy
performance-based
enjoy today behaviour.
industries

003
095
CORPORATE BROCHURE
Corporate Overview
MD&A
ABOUT US
OPERATIONS REVIEW
Our multi-disciplinary expertise as a utilities and infrastructure

Despite the pandemic and the lockdown, PTP managed to go live
Responding proactively provider
to the current operating environment, PTP
with its ERP Employee Self Service module. The module allows
will open up more land capacity for Free Zone development. In
employees to apply for leave through a mobile application. PTP
addition, the current terminal footprint will be improved in terms of
also successfully rolled out the Payroll module, through which resources, equipment and skill sets to cater for future volume and
employees can access their payroll details online via a mobile app. capacity.
Ports and Logistics
The implementation of this system is part of PTP’s continuous
effort to empower its digital strategy and enhance its operational
We are one of the 10 largest port operators in theMore
worldand more countries are seeking out resilient production
with a
efficiency. centres to support their market shares of global trade. Strategically
positioned free zones are more appealing in the current environment
million TEUs
Free Zone Development due to their specific and ring-fenced commercial offerings.
On
Port19Operations
June 2020, in PTP signed a 10-acre land sublease deal with
Malaysia
Tiong Nam Logistic Solutions.
t 1FMBCVIBO5BOKVOH1FMFQBT4EO#IE Other notable Free Zone highlights Shipping lines are sourcing all terminals within the Southeast Asia
include the lease
t +PIPS1PSU#FSIBE of 61,000 square feet (“sqft”) to a Japanese region for their storage capacity and our neighbouring ports are
logistics service provider,
t /PSUIQPSU .BMBZTJB #IE Sankyu for its Regional Distribution aggressively offering capacity guarantees in response to COVID-19.
Centre
t (“RDC”). The RDC will export Personal Protective Equipment
1FOBOH1PSU4EO#IE Despite this tactic, Main Line Operators (“MLOs”) are approaching
(“PPE”), in response to the COVID-19 pandemic. Two American PTP to off-load a large number of empty containers for medium-
companies, Honeywell and Crate & Barrel also launched their term storage. These empty containers will be in temporary storage
Port
RDCs.Operations
Honeywell isinaSaudi
leadingArabia
PPE provider while Crate & Barrel at PTP for three to six months and the MLOs will evacuate them
Red
is anSea Gateway Terminal
internationally renownedCompany Limited operates
home furnishings a container portwhen
and accessories terminal
thewithin
globaltheeconomy and consumption demand recovers.
retailer. Notably, besides a competitive Terminal Handling Charge to attract
those volumes, free empty storage terms will be a key element
Logistics Operator
As at 31 December 2020, a total of 90% of Free Zone space in Phase for shippers when deciding at which port to offload their empty
Kontena
1 and 2 Nasional
has beenBerhad
sublet is
to one of the
various largest
local andintegrated logistics companies
global companies. in Malaysia.
containers.
We are presently developing Phase 2C comprising 80 acres for
prospective leasing in FY2023. PTP also obtained approval to Looking forward, PTP’s strategic priorities for FY2021 are to
amalgamate 32 small plots at Free Zone Phase 3 into four larger increase standardisation of services and operations, while improving
plots, thereby making the available space more conducive and customer service, and the financials to generate a stronger cash flow.
attractive for investors.
Power Generation and Water Desalination Smart industrial technologies such as big data and automation will
Through Malakoff Corporation Berhad (“Malakoff”), we are
*O B NPSF SFDFOU EFWFMPQNFOU 151 JT XPSLJOH PO UIF 5BOKVOHthe largest Independent
form part of PTP’s digital logistics approach and ‘Smart Port’ vision.
Power Producer in Malaysia with a total effective power
Adang development, which is an expansion of the existing Freegeneration capacity of 5,822MW.
An expansion of contactless services will rapidly accelerate these,
Malakoff’s
Zone international
2 area. assets include
The Environmental Impactpower and water
Assessment ventures
(“EIA”) for thein Saudi Arabia,
along with aBahrain
greater focus on port safety and security.
BOE0NBO XJUIBOFGGFDUJWFQPXFSHFOFSBUJPODBQBDJUZPG.8BOE
development was approved in January 2021. N3/day
of water desalination. A key focus area for FY2021 is promoting our hub port efficiencies
OUTLOOK AND PROSPECTS through increased terminal capacity and targeting ULCV. PTP will
Natural
The Gasoutlook
general Distribution
is that FY2021 will see the global economy continuously improve its infrastructure to provide these ULCV with
Through Gas
returning Malaysia
to positive Berhad,
growth we supply reticulated
after contracting significantlynatural gas in Peninsular
in FY2020. Malaysia.
reliable services.
We also operate and maintain 2,600 kilometres of
The availability of COVID-19 vaccines give impetus to a stronger Natural Gas Distribution System
network.
SFDPWFSZ XJUI FDPOPNJD HSPXUI USBKFDUPSZ QPJOUJOH UP B SFCPVOE &RVBMMZJNQPSUBOUJTUIFFYQBOTJPOPGUIF5BOKVOH"EBOH'SFF;POF
after the lifting of lockdown measures. to entice more RDC players to invest in, and re-locate to PTP. As a
SFTVMU MPDBMFDPOPNZXJMMCFTQVSSFEXJUIUIFQPUFOUJBMKPCDSFBUJPO
Through
In addition,Aliran
the Ihsan Resources
Regional Berhad, Economy
Comprehensive we are a Partnership
pioneer in wastewater recycling
technology
(“RCEP”) and a water
provides treatment
a strong specialist.
basis for trade growth through lower
tariffs, simplified customs procedures, streamlined rules of origin
and greater discipline in terms of non-tariff measures.
016
004
CORPORATE BROCHURE
JOHOR PORT BERHAD MMC CORPORATION BERHAD

million). The is a was
additional revenue leading utilities
contributed by additional
Marine Services at LNG Pengerang together with higher space
OPERATING ENVIRONMENT
utilisation of warehouses.
Based on the first three months of the year,in Malaysia
Johor and abroad
Port had shown
strong growth potential for FY2020, represented by a 6% increase As at 31 December 2020, container and conventional cargo
in container volume as compared to the first quarter of FY2019. WPMVNFTTUPPEBUNJMMJPO5&6TBOENJMMJPO'SFJHIU8FJHIU
With the onset of the MCO (“Movement Control Order”) in mid- Tonnes (“FWT”), registering a year-on-year decrease of 4% and 5%
March 2020 which shut down a large number of industrial sectors, respectively (FY2019: 1.0 million TEUs and 18.2 million FWT).
Our Vision
volume was affected and April alone saw a 34% mark on overall
decline. However, volume recovered in May 2020 as economic
Our Mission
A 5% reduction in operating costs was recorded through contract
sectors reopened
To bewith
a the replacement
Premier of the strict
Utilities and MCO with the management, resulting in savings of RM2
Excellence million in FY2020. Johor
in our
Conditional Movement Control Order (“CMCO”). Port’s Container Terminal registered 23 Gross Moves Per Hour
(“GMPH”); an improvement of 15% compared to 2019. In addition,
Towards the end Weofare
FY2020,
driven container volumes to
by a commitment increased on the t .BYJNJTFTIBSFIPMEFSWBMVF
vessel waiting time improved by 52%, dropping from 6.5 hours in
back of the peak season for west-bound
build a better world for allcargoes. However, a t 4FSWJDFFYDFMMFODFUPTUBLFIPMEFST
FY2019 to 3.1 hours in FY2020.
global container shortage prevented shipping lines from taking full t -FBEJOWBMVFJOOPWBUJPO
advantage of the potential demand. A spike in COVID-19 cases in Johor Port achieved
t Be athe
savings of RM21
preferred million or 9% for direct
employer
the later part of the year had also impacted volumes. operating cost as compared to FY2019. In addition, it’s Bulk and
We serve
Breakbulk Terminal our stakeholders
(“BBT”) with aproductivity
met the handling steadfast target set
In response to the challenging operating environment, Johor Port commitment
by the Lembaga Pelabuhan Johorto(“LPJ”)
excellence
for all types of cargoes.
continued to focus on its key strategic priorities. This included
cost management and operational efficiencies by negotiating with HIGHLIGHTS AND DEVELOPMENTS
Our Core Values

suppliers and vendors. The operating company continued to be
driven by the MMC’s port wide initiatives of Take Cost Out and Get
Recognition as an Approved Delivery Point for Commodity
Exchanges
I N T E C
Revenue in FY2020. Johor Port is currently the Approved Delivery Point for the following
Exchanges:
In addition, strategic efforts were undertaken on developing other t -POEPO.FUBM&YDIBOHF i-.&w OPOGFSSPVTNFUBMT
aspects of its operations. This included focusing on Liquified Natural
Integrity Innovation Teamworkt $IJDBHP.FSDBOUJMF&YDIBOHF
Excellence i$.&w QBMNPJMBOEPUIFSTPGU
Commitment
Gas (“LNG”), Bunkering and Marine Services as well as continued commodities products)
negotiations with main line operators to secure container and cargo t "TJB 1BDJýD &YDIBOHF i"1&9w QBMN PJM GVUVSFT NBSLFU BOE
volumes. The latter effort led to the securing of six new services. other derivative commodities)
t 41 (MPCBM 1MBUUT i1-"554w HMPCBM QSPWJEFS PG JOGPSNBUJPO
Stakeholder engagement was Ouralso prioritised
actions in FY2020
are guided by our towards and standards
core values, setting benchmarkinprices forwe
the way energy,
work metals, petrochemicals and
ensuring the Government and its agencies had a clearer view of agricultural goods)
Johor Port’s requirements and the required support needed for t '54&#VSTB.BMBZTJB,-$* i'#.,-$*w
infrastructure works.
The accreditation by these International Commodity Exchanges
Last but not least, infrastructure works also saw an encouraging IBT GVSUIFS EJTUJOHVJTIFE +PIPS 1PSU BT B NBKPS $PNNPEJUZ )VC
The Value We Create
level of progress. The works will expand the port’s operational and Trading Centre and will encourage overseas-based traders to
capability and capacity to drive business growth. utilise the port’s warehouse space.
BUSINESS AND OPERATIONAL PERFORMANCE We drive the InWeparticular,

build the recognition accorded by the aforementioned
Financial Results and WeStatistics
connect infrastructures
International Exchanges will also Johor Port as a Regional
In FY2020, Johor Port people,
registered a revenue growth of 1.5% year- that
goods afford our
Commodity Hub in industries
attracting more
providing energy, that agro-products from the
on-year totalling RM548andmillion
businesses
(FY2019: RM540 million). PBT and society the
Indonesian islands to Johor Port for eventual re-distribution via
PAT for the financial year stood at RM162 million
forand RM102
homes million
and economy
containerised and loose form to consumer markets regionally.
enjoy today
SFTQFDUJWFMZ 1#5 ': 3. NJMMJPO 1"5 ': 3.
industries

003
097
CORPORATE BROCHURE
Corporate Overview
MD&A
ABOUT US
OPERATIONS REVIEW
Our multi-disciplinary expertise as a utilities andServices

Johor Port’s Marine infrastructure
is also finalising theprovider
Johor Port has also been active in pursuing Approved Delivery Point/ Marine Terminal
Designated Warehouse Location status from other Exchanges
Service Agreement (“MTSA”) for LNG bunkering with Petronas
during the year. In particular, the port has reached an advanced
Dagangan Berhad (“PDB”).
stage of discussion with the Dalian Commodity Exchange, Shanghai
Futures Exchange and Zhengzhou Commodity Exchange. It will With that, Johor Port can now further expand its LNG bunkering
Ports and Logistics
also continue to engage with the Intercontinental Commodity operations, as the Pengerang LNG bunkering hub is strategically
Exchange towards attaining Approved Delivery Point/Designated
We are one of the 10 largest port operators in thelocated
worldclose
withto aSingapore (which is presently the main hub for
Warehouse Location status for coffee and cocoa. LNG bunkering in the East Southern Region).
million TEUs future demand and to position Johor Port as Negotiations with
In accommodating Main-Line Operators and Strategic
a Commodity Trading
Port Operations in MalaysiaCentre, warehouse expansion programmes Partnerships
IBWF CFFO JOJUJBUFE GPS UIF $POWFOUJPOBM 5FSNJOBM $"1&9 3.
t 1FMBCVIBO5BOKVOH1FMFQBT4EO#IE A notable highlight of FY2020 was the securing of six new services,
NJMMJPO 5IFQSPKFDUJTFYQFDUFEUPCFDPNQMFUFECZ':
t +PIPS1PSU#FSIBE mainly to the Intra-Asia region. Sealand deployed SH2 services with
t /PSUIQPSU .BMBZTJB #IE 400 moves per call in September 2020 and China Ocean Shipping
Progress
t Achieved on the Port Expansion Plan
1FOBOH1PSU4EO#IE Company deployed its China Malaysia Express (“CME”) in October
Phase 1 of the port expansion exercise comprising of the 2020. The other incoming services were from Evergreen (“JPIB”),
rehabilitation of the Empty Container Yard and Rail Yard (beside PELNI Lines (“MIS”), Evergreen and Wan Hai Lines.
Port
Sungai Operations
Perembi) was in Saudi Arabia
completed in March 2020. This comprises
Red Sea Gateway
300 ground Terminal
slots and Company
six-high Limited operates a container portJohor
stackings. terminalPort
withinBerhad
the had also signed a Memorandum of
Jeddah Islamic Port. Understanding (“MoU”) with UTMSPACE to develop and offer
Phase 2 commenced immediately and is targeted to be completed professional qualifications in Port and Logistics Management.
Logistics Operator
in FY2021. It comprises the demolition of the Johor Port Container Three professional programmes will be developed under the
Kontena Nasional Berhad
Service warehouse is one
and the of the largest
conversion of theintegrated logistics companies
Empty Container in Malaysia. Certificate in Port Management, Professional
MoU: Professional
Yard into a proper Empty storage and Laden container area with Certificate in Logistics Management and Professional Master in
a capacity of 660 ground slots with 5-high stackings. Phase 3 Port Management.
DPNQSJTFT PG UIF SFIBCJMJUBUJPO PG CMPDLT PG FYJTUJOH $POUBJOFS
Yard space which began upon the completion of Phase 2 and is The programmes are structured to provide port workers with
scheduled to be ready by January 2022. specialised knowledge to hone their competencies towards
Power Generation and Water Desalination ensuring improved port operations while developing a network of
Through Malakoff Corporation Berhad
Progress Achieved on the Five-Year Equipment (“Malakoff”), we are the largest Independent
professional contacts to develop their careers. The programmes
Power Producer in Malaysia with
Replacement and Refurbishment Plan a total effective power generation capacity of 5,822MW.
also entail industrial attachments to provide participants with
Malakoff’s international
A wide range assets
of upgrades andinclude power and
refurbishment of water ventures in Saudi
port equipment Arabia,
practical Bahrain
port management experience and to enable them to stay
was undertaken in FY2020. This includes the addition of a quay abreastN 3
/day industry requirements and developments.
of evolving
of water
crane desalination.
to bring the total number to nine in November 2020.
Stakeholder Engagement
Natural
In Gasreplacements,
addition, Distribution retrofitting and refurbishments were *O BOPUIFS LFZ EFWFMPQNFOU +PIPS 1PSU JOJUJBUFE 1SPKFDU ;FSP
Through Gas
performed on Malaysia Berhad,
various quay weat
cranes supply reticulated
the port. naturalJohor
This enables gas in Peninsular Malaysia.
Waiting Time (“ZWT”) with Ministry of Health (“MOH”) in FY2020
We also operate and maintain 2,600 kilometres of Natural Gas
Port to deploy its full capacity of quay cranes, resulting in increased Distribution System
to minimise the waiting times of vessels berthed at the port. A new
network.
operational productivity. guideline from MOH Johor, known as Pratique on Arrival (“POA”),
was introduced.
Water Solutions
Liquified NaturalProvider
Gas (“LNG”) Bunkering
Through Aliran Ihsan Resources
"MTP B NBKPS NJMFTUPOF Berhad,
UIF ýSTU -/( we arePQFSBUJPO
#VOLFSJOH a pioneer in wastewater recycling
XBT Under this new guideline, MOH will give ‘pratique without
successfully carried out at Johor Port anchorage on 9 November onboard checking’ for low-risk vessels after reviewing the vessel
2020, with pilotage and towage support from Johor Port Marine documentation submitted via email. As a result of this initiative,
Services. There were several engagements conducted with the number of vessels physically inspected by MOH officers was
Petronas Dagangan Berhad prior to embarking on this exercise. SFEVDFECZ TJHOJýDBOUMZDVUUJOHXBJUJOHUJNFBU+PIPS1PSU
018
004
CORPORATE BROCHURE
Marine Services MMC CORPORATION Given JohorBERHAD islocation,

Port’s strategic a leading utilities
further efforts will be placed
As mentioned earlier, in response to the external factors impacting on positioning the port as the preferred Intra-Asia destination.
operations, Johor Port focused on alternative services such as
in Malaysia
Marine Advisory Services. This includes encouraging vesselsand
to abroad
In ensuring efficient Marine Service within the Pasir Gudang Port
lay up and temporarily anchor within the Pasir Gudang Port Limit. Limit, the port aims to charter an additional tugboat and pilot boat
Various marine vessel and rig owners took up the services resulting to support the growing requirements. Johor Port’s Marine Services
in temporary anchorage and bunkering activities increasing by 60% will continue to provide a full range of Marine Service for all types
year-on-year in FY2020. of vessels.
OUTLOOK AND PROSPECTS

Our main business model will focus not only on sustaining Marine
FY2021 industry
To beoutlook will remain
a Premier influenced
Utilities andby the global core services, but Excellence
also on enhancing non-core services. The
in our
FDPOPNJDSFDPWFSZUSBKFDUPSZ(JWFOUIBUTIJQQJOHMJOFTBSFTFFJOH port will continue to drive business diversification into Offshore
steady growth in gateway and transhipment volumes, global Inspection, Maintenance and Repair, Marine Advisory Services and
maritime trade isWe expected to recover
are driven next year. to
by a commitment LNG Bunkering.t .BYJNJTFTIBSFIPMEFSWBMVF
Offshore vessel activity is expected to grow due to restrained energy 'PVS KFUUJFT BSF QMBOOFE GPS SFIBCJMJUBUJPO CZ ': +PIPS 1PSU
resources in the region. Johor Port Marine Services also anticipates anticipates completing the preferred
t Be the replacementemployer
of its Marine Loading Arm
BO JODSFBTF JO WFTTFM WPMVNFT UISPVHI JUT QSJWBUF KFUUJFT BT UIF by FY2021. The Liquid Jetty Expansion to 20 million FWT per year,
Pengerang Terminal Two Plant is expected to be fully operational We servetoour
which is scheduled stakeholders
take place betweenwith aFY2023
steadfast
and FY2025,
after the fire incident in FY2020. commitment
will include two additional berths. to excellence
Johor Port draws confidence from the comparatively strong Also in the pipeline is the replacement of two RTG units towards
Our Core Values

economic growth within Johor state, driven by a wide range of
factors including the strong investments in Iskandar Malaysia.
achieving 34 units by FY2022. An additional eight terminal tractors
will be added to bring the total fleet size to 50 by FY2021.
I N T E C
Johor Port is poised to benefit from the continuing development of
LFZQSPKFDUTJO+PIPSTVDIBT3"1*%1FOHFSBOH +PIPS)BMBM1BSL Looking forward, a strategic priority for FY2021 is to ensure zero
Johor Biofuel Hub and others. incidents involving vessels. Johor Port also intends on maintaining
WFTTFM NPWFNFOUT XJUIPVU EFMBZT BU BOE BCPWF 5IFTF
Integrity Innovation TeamworkbenchmarksExcellence Commitment
are over and above the full support for all non-core
Leveraging on the success of its status as a LME and Palm Oil
port, Johor Port will look to strengthen its credential as a Cocoa services, such as Offshore vessel activity, Marine Advisory, LNG
Trading Hub. gassing-up and cool down (“GUCD”) and bunkering.
Johor Port is currently working with LKM in the by

formulation of NORTHPORT (MALAYSIA) BHD
Our actions are guided our core values, setting standards in the way we work
their Cocoa Trading Hub report in order to get their support and
endorsement for Johor Port to be announced as the Cocoa Hub. OPERATING ENVIRONMENT
Lembaga Koko Malaysia (“LKM”) and the Ministry of Plantation The COVID-19 pandemic and implementation of lockdowns across
Industries and Commodities (“MPIC”) will select a suitable port to the world in response to the pandemic had significantly impacted
be recognised as the Malaysia and Regional Cocoa Hub. global economic activities and trade. The disruptive effects were
The Value We Create felt across a wide range of economic sectors and industries both
globally and domestically. Consequently, many of Northport’s
We are also engaging other global Exchanges, including the
Intercontinental Commodity Exchange (“ICE”) for coffee and cocoa customers were also affected as the sudden and abrupt halt to their
We drive the
and New York Stock Exchange (“NYSE”) Liffe for coffee. In addition, business
We buildoperations affected business operations and invariably,
nation’s growth financial performance. We masterplan
We connect
Johor Port is in advanced discussions with three commodity infrastructures
exchanges in China. people, the Dalian Commodity Exchange, that afford our
These aregoods industries that
and businesses providing energy, societythe
Besides thepandemic, other headwinds faced in FY2020 include
the Shanghai Futures Exchange and the Zhengzhou
gas and Commodity
water drive the nation’s
across the globe convenience
governmental they
policies, the ongoing US-China trade war and
Exchange. We aim to position the port as the preferred
for homes Commodity
and economy
enjoy today
intensifying competition of neighbouring ports.
Trading Centre in the region. industries

003
099
CORPORATE BROCHURE
Corporate Overview
MD&A
ABOUT US
OPERATIONS REVIEW

While putting and infrastructure
One of the ensuing impacts was reduced ability to clear the traffic
the aforementioned strategies into provider
action, the port
congestion that built up in the yards from import containers arriving
is still focused on combatting the financial effects of COVID-19 by
during the lockdown. However, progressively over time, port
optimising expenses through effective cost-cutting and prioritising
PQFSBUJPOTBOEFNQMPZFFTTVDDFTTGVMMZBEKVTUFEUPUIFDIBMMFOHJOH spending to essential activities.
operating conditions to overcome port congestion and various
Ports and Logistics
other issues to restore productivity. BUSINESS AND OPERATIONAL PERFORMANCE
We are one of the 10 largest port operators in theOnworld the back of increasing revenues and enhanced operational
with a
Despite FY2020 being the most challenging year, Northport efficiency, Northport’s PAT rose 25% year-on-year to reach RM82
total container handling capacity across all ports
continued to leverage on the various opportunities that came its
in Malaysia of 21.5
million (FY2019: RM65 million). This was the best PAT performance
million
way. This TEUs
includes re-strategising growth plans towards developing since FY2016.
a comprehensive three-pronged
Port Operations in Malaysia strategy that entails reconfiguring
existing terminals, optimising land use and asset rationalisation.
t 1FMBCVIBO5BOKVOH1FMFQBT4EO#IE Despite the continuing US-China trade war and the COVID-19
t +PIPS1PSU#FSIBE pandemic, container revenue still improved by 1% in FY2020,
Essentially, COVID-19 presented
t /PSUIQPSU .BMBZTJB #IE management with opportunities to RM452 million (FY2019: RM446 million), mainly due to higher
to seek operational efficiencies and to further strengthen its cost
t 1FOBOH1PSU4EO#IE container throughput. Cost cutting measures and prudent spending
base. The Group’s Take Cost Out, Get Revenue In initiative was further improved our gross profit margin for the container business
pursued with further focus to trim down any remaining wastages TFHNFOUGSPNUP
Portinefficiencies
and Operationsacross
in Saudi Arabia
port operations.
Red Sea Gateway Terminal Company Limited operates a container portAtterminal within
the same theNorthport’s Get Revenue In initiatives delivered
time,
Jeddahbusiness
Every Islamic Port.
process was strategically scrutinised to uncover additional revenue of RM5 million. This resulted in total revenue of
potential areas for improvement. On the back of this approach and RM664 million in FY2020, which represents a 1% improvement
Logistics Operator
other strategic initiatives undertaken in FY2020, Northport achieved year-on-year (FY2019: RM660 million).
Kontena Nasional
significant Berhad
cost savings is one
that of the largest
contributed to an integrated logistics companies in Malaysia.
improved business
and financial performance. Northport’s concerted efforts to manage and reduce capital and
operational expenditures resulted in savings of RM13 million for
Despite a turbulent financial year, Northport achieved a new-high the financial year, which was 15% above target. The port achieved
monthly container handling volume record of 310,865 TEUs in this through a combination of contract negotiation or consolidation,
December 2020. This surpasses the previous June 2012 record asset rationalisation, and general reductions in administration and
Power
of Generation
304,928 TEUs. and Water Desalination people-related costs.
Power Producer
Northport also hadin Malaysia with a
the privilege oftotal effective
berthing the power
biggestgeneration
dry bulk capacity
On a ofrelated
5,822MW.
note, the manpower rightsizing exercise initiated
Malakoff’s international assets include power and water
vessel in our history, at a volume of 88,408 Deadweight Tonnage ventures in Saudi
in FY2020 Bahrain
Arabia, resulted in a 9% reduction in staffing costs. The
BOE0NBO
(“DWT”). XJUIBOFGGFDUJWFQPXFSHFOFSBUJPODBQBDJUZPG.8BOE
This was made possible by approval granted by the Port N3/day
rationalisation was undertaken with no disruption to service
of water
Klang desalination.
Authority (“PKA”) to Northport in July 2020 to berth dry bulk EFMJWFSZPSQSPEVDUJWJUZMFWFMTXJUIUIFJNQMFNFOUBUJPOPGKPCSPUBUJPO
vessels of up to 90,000 DWT displacement. The decision came opportunities for employees.
Natural
on GasofDistribution
the back rising demand for deeper vessel draft that provide
Through GasofMalaysia
economies scale toBerhad, we supply
customers. reticulated
Northport was ablenatural gas in Peninsular
to offer A concertedMalaysia.
focus on improving the operational performance
We also operate and maintain 2,600 kilometres of Natural
vessel productivity of 10,000 DWT per weather working day due Gas Distribution System
succeeded in raising the container handling productivity levels to
network.
to its improvement in processes and productivity. Consequently, 28.04 MPH from the 24.93 MPH achieved in FY2019 (an increase
in FY2020, six vessels with more than 80,000 DWT displacement of 13%). This was the result of a full year’s record of the six new quay
Water Solutions
berthed Provider
at Northport. cranes purchased in 2019 and effective equipment rationalization
through the mothballing and disposal of unproductive equipment.
technology
Having goneand a water
through treatment
and specialist.
developed many insights and learnings
from a turbulent FY2020, Northport stands ready to compete and
strive in the coming financial year while priming itself to grasp the
emerging opportunities for value creation going forward.
020
004
CORPORATE BROCHURE
HIGHLIGHTS AND ACHIEVEMENTS MMC CORPORATION LAND USE BERHAD

OPTIMISATION is a leading utilities
While 2020 was characterised by new challenges and obstacles, As mentioned earlier, land use optimisation is one of Northport’s
and infrastructure
Northport still delivered several significant highlights:
group with diversified businesses
key strategic thrusts under its three-pronged plan. In FY2020,
in Malaysia and abroad Northport focused on developing three NDSB2 warehouses with
BIOMASS LOGISTICS HUB BDVNVMBUJWF þPPSTQBDF PG TRGU5IFTF XBSFIPVTFT BSF
In FY2020, the Biomass Logistics Hub in Southpoint recorded a fitted with environmentally friendly features such as LED lighting
UPUBMWPMVNFPG UPOOFT XIJDISFQSFTFOUTBJODSFBTF and solar power and will be completed and ready for operations
from FY2019 (159,598 tonnes). A total area of 300,200 sqft, by May 2021.
Our Vision
comprising both open yards and covered warehouses, is currently
tenanted by biomass industry players.
Our Mission
*OFYQBOEJOHFYJTUJOHTQBDFGPSDPWFSFETUPSBHF JO/PSUIQPSU
To be a Premier Utilities and signed a long-term lease with Axis REIT
Excellence in Managers
our Berhad for two
PORT RECEPTION FACILITY (“PRF”) warehouses. The warehouses provide an additional 340,000 sqft of
Northport’s PRF commenced operations in February 2020. This covered storage space to augment Northport’s existing 1.9 million
facility provides We
a complete solution
are driven for all types oftowaste, including
by a commitment sqft of warehouset .BYJNJTFTIBSFIPMEFSWBMVF
space. Northport’s application to the Ministry of
ship sludge, supplemented by aworld
build a better wideforrange
all of value-added Finance for tFree
4FSWJDFFYDFMMFODFUPTUBLFIPMEFST
Commercial Zone status for both warehouses was
services. During the financial year under review, the PRF facility approved in FY2019. t -FBEJOWBMVFJOOPWBUJPO
handled 223.5 tonnes of waste generated in Northport and from t Be the preferred employer
vessels calling Northport. During FY2020, new tenancies and lease agreements for previously
We serve our
untenanted/unutilised stakeholders
land measuringwith a steadfast
a total of 92.3 acres in
ROLL-ON ROLL-OFF (“RORO”) BUSINESS commitment
Northport and Southpoint were tosigned
excellence
with 33 parties. These
In FY2020, on the back of strong demand for reconditioned motor leases/tenancies will begin to contribute cargo volume from FY2021
vehicles from Japan, Northport handled on average 5,500 units and FY2022 onwards once the requisite facilities have been built.
Our Core Values

of reconditioned vehicles per month (excluding the MCO period).
Total volume for FY2020 was 54,404 units. It is expected that ASSET CONSOLIDATION AND UPGRADING
I N T E C
more RORO operators will be calling Northport, especially once the In FY2020, in line with Northport’s efforts to reduce overheads while
transshipment activities of motor vehicles recovers. maximising productivity, four under-performing quay cranes, 15
prime movers and 15 trailers were disposed of. Two grab units were
AWARDS, ACCOLADES AND CERTIFICATION
Integrity Innovation Teamworkacquired forExcellence conventional cargo operations. Three high stackers
Commitment
On 28 February 2020, Northport won the National Occupational are also in the midst of being replaced with six new reach stackers
Safety and Health (“NCOSH”) Award 2019 in the Business Services which will be added to Northport’s fleet by April 2021.
category. Northport also retained its ISO 45001 accreditation
following the re-certification audit conducted in 2020. This reaffirms The consolidation and upgrading of these essential assets will
the port’s status as an industry leader
Our actions are in health,
guided safety
by our coreand
values,further
settingimprove
standardsoperational
in the wayproductivity
we work at Northport.
environment (“HSE”) aspects of operations. In FY2020, Northport
recorded its best HSE performance ever with zero fatalities and STRATEGIC COLLABORATIONS AND STAKEHOLDER
-PTU5JNF*OKVSZ'SFRVFODZ i-5*'w PG RELATIONS
In FY2020, Northport extended its existing Strategic Collaboration
On 25 December 2020, Northport, together with PKA and Agreement (“SCA”) with POIC Sabah Sdn Bhd with a focus on
The Value We Create
Westports Malaysia Sdn Bhd, received the APSN Green Port introducing a direct RORO service into Lahad Datu. Another area of
"XBSE4ZTUFN i(1"4w GPSKPJOUDPMMFDUJWFFGGPSUTUPVQIPME collaboration is on manpower training.
environmental sustainability.
We drive the Northport
We build also signed an SCA with NL Cold Chain Network and
We masterplan
On 23 December 2020,We connect
Northport became the first portgrowth
nation’s in Malaysia infrastructures
Bayam Enterprise (M)the Sdngrowth
Bhd. This
and progress by of agreement is aimed at
people, goods
UPCFBDDSFEJUFEXJUIUIF*40"OUJ#SJCFSZ.BOBHFNFOU that afford our
establishing an integrated
providing energy, industries thatchain between Port Klang
Halal value
and businesses
System (“ABMS”) certification. The certification is a testament of society
and Japanthe
through an end-to-end logistics network.
Northport’s continued commitment towardsfor thehomes
highestand
level of economy
enjoy today
integrity and ethical culture in our day-to-day business operations.
industries

003
101
CORPORATE BROCHURE
Corporate Overview
MD&A
ABOUT US
OPERATIONS REVIEW

Work is underway to establish a common systems and technology
t /PSUIQPSUXJMMJEFOUJGZBWBJMBCMFMBOEUPCVJMEGBDJMJUJFTPOUIBUXJMM
platform within the Group that includes the Enterprise Resource
contribute towards Northport’s value chain and enable growth
Planning (“ERP”) and Terminal Operating System (“TOS”). Upon
in throughput handling for RDCs
completion, this integrated platform will further maximise synergies
and allow all ports, including Northport, to share expertise and t
/PSUIQPSUXJMMBMTPDFOUSBMJTFJUTDPOUBJOFSPQFSBUJPOTXJUIJOPOF
Ports and Logistics
benefit from economies of scale. terminal and make space for conventional business to grow
in the other terminal. This will further improve cargo handling
The first phase of ERP implementation is targeted to start in May productivity and create space for the construction of new
total container handling capacity across
2022, and the second phase in December 2022.
all ports in Malaysia of
facilities
21.5
million TEUs
Apart from the aforementioned
Port Operations in MalaysiaERP initiative, in FY2020, Northport PENANG PORT SDN BHD
introduced a dashboard performance
t 1FMBCVIBO5BOKVOH1FMFQBT4EO#IE application to monitor its
container operational performance. The existing CONTRAK2 and
t +PIPS1PSU#FSIBE OPERATING ENVIRONMENT
mobile application system
t /PSUIQPSU .BMBZTJB #IE were also continuously improved. Penang Port Sdn Bhd (“Penang Port”) continued to feel the effects
t 1FOBOH1PSU4EO#IE of the prolonged US-China trade war as well as the impact of
OUTLOOK AND PROSPECTS COVID-19 in FY2020. The former had a domino effect on exports
FY2021 is expected to see a gradual recovery in economic growth. from Penang to China, while the latter had impacted the cruise
Port momentum
The OperationsofinbusinessSaudi Arabia
and trade activities may remain tourism segment which up to January 2020, was on a significant
Red Sea
slower Gateway
than initiallyTerminal Company
expected, due to Limited operates
the continued a container
impact of the portuptrend.
terminal within the
Jeddah Islamic
COVID-19 Port. across the world. However, the expected
pandemic
rollout of vaccines globally, which has already commenced, should In response to COVID-19, the Malaysian Government temporarily
Logistics Operator
provide a much needed upswing in sentiment and momentum in stopped cruise ships from docking at the country’s ports, with
the second half of FY2021. is one of the largest integrated logistics companies in Malaysia.
UIF 4XFUUFOIBN 1JFS $SVJTF 5FSNJOBM i41$5w TFFJOH MFTT
passengers, year-on-year.
Looking at the maritime sector and ports specifically, as the
The trade war between China and US, coupled with measures to
global economy improves, Northport is optimistic of shipping lines
curb the spread of the pandemic, reduced overall cargo handling
increasing their vessel capacity to Port Klang as a transhipment
We are a total energy solutions provider UISPVHIQVU CZ BOE DPOUBJOFS UISPVHIQVU CZ $BSHP
hub, particularly for the Indian sub-continent, the US, and Trans-
Powertrade.
Pacific Generation and Water
Commercially, Desalination
Northport’s focus will be on the intra- tonnage dropped by 5% in dry bulk, 13% in liquid bulk and 20%
Through
Asia and Malakoff Corporation market.
Indian sub-continent Berhad The(“Malakoff”),
US-China we arewar
trade in break
the largest bulk.
Independent
Power Producer in Malaysia with a total effective power generation
presents an opportunity to increase the port’s exposure to South- capacity of 5,822MW.
Malakoff’s international assets include power and water ventures
East Asia, as Malaysia positions itself as the country of choice for in Penang
Saudi Port
Arabia, also experienced a unique challenge brought on by
Bahrain
manufacturing Foreign Direct Investment and RDCs. the severe
N3/day of 40’/40 High Cube (“HC”) containers. The
shortage
of water desalination. shortage was due to the high Chinese demand for long-haul
shipments. As a result, the South Thailand market was unable
*SSFTQFDUJWF PG UIF $07*% USBKFDUPSZ JO ': /PSUIQPSU
Natural GastoDistribution to secure sufficient HC containers and this impacted trading
will continue persist with its cost-saving measures to reduce
Through Gasexpenditure.
Malaysia Berhad, we strategies
supply reticulated opportunities.
operational Ongoing such asnatural
asset gas
and in Peninsular Malaysia.
We also operate
manpower and maintain
rationalisation will also 2,600 kilometres of Natural Gas Distribution System
be continued.
network. Consequently, exporters in southern Thailand could not capitalise
on the strong demand for rubber, rubber wood and sawn timber
Going forward, Northport’s strategic priorities are as follows:
Water Solutions Provider due to the acute shortage of containers to ship the goods to intra-
Through Aliran Ihsan Resources Berhad, we are a pioneer in wastewater Asia markets.
recycling
t /PSUIQPSUXJMMDPOUJOVFUPGPDVTPO*OUSB"TJBBOE*OEJBO4VC
technology and a
Continent market water treatment specialist.
However, FY2020 also offered opportunities. The pandemic had led
Environment Management to many ports experiencing congestion. The bad weather due to the
t ':TIBMMTFFUIFDPNQMFUJPOPGUIF/%4#XBSFIPVTFT
Through Malakoff’s subsidiary, Alam Flora Sdn Bhd, we are one of the leading monsoon season had also worsened the situation. Cumulatively,
environmental
equipped with modern features such as LED lightings and
management companies in Malaysia specialising in managing and reducing vessels had to with
waste wait two to three days prior to berthing. Many ports
solar panel power, cementing Northport’s position as a green
minimal environmental impact. reached yard capacity utilisation of 95% which is regarded as
port
congested. Penang Port capitalised on this situation and promoted
its vacant space for laying up vessels as well as for containers.
022
004
CORPORATE BROCHURE
On a separate note, Penang Port actively MMC pursuedCORPORATION

local and BUSINESS BERHAD
AND OPERATIONAL is a leading
PERFORMANCE utilities
international business partnerships to facilitate new business Penang Port’s FY2020 revenue was RM396 million – a 13%
and infrastructure
opportunities and its efforts were successful in FY2020. Given
decrease year-on-year (FY2019: RM454 million). Penang Port’s
decreasing cargo volumes and lack of cruise inoperations,
Malaysia and abroad
cost and PBT stood at RM63 million, a 12% drop year-on-year, compared to
operational efficiencies efforts were intensified in FY2020, consistent 3.NJMMJPOJO':1"5TUPPEBU3.NJMMJPOBHBJOTU3.
with the efforts undertaken at all MMC ports. Specifically, Penang million the year before – a 14% increase.
Port looked to improve vessel and haulier turnaround times and
waterfront efficiency while reducing block utilisations at its yard. Vessel calls were significantly lower in FY2020 with a total of 3,552
Our Vision
In line with MMC’s ports Take Cost Out, Get Revenue In initiative, Our Mission
DBMMT ': DBMMT 5IFNPTUJNQBDUFETFHNFOUSFNBJOFE
UIFDSVJTFTFHNFOU XIJDITBXTJHOJýDBOUEFDMJOFUPKVTUDBMMT
Penang Port’s containerised Cargo department reduced costs by (FY2019: 2,284 calls) due to travel restrictions.
mothballing unused equipment and optimising existing equipment
in each shift. In particular, four RTG units and two quayside
Annual international cruise passenger volumes plummetted to
container crane units were mothballed. RTGs and rail-mounted ': XIJMF EBJMZ DSVJTF QBTTFOHFS WPMVNFT
gantry cranes were build also aperiodically shutdown
better world for all during non-peak also were lower at 126,849 (FY2019: 550,822). Regional ferry
hours, which resulted in reduced energy consumption. All in all, this OVNCFSTGBSFETMJHIUMZCFUUFSBU ':
contributed to savings in fuel, reduced overtime costs and lower t Be the preferred employer
maintenance and repair costs. HIGHLIGHTS AND DEVELOPMENTS
Swettenham We Pier
serveCruise Terminalwith
our stakeholders (“SPCT”)
a steadfast
As a result of its efforts, Penang Port improved terminal productivity Penang Port’s redevelopment plan for the
commitment to excellence SPCT received regulatory
to reach 26 GMPH (FY2019: 25 GMPH) and reduced average approval and works commenced in June 2020. The development
haulier turnaround time to 23 minutes (FY2019: 24 minutes). On is scheduled for completion in May 2021. The SPCT development
the whole, Penang Port increased its capabilities to handle higher
Our Core Values
comprises several phases, with the pier’s expansion as Phase 1.
throughput volumes. Phase 2 (a) focusses on improving the concourse area and Phase
I N T E C
2 (b) on refurbishing the existing terminal to cater for 12,000
The key highlight was a significant 14% reduction in operating passengers at one time. The concession rights are expected to be
FYQFOEJUVSF UP 3. NJMMJPO ': 3. NJMMJPO 5IJT IBT awarded to Penang Port by the first half of FY2021.
ZJFMEFEBJNQSPWFNFOUJOBGUFSUBYFBSOJOHTEFTQJUFSFEVDFE
Integrity
revenues for FY2020. Innovation TeamworkNorth Butterworth Excellence Container Terminal Commitment
(“NBCT”)
" NBKPS PQFSBUJPOBM IJHIMJHIU XJUI SFHBSET UP UIF /#$5 XBT UIF
Separately, tapping on operational synergy, Penang Port leveraged ahead of scheduled completion of upgrading works at NBCT T1 in
on the experience of Aliran Ihsan Resources Berhad (“AIR Berhad”) August 2020. The upgrade expands NBCT’s handling capacity from
to address non-revenue water (“NRW”) loss. The implementation of 2.1 million TEUs to 2.4 million TEUs and makes berth operations
Our actions are guided by our core values,much
UIFQPSU/38QSPKFDUSFEVDFE/38MFWFMTGSPNUP setting standards
more flexible.in the way we work
This has resulted in savings of approximately RM1 million annually.
Work at Prai Wharf continued as planned with the development
While cost savings were a priority in the wake of subdued operating PG B MJRVJE TUPSBHF GBDJMJUZ GPS QFUSPMFVN QSPEVDUT 5IF QSPKFDU JT
conditions, the port continued upgrading and expanding port expected to be completed in FY2022.
readiness will not be compromised. The Value We Create

infrastructure towards ensuring that future operational capacity and
Given the COVID-19 pandemic situation, throughput volume and
ship calls were estimated to be on the decline. With that, the
With an eye to more efficient cargo handling and a greener footprint, decision was made to postpone the delivery of two quay (Post
Penang Port extended its use of hybrid RTG cranes, which
nation’s growth are Panamax) cranes to FY2023.
We masterplan
semi-battery powered and thus consume significantly
and less
progress fuel
bythan the growth of
conventional RTG cranes. In FY2020, four more hybrid RTG
providing energy, cranes Other Notable industries
Developments that
were added, bringing the total number to seven.
gas Also
and added
water was As mentioned earlier,drive
by the nation’s
consistently using an average of 10 prime
another Mobile Harbour Crane to speed up vessel for homes andtime,
turnaround movers and two RTG economy
cranes during every shift, Penang Port
enjoy today
bringing the total installed to four. industries improved train turnaround time from 1.6 hours in FY2019 to 1.4
hours in FY2020.

003
103
CORPORATE BROCHURE
Corporate Overview
MD&A
ABOUT US
OPERATIONS REVIEW
Our multi-disciplinary expertise as a utilities andand infrastructure

In October 2020, Penang Port signed a Letter of Intent with
Local Hinterland provider
South Thailand volumes are forecasted to
Myanmar Offshore Supply Base (“MOSB”) to handle and store
grow at 9% and 3% respectively in FY2021, while new business
cargo, parts and supplies for offshore drilling activities in Myanmar.
and transhipment from the Bay of Bengal is set to expand the
As MOSB is currently under construction, Penang Port will be the revenue base.
temporary supply base for operations.
Ports and Logistics In response to challenging but improving operating environment,
The lease of space generates additional revenues for Penang Port
We are one of the 10 largest port operators in thePenang
worldPort will pursue its defined set of strategies. These include
with a
and enables optimisation of vacant space. continuing to position the port as a ‘hub port’ to attract cargo
volumes from the Bay of Bengal. Focus will be on emphasising
million TEUs2020, XSD Paper International unloaded 2,499 the port’s regional feeder connectivity as well as intra-Asian
In September
FWT
Port of machineriesinatMalaysia
Operations Penang Port’s Butterworth Wharves Cargo connectivity. Increasing ad-hoc calls will raise container and cargo
Terminal (“BWCT”) in break bulk.
t 1FMBCVIBO5BOKVOH1FMFQBT4EO#IE XSD intends to process paper handling throughput.
products and coated
t +PIPS1PSU#FSIBE duplex boards at Padang Meha, Kulim. 80%
of the production
t /PSUIQPSU will #IE
.BMBZTJB be exported to China (mainly Ningbo and Additionally, there will be increased emphasis on targeting ULCV
Shanghai), with the balance
t 1FOBOH1PSU4EO#IE 20% to be supplied to South East Asia and in providing multinational corporations with RDC set-ups.
and Malaysia.
t 5BOKVOH#SVBT1PSU4EO#IE 1PUFOUJBM OFX DVTUPNFST JODMVEF 94% *OUFSOBUJPOBM 1BQFS +JOKJOH
and Tiong Huat Rubber.
On
PortaOperations
separate note, the Arabia
in Saudi port underwent ISO 45001:2018
certification
Red Sea GatewayStage Terminal
1 in February 2020Limited
Company and Stage 2 in aNovember
operates container port&YJTUJOH
terminalJOGSBTUSVDUVSF
within the QSPKFDUT BT NFOUJPOFE FBSMJFS XJMM DPOUJOVF
2020. The ISO 45001:2018
Jeddah Islamic Port. system enables the establishment, to be pursued while another batch of replacement RTGs is in the
implementation and maintenance of an occupational safety and pipeline.
health (“OSH”)
Logistics management system to improve OSH and minimise
Operator
Kontena Nasionalsystem
risks (including Berhad is one of the largest
deficiencies), integrated
eliminate logistics
hazards, take companies in Malaysia.
In optimising its fullest value creation potential, Penang Port will also
advantage of OSH opportunities and address OSH management look to develop underutilised assets such as land. As in previous
system nonconformities. Certification is expected to be received by years, cost rationalisation and operational efficiency will remain
the first quarter of FY2021.
Energy and Utilities priorities under the Take Cost Out, Get Revenue In initiative.
We arePort’s
Penang a total
ISOenergy solutions
9001:2018 provider
quality management certification Our initiatives to improve operational efficiency and increase revenue
remains valid for FY2020, with
Power Generation and Water Desalination the re-certification process to in FY2021 entail weighbridge operations from an outsourced service
commence
Through in FY2021.
Malakoff Corporation Berhad (“Malakoff”), we are the largest Independent
provider. Penang Port is also sourcing six new computerised and
Power Producer in Malaysia with a total effective power generation capacity of
systemised5,822MW.
weighbridges for the Prai Bulk Cargo Terminal (“PBCT”)
OUTLOOKinternational
Malakoff’s AND PROSPECTSassets include power and water ventures in Saudi andArabia, BahrainWharves Cargo Terminal. Penang Port will
Butterworth
The global shortage
BOE0NBO of containers is increasingly becoming an issue
XJUIBOFGGFDUJWFQPXFSHFOFSBUJPODBQBDJUZPG.8BOE implementN 3
MMC’s /dayRe-engineering and Value Engineering Initiative
for the logistics industry.
of water desalination. Many containers are stranded at European/ to improve the energy efficiency of mast/tower/flood lighting at
US ports and terminals in the wake of the trade imbalance between NBCT.
China
Natural andGasEurope/US.
Distribution
Through Gas Malaysia Berhad, we supply reticulated natural gas in Peninsular TANJUNG Malaysia.
BRUAS PORT SDN BHD
Transporting
We also operate emptyand containers
maintain to2,600
Chinakilometres
cheaply and efficiently
of Natural Gas Distribution System
should
network.address this shortage. In the meantime, the dearth of OPERATING ENVIRONMENT
containers is pushing up costs, making it increasingly expensive 5IFýSTUIBMGPG':TBXBESPQJODBSHPWPMVNFTBU5BOKVOH
Water
to leaseSolutions Provider
and reposition empty containers. It is unlikely that this #SVBT 1PSU 4EO #IE i5BOKVOH #SVBT 1PSUw $POWFOUJPOBM DBSHP
Through will
situation Aliran Ihsanin Resources
improve FY2021. Berhad, we are a pioneer in wastewater recycling
BOEDPOUBJOFSDBSHPWPMVNFTBU5BOKVOH#SVBT1PSUXFSF
technology and a water treatment specialist. FWT and 5,026 TEUs respectively for the first six months of the
COVID-19 is expected to remain at issue, but less so in FY2021 financial year.
Environment
as measures such Management
as vaccines enable a more effective strategy in
Through Malakoff’s
addressing subsidiary,
the pandemic. WithAlam
this,Flora Sdn Bhd,
maritime tradewe are one of to
is expected the leading environmental
The second half of FY2020 fared better as conventional cargo
management companies in
recover and maintain its uptrend. Malaysia specialising in managing and reducing waste with
recorded 455,995 FWT, (FY2019: 540,394 FWT) and container
cargo volumes rose 9% to 9,116 TEUs (FY2019: 8,341 TEUs).
024
004
CORPORATE BROCHURE
MMC FWT
Total cargo volumes for the year stood at 819,146 CORPORATION
(FY2019: BERHAD
steel coil handling rate, withis a leading
savings of RM0.20/MTutilities
from June 2020
'85 BOE 5&6T ': 5&6T onwards. The port also successfully re-negotiated lower rates of
and infrastructure
lower and 21% higher year-on-year respectively. Break bulk cargo
RM30 to RM28 per TEU. Overall, stevedore and Quay Transfer
TUPPE BU ': "T in Malaysia
BU and
%FDFNCFS abroad
Services (“QTS”) dropped by 52% and 16% respectively year-on-
5BOKVOH#SVBT1PSUSFHJTUFSFE QPSUDBMMT ':DBMMT year.
4JODF DPNNFODJOH DPOUBJOFS PQFSBUJPOT JO "QSJM 5BOKVOH These initiatives in combination with a few others reduced the
Bruas Port envisions functioning as a transhipment port to MMC’s operating costs of container operations and improved gross profit
Our Vision
/PSUIQPSU MPDBUFE BU 1PSU ,MBOH ': TBX 5BOKVOH #SVBT
Port actively engaging feeder operators to supply geared barges
Our Mission
margin from July 2020 by approximately 3.5% to 30%.
to expand To the be
port’sa transhipment capabilities.and
Premier Utilities These included OUTLOOK AND PROSPECTS Excellence in our
established operators such as PACC, Multicargo Express, QEL 5BOKVOH#SVBT1PSUJTFWPMWJOHJOUPBWJCSBOUBOENVMUJQVSQPTFQPSU
and Gui Shipping. Efforts were also undertaken to expand yard that is driven by increased port capacity and new cargo contracts
capacity. We are driven by a commitment to t .BYJNJTFTIBSFIPMEFSWBMVF
made possible through strategic alliances with third parties.
5BOKVOH #SVBT 1PSU DPOUJOVFE UP GBDF TQBDF DPOTUSBJOUT XIJDI While FY2021 is expected to remain challenging as the effects of
impacted the port’s capabilities to meet throughput demand in the the COVID-19 pandemic
t Be thecontinues
preferred to dampen
employereconomic recovery,
short-medium term. Through strategic alliances formed with third 5BOKVOH #SVBT 1PSU FYQFDUT EPNFTUJD EFNBOE GPS JNQPSUT o BT
QBSUJFT 5BOKVOH #SVBT 1PSU XBT BCMF UP JODSFBTF QPSU DBQBDJUZ We serve
well as exports our stakeholders
to China, Japan and Koreawith a–steadfast
to serve as growth
secure new cargo and mitigate space constraint issues. commitment to excellence
catalysts for its operations.
0O +VMZ 5BOKVOH #SVBT 1PSUT 3FWJTFE .BTUFSQMBO The Melaka Government is developing a new RM100 billion
Our Core Values

received Government’s approval, paving the way for a wide range
of improvement works to proceed in FY2021. These include an
economic corridor – the Melaka Waterfront Economic Zone
(“M-Wez”) – to attract high-impact investment.
I N T E C
extension of the wharf deck by 50 metres into a linear berth and the
reclaiming of 30 acres of seabed for the construction of an open M-Wez encompasses 20 kilometres of reclaimed coastal land,
yard and warehouse. These capacity expansions will enhance JODMVEJOH 5BOKVOH #SVBT 1PSU BT JUT DPOUBJOFS IVC ,VBMB -JOHHJ
5BOKVOH#SVBT1PSUTUFSNJOBMBTBXIPMFHPJOHGPSXBSE International Port (as the oil and gas industry service hub), and
Integrity Innovation Teamwork Excellence Commitment
Melaka Gateway (as the international cruise terminal). This initiative
5BOKVOH #SVBT 1PSU BMTP DPOUJOVFE UP MFWFSBHF PO JUT TUSBUFHJD will benefit the maritime sectors across the entire value chain.
location at the centre of international shipping lanes, to position
itself as a cargo distribution hub for Melaka, while offering other 5BOKVOH #SVBT 1PSU XJMM DPOUJOVF UP EFMJWFS ýSTUSBUF TFSWJDF UP
business services such as ship-to-ship
Our actionsoperations,
are guidedbunkering,
by our core fresh
values,existing customersinand
setting standards theexplore
way wenew workbusiness opportunities from/
water, ship supplies and in-port crew changes. to Melaka industrial players for both conventional and containerised
cargo in FY2021.
BUSINESS AND OPERATIONAL PERFORMANCE
Financial Results and Statistics 5ISPVHI PVS IVC QPSU TUSBUFHZ 5BOKVOH #SVBT 1PSU XJMM DPOUJOVF
*O ': 5BOKVOH #SVBT 1PSUT UPUBM SFWFOVF TUPPE BU 3. to pursue operating as a feeder port to Northport and Westport
The Value We Create
million, 9% lower year-on-year (FY2019: RM23 million). Despite JO 1PSU ,MBOH BOE WJDF WFSTB *O QSFQBSBUJPO 5BOKVOH #SVBT 1PSU
topline performance declining, PBT improved by 22% to RM6 continues to ensure that basic infrastructure is in place. The port
million (FY2019: RM5 million). will require an additional container stacking area, empty container
We drive the depot,
We buildsupporting equipment and the necessary Information
We masterplan
Earnings were also improved on the back ofnation’s
We connect reduced growth
costs. This infrastructures
and Communications Technology
and progress by the growth(“ICT”)
of infrastructure to further
is due to reduced contract goodsand rental costs as well as that
people,labour afford
establish itsour
positioningindustries
as a multipurpose port.
providing energy, that
and businesses
lower outsourced services. The latter was due toand
a reduction in society the
gas water drive the nation’s
steel coil and container volumes which translated into significantly
enjoy today
MPXFS TUFWFEPSF DPTUT 5BOKVOH #SVBT 1PSU BSSBOHFE GPS B MPXFS
industries

003
105
CORPORATE BROCHURE
Corporate Overview
MD&A
ABOUT US
OPERATIONS REVIEW

)FODF UIFJNQPSUBODFPGEFWFMPQJOHUIFOFXKFUUZQPSUUPPQUJNJTF developed group synergies with MMC Engineering, Tradewinds
the positioning of port cranes and other supporting equipment. (Bernas and CSR), Northport and KTMB-MMC.
0ODF DPNQMFUFE 5BOKVOH #SVBT 1PSUT DBQBDJUZ XJMM JODSFBTF
significantly – up to 5.0 million tonnes yearly for conventional cargo Essentially, the challenging operating environment was approached
and up to 250,000 TEUs of container handling. This increased as an opportunity to refine the business model and to develop its
Ports and Logistics
DBQBDJUZ XJMM TJHOJýDBOUMZ JODSFBTF 5BOKVOH #SVBT 1PSUT BCJMJUZ UP resilience in the wake of the COVID-19 pandemic.
act as a distribution hub and industrial gateway for Melaka and
neighbouring states. BUSINESS AND OPERATIONAL PERFORMANCE
Financial Results and Statistics
million TEUs1PSU JT FYQMPSJOH DPMMBCPSBUJPO PQQPSUVOJUJFT XJUI In FY2020, Kontena Nasional posted revenue of RM111 million
5BOKVOH #SVBT
Kumpulan Melaka Berhad,
Port Operations as well as other third parties, to use their
in Malaysia (FY2019: RM166 million), while LBT and LAT stood at RM11 million
facilities outside the port boundary
t 1FMBCVIBO5BOKVOH1FMFQBT4EO#IE to cater for expected additional 1#5':3.NJMMJPO BOE3.NJMMJPO 1"5':3.
throughput in FY2021.
t +PIPS1PSU#FSIBE million) respectively. Inclusive in PBT FY2019 was dividends income
t /PSUIQPSU .BMBZTJB #IE of RM48 million received by Kontena Nasional from Kontena
Priorities for FY2021 will be to further standardise services and
t 1FOBOH1PSU4EO#IE Nasional Global Logistics.
operations, improve customer service, grow revenue and EBITDA,
BOE FOTVSF B TUSPOHFS DBTI þPX BOE MPXFS HFBSJOH 5BOKVOH Total cargo volume decreased 9.0% year-on-year from 69,500
Port Operations
Bruas in on
Port will focus Saudi Arabiaefficiency and Take Cost Out
operational TEUs in 2019 to 63,200 TEUs in 2020.
Red Sea Gateway
initiatives. Terminalpriorities
These strategic Company willLimited operates
be pursued a container
in line with the port terminal within the
Jeddah
Port Islamic Plan
Expansion Port.2021–2026 to achieve the targeted throughput HIGHLIGHTS AND ACHIEVEMENTS
and revenue for FY2021. In FY2020, Kontena Nasional’s haulage operations achieved
Logistics Operator greater reliability and efficiency, with reduced downtime and faster
Kontena Nasional
KONTENA BerhadBERHAD
NASIONAL is one of the largest integrated logistics companies in Malaysia.
turnarounds. Fleet availability was also improved. Furthermore,
Kontena Nasional ensured occupancy rates were at 80% and
OPERATING ENVIRONMENT AND STRATEGIC RESPONSE BUUIFJSXBSFIPVTFBOEZBSESFTQFDUJWFMZ5IFTFSFTVMUTXFSF
Kontena Nasional Berhad (“Kontena Nasional”) faced various secured by their efforts to improve handling standards and value-
challenges in FY2020. Among these, a large number of Kontena added activities.
Nasional’s customers came under the ‘non-essential goods and
Power Generation
services’ category andand as Water
such, hadDesalination
to suspend operations for Freight Forwarding
the duration of the MCO. Consequently, TEUs dropped by 9% we are the largest
DespiteIndependent
the challenges in FY2020, Kontena Nasional secured
in FY2020, leading to a 30% decrease in the company’s revenue generation capacity
contract 5,822MW.
of extensions ranging between one and three years from
Malakoff’s international assets include power and water ventures in Saudi
year-on-year. Arabia, across
customers Bahrain various sectors and industries, namely oil and gas,
BOE0NBO XJUIBOFGGFDUJWFQPXFSHFOFSBUJPODBQBDJUZPG.8BOE N
chemical, 3
/day and manufacturing and telecommunication
automotive
However, Kontena Nasional responded with resilience and agility among others.
to the prevailing scenario. With many of Kontena Nasional’s
Natural Gas
DVTUPNFST Distribution
CFJOH VOBCMF UP PQFSBUF UIF DPNQBOZ SFBEKVTUFE JUT During FY2020, Kontena Nasional made strides towards Third
Through Gas
customer Malaysia
acquisition Berhad,to
strategies we supply
focus reticulated natural
on businesses deemedgas
as in Peninsular Malaysia.
Party Logistics (“3PL”) in its freight forwarding operations. Another
We also operate and maintain 2,600 kilometres of Natural
essential services. This included eCommerce fulfilment providers, Gas Distribution System
highlight was their continued diversification into specialised and
network.
pharmaceutical, FMCG, retail firms and others. niche markets such as high security and sensitive cargo.
Water Solutions
Beyond Provider Kontena Nasional looked to realise
customer acquisition, OUTLOOK AND PROSPECTS
Through Aliran Ihsan Resources
further gains in operational Berhad,
and cost we are This
efficiencies. a pioneer in wastewater recycling
included The demand for third-party warehouses is expected to remain
technology
shutting and aoperations
haulage water treatment specialist.
in Johor and scaling down operations positive in FY2021, despite the uncertainty that COVID-19 has
in Port Klang. brought to the global market. The proliferation of e-commerce and
the increasing transition of cold chain distributors to online sales are
Kontena Nasional significantly harnessed Group synergy in FY2020 creating greater demand for warehousing and cold chain facilities.
by sharing marketing efforts and co-branding with Northport
which helped expand the customer base. Kontena Nasional also
026
004
CORPORATE BROCHURE
MMC
There is also more demand for last-mile delivery, CORPORATION
owing to shifts in BERHAD is a leading utilities
consumer online spending. People want their e-commerce orders
delivered as fast as possible, which drives a need for more inventory
storage and distribution centres that arein Malaysia
closer and abroad
to consumers.
In response, manufacturers and retailers are consolidating or
relocating to less expensive facilities with lower rents, thereby
creating opportunities for cost savings via supply chain solutions.
Our Vision
The initial COVID-19 outbreak prompted Kontena Nasional to place
SBJMJOGSBTUSVDUVSFBOEPJMBOEHBTESJMMJOHQSPKFDUTPOIPME/PXUIBU
Our Mission
the pandemic’sTo beimpacts are better Utilities
a Premier understood,and
the company is Excellence in our
SFBTTFTTJOHUIFTFQSPKFDUTXJUIBWJFXUPJNQMFNFOUJOHUIFNXIJMF
looking to scale down the deployment to further rationalise costs.
Capacity, both air and
buildsea, will most
a better world likely
for allremain a challenge. t 4FSWJDFFYDFMMFODFUPTUBLFIPMEFST
4IJQQFSTBSFIPXFWFSQSPKFDUJOHCFUUFSZJFMETEVFUPUIFJNQPTJUJPO t -FBEJOWBMVFJOOPWBUJPO
of surcharges. t Be the preferred employer
Transitioning into a 3PL Service Provider We serve our stakeholders with a steadfast
In FY2020, Kontena Nasional had operated as a Second Party commitment to excellence
Logistics (“2PL”) company, in a market defined mostly by rates
and price. To remain relevant in a fast-changing world and take
Our Core Values

full advantage of our considerable and strategically located assets,
Kontena Nasional is looking to evolve from a 2PL company into a
I N T E C
3PL service provider with Fourth Party Logistics (“4PL”) capabilities.
Kontena Nasional is effectively developing its capacity to manage
customers’ entire supply chains. The company will be looking
to scale up the value chain to offer services that provide higher
margins and fulfil customer needs more comprehensively.
Realising the 3PL transition will require intensive recruitment and

development of specialists in all aspects of shipping logistics. These
specialists will be tasked with
Our identifying
actions arebusiness
guided byopportunities
our core values, setting standards in the way we work
quickly and marketing targeted solutions to potential customers.
These logistics experts will operate through a centrally hosted,

integrated IT suite of supply chain technology that enables them to
manage complex domestic and global supply chains.
The Value We Create
enjoy today
industries

003
107
CORPORATE OVERVIEW
Energy and
Utilities
Powering the Nation,

Our Vision IlluminatingOur a Brighter
Mission
Future
Through Malakoff, Alam Flora, Gas Malaysia and AIR Berhad,
MMC’s Energy and Utilitiest Be
Division continues
the preferred employerto meet the
nation’s basic utility needs, while embracing the opportunities
of a liberalised market environment. We continue to drive socio-
economic progress and deliver a more sustainable future that
offers brighter prospects.
Our Core Values
I N T E C
Commitment
The Value We Create

enjoy today
industries

109
003
CORPORATE BROCHURE
Corporate
CorporateOverview
Overview Leadership Corporate Highlights Key Messages MD&A
MD&A
ABOUT US
OPERATIONS REVIEW
MALAKOFF CORPORATION BERHAD strong workforce even within a work-from-home setting, which
had become the new normal during the pandemic year. Malakoff
are divided
OPERATING into four
ENVIRONMENT core business
AND STRATEGIC RESPONSE divisions:
is pleased to report that it has retained 100% employment during
With power and waste collection services being essential services, the pandemic year and has provided ample training opportunities
Malakoff Corporation Berhad (“Malakoff”) experienced limited for its employees.
disruption from the COVID-19 pandemic in FY2020. Nevertheless,
Ports and Logistics
electricity demand had reduced significantly due to lower industrial Business synergies with other MMC business divisions and
Wecommercial
and are one activities
of theon10thelargest port
back of the initialoperators
MCO. in
theoperating
world companies
with a were also leveraged upon in FY2020. As at
31 December 2020, Malakoff’s effective power generation capacity
million
The TEUsin industrial energy demand was partially offset was retained at 6,410MW, effective water production capacity
reduction
by increased domestic consumption attributed to the various TUPPE BU N3/day and the total solid waste management
lockdowns that had restricted the populace in their homes. volume was at 4,145 tonnes/day.
Electricity demand averaged at 1.80% in terms of annual growth
t +PIPS1PSU#FSIBE
and an additional 9,321MW was required in terms of new capacity BUSINESS AND OPERATIONAL PERFORMANCE
to meet this demand growth. Financial Results and Statistics
t 1FOBOH1PSU4EO#IE
1SPHSFTTJWFMZ BTCVTJOFTTPQFSBUJPOTBOEFNQMPZFFTBEKVTUFEUP Revenue
the requirements of new SOPs such as staggered working hours In FY2020, Malakoff’s revenue declined by 15% year-on-year to
and rotational shifts and social distancing, consumption improved 3.CJMMJPO ':3.CJMMJPO BTBSFTVMUPGMPXFSFOFSHZ
in the second half of the financial year. QBZNFOUTGSPN5BOKVOH#JO1PXFS4EO#IE i5#1w BOE5BOKVOH
Bin Energy Sdn Bhd (“TBE”) coal plants on the back of a reduction
8JUI UIF FYDFQUJPO PG 5BOKVOH #JO &OFSHZ 1PXFS 1MBOU i5#&w in the Applicable Coal Price (“ACP”).
Logistics Operator
in FY2020, all conventional power plants met or exceeded their
Equivalent Availability Factor as per their purchasing power Revenue was also impacted by lower energy payments from Segari
agreements (“PPA”). However, capacity factor and effective energy Energy Ventures Sdn Bhd (“SEV”) gas plant which was impacted by
generation capacity were lower in FY2020 (kindly refer to the a decrease in the dispatch factor.
Financial Results and Statistics subsection for detailed information).
We are a total energy solutions provider However, these were partially cushioned by Alam Flora’s full year
FY2020 saw the full year recognition of Alam Flora Sdn Bhd’s (“Alam revenue contribution, the newly acquired subsidiary.
Power Generation
Flora”) contribution and Water
to Malakoff’s Desalination
revenue and earnings. Alam Flora’s
Through Malakoff Corporation
financial performance Berhad
partially offset (“Malakoff”),
the reduced we are
contribution the largest
from EarningsIndependent
Power Producer
Malakoff’s energyingeneration
Malaysia with a total effective power generation capacity
segment. 1SPýU of 5,822MW.
"GUFS 5BY BOE .JOPSJUZ *OUFSFTU XBT MPXFS BU 3.
Malakoff’s international assets include power and water ventures in Saudi Arabia,
million Bahrain
(FY2019: RM323 million) due to the absence of one-off gains
Alam Flora saw an increase in demand for its services in FY2020, N 3
/day
from the disposal of Macarthur Windfarm and the re-measurement
especially for its sanitisation and disinfection services in three of investment upon acquisition of an additional 12% equity interest
DPODFTTJPOBSFBToBSPVOE,VBMB-VNQVS 1VUSBKBZBBOE1BIBOH in Shuaibah Phase 3 IWPP.
with the heightened concern in preventing the spread of COVID-19.
Through Gas Malaysia Berhad, we supply reticulated natural gas in Peninsular
These were Malaysia.
partially offset by the absence of the effects of net
We also operate
Business and remained
development maintain 2,600 kilometres
a priority of Natural
with Malakoff Gas
pursuing Distribution
impairment System
loss on the carrying value of Malakoff’s investment in
network.
conventional power plant and water potentials in Malaysia, South its 40% owned associate Kapar Energy Ventures Sdn Bhd (“KEV”)
East Asia and the Middle East. The company was also successful in December 2019.
Water Solutions
in expanding Provider and maintenance activities and its
its operations
Through
renewableAliran
energyIhsan
(“RE”)Resources Berhad, Malakoff
footprint in FY2020. we are had
a pioneer in wastewater
tendered It was alsorecycling
moderated by higher contributions from associates and
GPS CJPHBT QSPKFDUT XJUI UIF 4VTUBJOBCMF &OFSHZ %FWFMPQNFOU KPJOUWFOUVSFTQSJNBSJMZEVFUPUIFBCTFODFPG,&7TTIBSFPGMPTTFT
"VUIPSJUZ PG .BMBZTJB i4&%"w BOE SPPGUPQ TPMBS QSPKFDUT XJUI and better earnings from Shuaibah.
Environment
various CommercialManagement
and Industrial (“C&I”) players.
Additionally, Malakoff had registered a full-year contribution from
management companies in Malaysia specialising in managing
Employees remained a priority in FY2020 with Malakoff focusing and reducing
the newlywaste with subsidiary, Alam Flora.
acquired
minimal environmental
on developing impact.
the technical and management skills of its people.
Utilising digital platforms, training was made available to the 3,981
110
030
CORPORATE BROCHURE
Other Key Statistics MMC CORPORATION Project/Divisional

BERHAD Updates
is a andleading
Developments – Malakoff
utilities
Plant % Stake Generating Effective In FY2020, Malakoff was successful in growing its RE footprint. The
and infrastructure
Capacity (MW) Capacity (MW)i group
company with
successfully diversified
secured Solar Powerbusinesses
Purchase Agreement
TBP 90.0% 2,100

in Malaysia
1,890
and abroad
i411"w GPSUISFFSPPGUPQTPMBSQSPKFDUTBU+PIPS1PSU .8Q
capacity), Northport (4.93MWp capacity) and PMB Properties Sdn
TBE 100% 1,000 1,000
Bhd (2.34MWp capacity). Malakoff also secured the Ulu Sebol
SEV 93.8% 1,303 1,222 CJPHBTQSPKFDUXJUI.8DBQBDJUZ
GB3 Power 640 480
Plant Though the RE footprint remains small at present, it marks a gradual
(“GB3”)
increase and the experience gained holds Malakoff in good stead
KEV 40.0% 2,200 880 UPXBSETTFDVSJOHNPSFQSPKFDUT CPUIMPDBMMZBOEBCSPBE
Prai Power To be a Premier350
100% Utilities and 350 Excellence in our
Plant Infrastructure Group Core Updates
Project/Divisional Business
andSegments
Developments – Alam
(“PPP”)
Flora
WeTotal
are driven by a7,593
commitment to 5,822 t .BYJNJTFTIBSFIPMEFSWBMVF
Malakoff acquired Alam Flora to introduce market-leading new
environmental technology and institutional knowledge into the
Capacity Factor t -FBEJOWBMVFJOOPWBUJPO
MMC Group. Alam Flora Environmental Solutions (“AFES”), a
Capacity FY2020 FY2019 Variance wholly-owned subsidiary of Alam Flora, paves the way for MMC
Factor to secure a foothold in the high growth waste management and
SEV 8% 36% -28% environmental services segment. to excellence
commitment
GB3 10% 32% -22%
Beyond its regular waste collection services, Alam Flora was an
PPP 20% 63% -43%
active participant in combatting the COVID-19 pandemic throughout
TBP 86% 80%
Our Core Values
+6%
FY2020. Alam Flora had disinfected 19 premises across its three
I N T E C
TBE 81% 68% +13% concession areas.
KEV 45% +12%
A key highlight was the establishment of a Port Reception
Capacity Factor for Malakoff’s gas-fired plants was lower on Facility (“PRF”) at Northport. The PRF enables the management
the Integrity
back of reduced gridInnovation
demand attributed to the Teamwork
COVID-19 of scheduled Excellence
and non-scheduled waste Commitment
in compliance with the
pandemic period, where the MCO lockdown had impacted energy International Convention for the Prevention of Pollution from Ships
consumption demand from a wide range of industries. (“MARPOL”) standard.
Equivalent Availability Factor (“EAF”) Fully operational in February 2020, this makes Northport the first
EAF FY2020 Our actions are guided by
FY2019 our core values,port
Variance in Malaysia
setting to in
standards house a PRF
the way we within
work its terminal. For now, there
are only 41 ports in the world that provide such a facility.
SEV 95% 84% +11%
GB3 92% 88% +4% AFES also continued to explore opportunities in Treatment and
PPP 61% 92% -31% Storage, Disposal Facilities (“TSDF”) across the country.
TBP 92% 82% +10%
TBE 90% The Value We Create
OUTLOOK
+18% AND PROSPECTS
While global demand for energy declined by 6% in the wake of
KEV 94% +20%
COVID-19, as the pandemic abates, economic activity is likely to
We drive the pick
Weup, leading to increasing commercial and industrial demand
build
PPP’s EAF in FY2020 was lower due to Hotnation’sGas Pathgrowth
Inspection Wethe masterplan
We connect for power. In particular,
infrastructures Asia Pacific and Middle East have
i)(1*w PO UIF HBT UVSCJOF BOE NBKPS JOTQFDUJPO
and GPS 4UFBN
progress by the growth of
people, goods that
beenafford our as key markets that will require additional energy
identified
Turbine conducted inand
first businesses
quarter 2020. Bothproviding
inspections caused a
energy, industries that
society the
generation capacity to fuel industrial and socio-economic growth.
significant downtimeacross
for the plant and hence impacted
gas and EAF.
water drive the nation’s
the globe convenience they
enjoy today
industries
1
Effective Capacity refers to the effective capacity owned by MCB based on the percentage stake.
111
003
CORPORATE BROCHURE
Corporate
CorporateOverview
MD&A
ABOUT US
OPERATIONS REVIEW
RE is expected to carry greater promise than conventional power

Therefore, Malakoff expects considerable growth in the waste
plants going forward, attributed to growing emphasis from both
management sector, with key focus areas being municipal,
industry and government stakeholders. US President, Joe Biden
hazardous industrial and hazardous medical waste. Over 60% of
has announced climate change being a key policy matter unlike in Malaysia’s total waste market is made up of municipal solid waste
the previous administration. This provides further impetus for RE and hazardous industrial waste, with the hazardous medical waste
globally. share growing quickly.
Ports and Logistics
We are one
In Malaysia, of the
the energy 10 largest
outlook port operators
remains promising in theWhile
for RE. Budget world with a waste sector has high barriers to entry, there is
the municipal
totaland
2021 container handling
the Net Energy capacity
Metering across
3.0 (“NEM all ports in Malaysia
3.0”) announcement also a highofdemand
21.5 for integrated facilities and legal recycling, with
million
by TEUs
the Energy and Natural Resources Ministry aims to encourage new eco parks being a distinct possibility.
companies and industries transitioning into renewables.
Subsequently, this will lead to increased demand which RE players Malakoff will continue to explore potential greenfield and brownfield
such as Malakoff can benefit from. opportunities in power and waste management sectors, both in
t +PIPS1PSU#FSIBE
Malaysia and in other high-growth regions, such as South East Asia
Three key trends that will transform the energy industry are and the Middle East.
t 1FOBOH1PSU4EO#IE
decarbonisation, decentralisation and digitalisation. RE growth is
fuelled by lower operating costs and the impact of climate change. The company remains on track with its long-term Aspirational
Consumers will be able to manage their own energy portfolio, while Target, which is to have conventional power generation capacity
analytics will be used to manage demand and supply. of 10,000MW, water desalination capacity of 1,000,000 m3/day,
RE portfolio capable of producing 1,000MW and solid waste
With growing water consumption demand, the Middle East is also management capability of 10,000 tonnes per day.
expected to see its desalination market expanding to USD4.3
Logistics Operator
billion
Kontena perNasional
annum by FY2022.
Berhad GAS MALAYSIA
is one of the largest integrated logistics companies in Malaysia.BERHAD
Malakoff continues to face the challenge of expiring PPAs with OPERATING ENVIRONMENT
limited opportunities to expand overseas and no new local The advent of the COVID-19 pandemic in FY2020 had impacted
QSPKFDUT BU QSFTFOU *O PQFSBUJPOBM UFSNT BTTFUT BSF BHFJOH BOE the industry and brought about a weaker business sentiment.
the operating landscape is shifting away from fossil fuels due to Despite the unprecedented challenge, Gas Malaysia Berhad (“Gas
climate change pressures. In practical terms, our coal-fired power Malaysia”) was able to sustain its business performance. The fact
Power Generation
plants are increasinglyand WatertoDesalination
expensive insure and their tax rates are that this was achieved against the backdrop of unprecedented
Through
high. TheseMalakoff Corporation
will inevitably Berhadwith
be upgraded (“Malakoff”), we are or
newer technology the largest Independent
trying conditions that has impacted the business illustrates strong
Power Producer
replaced over time.in Malaysia with a total effective power generation capacity of 5,822MW.
fundamentals and resilience of Gas Malaysia’s business model.
BOE0NBO
In responseXJUIBOFGGFDUJWFQPXFSHFOFSBUJPODBQBDJUZPG.8BOE
to RE opportunities, Malakoff will accelerate its efforts With theN
3
/day of the first Movement Control Order (“MCO”) in
introduction
to transit its energy generation mix towards RE sources. Over the March 2020, business activities of various industries were curtailed
next 10 years, RE’s share of the local energy market is expected and resulted in a reduction in gas demand. However, as the months
Natural Gas
to rise from 9%Distribution
to 23%, with thermal energy’s share dropping from progressed Gas Malaysia was able to stage a recovery in terms of
Through
UP Malaysia Berhad, we supply reticulated natural gas in
Gas Peninsular
gas sales Malaysia.
from May 2020 onwards in line with the gradual reopening
of the economy.
network.
.BMBLPGG IBT TFWFSBM NPSF SPPGUPQ TPMBS QSPKFDUT JO UIF QJQFMJOF
Various RE tenders have been submitted that will support the ADAPTING TO THE NATURAL GAS MARKET
Water Solutions
sustainable growth Provider
of the company’s RE portfolio. LIBERALISATION
Through Aliran Ihsan Resources Berhad, we are a pioneer in wastewater As a resultrecycling
of the Government’s gas market liberalisation initiative
Malakoff via its subsidiary Alam Flora, is also considered new under the Third-Party Access (“TPA”), the year 2020 saw the
opportunities in waste management and environmental services. operating environment transitioning into one that is increasingly
Environment
The 12th Malaysia Management
Plan (2020–2025) provides for 14 non-sanitary dynamic. Gas Malaysia is supportive of this initiative as it enables
Through
landfills toMalakoff’s
be closedsubsidiary, Alamlandfills
and 5 sanitary Flora Sdn
andBhd, we are one
29 transfer of the leading
stations environmental
competitiveness in the gas industry. To ensure that it remains
management companies in Malaysia specialising in managing and
to be built respectively. It also plans to increase the national recycling reducing waste
competitive, Gaswith
Malaysia has taken necessary steps to realign its
SBUFGSPNUPCZ strategy to face the new business landscape.
112
032
CORPORATE BROCHURE
To comply with the new regulatory requirements MMCunder TPA, Gas

CORPORATION Gas Malaysia successfullyis
BERHAD renewed its Gas Supply
a leading Agreements
utilities
Malaysia has unbundled its business operations into two separate (“GSA”) with all existing industrial customers.
business entities, namely, the distribution and arm infrastructure
(Gas Malaysia group with diversified businesses
Distribution Sdn Bhd) and the shipment arm in(GasMalaysia and abroad
Malaysia Energy In terms of growth and business diversification, Gas Malaysia
and Services Sdn Bhd). secured new customers via its subsidiary, Gas Malaysia Virtual
Pipeline Sdn Bhd (“GMVP”) for the delivery of compressed natural
The distribution arm will be responsible for the gas distribution gas (“CNG”) to customers remotely located from the NGDS
business and the shipment arm will focus on the retailing part of network.
the gas business. Both subsidiaries have obtained the necessary
Our Vision
operating licences from the Energy Commission. Our Mission
Gas Malaysia remains committed in adhering to internationally
recognised management system standards and in improving
To be a Premier
Strategic Response to Operating Utilities
Environment and operational excellence.Excellence in Gas
During the year, ourMalaysia maintained
Infrastructure
Upon the declaration of COVID-19 asGroup a global pandemic, Gas Core Business
the following management Segments
system certifications:
Malaysia immediately implemented the necessary precautionary t *40 2VBMJUZ.BOBHFNFOU4ZTUFNT
measures to manage the risk of exposure to employees and lessen t *40 &OWJSPONFOUBM.BOBHFNFOU4ZTUFNT
the possibility of virus transmission at workplace. Gas Malaysia t *40 0DDVQBUJPOBM)FBMUI4BGFUZ.BOBHFNFOU
conducted swab tests and regularly sanitised its offices throughout Systems)
Peninsular Malaysia. t *40*&$ *OGPSNBUJPO 4FDVSJUZ .BOBHFNFOU
Systems)
In support of the Government’s battle against the COVID-19 commitment to excellence
pandemic, Gas Malaysia announced relief measures for its selected In 2020, these certifications were also extended to subsidiaries –
customers in low-cost residential, retail commercial, government GMES, GMD, and Gas Malaysia Retail Services Sdn Bhd.
hospital and hotel services.
Our Core Values On 30 November 2020, Gas Malaysia received the award for the
I N T E C
As a responsible corporate entity and as a show of support to Highest Return on Equity Over Three Years under the utilities sector
the medical frontliners working tirelessly to ensure the safety of at The Edge Billion Ringgit Club Corporate Awards 2020. The Edge
all Malaysians, Gas Malaysia contributed digital handheld pulse Awards celebrates the achievements of Malaysia’s best performing
oximeters to four government hospitals. The beneficiary hospitals companies with a market capitalisation of at least RM1.0 billion.
XFSF)PTQJUBM3BKB1FSNBJTVSJ#BJOVOBOE)PTQJUBM5FMVL*OUBOCPUI Excellence Commitment
in Perak, Hospital Tengku Ampuan Afzan in Pahang and Hospital OUTLOOK AND PROSPECTS
Sultanah Aminah in Johor. With the rollout of the COVID-19 vaccination programme by the
Government to better contain the pandemic, the nation’s economy
BUSINESS AND OPERATIONAL PERFORMANCE and consumer sentiment are expected to show positive signs
Overview of Financial Results and are
Our actions guided by our core values,toward
Statistics setting recovery.
standards in the way we work
In FY2020, Gas Malaysia posted revenue of RM6.69 billion (FY2019:
RM 6.89 billion), while Profit After Zakat and Tax stood at RM213 The COVID-19 pandemic has also taught Gas Malaysia to adapt
million (FY2019: RM190 million) respectively. and embrace the new norms of doing business. Supported by a
competent and adaptable talent pool, Gas Malaysia will continue
HIGHLIGHTS AND DEVELOPMENTS to improve operational performance and provide customer-centric
The Value We Create
Ensuring safe and reliable gas delivery to local industries, commercial solutions.
businesses and residences is key to sustaining Gas Malaysia’s
business performance. During FY2020, the company successfully Gas Malaysia will continue to reinforce efforts to advocate the use
We drive
sustained its gas supply reliability rate of approximately the
99%. ofWenatural
build gas, as it is poised to continue being an important fuel
We connect compared with other competitive alternatives in the years ahead. In
infrastructures
people,
In FY2020, the expansion of thegoods
Kinta Valley NGDS network allowed that the afford
coming our
years, the demand for gas is expected to increase as a
and48businesses
Gas Malaysia to identify prospective customers. The Kinta Valley society
result the liberalisation. This encouraging outlook augurs well
of market
across JO
QSPKFDU XIJDI DPNNFODFE the globe
JT POF PG (BT .BMBZTJBT LFZ convenience
for Gas they With a long and commendable track record in the
Malaysia.
enjoy today
QJQFMJOFFYQBOTJPOQSPKFDUT*UJTOPXOFBSJOHDPNQMFUJPOXJUI
industries gas industry, Gas Malaysia will continue to focus on strengthening
of the planned pipeline constructed. its business presence in the gas industry value chain and foster
sustainable growth.
113
003
CORPORATE BROCHURE
Corporate
CorporateOverview
MD&A
ABOUT US
OPERATIONS REVIEW
ALIRAN IHSAN RESOURCES BERHAD AIR Berhad also focused on upskilling employees to reduce
reliance on outsourced skills, while implementing new technologies
are divided
OPERATING into four core business divisions:
ENVIRONMENT to increase water yield, reduce costs and increase efficiency. The
Aliran Ihsan Resources Berhad (“AIR Berhad”) is a water and operating company also worked closely with key clients from the
wastewater treatment specialist company, focusing on municipal healthcare industry as well as related manufacturers. These included
water works, industrial wastewater and recycling solutions, as well glove manufacturers, to ensure that their water requirements were
Ports and Logistics
as non-revenue water (“NRW”) management. NRW includes pipe met during the height of the pandemic. Business development
We are one of the 10 largest port operators
and water meter rehabilitation works, replacement programmes, in the worldwere
activities withcontinued,
a driven by constant engagement with the
total container handling industrial
capacity across all ports in Malaysia of 21.5 water sector and potential NRW customers, both inside
and leak detection and resolution.
the MMC Group and externally.
million TEUs
COVID-19 had limited impact on the industrial water sector, and in
Port Operations in Malaysia BUSINESS AND OPERATIONAL PERFORMANCE
fact, had led to additional inquiries from the rubber manufacturing Financial Performance and Highlights Developments
TFDUPS)PXFWFS XBUFSJOGSBTUSVDUVSFQSPKFDUTXFSFNPTUMZEFGFSSFE In FY2020, AIR Berhad recorded revenues of RM24 million (FY2019:
t +PIPS1PSU#FSIBE
in FY2020 and the several lockdowns led to an overall reduction in 3. NJMMJPO BOE B 1#5 QFSGPSNBODF PG 3. NJMMJPO ':
water demand, driven by lower consumption from the industrial and RM4 million). PAT for FY2020 stood at RM3 million (FY2019: RM3
t 1FOBOH1PSU4EO#IE
commercial sectors. This was offset partially by increased domestic million).
consumption in FY2020.
The company had abstracted and treated 1,345,205m3 of municipal
COVID-19 aside, the traditional challenges impacting the growth of water and 55,044,249m3 of recycled water. At Johor Port, where
the water industry continued to impact the performance of water "*3#FSIBEJTQSFTFOUMZNBOBHJOHB/38QSPKFDU UIFDPNQBOZT
operators. This includes delays in implementing the national NRW efforts have achieved NRW savings from 54% (actual) to 12%
plan, stagnant water tariffs, increasing competition (that continues DVSSFOU 5IJTUSBOTMBUFTJOUPBýOBODJBMTBWJOHTPG3. QFS
Logistics Operator month.
to lead toNasional
Kontena price wars and erosion
Berhad is one ofofthe
margins)
largestas well as continued
integrated logistics companies in Malaysia.
dwindling water supply in upstream rivers. The latter is exacerbated
5IFPQFSBUJOHDPNQBOZSFDFJWFETFWFSBMNBKPSDPOUSBDUTJO
by climate change, changing rainfall and weather patterns as well
as follows. QSR Berhad (Ayamas Bandar Tenggara) awarded
as upstream water pollution.
AIR Berhad the build-operate-transfer (“BOT”) contract to supply
Energy and Utilities reclaimed water for 13 years at a production capacity of 500m3/
We arethe
Notably, a total energy
continued solutions
deferment provider
of an upward revision in water day, while Malaysian Airport Holdings Berhad has given a Letter
tariffs prevents AIR Berhad from undertaking much needed of Intent to AIR Berhad for a 10-year BOT contract for water
Power
operation Generation and Water
and maintenance (“O&M”)Desalination
activities. The requirement for reclamation and associated works.
Through
water class Malakoff
licensingCorporation BerhadO&M.
had also impacted (“Malakoff”), we are the largest Independent
At Ansell Melaka, AIR Berhad secured two contracts to construct
Malakoff’s
On a positiveinternational assetsthe
note, given include
low power
water and watermargins
reserve venturesinin Saudi
a 180m3/hr Bahrain
Arabia, equalisation pond (RM0.2 million) and a new 60m3/hr
most states in Malaysia of approximately 11% (far below the dissolvedN
air
3
/day system (RM0.3 million).
flotation
recommended 20%), Malaysian Government continues to express
interest in tapping reclaimed water or greywater for industrial and Berhad was also contracted to upgrade the existing water recycling
commercial use. However, with the onset of the pandemic and the process and treatment facilities at Top Glove Phase 1 and won the
Through Gas Malaysia Berhad, we supply reticulated natural
resulting slowdown in business activity, most industrial customers gas in BOT contract
Peninsular Malaysia.for water recycling and treatment facilities at Top
have chosen to defer plans to tap into greywater until FY2021 whenNatural Gas Glove Phase
Distribution 2.
System In addition, AIR Berhad was also awarded the 10-
network.
the economy is expected to begin to recover. year BOT contract at Careplus (M) Sdn Bhd for water recycling and
treatment facilities.
Water
Amidst Solutions Provider
this challenging macro-operating environment, AIR Berhad
Through Aliran Ihsan Resources Berhad,various
we arebusiness
a pioneerand Northport recycling
in wastewater awarded AIR Berhad the contract for NRW infrastructure,
has continued to operate and register
installation, measurement and reduction amounting to RM5 million.
technology and a water
operational highlights andtreatment specialist.
achievements.
Total value of contracts secured in FY2020 was RM122 million
Strategic Response to Operating Environment
(FY2019: RM45 million).
In response
Through to the subsidiary,
Malakoff’s pandemic,Alam
AIR Berhad developed
Flora Sdn new
Bhd, we are SOPs
one of the leading environmental
that include prevention
management companies measures andspecialising
in Malaysia response plans in case of
in managing and reducing waste with
infection. The company implemented
minimal environmental impact. quarantine protocols in the
event of infected personnel, revised working hours and shifts, and
issued Hazmat suits for employees.
114
034
CORPORATE BROCHURE
0UIFSIJHIMJHIUTJODMVEF"*3#FSIBETQSPKFDUTBUEFWFMPQJOHB/38
infrastructure, installation, measurement and reduction programme
andininfrastructure
at Senai International Airport and participating the sea water group with diversified businesses
desalination plant tender under Malakoff. Pertaining to the former,
AIR Berhad is awaiting the letter of award having secured the
QSPKFDU5IFTFBXBUFSEFTBMJOBUJPOQMBOUJTBUUIFCJEEJOHTUBHFBOE
AIR Berhad looks forward to receiving positive news in FY2021.

Our Vision
The Water Treatment Plant (“WTP”) market will inevitably grow
as every state in Malaysia faces serious water reserve issues.
Our Mission
Population, To
industrial and economic
be a Premier growth and
Utilities will also drive Excellence in our
increased water consumption. A growing demand for rubber glove
manufacturing is also prompting more water reclanation enquiries.
WTP growth will however be reliant on adequate funding by the t .BYJNJTFTIBSFIPMEFSWBMVF
Government and thebuild
private sector.world for all
a better t 4FSWJDFFYDFMMFODFUPTUBLFIPMEFST
Our value creation model is driven by a growing awareness of
the value of reclaiming wastewater. As the industry’s appetite for
water reclamation grows, AIR Berhad will continue to engage the
market with innovative solutions and creative business models. It
also intends to establish a professional in-house engineering team
to enhance the company’s overall offering with regards to tapping
reclaim water.
Our Core Values
"*3 #FSIBET TUSBUFHJD PCKFDUJWFT GPS ': BSF UP FOTVSF UIF
I N T E C
efficient operation of their municipal and industrial WTPs, while
gaining more customers for NRW management and in the industrial
water sector. Presently being considered are opportunities to expand
further afield in Malaysia and to develop strategic partnerships with
Integrity
Original Innovation
Equipment Manufacturer (“OEM”) for piping Teamwork
and other Excellence Commitment
products to reduce water losses or rehabilitate wastewater.
The company aims to strengthen their water reclamation operations

by closely monitoring volume output on a weekly basis. Another
key focus is helping to improve
Ourwater reserve
actions margins
are guided by and thereby
our core values, setting standards in the way we work
lower the operation costs of the state water operator. AIR Berhad
also expects to continue its contract with Lembaga Air Perak with
the possibility of unlocking a long-term concession. At the same
time, it aims to expand into other states within Peninsular Malaysia.
The Value We Create

enjoy today
industries
115
003
CORPORATE OVERVIEW
Engineering
Transforming
Landscapes,
Building the Nation

To be a Premier UtilitiesExemplifying
and resilience and Excellence
strength amidst
in our change and
Infrastructure Group challenge, MMC’s Engineering Division Segments
Core Business rises with the tide
to deliver many of the nation’s iconic engineering and
JOGSBTUSVDUVSFQSPKFDUT5IFEJWJTJPOTUBOETUBMMPOBOFOEVSJOH
legacy of having significantly contributed to nation building
and for continuing to reshape athe
t Be better future
preferred for Malaysia and
employer
Malaysians. We serve our stakeholders with a steadfast

Our Core Values
I N T E C
Commitment
The Value We Create

enjoy today
industries

117
003
CORPORATE BROCHURE
Corporate Overview
MD&A
ABOUT US
OPERATIONS REVIEW

ENGINEERING DIVISION and
third quarter saw infrastructure
rebound provider
which was however insufficient to stave
off a negative growth performance for FY2020. In FY2020, the
are divided
The operating intoforfour
environment core Division
the Engineering business
remained divisions:
construction sector contracted by 14.9% year-on-year.
challenging, primarily due to the continued lack of public sector
spending on large-scale infrastructure works. This trend over In FY2020, the division participated in open tenders with a
Ports and Logistics
the past three to five years continued to affect engineering and cumulative value of RM3.34 billion and submitted proposals for
construction companies that depended mainly on public sector
We are one of the 10 largest port operators in theFYUFSOBM
worldQSPKFDUT
with aXJUI BO BHHSFHBUF WBMVF PG 3. CJMMJPO
expenditure to drive their order book and revenues. *OUFSOBM..$UFOEFSTUPUBMMFEUP3.CJMMJPO
million TEUs
FY2020 saw private sector expenditure propel construction activity With a lack of large scale tenders called in FY2020, MMC
CZ3.CJMMJPOPSTIBSFPGWBMVFPGDPOTUSVDUJPOXPSL
Port Operations in Malaysia Engineering looked to harness Group synergy, by sourcing for
done compared to the public
t 1FMBCVIBO5BOKVOH1FMFQBT4EO#IE sector with 49.3% share of value of FOHJOFFSJOHQSPKFDUTXJUIJOUIF(SPVQ5IF%JWJTJPOTFGGPSUTXFSF
construction
t work done or RM15.50 billion.
+PIPS1PSU#FSIBE TVDDFTTGVMBOE3.NJMMJPOJODVNVMBUJWFWBMVFPGDPOUSBDUTXFSF
t /PSUIQPSU .BMBZTJB #IE secured during the financial year.
The
t challenging operating environment was attributable to the
1FOBOH1PSU4EO#IE
onset of the COVID-19 pandemic. The Government and the private 5IF QSPKFDUT XFSF UIF /PSUIQPSU 8BSFIPVTF 3. NJMMJPO UIF
sector’s focus was further diverted from infrastructure expenditure Swettenham Pier Cruise Terminal (RM8 million), Senai Airport City
Port
towards Operations
combattinginthe Saudi Arabia
spread of the virus. This was a necessary %1 3.NJMMJPO BOEUIF5BOKVOH#SVBTKFUUZFYUFOTJPO 3.
Red Sea Gateway
measure to ensureTerminal Company
the well-being Limited
of the operates
people a container
and the country. portmillion).
terminal within the
Jeddah Islamic
As a result, Port.
the allocated development expenditure of RM56 billion
under Budget 2020 was only partially disbursed during the financial In the face of fewer engineering opportunities and growing
Logistics
year of FY2020.Operator competition, MMC Engineering increased its private finance
investment (“PFI”) proposals to Government and private sector
The strict Movement Control Order (“MCO”), which was imposed DMJFOUT XIJMF FYQMPSJOH QSPKFDUT JOWPMWJOH UFDIOPMPHZ BOE
in March 2020, caused delays to construction works. Although the automation. MMC Engineering is also looking at examining potential
construction sector was deemed essential and the subsequent opportunities that can be funded by the Government through a
lockdowns were less restrictive, the progress of works continued to structured repayment scheme.
be hampered by the requirements for stricter COVID-19 SOPs such
Power Generation
as mandatory and Water
social distancing, Desalination
reduced manpower and restricted 'PDVTJO':XBTUPFYFDVUFQSPKFDUTPOIBOEBOEUIFOFXMZ
Through
travelling. Malakoff Corporation Berhad (“Malakoff”), we are the largest
TFDVSFEIndependent
KPCT XIJMF FYFNQMJGZJOH PQFSBUJPOBM FYDFMMFODF UPXBSET
Power Producer in Malaysia with a total effective power generation capacity ensuring 5,822MW.
of timely completion and recognition of revenue. In this
*O BEESFTTJOH assets DBVTFE
QSPKFDU EFMBZT include power
CZ UIFand
.$0water ventures
UIF in Saudi
EJWJTJPO Arabia,
regard, theBahrain
Engineering Division has performed commendably,
SFTUSVDUVSFEQSPKFDUNJMFTUPOFTBOEEFMJWFSBCMFTBOESFOFHPUJBUFE N3/day
XJUIBMMQSPKFDUTPOIBOETFFJOHDPOTJEFSBCMFQSPHSFTT EFTQJUFUIF
of waterUFSNT
QSPKFDU desalination.
BOE DPNNJUNFOUT XJUI DMJFOUT TVCDPOUSBDUPST BOE aforementioned COVID-19 related impacts.
suppliers. These measures were necessary in controlling costs and
FOTVSJOHQSPKFDUTVTUBJOBCJMJUZ Additionally, efforts were also made to explore several niche markets
Through Gas Malaysia Berhad, we supply reticulated natural gas in Peninsular outside ofMalaysia.
the Government sector. These include rail related
Other challenges faced were rising raw material and labour costs Natural Gas Distribution System
QSPKFDUT QJQFMJOFQSPKFDUTBTXFMMBTXPSLTGPSTNBSUCVJMEJOHT
network.
due to the temporary freeze on foreign labour. Competition had also
intensified with an increasing number of international companies BUSINESS AND OPERATIONAL PERFORMANCE
competing with local players for a dampened market demand. Financial Performance And Highlights Developments
In FY2020, the Engineering Division posted revenue of RM1.15
In first quarter FY2020, the value of work performed in Malaysia’s billion, while PBT stood at RM319 million. As at 31 December
construction sector contracted by 6.3%. This represents a 2020, the order book stood at RM2.95 billion.
significant contraction valued at RM35 billion. The second quarter
saw further negative growth of 44.9% (year-on-year). However,
with the easing of restrictions in the second half of FY2020, the
038
004
003
CORPORATE BROCHURE
MMC CORPORATION
ONGOING BERHAD is a leading utilities
PROJECTS IN FY2020

,MBOH7BMMFZ.BTT3BQJE5SBOTJU1VUSBKBZB-JOF -BOHBU4FXFSBHF1SPKFDU
To be a Premier Utilities and
i,7.351VUSBKBZB-JOFw QSPKFDUT Excellence in our
(Elevated and
Infrastructure Group Underground packages) Core Business Segments

Langat 2 Sungai Pulai Bridge (3"1)*5&1SPKFDU
Water Treatment Plant
Our Core Values
I N T E C
Integrity Innovation
MADA Irrigation Scheme
Teamwork
North Butterworth
Container Terminal
Excellence Commitment
Northport Warehouse
3FEFWFMPQNFOU1SPKFDU The Value We Create

5BOKVOH#SVBT+FUUZ Senai Airport City
of SPCT Extension DP12 Earthwork

enjoy today
industries

003
119
CORPORATE BROCHURE
Corporate Overview
MD&A
ABOUT US
OPERATIONS REVIEW

OUTLOOK AND PROSPECTS At the same and infrastructure
time Engineering provider
Division is enhancing its own
The industry outlook for FY2021 remains challenging due to the
sustainability by constantly improving the Division’s environmental
prolonged effects of the COVID-19 pandemic as well as ongoing
footprint and social performance.
political instability. These factors will impact the rollout of new
JOGSBTUSVDUVSFQSPKFDUTJO': SYARIKAT MENGURUS AIR BANJIR & TEROWONG SDN
Ports and Logistics BHD
In Budget 2021, new allocations have been made by the
(PWFSONFOUGPSLFZQSPKFDUTTVDIBTUIF,7.35MJOF UIF)JHI OPERATING ENVIRONMENT AND STRATEGIC RESPONSE
total container handling capacity across all ports in Malaysia
4QFFE 3BJM i)43w QSPKFDU BOE TFWFSBM XBUFS JOEVTUSZ SFMBUFE
of 21.5
*O ': 4ZBSJLBU .FOHVSVT "JS #BOKJS 5FSPXPOH 4EO #IE
million TEUs
CAPEX developments. In particular, the revival of the HSR is (“SMART”) looked to increase traffic volumes, enhance business
welcomed as it is anticipated
Port Operations in Malaysia to generate some momentum in and operational efficiency and to maximise shareholder value.
recovery. However, the proposed
t 1FMBCVIBO5BOKVOH1FMFQBT4EO#IE changes to the line which will see
it terminate
t at Johor and not stretch into Singapore, has altered the
+PIPS1PSU#FSIBE However, the onset of COVID-19 and the imposition of the
PWFSBMMEZOBNJDTPGUIFQSPKFDU
t /PSUIQPSU .BMBZTJB #IE MCO in March 2020 had significantly reduced traffic flow within
t 1FOBOH1PSU4EO#IE the SMART tunnel. With that, toll collection was reduced which
"OPUIFS QSPKFDU XIJDI UIF EJWJTJPO FYQFDUT UP TFF JT UIF .BTT impacted financial performance. Other factors such as surrounding
3BQJE 5SBOTJU $JSDMF -JOF i.35w QSPKFDU 5IF %JWJTJPO BMTP construction works and roadworks had caused road diversions
Port Operations
looks in Saudiconstruction
forward to potential Arabia opportunities under the leading to reduced traffic entering the tunnel. The situation improved
Red Sea Gateway
Government’s LargeTerminal Company
Scale Solar Limited
schemes, withoperates
the fifthainstalment
container portfromterminal
May within the as the MCO restrictions were lifted.
onwards
Jeddah
to Islamic Port.
be announced in FY2021.
Despite the aforementioned challenges, SMART has continued to
Logistics Operator
MMC Engineering can leverage on a synergistic tie-up with Malakoff exemplify operational excellence.
Kontena acquiring
towards Nasional Berhad is one of the
the construction largest
portion of integrated logistics
works. Overall, the companies in Malaysia.
DPOTUSVDUJPOTFDUPSJTQSPKFDUFEUPSFCPVOECZJO': The operating company focused on ensuring strong compliance
to all COVID-19 related SOPs. Employee health and safety was
MMC Engineering will continue to focus on opportunities arising from prioritised. For its efforts, SMART has recorded zero COVID-19
within the MMC Group. The Division will also focus on proposing cases in FY2020.
1'*T BTXFMMBTQSPKFDUTESJWFOCZUFDIOPMPHZBOEBVUPNBUJPO
Power Generation and Water Desalination Customers’ safety remained a priority. Despite reduced traffic
A strategic priority for 2021 is to offer insightful solutions for our we are the largest
volumes, Independent
no compromise was made on tunnel maintenance
DMJFOUT JO NBKPS JOEVTUSJFT TVDI BT SBJM BOE HBT 5FDIOPMPHJDBMgeneration capacity
activities.5,822MW.
of High-priority assets such as High Voltage, Gates and
advances along the lines assetsofinclude power
artificial and waterand
intelligence ventures
smartin SaudiPumpsArabia, Bahrain
were prioritised. In FY2020, the SMART tunnel continued
BOE0NBO
building XJUIBOFGGFDUJWFQPXFSHFOFSBUJPODBQBDJUZPG.8BOE
hold considerable promise for establishing technological to provideN 3
/day
convenient, cost-effective and speedy access to and
partnerships that enable MMC Engineering to lead in smart from the Kuala Lumpur city centre.
engineering solutions.
Natural Gas Distribution *O DPOUBJOJOH DPTU 4."35 VOEFSUPPL B NBKPS SFOFHPUJBUJPO PG
Through
The Gaswill
division Malaysia
look toBerhad, we asupply
establish balance reticulated
betweennatural
short gas
and in Peninsular Malaysia. that resulted in savings of RM2 million. The
supplier contracts
We also operate and maintain 2,600 kilometres
long term contracts by expanding into new niche industries. These of Natural Gas Distribution
company was System
also successful in its application to waive interest on
network.
include smart building construction and industrialised building excess advance payments made to the Government. On a related
systems, EPC gas pipelines, trenchless piping works for sewer note, SMART exercised its unrated SUKUK to refinance its existing
and gas pipelines, rail transit solutions, water treatment plants, debts. Additionally, efforts were also made to tap Government
centralised sewer treatment plants and power transmission lines. initiatives such as COVID-19 related subsidies for wages and
The division holds a distinct competitive edge in the form of its electricity.
proven track record and expertise.
Cumulatively, these efforts enabled SMART to save RM0.6 million
While submitting more tenders in these industries, we will respond or 63% on CAPEX and RM1.53 million or 22% on OPEX. The
to push and pull factors by expanding into the ASEAN market. company retained 100% of its employees during the financial year.
5IF EJWJTJPO TIBMM UBSHFU QSPKFDUT UIBU EJSFDUMZ BEESFTT &DPOPNJD
Environmental and Social (“EES”) matters, such as rail for urban
regeneration and wastewater for sanitation.
040
004
CORPORATE BROCHURE
BUSINESS AND OPERATIONAL PERFORMANCE MMC CORPORATION BERHAD is a leading utilities

5IFEJSFDUMJOLUPTVDIBIJHIQSPýMFQSPKFDUJTFYQFDUFEUPJODSFBTF
In FY2020, SMART’s revenue dipped by 35% from RM36 million traffic volumes to the SMART tunnel and once again emphasises the
and infrastructure
JOUP3.NJMMJPOJOEVFUPMPXFSUSBGýDWPMVNFT0O
strategic role that the tunnel plays in providing fast and convenient
the back of reduced revenue, Loss After Taxin Malaysia
(“LAT”) and abroad
of RM11 million access to and from the city centre.
(FY2019 LAT: RM4 million) was recorded for the financial year.
Traffic volume had decreased from 9.1 million vehicles in 2019 to

NJMMJPOJOBNPVOUJOHUPBOBWFSBHFPG WFIJDMFTQFS
Our Vision
EBZ i71%w BHBJOTUBOBWFSBHFPG 71%JO':
Our Mission
On a positiveTonote,
be athePremier
number of Utilities
serious accidents
and inside the Excellence in our
tunnel dropped to seven (10 in 2019) and four outside (9 in 2019).
There were eight minor accidents with no deaths recorded. Two
TFSJPVTJOKVSJFTBOEPOFMJHIUJOKVSZXBTSFQPSUFE
Highlights And Achievements t -FBEJOWBMVFJOOPWBUJPO
In FY2020, SMART successfully introduced the first Waze beacon t Be the preferred employer
in the SMART tunnel in collaboration with U-Mobile. These beacons
will ensure that drivers’ GPS continue to work while traversing the We serve our stakeholders with a steadfast
tunnel. commitment to excellence
The SMART tunnel was also effective in serving its other purpose
Our Core Values

as a flash flood prevention mechanism. In FY2020, only one
occasion, Mode 4, that is total closure of the tunnel was activated
I N T E C
due to prolonged periods of heavy rain. This prevented key areas
of the city centre from flooding as opposed to other areas in the
Klang Valley which were inundated with water. There were also nine
closures due to Mode 3 and 61 closures due to Mode 2.
With the imposition of new MCO in FY2021 which restricts travel
movement to within a 10 kilometres radius, we foresee a continued
downward effect on trafficOurvolumes.
actions However,
are guidedthe situation
by our is
core values, setting standards in the way we work
expected to improve going into the second and third quarters of
FY2021.
SMART will continue to focus on cost containment strategies as

well as improving operational efficiency. The company will look to
The Value We Create
optimise existing resources and assets towards ensuring smooth
operations of the SMART tunnel. The health and safety of its people
will also remain a priority.
Separately, a welcomeWe connect is the direct link
development between infrastructures the growth of
people, goods and progress by
the SMART tunnel and the Tun Razak Exchange Development, that afford our industries that
and businesses providing energy, society the
Malaysia’s new financial exchange and businessgasdistrict.
and water drive the nation’s
enjoy today
industries

003
121
Industrial
CORPORATE OVERVIEW
Development
Governance
Driving Investments
Sustainability Report Financial Statements Additional Information AGM Information
CORPORATE
Our Vision
Spurring
OVERVIEWEconomic
Our Mission
To be a Premier UtilitiesGrowth
and Excellence in our
Infrastructure Group MMC CORPORATION Core BusinessBERHAD Segments
is a leading utilitie
We are driven by a commitment to and infrastructure group with diversified businesse
A leading master developer for three industrial developments
build a better world for all in Malaysia and abroad
totaling approximately 5,000 tacres, namely Senai Airport City
-FBEJOWBMVFJOOPWBUJPO
i4"$w 5BOKVOH #JO *OEVTUSJBM
t Be the1BSL i5#*1w
preferred BOE /PSUIFSO
employer
Technocity (“NTC”). All developments are strategically located with
connectivity to maritime ports via a network
commitment of highways.
to excellence
Infrastructure Group Our Core Values Core Business Segments
I N T E C
Integrity Innovation Teamwork Excellence t Be Commitment
the preferred employer

Our Core Values
I N T E C Integrity
We connect
people, goods
and businesses
across the globe
The Value We
Innovation
providing
Create
Teamwork
We drive the
nation’s growth
and progress by
energy,
Our actions
gas and water
for homes and
We build
infrastructures
that afford our
are guided bysociety
We masterplan
the growth of
values, setting standardsthat
our corethe
convenience they
industries
economy
Excellence
in the way we work

drive the nation’s
Commitmen
enjoy today
industries
The Value We Create


003
123
CORPORATE BROCHURE
Corporate Overview
MD&A
ABOUT US
OPERATIONS REVIEW

INDUSTRIAL DEVELOPMENT and
investors, which betterinfrastructure provider
meets their specific requirements
enabling a stronger value proposition.
towards
are divided into

MACRO-OPERATING four core business divisions:
ENVIRONMENT
FY2020 proved to be a challenging year for the Industrial Strategic Response to Operating Environment
Development Division aggravated by COVID-19 which had affected In lieu of reduced FDI, The Industrial Development Division’s
overall economic activity. focus was on driving Domestic Direct Investment (“DDI”) for
Ports and Logistics its development. Efforts were focused on attracting high value
We
Though areinterest
oneforofindustrial
the 10landlargest port
in FY2020 operators
remained in theindustrial
strong, the world sectors
with a such as logistics providers, pharmaceutical
total container
continued slowdownhandling capacity
of production in many across
industriesall
dueports in Malaysia
to total and FMCG of organisations.
21.5 Industrial segments that were closely
shutdown during the various MCOs resulted in many investors aligned to Government promotional activities, such as electrical
million TEUs
prioritising business and operational sustainability over business and electronics (“E&E”) and food and agro processing were also
development
Port or capacity
Operations expansion.
in Malaysia targeted in FY2020.
Large
t scale capital expenditure (CAPEX) for the most part, such
+PIPS1PSU#FSIBE The “Plug-and-Play” development model with ready infrastructures
as land leases remained
t /PSUIQPSU .BMBZTJB #IEdeferred as companies looked to manage such as power and water supply, natural gas pipeline and
costs amidst declining
t 1FOBOH1PSU4EO#IE or halted production due to adherence to telecommunication is favourable to the investors as it offers cost
SOPs and reduced consumption
t 5BOKVOH#SVBT1PSU4EO#IE demand for goods and services. and time efficient industrial development.
The political
Port instability
Operations also posed
in Saudi Arabia challenges as the impact had The Industrial Development Division will continue to develop these
delayed certain development approvals, which consequently, infrastructure to attract new investors. Furthermore, the division is
cause concerns amongst Foreign Direct Investment (“FDI”). also looking at companies residing/based in other industrial parks.
The division is actively engaging companies established within old
Despite the challenges faced, MMC’s Industrial Development industrial parks across the country to reassess their present base
Logistics Operator
Division doubled its efforts in FY2020 to secure investors and of operations and showcase the strategic and business sense of
leverage on the distinctive value proposition of its developments, switching to a new and more strategic location.
such as its strategic location, ready platform, infrastructure
readiness, and free zone area. As a result, the division was From a financial perspective, the Industrial Development Division
successful in securing approximately 40 acres of land sales at
Senai Airport City development.
continues to prudently manage cashflows and operational costs
to ensure a healthy cash position. This includes phasing its
We are a total energy solutions provider development works, focusing on targets and prioritising prime
The Sungai Pulai Bridge that will
Power Generation and Water Desalination link the district of Gelang Patah to development areas.
5BOKVOH#JOJTTDIFEVMFEGPSDPNQMFUJPOJO+VOFBOEXJMMCF
BDBUBMZTUJOBUUSBDUJOHNPSFJOWFTUNFOUTUP5BOKVOH#JO*OEVTUSJBM Using digital technologies, the division is actively engaging
Park. Northern Technocity at Kulim, Kedah targets to commence prospective investors as well as other stakeholders. Online meetings
its site development work in second quarter 2021. The division is enabled regular marketing and promotional efforts to continuously
optimistic that the current infrastructure and preliminary works for promote N 3
/day and interest in the developments. The same
awareness
of
thewater desalination. will lead to further land sales opportunities
two developments approach was employed for internal meetings among employees
in the near future. towards reducing their exposure to the ongoing pandemic while
Natural Gas Distribution ensuring optimal work productivity.
Through
In terms ofGas Malaysia
ongoing Berhad, we
infrastructure supply
works, thereticulated
requirementsnatural gas in Peninsular Malaysia.
for new
We
SOPs also
suchoperate and maintain
as COVID-19 testing for 2,600 kilometres workers
all construction of Natural Gas Distribution
initially BUSINESSSystem AND OPERATIONAL PERFORMANCE
BGGFDUFE UIF DPNQMFUJPO PG JOGSBTUSVDUVSF EFWFMPQNFOU QSPKFDUT
network. Financial Results and Statistics
However, as the construction sector was deemed an essential The Industrial Development Division’s total land bank measures over
service Solutions
Water by the Government,
Providerpace of work regained momentum in 5,000 acres with a gross development value (“GDV”) exceeding
UIFTFDPOEIBMGPGUIFZFBS.PTUPGUIFEJWJTJPOTJOEVTUSJBMQSPKFDUT
Through Aliran Ihsan Resources Berhad, we are a pioneer in wastewater RM8.3 billion. Specifically, in Senai Airport City, the division achieved
recycling
are back on track for completion
technology and a water treatment specialist. as per the revised completion approximately 40 acres of land sales in FY2020.
schedule.
Environment Management PROJECT/DIVISIONAL UPDATES AND DEVELOPMENTS
Intensifying competition from industrial parks in neighbouring
Through Malakoff’s subsidiary, Alam Flora Sdn Bhd, we are one of the leading In addition to the concluded 40 acres land sales in FY2020, the
environmental
countries, as well as ready-built factories and built-to-suit facilities Industrial Development Division is building on the momentum
from local and foreign rivals remained a challenge in FY2020. with approximately 90 acres of land in the sales pipeline which is
The Industrial Development Division has risen to this challenge expected to conclude in FY2021.
by continuing to develop “customised offerings” for prospective
044
004
CORPORATE BROCHURE
Despite the initial disruptions caused by the MMCCOVID-19 CORPORATION

pandemic, investments.BERHAD is a leading
This includes industrial utilities
development type investments
DPOTUSVDUJPOQSPHSFTTPGUIF4VOHBJ1VMBJ#SJEHFBUUIF5BOKVOH#JO that plays well for the Industrial Development Division.
andandinfrastructure
Industrial Park (“TBIP”) is progressing smoothly is expected to group with diversified businesses
be completed by June 2022. in Malaysia and abroad the demand for pharmaceutical products has
Furthermore,
been increasing in tandem with the pandemic due to changes in
Industrial Development Division has received approval from the consumer behaviour and hygiene practices. The trend is expected
local municipal of Kulim Hi-Tech Industrial Park for the Northern to spur demand for industrial land and warehousing.
Technocity masterplan and earthworks. The proposed development
is expected to commence earthwork by the second quarter of Our future strategic collaborations with other developers may
FY2021. Our Vision Our Mission
bring opportunities to pool resources for more effective customer
acquisition strategies
FY2020 saw TothebeIndustrial
a Premier Utilities
Development and
Division leveraging on Excellence in our
the synergistic strength of the MMC Group of companies namely In meeting future demand, the division will allocate capital to
AIR Berhad and Gas Malaysia. The former which specialises in improving its infrastructure and land platform, while leveraging
water treatmentWe constantly introduces
are driven potential investors
by a commitment to that may its online platform for continuous business engagement with
require the services build
of theaIndustrial Development
better world for all Division as part stakeholders and clients. Key industries targeted are E&E,
of its value-added services to its investors. Gas Malaysia has on eCommerce, pharmaceuticals, plastic products, machinery and
the other hand been a constant and reliable partner for supplying equipment and F&B. Our strategic priorities are to attract strategic
natural gas infrastructure to its industrial developments. '%* BOE %%* JOWFTUNFOU BOE FYQMPSF KPJOU WFOUVSFT XJUI OJDIF
developers and real estate investors for “build and lease” industrial
In August 2020, the Industrial Development Division attended the facilities.
inter-chamber networking and briefing session organised by Invest
Johor and British Malaysian Chamber of Commerce, which was The division will also continue to attract multinational corporations
also attended by senior Johor state officials, Federal and State by positioning its industrial parks as ideal locations for principal or
Our Core Values
Government agencies and business chambers. The following
month, the division hosted a research visit from a delegation of
global trading due to its strategic location and existing ecosystem.
At the same time, the division will continue developing relationships
I N T E C
bankers to Senai Airport City. with stakeholders such as MIDA, Invest Johor, IRDA and other
relevant agencies for future business opportunities.
Throughout the financial year under review, various other
engagements with federal and state investment promotion agencies OTHER BUSINESS
suchIntegrity Innovation
as MIDA, IRDA, and Invest Teamwork
Johor were also organised. Excellence Commitment
According to Malaysia’s Ministry of Finance, the global economy
JT QSPKFDUFE UP HSPX CZ JO ': XIJMF HMPCBM USBEF XJMM
Our actions
see an 8.3% increase as economic are guided
activities by our
recover. core values, setting standards in the way we work
A rebound
in economic activities should heighten demand for industrial land
and buildings.
5IF .BMBZTJBO FDPOPNZ JT QSPKFDUFE UP SFCPVOE CZ CFUXFFO

BOEJO5IFNBOVGBDUVSJOHTFDUPSJTTQFDJýDBMMZ
The Value We Create
GPSFDBTUFE UP SFWJWF CZ BT B DPOTFRVFODF PG && HSPXUI
as work-from-home (“WFH”) and virtual communications are
integrated into new business practices. This in turn will create
higher demand for integrated circuits, memoryWe and microchips
drive the in
the global semiconductor market. We build
SENAI AIRPORT TERMINAL SERVICES SDN BHD
people, goods that afford ourENVIRONMENT
OPERATING
The global E&E industry, amid the COVID-19providing
pandemic energy,
outbreak is industries that
and businesses society
The the on air travel due to the COVID-19 pandemic led to
restrictions
QSPKFDUFEUPBDIJFWF64% drive the nation’s
acrossCJMMJPOJO':
the globe gas and water convenience
a drastic drop theyin passenger volumes globally. Consequently, this
enjoy today
IBEBNBKPSJNQBDUPOBJSMJOFT BJSQPSUTBOEPUIFSHMPCBMBWJBUJPO
The recent announcement under Budget 2021, which provides
industries based operators. In FY2020, the aviation sector experienced
various incentives and stimulus for investments and the signing a 66% decline in traffic year-on-year due to border closures,
of the Regional Comprehensive Economic Partnership (“RCEP”), airlines terminating flight routes and a general reluctance among
Together,
which will drive free tradethe scale
should of our
attract bothoperations
increased FDImakes
and DDIus one of Malaysia’s key players in nation building
consumers to travel.

003
125
CORPORATE BROCHURE
Corporate Overview
MD&A
ABOUT US
OPERATIONS REVIEW

HIGHLIGHTSand infrastructure provider
Global Air Cargo volumes were less severely affected, declining
AND ACHIEVEMENTS
by about 10.6% due to the boom in e-commerce, pharmaceutical
Aero Operations
and healthcare industry as well as other facilitative factors such as
In optimising costs, Airport operational hours were shortened from
airport to airport trucking services. oISTUPoIST4FMFDUFETFDUJPOTPGUIFUFSNJOBM
were temporarily closed, while other measures included maintaining
While domestic flights were allowed to resume in the second half of air conditioning at an optimum 25°C and switching off lights when
Ports and Logistics
the year, the flight frequency was minimal due to the extension of not in operation. Only critical maintenance works were prioritised,
We aretravel
interstate onerestriction.
of the In 10addition,
largest the port operators
continued restriction in
on thesuch
world with lighting,
as ground a runways and works related to safety and
total container
international handling
flights weighed capacity
down on overallacross all ports
passenger volumes in Malaysia
regulatoryof 21.5
compliance. Other improvements include multitasking
and thus, aero revenues derived from aircraft landing and passenger and reskilling.
million TEUs
service charge declined drastically in FY2020.
Port Operations in Malaysia These and other initiatives enabled Senai International Airport to
The situation was compounded by fixed operating costs associated
t 1FMBCVIBO5BOKVOH1FMFQBT4EO#IE save up to RM11 million in operational expenditure, while optimising
with the provision
t +PIPS1PSU#FSIBE and maintenance of infrastructure and services manpower and operational efficiencies and effectiveness.
such as safety and security.
t /PSUIQPSU .BMBZTJB #IE These are costs incurred regardless
of traffic levels. Senai Airport Terminal Services Sdn Bhd (“Senai
t 1FOBOH1PSU4EO#IE On a related note, negotiation was also undertaken with the State
International Airport”) had
t 5BOKVOH#SVBT1PSU4EO#IE to ensure that the airport continued its and Federal Governments to restructure financial commitments
operations (albeit with reduced operational hours and facilities) as with some measure of success achieved.
airports are deemed essential
Port Operations in Saudi Arabia services.
With the Government allowing domestic air travel to resume in
Given the reduced passenger footfall in FY2020, Senai International the second half of the year, Senai International Airport proactively
Airport’s local and international retail brands that rented outlets at approached airlines to mount more flights and add extra routes.
the airport were also impacted. In short, non-aero revenue were
Logistics Operator
also negatively impacted in FY2020. Strategic efforts were also made in continuing to leverage on Johor
state’s growing reputation as a healthcare travel destination, given
BUSINESS AND OPERATIONAL PERFORMANCE that air travel for medical purposes was still permitted in FY2020.
Financial Results and Statistics Cargo/logistics operations, which were not as significantly impacted,
The dipping aero and non-aero revenues had impacted Senai
International Airport’s overall financial performance in FY2020 due
continued to be prioritised towards propping aero revenue mainly
due to the rising demand from e-commerce segment.
We
to theare a totalimpact.
COVID-19 energy solutions provider
Power Generation and Water Desalination Terminal expansion works continued to proceed as the
Revenue plummeted by 58% year-on-year in FY2020 to RM34 JOGSBTUSVDUVSFXPSLTQSPKFDUJTDSJUJDBMUPUIFMPOHUFSNEFWFMPQNFOU
million. Revenue contribution from all segments – passenger PG4FOBJBTBOJOUFSOBUJPOBMBWJBUJPOIVC$BODFMMBUJPOPGUIFQSPKFDU
and aircraft movements, cargo volumes as well as commercial/ would force Senai International Airport to pay compensation to the
scheduled flights and non-commercial/non-scheduled flights all contractors. Expansion works commenced in March 2020 and as
BOE0NBO
declined XJUIBOFGGFDUJWFQPXFSHFOFSBUJPODBQBDJUZPG.8BOE
in FY2020. N3/day UIFQSPKFDUQSPHSFTTJTBTTDIFEVMFEBU
BU%FDFNCFS
On the back of reduced revenue arising from a decline in passenger 5IF QSPKFDU JT FTTFOUJBM BT JO ': 4FOBJ *OUFSOBUJPOBM "JSQPSU
Natural Gas
footfalls, Distribution
aircraft and cargo movements in FY2020, Senai IBOEMFE NJMMJPO QBTTFOHFST FYDFFEJOH JUT UFSNJOBM DBQBDJUZ
Through GasAirport
International Malaysia Berhad,
recorded we supply
a loss reticulated
before tax and lossnatural gas
after tax of in Peninsular Malaysia.
of 4 million passengers per annum. The expanded terminal will
We also
RM38 operate
million and maintain
and RM36 2,600 kilometres of Natural Gas
million respectively. Distribution System capacity to 5 million passengers per annum,
increase passenger
network.
KEY STATISTICS FY2018 FY2019 FY2020
Passenger movements
Cargo (metric
technology andtonnes)
a water treatment specialist. 9,691 14,694 10,120
Aircraft movements 52,030 58,335 21,481
Environment
i. Commercial Management
/ scheduled 13,189
Through Malakoff’s subsidiary,
ii. Non-commercial Alam Flora Sdn Bhd, we are one
/ non-scheduled of the leading environmental
19,456 20,064 8,292
management companies in Malaysia
USBJOJOH þZJOHDMVCT CVTJOFTTKFUT specialising in managing and reducing waste with
Revenue (Aero and Non- Aero) (RM’ million) 69.9 80.9 33.9
EBITDA (RM’ million) 41.3 52.8 12.3
046
004
CORPORATE BROCHURE
MMC CORPORATION
sufficient to meet passenger handling requirements for up to anticipationBERHAD is ofavaccines
for the distribution leading utilities
in the country, beginning
the next 5 years, when the traffic performance recovers to pre- the first quarter of FY2021.
pandemic levels. and infrastructure group with diversified businesses
in Malaysia and abroad As vaccines inoculate people from COVID-19, the aviation sector
On a related note, Senai International Airport completed the terminal is expected to rebound, first with the resumption of domestic travel
FOIBODFNFOUBOEVQHSBEJOHQSPKFDUPG,FSUJI"JSQPSUJO+VMZ and subsequently international, through ‘travel bubbles’ between
5IF UFSNJOBM FOIBODFNFOU QSPKFDU DPWFST UIF QBTTFOHFS XBJUJOH groups of countries as well as green lanes between specific
area, check-in counters, activity corner and retail space. This has destinations.
contributed to creating more space and comfort for passengers
and airport visitors.Our Vision Our Mission
Although passenger confidence in air travel may increase with
the introduction of vaccines, flights will only resume in stages
Non-Aero To be a Premier Utilities and
Business as struggling airlinesExcellence
regain cash flow inand
ourfinancial health. The
With aero revenues being severely impacted, strategies were aviation sector, together with the Government must also continue
shifted to enhance the non-aero revenue sources. This includes to work towards restoring the connectivity which is vital to support
focusing on land Wesales. The efforts
are driven were successful
by a commitment to when a 1.5- the nation’s economy sectors.
acre land parcel wasbuild leased for the development
a better world for all and operations t 4FSWJDFFYDFMMFODFUPTUBLFIPMEFST
of a petrol station. The lease generated RM4 million in revenue for Senai International Airport’s focus will be on restoring existing
Senai International Airport. routes by convincing airlines to resume all domestic routes, even
with a lesser flight frequency at the initial stage. Efforts will be made
Noteworthy in supporting the airport’s retailers, Senai International to actively promote the state of Johor as a preferred destination.
Airport granted incentives to existing tenants on a case-by-
case basis. Revised rental rates and packages were designed Given the anticipated slow recovery of the air travel industry, Senai
to entice new tenants. These efforts proved successful with two International Airport will increase its efforts in the non-aero segment
OFXUFOBOUTNPWJOHJOUPUIFBJSQPSU5IFTFJODMVEFUIFNBKPSMPDBM by promoting the availability of its development land in the vicinity
food restaurant in the airport, Chutney and Chai.

Our Core Values
sporting goods retailer Al-Ikhsan Sports and the first Indian fast- of Senai International Airport. The company will target offering land
to manufacturers, logistics players and warehouse distributors as
I N T E C
these are the sectors that are most likely to require easy access to
The airport also launched a ‘Free Parking’ campaign during lunch aviation based logistics.
and dinner hours to attract more people from the surrounding
community to the airport from the month of July to December In terms of retail tenant mix, Senai International Airport is looking to
2020,Integrity Innovation
in particular to support Teamworksecure new Excellence
the food and beverage operators. local and international brands Commitment
while persuading online
businesses to open physical outlets. A short-term leasing strategy
At the same time, tenants were encouraged to explore online of between one and three months will be employed, supported by
food delivery apps such as GrabFood and FoodPanda to expand rental incentives for new prospects, and other incentives such as
their client base as the airport is surrounded by matured industrial free marketing through Senai International Airport’s website and
Our actions
manufacturing as well as resident are guided
community. by our
Tenants corealso
were values,social
settingmedia.
standards in same
At the the way we retaining
time, work our current retailers and
provided with marketing support via the airport’s branding and tenants through rental incentives are critical.
media platforms.
Senai International Airport will continue to leverage on Johor’s
In addition to the above, Senai International Airport has successfully strategic location and economic position as a preferred venue for
secured new advertisers and contract renewal extensions for meetings and events. Senai Business Aviation Terminal will continue
existing advertisers.
The Value We Create UPDBUFSUPUIFOFFETPGQSJWBUFBOECVTJOFTTKFUT
As a result of these measures, Senai International Airport was The future remains challenging. However, the medium to long-term
BCMFUPNBJOUBJOBUFOBOUPDDVQBODZSBUFBU ':
We drive the prospects for the aviation sector remains robust. The fundamentals
despite a 36% reduction in non-aero revenue.nation’s growth We build
continue to be strong,
Wedriven by pent-up demand for aviation,
masterplan
and progress by especially in South East Asia
the and
growth Malaysia.
of Both passenger and
OUTLOOK AND PROSPECTS providing energy, cargo aviation hold industries
immense that
potential driven by a wide range of
Given the severity across
of the the
impact and the continued
gas and lingering
water factors. drive the nation’s
globe convenience they
presence of the pandemic, the aviation industry is expected
for homes and to economy
enjoy today
IBWF B MPOH SFDPWFSZ KPVSOFZ UP QSFQBOEFNJD MFWFMT )PXFWFS
industries Senai International Airport remains positive of its future and will
there is cause for optimism with the availability of vaccines globally come out stronger as it weathers the present turbulent operating
as well as in Malaysia. The local aviation sector awaits with much environment.

003
127
CORPORATE BROCHURE
Corporate Overview
ABOUT US
SHAREHOLDINGS STATISTICS
As at 19 March 2021

The total number of issued shares of the Company stands at 3,045,058,552 Ordinary Shares, with voting right of one (1) vote per Ordinary
Share.
Substantial Shareholders
No. of Shares
Ports and Logistics Direct % Indirect %
We are one of the 10 largest port operators in the
Seaport Terminal (Johore) Sdn Bhd
world with a
1,576,108,840 51.76 - -
total container handling capacity across all ports
Amanahraya Trustees Berhad - Amanah Saham Bumiputera
in Malaysia of 21.5
580,387,600 19.06 - -
million TEUs
Indra Cita Sdn Bhd - - *1,576,108,840 51.76
PortSriOperations
Tan Dato’ Seri Syed in Malaysia
Mokhtar Shah Syed Nor - - @
1,576,108,840 51.76
Sharifah Sofia Syed Mokhtar Shah - - &
1,576,108,840 51.76
t +PIPS1PSU#FSIBE
Notes:
*t 1FOBOH1PSU4EO#IE
deemed interested through Seaport Terminal (Johore) Sdn Bhd
@
deemed interested through Indra Cita Sdn Bhd
t
&

5BOKVOH#SVBT1PSU4EO#IE
4IBSJGBI4PýBJTUIFEBVHIUFSPG:#IH5BO4SJ%BUPh4FSJ4ZFE.PLIUBS4IBI4ZFE/PS UIFVMUJNBUF.BKPS4IBSFIPMEFSPG..$$PSQPSBUJPO#FSIBEUISPVHIIJT
shareholding in Indra Cita Sdn Bhd, the holding company of Seaport Terminal (Johore) Sdn Bhd.
Jeddah Islamic
Analysis Port.
by Size of Shareholding
Logistics Operator
No. of % of No. of % of
Size of Holdings Shareholders Shareholders Shares Held Issued Capital
Less than 100 shares 683 4.08 9,406 0.00

100 - 1,000 2,461 14.7 1,699,150 0.06
1,001 - 10,000 9,224 55.11 46,172,055 1.52
10,001 - 100,000 3,657 21.85 117,080,496 3.84
100,001 to less than 5% of issued shares 711 4.25 723,601,005 23.76
5% and above of issued shares 2 0.01 2,156,496,440 70.82
TOTAL
Malakoff’s international assets include power and water ventures in Saudi16,738
Arabia, Bahrain 100.00 3,045,058,552 100.00
Directors’
Natural GasInterest as per the Register of Directors’ Shareholdings
Distribution
We also operate and maintain 2,600 kilometres of Natural Gas Distribution System No. of Shares
network. Direct % Indirect %
Dato’
WaterSriSolutions
Che KhalibProvider
Mohamad Noh 600,000 0.02 - -
048
004
CORPORATE BROCHURE
Governance Sustainability Report Financial Statements Additional
Additional Information
Information AGM Information
CORPORATE OVERVIEW
THIRTY LARGEST SHAREHOLDERS
As at 19 March 2021
MMC CORPORATION BERHAD is a leading No. of utilities

% of
No Name and infrastructure group with diversified businesses
shares held issued capital
1 Seaport Terminal (Johore) Sdn Bhd in Malaysia and abroad 1,576,108,840 51.76
2 Amanahraya Trustees Berhad 580,387,600 19.06
- Amanah Saham Bumiputera
3 Citigroup Nominees (Tempatan) Sdn Bhd 53,804,200 1.77
- Employees Provident Fund Board
4 Lam Kong Tang Our Vision Our Mission
48,916,200 1.61
5 To beNominees
CIMB Group a Premier Utilities
(Tempatan) and
Sdn Bhd Excellence in our
32,719,000 1.07
- CIMB BankInfrastructure
Berhad (EDP 2) Group Core Business Segments
6 Amanahraya Trustees Berhad 26,149,500
t .BYJNJTFTIBSFIPMEFSWBMVF 0.86
- Amanah Saham Malaysia
build a better2world
- Wawasan
for all t 4FSWJDFFYDFMMFODFUPTUBLFIPMEFST
7 Cartaban Nominees (Tempatan) Sdn Bhd t -FBEJOWBMVFJOOPWBUJPO
25,658,600 0.84
- PAMB for Prulink Equity Fund t Be the preferred employer
8 HSBC Nominees (Asing) Sdn Bhd 23,047,300

We serve our stakeholders with a steadfast 0.76
- J.P. Morgan Securities Plc commitment to excellence
Governance Sustainability Report Financial Statements Addition
9 Citigroup Nominees (Asing) Sdn Bhd 22,268,397 0.73
- UBS AG
10 Amanahraya Trustees Berhad Our CORPORATE
Core Values OVERVIEW
19,247,300 0.63
I N T E C
- Amanah Saham Bumiputera 3 - Didik
- Urusharta Jamaah Sdn Bhd (Franklin 1)
MMC CORPORATION BERH
12 Integrity
Amanahraya TrusteesInnovation
Berhad Teamwork Excellenceand Commitment0.40
12,033,400
- Amanah Saham Malaysia infrastructure group wi
13 HSBC Nominees (Tempatan) Sdn Bhd
in10,000,000
Malaysia and abroad
0.33
- HSBC (M) Trustee Bhd for Allianz Life Insurance Malaysia Berhad (MEF)
14 Kumpulan Wang Persaraan (Diperbadankan)
Our actions 9,655,600
are guided by our core values, setting standards in the way we work 0.32
- Great Eastern Life Assurance (Malaysia) Berhad (Dr)
Our Vision O
16 Maybank Nominees (Tempatan) Sdn Bhd 9,104,200 0.30
- National Trust Fund (IFM Eastspring) (410140) To be a Premier Utilities and
17 Cartaban Nominees (Asing) Sdn Bhd The Value We Create Infrastructure Group
8,441,800 0.28
Cor
- SSBT Fund ZVY5 for State Street Emerging Markets We are driven by a commitment to t.
Small Cap Active Non-Lending QIB Common Trust Fund build a better world for all t 4FSWJD
We masterplan t
18 HSBC Nominees We (Tempatan)
connect Sdn Bhd nation’s growth infrastructures 7,560,000 0.25
and progress by the growth of tB
- HSBC (M) Trustee Bhd for
people, Allianz Life Insurance Malaysia Berhad
goods that(P)afford our
19 Inter-Pacific Equity Nominees (Tempatan) Sdn
gas Bhd
and water drive the nation’s
6,715,000 0.22 We serv
- Pledged Securities Account for Tan Heng for Loon
homes and economy
enjoy today
industries
Together, the scale of our operations makes us one of Malaysia’s key players in nation building Our Core Values
003
313
CORPORATE BROCHURE
Corporate Overview
ABOUT
THIRTY US SHAREHOLDERS
LARGEST
As at 19 March 2021
Our multi-disciplinary expertise as a utilities and infrastructure

No. of provider % of
No Name shares held issued capital
20 Maybank Nominees (Tempatan) Sdn Bhd 5,276,700 0.17
- Pledged Securities Account for Lee Ai Chu
Ports and Nominee

21 DB (Malaysia) Logistics
(Asing) Sdn Bhd 5,157,000 0.17
We -are
SSBT Fundof
one TCT9
thefor10
California
largest State Teachers
port Retirement
operators in System
the world
with a
total container
22 Maybank handling
Nominees capacity
(Tempatan) across all ports in Malaysia of 21.5
Sdn Bhd 4,727,100 0.16
million TEUsSecurities Account for Cheng Mooi Soong
- Pledged
23 HSBC
Port Nominees
Operations (Asing) Sdn Bhd
in Malaysia 4,078,967 0.13
- BNY Mellon for Mackenzie
t 1FMBCVIBO5BOKVOH1FMFQBT4EO#IEEmerging Markets Fund
t
24+PIPS1PSU#FSIBE
HSBC Nominees (Tempatan) Sdn Bhd 4,068,000 0.13
t /PSUIQPSU
- HSBC .BMBZTJB #IE
(M) Trustee Bhd for Allianz Life Insurance Malaysia Berhad (Ulife)
t 1FOBOH1PSU4EO#IE
255BOKVOH#SVBT1PSU4EO#IE
t DB (Malaysia) Nominee (Tempatan) Sendirian Berhad 4,044,600 0.13
- Deutsche Trustees Malaysia Berhad for Eastspring Investments Small-Cap Fund
Port Operations
26 UOBM Nomineesin Saudi Arabia
(Tempatan) Sdn Bhd 4,000,000 0.13
Red Sea
- Pledged Securities Account forLimited
Gateway Terminal Company operates
Neoh Choo Ee &aCompany
container Sdn
port Berhad
terminal within the
ormation 27 AGM
HSBC Information
Nominees (Asing) Sdn Bhd 3,720,900 0.12
- BPSS FFT for BAYVK A3-Fonds
Logistics Operator
28 DB (Malaysia) is one
Nominee of the
(Asing) Sdnlargest
Bhd integrated logistics companies in Malaysia. 3,672,600 0.12
- SSBT Fund WTAU for Wisdomtree Emerging Markets Smallcap Dividend Fund
29 Tiong Nam Logistics Holdings Berhad 3,660,000 0.12
30 DB (Malaysia) Nominee (Asing) Sdn Bhd 3,345,100 0.11
We -are
D is a leading a total energy solutions provider
utilities
The Bank of New York Mellon for Florida Retirement System
diversified
Power businesses
Total: Generation and Water Desalination 2,542,669,747 83.50
ur Mission
cellenceWe
inalso
ouroperate and maintain 2,600 kilometres of Natural Gas Distribution System
usinessnetwork.
Segments
NJTFTIBSFIPMEFSWBMVF
YDFMMFODFUPTUBLFIPMEFST
EJOWBMVFJOOPWBUJPO
he preferred employer
r stakeholders with aMalakoff’s
Through steadfast subsidiary, Alam Flora Sdn Bhd, we are one of the leading environmental
mitment to excellence
050
004
M M C COR POR ATION B ER H AD )
Ground Floor, Wisma Budiman
1FSTJBSBO3BKB$IVMBO
www.mmc.com.my 50200 Kuala Lumpur
Malaysia
5FM
Fax : +603 2026 1921

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MMC CORPORATION BERHAD

RESILIENCE THROUGH OPERATIONAL EXCELLENCE

RESILIENCE THROUGH OPERATIONAL EXCELLENCE

MMC CORPORATION BERHAD is a leading utilities

Our Vision Our Mission

We serve our stakeholders with a steadfast

Our Core Values

The Value We Create

Annual Report 2020 001

Our multi-disciplinary expertise as a utilities and infrastructure provider

Ports and Logistics

Port Operations in Saudi Arabia

Energy and Utilities

Natural Gas Distribution

Water Solutions Provider

CORPORATE OVERVIEW ABOUT US

MMC CORPORATION BERHAD is a leading utilities

Our Core Values

Annual Report 2020 003

Our multi-disciplinary expertise as a utilities and infrastructure provider

Port Operations in Saudi Arabia

Natural Gas Distribution

Water Solutions Provider

ATION BERHAD MMC CORPORATION BERHAD is a leading utilities

JOINT VENTURES ASSOCIATES Under Liquidation

nation’s growth We masterplan

Annual Report 2020 005

Ports and Logistics

Port Operations in Saudi Arabia

Energy and 2020

FIVE YEAR FINANCIAL

Revenue (RM’million) MMC CORPORATION BERHAD

2018 4,984 2018 220

 4,160  210

2016 Our Vision   2016 Our Mission 550

To be a Premier Utilities and Excellence in our

2016 1,613 2016  

The Value We Create

2016 18.1 2016 313

Annual Report 2020 006

2019 4.5 2019 

Port Operations in Malaysia

Energy and Utilities

Power Generation and Water Desalination

MMC CORPORATION BERHAD is a leading utilities

PTP welcomed Our Vision Our Mission

Johor Port welcomed

Johor Port provided Marine The Value We Create

018 MMC Corporation Berhad Annual Report 2020 009

Ports and Logistics

STRONG ASSET AND FINANCIAL BASE

MMC CORPORATION BERHAD is a leading utilities

Entitlement Date : 10 December 2020 Entitlement Date : 3 June 2021

Our Vision Our Mission

We serve our stakeholders with a steadfast

Earnings Before Interest,

Annual Report 2020 011

Serving as the Nation’s MMC C

Malaysia’s export-driven open economy, our

Our Core Values

4,160 210

2016 Our Vision 2016 Our Mission 550

2016 1,613 2016

2019 4.5 2019