MISC INTEGRATED ANNUAL REPORT 2021
SUSTAINABILITY REPORT 2021
FINANCIAL PERFORMANCE 2021
KEY HIGHLIGHTS 2021
MISC INTEGRATED ANNUAL REPORT 2021
SUSTAINABILITY REPORT 2021
FINANCIAL PERFORMANCE 2021
KEY HIGHLIGHTS 2021
MISC INTEGRATED ANNUAL REPORT 2021
SUSTAINABILITY REPORT 2021
FINANCIAL PERFORMANCE 2021
KEY HIGHLIGHTS 2021
CHAIRMAN'S MESSAGE
DEAR VALUED SHAREHOLDERS,
On behalf of the Board of Directors (Board), it is my honour to present to you the Integrated Annual Report and Audited Financial Statements of MISC Berhad and its subsidiaries for the financial year ended 31 December 2021 (FY2021). Marking my first full year as the Chairman, I have had the privilege of working closely with my colleagues on the Board to uphold our stewardship of MISC’s value creation journey as we pursue our aspiration of moving energy to build a better world.
CHALLENGING OPERATING ENVIRONMENT
2021 has been shaped by the challenges of going through a second year of the COVID-19 pandemic. Concerted national vaccination drives formed the main thrust of attempts to bring about an end to the pandemic. However, new virus variants caused further waves of infections which led to cycles of relaxation and reimposition of restrictions. Continued mobility restrictions and supply chain disruptions constrained oil demand as well as global industrial activities. Click HERE to read more.
CHAIRMAN'S MESSAGE
DEAR VALUED SHAREHOLDERS,
On behalf of the Board of Directors (Board), it is my honour to present to you the Integrated Annual Report and Audited Financial Statements of MISC Berhad and its subsidiaries for the financial year ended 31 December 2021 (FY2021). Marking my first full year as the Chairman, I have had the privilege of working closely with my colleagues on the Board to uphold our stewardship of MISC’s value creation journey as we pursue our aspiration of moving energy to build a better world.
CHALLENGING OPERATING ENVIRONMENT
2021 has been shaped by the challenges of going through a second year of the COVID-19 pandemic. Concerted national vaccination drives formed the main thrust of attempts to bring about an end to the pandemic. However, new virus variants caused further waves of infections which led to cycles of relaxation and reimposition of restrictions. Continued mobility restrictions and supply chain disruptions constrained oil demand as well as global industrial activities. Click HERE to read more.
CHAIRMAN'S MESSAGE
DEAR VALUED SHAREHOLDERS,
On behalf of the Board of Directors (Board), it is my honour to present to you the Integrated Annual Report and Audited Financial Statements of MISC Berhad and its subsidiaries for the financial year ended 31 December 2021 (FY2021). Marking my first full year as the Chairman, I have had the privilege of working closely with my colleagues on the Board to uphold our stewardship of MISC’s value creation journey as we pursue our aspiration of moving energy to build a better world.
CHALLENGING OPERATING ENVIRONMENT
2021 has been shaped by the challenges of going through a second year of the COVID-19 pandemic. Concerted national vaccination drives formed the main thrust of attempts to bring about an end to the pandemic. However, new virus variants caused further waves of infections which led to cycles of relaxation and reimposition of restrictions. Continued mobility restrictions and supply chain disruptions constrained oil demand as well as global industrial activities. Click HERE to read more.
PRESIDENT/GROUP CEO’S
REVIEW
DEAR VALUED SHAREHOLDERS,
In 2021, we made good on many promises on the sustainability front. Our standalone Sustainability Report (SR), which should be read in conjunction with our Integrated Annual Report (IAR), provides a deep dive into all our initiatives within our five Sustainability Pillars of Financial, Environmental, Social, Governance and Stakeholder Engagement, and the value we have created for all our stakeholders as a result of these efforts. Click HERE to read more.
REVENUE
OPERATING
PROFIT
CASH FLOWS FROM
OPERATING ACTIVITIES
billion
billion
billion
TOTAL
ASSETS
EARNINGS
PER SHARE
DIVIDENDS
PER SHARE
billion
sen
sen
PRESIDENT/GROUP
CEO’S REVIEW
DEAR VALUED SHAREHOLDERS,
In 2021, we made good on many promises on the sustainability front. Our standalone Sustainability Report (SR), which should be read in conjunction with our Integrated Annual Report (IAR), provides a deep dive into all our initiatives within our five Sustainability Pillars of Financial, Environmental, Social, Governance and Stakeholder Engagement, and the value we have created for all our stakeholders as a result of these efforts. Click HERE to read more.
REVENUE
billion
OPERATING
PROFIT
billion
CASH FLOWS FROM
OPERATING ACTIVITIES
billion
TOTAL
ASSETS
billion
EARNINGS
PER SHARE
sen
DIVIDENDS
PER SHARE
sen
PRESIDENT/GROUP
CEO’S REVIEW
DEAR VALUED SHAREHOLDERS,
In 2021, we made good on many promises on the sustainability front. Our standalone Sustainability Report (SR), which should be read in conjunction with our Integrated Annual Report (IAR), provides a deep dive into all our initiatives within our five Sustainability Pillars of Financial, Environmental, Social, Governance and Stakeholder Engagement, and the value we have created for all our stakeholders as a result of these efforts. Click HERE to read more.
REVENUE
billion
OPERATING
PROFIT
billion
CASH FLOWS FROM
OPERATING ACTIVITIES
billion
TOTAL
ASSETS
billion
EARNINGS
PER SHARE
sen
DIVIDENDS
PER SHARE
sen
STRATEGIC REVIEW
VICE PRESIDENT’S MESSAGE
2021 has been a year of resilience for MISC, as we navigated the macroeconomic headwinds that shaped our operating landscape to execute our strategic initiatives. Bearing in mind the sizeable number of ongoing projects to be delivered to our customers and the pandemic’s impacts on limiting growth opportunities, we decided to train our focus on ensuring excellence in project execution and delivery while employing a more selective approach in our pursuit of new growth projects. Our considered approach ensures that we remain on track with our value creation journey of sustainable growth and profitability, while at the same time managing our risks. Click HERE to read more.
HOW WE CREATE VALUE
MISC’s value creation model enables us to unlock value for our business and our stakeholders by utilising the inputs of our six capitals – namely our financial, physical, intellectual, human, social and relationship and natural capitals. Refer to the diagramme below.
STRATEGIC REVIEW
VICE PRESIDENT’S MESSAGE
2021 has been a year of resilience for MISC, as we navigated the macroeconomic headwinds that shaped our operating landscape to execute our strategic initiatives. Bearing in mind the sizeable number of ongoing projects to be delivered to our customers and the pandemic’s impacts on limiting growth opportunities, we decided to train our focus on ensuring excellence in project execution and delivery while employing a more selective approach in our pursuit of new growth projects. Our considered approach ensures that we remain on track with our value creation
journey of sustainable growth and profitability, while at the same time managing our risks. Click HERE to read more.
HOW WE CREATE VALUE
MISC’s value creation model enables us to unlock value for our business and our stakeholders by utilising the inputs of our six capitals – namely our financial, physical, intellectual, human, social and relationship and natural capitals. Refer to the diagramme below.
STRATEGIC REVIEW
VICE PRESIDENT’S MESSAGE
2021 has been a year of resilience for MISC, as we navigated the macroeconomic headwinds that shaped our operating landscape to execute our strategic initiatives. Bearing in mind the sizeable number of ongoing projects to be delivered to our customers and the pandemic’s impacts on limiting growth opportunities, we decided to train our focus on ensuring excellence in project execution and delivery while employing a more selective approach in our pursuit of new growth projects. Our considered approach ensures that we remain on track with our value creation journey of sustainable growth and profitability, while at the same time managing our risks. Click HERE to read more.
HOW WE CREATE VALUE
MISC’s value creation model enables us to unlock value for our business and our stakeholders by utilising the inputs of our six capitals – namely our financial, physical, intellectual, human, social and relationship and natural capitals. Refer to the diagramme below.
FIVE-YEAR GROUP
FINANCIAL PERFORMANCE
FIVE-YEAR GROUP
FINANCIAL PERFORMANCE
BUSINESS REVIEW
BUSINESS REVIEW
SUSTAINABILITY
VICE PRESIDENT’S MESSAGE
Sustainability is an imperative element that is embedded within our business strategy. Our sustainability strategic priorities pave the roadmap for us to deliver long-term value and positive impact to the environment, our employees and society. As part of our strategy, building collaborative relationships and innovative partnerships with our key stakeholders will enhance our commitment on decarbonisation, circular economy, health and safety, talent excellence and, last but not least, our values and business ethics. Click HERE to read more.
MISC SUSTAINABILITY REPORT 2021
Read about our Sustainability Report 2021.
SUSTAINABILITY
VICE PRESIDENT’S MESSAGE
Sustainability is an imperative element that is embedded within our business strategy. Our sustainability strategic priorities pave the roadmap for us to deliver long-term value and positive impact to the environment, our employees and society. As part of our strategy, building collaborative relationships and innovative partnerships with our key stakeholders will enhance our commitment on decarbonisation, circular economy, health and safety, talent excellence and, last but not least, our values and business ethics. Click HERE to read more.
MISC SUSTAINABILITY REPORT 2021
Read about our Sustainability Report 2021.
VICE PRESIDENT’S MESSAGE
Sustainability is an imperative element that is embedded within our business strategy. Our sustainability strategic priorities pave the roadmap for us to deliver long-term value and positive impact to the environment, our employees and society. As part of our strategy, building collaborative relationships and innovative partnerships with our key stakeholders will enhance our commitment on decarbonisation, circular economy, health and safety, talent excellence and, last but not least, our values and business ethics. Click HERE to read more.
MISC SUSTAINABILITY REPORT 2021
Read about our Sustainability Report 2021.