accelerating crest@UMW

INTEGRATED ANNUAL REPORT 2022

Read our cover rationale
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vision

To be an innovative global conglomerate with sustainable core businesses.

mission

Committed to delivering excellence and sustained value creation for our stakeholders through products and services.

our core values

Ways of Working, or “WoW” for short, is the clarion call for our employees to pledge their unwavering commitment to this renowned industrial conglomerate.

WoW encapsulates three core values – We Are One, We Drive Change and We Are One, We Drive Change and We Deliver Promises.

Embracing these three core values will take us to the next level in fulfilling our roles and responsibilities to the UMW Group.

WOW advocates collaboration and going the extra mile towards driving excellence and success for the businesses.

OUR REGIONAL PRESENCE

employees

OUR REGIONAL PRESENCE

employees

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Malaysia

Singapore

China

Papua New Guinea

Vietnam

Myanmar

Indonesia

Brunei

financial highlights

revenue (RM million)

PROFIT BEFORE ZAKAT AND TAXATION (RM million)

PROFIT FOR THE FINANCIAL YEAR (RM million)

SHAREHOLDER’S FUNDS (RM million)

BASIC EARNINGS PER SHARE (Sen)

NET ASSETS PER SHARE (RM)

Views From Our Leaders

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chairman

Group Chairman's message

Dear Valued Shareholders,

The Board's priority in 2022 for the UMW Group was to strengthen resilience by actively managing risks, while operating in a world facing global macro-economic and geo-political headwinds.

Tan Sri Dato’ Sri Hamad Kama Piah Che Othman

Group Chairman

Group Revenue Growth

%

RM billion

compared with RM 11.1 billion in 2021

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president

President & Group Chief Executive Officer’s Review

Dear Valued Shareholders,

2022 was a good year for Malaysia and the UMW Group. The recovery, buoyed by the transition of COVID-19 from pandemic to endemic phase, improved business and consumer confidence.

Dato’ Ahmad Fuaad Kenali

President & Group Chief Executive Officer

Group’s Revenue

RM billion

Group's Profit Before Tax

RM million

Our Performance

automotive

automotive

equipment

equipment

manufacturing & engineering

MnE

aerospace

aerospace

development

development

UMW Toyota

Perodua

Reclaimed its position as the number-one non-national car manufacturer in Malaysia for the second year running

toyota sales volume

(Units)

2021: 72,394

TOYOTA CAPITAL MANAGED ASSETS

(RM billion)

2021: 6.3

Managing our material matters

our value creation business model

key inputs

financial

financial capital

manufactured

manufactured capital

human

human capital

intellectual

intellectual capital

social

social and relationship capital

natural

natural capital

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initiatives

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outputs

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outcomes

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trade-offs

Sustainability Performance

Pillar 4 : SUSTAINABLE LOCAL COMMUNITIES

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Pillar 3 : SUSTAINABLE PRODUCTS AND SERVICES

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Pillar 2 : SUSTAINABLE WORKFORCE

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Pillar 1 : SUSTAINABLE ENVIRONMENT

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ENVIRONMENTAL STEWARDSHIP

100% Carbon Neutrality by 2050

Strategic Action Plan

  • Environmental leadership via sustainable operational excellence
  • Invest in nature-based solution for CO2 sequestration

Target Milestone

  • 45% CO2 neutrality by 2030
  • 100% CO2 neutrality by 2050

Key Focus Areas

  • Renewable Energy (Solar PV installations, Green Electricity Tarriff subscription)
  • Reforestation

Key Highlights

  • KYB-UMW and UMWT subscribed to GET
  • ASSB, Aerospace and KYB-UMW installed rooftop solar PV
  • 157,000 mangrove and 10,000 bamboo trees planted

Alignment to UN SDGs

sdg7sdg11sdg12sdg13sdg15sdg17

Leadership

Board of directors

management committee members

ex officio members

TAN SRI DATO’ SRI HAMAD KAMA PIAH CHE OTHMAN

TAN SRI DATO’ SRI HAMAD KAMA PIAH CHE OTHMAN

Group Chairman,

Non-Independent Non-Executive Director

DATO’ AHMAD FUAAD KENALI

DATO’ AHMAD FUAAD KENALI

President & Group Chief Executive Officer/

Executive Director

DR. VEERINDERJEET SINGH

DR. VEERINDERJEET SINGH

Senior Independent

Non-Executive Director

DATO’ ESHAH MEOR SULEIMAN

DATO’ ESHAH MEOR SULEIMAN

Independent

Non-Executive Director

DATIN PADUKA KARTINI HJ ABDUL MANAF

DATIN PADUKA KARTINI HJ ABDUL MANAF

Non-Independent

Non-Executive Director

RAZALEE AMIN

RAZALEE AMIN

Independent

Non-Executive Director

DATO’ SERI PROF. DR. IR. ZAINI UJANG

DATO’ SERI PROF. DR. IR. ZAINI UJANG

Independent

Non-Executive Director

DATO’ AZMI MOHD ALI

DATO’ AZMI MOHD ALI

Independent

Non-Executive Director

SHAHIN FAROUQUE JAMMAL AHMAD

SHAHIN FAROUQUE JAMMAL AHMAD

Non-Independent

Non-Executive Director

MOHD SHAHAZWAN MOHD HARRIS

MOHD SHAHAZWAN MOHD HARRIS

Non-Independent

Non-Executive Director

DATUK (DR.) YASMIN MAHMOOD

DATUK (DR.) YASMIN MAHMOOD

Independent

Non-Executive Director

41st Annual General Meeting

NOTICE IS HEREBY GIVEN THAT the 41st Annual General Meeting (AGM) of the Company will be held virtually via live streaming from the broadcast venue at Menara UMW, Jalan Puncak, Off Jalan P. Ramlee, 50250 Kuala Lumpur, Malaysia on Wednesday, 17 May 2023 at 10.00 a.m. to transact the following businesses:

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DATE

Wednesday, 17 May 2023

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TIME

10.00 am