Investor Presentaiton
Structured Cost Take-out
RM 'mil
1 (611)
Evolution Analysis
2 Identified RM 410 mil of annualised cost take-out
out of the RM 300-500 mil target
9,386
8,775
Total Cost
Increase in cost
Decrease in cost ☐ Details TBD
(30)
8,938
(45)
(200)
(80)
(55)
Annualised Impact (RM410m il)
2021 impact of RM 195 mil
FY2019A
(BAU)
Cost
Savings
FY2020A
ΤΗ
SG
TNGD
Optimisation Optimisation Deconsolid-
ation
Savings from
IA Write-off &
Accelerated
Amortisation
ID Cost
Optimisation
BAU Spend
FY2021A
BAU
Spend
FY2022
$
1 Realised RM611 mil (6.5%) savings in FY2020 against
FY2019 (BAU)
Initiatives Update
·
•
1Q21
Completed deconsolidation of TNGD
Performed on-going stringent cost
control framework & enhanced
CAPEX prioritisation framework
•
2
Identified RM 410 mil cost take-out in FY2021. Realised
RM195 mil in 2021. Continued identification of structural
cost initiatives to maximise stakeholder value in 2022
2Q21
Commenced Thai Commercial exit
Commenced Singapore rightsizing
Completed IA write-off and
accelerated amortisation exercise
•
3Q21
Performed on-going Indonesia Cost
Optimisation (Transformational and
BAU initiatives)
Completed Malaysia real estate
optimisation review and kick-started the
exercise
4Q21
•
Completed review of optimal
organisation structure for
Malaysia, Indonesia, Thailand
and Cambodia
Σ
Notes: Opex reclassification conducted in 3Q21 that lowered FY2019 and FY2020 opex
•
Completed impairment of Thai Goodwill
amounting to RM1.2 bil
24
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Strategic Themes
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Facad
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