Page 73 - MSM_AIR2021

SUSTAINABILITY JOURNEY HOW WE ARE GOVERNED FINANCIAL STATEMENTS ADDITIONAL INFORMATION 71

Status Achieved Delayed Ongoing

STATUS OF KEY STRATEGIC TARGETS UNDER MSM BP21

Improve MSM Johor’s Production Capability,
S1 S5 Strategic Capital Management
Yield and Refining Cost

In Progress 50% In Progress 70%

MSM Johor Yield 91% in FY2021 Paring down of term loan from MSM Perlis
disposal proceeds
Boiler rectification works at the plant Increase USD borrowings for natural hedge in
line with growing USD receivables from export

Improve Sales & Distribution through territory
S2 S6 Export via Strategic Partnership
consolidation and area demarcation
In Progress 50% In Progress 50%

Lower warehousing cost Explore strategic partnership to strengthen
export segment and further unlock synergistic
Lower overall sales volume causing higher unit value
cost

S3 Increase Growth in Domestic Volume S7 Monetise Non-core Asset

In Progress 50% Completed 100%
Higher Weighted Average Selling Price
FY2021 vs FY2020 Disposal of MSM Perlis
Lower sales volume (mainly affected by
Movement Control Orders)

S4 Growth in Value Added Segment Sales

In Progress 50%

Higher Average Selling Price

Lower production volume (mainly affected by
MSM Johor temporary shutdown, MCO and
high container cost)