Long-Term Growth
Total Page:16
File Type:pdf, Size:1020Kb
ENSURING LONG-TERM GROWTH ANNUAL REPORT 2018 PUNCAK VISION & MISSION AND VALUES To Be The Leading To meet the increasing challenges in the demand for water, wastewater and environmental engineering, facilities Regional Integrated management services, property development, plantation and Water, Wastewater And construction sector through the continuous implementation Environmental Solutions of strategic planning, high quality standards, efficient services, human capital development, innovative technologies and Provider With Involvement operational systems In Concession Facilities Management Services, To actively participate in local, regional and global business opportunities with linkages to the Company’s core activities Plantation And Property Development Sectors To share experience and offer our expertise through Smart Business Partnerships, Public Private Partnerships or other innovative business models in order to expand business growth OUR VISION OUR MISSION Our Company’s values, the PUNCAK Values shape our organisational culture and guide the way we run our business. They are integrated into our business processes and our core values. At PUNCAK, we are and continuously seek to be: Passionate United Nurture Corporate Accountable Knowledgeable about our as one in our corporate our human Governance for all our actions in all aspects of our business for responsibility strategy to capital towards guides the way we and engagement business operations sustainable align with our Vision To an exemplary run our business process with our and continue to performance Be The Leading Regional workforce in an evolving stakeholders be the trusted and Integrated Water, Wastewater global business reliable service And Environmental environment provider Solutions Provider With Involvement In Concession Facilities Management Services,Plantation And Property Development Sectors PUNCAK VALUES CONTENTS ABOUT US HOW WE ARE GOVERNED About This Report 3 Corporate Governance Overview Statement 74 Audit Committee Report 87 OUR YEAR AT A GLANCE Additional Compliance Information 91 Statement On Risk Management Five-Year Group Performance 4 And Internal Control 92 Five-Year Financial Highlights 5 Corporate Disclosure Policy 100 Share Price Movement 6 Corporate Sustainability Policy 101 Financial Calendar 7 Corporate Social Responsibility Policy 102 Health, Safety And OUR ORGANISATION’S Environmental Policy 103 D.N.A. Investor Relations Policy & Report 104 Quality Policy 106 Corporate Profile 8 Board Diversity Policy 107 Corporate Information 10 Diversity Policy 108 Organisation Structure 13 Statement On Directors’ Corporate Structure 14 Responsibility For Preparation Of Financial Statements 109 Ensuring OUR STRATEGIC CONTEXT Long-Term Chairman’s Letter To Shareholders 16 OUR FINANCIAL NUMBERS Management Discussion Approaching Our Financial Growth Statements 110 And Analysis 20 Puncak Niaga Holdings Berhad is firmly Financial Statements 112 committed towards ensuring long-term HOW WE CREATE business growth, ensuring shareholders’ OTHER INFORMATION returns on investment and contributing VALUE THROUGH towards the socioeconomic development SUSTAINABILITY Analysis On Securities Of Company 266 of our nation. Our sustainable development List Of Properties 270 and growth is guided by focused strategies Sustainability Statement 39 GRI G4 Content Index 274 within our core business segments of water, Introduction environmental engineering and construction, plantation and concession and facilities Sustainability Governance ND Public Policy NOTICE OF 22 AGM management. Our ultimate aim is to focus nd on growth activities which add value to our Scope Notice Of 22 Annual business resilience to achieve our long-term Stakeholder Engagement General Meeting 278 Statement Accompanying growth agenda. Materiality The Notice Of 22nd Annual Sustainability Performance General Meeting 283 On Material Issues Creating Economic Value 43 22nd Annual General Environmental Value 47 OTHERS Meeting of Puncak Value To Our Employees 52 • Proxy Form Niaga Holdings Value To Our Communities 57 • Personal Data Notice Berhad Corporate Events 58 Concorde I, Level 2, Concorde Hotel Shah Alam, No. 3, Jalan Tengku Ampuan Zabedah OUR LEADERSHIP C9/C, 40100 Shah Alam, Selangor Darul Ehsan AND THEIR ROLES Tuesday 9.30 Board Of Directors’ Profile 60 28 May 2019 A.M. Key Personnel Profile - Puncak Niaga Group 70 PUNCAK NIAGA GROUP FACT SHEET KEY HIGHLIGHTS NUMBER OF SHARES ISSUED 2018 AS AT 31 DECEMBER 2018 449,284,556 On SHARE CAPITAL 31 May 2018 AS AT 31 DECEMBER 2018 Puncak Niaga completed the acquisition of the entire issued share capital in TRIplc RM554,662,777 Berhad (TRIplc) which is principally involved in the provision of project management services for construction projects, property List Of Corporate Memberships development, property investment, property management and facilities management Member since services 1. Malaysia South-South Association (MASSA) 1995 2. Federation of Public Listed Companies (FPLC) 1997 PNCSB achieved 3. Malaysian Employers Federation (MEF) 1999 4. Malaysian Industry-Government Group for High 2001 Technology (MIGHT) ZERO LOSS 5. Malaysian-German Chamber of Commerce and 2002 Industry (MGCC) TIME INJURY 6. Malaysian-French Chamber of Commerce and 2002 IN 2018 Industry (MFCCI) 7. Malaysia-Russia Business Council 2002 Puncak Niaga’s 8. British Malaysian Chamber of Commerce 2003 market capitalisation as at (BMCC) 31 December 2018 stood at 9. Malaysia-Japan Economic Association 2003 (MAJECA) 10. Commonwealth Partnership for Technology 2003 RM156.5 Management (CPTM) 11. Institute of Marketing Malaysia (IMM) 2003 million 12. Singapore Water Association 2006 13. Malaysian Investors Relations Association 2008 (MIRA) 14. Environmental Management & Research 2009 Puncak Niaga Association of Malaysia (ENSEARCH) 15. Malaysia External Trade Development 2012 was awarded Corporation (MATRADE) “Best Brands In Services: 16. Arab-Malaysian Chamber of Commerce 2012 17. EU-Malaysia Chamber of Commerce and 2012 Integrated Water, Wastewater and Industry Environmental Solutions” on 20 November 2018 18. Institute of Corporate Directors Malaysia 2018 ANNUAL REPORT 2018 PUNCAK NIAGA HOLDINGS BERHAD 3 01 ABOUT US ABOUT THIS REPORT In preparing our Annual Report, we have The hard copy of this report is available to applied the highest levels of governance and all stakeholders upon request. A soft copy is ethics in providing a transparent, balanced publicly available at www.puncakniaga.com.my. Puncak Niaga and comprehensive account and analysis of our strategy, performance and prospects in BOUNDARY AND REPORTING Holdings Berhad relation to material financial, economic, social, PERIOD environmental and governance issues. Our (Puncak Niaga) sustainable business performance focuses on The report refers to the period 1 January 2018 to material issues that affect the long-term success 31 December 2018 (unless indicated otherwise is committed to of our Group, relating to any significant impacts at certain points) and: we have on the economy, environment or social creating value for spheres within the areas where we operate. • refers to all activities of Puncak Niaga Group (including principal subsidiaries) our stakeholders Forward moving statements should be taken • addresses all operations of Puncak Niaga with a degree of caution as they are reliant on Group through sustainable various events, risks, uncertainties and other • contains quantitative and qualitative results factors beyond our control. These statements for all indicators presented for the last three long-term business can be identified through the use of key words (3) years (unless otherwise specified) such as “believes”, “intend”, “will”, “plans”, growth. “outlook” and other similar words in conjunction FEEDBACK with discussions on future operating or financial performance. In the coming years, we will be able All comments, thoughts and remarks can be This Annual Report provides an account of to report with more comprehensive data and directed to: our value creation journey for the Financial better assess our material focus areas. PUNCAK NIAGA HOLDINGS BERHAD Year Ended 31 December 2018 (FY2018). c/o Secretarial Department th It provides information on our operating This Annual Report is aimed at a broad audience 10 Floor, Wisma Rozali environment, along with challenges of stakeholders, including our employees, local No. 4, Persiaran Sukan encountered and our achievements communities, non-governmental organisations Seksyen 13 in FY2018 within our four operational (NGOs), customers and the government. Our 40100 Shah Alam business segments of water, environmental disclosures adhere to the requirements of the Selangor Darul Ehsan engineering and construction, plantation, Malaysian Code on Corporate Governance and concession and facilities management. 2017 (MCCG 2017), the Main Market Listing Telephone : 03 5522 8589 Requirements (MMLR) of Bursa Malaysia Fax : 03 5512 0220 Securities Berhad and Sustainability Guidelines, Email : [email protected] and the core option of the Global Reporting Initiative (GRI) G4 Sustainability Reporting Guidelines. Details of compliance with the GRI G4 indicators can be found on pages 274 to 277. The report has been developed with the oversight of the Board of Directors, who have given their approval for the contents. Our financial reporting is audited by an independent third party, KPMG Please scan the QR code to access our PLT, who also audited our Financial Statements Annual Report which is