CONTENTS

01 Mission Statement 75 Audit Committee Report 02 Corporate Profile 78 Statement of Directors’ Responsibility 03 Corporate Information in Respect of the Audited Financial Statements 04 Profile of Directors 79 Financial Statements 09 Profile of Key Senior Management 159 List of Property 11 Chairman’s Statement 160 Other Information 14 Management Discussion & Analysis 161 Statement of Directors’ Shareholdings 17 Corporate Structure 162 Analysis of Shareholdings 18 Group Financial Summary 164 Notice of Annual General Meeting 19 Group Financial Highlights 20 Sustainability Statement Form of Proxy 59 Corporate Governance Overview Statement 72 Statement on Risk Management and Internal Control

Mazda CX-8 MISSION STATEMENT

HONESTY

INTEGRITY THE DISTRIBUTOR CORE OF CHOICE COMMITMENT THROUGH OUR VALUES CORE VALUES (ETHOS) LOYALTY

HUMANITY

“THE TO BE THE “CHOICE” DISTRIBUTOR DISTRIBUTOR” Customers decide to OF CHOICE Refers to the “best known, make their choice. most satisfying”.

SAFE VALUE DRIVING FOR MONEY

FULFILLING CUSTOMERS’ SATISFACTION AS WELL AS PROVIDING A RICH AND REWARDING OWNERSHIP EXPERIENCE

REALLY GOOD “ZOOM-ZOOM” WELL DESIGNED BRAND DRIVING WITH ADVANCED EXPERIENCE TECHNOLOGY

BERMAZ AUTO BERHAD Registration No. 201001016854 (900557-M) 01 ANNUAL REPORT 2020 CORPORATE PROFILE

Mazda3

Bermaz Auto Berhad (“BAuto”) was incorporated in on 11 May 2010 as a private limited company under the name Fiscal Start Sdn Bhd. It assumed the name Berjaya Auto Sdn Bhd on 14 February 2011 and was subsequently converted into a public company on 11 July 2011. BAuto was listed on the Main Market of Bursa Malaysia Securities Berhad on 18 November 2013. On 11 October 2016, BAuto announced its change of name to the current Bermaz Auto Berhad. On 22 June 2020, BAuto has been admitted to the FTSE4Good Bursa Malaysia (“F4GBM”) Index.

The Group is principally involved in the distribution and BAP commenced operations on 2 January 2013 after it retailing of Mazda vehicles as well as provision of after- entered into a Distribution Agreement with Mazda Japan sales services for Mazda vehicles in Malaysia via Bermaz on 12 September 2012. As at 30 April 2020, it has 20 3S Motor Sdn Bhd and Bermaz Motor Trading Sdn Bhd centres operated by appointed third party dealers. (collectively “Bermaz”). In the Philippines, the distribution of Mazda vehicles and spare parts is undertaken by Bermaz Mazda Malaysia Sdn Bhd (“MMSB”) is a 30% associated Auto Philippines Inc (“BAP”) through appointed dealers. company of Bermaz Motor Sdn Bhd, with the remaining 70% equity interest held by Mazda Japan. MMSB is Bermaz Motor Sdn Bhd commenced operations on 1 April principally involved in the local assembly of Mazda vehicles 2008 after it entered into a Distribution Agreement with by a third party contract assembler, Inokom Corporation Mazda Motor Corporation (“Mazda Japan”) on 28 February Sdn Bhd (“Inokom”), using local parts and imported Mazda 2008 and was awarded the distributorship of specifc supplied parts. On 1 December 2014, the Company models of Mazda Completely Built-Up (“CBU”) vehicles, acquired 20% equity interest in Inokom, followed by spare parts, accessories and tools in Malaysia. As at additional acquisitions of 4% and 5% equity interest on 30 April 2020, Bermaz owns 13 branches, of which 8 are 25 February 2015 and 26 January 2016 respectively. 3S (“sales, spare parts and after-sales services”) centres, Inokom is now a 29% owned associated company of 3 are 2S (“spare parts and after-sales services”) centres, the Group. 1 is 1S (“sales”) centre and 1 flagship Body & Paint Repair centre. It also has 72 dealer centres nationwide, operated by third party dealers of which 38 are 3S centres, 13 are 2S centres and 21 are 1S centres.

02 BERMAZ AUTO BERHAD Registration No. 201001016854 (900557-M) ANNUAL REPORT 2020