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CHAIRMAN’S           DELIVERING            MSM           MANAGEMENT DISCUSSION    GROUP FINANCIAL
                  STATEMENT             VALUE               OVERVIEW            & ANALYSIS            REPORT


           SWEETENING LIVES

           OF MALAySIANS


           SINCE 1964















           KeY HiGHLiGHts                   CORPORATE PROFILE
     16
                  Revenue                   Incorporated on 10 March 2011, MSM has been listed on the Main Market of
                  RM                        Bursa Malaysia and has a market capitalisation of RM401 million as at 31 December
                     2.2 billion            2020.  The 50 year-old iconic home-grown product, which carries an approximate
       MSM MALAYSIA HOLDINGS BERHAD   Annual Report 2020
                                            brand  value  of  RM624.3  million,  is  a  testament  that  its  brand  values  are  being  passed
                                            on from one generation of Malaysians to the next.
                  Total Assets
                  RM                        The current production capacity for MSM Group is 2.05 mil tonnes whilst the capacity in FY2020
                     2.8 billion            is 2.14 mil tonnes. The total production capacity has been further reduced due to the completion
                                            closure of MSM Perlis following the consolidation of Group’s capacity.
                  Total Refineries          We produce, market and sell refined sugar products under our flagship Gula Prai
                  2                         brand that lives up to its slogan,  “Sweetening Lives Since 1964.”  Apart from
                                            household consumers, MSM sells to a wide range of customers in Malaysia and in other countries,
                                            directly and indirectly through traders, wholesalers and distributors.
                  Production Output
                  1,010,215               VisiOn                         MissiOn

                  tonnes                  To be a world class, cost efficient and   We seek to enhance our values for the shareholders and
                                          high performance organisation with   optimise growth and achieve a sustainable,  balanced
                  Capacity Utilisation    a sustainable business model and   and integrated economic, social and environmental
                                          diverse portfolio in the food related   performance by transforming our business model and
                                          business.                      reaping opportunities throughout the food value chain.
                  47%
                  Current Annual                                         OUR SUBSIDIARIES:     OUR CUSTOMERS:
                  Production Capacity     cORe VALues
                                                                         •  MSM Prai Berhad    •  Malaysian households
                  2.05 mil tonnes                                        •  MSM Sugar Refinery   •  Beverage and
                                          S           Sense of           •  MSM Logistics Sdn Bhd   confectionery
                                                                          (Johor) Sdn Bhd
                                                      Belonging
                                                                                                 companies
                  Domestic Market Share                                  •  MSM Trading &      •  Hotels
                                                                          Distribution Sdn Bhd   •  Restaurants and food
                  60%                                                    •  MSM Trading          outlets
                                          W           Winning             International DMCC   •  Distilleries and
                                                                                                 producers of ethanol,
                                                      Attitude
                  1,024,603                                              OUR PRODUCTS:           animal feed and yeast
                  Total Sales Volume
                                                                         •  White refined sugar of
                                                                          various grain sizes
                  tonnes                   I          Integrity          •  Soft brown sugar
                                                                         •  Sugar premix
                  Top 5 Export                                           •  Liquid sugar
                  Destinations                                           •  Molasses
                                                                         •  Fine Syrup
                  Vietnam                  I          Innovation         •  Sucralose & Stevia Mix
                  China
                  South Korea
                  Singapore               T           Teamwork
                  New zealand
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