4 FGV HOLDINGS BERHAD ABOUT FGV VALUE CREATION FGV’s Chairman Address 2021 Making Dynamic and Responsible Strides Dear Valued Stakeholders, Despite various challenges faced in 2021, we have recorded the best result since going public in 2012. We maintained operational parameters in line with the national average. We have products that are listed as topmost chosen FMCG brands in Malaysia, and our Logistics strength has been enhanced with new assets. We are also advancing our sustainability journey as the first food and agribusiness company in Malaysia to formalise a Climate Action Plan target with the United Nations. On behalf of the Board, I would like to thank you for the privilege to present to you FGV’s performance report for the financial year ended 31 December 2021. It has been a dynamic year of change and growth. Notwithstanding the marked improvement in our performance this year, the Board remains committed to invest and expand towards a broader range of sustainable and synergised agribusinesses as we strive to achieve strong business performance. The Board also advocates the fortification of sustainability strategies in every aspect of our business. To us, the new normal is not just limited to safety protocols. Business today has to be aligned with global sustainability actions and climate goals, meet expectations of greater engagement and deliver sustainable value. This calls for agile response and a responsible outlook with an eye on long-term growth prospects. NAVIGATING TOWARDS A BROADER FOCUS While strategies to optimise every aspect of the Plantation business continue to be prioritised and executed, the way forward for FGV Holdings Berhad (FGV) is to move into higher value-added business activities to achieve more stable returns. On this strategic journey, FGV aspires to become one of the world’s leading sustainable agribusiness players with reputed product brands, and strong distribution capabilities. Embarking in this direction, we have made good strides during the year by Harnessing Synergies and Delivering Value. MANAGEMENT DISCUSSION & ANALYSIS
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