ECONOMI C PERFORMANCE Sect ion 05 29 SUSTAINAB I L I TY Report 2022 ECONOMIC PERFORMANCE DIRECT ECONOMIC VALUES CREATED FY2022 has seen Ranhill continue to focusing on driving business and financial performance. In FY2022, on the back of increasing water and electricity consumption as well as improved contributions from the Services Sector, Group revenue was marginally higher at RM1,153.8 million, 1.1% higher year-on-year (FY2021: RM1,141.4 million). However, the deferment in new water tariff implementation to FY2023 had impacted overall revenue as well as earnings performance. Group Profit Before Tax (“PBT”) declined by 11.3% year-on-year to RM85.2 million (FY2021: RM96.1 million). Aside from the aforementioned deferment in tariff implementation, other factors that affected pre-tax earnings include the delay in the implementation of lower lease costs for rented assets from water asset owner, Pengurusan Aset Air Berhad (“PAAB”). Also offsetting earnings was the imposition of Imbalance Cost Pass-Through (“ICPT”) surcharges by Tenaga Nasional Berhad (“TNB”). From February 2022, ICPT surcharges of RM0.0037 per kWh were imposed on Ranhill SAJ, which resulted in a 6.8% increase in electricity costs amounting to RM137.0 million. Further details of the Group’s financial performance are provided in the Financial Highlights section of SR2022. Readers may also choose to review detailed performance disclosures as provided in the Management Discussion and Analysis section of the AR2022. ECONOMIC IMPACT VS ENVIRONMENTAL FOOTPRINT Ranhill continues to measure the efficiency of its operations for energy consumption, emissions and water consumption. In FY2022, the Group has expanded such performance ratios to include waste generated. The efficiency measures go towards demonstrating that business growth and improved financial performance can be achieved while continuing to manage environmental footprint. Financial Year FY2020 FY2021 FY2022 Revenue (RM’Million) 1,468.50 1,530.90 1,726.30 Total direct Energy Consumption diesel, petrol, etc converted into kWH 16,346,476.2 13,124,668.3 10,425,165.5 Total direct Energy Consumption diesel, petrol, etc converted into GJ 58,847.3 47,248.8 37,530.6 Direct Energy Intensity (kWH / revenue RM’Million) 11,131.4 8,573.2 6,039.0 Indirect Energy Consumption: Electricity (GWh) 351.3 321.1 374.3 Indirect Energy Consumption: Electricity (GJ) 1,264,788.0 1,155,960.0 1,347,444.0 Total Energy Consumption (GJ) 1,323,635.3 1,203,208.8 1,384,974.6 Indirect Energy Intensity (GWh / revenue RM’Million) 0.2 0.2 0.2 Total Energy Intensity (GWh / revenue RM’Million) 901.4 785.9 802.3 Scope One Emissions (MtCO2eq) 4,351.5 3,492.0 2,765.3 Scope Two Emissions (MtCO2eq) 205,526.1 187,843.9 218,960.9 Scope Three Emissions (MtCO2eq) 16,918.8 15,941.9 18,080.3 Total Carbon Emissions (MtCO2eq) 226,796.4 207,277.8 239,806.5 Total Carbon Emissions Intensity (MtCO2eq / revenue RM’Million) 154.4 135.4 138.9 Total Water abstraction (m3) 698,371,127.0 682,991,959.0 686,891,245.0 Water Efficiency / Intensity (m3 / revenue RM’Million) 475,567.7 446,137.5 397,898.0 Ranhill has developed performance ratios, towards establishing efficiency or intensity benchmarks
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