Page 19 - Annual Report 2021

Chairman’s message
Pursuing Excellence,

creating Value

We have successfully achieved a complete operational transformation
in 2021 to turn the UMH Group into a high performance company.

It is my great pleasure to present In all that we do, we continually
the inaugural report of UM Holdings engage with UM on proposed major Financial
Sdn Bhd (UMH) after two decades in initiatives to monetise UM’s assets and Milestones for
business. resources within the context of the UM FY2021
Master Plan which has a significant
UMH is a unique entity as it was impact on the direction and activities of rEVEnuE
established in 2001 as the investment the UMH Group. incrEasED
FrOM
holding company of Universiti Malaya
(UM). Serving as the business and Pursuing Excellence in 2021 RM215.0m
corporate vehicle for UM, UMH and its In 2020, the Group embarked on an in 2020 to
subsidiaries (the Group) are entrusted extensive rationalisation exercise
with the mandate of commercialising (RE) to establish a sound foundation RM241.6m
UM’s substantial capitals to create both for future excellence. This RE focused in 2021 - increased by
financial and non-financial value and on setting up the Group’s direction 12.4%
hence support UM’s long-term financial and purpose, putting in place an
viability. appropriate corporate structure,
strengthening good governance, PBt iMPrOVED
instituting professional management FrOM
and structuring operations in order RM17.8m
to transform into a high-performing
entity. The RE called for creating a in 2020 to
business plan charting the Group’s RM25.0m
future direction, implementing effective in 2021 - improved by
corporate governance structures 40.4%
and processes for robust oversight,
inculcating a dynamic work culture
led by professional management, sHarEHOlDEr’s
and complying with proper FunD incrEasED
accounting standards and FrOM
RM32.9m
business best practices.
in 2020 to
Alhamdulillah, we were able
to expedite and execute RM43.8m
our restructuring and in 2021
rationalisation strategies
despite the extreme volatility
and unprecedented challenges
of the COVID-19 pandemic
landscape.

Annual Report 2021 19