YOMA STRATEGIC HOLDINGS

FY2021 ANNUAL GENERAL MEETING 28 JANUARY 2022

MYANMAR'S ECONOMIC OUTLOOK

Myanmar facing a contraction in GDP

10.00%

years

6.41%

5.75%

6.41%

6.75%

5.00%

3.19%

2.49%

previous

0.00%

to

-0.06%

compared

-5.00%

growth

-10.00%

-15.00%

GDP

-20.00%

-17.94%

2016

2017

2018

2019

2020

2021*

2022*

2023*

* forecasted data

Source : IMF data published in October 2021

with lower FDI, now originating mainly from Asia

US$3.79

billion

Source : DICA Myanmar

COVID-19 AND BUSINESS ENVIRONMENT DISRUPTIONS

MYANMAR'S VACCINATION PROGRAMME

  • Third wave of COVID-19 in July 2021 with very severe infection rates.
  • Nationwide vaccination programmes have begun.
  • 38.9 million vaccine doses1 have been administered as of 15 January 2022.

BUSINESS ENVIRONMENT DISRUPTIONS

  • Economy continued to be constrained by the short supply of cash.
  • Country's GDP declined sharply with the hardest hit sectors being the construction, garments and tourism sectors.
  • Access to banking services and availability of credit remained limited.

1 WHO data as of January 2022

Source : WHO Data (Myanmar), Xinhua News

YOMA'S COVID-19 MEASURES

  • Activation of COVID-19 measures, including work-from-home arrangements.
  • Front line staff continued operations with additional health and safety precautions.
  • Provided medical assistance to employees and their families through Telemed services.
  • Deployed significant effort on a private vaccination programme for employees and their families.

99% of our employees are vaccinated as of December 2021.

Decline in revenue was mainly driven by:

  • Significant impact of COVID-19 and the uncertain operating environment in the country since 1 February 2021.
  • Yoma Land remained resilient, while Yoma F&B and Yoma Motors were affected by

KEY FINANCIAL HIGHLIGHTS

KEY INCOME STATEMENT ITEMS

US$million

120

100

103.4

80

87.3

60

40

20

0

-20

-15.7

-40

-65.7

-60

-80

Revenue

Net Loss

12M-Sept2020

12M-Sept2021

Smaller losses were mainly driven by:

  • Declines in administrative and interest expenses by 15.8% and 3.2%, respectively, year- over-year.
  • Higher other income mainly due to the net fair value gains on investment properties.

significant disruptions.

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Yoma Strategic Holdings Ltd. published this content on 28 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 January 2022 04:15:03 UTC.