TNB are resolute in supporting the growth of the nation by creating further value for all our stakeholders by leveraging new opportunities and realise the nation’s sustainability ambitions for a better and brighter future. The increase in electricity demand directly contributed to TNB’s top-line growth of 4.3% YOY in 2023, with revenue growing to RM53.07 billion. However, we recorded lower EBITDA and profit after tax (PAT) of RM18.6 billion and RM2.6 billion respectively, mainly due to the negative fuel margin. Our liquidity and cashflow position have improved significantly in 2023 as we recorded a 56% reduction in receivables, mainly through consistent cost recovery of Imbalance Cost Pass-Through (ICPT) as well as efforts made by TNB to improve our collection rate. Operational excellence remains a cornerstone of our strategy, andwe strive to ensure our infrastructure assets remain robust and available to serve our customers. We recorded a Transmission System Minutes of 0.48 minutes, while our Distribution System Average Interruption Duration Index (SAIDI) was 46.1 - which puts us on par with other global utilities. Our power plants recorded a solid 83.3% availability factor throughout 2023, a testament to the efforts of our employees in upholding world-class standards of operational excellence in the operation and maintenance of our electricity supply infrastructure. With regards to the safety and well-being of our employees and contractors, our Loss Time Injury Frequency (LTIF) was 0.74, a slight improvement from the 0.82 recorded in 2022. In 2023, we recorded the unfortunate loss of four lives - three employees and one contractor. We understand the gravity of the situation and are taking all the necessary preventive measures to ensure the safety of everyone with the enforcement of Tenaga Safety Culture and Life Saving Rules. PERFORMANCE HIGHLIGHTS Malaysia’s economy continue its growth trajectory in 2023 at a moderated pace of 3.7% compared to the robust 8.7% in 2022. The economic expansion was similarly