2018 UEM Edgenta Annual Report

2017 2016 2015 2014 2013 Special Dividend 0 50 40 30 20 10 -300% 200% 100% 0 -100% -200% 58% 92% 64% 72% 75% 180% 79% 20% 10 5 15 7 13 18 18 14 2018 Final/Interim Dividend Net Payout Ratio (Inc- Special Div) Net Payout Ratio (Ex- Special Div) INVESTOR RELATIONS TRANSPARENCY We continuously maintain a high level of transparency in our financial reporting and corporate governance, guided by the Malaysian Code of Corporate Governance, the Main Market Listing Requirements of Bursa Malaysia Securities Berhad as well as international best practices. RESEARCH COVERAGE One of the key focus of Investor Relations’ activities for the financial year was to widen the research coverage to increase the Company’s visibility among investing community. In 2018, the number of research coverage increased to 3, with new initiation from RHB Research. The IR team is continuously working with research houses to further expand the research coverage. Summary of the research reports are as below. Research House Call Target Price Hong Leong Investment Bank Buy RM3.32 RHB Research Buy RM3.22 MIDF Buy RM3.28 * as at 28 February 2019 DIVIDEND POLICY In 2018, UEM Edgenta revised its dividend policy to distribute at least 50% and up to 80% of its PATANCI, subject to the sufficiency of the Company’s cash flow and future capital expenditure requirements. The dividend policy instils the Company’s commitment to provide healthy returns to our shareholders. DIVIDENDS DECLARED For FY2018, UEM Edgenta has declared a total dividend of 14 sen per share (1 st interim of 6 sen and 2 nd interim of 8 sen). Management Discussion & Analysis UEM Edgenta Berhad Annual Report 2018 About UEM Edgenta Chairman’s Statement 84