Annual Reports

At Sime Darby Berhad, our strategy centres on propelling growth in our core businesses of automotive and industrial equipment across key regional markets. The acquisition of UMW Holdings Berhad fuels our competitive edge, expands our footprint in Malaysia, and paves the way for long-term sustainable growth. The acquisition of Cavpower on the other hand, complements our existing portfolio and provides geographic expansion to position our Industrial division in high growth infrastructure and commodity areas of the Australian market. Furthermore, our exit from the healthcare sector has allowed us to focus more strategically on our core businesses.

Our theme, "Accelerating Forward, Driven by Growth," embodies the momentum achieved through acquisitions, divestments and strategic partnerships, positioning us for future success. It underscores our proactive stance in capitalising on market opportunities and adapting to evolving industry landscapes.

Our growth trajectory is accelerating, yet we remain steadfast in delivering robust financial performance, enhancing shareholder value and achieving sustainable success. Our strategy sets a clear vision for the future, emphasising our unwavering pursuit of growth, strategic expansion and an unwavering focus on the core business strengths of our business.