GC One Report 2023 [EN]

Risk Factor Key Risk Management Measures Financial and Investment Management Risk Strategic investment helps to increase competitiveness, drive growth, and create sustainability for the business in the long term. However, there are risk factors that GC must monitor and manage closely. In addition to the management of financial risks that may impact GC’s profitability and liquidity as well as its ability to finance investments while also maintaining its investmentgrade credit rating, GC must also consider efficient management and allocation of investments budget to achieve future growth and increase returns in paral lel with achieving balance in sustainability. Prudently conduct project analysis, review, and prioritization with a focus on critical aspects, such as reliability and safety and on growth and sustainability projects that require low investments and yield good returns; and seek investment approval according to the Corporate Investment Management (CIM) process by the Investment Committee. For significant investment projects involving high capital budgets or encumbered securities which may significantly affect GC’s reputation or stakeholders, the Risk Management Committee examines and comments on the risk assessment performed and the adequacy of the risk management measures to be implemented. This information is then submitted as part of the investment proposal for approval by the Board of Directors. Manage financial risks, such as exchange rates, interest rates that may impact profitability, financial costs, and GC’s liquidity through various financial tools, such as Cross Currency Swap (CCS) and P2F Hedging. Ensure financing preparedness, maintain GC’s liquidity, and reduce its liabilities to maintain the credit rating and fiscal discipline according to its financial policy to support future investments, such as by or through: reducing the holding of assets or investments that are not aligned with the core strategy expediting the payout of accrued oil fund bond buybacks Conduct look-back analysis to follow up on and evaluate completed projects in order to enhance GC’s project management and increase the chances of success for future projects. 92

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