With Asia’s electric vehicle (EV) market poised for growth, the race to deploy EV charging infrastructure will continue to heat up. Our experience and capabilities in delivering an extensive and integrated suite of EV charging solutions will allow us to seize the opportunities that lie ahead. The blend of emerging innovative technologies, broader adoption of cleaner vehicles and policy measures such as congestion pricing, can help cities holistically manage urban mobility for more seamless and greener journeys. We are confident that our differentiated Smart Mobility offerings, combined with robust go-to-market strategies and plans to expand our U.S. footprint through TransCore, will strengthen our position as a Smart Mobility market leader and unlock new growth opportunities. Smart Utilities and Infrastructure As cities grow, resource management needs to be more efficient to meet operational and sustainability goals. Through IoT technology combined with smart city operating platforms and digital twin technology, unprecedented operating insights, resource optimisation and efficiencies across verticals and entire cities can be achieved to elevate sustainability outcomes. We aim to build on our established success in enabling smart city infrastructure through devices and platforms to strengthen our IoT, Smart Street Lighting and Water Advanced Metering Infrastructure businesses in growth markets. In parallel, cities need to stay resilient against physical and online threats – this is where advanced technology can provide peace of mind. In the postpandemic future, contactless Smart Security operations leveraging biometric technology, AI automation and robotics built on robust cybersecurity technology, are set to be the new norm. We aim to leverage our deep expertise in robust integrated Smart Security management solutions to pursue innovations and opportunities in this space. Satellite Communications The satcom industry continues to transform and will see significant investments driven by several trends. These include a growing demand for satellite connectivity that is sparked by a boom in connected devices in the agriculture, maritime, mining and oil and gas markets as well as an expanding space defence market where commercial satcom ground assets will increasingly be deployed for critical missions and built-in redundancies. In addition, more powerful satellites entering the market coupled with a surge in multi-orbit deployments of HEO, GEO, MEO and LEO constellations will continue to supply terabit-level capacity to the market. In tandem, the strong push for space-terrestrial network convergence, combined with the shift towards cloudification and virtualisation, will form the foundation for 5G infrastructure to create seamless hybrid networks that fuel new applications. The intersection of new connectivity demand, network convergence and capacity supply surge will create opportunities for the ground segment – in reducing costs and providing seamless connectivity – to play a pivotal role in the industry’s transformation. We will continue to strengthen our ecosystem partnerships and focus on driving innovation to improve the speed, scale, cost and agility of service delivery to set new benchmarks in seamless connectivity and enhance value for our customers. As a ground segment leader, we are uniquely positioned to drive the industry forward through engineering innovations that bring ecosystems and technologies together to work as a unified network. To realise our vision of pioneering a fully digitised and virtualised ground infrastructure that will transform the economics, engagement models and technologies to rapidly expand global satcom accessibility, we will strengthen our product roadmap and capabilities in virtualisation, standardisation, orchestration as well as cloud and explore opportunities that will bring us closer to achieving our vision. Sharpen Smart City go-to-market strategies to accelerate global growth Strengthen technology leadership and build new capabilities in digitalisation and sustainability Develop next-generation software-defined, cloud and 5G-enabled satellite communications platforms KEY FOCUSES FOR 2023 CORPORATE OVERVIEW PERFORMANCE REVIEW SUSTAINABILITY FINANCIAL REPORT 43
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