Continue to provide professional and managed services for customers to thrive in a multi and hybrid cloud environment and develop progressive solutions alongside emerging new technologies Capture opportunities in applications of augmented reality, artificial intelligence, robots/drones, IoT and realtime data analysis in the operational concepts of future warfare Invest and strengthen our defence capabilities to better support our customers KEY FOCUSES FOR 2023 The Cybersecurity segment continues to see strong momentum as businesses, large and small, invest in IT security software and cyber defences to protect themselves from breaches and cyberattacks. We are focused on strengthening our capabilities and differentiating ourselves as a trusted provider of end-to-end IT and OT cybersecurity solutions for critical infrastructure and high security enterprises. We also keep abreast of new developments and are conducting Deep Cybersecurity Research, including red teaming and vulnerability research through InnoEdge Labs, that we set up. The outlook for our international defence business remains positive for the next few years. Countries have increased their defence budgets, mostly for military transformation and vehicle upgrades. With the increasing digitalisation of traditional military equipment, we see opportunities in applications of augmented reality, artificial intelligence, robots/drones, IoT and real-time data analysis in the operational concepts of future warfare. We continue to improve and enhance our current suite of defence solutions with these new technologies to support the demands of the modern battlefield for superior situational awareness and quicker decision making. An example is the new hybrid Terrex, displayed at the Singapore Airshow 2022 as the centrepiece of the Group’s manned-unmanned teaming (MUM-T) concept. Its Vehicle Operation Cockpit gives a 360° see-through view for complete situational awareness and Automatic Target Detection and Tracking capabilities for enhanced fighting operations. The vehicle also serves as a central Crew Control Station and launchpad for UAV/UGV MUM-T operations. Its Drive-By-Wire design provides for the possibility of future capability expansion, including unmanned autonomous operations. We will also work with partners who are looking to localise production, as part of countries’ efforts to overcome the supply chain challenges that they have experienced in the past few years. Our Marine business continues to sharpen its design and shipbuilding competencies. Our range of multimission vessels serves a wide range of missions, including maritime security, search and rescue operations as well as Humanitarian and Disaster Relief. Leveraging our strong track record in ship repair, we are also looking to expand our footprint internationally in the repair and overhaul of naval vessels and pursue opportunities to provide design, materials and project management through intellectual property and technology transfer. We continue to enhance our service offerings to our ship repair customers, which include retrofitting of ships for green fuel and conversion of vessels to support the growing segments such as the offshore wind segment. Responding to the growing demand for end-to-end maintenance and logistics support, we are offering our comprehensive maintenance and a proprietary fleet logistics information system which uses data analytics and machine learning to ensure the operational readiness of our customers’ vessels and enhance the lifetime of their fleet. Keeping pace with new technologies as well as growing environmental concerns, we continue to work on innovative concepts including autonomous vessels and developments in renewables and decarbonisation solutions. Our Singapore Marine business continues to be strategic and core. CORPORATE OVERVIEW PERFORMANCE REVIEW SUSTAINABILITY FINANCIAL REPORT 51
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