Procurri : Annual Reports 202213 April 2023

Annual Report 2022

Providing Greener, Cheaper and more flexible IT solutions

Contents

01-03

Overview

1. Our Values
2. Who We Are

04-14

Strategic Report

04 Message from the Chairman

1. Message from the Global Head of Operations

1. 5-YearFinancial Highlights

1. Financial Review

1. Operations Review

15-78

Corporate Governance

1. Group Structure
2. Board of Directors

1. Leadership Team

1. Our Growth Journey
2. Sustainability Report

1. Our Offices
2. Governance Report

79-149

Financial Report & Other Information

79 Directors' Statement

1. Independent Auditor's Report

1. Financial Report

1. Statistics of Shareholdings

1. Notice of Annual General Meeting Proxy Form

Procurri.com

Our Values

Procurri is a leading global provider of sustainable IT solutions. Our mission is to help enterprises increase the sustainability of their IT hardware operations by reducing cost, lengthening uptime, and reducing environmental footprint. With our three offerings, Third Party Maintenance ("TPM"), IT asset disposition ("ITAD"), and cost-effective enterprise hardware, we help the channel community bring the Cloud closer.

Excellence

When it comes to customer service and partnership formation, there is only one global standard that we strive for

• Excellence. Our pursuit of excellence showcases our conscious effort to go above and beyond for our customers, offering true value to them. This is how we enshrine ourselves with their trust and loyalty and have established a solid reputation in the industry.

Innovation

A key driver of Procurri's success and growth is our ability to continuously innovate the customer experience based on clients' needs across a breadth of industries. Procurri constantly seeks new and improved ways to better serve the needs of our customers and partners. Creativity and a dare-to-experiment attitude are traits we value and nurture.

> Vision

Create the most value for businesses through our sustainable Integrated IT Lifecycle Service Solutions.

> Mission

Run IT infrastructure greener, cheaper, and more flexibly with Procurri's Integrated Lifecycle Service Solutions.

> Purpose

Sustain and extend the life of IT assets.

Commitment Integrity

As industry experts, we take pride in being accountable for everything that we do at Procurri. We commit to deliver the best results in every aspect of our service, be it packing a server or managing a complex project. Our dedication is illustrated through our consistent high quality

of service delivery which resonates throughout our organization globally.

Honesty and transparency are central to everything we do. We hold ourselves to the highest ethical standards to form long-term, sustainable relationships built on trust with our clients, partners and vendors. We believe that integrity and ethics are key in shaping a stellar reputation in the long term.

Procurri Corporation Limited | Annual Report 2022

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Procurri.com

Who We Are

Procurri Corporation Limited ("Procurri", and together with its subsidiaries, the "Group" ) is a leading global independent provider of sustainable IT solutions. Procurri has been listed on the Main Board of Singapore Exchange Securities Trading Limited since 20 July 2016.

250.0	65.2	5.5
Revenue (s$m)	Gross Profit (s$m)	EBITDA (s$m)

(0.2)	129.5	52.1
Net Profit After Tax (s$m)	Total Assets (s$m)	Shareholders Equity (s$m)

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Procurri.com

Established global sourcing, distribution & logistics network

7	100+	480+
Offices	Countries Under Coverage	Employees

			15	5	7
		3	8	4
2					16	6
14	1
				9

17

12	10
	11
	13

Americas	EMEA	APAC	Circular Hub
1	Atlanta (US)	4	Baiersdorf (DE)	9	Beijing (CN)	14	Dallas (US)
2	Laguna Beach (US)	5	Cirencester (UK)	10	Hong Kong (HK)	15	Galway (IE)
3	Toronto (CA)	6	Kosovo (RKS)	11	Kuala Lumpur (MY)	16	Valencia (ESP)
		7	Warrington (UK)	12	New Delhi (IN)	17	Tokyo (JP)
		8	Wokingham (UK)	13	Singapore (SG)

Global HQ

Procurri Corporation Limited | Annual Report 2022

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