Our strategy

Our vision is to be The Trusted Partner of all our stakeholders:

  • bringing together all of our capabilities to create innovative solutions that support long-term relationships with our customers;
  • offering rewarding careers for our staff; and
  • underpinning sustained value creation for shareholders.

We have a proven strategy that has led to a doubling of earnings over the past five years, despite the challenging economic backdrop of the past two years. We believe that a continuation of this strategy, coupled with attractive demand drivers in our markets and the financial strength to supplement organic growth with acquisitions, gives us the capability to deliver another doubling of earnings per share in the coming five years.

    Strategies
           Build strong core businesses based
           on long-term, value-added client
           relationships		      Expand internationally
      Capture emerging opportunities for
     increasingly integrated solutions
      Drivers
        Attractive UK demand environment
        despite short-term pressures:

       ? Structural growth in outsourcing
       ? Rising population, increasing
          pressure on ageing infrastructure
       ? Drive for public sector
          efficiencies		    High-growth international markets:

   ? Extend our full range of services
      across existing markets
   ? Enter new growth markets with
      attractive economic fundamentals    ? Operate in a range of markets to
      diversify and reduce risk		    Organic growth supplemented by
   selective, accretive acquisitions
      Outcomes
       Substantial future workload:

        ? Strong revenue visibility
           afforded by a future workload
           in excess of £5bn		    Strong earnings growth:

   ? Organic revenue growth above 5%
      per annum over medium term
   ? Margin trends over medium term:
        Outsourcing c. 5%
        UK construction c. 2%
        International construction c. 7%
        Equipment services c. 15%		    Strong cash conversion, supporting:

   ? Selective, accretive acquisitions
   ? Progressive dividend policy
   ? Elimination of pension deficit
      An international support services and construction group capable of doubling earnings over five years