Why
Creating sustainable infrastructure and safe transport through innovation
Where?
Macro drivers
- Increasing population
- Urbanisation
- Climate change
- Increasing health and
safety regulations
Market drivers
- Sustainable materials
- Decarbonisation
- Infrastructure safety
- Enabling technology
- Vision Zero
Applications
and niches
- Systematic process
- Faster growing niche
opportunities - Critical applications
How?
organic growth
- Autonomous operating model
- Agility/proximity to market
- Premium on talent
- Innovation
Portfolio management
- Disciplined M&A
- Fit with purpose and market drivers
- Strategic rationale
- Fast growing niche markets
- Credible organic growth plan
ESG
- Protecting the world
- Saving and enhancing lives
- Sustainable governance
Financial model
- Organic profit growth/strong cash conversion
- Conservative financial leverage
- Allocate capital to high growth/return opportunities (M&A and organic)
- 2.5x underlying earnings dividend policy
What?
Superior long-term stakeholder value