EME Region Booth Welsh Mission Vision & Values Strategy Update

Transcription

1 EME Region Booth Welsh Mission Vision & Values Strategy Update March 2018

2 Current Situation Click $15m $22m $30m Work in Hand Outstanding Tenders Emerging Work List. $ GP 20% Revenue $32M EBIT $3M A healthy order book and high success rate

3 Click AVAILABLE MARKET Life & Chemical Sciences Market Analysis Nuclear Oil & Gas Food & Drink Age $30m $10m $5m $4m INDUSTRY MARKET STATUS Gender Strong Changing Slow Steady Demographics COMMENTS Occupation UK Market - $120Bn (Scottish Market - $22Bn) Technical Spend c- $500m UK Market - $33.5Bn Existing - $7Bn Decom $5.5Bn New Build $21 (-124Bn) UK Market - $23.4Bn Capex - $7.5Bn Opex - $12.4Bn Decom - $3.5Bn UK Market - $169Bn Whisky Market - $9Bn Geographic UK & Singapore UK UK UK GEOGRAPHIC Social COMMENTS Status Psychographic RESOURCES COMMENTS Lifestyle Percentage BW of CURRENT Market VOLUME Remains largest revenue stream, Digitalisation & Innovation drive Excellent Digitalisation & Engineering capability Existing Nuclear slowed recently due Capex reductions, decom prep trending Up Decom developing Positioning is key Market has been pretty flat, early signs of recovery Decom market growing Focused BD area. Diageo, Grants, Chivas and Mcvities all contributing Positive outlook 23% 54% 10% 8%

4 Click Mission Vision & Values Team Alignment March 2018

5 Our Model Click

6 Our Values Click Our shared and inclusive vision for the future involves the entire workforce, empowering people do better every day. We practice open and collaborative working with colleagues, clients and other stakeholders, leveraging key talent inhouse be leaders in thinking and practice. We are visionary and ambitious, promoting creative and innovative ways of working and challenging behaviours every day.

7 Our 5 Year Vision Click Europe & Middle East 100m Revenue 15% EBIT By 2023 Employing 800 People Delivering Design & Build Projects & full EPC A Vision of the future

8 Our Mission Click Engineer Value for our clients through Engagement, Collaboration & Innovation N Add pictures W E S

9 Revenue Growth Click Revenue Growth $200,000 $180,000 $160,000 $140,000 $120,000 $100,000 $80,000 $60,000 $40,000 $20,000 $0 FY18 FY19 FY20 FY21 FY22 FY23 Acquisition $0 $0 $17,800 $35,600 $62,300 $95,369 Clough $0 $3,560 $8,900 $14,240 $21,360 $35,600 Organic $29,203 $32,123 $35,335 $38,869 $42,756 $47,031 Targeting $180m annual revenues by 2023 BW core business sustaining 10% CAGR in line with 5 year average Core secrs Life Sciences, Power Generation, Oil & Gas, Defence, Food & Bev, Utilities Expansion of EPC and EPC(M) capability Continued focus on high ed-value services Anticipating significant increase in Clough workshare approx. 2/3 rds of BW core business by 2023 EC&I projects and HVEC for Clough worldwide Multiple acquisitions of similar sized businesses: $35m revenue business by 2020 $50m revenue business by months planning, negotiation & diligence 12 month integration By 2023, acquisitions will account for ~50% of tal revenue Most likely UK and/or Europe Complementary skills and secrs Revenue growth - A Vision of the future

10 Click Strategy For Growth Team Alignment March 2018

11 Our Strategy Click BUSINESS PERFORMANCE Our Goal Engineer Value by Engagement, Collaboration & Innovation. Optimising processes by deploying technology & digitalisation create unique differentiars for project execution and life cycle support. INNOVATION & DIGITALISATION PROJECT EXCELLENCE PEOPLE & SKILLS Four key pillars underpin our corporate strategy

12 Our Strategic Pillars Click Our business must fully Align with the groups corporate strategy. Our success comes through strong financial performance from safe revenue growth, productivity improvement and robust ethics BUSINESS PERFORMANCE Revenue Growth Operational Efficiency Governance Compliance Build our capability by developing digitalisation and embracing innovation INNOVATION & DIGITALISATION Innovation Develop Digital Capability Collaboration Business Benefits and Value Managing and enhancing project excellence and organizational effectiveness.. PROJECT EXCELLENCE Optimised Project Performance Standard Project Execution Model Continuous Improvement Full EPC Capability High performing, engaged people are the building blocks of our organization. PEOPLE & SKILLS Staff Development & Training Staff Engagement Investment in Technology Growth Strategy

13 Get Involved In Delivering Our Strategy Click Revenue Growth Click Operational Efficiency Develop Governance Compliance Innovation Digital Collaboration Capability Business Benefits and Value BUSINESS PERFORMANCE Pick A Colour Join The Strategy Development Team INNOVATION & DIGITALISATION PROJECT EXCELLENCE PEOPLE & SKILLS Optimised Project Performance Standard Project Execution Model Continuous Improvement Full EPC Capability Staff Development & Training Staff Engagement Investment in Technology Growth Strategy

14 Click A New E, C, & I Digitalisation takes us in a new era of E, C & I Not Only Electrical, Control & Instrumentation But now Engagement, Collaboration & Innovation. Each component is a critical cog for the business in All are connected but are reliant on on each other. Engagement- With our employees in our vision, mission and values. Greater communication. Collaboration- Clients, academia, and industry partners. Innovation- The end aim. Realising our digitalisation evolution as a company. 4 of Senior Management Team Now Trained in Innovation Strategy Collaboration Growth Growth & & Development Development New investment in spaces such as our Innovation Room. Collaboration is already winning us work!

15 Industry 4.0 / Digitalisation Click Our offering is extensive and growing

16 Click Digitalisation & Growth "Industry 4.0 will not require replacing existing machinery and assets. Instead, with the implementation of augmented reality, businesses will experience a new phase of reduced downtime, optimized machinery, and increased productivity of employees by per cent. This revolution will have a butterfly effect of reducing the overall headcount while sustaining costs and enabling efficient industrial production." "Siemens was able reduce their training from one day 45 minutes". "Loup Ventures predicted that the industrial robotics market would reach $33.8bn by 2025, almost tripling in size since 2016" Digitalisation will help drive our growth

17 Click Current Digitalisation Projects Booth Welsh / AFRC / Strathclyde University Augmented Worker Project Working with academia develop a fully integrated remote diagnostic intelligent visor which will utilise data improve performance AMS Visualisation with EDF Nuclear / Doosan Collaboration with GSK on Digital Modularisation Chivas Whisky Cask control Collaboration with Xpert Rules Intelligent Data Miners Argenta Pharmaceutical big data Even internally with HSE Call for Ideas & Reporting Dashboards The future has started

18 Current Capability Click Our Engineering offering is growing organically, e.g. Mech & Piping and Process Engineering Blue collar is also showing significant upturn, Traditional services recovering following market pressures, Overhead is efficient, Investing in our future Our capability has grown match our business diversification

19 Click Our Future Strategy, Thought Leadership & Generation Z Booth Welsh 5 Year Strategy mapping our future now in place Investment continues in areas such as: Digitalisation / Industry 4.0 Innovation and Service Development Southern UK Office Development Staff engagement and development Comprehensive digital marketing drive, social media, brand awareness, event attendance Technical master classes presented at leading industry events Embracing generation Z A geek in each department = digital smarts New Business Development resource in place Positioning ourselves for Oil & Gas upturn Nuclear Decommissioning Nuclear New Build Entry Life Science investment

20 Summary Click Continuing grow organically Current workload is healthy, Industry 4.0 & Digitalisation will help fuel our organic growth Acquisition will strengthen our business Solid Mission and Vision Co-created with senior management team We want you help We are well equipped help deliver complete projects from the UK or for the wider Clough group Clear Vision grow the business Engaged and motivated team

21 Our Strategic Pillars Click Click Our business must fully Align with the groups corporate strategy. Our success comes through strong financial performance from safe revenue growth, productivity improvement and robust ethics BUSINESS PERFORMANCE Revenue Growth Operational Efficiency Governance Compliance Build our capability by developing digitalisation and embracing innovation INNOVATION & DIGITALISATION Innovation Develop Digital Capability Collaboration Business Benefits and Value Managing and enhancing project excellence and organizational effectiveness.. PROJECT EXCELLENCE Optimised Project Performance Standard Project Execution Model Continuous Improvement Full EPC Capability High performing, engaged people are the building blocks of our organisation. PEOPLE & SKILLS Staff Development & Training Staff Engagement Investment in Technology Growth Strategy Get in uch for general comments:

22 Click Please the pillar owners using resses if you would like join the team or have ideas share: Get in uch for general comments: