OUR VISION IS TO BE RECOGNISED AS WORLD-CLASS LEADERS IN STRUCTURAL STEEL.

We will deliver this vision through the Group’s strategy which is supported by a focus on five key elements and assisted by our business improvement programme, ‘Smarter, Safer, more Sustainable’.

Group strategy

Growth

Clients

India

Operational
Excellence

People

Smarter, Safer, more Sustainable

Our business improvement programme represents the consolidation of all of the Group’s ongoing improvement projects, established to help us deliver the Group’s overall strategy. These include improvements in business processes, use of technology, operating efficiencies and new product development, all set within the framework of strong risk management and control.

Smarter

Improve how we deliver our projects with speed, efficiency and accuracy.

What we’ll do

Invest in activities to drive operational excellence, improved efficiency, and quality.

What this will mean for us

Further development of our expertise, quality and an improved offering to clients.

Safer

Continue our relentless focus on safety and always think ‘safety first’.

What we’ll do

Introduce new technology and equipment that enables safer ways of working.

What this will mean for us

Safeguard employees, clients and shareholders.

More Sustainable

Focus on working sustainably and reducing our environmental impact and carbon emissions.

What we’ll do

Invest in technology that reduces our energy consumption and emissions.

What this will mean for us

Care for our environment while building our external reputation.

 

Strategic pillarLink to KPIsLink to principal risk

Growth
Our aim is to capitalise on growth opportunities, both in the UK and in Europe, and to maximise our market share.

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Clients
By understanding, anticipating and responding to client needs we aim to build secure, sustainable and mutually valuable relationships and create lasting client satisfaction.

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India
The Indian business has significant value creation potential, especially give the recent expansion of the business and the political and social changes made in India over recent years.

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Operational excellence
Our emphasis is on delivering high-quality projects and reducing costs by driving excellence through our core business processes.

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People
Our people are at the heart of our business and are vital to the success of our vision and the achievement of our strategic goals.

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Key performance indicator reference number

1Underlying operating profit and margin
(before JVs and associates)

2Underlying basic earnings per share (‘EPS’)

3Revenue growth

4Operating cash conversion

5Return on capital employed (‘ROCE’)

6Order book

7Accident frequency rate (‘AFR’) / Injury frequency rate (‘IFR’)

Key to principal risks

1Health and safety

2Commercial and market environment

3COVID-19

4Information technology resilience

5Mispricing a contract (at tender)

6Failure to mitigate onerous contract terms

7Supply chain

8Indian joint venture

9People