Diversified
for sustainable
growth

THE GROUP’S PURPOSE CONNECTS OUR CAPABILITIES TO THE INVESTMENT OUR CLIENTS MAKE IN PROJECT INFRASTRUCTURE THAT SUPPORTS THE LONG-TERM DEVELOPMENT OF COUNTRIES, INDUSTRIES AND COMMUNITIES, WHICH IS THE SHARED OUTCOME OF OUR BUSINESS MODEL.

Our Values guide us individually and collectively in everything we do, in every country we work, and our philosophy of Engineered Excellence informs our management approach at every level of the organisation. This underpins the Group’s competitiveness and reputation as a wellgoverned, values-driven and ethical multinational organisation, which is how we define the leadership aspiration in our Vision.

Group chief executive’s and financial director’s report

Business model resilience

Positive long-term demand drivers including global population growth, rapid urbanisation and economic growth inform the Group’s core focus on selected global natural resources market sectors. Although the Group is exposed to the cyclicality of commodity demand, its business model is designed to diversify its growth potential through the cycle. The combination of portfolio, geographic and capability diversification provides a blend of revenue and earnings in our core market sectors. Diversification into complementary markets mitigates the impact on the Group of commodity downcycles.

• The Group’s geographic footprint is focused on establishing a permanent presence in high-growth regions for our clients. We also support clients on an ad hoc basis in other geographies where we do not have a permanent presence.
• The Group’s capabilities across the project life cycle enable us to provide a seamless and competitive service offering, while diversifying our revenue and margin mix.
• The Group identifies high-growth complementary markets based on the regional capabilities and competitive advantages of the platforms.

Business platform reviews