McConnell Dowell 2018 Annual Review

McConnell Dowell Annual Review 2018 9 Safety and Care Safety remains the Group’s highest priority and is integral to our culture and success. A focus on safety is an enduring journey as we continually identify and execute new safety processes and initiatives. In 2018, more than 20 million man-hours were worked by the Group. We posted a Total Recordable Injury Frequency Rate 0.54 (2017: 0.66), an 18% reduction from the previous year and the lowest in our recent history. These positive results are attributed to the strong safety culture of our team, working closely with our subcontractors, inclusive training and education and the ongoing development of all our current safety initiatives; 1. Group’s Home Without Harm philosophy continues to underpin our activities. Our commitment to delivering all projects safely is fundamental to the way in which we operate and conduct our operations 2. Safety Golden Rules and HSEQ Pillars, these initiatives, continue to drive the right behaviour and challenge our teams to aim higher in relation to our lead safety indicators and to proactively address safety concerns; 3. Health Safety Environment and Quality (HSEQ) management systems and performance tools, we are driving a systematic approach for achieving our HSEQ objectives while complying with our statutory duties; and 4. CMO, our HSEQ platform, continues to provide useful data trends and provides greater connectivity across all business activities. People & Leadership Our people are what makes the Group a success and what keeps us improving our position every year. We continue to make significant efforts to attract, develop, engage and retain the best professionals. Strong leadership across the group at our Executive level reaffirms our commitment to ensuring a common culture and a set of collective goals. McConnell Dowell’s leaders have a vision to improve not only the Company’s position but that of our staff. In 2018, Vito Trantino was appointed as Executive General Manager for the newly established Engineering Technology & Innovation group function. This function provides the engineering capability and our differentiating expertise to a tender across the Group to support winning new work or projects in execution when and where it is needed. In addition, we continued to enhance and strengthen our senior leadership teams across all Business Units to ensure the right leaders are in the right roles and underpin our ability to deliver our near term business objectives and longer term strategic plan. Looking Ahead The coming 12 months will be exciting for the McConnell Dowell Group. We are well poised to realise further growth and maintain appropriate levels of profitability. Our core business objectives for FY19 are to: • Convert all current preferred and sole source opportunities to work in hand; • Win further new work and build the order book; • Drive and deliver planned results around revenue and profitability; • Maintain the strength of the Balance Sheet; • Continue to fully leverage the Group’s specialist capabilities and expertise across all operating regions; and • Further build organisational depth and capability. The Group remains well positioned in growing markets in both core market sectors and with emerging opportunities. We have established a strong foundation for future growth and continue to drive focus on safety, people and operational excellence. Scott Cummins CEO