Following a comprehensive review of the Group and its divisions, markets and growth opportunities, we are aligned on three strategic priorities:
Growth
Purpose
Reduce earnings volatility and improve overall returns on capital, underpinning our financial goals.
Target
Align to the Government's 10-Year Infrastructure Strategy pipeline, including full project lifetime service, together with emerging public private partnership opportunities.
Next steps
Seize opportunities in growth sectors such as water, defence, energy and healthcare where Kier has proven capability and significant opportunity ahead.
Resilience
Purpose
Provide flexibility, resilience and greater alignment with the industry.
Target
Achieve average net cash of >£200m by FY29.
Maintain strong customer and contract mix, and disciplined commercial bidding.
Next steps
Reallocate capital invested in the Property business, over a circa three year period, in line with the Group's capital allocation framework.
Performance
Purpose
Drive performance for all stakeholders, demonstrating conviction in our sector strategy and the benefit of our differentiated business model.
Target
Mid-single-digit revenue growth
4.0%-4.5% adjusted operating margin
Double-digit adjusted EPS growth
Next steps
Deliver on our updated financial targets, growing the core business and using technology investment to drive enhanced returns with substantially reduced financing costs.
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