Investment proposition

Value accretive earning-led business model

• Aligned to the UK Government’s investment priorities and critical to the economic recovery of the UK
• Integrator with design, project management, engineering, logistics, supply chain management and ongoing maintenance capabilities

Attractive market positions

• Addressable market estimated at £60bn
• Attractive market-leading positions in growing markets
• Focused on UK markets in infrastructure services and construction
• Delivery capability at both national and regional levels in the UK

Strong order book underpinned by frameworks

• Established position in core markets underpinned by long-term contracts and framework agreements providing strong barrier to entry
• Order book of £10.1bn underpinned by places on agreements with an advertised value of up to £137bn (OJEU values) across all of our core markets
• Contracts across a number of sectors including health, education, justice and defence

Management team with expertise and track record of delivery

• Proven track record of operational and financial delivery
• Successfully executed an ambitious self-help programme and right sized the business
• Performance Excellence embedded in organisation to manage risk
• Financial discipline in quoting new contracts and capital allocation
• Continuing focus on business improvement efficiencies and managing costs

Objective 1

Leverage our attractive market share positions in growing markets

Why is this vital?

Supports the UK Government and asset managers deliver much needed infrastructure services including schools, hospitals, prisons, roads, rail and water treatment works

Objective 2

Maintain and enhance long-term customer relationships

Why is this vital?

Delivers long-term capital and maintenance of assets for our customers including supporting them to achieve their environment and social commitments.

• Maintain and enhance the Group’s relationship with the UK Government and regulated and blue-chip client base
• Operating under long-term frameworks, which require strong client relationships and sector expertise

Objective 3

Resilient and well-balanced portfolio

Why is this vital?

• Balanced portfolio of projects and customers enables the Group to reduce risk and maximise opportunities
• Unlocks synergies from integrated businesses
• Enables a platform to attract and retain people talent
• Supports with supply chain relationships

Objective 4

Deliver disciplined growth, consistent profitability, and cash generation

Why is this vital?

Disciplined growth, consistent profitability and generation of cash leads to a sustainable business.