The Group’s strategy is to grow organically through leveraging its existing skill, technology and asset base in areas of specialist expertise and through investment in people, working capital and equipment.
This is supported by selective acquisitions that expand the product or service offering or extend geographical coverage to strengthen our value proposition. James Fisher has a number of entrepreneurially-led businesses which are market leaders in their specific operational niche that are supported and encouraged to pursue new opportunities that contribute to our operational excellence objectives. Our businesses operate in harsh and challenging environments where our specialist expertise in solving complex problems in response to customer needs is highly valued and rewarded. We pursue opportunities in market segments and geographies that are less mature and fast growing where our track record in delivering safe and trusted solutions provides assurance to our customers. Our niche capabilities create further possibilities to pursue adjacent market sectors and exploit integration opportunities to increase the value we create.
Our focus on operational excellence requires that our businesses:
- are cash-generative;
- have operating margins in excess of 10%; and
- provide returns on capital employed in excess of 15%.
Bolt-on acquisitions both broaden and strengthen the range of products and services that we provide. Our acquisition strategy is focused on niche businesses with a strong entrepreneurial culture which fi t well with our purpose, valued behaviours, and strategic agenda. As a cash generative Group with a strong balance sheet, businesses are usually acquired using existing cash or borrowing resources. The businesses acquired have a strong track record and typically benefi t from the additional resources and support the Group provides to achieve their next growth phase. Where an acquisition bolts on to existing businesses, we seek to optimise shared back offi ce functions, and opportunities for procurement effi ciency and cross-selling within the Group.
|Shareholders: to grow the return to shareholders||Communities: to be a good citizen and active member of the community||Employees: to make James fisher and exceptional place to work||Customers and suppliers: to establish and deliver on shared goals||Environment: to uphold responsible business practices|
|Deliver long-term growth in underlying earnings per share, dividends and return on capital employed||Consider sustainability in our decision-making process||Ensure the safety and wellbeing of all employees||Develop our products, service and geographical offering to meet current and anticipated needs of our customers||Conduct our operations in a responsible way, identifying opportunities to improve|
|Grow organically by leveraging existing specialist skill base to a global market||Encourage our employees to make a difference||Encourage and support innovation and accountability||Exceed our customers' and suppliers' expectations in terms of trust and safety||Support our customers in achieving their environmental targets|
|Create additional value through expansion of our service offering and capabilities through bolt-on acquisitions||Create local employment and sourcing opportunities within our communities||Develop individual and organisational excellence||Choose select suppliers that share our values and commitment to excellence||Select suppliers who share our commitment to making positive environmental contributions|