Our Strategy

In May 2015 we set out a plan to transform the business.
As this plan has unfolded, we have simplified and rationalised
our goals into four strategic priorities.
  

Our strategic priorities

We have set out a road map to transform the business. As this plan has unfolded, we have simplified and rationalised our goals into four strategic priorities which will enable us to optimise and flex our core services while investing in higher growth areas.

Optimise and Flex

Improve efficiency and drive flexibility in the business lines that face unpredictable markets such as Banknote Print, or slow growth prospects such as Banknote Paper.

Invest and Build

Invest in the business lines that are exposed to high growth markets, specifically Polymer, Security Features, Identity Solutions and Product Authentication.

1. Deliver operational excellence

Our strategic priorities

  • Divest non core business
  • Limit exposure to volatile paper market
  • Reduce banknote print volatility
  • Drive efficiency

2020 goals

  • Standardised footprint with flexibility to deal with demand surges
  • Improved return on capital employed (ROCE)
  • Better quality of earnings

2. Invest for growth

Our strategic priorities

  • Invest in skills and new capabilities
  • Invest in new technologies and service solutions
  • Accelerate growth through partnerships and acquisitions

2020 goals:

  • Mid-single digit revenue growth 2015-2020 CAGR
  • More diversified revenue streams
  • Double R&D investment by 2020

3. Strengthen our financial position

Our strategic priorities

  • Manage working capital more efficiently
  • Maintain prudent capital investment
  • Manage pension deficit effectively

2020 goals:

  • Improved cash flow
  • Reduced pension deficit

4. Drive culture change

Our strategic priorities

  • Improve performance management
  • Training and development

2020 goals

  • Dynamic, high performing culture
  • Diverse skilled workforce with high ethical standards