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Operational excellence<br />

Continually improving base business, offsetting inflation<br />

Nominal overhead costs flat corporation wide since 2000<br />

Indexed cost above field<br />

%<br />

200<br />

150<br />

Efficiencies<br />

captured<br />

• Long term consistent focus on<br />

operating expense at the business and<br />

corporate level<br />

• Improved staff productivity by 25%<br />

100<br />

50<br />

• Hundreds of continuous improvement<br />

projects in all areas of the business<br />

actual<br />

actual<br />

0<br />

2000 2010

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