Annual report 20108.31 MB - Boskalis

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Boskalis at a glanceStrategic frameworkThere are four cornerstones to the new plan:Focus, Optimize, Reinforce and Expand.FocusTo be the leading services provider ofcreative, innovative and complete solutionsfor infrastructural challenges in the maritime,coastal and delta areas of the world.OptimizeReinforceExpandFocus• On market segments• On geographic regions• On Value-Adding AssetsThe Focus principle relates to three aspects.In addition to the focus on our three marketsegments, we will especially target our activitieson certain geographic regions. The choicefor these regions is based on our marketanalysis which shows where the main Oil & Gasdevelopments are likely to take place in thecoming period and where the opportunities lie forour combined activities.N/W EuropeS/E AsiaMiddleEast= € 500mBrazilS/W AfricaAustraliaOil & GasPortsLand Reclamation & Coastal Protection16 Annual Review 2010
StrategyIn the next few years we will concentrate ouractivities on six geographic regions, withouthowever losing sight of other areas:1. North-West Europe2. South and West Africa3. Brazil4. Middle East5. Southeast Asia6. AustraliaFinally, we will focus on Value-Adding Assetsthrough a combination of activities and equipmentwhich enables us both to operate cost-effectivelyat the lower end of the market and to be successfulin the complex turnkey/multidisciplinary integratedprojects at the top end of the market.Optimize• Cost leadership• Further integration of activities• Invest in developing competenciesWith the new composition of the group and thefocus areas we have defined we plan to optimizethe cohesion between the various activities. On thecost side we will do this by making better use ofthe potential of our organizations and by investingin developing the competencies which strengthenour position as a high-end contractor.1. Cost leadership - We want to strengthen ourcost leadership by taking maximum advantageof the group’s economies of scale, for exampleby leveraging our purchasing power withsuppliers. We want to reduce costs throughbenchmarking and exchanging best practices.Moreover, we will set priorities within thebusiness, prioritizing activities and assetswith value-added contracting potential andfocusing on the six geographic regions.2. Integration & centralization of resources –We are working on enhancing theorganization’s efficiency by further integratingvarious support activities and physicallyhousing them under the same roof. Theprincipal internal synergy opportunities liein central management of the equipment(fleet management), purchasing, crewing andtraining. Furthermore, by acting in concert inthe market we will be able to take advantageof new commercial opportunities that arise,with both new and existing clients.3. Invest in developing competencies - In orderto provide our joint activities in the highersegment we plan to combine and reinforcethe necessary competencies - primarilyengineering, costing, work preparation, riskmanagement, project management andinnovation. In the past few years Boskalis hasstrongly developed these competencies withregard to large, complex dredging projects. Wewant to further develop this knowledge andexpertise and use it to scale up the group’sother activities towards turnkey projects. Forexample, we see opportunities in the marketfor providing complex oil and gas dredgingwork combined with SMIT activities.Reinforce:• Invest in the dredging fleet• Invest in other equipment• Combine terminal servicesWe are going to reinforce our existing activities.Royal Boskalis Westminster nv17
Page 1 and 2: AnnualRePORT2010
Page 3 and 4: Key figuresRevenue segmentationReve
Page 5 and 6: Summary financial information 2010A
Page 8 and 9: Summary financial information 2010C
Page 10 and 11: Chairman’s statementA major initi
Page 12: 8Maasvlakte 2 project, the Netherla
Page 15 and 16: Boskalis at a glanceCompany profile
Page 17 and 18: Boskalis at a glanceActivitiesDredg
Page 19: StrategyContainer throughput* (mill
Page 24 and 25: Summary financial information 20102
Page 26 and 27: Boskalis at a glanceShareholder inf
Page 28: 24Cutter suction dredgersCutter suc
Page 31 and 32: Report of the Supervisory Boardinve
Page 33 and 34: Report of the Supervisory Boardexte
Page 35 and 36: Summary Report of financial the Sup
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Page 42 and 43: Report of the Board of ManagementHi
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Page 46 and 47: Report of the Board of ManagementRe
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Financial statements 2010(in € 1,
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Other informationTen-year overview
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Other informationDisclosures requir
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Other informationGlossaryAcquired o
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ColophonCompiled and coordinated by
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Annual report 20108.31 MB - Boskalis

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