VISION 2020 VISION – EXCELLENCE IN DELIVERY OVER 5 YEARS
In 2015, the Board of directors led by the CEO set its Vision 2020 Vision with clear deliverables and delegated the action plans to the Group’s executive management team for implementation.
One of the key strategic objectives was to create sustainable value for all its stakeholders and to integrate long-term sustainable development into its strategy, governance, management and reporting, with the added objective of improving the impact on the environment. The financial strategy was to grow organically and through acquisitions and to leverage the existing portfolio by maximising the net asset base and improving sustainable profits and cash generation, thereby growing income sustainably while managing its costs.
The strategic approach to growth was to regularly assess whether the risk process was effective in regularly identifying and evaluating the portfolio and to determine whether the business operations have managed the risks in line with the Group’s strategy while considering mitigation action and the overall sustainability of the business.
AEEI’s philosophy, business model and investment approach resulted in it acquiring control of the majority of its operational investments as well as holding a significant minority stake in its strategic investments. This enabled the Company to add value through its extensive expertise and networks, while promoting a cascading entrepreneurial culture from management down to all our employees. Through our assets and investments, we drove the businesses to become efficient on a sustainable basis, which generated revenue, cash flow and dividends to support the Group as a whole.
The following high-level KPIs were set in 2015 in terms of Vision 2020 Vision:
- Double revenue
- Increase operating profit substantially
- Increase NAV significantly
- Substantially increase or double total assets
- Regularly pay dividends to shareholders
- Create medium- to long-term shareholder value
- Develop positive director and stakeholder involvement in the strategy
- Build the AEEI brand
- Create employment and opportunities for employee growth
- Create a Group that leads in both profits and sustainable business practices
AEEI is pleased to announce that it has reached all of its objectives set out in our Vision 2020 Vision strategy which was successfully achieved in the 2019 financial year – Vision 2020 Vision goals year on year from 2015:
- Double revenue growth over a 5-year period or at least by 20% per annum
- Increase net cash flows from operating activities over a 5-year period or at least by 10% per annum
- Double Net Asset Value over a 5-year period or at least by 10% per annum
- Increase Normalised Earnings Before Tax over a 5-year period or at least by 20% per annum
Summary
Vision 2020 Vision was achieved by 2019 as per the table below:
