Beyond engineering Media Contact us EN About us Projects Sustainability Markets & services Careers Investors Search Icon Business strategy Home INVESTORS CORPORATE OVERVIEW BUSINESS STRATEGY Add page to basket Share CONTACT US THREE-YEAR GLOBAL GROWTH PLAN AND NEW OPERATIONAL STRUCTURE On September 28, 2021, the Company released its three-year global strategic plan “Pivoting to Growth Strategy” outlining how and where the Company intends to drive profitable growth through 2024. The strategic plan is underpinned mainly by a focus on core geographic areas of operation – primarily Canada, the United States and the United Kingdom - and distinct end customer markets. The strategy leverages SNC-Lavalin’s unique end-to end global capabilities, and expects to be driven largely by four growth areas: Engineering Services in the United States Nuclear Decommissioning and Waste Management Major Projects with a focus on collaborative contract models Digital Transformation The Company also intends to allocate capital to further strengthen its financial resilience and to support growth. Future delivery of positive cash flows will be prioritized to further improve SNC-Lavalin’s leverage and target a return to an investment grade credit rating. The Company’s growth strategy may also be accelerated through organic and inorganic investments. Opportunistically and depending on the Company’s cash resources, surplus capital may be returned to shareholders through share buybacks or dividend growth. To support the next phase of its transformation journey to growth, the Company has undertaken an operational realignment of the business, to be effective January 1, 2022. The new global market-facing structure will best serve the evolving needs of its clients, as well as support win-work efforts across its three core geographical markets, and will result in the following segments: Engineering Services business, bringing together EDPM, Mining and Metallurgy (currently within Resources), as well as Infrastructure Services (excluding Operations & Maintenance (“O&M”) and Linxon); Linxon, a majority-owned subsidiary which is a global leader in delivering sustainable energy solutions and an essential component of our Power and Renewables market offering; Nuclear; O&M; Infrastructure LSTK Projects, for the final run-off of the remaining three major Lump Sum Turnkey (“LSTK”) projects – REM, Eglinton and Trillium; and Capital. The Engineering Services, Nuclear, O&M and Linxon businesses will be separate operating and reportable segments and be grouped as the SNCL Services line of business, while Infrastructure LSTK Projects and Capital will continue to be separate operating and reportable segments. The Company’s financial reporting will be changed, starting in the first quarter of 2022, with comparative figures restated to reflect these new operating and reportable segments and lines of businesses. September 28, 2021 Press release, 2021 Virtual Investor Day. Share price Linkedin Facebook Twitter Instagram Subscribe to SNC-Lavalin news Reporting line Statutory & regulatory disclosures Modern slavery & trafficking statement Suppliers Legal notice Privacy notice Accessibility policy Social media policy Site map Cookies settings 2020 Annual report 2020 Sustainability report Download basket The PDF creator functionality allows you to add selected web pages to a list that can be downloaded, printed or emailed. Add page to basket View download basket 0 Copyright Ⓒ SNC-Lavalin Group 2021 | All rights reserved Privacy settings By clicking “Accept all cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Privacy notice Cookies settings Accept all cookies