Boskalis Annual Report 2018

boskalis at a glance ANNUAL REPORT 2018 – BOSKALIS 10

STRATEGY Boskalis operates around the world and is a leading player in the fields of dredging, offshore energy and maritime services. The company is a leader in its market segments thanks to its ability to deliver innovative all-round solutions combined with a broad portfolio of specialist activities. Its versatile maritime assets with value-adding potential are the cornerstone of the Boskalis business model. Systematic execution of the strategy, which is reviewed regularly in light of relevant market developments, is a key factor in Boskalis’ success.

FOCUS

Market & Activity Focus Value-Adding Assets

OPTIMIZE Effectiveness Efficiency

BOSKALIS 2017 - 2019

EXPAND

Dredging & Inland Infra Towage & Salvage Offshore Energy

In the development of our strategy, which is driven by long-term trends, we focus on the creation of long-term value for our stakeholders. Figure 7: Strategic framework for 2017-2019

Our strategy is elaborated on in our three-year business plan. The current 2017-2019 Corporate Business Plan was formulated early 2017 and is based on three strategic pillars: Focus, Optimize and Expand. We have just embarked on the last year of the business plan period and looking back at 2018 we made good progress in the realization of our strategic objectives.

MARKET DEVELOPMENTS

BUSINESS DRIVERS The Corporate Business Plan is formulated with a clear eye on the long-term megatrends that underpin the Boskalis business model. These business drivers are structural growth and rising prosperity of the global population, which in turn drives growth in global trade and demand for raw materials and energy. Global warming also continues to create business opportunities for Boskalis, with a growing need for flood protection measures and land reclamation and our contribution to the energy transition through LNG projects and facilitating the development of renewable energy.

Dredging & Inland Infra

Offshore Energy

Towage & Salvage

Climate change

Growing energy consumption

Growing world trade

Population growth

Figure 1: Boskalis business drivers and related activities

Figure 2: Boskalis business drivers and related activities