Boskalis Annual Report 2018

report of the board of management ANNUAL REPORT 2018 – BOSKALIS 48 Training and Development Traineeship – Our trainee program is geared towards attracting graduates and professionals with a technical or fnance background and up to two years’ work experience. A group of 46 trainees embarked on the program this year. Over a period of 18 months, trainees rotate between three different assignments. They gain frst-hand experience of our projects and the vibrant environment in which we operate. Knowledge-sharing and skills development are key to everything they undertake. Personal skills development – This year, we further strengthened our learning culture, investing more in learning and development tools which are available to employees through our online portal. This includes the successful blended learning programs on Effective Communication and Influencing launched in 2017, repeated in 2018 and planned already for 2019. Young professional programs – We encourage our young professionals to develop the skills and knowledge in line with their career needs. These programs combine learning with working and provide young professionals with invaluable insights into the diversity of our projects, as well as preparing them for their next career step. Programs include our Cost Engineering Program and Finance Development Program. Boskalis Leadership Development Program (BLDP) – We invest in developing leaders and helping equip them with the skills needed to be successful in their role. Developing personal leadership, building an internal network and encouraging innovation and Excited candidates during the Boskalis trainee selection day

entrepreneurship are important core values of the BLDP that kicked off in 2018.

Boskalis Operational Development Program (BODP) – The one-year BODP that was launched in 2017, gives present and future project managers the opportunity to develop and grow in line with the changing market and complexity of our projects. The frst participants completed the program this year, focusing on improving hard and soft leadership skills, safety, professional development and stimulating company-wide knowledge sharing. For further information on social and human resource matter and our policies, outcomes, risks, how these risks are managed and other non-performance indicators, we refer you to pages 36 to 54 of our CSR report. FLEET DEVELOPMENTS Boskalis makes targeted investments in new build and existing vessels to retain or expand our market position. At the same time, old or non-strategic vessels are taken out of service. In 2018, the following major developments took place: Dredging In 2017 the decision was taken to build a sister vessel of the mega cutter suction dredger Helios. Named Krios, the vessel has a total installed power of almost 24,000 kW, a total pumping capacity of 15,600 kW and a maximum cutter power of 7,000 kW. This dredger is expected to be taken into service in the course of 2020.