Broad brush
About Wattyl
Three interrelated elements drive the vision:
Moving Forward
Last year we launched our Vision and Values model called “Moving Forward”.
The model
summarises our Vision and describes how we are going to achieve it – through
our Strategic
Priorities, our Goals and most importantly, our Values. Moving Forward is about
making a vision
a reality, meeting our critical business needs and delivering value to our
shareholders.
Our Vision
We will be the leading paint manufacturer and supplier in Australia and New Zealand.
Our Strategic
Priorities
Our critical business needs
•
One Business
–
One Team acting in the best
interests of the Wattyl Group
•
Operational Excellence
–
we excel at everything
we do and strive for the
best customer and business
outcome
•
Market Leadership
–
we will become the number
one paint manufacturer and
supplier
Our Goals
What we aspire to
•
Funding Our Future
–
profitable growth, strong
EBIT performance
–
delivering on our
commitments to
shareholders
–
ensuring our prosperity and
long term existence
•
Professional Image
–
we take pride in
everything we do
•
Superior Customer Service
– we will always exceed our
customers expectations
Our Values
The way we do business isas important as the result
•
Safety
–
of our employees,
customers and suppliers
•
Integrity
–
we hold ourselves
and others accountable for
ethical business conduct
•
Teamwork
–
we actively share
information and knowledge
and build relationships
across the organisation and
at all levels
•
Innovation
–
we encourage and apply
new ideas and innovative
approaches
–
we encourage opportunities
where possible to reduce
our impact on the
environment
•
Recognition
–
we reward good
performance and
celebrate our successes
Wattyl is a paint and surface coatings company with
manufacturing, sales and distribution operations in
Australia and New Zealand. We produce a broad range
of paints, lacquers, varnishes and special purpose and
protective coatings. Our products are used by home
occupiers, contract painters and industrial customers.
Key Business Drivers
To achieve our Goals and Vision, we developed a framework which will align
key activities across our business and identify what the Business Drivers are
that will “Create Value and Deliver Above Average Shareholder Returns.”
1
1
Build on a sustainable
business platform
•
Continue with an unwavering focus on returns
that exceed our weighted average cost of capital by:
–
Effective revenue management
–
A disciplined cost focus
2
2
Grow our business
•
Support our key brands to improve and
strengthen brand recognition
•
Focus on our strong channels providing
a customer focus delivery model
–
Company owned stores
–
Independent trade customers
–
Retail and reseller network
3
3
Manage the balance sheet
•
Focus on working capital and
improved supply planning system
•
Disciplined approach to capital allocation
4
4
New Opportunities
•
Capitalise on new opportunities
•
Drive the business through organic growth and acquisitions
Mark Graham
National Independent
Trade Centre Manager
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