About this report
Imperial employs around 52 000 people who generate revenues in excess of R100 billion in Africa, Europe, South America, Australia and the United States through five major divisions which operate under separate management structures to enable decentralised entrepreneurial creativity within the group’s clearlydefined strategic, capital, budgetary and governance principles.
Imperial strives for focused value creation and leadership in its chosen markets by allocating capital and resources to those organic and acquisitive growth opportunities that will enhance and be enhanced by the group’s existing assets and capabilities.
Some of Imperial’s strategic choices will be deliberate – the result of prior research and analysis, while others will be emergent – the result of unplanned or unexpected external developments. In both cases strictly defined capital allocation principles will be applied.
“This report features three major aspects of Imperial’s progress in 2014: record revenue and operating profit; increasing contribution from non-vehicle and foreign-based operations; greater clarity on the strategic, structural and leadership direction of the group.
The urgency of our focus on daily priorities is balanced always by a long term perspective. Ten or more years from now our decisions must be judged as sound by all who have been touched by Imperial. To this end, detail on our stakeholder universe, and our general response to the issues we believe to be of concern to them, is included in this report and in the separate 2014 Imperial Sustainable Development Report. During the coming year we intend to enhance our understanding of and response to stakeholders, based on the findings of formal research into their expectations and requirements.
The ultimate objective of our endeavour is clear – to be leaders in our selected areas of mobility in pursuit of sustainable value for all Imperial stakeholders.”
MARK J LAMBERTI
We are pleased to present Imperial’s Integrated Annual Report for the 12 months to 30 June 2014.