A BUSINESS NEWSLETTER FOR BLUESCOPE PEOPLE Issue 31 February/March/April 16
THE PEOPLE REPORT IS ABOUT US
HALF YEAR RESULT: A CREDIT TO ALL BLUESCOPE PEOPLE On 22 February BlueScope announced its financial results for the six months to 31 December 2015. The headlines – best half yearly underlying profit since 2H FY2010: • Safety - LTIFR of 0.6, down from 0.9 and equal to our record low. MTIFR of 5.0, up from 4.6. We have maintained an LTIFR performance of below 1.0 for over 10 years, and the MTIFR has been below 7.0 since 2009 • Reported net profit after tax (NPAT) $200.1 million - a $107.4 million increase from the corresponding period last year • Underlying NPAT of $119.0 million - 47 per cent higher than 1H FY2015, 125 per cent higher than 2H FY2015 • BlueScope Board approved payment of a fully franked interim dividend of 3.0 cents per share “Our financial performance shows we have continued our good momentum in earnings growth,” said Paul O’Malley, Managing Director & CEO. “It is a credit to all BlueScope people around the globe.
The People Report 2015, launched by Paul O’Malley, Managing Director & CEO, is for all BlueScope people, wherever you are across our global footprint. The theme of the People Report 2015 is ‘Us,’ demonstrating BlueScope people working together to achieve our goals. Through stories and case studies that feature BlueScope people in the workplace, the People Report acknowledges your valuable contribution to Company performance, and to building a sustainable future. It also highlights many of the opportunities available at BlueScope.
“This result is the outcome of a deliberate strategy that has been underway for over a year. Right across our business we are executing the strategy well. We continue to invest in and build our premium branded steel businesses, and their results rose strongly. And we have a reinvigorated focus on innovation to drive the next generation of products and solutions for our customers.
The People Report 2015 has been produced following a feedback survey of employees in all BlueScope businesses, which showed a favourable response to the inaugural 2014 edition.
“We have moved to full ownership of North Star BlueScope Steel, recognised as the best steelmaking business in the US. It has a clear pathway of incremental growth ahead of it.
The Report is available on the People Report intranet site where there are also links to extra case studies. If you would like to read a hard copy of the People Report, please ask your HR Manager.
“Equally, our focus on costs and lifting the performance of steelmaking operations in Australia and New Zealand is essential to ensure the ongoing viability of these operations. Our entire focus over the past six months has been to ensure we can deliver a cost structure where producing steel is better than closing operations and importing steel. I thank all of you who have contributed to delivering this outcome.”
On the intranet site you can also find copies of the People Report translated into six of the principal languages spoken across BlueScope’s global network. If you have any questions about the People Report, or would like to give feedback, please email employee.questions@bluescope.com.
WELCOME
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IN THIS ISSUE 02 What the market said
05 Zero Harm awards
03 What does diversity mean to you?
06 Lysaght up to the challenge
03 Leading the way in product sustainability
07 Our communities are our homes