Strategy

Sustainable growth

Our objective is to build a growing, sustainable and cash generative business which consistently provides returns on capital employed significantly ahead of its cost of capital. We will achieve this by focusing on five strategic priorities as set out below. Successful delivery of this objective will result in:

  • the creation of shareholder value through growth in share price and dividends;
  • enhanced levels of customer service;
  • strengthening of the relationship with our suppliers;
  • increased employment and development opportunities for all our employees; and
  • a positive impact on the wider communities in which we operate.

Strategic priorities

Market leading positions

DCC aims to be the number one or two operator in each of its chosen markets. This is achieved through a consistent focus on increasing market shares organically and via value enhancing acquisitions. We have a long and successful track record of acquisitions which have strengthened our market positions and generated attractive returns on capital invested.

Operational efficiency

DCC strives to be the most efficient business in each of the sectors in which it operates. We continuously benchmark our businesses against those specific KPIs we judge are important indicators in our drive for superior returns on capital in the short, medium and longer term.

Extend our geographic footprint

In recent years we have been expanding certain of the Group’s businesses into Continental European markets we believe provide good opportunity for future growth. We will look to further develop our businesses in these markets and to enter new geographic markets on a selective basis in the coming years.

Financial discipline

In pursuing our strategic objectives, we will only do so in the context of maintaining relatively low levels of financial risk in the Group. We believe that this not only provides the greatest likelihood of generating value for shareholders in the long term but also leaves the Group best placed to react quickly to commercial opportunities as they arise.

Development of entrepreneurial teams

Our continued success is largely due to our people and we remain focused on attracting, motivating and empowering our leadership teams across the Group. The devolved nature of our management structure requires leaders of the highest calibre, skill and experience. We believe that providing appropriate short and long-term incentives to these leaders, based on the performance of the businesses which they manage, is the best motivator for sustained performance and good returns for shareholders.