The 2014/15 Financial Year has been challenging for businesses across Australia, Georgiou included. With the majority of our North West work in WA coming to a close, we took the opportunity to expand into New South Wales as part of our national strategy. We remained focused on providing quality cost and time effective outcomes to our repeat clients; ensuring we were well positioned to ride the wave of economic uncertainty.
Financially, this year we’ve returned a strong revenue of $512 million, with our Building Business Unit surpassing their forecasted revenue with the award of the ALDI Distribution Centre, TOLL Warehouse and Extension, and the Curtin University Medical Teaching Facility. Our Victorian operations have doubled their 2013/14 revenue and are well-positioned to sustainably grow our presence in Victoria. Our Infrastructure Business Unit in WA has consolidated their position and continue to build their core client relationships with Tier 1 land developers. Finally, our NSW business, which has been in operation since January 2015, has delivered a healthy revenue of more than $20 million from two projects – a strong sign of the great things to come from this business.
At Georgiou, we are keen to continue pushing innovation to improve productivity and efficiency in all our operations. Three years ago we realised that we needed to modernise our processes and systems to support our growth. We developed OneApp – a mobile application that housed all our forms from HR documents to HSE investigation information, accessible through a smart device such as an iPad or iPhone. Two years on, OneApp is embedded in our business and we are seeing great efficiencies in the way we do business. To capitalise on this, in 2014 we formed MiracleTek – a software company solely responsible for developing apps to mobilise forms and workflows adaptable to any mobile device. With the support of Georgiou, MiracleTek is a true success story with our first client in the USA.
Safety has remained a strong focus for the company with Safety is My Way – our personalised brand of exemplary safety behaviour that encourages and influences a high performing, authentic safety culture across Georgiou – continuing to produce great results. In the past year, we have taken Safety is My Way to our subcontractors, working hand-in-hand to reduce the number of incidents across the business. I’m very pleased to report our safety performance is again at the highest standard in the company’s history, which is testament to the great HSE team and our people who continue to take ownership of their safety and the safety of others. It would be remiss of me not to mention the great things we have achieved in terms of environmental sustainability. In the past 12 months, Georgiou has continued to seek innovative solutions to reduce our impact on the environment and the amount of waste going to landfill. For Georgiou, we are passionate about the communities in which we work and endeavour – on all projects – to reduce our impact on the environment. Through these waste initiatives, I believe we will continue to achieve this.
As with any business, you are only as good as your team and at Georgiou we aim to be ‘the best people to work with’. This past year saw some key appointments in Executive General Manager Rob Monaci who is heading up our East Coast strategy, General Manager Victoria Peter Lellyett who will work closely with Rob to build a strong presence in Victoria, and General Manager Frank Smith who brings his management experience to the company to assist in the development of our building and property development operations. These three senior appointments have bolstered our leadership team and they will work closely with our current leaders and staff to ensure Georgiou is well-positioned looking forward. Through our internal Georgiou Academy, we have also introduced the Emerging Leadership Program that takes employees, identified by their managers as having high potential, through a six month course to hone their leadership skills. This program, along with a wide range of training options offered by the Georgiou Academy, offers our employees an opportunity to build their skills and take ownership of their professional development.
To close, I want to touch on our biggest internal project going forward. As we have grown from a company of nine to nearly 700, we have developed systems and processes to maintain a strong family culture and not lose what is most important to Georgiou. Our One Georgiou culture defines what we stand for as a business and the way we operate as a company. Over the next six months, we will be working with our people to redefine our culture and truly understand what we need to be successful and grow Georgiou into a national business.