Strategic Focus

EAC strategy towards 2016

The overriding aim of the EAC Group is in the course of the coming years to develop its two businesses, Santa Fe Group and Plumrose in Venezuela, into strong and independent businesses; each with a size and scale sufficient to attract international investors and to become independent, listed companies.

This growth strategy is based on EAC's fundamental objective of creating maximum shareholder value. The financial objective is to achieve double-digit growth in local currencies through acceleration of value-adding acquisitions and organic growth.

In the coming years, EAC will focus on long-term value creation by strengthening the market value of the Group. Consequently, the Supervisory Board regularly reviews the dividend policy in relation to the strategic development of the company, capital requirements and value creation.

Follow-up on targets

Since 2006 EAC has pursued two overall financial targets:

1. Double-digit revenue growth in local currencies.
2. Return on invested capital of around 30 per cent.

EAC has performed convincingly on these targets, and by the end of 2009, the Group reported average organic revenue growth of 20 per cent and an average return on invested capital of 39 per cent.

EAC's overall financial targets since 2006		EAC performance on targets by end of 2009
Double-digit revenue growth in local currencies		Average organic revenue growth of 20%
Return on invested capital of around 30 per cent		Return of invested capital of around 39%