Underpinning our portfolio, the innovative practices that we apply and our world-class people, we have a value-focused approach to capital allocation with clear prioritisation, as follows:
- Maintain asset integrity;
- Ensure a strong balance sheet; and
- Pay dividends to our shareholders, determined on an earnings based payout ratio.
Discretionary capital is then allocated towards the best value outcome, either by investing for profitable growth or making additional returns to shareholders. Growth investment is subject to a robust risk framework, using capital scheduling and partnering where appropriate, to ensure that the balance sheet remains robust through the investment cycle.
From our high-quality portfolio of assets, through the innovative approaches to driving value that we apply, delivered by our world class team of people, we believe that we are positioned to drive attractive long term growth and sustainable returns to our shareholders.