2.Management Approach Over the Next Three Years
Rebalancing of “Resources” and “Non-resources”
In Resources, MC shall focus its investments in metallurgical coal, copper, and natural gas, optimizing the quality of its portfolios while maintaining their overall sizes.
In Non-resources, MC shall re-profile its portfolios but increase their sizes by investing in growing businesses where the company can proactively demonstrate its strengths.
Cash-flow-focused Management
Over the strategy’s three-year period, MC shall manage its investments and shareholders returns within its capacity to generate cash.
Further Evolution from “Investing” to “Managing”
Until now, MC has generated growth primarily by investing in businesses; however, the new strategy shall focus more on proactively managing the businesses, enabling our management partners to benefit from MC’s unique strengths and functions, and generating continuous value together.
Accelerated “Lifecycle-based” Portfolio Re-profiling
Recognizing that businesses have lifecycles influenced by environmental and other factors, MC shall re-profile its portfolios by proactively demonstrating the company’s strengths.