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CHAPTER 3 Sustainable growth Value creation strategy

Our 2019-2023 Strategic Plan identifi es and schedules future action and projects to be implemented over the next fi ve years to achieve the medium-term objec- tives established for the whole business, as well as for each business area, which are also aligned with our long-term strategy.

This new plan retains the objectives and commitments which are defi ned in the previous 2018-2022 plan: to maximize shareholder returns and value creation, to strengthen the company s fi nancial po- sition, and to achieve long-term sustain- able growth. In 2018, we set ourselves new goals to establish Abu Dhabi as a priority area for development and expan-

sion of the different business units, given the interest of our shareholder Mubada- la Investment Company in progressing with our transformation that began a few years ago from a regional company with a predominantly downstream compo- nent to a globally integrated company of choice.

We will continue to roll out the 2030 Cep- sa Plan over the next fi ve years. Over that period, we plan to strengthen our core businesses, unlocking the maxi- mum value from our current operations through on-going effi ciency programmes, operational excellence and additions to our portfolios.

3.1 VALUE CREATION STRATEGY

2023 STRATEGY (2019-2023 STRATEGIC PLAN)

"We plan to strengthen our main buisinesses to generate the highest value from our current operations through continuous effi ciency programs, operational excellence and acquisitions to our integrated portfolio."

2018 ANNUAL AND CORPORATE RESPONSIBILITY REPORT

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