Thanks Tempo, page-51

Dear All,

We have reached mid-year, and like most of us you will find yourselves reflecting on the past in order to mould the future.

We set off in the year with many key strategic objectives to deliver. We have reached the half-way mark claiming good successes, but with more objectives to aim for in order to continue delivering sustainable results.

In particular, in such a competitive resource industry landscape, we have worked hard to further differentiate our offerings across all functions of the business.

For example, from an HR perspective (given we are first and foremost a people's business), we have concentrated on better defining and constantly improving how we engage with our workforce. The workforce engagement standard issued this year has been designed to be a holistic part of an entire business strategy centred on people, and to ensure that everyone has a voice and feels valued. Please spend time to read this, or ask to get a copy if you are at site, as it explains how our organization engages with all of its staff, throughout the entire “employment life cycle”, from on-boarding, performance evaluation, site continuous improvement feedback, succession planning, safety & environmental monitoring and reporting, through to post-separation engagement.

Also, for this first half of the year we have focused on further improving our delivery capabilities, both from a progress reporting standpoint, by broadening the use of our ERP system’s modules, and from a site-based productivity standpoint, by refining and improving our productivity tool kit (comprised of five key tools). One of the tools, which forms part of our core productivity tool kit, has been developed through an exclusive collaboration with a tech company. This partnership is aimed at obtaining site-based productivity metrics to drive day-to-day work front efficiencies through the use of innovative micro-fencing techniques. Again, if you have not done so already, please learn more about our tools and help us drive them across our sites, or help us explain to our clients the benefits of each. Productivity, much like safety performance, starts with each of our behaviours, and our willingness to personally champion the use of these tools.

From a business development standpoint, we have focused on developing and expanding our reach, both with clients and partners. In some instances, where future opportunities require capabilities that extend past our execution capabilities, we have established joint ventures with key market leaders aimed at ensuring our ‎offerings on all projects remain truly unique. We are also pleased to see that we have become a true partner of choice for larger EPC and OEM groups that recognize the value of our specialized integrated maintenance and construction delivery capabilities.

Let me now briefly touch upon the latest event that you are probably already aware of: the acquisition of the core assets of Cablelogic. Firstly, this acquisition has enabled us to enhance our electrical delivery capabilities, extending our service offering to the Resources sector to include telecom and data communication infrastructure expertise. Secondly, and equally important, this also allows us to diversify into the industrial and commercial sector, whilst maintaining our focus on being a specialist maintenance and construction group.

Over the last month or so, we have met with many clients of Cablelogic, and have been truly impressed by the positive feedback and overwhelming support shown for this group. This, I have little doubt, will result in continued business and, likely, greater growth opportunities as a result of Tempo’s financial strength.

Through the acquisition we will inherit an on-going metropolitan electrical, data and telecom maintenance business, as well as over five projects that are at differing levels of completion (with options for expansion of work in some cases). All of Cablelogic team will be retained, and Brett Easton, who will take on the role as General Manager, will continue leading the group. I welcome Brett and the team into our group, and have no doubt that they will have a successful future, and help us further expand and differentiate.

Cablelogic will become Tempo’s electrical, telecom and data communication division and report into Daniel Hibbs - Chief Operating Officer. No changes will be made to the organization at this time.

Let me conclude by highlighting and praising the effort that many of you have put into the due diligence process, and the ‎quality of the work you have done. This, ultimately, has allowed us to make a quick and well-informed decision that has helped mould the future for Tempo.



Max Bergomi