Saunders 2023 Annual Report e-book

Managing Director and CEO’s Message

I’m proud to present Saunders’ Annual Report for 2023. I would like to extend a warm welcome to Nick Yates, who has assumed the role of Chairman, and express my sincere gratitude to Timothy Burnett for his 16 years of exceptional Chairmanship. SAFETY FIRST As Managing Director and CEO, ensuring the safety of our people, subcontractors, and the community is my number one priority. In 2023, we achieved a strong safety performance, with a Total Recordable Injury Frequency Rate (‘TRIFR12’) metric of 1.68 (compared to 1.93 in 2022) and received client recognition for our high safety performance in the period. This year we have taken significant steps to qualify under the Australian Government Building and Construction WHS Accreditation Scheme, which represents the highest workplace health and safety standards in Australian building and construction projects. Unfortunately, we recorded a lost-time injury this year after reporting a zero lost-time injury record for over 4.3 million hours in 2022. Moving forward, we are focused on fostering our safety culture and implementing new initiatives, such as our upcoming safety program that will roll out across the business in 2024. FINANCIAL SUMMARY Despite enduring macro market challenges such as supply chain disruptions, inflation, weather, and labour constraints, Saunders’ financial strength has continued to shine this year. I am pleased to share that we have achieved another year of record revenues and secured three major projects with values exceeding $40 million each in the last 12 months.

Mark Benson, Chief Executive Officer and Managing Director

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Annual Report 2023

Annual Report 2023 8

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