Page 11 - AMETEK Sustainability Report 2019 HTML

10 Sustainability at AMETEK Our Strategy 11 Sustainability at AMETEK Our Strategy

The AMETEK Growth Model
drives our sustainability.
$4,846

$2,098
Operational Excellence
As the cornerstone of the AMETEK Growth Model, Operational Excellence is
a key component of the company’s well-ingrained culture. We continue to drive
process improvements for our businesses through the use of our Operational
Excellence tool kit. These strategies provide improved efficiencies and asset
management, leading to strong operating performance. 09 10 11 12 13 14 15 16 17 18
Net Sales
(in millions)
GROWTH MODEL
Strategic Acquisitions
Acquisitions are an important part of AMETEK’s history, and its future. AMETEK
seeks to deploy its strong free cash flow on highly differentiated businesses
with leading positions in niche markets. We look to create significant value by
successfully integrating our acquired businesses into the AMETEK Growth Model,
driving increased performance and long-term, sustainable results. 18,100

New Product Development

Technology innovation is an integral component of AMETEK’s success. We
consistently invest in research, development and engineering to design next-
generation products and solutions that are solving our customers’ most 10,100
complex challenges across the globe. Over the years, our product innovation
has led to a portfolio of advanced, highly differentiated technology solutions
serving a diverse set of niche markets. 09 10 11 12 13 14 15 16 17 18

Employees
Global and Market Expansion
Our Strategy, embodied in the AMETEK Growth The success of the AMETEK Growth Model is a result With operations in 30 countries worldwide, AMETEK is a global enterprise.
Model, has been proven successful, leading to of the deep-rooted, performance-based culture embodied Through increased investments in improved sales, service and marketing
strong, sustained growth and increased value for by AMETEK. That culture is maintained and reinforced by capabilities, we have significantly grown our international business and greatly
all of AMETEK’s stakeholders. attracting, retaining and developing a world-class expanded our reach into adjacent markets.
workforce across our global footprint. All of AMETEK’s
The AMETEK Growth Model integrates the four growth colleagues are responsible for embracing and executing $1,129
strategies of Operational Excellence, New Product the AMETEK Growth Model within their function. Cash Flow Generation
Development, Global and Market Expansion, and Given our asset-light business model and strong operational execution, our
Strategic Acquisitions with a focus on cash generation The idea of sustainability is not a new concept for businesses generate tremendous cash flow.
and capital deployment. Talent development is AMETEK. Since the company’s founding in 1930, we have
central to the AMETEK Growth Model, with our people been dedicated to doing business the right way every
as the driving force of our strategy. Each foundational day. By focusing on our businesses and the needs of our Disciplined Capital Deployment
element reinforces the others to create a greater impact, customers, we generate strong, sustained results over AMETEK’s cash flow generation supports the company’s capital deployment $73
which provides a scalable platform to drive long-term, the long term. This allows us to invest in our people, our strategy. This strategy is primarily focused on strategic, value-enhancing
sustainable growth for our entire organization. businesses and our shared communities. This is our acquisitions, which ultimately drives long-term, compounding growth. We are 09 10 11 12 13 14 15 16 17 18
view of sustainability. also committed to paying a modest, yet consistent quarterly dividend. Capital Deployed on Acquisitions
(in millions)