Hills is a majority Australian-owned publicly listed company (ASX:HIL) providing integrated solutions into trusted environments.Vision:To have a Hills innovation in every business, enterprise, government and home.Mission:Our mission is to focus on delivering trusted technologies across the country - from homes, hospitals and aged care facilities, to educational institutions, enterprises and governments.
We are dedicated to achieving sustained growth and delivering quality earnings and cash-flow by providing superior service and innovative solutions.
We apply an innovative entrepreneurial spirit while maintaining a long-term perspective, a strong balance sheet, and the highest ethical standards.
Values,Our Company values are:Be open – to new ideas, be innovative and experiment, listen to others, embrace different ways of doing things and always ask if it can be done better.
Be accountable – to our customers, our shareholders and ourselves, commit to seeing things through, and spend every dollar as if it were your own.
Be safe – work safely and considerately, think ahead, act with awareness.Be true – act with honesty and integrity with everyone, and above all, stand by your word.Grow – as a person, have ambition and help us grow our business to deliver sustained earnings to our shareholders.
We are leaders, assertive but fair, and focused on success.Strategy: Hills concentrates on Trusted technology opportunities where higher returns are available.We are innovative and service focused, IP based, infrastructure and capital light and agile in the deployment of cloud-based technology.
And we remain in the home. This is our lineage and a major part of our DNA. It forms the bedrock of our brand's heritage and its iconic trust that exists today. It’s a powerful platform from which to extend into growth opportunities in other trusted technologies.By FY16, our aspiration is to achieve:75% of revenues from technology and communications.20-25% of revenues from services.Sustained earnings growth.Return of funds employed (ROFE) of 13-15%. Approach to Growth We always want to be moving to where the market will be. We will seek to grow by investing in innovation at our core and through complementary and strategic acquisitions, leveraging our knowledge, resources and experience.We intend to focus on three key segments:The Home;Business; and Enterprise & Government.In the Business and Enterprise & Government segments, we intend to specifically target Finance, Health and Aged Care, Education, Transport and Logistics.Solutions we offer include:Security - including end point and facility security management, vulnerability consulting and testing, environment access control, alerts and alarms, video surveillance and monitoring, testing, and analytics;Systems and Services – including home, audio, visual, entertainment and information, lighting, lighting control, environmental and energy management systems and related integration and technical services; and Networking and Communications – including cloud managed services, NOC and SOC services, wireless and satellite, and RF technology.Business and Operating Models,Our foundation is built upon supplying quality products and services to our customer segments. We are now focused on delivering innovative solutions based on service and annuity revenue streams, which are key to sustained growth in revenue and earnings. Our operating model is moving to a world that is capital light, service based and IP, wireless and cloud enabled.Acquisition Criteria:When assessing acquisitions we will have a preference to secure a strong management team, significant intellectual property, operating in a growth sector, with a #1 or #2 market position, and the ability to generate strong cash flows.Approach to Risk:We are prepared to be opportunistic and selectively invest ahead of the curve. We will seek to optimise and actively manage the risk / reward trade-off recognising that increased return can require increased risk exposure.