SPECIAL COMPANY

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Targets and Achievements

2007

TARGET	STATUS
To have identified and completed successful acquisitions in Australia and the USA	On target in the USA, however likely 2008 for Australia
To have a business in the United Kingdom contributing significantly to our international divisions	No longer an option and now a consideration for European expansion
To have six or more profitable operations in North East Asia	Likely 2008 and onward
To have Mainfreight International throughout the USA and generating more revenue than CaroTrans	Likely to take until 2009
To have developed a presence in South East Asia and India	Acquisitions continue to be reviewed
To be seen by the market as a significant New Zealand owned company earning substantial profits off shore for the benefit of New Zealand	In our considered opinion, we now contribute worthwhile profits to the New Zealand economy from our operations offshore

2008

TARGET	STATUS
To have revenues exceeding $1 billion	On target
To have our off shore interests generating more profit that our New Zealand businesses	Achieved 54% of net surplus before abnormals from outside of New Zealand and likely to increase substantially
To be the dominant LCL logistics supply chain operator in Australasia	On target
To be achieving in excess of 7% return on revenue in our international divisions	On target
To begin to have global significance in international logistics using our foundations in USA, Europe, China and Australasia	On target
To increase the regional networks of Mainfreight International in New Zealand and Australia	On target

2009

TARGET	STATUS
To be further established as a Global Supply Chain Logistics Operator	On target
To have international operations across Europe and the United States, China, India, South East Asia and South America	On target
To have established logistics operations in China and the USA with some involvement in domestic distribution	On target
To have our Australian domestic and warehousing operations earning similar profits to that of our New Zealand operations	On target
To have our American interests earning more profit than our Australian and New Zealand International operations	Likely in 2012

2010

TARGET
To have doubled our revenue from our 2006 result
To be well established, with our own businesses, around the world in all countries of trading imprtance
To increase airfreight revenue to match seafreight revenue

“Our expansion in other countries has lessened any impact that a fragile economy in New Zealand may have on business.”

“ Life is not a practice for the real thing. ”

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