The Davie Strategic Journey: Generation 2040
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The Davie Strategic Journey: Generation 2040 The Davie Strategic Journey: Generation 2040 In our 200-year history, there has never been a more compelling time for Davie. Acquired by the Inocea Group in 2012, Davie has regained its position as the premier builder of cutting-edge ships for the Government of Canada and the private sector. Since 2012, we have delivered many industry firsts. This includes some of the world’s most complex and pioneering vessels: dynamically positioned subsea construction vessels, dual-fuel ferries and a combat support ship, which was the largest and greenest naval vessel ever delivered by a Canadian facility. Davie to deliver for decades under National Shipbuilding Strategy The ultimate recognition of our skills, infrastructure and capabilities was Canada’s confirmation of Davie as a pre-qualified partner in the National Shipbuilding Strategy (NSS). NSS inclusion means a guaranteed orderbook of high-value contracts extending into the 2040s. This puts Davie in a position of unprecedented strength. Cyclical downturns are effectively eliminated providing stability and highly favourable conditions for us to invest, Our vision and grow and generate value. Our already multi-billion-dollar economic impact on Canada will ambition will increase exponentially, while we support thousands of people employed directly by Davie, and throughout our supply chain. see us pursue Davie will maximise the opportunities presented by our multi-generational NSS contracts a multitude by investing significantly in our unique facility – already by far Canada’s largest and highest of opportunities capacity. Ensuring the development and sustainability of a vital national and economic where we can security capability is a win-win for Canada and, increasingly, the private sector. deliver tangible, Unique experience, skills and people with a winning mentality long-term Our renowned workforce is known throughout North America for their exceptional value to our capabilities, which have regularly extended beyond ships to heavy industrial machinery. clients and our This includes making sonar domes and aircraft elevators for the US Navy to air-tight doors stakeholders for Canada’s nuclear reactors. In fact, whenever a task is too complex, absolutely mission critical and with the tightest of deadlines, Davie has been the first port of call. James Davies, President & CEO We have honed these skills and bring our experiences and collective can-do attitude to the shipbuilding value chain that defines us today. Guided by our unique Davie Spirit, no-one designs, builds and sustains complex, ultra-modern, super reliable ships like Davie does. World-Class International Maritime Centre of Excellence In this new era as Canada’s national shipbuilder, Davie is also rapidly emerging as a world-class, international maritime centre of excellence. Our success is stimulating pride in our Québec home and across Canada, inspiring the next generation of entrepreneurs, industrialists and shipbuilders. The National Icebreaker Centre will lead the renewal of Canada’s entire icebreaking fleet. It will also create international exports in a market defined by an aged global fleet and increasing traffic in polar and ice-covered waters. In addition to renewing its icebreaker fleet, Canada has selected Davie as a long-term, Partnering with Canada under through-life support centre for the Royal Canadian Navy (RCN). Our Naval Maintenance the National Shipbuilding Centre of Excellence will sustain the RCN’s surface combatant fleet into the far future. Strategy has created a stable, Davie has also been selected to lead the rejuvenation of Canada’s much-needed multi-generational opportunity federal ferries. that will generate value for We won’t stop there. Our vision and ambition to shape and lead our sector will see us decades to come. pursue a multitude of opportunities where we can deliver tangible, long-term value to our clients and our stakeholders. Alex Vicefield, Founder & CEO Inocea Group Our future has never been so bright. 2 3 4 6 8 22 24 Who We Are Founders’ and What Davie by Innovation Message We Do Numbers Incubator Creating a stable, Vision Mission, Everything you need to Identifying, meeting and sustainable, future Values, Strategy and know about Davie and the exceeding customers’ focused business Operating Model value it creates future needs 10 26 Davie Timeline Key historic and future milestones and Next Generation key ships through the ages Shipbuilding Facility Canada’s only mega yard explained National Icebreaker Centre 16 Canada’s Icebreaker Centre of Excellence 32 National Shipbuilding Strategy Davie becomes a generational government partner 28 Contents Through Davie Spirit Life Partner for a New Canada’s only full- Generation service provider A destination for 18 of Through Life the brightest and 20 Solutions best talent Pride of Québec Davie is proud to partner and share 38 40 42 success with our home province Asterix: Force Corporate Strength in Good Social Depth Governance Multiplier Talented leadership Supports long-term Personifies Davie’s Responsibility with decades of value creation for our rejuvenation as a How we do business is as marine experience stakeholders shipbuilding force important as what we do 4 5 focus on key priorities and shape There will be many more How has Davie transformed our own future. opportunities such as future fleet Canada’s federal maintenance, submarines 4 shipbuilding landscape Founders’ Message Was there one “sliding and ferries. since 2012? doors” moment that We’ve helped reimagine what’s Inocea Group founders, Alex Vicefield and James 4 changed Davie’s Our vision is to leverage this possible in defence procurement. Davies, reflect on a decade of rejuvenation as the trajectory? baseload of work to drive the Asterix is a great example of how There have been many pivotal development of a maritime super Davie put its collective skills to owners of Davie, while looking ahead to a new era of moments and our achievements cluster to rival Scandinavia. work for the Royal Canadian Navy. prosperity for Canada’s premier shipbuilder. have been the result of the collective efforts of Team Davie. As one 40-year Davie veteran We challenged conventional Launching Asterix in 2017 was a recently told me, “The future has wisdom and commercial highlight for me because it was never been so solid”. assumptions. We delivered an something I sketched out as an innovative, high-quality product idea one late afternoon. To see with no financial risk to the it transition from my sketch book Questions for James Davies customer and great value to the to a finished ship was fantastic. It Inocea Group Founder. President & taxpayer. All achieved within an Questions for Alex Vicefield was also the first project we did CEO, Davie Shipbuilding unprecedented timeframe. It’s Founder & CEO a model for future government Inocea Group at Davie from start to finish. When we delivered Canada’s largest Since 2012, did you ever contracting and a solution other naval vessel on time and to doubt you’d be able to turn countries are examining with Why in 2012 did the Inocea budget, it was the ultimate proof 1 Davie around? great interest. 1Group acquire Davie? that all the changes we had made We spent many months in pre- It was clear to many industry at Davie worked. purchase due diligence and it James Davies How would you quantify experts at the time that the was clear that Davie was Canada’s Davie’s economic existing plan to renew the entire How important is Davie’s premier facility – a sleeping giant. 5 contribution to Québec federal government’s fleet was inclusion in the National and the wider Canadian lacking capacity and it would, 5 Shipbuilding Strategy? We immediately began Davie is entering a defining economy? whether sooner or later, need It was the most significant implementing the changes needed period and definitely its It’s compelling. Since 2012, our Davie’s infrastructure, capability milestone in eight years of to put Davie back where gross economic output to Canada and people to deliver on the Inocea ownership. It was a proud it belonged among Canada’s strongest position since has been close to $3 billion. ambitious program. moment and a credit to everyone most prominent industrial assets. WWII. Davie’s rejuvenation is also closely at Davie. We always maintained We created teams combining the connected with an ascendant We felt that as a group, we were it was in Canada’s best interests best Canadian and international Québec, where our impact on dynamic and nimble enough to to have its largest and most talent. We invested over $1bn provincial GDP has exceeded $1.3 take on the task, which called for capable facility regenerating the in the facility, systems and purpose frigates and Program billion, while creating or sustaining technical expertise and the right federal fleet. But this was far from construction programs. We rebuilt Icebreakers. an annual average of almost commercial and financial skillsets. Alex Vicefield a foregone conclusion. It took our supply chain, re-forged 1,900 well paid full-time jobs. We The federal and provincial eight years of tireless advocacy, relationships with key stakeholders Is Davie particularly share our success with a Canada- governments, who played a major continuous investment in our and, crucially, delivered a roster of suited to building specific wide supply chain of over 1,300 role in greenlighting our purchase, people, processes and facilities, best-in- 3 categories of vessels? companies. both agreed. The rest is history. Davie is more than a while delivering complex projects class ships. Depending on the customer’s business. It is a national to Canada on time and to budget. needs, Davie can deliver an array As we transition from a project to How did Inocea succeed security asset which ensures We now look forward to being a The culmination of the past of complex ships, from ferries programmatic way of working to in turning Davie’s fortunes multi-generational partner with the decade’s work will be NSS to frigates.