WHAT A YEAR FOR BMD

At BMD, we have been seeing things differently since 1979. Our involvement in some truly nation building projects over our history has assisted us in catapulting from a small Queensland family business to become Australia’s largest privately owned civil contractor, with a global footprint spanning the UK and the Philippines. BMD’s point of difference is in our ability to deliver major and minor infrastructure, and urbanisation projects through our integrated business model; together with our ﬁnancial strength, 44-year track record and capability. The past year will long be recognised in BMD’s history books as one of resilience, growth and transformation. Our solid financial result reflects the continued execution of our strategy which incorporates the pillars of people, process and performance combined with the strength of our truly diverse business model. This year saw BMD diversify into larger projects, vertical building construction and new business acquisitions which assists to future proof and secure our supply chain.

“I am pleased to report to you on the BMD Group’s performance over the last 12 months. The business has experienced exponential growth as we delivered on our strategy across the pillars of People, Process and Performance.
In the past year, our people have demonstrated an unwavering commitment to excellence across all projects and operations. From delivering a record turnover of more than $2 billion, to strategically expanding our geographic footprint and successfully diversifying our capabilities, we have leveraged the recent periods as a platform for scale.

Financially, this year has been a landmark one, marked by record turnover and our infrastructure business exceeding all targets exceptionally. Yet, we are not content with merely meeting expectations; our focus remains on continuous improvement and innovation to ensure sustained success.

I would like to thank each and every member of our BMD family for their hard work and contribution to a year for the history books. I would also like to thank my fellow Board of Directors for their continued stewardship, guidance and support. I look forward to seeing where the next 12 months takes us.”

Scott Power Group Director – Chief Executive Officer

THIS YEAR AT A GLANCE

It was a significant year of growth, with our people demonstrating true resilience to deliver strong performance and achieve record turnover of $2.03 billion.

GROUP REVENUE

2022-23 — $2.03 billion
2021-22 — $1.64 billion
2020-21 — $1.46 billion

REVENUE BY BUSINESS UNIT

BMD Constructions – 68.62%
BMD Urban – 21.71%
Empower Engineers &  Project Managers – 0.24%
JMac Constructions – 3.49%
Urbex – 5.94%

PROJECT STATISTICS

324 projects awarded
285 projects reached practical completion
100 projects operating at any one time

HOURS WORKED

8.5 million hours worked across the group

LIVING OUR VALUES

OUR BUSINESS IS OUR PEOPLE

With more than 2000 people making up the BMD family globally, our people are the foundation of our business. We have a distinctive way of seeing things differently, which is critical for high performance and empowers our people to bring the best to improve their work every day. After 44 years, our business will always be centred on our people. Retaining and attracting an inclusive, diverse and talented workforce remains one of our key priorities. Over the last year we have worked tirelessly to expand our family globally, including project-specific recruitment drives, and increasing our offering of traineeships and apprenticeships. Our key achievements for FY23 include:

expanded the BMD family with a growth of 11% in our employee base to 2000
maintained our representation of women at BMD, sitting at 19%
employed 22 graduates (37.5% of which are women)
invested more than $1 million into the communities in which we operate through corporate partnerships and community programs
grew our 20 Year Club to 122 people
spent more than $37 million with 76 Aboriginal and Torres Strait Islander businesses.

As we look to the year ahead, our focus has shifted internally in the hopes to retain more of our people by investing in their careers through learning and development and establishing clear growth pathways.

SAFETY AND WELLBEING

THE HEART OF THE BMD WAY

At BMD, safety is of paramount importance in everything that we do. We acknowledge that everyone plays a role in our safety culture, and as we continue to grow and diversify our portfolio of work, we must become more strategic and considered in how we promote safety across the business. For us, safety is about maintaining the health and wellbeing of our people each day and ensuring they feel empowered to take part in, and contribute to, BMD’s approach to safety. Across all operations, we completed more than 8.5 million hours of work this year with a total recordable injury frequency rate (TRIFR) of 4.2 – a significant improvement on last financial year’s result of 6.9. Our lost time injury frequency rate (LTIFR) was also down year on year, from 2.2 in the 2022 financial year to 0.9. These results represent the significant dedication by our people and management to achieving safety excellence across the business.

OUR APPROACH TO THE COMMUNITY

At BMD, we continually strive to do what’s right and to be known for making a positive and lasting impact in the communities in which we operate. Our commitment to our workforce sustainability, diversity and inclusion, social procurement, and legacy is ingrained in our culture. We work collaboratively with various stakeholders, including government bodies, subcontractors and local communities, to ensure that our projects create a positive and lasting impact. Our dedication to meeting or exceeding social targets reflects our mission to promote equality and social responsibility within the construction sector. Over our history through a relationship-based and collaborative approach, we have built an extensive network of industry professionals, earned trust from our clients, and continuously demonstrated our ability to deliver projects that meet the highest standards. This year we reported a spend of $4.38 million with registered social enterprise companies.

THANK YOU

TO OUR PEOPLE, CLIENTS, PARTNERS AND SUPPLY CHAIN FOR YOUR CONTINUED SUPPORT.

Download previous annual reviews below

2021-22 2020-21 2019-20 2018-19 2017-18

Download 2022-23

2022-2023 Annual Review