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Lend Lease’s Technology Strategy for Operational Consistency How our partnership with Trimble “turned on the light bulb” Complete & Connected Workflow Concept INITIATE Engineering & Design Build DEVELOP DESIGN COORDINATE SCHEDULE Handover ESTIMATE PREPARE LAYOUT MANAGE Operate DELIVER Complete & Connected Workflow Concept INITIATE Engineering & Design Build DEVELOP DESIGN COORDINATE SCHEDULE Handover ESTIMATE PREPARE LAYOUT MANAGE Operate DELIVER Objectives ▪ Understand benefits of defining a company strategy ▪ Understanding the challenges of implementing multiple apps as a platform ▪ See how Trimble can be a partner in developing a company strategy Lend Lease Introduction Business Model Achieving Competitive Advantage through an Integrated Model Development Management Investment Management Residential Retail Project Management & Construction Commercial Industrial Technology Asset Property Management Infrastructure Retirement Healthcare Life Science We find We buy We fund We design We build We manage Sourcing the best property opportunities Structuring the right deal Providing the right investment solutions Creating innovative and sustainable property solutions Building and project managing using our global reach Continually enhancing the value of property over time 5 To Create the Best Places We’re shaping city skylines, Creating iconic structures, Breathing life into forgotten and disused precincts, Delivering infrastructure that improves the quality of life, and Designing places and spaces for generations to enjoy 6 Our Global Presence Americas 2,000 Employees Europe 2,500 Employees *Areas of operation highlighted in green Australia 7,600 Employees Asia 1,100 Employees 13,200 Employees Lend Lease Globally Construction Backlog A$16.2bil over 13,200 employees globally 4 business Investment Management units Development Project Management & Construction Asset & Property Management Listed on Australia Australian Stock headquarters Exchange As at June 2014 Lend Lease in the Americas 1900+ Employees Americas HQ: New York Integrated Property Solutions US$2.7 Billion Revenues, YE June 2014 Experience 50 States, Canada & Latin America Completed more than 2500 projects 9 Notable Projects in the U.S. 1 2 6 3 7 4 5 8 9 10 11 12 13 14 15 1. Trump International Hotel & Tower 2. National September 11 Memorial & Museum at the World Trade Center 3. US Court of Appeals Restoration 4. Statue of Liberty Restoration 5. American Museum of Natural History, Various 6. 7. 8. 9. 10. 11. 17 16 Camp Lejuene, Atlantic Marine Corps Communities New York-Presbyterian Hospital, Various Bank of America Corporate Center SC Johnson Argentina New Industrial Plant Grand Central Terminal Revitalization Duke University School of Nursing 12. 13. 14. 15. 16. 17. Time Warner Center Citi Field, NY Mets Stadium Genzyme Building 78 1996 Summer Olympic Games Fort Campbell Zero Energy Housing Los Angeles City Hall Restoration 10 Lend Lease’s Project Technology Platform THE JOURNEY BEGINS – Spring 2012 Lend Lease Operations Leadership Team chartered a Project Controls System Steering Committee to establish a long term strategy for project controls systems required to support the business into the future. What was our situation? iSqFt MC2 E1 Acquired by Trimble in 2006 P6 OST Enablon Field D Profiler EOS Adviso HR r BIM BIM Excel Note: Red and blue triangles represent duplication of certain data. 12 What did we want? What was going through our minds? This is complicated!!! We are not programmers!!! We need help!!! THE JOURNEY CONTINUES – Spring 2013 ▪ We’ve noticed you have been on a buying spree. ▪ We’d like to understand your vision for all these acquisitions. ▪ We think we need your help. Here’s our vision for what we need…. …here was Trimble’s reaction! Design & Constructability Field & Mobility Estimating & Cost Planning Project Controls Lend Lease’s Reaction…. The Plan - Step 1: Crystalize the vision to fit Lend Lease • ERP – Oracle E1 • Scheduling – Primavera P6 • BIM – DES/Control Models The Plan - Step 2: Socialize the Vision to Obtain Feedback/Buy-In IMPORTANT: Recognize that technology isn’t the whole solution…but it is an important component. People Process “Safest & Most Productive Workflows in the Industry” Technology Lend Lease Americas The PM&C Delivery Process Investment here… …produces ROI here. Lend Lease Americas – PM&C People Challenging Project Teams to Leverage Technologies to Drive Safer & More Productive Workflows Key Considerations: 1. Technology ROI - Primary $$ savings opportunities typically schedule and/or GC’s related. 2. Project Executives must be able to conceptualize the use of the new technology and evaluate cost/benefits relative to their baseline plan. Staffing plans/GC's are developed by Project Execs based primarily on past experience/similar projects…therefore they are the only one’s who really understand the baseline scenario. 3. Conceptualizing how to leverage technologies to deliver projects "better, faster, cheaper" is a skill that requires a progressive minded Project Executive. 4. BU Leadership needs to challenge Px’s to “leverage technologies to drive safer and more productive workflows”. Technology – Key Considerations 1. The platform will not be perfect and will continuously evolve as technologies evolve and as Trimble advances it’s integration strategy. 2. Key functionalities ▪ ▪ Year 1 – VICO’s 4D, 5D, and BIM viewer capabilities, RFID/Bar Code integration with Prolog. 1-3 Year Expected features/integration capabilities…closed loop historical data capture, VICO-Prolog integration, field progress data capture. 3. Point Solutions versus Platform Components ▪ The market will continue to have a multitude of point solutions with very good “bells and whistles” ▪ Comparisons of point solutions with platform components are inevitable and healthy. However, we need to ensure project teams understand and keep in view the benefits of the integrated platform before choosing a point solution over the platform component. ▪ We need to continuously push/help our vendor partner to keep platform components current with point solutions in the market. 27 Design & Constructability Field & Mobility Estimating & Cost Planning Project Controls Project Technology Platform - Vision Why Trimble? 29 Trimble Buildings Design Architecture Structures Build GC/CM MEP Operate Owners/Occupiers Construction BIM Plates, Bolts & Welds Embeds MEP/FP Rebar & PT Bolts Lay-Out Points Design BIM Trimble’s focus is on Construction BIM versus Design BIM, which is Autodesk’s primary focus. Closed Loop Robotic TotalStations Laser Scanners Field Data Collection Trimble Buildings Trimble Connect Web Trimble Connect Mobile Trimble Connect Desktop Model objects and Business objects Browser Mobile Trimble Tekla SketchUp Structures Trimble MEP Designer Trimble Vico Manhattan Project Management Office Atrium Centerstone BACnet interface Trimble DBO Client Product list not comprehensive and for example only Key Drivers of the Business Case for the Lend Lease PTP 5D Quantity Extraction Capabilities Design & Constructability Closed Loop Cost Data Capture Field & Mobility Estimating & Cost Planning Project Controls Builds on well established Prolog platform Trimble’s Field Capabilities are 2nd to None Who’s team of horses do you want to hitch your company’s wagon? Questions? Questions?