Orica is aiming to give investors a better view of the earnings potential of its growing mining digital business in FY23, having ramped up its technology commercialisation focus over the past year. CEO Sanjeev Gandhi says inside and outside the company the expectation now is that value created by innovative technology must be shared: “There is no intention to give it away for free.”
A number of company leaders who spoke during an investor day presentation this week said Orica’s growing suite of digital technologies were being bought by customers not using its explosives or blasting services, demonstrating the value they could generate independently.
“It’s all very good saying we can produce better blast outcomes,” said Orica EMEA president, James Bonnor.
“But actually being able to demonstrate the value … That’s the big shift in the last 4-5 years.