The transition projections are a guide to the lead time before the new strategy can be expected to take effect.

In this slide, the projections assume the current profit level as the starting point and that the new strategy is implemented immediately.

Accordingly, the projections show that the likely increased profit benefits from the new strategy would most probably start to become significant only after about 10 years, although there is a 1 in 2 chance of a significant rise in 5 to 10 years. In any event, profits thereafter will probably level off after about 20 years.