2012 Integrated report - Sappi

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Group overview continued Our operations Sappi is a global company focused on providing dissolving pulp, paper pulp and paper based solutions to our direct and indirect customer base across more than 100 countries. Maine Minnesotanesota Boston Sappi Fine Paper North America 23% of group sales 3 Mills, 4 Sales offi ces Sappi Fine Paper Europe of group sales 53% 8 Mills, 16 Sales offi ces Finland Russia es Our dissolving wood pulp products are used worldwide by converters to create viscose fibre for clothing and textiles, acetate tow, pharmaceutical products as well as a wide range of consumer products. Our market-leading range of paper products includes: coated fine papers used by printers, publishers and corporate end-users in the production of books, brochures, magazines, catalogues, direct mail and many other print applications; casting release papers used by suppliers to the fashion, textiles, automobile and household industries; and newsprint, uncoated graphic and business papers and premium quality packaging papers and tissue products in the Southern Africa region. urkey The pulp needed for our products is either produced within Sappi or bought from accredited suppliers. Across the group, Sappi is close to ‘pulp neutral’, meaning that we sell almost as much pulp as we buy. 4
global Sales by source 2012: US$6,347 million Operating profit excluding special items 2012: US$403 million Sales by destination 2012: US$6,347 million Share of group’s net operating assets 2012: US$4,320 million 1% 24% 23% 23% 19% 23% 21% 44% 13% 37% 53% 33% 45% 41% North America Europe Southern Africa North America Europe Southern Africa North America Europe Asia and other Southern Africa North America Europe Southern Africa Corporate Cape Town Johannesburg Port Elizabeth Durban Sappi Trading Sappi Trading operates a network for the sale and distribution of our products outside our core operating regions of North America, Europe and Southern Africa. Sappi Trading also coordinates our shipping and logistical functions for exports from these regions. Sales offices Bogotá | Hong Kong | Johannesburg Mexico City | Nairobi | São Paulo | Singapore | Shanghai Sydney | Taipei | Vienna Logistics offices Durban | New York Sappi Southern Africa 24% of group sales Sappi Paper and Packaging 5 Mills, 4 Sales offi ces Sappi Specialised Cellulose 1 Mill Sappi Forests 1 Sawmill, 554,000ha Corporate head Regional head Mills Sales sappi Integrated Report 2012 5
Page 1 and 2: Sappi Group (Sappi Limited) INTEGRA
Page 4: About this report Introduction Our
Page 7: 2012 was a year that positioned us
Page 11 and 12: Non-financial highlights Specific p
Page 13 and 14: performance the region as a whole.
Page 15 and 16: The restructuring of our paper oper
Page 17 and 18: Group overview continued Q&A with R
Page 19 and 20: Focus on product development Produc
Page 21 and 22: 4 electricity steam black liquor pu
Page 23 and 24: commitment Europe Our European empl
Page 25 and 26: iodiversity Sustainable fibre suppl
Page 27 and 28: Exciter value delivery was US$23.9
Page 29 and 30: market leaders > Print is particula
Page 31 and 32: Focus on innovation Knowledge, insi
Page 33 and 34: Pulp Share of sales paper pulp + di
Page 35 and 36: governance Deenadayalen (Len) Konar
Page 37 and 38: guidance Executive management Mark
Page 39 and 40: Review of operations Sappi Fine Pap
Page 41 and 42: streamlined The closure of the Bibe
Page 43 and 44: Focus on skills development Sappi c
Page 45 and 46: accelerate Capacity (’000) Divisi
Page 47 and 48: progress The year ahead The demand
Page 49 and 50: US$ million September 2012 Septembe
Page 51 and 52: Share statistics 2012 2011 2010 200
Page 53 and 54: Chief financial officer’s report
Page 55 and 56: positive Section 2 Financial perfor
Page 57 and 58: improvement Operating profit exclud
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cost reduction Taxation The tax exp
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service Sappi Fine Paper North Amer
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priority Section 4 Cash flow In the
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Defined benefit liabilities US$ mil
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Group debt profile We show the majo
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performance Section 6 Share price p
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Governance and compensation Corpora
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encourage Audit committee The audit
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Group IT steering committee The Gro
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During 2012 a board committee was e
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Governance element Principle Summar
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External assurance providers Report
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Principle Chapter 7 - Internal audi
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Stakeholder engagement report Sappi
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Compensation report The two large s
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strategic The primary components of
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Component Purpose Characteristics V
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competitive The policy on fatalitie
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empower Service contracts Mr Boëtt
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The dissolving wood pulp capacity c
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Focus on local communities Our busi
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Directors’ approval The directors
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Audit committee report for the year
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Directors’ report for the year en
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Group income statements for the yea
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Group statements of cash flows for
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Group income statements in Rands (c
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Group statements of cash flows in R
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Notes to the group annual financial
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Annexure A - Investments at Septemb
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Glossary market pulp - pulp produce
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Glossary net operating assets - tot
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Notice to shareholders “Resolved
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Notice to shareholders “Resolved
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Notice to shareholders Annexure to
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Notice to shareholders The MOI prov
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Shareholder’s diary Annual genera
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198
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Notes to proxy The form of proxy mu
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Inspired to co-create We operate wi
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2012 Integrated report - Sappi

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