2008 Annual report - Sappi

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Sappi 2008 International Printers of the Year Since 1995, Sappi has recognised and rewarded excellence in print through the Sappi International Printers of the Year competition. These prestigious awards have been called the ‘Oscars’ of the print industry and have established the global benchmark against which any highquality printer can measure themselves. Given the significant value that such an award brings to the printer, Sappi has announced that the competition will in future be held on a biennial basis. This will provide the winning printers at regional and international level with substantial additional benefit. Recognising the importance of the triple bottom line approach to doing business and the fact that consumers and markets are increasingly conscious of environmental issues, Sappi is also investigating how best to incorporate recognition of the importance of sustainability and corporate responsibility into the competition. Over 6,000 entries were received from participating countries in this year’s four qualifying regional Printers of the Year competitions. The categories were: • Annual reports • Books • Brochures • Calendars • Catalogues • General print • Magazines (sheet and web) • Packaging and labels • Printer’s own Promotion Each year, the nine category winners in the Sappi International Printers of the Year awards receive a coveted cast-bronze elephant trophy created by world-renowned sculptor Donald Greig, symbolising Sappi’s South African heritage. Regional gold award winners competed against each other in their respective categories and were judged by an international panel of judges, ensuring impartiality and the broadest spectrum of technical expertise in print. Each entry was judged on overall appearance, quality of finishing and general difficulty of the print job, as well as various technical factors. The Sappi Printers of the Year Awards originated in Africa 30 years ago, and were subsequently introduced in Europe, North America and Sappi’s Trading region (Asia, Australasia, South and Central America) to become a truly global benchmark of printing excellence. Sappi papermaking process pulping papermaking Wire – forms the sheet of paper Size press – coats the basic sheet of paper Calender Wood Debarked pulpwood Chipper Digester Bleaching plant Screens Head box Press – removes water Dryer Dryer Reel Paper machine 14
sappi Ideas that matter Print remains one of the most powerful forms of communication. It is personal and emotive, and connects on many levels with its audience, making it an exceptionally effective communication channel for non-profit organisations – for fundraising purposes, education and raising awareness. In addition to the grants awarded, the creators, campaigns and worthy causes for whom the campaigns are designed and initiated are featured in a book published annually. A long-standing Sappi initiative, Ideas that Matter, is aimed at assisting non-profit organisations worldwide by awarding annual funding to innovative designers for print campaigns that promote worthwhile social causes. Launched in 1999, Ideas that Matter draws entries from all over the world, and grants totalling US$1 million are awarded annually. Sappi’s funding is awarded to design students, professional designers and design agencies. They donate their time and expertise in developing original and impactful campaigns, while Sappi funds the implementation costs. Over the past nine years, US$9 million in Sappi funding has resulted in some of the most creative and effective campaigns produced for non-profit organisations. This year, over 200 entries were received from 15 countries in the regions in which Sappi operates, and 36 entries were given grants. Causes such as climate change, cancer research, animal anti-cruelty and interventions for the disabled, youth and marginalised communities received funding. Sappi is committed to conducting our business responsibly and helping to create stable, healthy communities. Ideas that Matter is an important expression of this commitment. Sappi papermaking process continued coating cutting and wrapping despatch Super calender – optimises the coated paper surface to develop smoothness and gloss Sheet cutter Coater Slitter winder – cuts large rolls into smaller rolls Sheets Rolls // 2008 Annual report 15
Page 1 and 2: annual report 2008
Page 3 and 4: sappi Our report in overview In pro
Page 5 and 6: sappi Our performance The group’s
Page 7 and 8: sappi Target Target Net debt to tot
Page 9 and 10: sappi Our score on the DJSI World D
Page 11 and 12: sappi People continued Our commitme
Page 13 and 14: sappi Our business structure Johann
Page 15: sappi Pulp Paper pulp is the main r
Page 19 and 20: sappi Objectives for 2009 Meaningf
Page 21 and 22: sappi Deenadayalen (Len) Konar // (
Page 23 and 24: sappi Divisional and corporate mana
Page 25 and 26: sappi We are of the opinion that su
Page 27 and 28: sappi input cost reductions across
Page 29 and 30: sappi Q // Will the integration of
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Page 33 and 34: sappi deliver excellent service and
Page 35 and 36: sappi Transaction funding overview
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Page 39: sappi Demand and prices in the inte
Page 42 and 43: Risk management Our top risks These
Page 44 and 45: Risk management // continued Risk m
Page 46 and 47: Chief financial officer’s report
Page 60 and 61: Five year review Not restated for I
Page 62 and 63: Share statistics at September 2008
Page 64 and 65: Corporate governance We are committ
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Corporate governance // continued E
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Corporate governance // continued A
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Corporate governance // continued r
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Compensation report Compensation co
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Annual financial statements for the
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Directors’ approval The directors
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Directors’ report // continued fo
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Group income statement for the year
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Group cash flow statement for the y
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Group income statement in Rands con
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Group cash flow statement in Rands
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Notes to the group annual financial
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Condensed Sappi Limited company inc
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Condensed Sappi Limited company cas
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Notes to the condensed Sappi Limite
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Glossary General definitions bleach
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Glossary // continued Non-GAAP fina
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Notice to shareholders // continued
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Notice to shareholders // continued
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Shareholder’s diary Annual genera
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Notes to proxy The form of proxy mu
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Notes 1. To be effective, this form
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Notes 1. To be effective, this form
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www.sappi.com
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2008 Annual report - Sappi

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