Brambles 2006 Annual Report - Alle jaarverslagen

More documents

Recommendations

Info

16 Brambles 2006 Annual Report CHIEF EXECUTIVE OFFICER’S REPORT CONTINUED A firm foundation for the future We can never be complacent. As we seek to grow the business, we know that there are always opportunities to improve productivity, processes and performance. The Impact team, which is small, will work to ensure that improvement methodologies are firmly and widely embedded across both CHEP and Recall. They will help improve all aspects of our business, drive BVA and lift customer satisfaction. In all respects, it is clear the excellence of our people is key to driving our performance. I would like to thank my management team and all our people, for their support and commitment during a year of major change. A large number of people have also left Brambles during the year as a part of the business divestment programme. It is extremely difficult to single out individuals in such circumstances. All contributed to the improving performances of the businesses being sold and therefore to the values realised for our shareholders. However, I would like to mention three long-serving executives. Mark Luby left Brambles in June 2006 after 29 years’ service. He held senior management positions in all Brambles’ major businesses, including President of CHEP Europe from 2002 to 2005. He was key to CHEP Europe’s turnaround and operational improvement during these years and for putting in place systems that provide the foundations for the business to continue to improve. Jean-Louis Laurent left Brambles in August 2006 after 16 years' service in various senior management roles. He joined Brambles in 1990 as Executive Director, Brambles Europe and from August 2004 was responsible for Cleanaway’s UK and Asia-Pacific operations, Brambles Industrial Services and the Regional Businesses. Also, Chris Berkefeld left Brambles after successfully leading the team managing Cleanaway and Industrial Services Australia. Chris was with Brambles for 22 years. I would like to thank Mark, Jean-Louis and Chris for their outstanding contributions to Brambles. Review of Operations CHEP CHEP performed very strongly in all regions. Sales increased by 8% and comparable operating profit was up by 32%. The results achieved by CHEP Americas were excellent, with a 59% increase in comparable operating profit. In the USA, CHEP continued to benefit from significant operational efficiencies and increased market penetration. Latin America is performing very well with sales growth for the full year exceeding 25%. Europe increased comparable operating profit by 20%, benefiting from restructuring and pricing initiatives aimed at aligning the customer’s use of pallets and the cost for CHEP to serve them. The change to this activity based pricing is now complete and there have been no major customer losses during the process – an outcome that is a great credit to our management team. There was a solid improvement in CHEP’s businesses in the rest of the world (principally Australia, New Zealand and South Africa), with sales up 9% and comparable operating profit up 12%. Across CHEP, increased customer satisfaction with our services is a key priority. Recall Recall made a significant investment in increasing information centre capacity during the first half of the year and also implemented initiatives to establish global sales processes and enhanced customer service. Our objective is to improve customer satisfaction and sales through increased focus and rigour. This is evidenced by an improvement in sales growth in the second half of the year. AUSDOC, a Melbourne-based information management business, was acquired in December 2005. Organic sales growth, excluding the impact of AUSDOC, was 5%. Comparable operating profit was up 15% due to the contribution from AUSDOC, a good performance in Europe and improved results in North America. Notes: All comparative trading measures referred to are in constant currency. The Directors believe constant currency comparisons to be relevant measures of business performance. Constant currency and comparable operating profit are defined on page 171.
17 Brambles 2006 Annual Report Excellent Results Rigorous management, strong discipline and firm control Continuing Improvement All programmes brought under one umbrella to ensure common and consistent methodology Our People and Communities Our people drive our performance and support the communities in which we operate Discontinued Operations During the year, Brambles sold Cleanaway Germany, Cleanaway UK, Cleanaway Australia and New Zealand, Brambles Industrial Services Northern Hemisphere, Industrial Services Australia and the Regional Businesses for US$3.6 billion. At the date of this annual report, the sale of Cleanaway UK was still subject to competition authority approval. The proceeds were higher than anticipated, due to both improved operating performances and strong market conditions. I am very grateful to all of our people in these businesses for their invaluable contribution to the success of the divestment process. Brambles and Communities Our businesses and our people are part of their local communities. For example, we benefit local communities by creating employment directly and indirectly, providing high quality support services that assist customers to grow their businesses. At the same time, protection of the environment and sustainability of the activities of Brambles and our customers are fundamental to the way we do business. We also provide financial and other forms of support to a broad range of charitable and community organisations around the world. The Brambles Community Reach programme provided A$600,000 (US$446,000) in grants to 43 organisations during the year – all of which have a close connection with our people through, for example, voluntary service. Preference was given to causes that benefit health, the environment or safety. The recipients included an American association that provides services for abused children, a group restoring and managing a nature reserve in England and the Sydney Breast Cancer Foundation. Brambles became a Corporate Friend of Clean Up The World in 2005, an organisation that mobilises 35 million people in more than 100 countries each year “to clean up, fix up and conserve their environment”. Our businesses also contribute individually to their communities – often in outstanding ways. CHEP received the 2005 Logistics Donor of the Year award from America’s Second Harvest, the largest charitable hunger-relief organisation in the USA, in recognition of its relief efforts following the devastating impact of Hurricane Katrina. CHEP waived over US$100,000 in fees on loads of disaster relief that were shipped to various locations by America’s Second Harvest. I mentioned earlier that it is the excellence of our people that drives our financial performance. Similarly, I am very proud of the qualities shown by our people as they support their local communities. Our goal remains to maximise in a sustainable way the benefits of Brambles for our shareholders, our customers, our people and the environment in which we live. I believe we have, in our people, the commitment and drive to achieve these objectives while improving our customer service and growing the business. David Turner Chief Executive Officer
Page 1 and 2: Brambles 2006 Annual Report Bramble
Page 3 and 4: 1 Brambles 2006 Annual Report CHEP
Page 7 and 8: 5 Brambles 2006 Annual Report Recal
Page 9 and 10: 7 Brambles 2006 Annual Report On 29
Page 11 and 12: 9 Brambles 2006 Annual Report SALES
Page 13 and 14: 11 Brambles 2006 Annual Report The
Page 15 and 16: 13 Brambles 2006 Annual Report Focu
Page 17: 15 Brambles 2006 Annual Report Our
Page 21 and 22: 19 Brambles 2006 Annual Report Davi
Page 25 and 26: 23 Brambles 2006 Annual Report SALE
Page 27 and 28: 25 Brambles 2006 Annual Report Reca
Page 29 and 30: 27 Brambles 2006 Annual Report SALE
Page 31 and 32: 29 Brambles 2006 Annual Report 09 1
Page 33 and 34: 31 Brambles 2006 Annual Report CORP
Page 35 and 36: 33 Brambles 2006 Annual Report Loca
Page 37 and 38: 35 Brambles 2006 Annual Report Bram
Page 39 and 40: 37 Brambles 2006 Annual Report 2. c
Page 41 and 42: 39 Brambles 2006 Annual Report Summ
Page 43 and 44: 41 Brambles 2006 Annual Report Proc
Page 45 and 46: 43 Brambles 2006 Annual Report Fore
Page 47 and 48: 45 Brambles 2006 Annual Report conv
Page 49 and 50: 47 Brambles 2006 Annual Report A di
Page 51 and 52: 49 Brambles 2006 Annual Report In l
Page 53 and 54: 51 Brambles 2006 Annual Report 5.2
Page 55 and 56: 53 Brambles 2006 Annual Report •
Page 57 and 58: 55 Brambles 2006 Annual Report Glos
Page 59 and 60: 57 Brambles 2006 Annual Report Furt
Page 61 and 62: 59 Brambles 2006 Annual Report 2005
Page 63 and 64: 61 Brambles 2006 Annual Report The
Page 65 and 66: 63 Brambles 2006 Annual Report 5. D
Page 67 and 68: 65 Brambles 2006 Annual Report 5.2
Page 69 and 70:
67 Brambles 2006 Annual Report Name
Page 71 and 72:
69 Brambles 2006 Annual Report Name
Page 73 and 74:
71 Brambles 2006 Annual Report US$
Page 75 and 76:
73 Brambles 2006 Annual Report •
Page 77 and 78:
75 Brambles 2006 Annual Report Righ
Page 79 and 80:
77 Brambles 2006 Annual Report DIRE
Page 81 and 82:
79 Brambles 2006 Annual Report Dire
Page 83 and 84:
81 Brambles 2006 Annual Report On t
Page 85 and 86:
83 Brambles 2006 Annual Report SHAR
Page 87 and 88:
85 Brambles 2006 Annual Report Anal
Page 89 and 90:
87 Brambles 2006 Annual Report NUMB
Page 91 and 92:
89 Brambles 2006 Annual Report CONS
Page 93 and 94:
91 Brambles 2006 Annual Report CONS
Page 95 and 96:
93 Brambles 2006 Annual Report NOTE
Page 97 and 98:
95 Brambles 2006 Annual Report Comp
Page 99 and 100:
97 Brambles 2006 Annual Report reco
Page 101 and 102:
99 Brambles 2006 Annual Report Deri
Page 103 and 104:
101 Brambles 2006 Annual Report Not
Page 105 and 106:
Page 107 and 108:
Page 109 and 110:
Page 111 and 112:
Page 113 and 114:
111 Brambles 2006 Annual Report 200
Page 115 and 116:
Page 117 and 118:
115 Brambles 2006 Annual Report For
Page 119 and 120:
Page 121 and 122:
Page 123 and 124:
Page 125 and 126:
Page 127 and 128:
125 Brambles 2006 Annual Report h)
Page 129 and 130:
Page 131 and 132:
Page 133 and 134:
Page 135 and 136:
Page 137 and 138:
Page 139 and 140:
Page 141 and 142:
139 Brambles 2006 Annual Report d)
Page 143 and 144:
Page 145 and 146:
143 Brambles 2006 Annual Report In
Page 147 and 148:
145 Brambles 2006 Annual Report i)
Page 149 and 150:
147 Brambles 2006 Annual Report iii
Page 151 and 152:
149 Brambles 2006 Annual Report d)
Page 153 and 154:
Page 155 and 156:
153 Brambles 2006 Annual Report ii)
Page 157 and 158:
155 Brambles 2006 Annual Report vi)
Page 159 and 160:
Page 161 and 162:
159 Brambles 2006 Annual Report DIR
Page 163 and 164:
161 Brambles 2006 Annual Report Bas
Page 165 and 166:
163 Brambles 2006 Annual Report BIP
Page 167 and 168:
165 Brambles 2006 Annual Report DEF
Page 169 and 170:
Page 171 and 172:
169 Brambles 2006 Annual Report IND
Page 173 and 174:
171 Brambles 2006 Annual Report GLO
Page 175 and 176:
DIRECTORY Brambles Industries Limit
show all

Brambles 2006 Annual Report - Alle jaarverslagen

Create successful ePaper yourself

Delete template?

Save as template?