Our performance in 2009 - Sappi
Our performance in 2009 - Sappi
Our performance in 2009 - Sappi
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<strong>Our</strong> report <strong>in</strong> overview<br />
our bus<strong>in</strong>ess<br />
our <strong>performance</strong><br />
governance<br />
f<strong>in</strong>ancials<br />
2<br />
3<br />
4<br />
19<br />
24<br />
92<br />
199<br />
<strong>Our</strong> global reach<br />
A quick overview of our bus<strong>in</strong>ess,<br />
<strong>in</strong>clud<strong>in</strong>g a high-level description<br />
and show<strong>in</strong>g the geographic<br />
spread of our operations.<br />
<strong>Our</strong> bus<strong>in</strong>ess structure<br />
Indicates the divisional structure of<br />
our bus<strong>in</strong>ess, <strong>in</strong>clud<strong>in</strong>g our Ch<strong>in</strong>ese<br />
jo<strong>in</strong>t venture, gives sales and pulp<br />
capacity, and provides key facts.<br />
<strong>Our</strong> <strong>performance</strong> <strong>in</strong> <strong>2009</strong><br />
An overview of our <strong>performance</strong><br />
aga<strong>in</strong>st the prior year, <strong>in</strong>clud<strong>in</strong>g<br />
f<strong>in</strong>ancial and strategic highlights,<br />
and key ratios.<br />
Letter to shareholders<br />
From the chairman and chief<br />
executive officer; reviews the<br />
group’s <strong>performance</strong> and strategic<br />
developments <strong>in</strong> the year, and<br />
provides prospects for the year<br />
ahead.<br />
Interview with the<br />
chief executive officer<br />
He answers <strong>in</strong>vestors’ most<br />
frequently asked questions.<br />
26 <strong>Our</strong> leadership<br />
Provides short CVs for the nonexecutive<br />
and executive members<br />
of our board of directors, and lists<br />
40<br />
senior management <strong>in</strong> <strong>Sappi</strong><br />
Limited and our operat<strong>in</strong>g divisions.<br />
41<br />
67<br />
Risk management<br />
Annual f<strong>in</strong>ancial statements<br />
Glossary<br />
5<br />
6<br />
8<br />
30<br />
36<br />
202<br />
206<br />
<strong>Our</strong> <strong>performance</strong> aga<strong>in</strong>st<br />
strategic objectives<br />
Sets out our strategic goal and<br />
specific priorities, and plots our<br />
progress aga<strong>in</strong>st these <strong>in</strong> the year<br />
under review.<br />
<strong>Our</strong> <strong>performance</strong> aga<strong>in</strong>st<br />
f<strong>in</strong>ancial targets<br />
Provides five-year trends <strong>in</strong> key<br />
f<strong>in</strong>ancials and sets out the group’s<br />
<strong>performance</strong> aga<strong>in</strong>st its stated<br />
f<strong>in</strong>ancial targets. Also shows regional<br />
sales by source and dest<strong>in</strong>ation.<br />
<strong>Our</strong> <strong>performance</strong> aga<strong>in</strong>st<br />
susta<strong>in</strong>ability objectives<br />
A comprehensive overview of our<br />
commitment to susta<strong>in</strong>able<br />
development, and our <strong>performance</strong><br />
aga<strong>in</strong>st the triple bottom l<strong>in</strong>e<br />
objectives set out <strong>in</strong> our<br />
Susta<strong>in</strong>ability Charter.<br />
Review of operations<br />
<strong>Sappi</strong> F<strong>in</strong>e Paper<br />
Review of operations<br />
<strong>Sappi</strong> Forest Products<br />
Value added statement<br />
Chief f<strong>in</strong>ancial officer’s report<br />
Notice to shareholders<br />
Shareholder’s diary<br />
<strong>2009</strong> annual report 1<br />
In striv<strong>in</strong>g to provide a more<br />
<strong>in</strong>tegrated report, we have made<br />
a few key improvements as<br />
<strong>in</strong>dicated below with an asterisk<br />
14<br />
<strong>Our</strong> susta<strong>in</strong>able<br />
bus<strong>in</strong>ess cycle<br />
A process diagram that provides a<br />
full picture of our bus<strong>in</strong>ess, show<strong>in</strong>g<br />
<strong>in</strong>puts, outputs and impacts of our<br />
operations. It also <strong>in</strong>dicates the<br />
management systems used <strong>in</strong> our<br />
operations.<br />
<strong>Our</strong> products<br />
Describes the wide range of enduses<br />
and lists our major brands<br />
with<strong>in</strong> each of our ma<strong>in</strong> product<br />
categories, and shows sales by<br />
product group.<br />
<strong>Our</strong> objectives for 2010<br />
Sets out management’s priorities<br />
for the year ahead.<br />
Five-year review<br />
Sets out key f<strong>in</strong>ancials from the<br />
<strong>in</strong>come statement, balance sheet<br />
and cash flow statement, as well as<br />
profitability, efficiency and liquidity<br />
ratios, and exchange rates, over a<br />
five-year period.<br />
Share statistics<br />
Provides relevant statistics,<br />
<strong>in</strong>clud<strong>in</strong>g number of shareholders,<br />
number of shares <strong>in</strong> issue, number<br />
and value of shares traded, price<br />
per share, earn<strong>in</strong>gs and dividend<br />
yields, PE ratio and total market<br />
capitalisation.<br />
70 Corporate governance<br />
Includes an <strong>in</strong>dication of the<br />
implications of K<strong>in</strong>g III on our<br />
governance processes.<br />
83 Compensation report<br />
16<br />
18<br />
62<br />
64<br />
207 Proxy form for annual<br />
general meet<strong>in</strong>g
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