Our Compass strategy - Unilever

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Welcome to our Annual Report and Accounts 2010 Report of the Directors About Unilever 1 Our brands 2 Operational highlights 4 Chairman's statement 6 Chief Executive Officer's review 8 Our footprint 10 Our ambition 12 Winning with brands and innovation 14 Winning in the market place 16 Winning through continuous improvement 18 Winning with people 20 Sustainable Living Plan 22 Financial review 2010 33 Outlook and risks Governance 40 Biographies 41 Corporate governance 56 Report of the Audit Committee 58 Report of the Corporate Responsibility and Reputation Committee 60 Report of the Nomination Committee 61 Directors’ Remuneration Report Financial statements 69 Statement of Directors’ responsibilities 70 Auditors’ reports 72 Consolidated income statement 73 Consolidated statement of comprehensive income 73 Consolidated statement of changes in equity 74 Consolidated balance sheet 75 Consolidated cash flow statement 76 Notes to the consolidated financial statements 124 Financial record 126 Principal group companies and non-current investments 128 Company accounts Shareholder information 139 Share capital 140 Analysis of shareholding 141 Financial calendar 141 Contact details 142 Website 142 Share registration 142 Publications 144 Index Our mission We work to create a better future every day. We help people feel good, look good and get more out of life with brands and services that are good for them and good for others. We will inspire people to take small, everyday actions that can add up to a big difference for the world. We will develop new ways of doing business with the aim of doubling the size of our company while reducing our environmental impact.
Report of the Directors About Unilever Our footprint Unilever’s products are sold in over 180 countries and used by 2 billion consumers every day. Our impressive presence in emerging markets, together with a brand portfolio that is becoming progressively stronger, tells us that we have the right footprint for growth. We compete in 11 categories and have global leadership in seven. More than 75% of our business is in a leadership or number two position. We are continually strengthening our portfolio. We do this by expanding existing categories into new geographies or by making ‘bolt on’ acquisitions that help to build our presence, either in more countries or at a wider range of price points. With more than half our business in fast-growing emerging markets we are well positioned for future growth. Asia Africa CEE is now our largest region and the fastest growing. We are also experiencing good growth in Latin America. In many of these markets we have a reach and scale that are a source of significant competitive advantage. Whether it be favelas in Brazil or villages in rural India, our depth of distribution is impressive. In developed markets, our supply chain ensures we give high quality service to our modern trade customers in places like the US and Western Europe. Our markets Share of revenue from 5eme 3rging markets % and growing Accelerate emerging markets Our growth is increasingly led by emerging markets. We already have just over half our turnover in these markets, and with their strong economic momentum we expect them to become even more significant over time. 8 Unilever Annual Report and Accounts 2010 Our regions The Americas Underlying volume growth 4.8% Turnover €14.6bn All numbers are at 31 December 2010. Market value growth Western Europe Underlying volume growth 1.4% Turnover €12.0bn Asia Africa CEE Underlying volume growth 10.2% Turnover €17.7bn Our strong performance in 2010 came in the context of a continuing tough economic environment. • Western Europe and North America remained soft, with markets flat at best. We do not anticipate significant improvements in the near future. • Emerging markets were in a much healthier state, particularly in the early part of 2010. Although the latter part of the year saw a modest slowdown the momentum remains strong and we expect this to continue through 2011.
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Our Compass strategy - Unilever

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