Integrated report 2014
for the year ended September 2014

living with sappi

Group overview

letter to the stakeholders
from the Chairman and Chief Executive Officer

The year has been successful for Sappi and we delivered on the promises we made a year ago. All regions achieved notable successes with cost reduction and efficiency programmes, as well as with actions to boost cash generation.

 

Operating profit excluding special items to capital employed (ROCE)
(%)

 

Net debt to EBITDA excluding special items
(times)

  Operating profit   Net debt to EBITDA
Sappi Chief Executive Officer, Steve Binnie, talks about the company’s year-end (September 2014) results. Read more here
Sappi Chief Executive Officer, Steve Binnie, talks about the company’s year-end (September 2014) results.

our strategy in 2015

Our goal is to actively transform Sappi into a growing and profitable diversified woodfibre group focused on specialised cellulose, cash generative and profitable paper businesses and other high margin industrial products which will provide value to our customers and wealth to our people and shareholders.

No radical change in direction in the next two years while preparing for renewed growth

FY14 Strategic objectives: Click on elements below for more information

  • Continuously improving operational performance
  • Optimising energy usage in mills
  • Maximising global procurement efficiencies
  • Continuously balance graphic paper supply and demand in all regions
  • Convert paper machines where possible to higher margin paper business
  • Growing paper packaging grades
  • Growing specialised cellulose product portfolio
  • Extracting value from waste

 

  • Restructuring debt
  • Optimising working capital
  • Selling non-core assets
  • Evaluating opportunities in specialised cellulose, packaging and complementary industrial products
Read more about delivery in 2014 Read more about our performance in 2014

our strategy in 2015

Our goal is to actively transform Sappi into a growing and profitable diversified woodfibre group focused on specialised cellulose, cash generative and profitable paper businesses and other high margin industrial products which will provide value to our customers and wealth to our people and shareholders.

No radical change in direction in the next two years while preparing for renewed growth

FY14 Strategic objectives:

Click on elements below for more information

Achieve cost advantages
  • Continuously improving operational performance
  • Optimising energy usage in mills
  • Maximising global procurement efficiencies
Rationalise declining businesses
  • Continuously balance graphic paper supply and demand in all regions
  • Convert paper machines where possible to higher margin paper business
Grow through moderate investments
  • Growing paper packaging grades
  • Growing specialised cellulose product portfolio
  • Extracting value from waste

Read more about delivery in 2014

Read more about our performance in 2014

our businesses

Sappi is a global company focused on providing dissolving wood pulp, paper pulp and paper-based solutions to its direct and indirect customer base across more than 100 countries. We produce approximately 5.7 million tons per year of paper, 2.4 million tons per year of paper pulp and 1.3 million tons per year of dissolving wood pulp.

  Click on elements below for more information
North America

sappi

North America

1 Paper mill

1 Speciality paper mill

1 Paper and specialised
cellulose mill

4 Sales offices

Europe

sappi

Europe

7 Paper mills

16 Sales offices

Southern Africa

sappi

Southern Africa

4 Paper mills

1 Paper and specialised
cellulose mill

1 Specialised cellulose
mill

1 Sawmill

4 Sales offices

495,000 ha forests

Read more here

Click on elements below for more information

North America
sappi

North America

1 Paper mill
1 Speciality paper mill
1 Paper and specialised cellulose mill
4 Sales offices

Europe
sappi

Europe

7 Paper mills
16 Sales offices

South Africa
sappi

Southern Africa

4 Paper mills
1 Paper and specialised cellulose mill
1 Specialised cellulose mill
1 Sawmill
4 Sales offices
495,000 ha forests