Nestle Annual Report 2010

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Annual Report 2010

Our objective is to be the recognised leader in Nutrition, Health and Wellness and the industry reference for financial performance Table of contents 2 6 7 8 10 12 14 18 22 26 27 28 38 40 42 44 46 48 Letter to our shareholders Board of Directors of Nestlé S.A. Executive Board of Nestlé S.A. Creating value for society UN Global Compact – Communication on Progress The Nestlé Roadmap to Good Food, Good Life Competitive advantages Growth drivers Operational pillars Financial review Principal key figures (illustrative) Overview Management responsibilities: Food and Beverages Leading positions in dynamic categories Geographic data: people, factories and sales Corporate Governance and Compliance Creating Shared Value Key Performance Indicators Shareholder information

Accompanying reports

Creating Shared Value and Rural Development Summary Report 2010

Corporate Governance Report 2010; 2010 Financial Statements

The brands in italics are registered trademarks of the Nestlé Group.

Key figures (consolidated)

E I

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In millions of CHF (except per share data) Sales EBIT (Group) Earnings Before Interest, Taxes, restructuring and impairments as % of sales EBIT (Continuing operations) Earnings Before Interest, Taxes, restructuring and impairments as % of sales (Continuing operations) Profit for the year attributable to shareholders of the parent Net profit (a) as % of sales as % of average equity attributable to shareholders of the parent Capital expenditure as % of sales Equity attributable to shareholders of the parent before proposed appropriation of profit of Nestlé S.A. Market capitalisation, end December Operating cash flow Free cash flow (b) Net financial debt Ratio of net financial debt to equity (gearing) Per share Total basic earnings per share (a) Underlying (c) Equity attributable to shareholders of the parent before proposed appropriation of profit of Nestlé S.A. Dividend as proposed by the Board of Directors of Nestlé S.A. (a) 2010 figure is not comparable as it includes a one-off gain on the disposal of the remaining interest in Alcon. (b) Operating cash flow less capital expenditure, disposal of tangible assets, purchase and disposal of intangible assets, movement with associates as well as with non-controlling interests. (c) Profit per share for the year attributable to shareholders of the parent before impairments, restructuring costs, results on disposals and significant one-off items. The tax impact from the adjusted items is also adjusted for. (d) ROIC calculation was amended in 2009 following changes in segment reporting. 2008 figures have been restated accordingly.

2009 107 618 15 699 14.6% 13 222 13.1% 10 428 9.7% 20.9% 4 641 4.3% 48 915 174 294 17 934 12 369 18 085 37.0%

2010 109 722 16 194 14.8% 14 038 13.4% 34 233 31.2% 61.8% 4 576 4.2% 61 867 178 316 13 608 7 761 3 854 6.2%

N I

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D I

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0 CHF CHF CHF CHF 2.92 3.09 13.69 1.60 10.16 3.32 18.35 1.85

C I

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EBIT (Group) In millions of CHF 16 000 15 000 14 000

EBIT margin In % 14 12 10

13 302 2006

15 024 2007

15 676 2008

15 699 2009

16 194 2010

Continuing operations Group

– 13.5 2006

– 14.0 2007

– 14.3 2008

13.1 14.6 2009

13.4 14.8 2010

Net profit (a) In millions of CHF 30 000 20 000 10 000

Earnings per share In CHF 9.00 6.00 3.00

9 197 2006

10 649 2007

18 039 2008

10 428 2009

34 233 2010

Underlying (c) Total (a)

2.41 2.39 2006

2.80 2.78 2007

2.82 4.87 2008

3.09 2.92 2009

3.32 10.16 2010

Dividend per share In CHF 1.80 1.20 +15.6% 0.60 +17.3% +14.8% +14.3% +15.6%

Total cash returned to shareholders In billions of CHF 15 10 5

1.04 2006

1.22 2007

1.40 2008

1.60 2009

1.85 2010

Share Buy-Back Dividend

2.7 3.5 2006

4.4 4.0 2007

8.7 4.6 2008

7.0 5.0 2009

10.1 5.4 2010

Capital expenditure In millions of CHF 5 000 4 250 3 500

Return on invested...
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