Nestle Annual Report

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rising above



...through innovation & renovation

Our 2008 Annual Report was themed “A Journey to Wellness” to symbolise the beginning of our journey towards Nutrition, Health and Wellness and in 2009, it was themed “Inspiring Nutrition from Nature” to reflect our choice of ingredients derived from nature to produce the best quality products for our consumers. This year’s Annual Report, themed “Rising Above through Innovation & Renovation” illustrates our efforts in delivering the best to our consumers and ensuring that all our stakeholders’ needs are met.

Rising above in our technological innovation and renovation to deliver products that are nutritious, tasty, convenient and of the highest quality to our consumers.

27th Annual General Meeting
Sime Darby Convention Centre, 1A Jalan Bukit Kiara 1, 60000 Kuala Lumpur on Thursday, 21 April 2011 at 10.00 a.m.

12 18 28 34 42 44 46 48 49 56 60 82 84 86 88
Chairman’s Statement MD’s Business Review What’s New Highlights 2010 Nestlé in the News What Creating Shared Value Means to Us Board of Directors Corporate Data Profile of Directors Management Team Corporate Governance Statement Statement on Internal Control Audit Committee Report Terms of Reference of the Audit Committee Notice of Annual General Meeting

Proxy Form


What Creating Shared Value Means to Us

12 18 34
Highlights 2010 MD’s Business Review

Chairman’s Statement

28 42

What’s New

Nestlé in the News


Board of Directors


Management Team

MILO chocolate malt drink provides the nutritional goodness of malted barley. It has PROTOMALT, a malt extract which provides complex carbohydrates that give a source of energy to go further.

Kids enjoying their favourite MILO drink, loading up on energy and chocolate goodness before rollerblading.

Youths getting a healthy boost with their favourite Nestlé products – NESTLÉ BLISS Yogurt Drink, KIT KAT wafer and NESTLÉ Fat Free Yogurt.

The new NESTLÉ BLISS Yogurt Drink comes with Inulin (fibre). When combined with the goodness of Live Cultures, Inulin helps maintain a good digestive system. All NESTLÉ BLISS Yogurt Drinks contain no artificial colouring.

Choosing your favourite MAGGI TASTYLITE Atta noodle makes each meal healthy and fun for the entire family.

Offering consumers a healthier option through MAGGI TASTYLITE Atta noodle innovation, made from wholewheat flour.

Great moments with friends are made even more special with NESCAFÉ coffee.

Coffee is a great pick-me-up liked by many and consumed in various ways. In 2010, we launched the improved NESCAFÉ CLASSIC coffee and NESCAFÉ 3in1 premix coffee, and introduced the new innovative NESCAFÉ MENU premix coffee, offering consumers their coffeeshop favourites such as Ipoh White Coffee, Tarik and NESLO.

We continue with our policies and strategies to reinforce our position as the world’s leading Nutrition, Health and Wellness company.

Chairman’s Statement
Nestlé (Malaysia) Berhad 110925-W

Tan Sri Dato’ Seri Syed Zainol Anwar Jamalullail

Chairman’s Statement

On behalf of the Board of Directors, I am pleased to present the Annual Report of Nestlé (Malaysia) Berhad for the financial year ended 31 December 2010. We started the year on a good note, thanks to the positive growth in the global economy, particularly the significant recovery process of the Malaysian economy. Through proper planning and prudent Government economic policies, we saw the Malaysian economy expanding by 8.1% in the first nine months, and ending with 7.2% growth for the full year.

Bank Negara was very vigilant on the external uncertainties and took the necessary measures in governing its monetary policies to protect and support the country’s economic growth. As a result, the Ringgit performed very well in 2010 and was among the league of notable strong currencies for the year. The New Economic...
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