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Box CH-4002 Basel Switzerland www.syngenta.com Syngenta Annual Review 2009 2009 Annual Review Bringing plant potential to life Syngenta is one of the world’s leading com than 25,000 employees in over 90 countr purpose: Bringing plant potential to life. W Crop Protection and Seeds, we contribut global challenges. Our challenge A growing population with an increasing demand for food is putting pressure on limited natural resources such as soil and water. To meet this challenge the world needs to grow more from less. For more information, see page 8 For the business year 2009, Syngenta has published three reports: Annual Review (incorporating the Corporate Responsibility Report), Financial Report and Corporate Governance Report. All documents were originally published in English. The Annual Review 2009 and the Corporate Governance Report 2009 are also available in German. These publications are also available on the Internet: www.syngenta.com/ar2009 Syngenta International AG, Basel, Switzerland. All rights reserved. Editorial completion: February 2010 Cautionary statement regarding forward-looking statements: This document contains forwardlooking statements, which can be identified by terminology such as “expect”, “would”, “will”, “potential”, “plans”, “prospects”, “estimated”, “aiming”, “on track” and similar expressions. Such statements may be subject to risks and uncertainties that could cause the actual results to differ materially from these statements. We refer you to Syngenta’s publicly available filings with the US Securities and Exchange Commission for information about these and other risks and uncertainties. Syngenta assumes no obligation to update forward-looking statements to reflect actual results, changed assumptions or other factors. This document does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer, to purchase or subscribe for any ordinary shares in Syngenta AG, or Syngenta ADSs, nor shall it form the basis of, or be relied on in connection with, any contract therefor. Consultancy, design and production: Radley Yeldar, London, UK Consultancy: Context, London, UK Printing: NZZ Fretz AG, Zürich, Switzerland Printed on Hello Silk, made with wood fiber from managed forests and manufactured at a mill that has achieved the ISO14001 and EMAS environmental management standards. Photo of World Economic Forum on page 3 courtesy of WEF. Photos on pages 8 and 9: Alexander Müller courtesy of IISD/Earth Negotiations Bulletin; Achim Steiner courtesy of Keystone; Juergen Voegele © Simone D, McCourtie/World Bank ® Registered trademarks of a Syngenta Group Company ™ Trademarks of a Syngenta Group Company Our contribution Increasing yields through technology For more information, see page 10 Improving crop quality For more information, see page 12 The SYNGENTA Wordmark, BRINGING PLANT POTENTIAL TO LIFE and the Purpose icon device are trademarks or registered trademarks of a Syngenta Group Company. www.syngenta.com Contents Our approach Highlights in 2009 Chairman’s letter Chief Executive Officer’s letter Global challenges Our contribution 01 02 04 06 08 10 Crop Protection Seeds Lawn and Garden Research and Development People Operations 18 22 26 28 30 32 Article number 016827.040 Annual Review 2009 Visit our online Annual Report at www.syngenta.com/ar2009 Strategic goals Drive land productivity through innovation Maximizing land productivity while conserving scarce resources such as water. Corporate Responsibility Create new businesses Bringing together Syngenta Flowers and Professional Products to serve the specific needs of Lawn and Garden customers. Sustainable agriculture We aim to contribute to food security and sustainable agriculture by helping farmers improve yields on existing land, conserve valuable natural resources such as soil and water and preserve biodiversity. Environment We aim to minimize the environmental impacts of our operations throughout the life of our products – from research and development to manufacture, use and disposal. Build leadership in plant performance Offering full crop programs and solutions to increase crop vigor and yield as well as control pests. Maintain cost efficiency Targeting annualized operational efficiency savings of $290 million by 2011 to enable continued investment in growth initiatives. Product stewardship We aim to ensure the safety of our employees, customers and consumers by setting strict safety standards in our operations and promoting the safe and effective use of our products by farmers around the world. Business ethics Our Code of Conduct commits us to maintain the highest ethical standards in everything we do, and we encourage employees to report any suspected violations. Capitalize on Seeds investment Expanding our sales of both genetically modified and conventional seeds to achieve a significant increase in Seeds profitability over the medium term. Outperform the industry Building on the breadth of our business, spanning Crop Protection, Seeds, Traits and Seed Care, to provide a unique offer of integrated crop technology. Expand in emerging markets Through significant investments in people, portfolio and supply chain. People and communities We respect our diverse workforce and aim to help each of our people develop their talent. We aim to benefit rural communities where we operate by helping farmers improve productivity. Financial and business performance 2009 Sales1 Corporate Responsibility performance 2009 Number of farmers trained To ensure that farmers around the world achieve the best results with our products, we regularly hold training sessions on the safe and effective use of our products. $11bn Earnings per share2 09 08 07 10.99 11.62 9.24 Crop Protection Syngenta offers a leading range of Crop Protection and Seed Care products that help growers control weeds, prevent disease and protect their crops from insects. Crop Protection sales decreased by 2 percent1 to $8.5 billion in 2009. Crop Protection sales1,5 09 08 07 8,491 9,231 7,285 Environment We are committed to reducing the environmental emissions necessary to produce our products. Increased resource efficiency in our main production sites has ensured that we are on track to reach our global reduction target by 2012. CO2e kg /$EBIT1 09 08 07 0.76 0.75 0.93 +1% (CER) 09 08 07 15.76 16.26 11.45 $15.76 Free cash flow 3 Number of people trained –3% 09 08 07 580 761 802 $8.5bn Seeds 6.00 6.00 –2% (CER) For more information, see page 18 For more information, see page 33 3.9m People 09 08 07 3.9 2.4 3.2 0.76 For more information, see page 33 $580m Dividend per share 4 –24% 09 08 07 Health and safety Our target is to maintain an injury and illness rate (IIR) below 0.5 per 200,000 hours worked. In 2009, the IIR dropped to 0.42 and 76 percent of our sites had no recordable injuries and illnesses. Injury and illness rate 09 08 07 0.42 0.50 0.49 CHF6.00 4.80 Syngenta develops high-quality seeds that help growers boost yields and quality in a wide range of crops. Seeds sales in 2009 rose by 13 percent1 to $2.6 billion, and the EBITDA margin climbed to 9.5 percent. Seeds sales We employ more than 25,000 people in over 90 countries. This rich cultural diversity is also reflected in the composition of our senior management, with 24 nationalities represented. Nationalities in senior management 09 08 07 24 22 17 0% $2.6bn 09 08 07 2,564 2,442 2,018 +13% (CER) For more information, see page 22 For more information, see page 31 24 0.42 For more information, see page 33 Lawn and Garden The new Lawn and Garden business offers a range of plant health solutions for consumers and professional growers. It comprises Professional Products and Flowers Seeds, which are reported under Crop Protection and Seeds, respectively. For more information, see page 26 1 2 3 4 5 Growth at constant exchange rates (CER) Fully diluted excluding restructuring and impairment For a definition of free cash flow, see page 44 Subject to shareholder approval at the Annual General Meeting on April 20, 2010 Including inter-segment sales 1 Excluding restructuring and impairment pp IFC-Foldout In the introductory foldout, the Company clearly defines their vision of ‘bringing plant potential to life’ and the challenge the Company faces in meeting this. A clear outline of their strategic goals is presented alongside quantitative performance trend data and operational highlights. www.blacksunplc.com © Black Sun Plc 2011 9
