International Paper Co (IP) 0636年年度报告「NYSE」.pdf

1、2015ANNUAL PERFORMANCE SUMMARY$1.8Baverage free cash flow for last five years$3.65 EPS highest in 20 yearsTRACK RECORD OF STRONG PERFORMANCETRACK RECORD OF STRONG PERFORMANCEFour straight years of double-digit percentage dividend increasesFortunes Magazine“Worlds Most Admired Companies 2016”93 perce

2、nt of International Paper locations completed 2015 without a serious injury Ethisphere Institutes “Worlds Most Ethical Companies”2016 NYSE(New York Stock Exchange):IPInstitutional Investors Magazine“All-America Executive Team 2016”11%return on invested capital International Papers demand for respons

3、ibly sourced wood fiber provides an incentive to landowners to sustainably manage millions of acres of forestland$15.5 million donated to address critical community needs and improve our planet2015ANNUAL PERFORMANCE SUMMARYReturns exceeding cost of capital for six straight yearsFinancial Results We

4、delivered solid financial results fueled by strong performances in our North American industrial packaging business and our Ilim joint venture in Russia.We achieved strong results despite many challenges in 2015:demand for our products was mixed;the strong U.S.dollar weakened the competitiveness of

5、our exports;the Brazilian economy was in recession;and Chinas economy weakened significantly.Facing continued market and economic challenges in China,we sold our 55 percent equity stake in the Sun Paper coated board joint venture,which removed$400 million in debt from our balance sheet,and we announ

6、ced plans to sell our corrugated box business in Asia.We will continue to serve customers in Asia with products from our Ilim joint venture,from the United States,and from other regions.We executed our strategy,enabling us to achieve return on invested capital of 11 percent,well above our cost of ca