Archer Daniels Midland 2010 Annual Report Download - page 2

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Committed. Condent.
To our Shareholders:
In 2010, the ADM team delivered another good year. Our 29,000 employees around the world worked hard each
day to achieve the strong nancial results that ensure we are able to continue serving vital global needs for food
and energy. And, because the need for our food, feed, energy and industrial products is so vital, and will grow with
the growing world population, we worked equally hard to advance our protable growth strategy.
Inspired by our purpose of serving vital needs, our team once again leveraged ADM’s acumen and global asset
network to maximize value, execute strategic acquisitions and complete important capital projects.
And as we look ahead, we commit to growing value for ADM stockholders. Indeed, we have conrmed that
commitment in our Vision for our company: To be the most admired global agribusiness. Creating value. Growing
responsibly. Serving vital needs. Clearly, the creation of value for shareholders leads our aspirations for the
company we are…and the company we intend to be.
Strong Performance in 2010 Serving Vital Needs
During the scal year, we reduced our lost-workday injury rate by 26 percent and our total recordable injury rate
by 9 percent compared with the prior year.
Net earnings reached $1.9 billion, or $3.00 per share—a 15 percent gain over our totals for 2009—while year-
over-year segment operating prot increased nearly a third, to $3.2 billion from $2.5 billion. And, we extended our
uninterrupted string of quarterly dividend payments to 79 years.
Our performance was highlighted by record Oilseeds Processing prot of $1.4 billion. Strong crushing margins
were supported by record demand for North American protein exports. We gained additional prot from the
increased Brazilian biodiesel capacity we brought online to meet growth in South American demand. We also
capitalized on opportunities to protably increase our regional grain-origination business as Brazil and Paraguay
harvested record soybean crops.
Corn Processing results rebounded from a tough 2009. Our decision to increase ethanol merchandising, together
with additional production from our new facilities, helped us achieve double-digit growth in ethanol sales volumes
in an improved margin environment. Amid lower sweetener demand in the United States, we capitalized on new
opportunities in the Mexico market, achieving a signicant increase in sweetener sales in the country.
Our Agricultural Services team executed strongly throughout the year. In the U.S., we handled a large and
logistically challenging crop. Growing world demand for grain also created opportunities, which we captured by
acquiring oceangoing vessels and upgrading our barge eet.