UPS 2012 Annual Report Download - page 9

Download and view the complete annual report

Please find page 9 of the 2012 UPS annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 127

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127

from these trends, and our employees, customers,
communities and shareholders will share in the rewards.
On behalf of the nearly 400,000 employees who are
passionate about running our integrated, highly efficient
business, I thank you for your investment. Managing
it wisely to ensure long-term superior returns is our
number one priority.
D. Scott Davis
UPS 2012 ANNUAL REPORT
07
2013 and Beyond
In 2013, we expect earnings per share to grow
between 6 percent and 12 percent over the adjusted
2012 EPS5. We expect to achieve this growth in spite
of increased pension expenses, unfavorable currency
comparisons, and a mixed global economic outlook.
In line with our focus on increased shareowner
distributions, we raised our 2013 share repurchase
plans from $1.5 billion to $4.0 billion and on
February 14, announced an 8.8 percent increase
in the UPS quarterly dividend.
Looking beyond 2013, we remain committed to our
long-term target of 10 percent to 15 percent growth
in earnings per share. We intend to leverage our human
and financial capital to capture profitable opportunities.
Focusing on the four transformative strategies outlined
above, UPS will seize opportunities in the global
marketplace to support the omni-channel consumer
experience, reverse logistics, offshoring and reshoring
of production, and growth in China and emerging
markets. We have developed an infrastructure to benefit
INTEGRATING TECHNOLOGICAL, MECHANICAL AND
HUMAN FACTORS MAKES PACKAGE DELIVERY MORE
FUEL- AND EMISSIONS-EFFICIENT
8.4
MILLION
GALLONS
AVOIDED
246 MILLION MILES HAVE BEEN
LOGGED BY ALTERNATIVE FUEL AND
ADVANCED TECHNOLOGY VEHICLES
2017—400 million
2011—246 million
2010—200 million
2005—100 million
2000—base year
OF U.S. HIGH-TECH
EXECUTIVES
SURVEYED EXPECT
THEIR COMPANIES
TO EXPORT MORE
PRODUCTS IN THE
NEXT TWO YEARS.
74%