John Deere 2011 Annual Report Download - page 9

9
by Fortune magazine. Deere also was named one of the best
companies to work for in Brazil by a top survey. These are
important acknowledgements of our ability to identify, nurture
and develop top talent.
175 Years of Building for the Future
John Deere is poised for growth and future success. Building
on our strong performance in 2011, the company remains
well-positioned to capitalize on the broad economic trends
that have large-scale potential.
Thanks to the tireless efforts of John Deere employees, dealers
and suppliers throughout the world, our plans for helping
meet the world’s growing need for advanced agricultural and
construction equipment are on track and moving ahead at an
DFFHOHUDWHGUDWH7KLVLVDFKLHIUHDVRQZHUHPDLQVRFRQƟGHQW
about the company’s prospects and our ability to deliver
VLJQLƟFDQWYDOXHWRFXVWRPHUVDQGLQYHVWRUVLQWKH\HDUVDKHDG
For 175 years, John Deere has been setting standards of
achievement. Throughout this time, we have been building for
the future, a future which in our view has never held a greater
measure of promise or opportunity for those with a stake in
our success.
That’s why we say with pride and conviction there has never
been a better time to be associated with John Deere! To all
who share our passion for serving those linked to the land
and our optimism for meeting the challenges that lie ahead,
we express our thanks for your encouragement and support.
On behalf of the John Deere team, December 19, 2 011
Samuel R. Allen
9
DEERE ENTERPRISE SVA (MM)
2011 HIGHLIGHTS
–Aided by healthy global
farm conditions and skillful
execution, earnings increase
50% to $2.8 billion. Sales
and revenues rise by 23%.
–,PSURYHGƟQDQFLDOUHVXOWV
and continued asset discipline
propel SVA (Shareholder
Value Added) to $2.5 billion,
well above previous record
set in 2010.
–Providing basis for further
growth, capital expenditures reach nearly $1.1 billion;
5'H[SHQVHKLWVUHFRUGELOOLRQUHƠHFWLQJLQYHVWPHQW
in engine-emissions technology and new products.
–With goal of providing value directly to shareholders, company
boosts quarterly dividend rate by 17% and repurchases
20.8 million shares.
–Deere listed among 50 most-admired companies by Fortune
magazine and ranked as one of 100 best global brands by a
OHDGLQJEUDQGFRQVXOWLQJƟUP
EQUIPMENT OPERATIONS SVA (MM)
–3URƟWVDQG69$VXUJHWRUHFRUG
OHYHODVDUHVXOWRIKLJKHUSURƟW
and focus on managing assets.
(TXLSPHQWRSHUDWLQJSURƟW
increases to $3.839 billion on
25% sales increase.
–5HƠHFWLQJIDYRUDEOHRYHUDOO
conditions and strong
execution, operating margins
rise to 13%; OROA (Operating Return on Operating Assets)
nears 30%, with inventories valued at standard cost.
–Showing emphasis on global growth, sales outside the U.S.
and Canada jump 38% – and exceed 40% of the company total.
–Increasing its presence in high-growth regions, company
begins work on engine plant in China to supply John Deere
agricultural and construction equipment factories in Asia.
–John Deere Technology Center – India installs virtual reality
ODE0DLQEHQHƟWVDUHVKRUWHUSURGXFWGHYHORSPHQWWLPHV
and lower costs.
–John Deere Power Systems engines receive U.S. EPA Interim
7LHUDQG(86WDJH,,,%HPLVVLRQUHGXFWLRQFHUWLƟFDWLRQV
2009 2010 2011
$64 $1,650 $2,294
2009 2010 2 0 11
$2,527
-$84
$1,714