2010 Report to shareholders and society Introduction Message to shareholders and society p. 3 2010 Highlights of 2010 p. 5 Key figures p. 6 Introduction of Vision 2015 p. 8 Umicore Economic Report p. 12 Economic and financial review p. 14 Share information p. 18 Segment overviews p. 20 Environmental Report p. 36 Group environmental performance analysis p. 39 Group environmental objectives 2006-2010 p. 45 Social Report p. 52 Human Resources p. 55 International presence and workforce p. 56 2010 people survey p. 58 Group social objectives 2006-2010 p. 61 Occupational health and safety p. 69 Overview of sustainable development objectives achievement 2006-2010 p. 74 2010 Financial statements p. 77 Consolidated financial statements p. 78 Notes to the consolidated financial statements p. 82 Parent company summarized financial statements p. 118 Management responsibility statement p. 119 Statutory auditor’s report p. 120 Assurance statement for Environmental, Health, Safety and Social reporting p. 121 Governance Report p. 122 Corporate governance statement p. 122 2010 remuneration report p. 127 Risk management and internal control framework p. 134 Stakeholder relations p. 138 Board, Executive Committee and Senior Management profiles p. 142 Glossary p. 148 GRI Index p. 152 2010 Report to Shareholders Umicore Tel +32 2 227 71 11 Société Anonyme / Naamloze Vennootschap Fax +32 2 227 79 00 VAT BE 0401 574 852 Broekstraat 31 rue du Marais e-mail [email protected] Company Number 0401574852 B-1000 Brussels, Belgium www.umicore.com Registered Office: Broekstraat 31 rue du Marais - B-1000 Brussels - Belgium EN and Society Financial calendar (1) Additional information What we believe Who we are 26 April 2011 Stock General meeting of shareholders (financial year 2010) Euronext Brussels Press-release and trading update for the first quarter of 2011 General information 29 April 2011 Tim Weekes Share traded ex-dividend Phone: 32-2-227.73.98 E-mail: [email protected] We believe that materials have been a key element in furthering the progress of Umicore is a global materials technology group. It focuses on application areas where mankind, that they are at the core of today’s life and will continue to be enablers for its expertise in materials science, chemistry and metallurgy makes a real difference. Its 4 May 2011 Financial information future wealth creation. activities are centred on four business areas: Catalysis, Energy Materials, Performance Payment of dividend starts Geoffroy Raskin Materials and Recycling. Each business area is divided into market-focused business Phone: 32-2-227.71.47 We believe that metal related materials have a vital role, as they can be efficiently and units offering materials and solutions that are at the cutting edge of new technological 4 August 2011 E-mail: [email protected] infinitely recycled, which makes them the basis for sustainable products and services. developments and essential to everyday life. Press-release and interim results for the first half of 2011 Social information We want Umicore to be a leader in providing and creating material based solutions which Umicore generates the majority of its revenues and dedicates most of its R&D efforts to 20 October 2011 Mark Dolfyn contribute to improvements in the quality of life. clean technologies, such as emission control catalysts, materials for rechargeable batteries Press-release and trading update for the third quarter of 2011 Phone : 32-2-227.73.22 and photovoltaics, fuel cells, and recycling. Umicore’s overriding goal of sustainable value E-mail : [email protected] We are committed to the growth of our business through the competence of our people, creation is based on an ambition to develop, produce and recycle materials in a way that 9 February 2012 excellence in operations and technological innovation. fulfils its mission: materials for a better life. Press-release and results for the financial year 2011 Environmental information Bert Swennen We recognize that our commitment to financial success must also take into account the 24 April 2012 broader economic, environmental and social impact of our operations. Phone: 32-2-227.74.45 General meeting of shareholders (financial year 2011) E-mail: [email protected] We subscribe to the following principles in our pursuit of sustainable development: The Umicore approach to materials technology Annual report • We integrate sustainable development considerations within the corporate This report is also available in French and Dutch decision-making process. Internet This report can be downloaded from the Umicore • We implement risk management strategies based on valid data and sound science. application website: www.umicore.com • We seek continual improvement of our environmental performance. know-how Registered office Umicore Rue du Marais 31 • We actively participate in the management and remediation of risks that are the result of historical operations. B-1000 Brussels – Belgium Phone: 32-2-227.71.11 • We facilitate and encourage responsible design, use, re-use, recycling and chemistry Fax: 32-2-227.79.00 disposal of our products. metals material science material Internet: www.umicore.com metallurgy solutions E-mail: [email protected] • We engage with our stakeholders and implement effective and transparent Company Number: 0401574852 communication and independently verified reporting arrangements. VAT No: BE 0401 574 852 • We strive to be a preferred employer of both current and potential employees. Publisher responsible at law Umicore Group Communications recycling • We uphold fundamental human rights and respect those rights in conducting the Tim Weekes Group’s operations throughout the world. Phone: 32-2-227.73.98 E-mail: [email protected] We hold the values of openness, respect, innovation, teamwork and commitment to be crucial to its success. We promote these values and ensure that deficiencies in living up to Production these values are addressed in an appropriate way. Comfi Excerpt from “The Umicore Way” Photographs Umicore, Dimitri Lowette Printing Dereume $" "!"# ! !! " ! ### % ! !# " (1) Dates are subject to change. Please check the Umicore website for updates to the financial calendar. This document has been produced using Heaven 42 Superwhite paper. This paper is produced in a process which is constantly developed to reduce the impact on the environment as much as possible. The mills used to produce the paper are all certified FSC (Forest Stewardship Council) or PEFC (Programme for the Endorsement of Forest Certification Schemes). Financial calendar (1) Additional information What we believe Who we are 26 April 2011 Stock General meeting of shareholders (financial year 2010) Euronext Brussels Press-release and trading update for the first quarter of 2011 General information 29 April 2011 Tim Weekes Share traded ex-dividend Phone: 32-2-227.73.98 E-mail: [email protected] We believe that materials have been a key element in furthering the progress of Umicore is a global materials technology group. It focuses on application areas where mankind, that they are at the core of today’s life and will continue to be enablers for its expertise in materials science, chemistry and metallurgy makes a real difference. Its 4 May 2011 Financial information future wealth creation. activities are centred on four business areas: Catalysis, Energy Materials, Performance Payment of dividend starts Geoffroy Raskin Materials and Recycling. Each business area is divided into market-focused business Phone: 32-2-227.71.47 We believe that metal related materials have a vital role, as they can be efficiently and units offering materials and solutions that are at the cutting edge of new technological 4 August 2011 E-mail: [email protected] infinitely recycled, which makes them the basis for sustainable products and services. developments and essential to everyday life. Press-release and interim results for the first half of 2011 Social information We want Umicore to be a leader in providing and creating material based solutions which Umicore generates the majority of its revenues and dedicates most of its R&D efforts to 20 October 2011 Mark Dolfyn contribute to improvements in the quality of life. clean technologies, such as emission control catalysts, materials for rechargeable batteries Press-release and trading update for the third quarter of 2011 Phone : 32-2-227.73.22 and photovoltaics, fuel cells, and recycling. Umicore’s overriding goal of sustainable value E-mail : [email protected] We are committed to the growth of our business through the competence of our people, creation is based on an ambition to develop, produce and recycle materials in a way that 9 February 2012 excellence in operations and technological innovation. fulfils its mission: materials for a better life. Press-release and results for the financial year 2011 Environmental information Bert Swennen We recognize that our commitment to financial success must also take into account the 24 April 2012 broader economic, environmental and social impact of our operations. Phone: 32-2-227.74.45 General meeting of shareholders (financial year 2011) E-mail: [email protected] We subscribe to the following principles in our pursuit of sustainable development: The Umicore approach to materials technology Annual report • We integrate sustainable development considerations within the corporate This report is also available in French and Dutch decision-making process. Internet This report can be downloaded