Overview

OUR ANNUAL
INTEGRATED REPORT

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AN ODE
TO NATURE

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VALUE

we created in 2019

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OUR BUSINESS

at a glance

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OUR BUSINESS

model

As a Group, our business model hinges on our ability to secure a competitive advantage and create stakeholder value across our four clusters, each of which seeks to optimise value from the Group’s core assets and activities across the different stages of the sugar value chain.

CHAIRMAN’S

message

It gives me pleasure once again to introduce Terra’s annual Integrated Report, our third successive integrated report developed in accordance with the IIRC’s International <IR> Framework.

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MANAGING DIRECTOR’S

message

“Change is the only constant in life”

This quote from the Greek philosopher Heraclitus, some 2,500 years ago, could not be more relevant today.

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FINANCIAL

review

The Group’s profit this year increased by 19.1% to MUR 380.7 million, up from MUR 319.6 million in 2018, as restated, and after accounting for taxation of MUR 67.1 million in 2019. This performance is mainly attributable to increased profitability of the Brands segment and reduced losses in the Cane segment following higher sugar prices.

MANAGING

our material risks

Risk Management

Terra has a structured and systematic process of identifying and managing all material risks across the Group. During the 2019 financial year, there were no specific risk incidents resulting in significant financial loss to the group or that negatively affected our stakeholders or the economic life of the communities in which we operate.

The principal risks that have a material impact on Terra’s ability to create value at Group level are outlined in the heat map below. Cluster-level risks are shown in their respective operational review on pages 30 to 55.

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OUR STAKEHOLDER

relationships

Our ability to deliver value depends ultimately on the contribution and activities of a range of different stakeholders, and on the nature and quality of the relationship that we have with these stakeholders at both a Group and individual cluster level. There are many various stakeholders who have an interest in, and who can exert some influence over our decisions and activities. The nature and impact of these different stakeholder relationships vary significantly between each of our clusters.

 

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TERRA'S STAKEHOLDERS MAP