FINANCIAL
HIGHLIGHTS

TOTAL SEGMENT EBIT, ADJUSTED(1)(2)

(US$ in millions)


(1) Total segment earnings before interest and tax (“EBIT”) and return on invested capital (“ROIC”) are non-GAAP financial measures. Reconciliations to the most directly comparable U.S. GAAP financial measures are presented below.
(2) Excludes discontinued operations and adjusted for certain gains & charges.



RETURN ON INVESTED CAPITAL(1)

(percentage)

  • Excludes discontinued operations and adjusted for certain gains & charges
  • Excludes discontinued operations, adjusted for certain gains & charges and excludes Sugar & Bioenergy

(1) Total segment earnings before interest and tax (“EBIT”) and return on invested capital (“ROIC”) are non-GAAP financial measures. Reconciliations to the most directly comparable U.S. GAAP financial measures are presented below.



EARNINGS PER SHARE—DILUTED, ADJUSTED(2)

(US$)


(2) Excludes discontinued operations and adjusted for certain gains & charges.



CASH DIVIDENDS DECLARED PER COMMON SHARE

(US$)

TOTAL SEGMENT EBIT RECONCILIATION

Year Ended December 31,
(US$ in millions)
2012 2013 2014
Total segment EBIT, adjusted $1,109 $1,291 $1,206
Certain gains & charges (481) 38 (250)
Interest income 53 76 87
Interest expense (294) (363) (347)
Income tax (expense) benefit 6 (904) (249)
Income (loss) from discontinued operations, net of tax (342) 97 32
Noncontrolling interests’ share of interest and tax 13 71 36
Net income (loss) attributable to Bunge $64 $306 $515

ROIC RECONCILIATION

Year Ended December 31 2012 2013 2014
(US$ in millions) Excludes certain gains & charges Excludes certain gains & charges Excludes certain gains & charges and Sugar & Bioenergy Excludes certain gains & charges Excludes certain gains & charges and Sugar & Bioenergy
Income (loss) from continuing operations before income tax $372 $1,014 $1,014 $734 $734
Interest expense 294 363 363 347 347
Certain gains & charges 481 (38) (38) 250 250
Sugar & Bioenergy EBIT     34   35
Operating income before income tax $1,147 $1,339 $1,373 $1,331 $1,366
 
Tax rate 19% 30% 30% 28% 26%
Return $929 $944 $968 $965 $1,011
 
Average total capital(1) $17,197 $16,179 $13,145 $14,639 $12,058
 
ROIC 5.4% 5.8% 7.4% 6.6% 8.4%

(1) Trailing four-quarter average of total equity plus total debt.