American Express Company · NYSE:AXP
American Express — Shareholder Meeting (April 2019)
14 slides from American Express's shareholder meeting presentation, Apr 22, 2019
Slide 1: American Express 2019 Investor Presentation
American Express 2019 Investor Presentation April 2019
Slide 2: 2018 Performance Year Highlights
(1) Total revenues net of interest expense on an FX - adjusted basis is a non - GAAP measure. FX - adjusted information assumes a constan t exchange rate between the periods being compared for purposes of currency translation into U.S. dollars (i.e., assumes the foreign exchange rates used to determ
Slide 3: World Class Board with Deep Expertise and Independence
World Class Board with Deep Expertise and Independence *3 new independent directors added since 2016 STEPHEN SQUERI Chairman and CEO, American Express (2018) DANIEL VASELLA Honorary Chairman and Former Chairman and CEO, Novartis AG (2012) CHARLENE BARSHEFSKY Senior International Partner, WilmerHale
Slide 4: Diverse Board
Diverse Board GENDER 2 female ETHNICITY 3 minorities GEOGRAPHIC LOCATION 2 reside outside U.S. DIRECTOR INDEPENDENCE 10 independent Diversity of Viewpoints Core Business, Operations and Management Expertise Senior Management and Leadership Skills Technology and Cybersecurity Experience Government, L
Slide 5: Responsiveness to 2018 Say on Pay Vote
Responsiveness to 2018 Say on Pay Vote What we heard What we did Support for formulaic AIA, but some shareholders noted complexity due to use of multiple scorecards x Simplified AIA design such that executives’ annual incentives are now based on a single Company scorecard Support for ROE as a Perfor
Slide 6: Compensation Program Supports Strategic Goals
Compensation Program Supports Strategic Goals Element Performance Measures Key Features and Developments Base Salary • Corresponds to experience and job scope Annual Incentive Award • Shareholder (55%) • Customer (15%) • Colleague (15%) • Strategic Imperatives (15%) x Aggressive financial and busine
Slide 7: Redesigned Long-Term Incentive Award
x Performance shares payout is tied to 3 - year ROE and TSR performance against a relevant peer set, with a 3 - year vesting period x Requires top - quartile ROE performance to be earned at target ▪ Below - 25th percentile ROE results in no payout x Above - target payouts are contingent on TSR perfo
Slide 8: Corporate Governance Highlights
Corporate Governance Highlights Shareholder Rights x Shareholders representing >25% of outstanding shares are able to call special meetings x Proxy access rights x Annual election of directors x Majority voting for directors Board Structure, Independence and Oversight x Strong Lead Independent Direc
Slide 9: CSR Governance Structure and 2018 Highlights
CSR Governance Structure □ Our executive management holds the ultimate responsibility for our CSR progress and success; these leaders review and evaluate ESG key performance indicators and long - term goals within their business units □ At the Board level, the Public Responsibility Committee reviews
Slide 10: Serving our Colleagues
Serving our Colleagues *All other factors being equal (i.e., role, skills, competencies, and performance). We have a robust program in place to assess and manage human capital priorities, which we define as talent - related opportunities linked to business outcomes □ We have developed a Global Diver
Slide 11: We value your support at our 2019 Annual Meeting
We value your support at our 2019 Annual Meeting Proposal Board Recommendation Election of all director nominees FOR all Ratification of Appointment of Independent Registered Public Accounting Firm FOR Advisory Resolution to Approve Executive Compensation (Say on Pay) FOR Shareholder Proposal: Actio
Slide 12: Appendix A: Information Regarding Non-GAAP Financial Measures
Appendix A: Information Regarding Non - GAAP Financial Measures *Assumes a constant exchange rate between the periods being compared for purposes of currency translation into U.S. dollars ( e.g ., assumes 2018 foreign exchange rates apply to 2017 results). **Reflects the impact of changes in the tax
Slide 13: Appendix B: American Express Business Model
Appendix B: American Express Business Model * The growth rate of adjusted total operating expenses, a non - GAAP measure, excludes Visa/MasterCard litigation settlement proce eds, restructuring charges, Business Travel operating expenses, Q2'14 Business Travel JV gain and transaction - related costs
Slide 14: Appendix C
Appendix C Note: Amounts presented represent the most recent publicly reported figures for the respective years. * Represents operating performance of Global Business Travel as reported in 2010 - 2013 and H1’14. Does not include other Global B usiness Travel - related items in the periods indicated