Aperam S.a. · EURONEXT:APAM
Aperam — Shareholder Meeting (May 2018)
11 slides from Aperam's shareholder meeting presentation, May 9, 2018
Slide 1: Explanatory Presentation
Explanatory Presentation Leadership Team Performance Share Unit Plan submitted to shareholder approval at the Annual General Meeting of May 9, 2018
Slide 2: Agenda
Agenda Background Page 03 - 04 Governance Page 05 Technical highlights Page 06- 07 Definitions and peer group Page 08 Fictive example Page 09 Historical TSR Data for information purposes in fictive example Page 10 Historical EPS Data for information purposes in fictive example Page 11 2
Slide 3: Background
Background Since the creation of Aperam, several initiatives have been undertaken to transform Aperam into a more resilient Company, one that is able to operate successfully in all market conditions. This has been successfully achieved by a strong focus on operational excellence, product and service
Slide 4: Background
Background With the objective to continue to retain the highest focus by Senior Management on the long term sustainability and value creation, the Remuneration, Nomination and Corporate Governance Committee reviewed the Long Term Incentive Plan (‘LTIP’) Structure for the Members of the Leadership Te
Slide 5: Governance
Governance Leadership Team Performance Share Unit Plan The Leadership Team Performance Share Unit Plan ● The Leadership Team Performance Share Unit Plan (the “LT PSU Plan”) is designed to enhance the long-term performance of the Company and align the members of our Leadership Team (“LT”) to the Comp
Slide 6: Technical Highlights
Technical Highlights Leadership Team Performance Share Unit Plan Only PSUs for Leadership Team members based on clear and identifiable performance criteria : ● TSR vs. Index based: 50% of the criteria to be met is based on the development of Total Shareholder Return (“TSR”) for Aperam compared to tw
Slide 7: Technical Highlights
Technical Highlights Leadership Team Performance Share Unit Plan Vesting Retirement: ● The LT PSU Plan provides for cliff vesting on the third year anniversary of the grant date, under the condition that the relevant LT member continues to be actively employed by the Aperam group on that date. If th
Slide 8: Definitions and Peer Group
Definitions and Peer Group Leadership Team Performance Share Unit Plan Total Shareholder Return (“ TSR”) is defined as • Share price end of period – Share price start of period + Dividends paid Share price start of period Earnings per Share (“ EPS”) • EPS is defined as the amount of earnings per eac
Slide 9: Fictive example (1)
Fictive example (1) LT PSU Plan submitted to shareholder approval May 9, 2018 Leadership Team Member: ● Base salary: USD 250,000 ● Grant December 2017: Share price USD 50.65 (1) ● Value = 50% i.e. (250,000/50.65) x 0.50 = 2,468 PSUs ● Vesting will only occur if the LT member is still employed by the
Slide 10: TSR data (1)
TSR data(1) Fictive example using historical data Company Industry TSR growth(2) Market capitalisation(3) Aperam Stainless Steel 1.77% 4,402.6 SBF120 Index Index 14.00% NA DAX Index Index 12.35% NA Outokumpu Stainless steel -7.93% 3,839.9 Acerinox Stainless steel 1.94% 3,954.5 ArcelorMittal Carbon s
Slide 11: EPS data (1)
EPS data(1) Fictive example using historical data Company Industry EPS growth(2) Market capitalisation(3) Aperam Stainless Steel 60.64% 4,402.6 Outokumpu Stainless steel 171.43% 3,839.9 Acerinox Stainless steel 183.33% 3,954.5 ArcelorMittal Carbon steel 136.31% 33,311.6 ThyssenKrupp Carbon steel -32