Dba Sempra · NYSE:SRE
Dba Sempra — Sempra Energy — Shareholder Meeting (May 2016)
12 slides from Dba Sempra's shareholder meeting presentation, May 2, 2016
Slide 1: 2016 Corporate Governance & Executive Compensation Update
Spring 2016 2016 Corporate Governance & Executive Compensation Update *The following information supplements the proxy statement of Sempra Energy filed with the Securities and Exchange Commission on March 25, 2016 (“Proxy Statement”), and should be read in conjunction with such Proxy Statement.
Slide 2: Business Overview
Business Overview Our Business Sempra Energy is an energy services holding company. Our business units invest in, develop and operate energy infrastructure, and provide gas and electricity services to our customers in North and South America Our companies include: Southern California Gas Company (Ca
Slide 3: Performance Update: Delivering Strong Long-Term Performance
Performance Update Delivering Strong Long-Term Performance 2015 was a challenging year in the energy infrastructure business, and stocks dropped sharply across the sector as a result of weakness in oil & gas markets Although Sempra’s one-year TSR lagged the market, our long-term TSR, EPS and dividen
Slide 4: Empowered Independent Oversight (Board of Directors)
William Rusnack (2001) Lead Independent Director Former President & CEO, Premcor Debra Reed (2011) Chair & CEO, Sempra Energy Alan Boeckmann (2011) Former CEO & Chair, Fluor Corp. William Rutledge (2001) CEO, AquaNano Kathleen Brown (2013) Partner, Manatt, Phelps & Phillips Lynn Schenk (2008) Privat
Slide 5: Shareholder Engagement and Governance
Shareholder Engagement and Governance Shareholder Engagement Understanding the viewpoints of our shareholders and incorporating their feedback is a critical component of our corporate governance philosophy Within the past year, we engaged with shareholders representing over 40% of our shares outstan
Slide 6: Compensation Plan Fosters Alignment
Compensation Plan Fosters Alignment For annual bonus plan purposes, “earnings” is defined as Sempra Energy Net Income, excluding earnings attributable to non-controlling interests. Adjustments are determined by the Compensation Committee at the beginning of the year and are described on pg. 40 of ou
Slide 7: CEO Compensation Targeted at Median
CEO Compensation Targeted at Median Increased 15% on a GAAP basis. For a reconciliation of Adjusted and GAAP Earnings Per Share Growth Rates, please see Appendix A of this presentation. In December 2014, the Compensation Committee aligned 2015 CEO target compensation with the peer group median to re
Slide 8: Performance-Based LTIP with Rigorous Metrics
Performance-Based LTIP with Rigorous Metrics CEO equity compensation is 100% performance-based and utilizes challenging goals to drive industry-leading performance TSR (80% weighting) EPS CAGR (20% weighting) Performance Measure Shares Received for Each RSU Cumulative TSR vs. S&P 500 1.0 Share Earne
Slide 9: Historical Payouts Demonstrate Alignment
Historical Payouts Demonstrate Alignment Total $9.1M CEO's TSR-Based LTI Awards: 2014-2015 as of 12/31/15 Dollars in Millions 2011 and 2012 Award TSR Performance & Payouts LTIP payouts reflect Sempra’s strong performance over the long-term; outstanding awards reflect recent challenges for the energy
Slide 10: Strong Compensation Governance Practices
Strong Compensation Governance Practices What we do: Incorporate shareholder feedback in our compensation program design Multiple performance measures in LTIP and STIP LTIP includes “double trigger” equity vesting Clawback policy in place Stock ownership requirements in place (6x base pay for CEO, 5
Slide 11: Appendix A
Appendix A ) cy Sempra Energy
Slide 12: Reconciliation of Non-GAAP Financial Measures
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (unaudited)1 Years ended December 31 (Dollars in millions, except per share amounts) 2010 2011 2012 2013 2014 2015 Sempra Energy GAAP Earnings $ 709 $ 1,331 $ 859 $ 1,001 $ 1,161 $ 1,349 Exclude: Gain on sale of Mesquite Power block 2 - - - - - (36) SONG