Coeur Mining, Inc. · NYSE:CDE
Coeur Mining — Shareholder Meeting (May 2022)
36 slides from Coeur Mining's shareholder meeting presentation, May 3, 2022
Slide 1: 2022 Proxy Statement Highlights
2022 Proxy Statement Highlights May 2022
Slide 2: Forward-looking statements
This presentation contains forward‐looking statements within the meaning of securities legislation in the United States and Canada, including statements regarding executive compensation program components and environmental, social and governance (“ESG”) initiatives and expectations regarding Coeur M
Slide 3: Mineral Reserves and Resources
Mineral Reserves and Resources Coeur is subject to the reporting requirements of the Exchange Act and applicable Canadian securities laws, and as a result we report our mineral reserves and mineral resources according to two different standards. U.S. reporting requirements, are governed by Item 1300
Slide 4: Solicitation of proxies notice
In connection with the solicitation of proxies, Coeur filed with the SEC and mailed to stockholders a definitive proxy statement dated March 30, 2022 (the “Proxy Statement”). The Proxy Statement contains important information about Coeur and its 2022 Annual Stockholders’ Meeting. Stockholders are ur
Slide 5: Relevant Terms
Relevant Terms We use the following terms in this presentation and in the Proxy Statement to describe our operations and results, some of which are non-GAAP financial measures. Please see the applicable non-GAAP reconciliation tables in the appendix to this presentation Adjusted EBITDA Earnings befo
Slide 6: 2022 Annual Stockholders' Meeting Voting Matters
2022 Annual Stockholders’ Meeting 6 Voting Matters Proposal Coeur Board Voting Recommendation 1 Election of the 9 directors named in the proxy statement FOR each nominee 2 Ratification of the appointment of Grant Thornton LLP as Coeur’s independent registered public accounting firm for 2022 FOR 3 Ap
Slide 7: Company Overview
Headquartered in Chicago, IL, Coeur Mining (NYSE: CDE) is a well-diversified, growing precious metals producer with a focus on generating sustainable, high-quality cash flow from its North American asset base Company Overview Quality operations & projects Stable jurisdictions Best-in-class corporate
Slide 8: Key Messages
Key Messages Long-Term Growth Focus Transformational Expansion at Rochester High-Impact Exploration Growth Emerging Opportunity at Silvertip Rebuilt Foundation Industry Leader in ESG Positioning for long-term growth and strong returns from its portfolio and pipeline of promising projects in strong m
Slide 9: Company Strategy Targets Organic Growth Opportunities
Company Strategy Targets Organic Growth Opportunities Coeur’s strategy is designed to reposition the Company as America’s premier, growing precious metals company by investing in higher-return exploration, expansion and optimization opportunities from a diversified, North American asset base to gene
Slide 10: Human Capital Management and Culture
Human Capital Management and Culture
Slide 11: Recent ESG Accomplishments
Recent ESG Accomplishments CO2 eq. intensity reduction to 10 kg CO2 eq. / ton processed from base-year measurement of 14. For more information on MSCI ESG Ratings, please visit https://www.msci.com/notice-and-disclaimer. Coeur is committed to being an industry leader in its ESG practices, exemplifie
Slide 12: Qualified, Diverse Board Nominees
Qualified, Diverse Board Nominees Our Board, which includes a diverse mix of tenures, experiences and skills, is led by an independent chairman, and eight of nine directors are independent
Slide 13: Qualified, Diverse Board Nominees (cont.)
Qualified, Diverse Board Nominees (cont.)
Slide 14: Governance & Executive Comp. Continuous Improvement
Governance & Executive Comp. Continuous Improvement National Association of Corporate Directors
Slide 15: 2021 Performance Highlights
2021 Performance Highlights See non-GAAP reconciliation tables in the appendix to this presentation. In 2021, we delivered strong financial and operating results while advancing key strategic initiatives to unlock long-term value for stockholders. The health and safety of our employees and the commu
Slide 16: 2021 Executive Compensation Philosophy
2021 Executive Compensation Philosophy (1) The three internal performance share metrics are subject to a relative TSR modifier that adjusts payouts +/- 25% for top or bottom quartile performance compared to peers. (2) Tied to achievement of Rochester and Silvertip expansion project milestones (split
Slide 17: 2021 Executive Compensation Practices
2021 Executive Compensation Practices
Slide 18: 2021 CEO Compensation Tied to Stockholder Returns
2021 CEO Compensation Tied to Stockholder Returns 57% of compensation linked to stock performance (Based 100% on Company Performance)
Slide 19: 2021 Compensation Results Aligned with Performance
2021 Compensation Results Aligned with Performance
Slide 20: 2021 Compensation Results Aligned with Performance (cont.)
2021 Compensation Results Aligned with Performance (cont.)
Slide 21: 2021 Executive Compensation – Realized Pay
2021 Executive Compensation – Realized Pay Coeur’s multiyear performance-linked pay aligned with stockholder returns Our NEO compensation program is structurally designed to be a strong performance-based program. In the case of the CEO, 81% of his target compensation is structured to be delivered th
Slide 22: 2021 Executive Compensation – Realizable Pay
2021 Executive Compensation – Realizable Pay Coeur’s realizable pay aligned with stockholder returns Realizable pay measures the compensation value that could be realized by executives over a given time period, taking into account the change in Company stock price during that time and whether perfor
Slide 23: Continued Strong Stockholder Engagement in 2021
Continued Strong Stockholder Engagement in 2021 References to “materiality” here should not be construed as a characterization of the materiality or financial impact of that information with respect to our company. What we heard from stockholders What we did Continue to enhance ESG profile, initiati
Slide 24: Continued Strong Stockholder Engagement in 2021 (cont.)
Continued Strong Stockholder Engagement in 2021 (cont.) What we heard from stockholders What we did Link executive compensation program to driving long-term stockholder value ► Made 100% of the core measures of our performance share program drivers of stockholder value, with metrics tied to growth i
Slide 25: Risk Oversight
Risk Oversight The Board is responsible for overseeing management’s mitigation of major risks facing Coeur, including, but not limited to: In addition, the Board has delegated oversight of certain categories of risk to the Audit Committee, the Environmental, Health, Safety and Corporate Responsibili
Slide 26: ESG Highlights
ESG Highlights
Slide 27: What Matters to Coeur
What Matters to Coeur In 2021, Coeur refreshed its material issues list through a comprehensive double materiality and risk/opportunity approach, incorporating internal and external stakeholder input. The following list includes material environmental, social and governance issues that matter to Coe
Slide 28: Coeur Diversity Details
Coeur Diversity Details Note: Information as of December 31, 2021. Currently 20% of U.S. employees are from racially diverse backgrounds (Asian/Pacific Islander, Black, Hispanic, Native American and two or more races). Gender Diversity 12% Female (up from 10% in 2020) 66% Females are Supervisors and
Slide 29: Safety is a Foundational Element of Coeur's Culture
Safety is a Foundational Element of Coeur’s Culture Coeur’s vision for safety is to continuously enhance its culture by working free of any uncontrolled exposures. The Company believes that safety does not truly improve unless exposure is controlled, reduced or eliminated CORESafety System Received
Slide 30: Industry-Leading Safety Performance
Industry-Leading Safety Performance Coeur has been certified in the National Mining Association’s CORESafety program since 2017 and completed its recertification in July 2021 Lost-Time Injury Frequency Rate Source(s): U.S. Department of Labor Mine Safety and Health Administration (MSHA): Metal Opera
Slide 31: Precious Metals Are Core to Everyday Life
Coeur is an important part of the supply chains for gold and silver. Due to their unique properties, gold and silver have countless innovative uses that shape the way we live today and enable a more sustainable, healthier tomorrow Precious Metals Are Coeur to Everyday Life Source: Mining Association
Slide 32: Appendix
Appendix
Slide 33: Executive Leadership
Executive Leadership Mitchell J. Krebs – President and Chief Executive Officer. During his twenty-year tenure with Coeur, Mr. Krebs has led nearly $2 billion in capital raising and debt restructuring activities and has facilitated over $2 billion of acquisitions and divestitures. Mr. Krebs was previ
Slide 34: Board of Directors
Board of Directors Robert E. Mellor – Independent Chairman of the board of Monro, Inc. (auto service provider) since June 2017, and appointed Interim Chief Executive Officer from August 2020 to April 2021. Previously Mr. Mellor was lead independent director from April 2011 to June 2017 and a member
Slide 35: Board of Directors (cont.)
Board of Directors (cont.) Jessica L. McDonald – Ms. McDonald has extensive leadership experience in both the public and private sectors and currently serves as a member of the Boards of Directors of GFL Environmental Inc. and Hydro One Limited. She served as the President and Chief Executive Office
Slide 36: Contact Information
Contact Information Corporate Office Coeur Mining, Inc. 104 S. Michigan Ave., Suite 900 Chicago, IL 60603 Main Telephone +1 (312) 489-5800 Stock Ticker CDE: NYSE Website www.coeur.com Contact Jeff Wilhoit Director, Investor Relations investors@coeur.com NYSE: CDE 36