Eroad Limited · NZX:ERD
Eroad — Non-Deal Roadshow (May 2024)
16 slides from Eroad's roadshow presentation, May 7, 2024
Slide 1: EROAD 2024 Corporate Governance Roadshow
EROAD 2024 Corporate Governance Roadshow AUCKLAND, 7 May 2024: Transport technology services company EROAD Limited (NZX/ASX: ERD) attaches a copy of the Corporate Governance Roadshow presentation that will be presented to investors in the coming weeks by Susan Paterson - Board Chair, Sara Gifford -
Slide 2: EROAD Governance Roadshow
May 2024 For personal use only EROAD Governance Roadshow Susan Paterson, EROAD Chair Sara Gifford, Director Ksenija Chobanovich, General Counsel and Company Secretary 1
Slide 3: Important Information
IMPORTANT INFORMATION The information in this presentation is of a general nature and does not constitute financial product advice, investment advice or any recommendation. Nothing in this presentation constitutes legal, financial, tax or other advice. This presentation may contain projections or fo
Slide 4: FY24 Highlights
FY24 Highlights FY24 Free Cash Flow Board renewal Sustainability For personal use only Guidance EROAD expects to be Free Two new directors joined Developed and launched decarbonisation Cash Flow positive in the latter the Board in FY24 dashboards to help our customers measure part of calendar 2024 a
Slide 5: Our Board
Our Board • Cameron Kinloch, a North America based director, joined the Board in March 2024 For personal use only • David Green, a New Zealand based director, joined the Board in SUSAN PATERSON1,2,4 BARRY EINSIG2,3 DAVID GREEN1,2,4 Chair, Independent Independent Director August 2023 Director Appoint
Slide 6: Ensuring we have the right skills around the board table
Ensuring we have the right skills around the board table BOARD SKILLS At Board level, diversity allows EROAD to benefit from a range of different perspectives that and Cameron Kinloch bring listed company and finance / risk experience. Sara Gifford, Barry Einsig, collectively lead to healthier debat
Slide 7: FY24 a year of Activity
FY24 a year of Activity • Board renewal undertaken: • David Green joined the Board effective 1 August 2023 • Cameron Kinloch joined the Board effective 28 March 2024 • EROAD's founder, Steven Newman, joined the Board’s Technology Committee as a consultant For personal use only • Executive team chang
Slide 8: What's on the Board's agenda for FY25?
What’s on the Board’s agenda for FY25? For personal use only • Continuing to focus on repositioning the business, driving operational Performance Compliance Focused on the leverage and a pathway to growth. big picture • Co-CEO Partnership to drive focus on Measuring the right things, Driven by purpo
Slide 9: Structure of Board / Subcommittees
Structure of Board / Subcommittees Replaced the Remuneration, Talent and Nominations SHAREHOLDERS Committee with two separate committees - People and Culture Committee and EROAD BOARD Nominations Committee For personal use only during FY24 • Strategic Direction • Health & Safety • Governance Framewo
Slide 10: Director fees
Director fees EROAD DIRECTOR FEES4,5 $900,000 • When determining director fees, $800,000 EROAD considers the median director fee levels for comparable listed $700,000 companies in New Zealand • To attract appropriately qualified $600,000 For personal use only overseas candidates, EROAD pays based on
Slide 11: FY24 Remuneration Outcomes
FY24 Remuneration Outcomes FIXED REMUNERATION LONG TERM INCENTIVES Co-CEO Mark Heine: Co-CEO Mark Heine: • appointed as CEO in June 2022 and Co-CEO from March 2024. • FY23 LTI Grant: performance share rights were issued (for nil consideration) For personal use only • base salary of $700,000 pa9 to p
Slide 12: FY25 Remuneration Framework
FY25 Remuneration Framework EROAD’s FY25 Remuneration Framework • EROAD intends to adopt the new NZX Remuneration Reporting Template for FY24. EROAD’s FY24 remuneration FIXED REMUNERATION report will be included in the Annual Report expected to be For personal use only published at the same time as
Slide 13: FY25 Remuneration Framework CONTINUED
FY25 Remuneration Framework CONTINUED… LONG-TERM AWARD PORTION OF VESTING MECHANICS RATIONALE WEIGHTINGS PERFORMANCE RANGE INCENTIVES TYPE TOTAL INTENTIONS Time Vested 1/3 Vests 100% at the end of three Supports retention and 100% 0% (if not achieved) Up to 100% of each Co-CEO’s base salary Units ye
Slide 14: Executive Team FY25
Executive Team FY25 • Increase investment and focus on key roles and organisational design • Appointment of Co-CEO David Kenneson MARK HEINE DAVID KENNESON MARGARET WARRINGTON Co-Chief Executive Officer Co-Chief Executive Officer Chief Financial Officer • Appointment of Chief Technology Officer, eff
Slide 15: Sustainability Initiatives
Sustainability Initiatives • Sustainability Committee, led by the Chief Sustainability Officer, driving key sustainability initiatives. For personal use only • New sustainability products launched in FY24: -Sustainability Module for our NZ customers. Includes reports and six dashboards aiding in emi
Slide 16: For further information please contact
For personal use only For further information please contact: Global Head Office North American Australia Office and ANZ Headquarters Head Office Ksenija Chobanovich, General Counsel Ksenija.chobanovich@eroad.com • 027 2032555 260 Oteha Valley Road, Level 1, 1-5 Link Road, Zetland 15110 Avenue of Sc