Aperam S.a. · EURONEXT:APAM
Aperam — Shareholder Meeting (May 2017)
10 slides from Aperam's shareholder meeting presentation, May 10, 2017
Slide 1: Explanatory Presentation: Leadership Team Performance Share Unit Plan
Explanatory Presentation Leadership Team Performance Share Unit Plan submitted to shareholder approval at the General Meeting of May 10, 2017
Slide 2: Agenda
Agenda Background Page 03 Key highlights Page 04 Criteria review Page 05 Peer group Page 06 Fictive example Page 08 Historical TSR Data for information purposes in fictive example Page 09 Historical EPS Data for information purposes in fictive example Page 10 2
Slide 3: Background
Background 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 4: Key highlights
Key highlights Key highlights of LT PSU Plan submitted to shareholder approval May 10, 2017 Only PSUs for Leadership Team members based on clear and identifiable performance criteria Criteria: ● 50% of the criteria to be met is based on the development of Total Shareholder Return (“TSR”) compared to
Slide 5: Criteria review
Criteria review LT PSU Plan submitted to shareholder approval May 10, 2017 50% of the criteria to be met is based on the development of TSR. 50% of the criteria to be met is based on the development of EPS. Total Shareholder Return (“ TSR”) 50% of the criteria is based on Total Shareholder Return (“
Slide 6: Peer Group Determination
Peer Group Determination LT PSU Plan submitted to shareholder approval May 10, 2017 Determination of peer group based on correlation and Market capitalization How? 1. On industry classification; 2. On size; 3. On correlation of TSR performance Regular reporting to the shareholders: The Company will
Slide 7: Peer Group Determination
Peer Group Determination LT PSU Plan submitted to shareholder approval May 10, 2017 Determination of peer group based on correlation and Market capitalization (2) Company Industry Market Capitalization(1) Correlation (2) Aperam Stainless Steel 3,560 n/a ArcelorMittal Steel 22,566 0.94 Acerinox Stain
Slide 8: Fictive example (1)
Fictive example (1) LT PSU Plan submitted to shareholder approval May 10, 2017 Leadership Team Member: • Base salary: USD 250,000 • Grant December 2016: Share price USD 45.47 (1) • Value = 45% i.e. (250,000/45.47) x 0.45 = 2,474 PSUs • Vesting will only occur if the LT member is still employed by th
Slide 9: Peer group TSR data
Peer group TSR data(1) Fictive example using historical data Company Industry TSR growth(2) Market capitalisation(3) Aperam Stainless Steel 36% 3,560 ArcelorMittal Steel 136% 22,566 Acerinox Stainless steel 37% 3,646 Outokumpu Stainless steel 218% 3,715 ThyssenKrupp Steel, Stainless steel & downstre
Slide 10: Peer group EPS data
Peer group EPS data(1) Fictive example using historical data Company Industry EPS growth(2) Market capitalisation(3) Aperam Stainless Steel 24% 3,560 ArcelorMittal Steel 118% 22,566 Acerinox Stainless steel 84% 3,646 Outokumpu Stainless steel 52% 3,715 ThyssenKrupp Steel, Stainless steel & downstrea