Dxc Technology Company · NYSE:DXC
Dxc Technology — Proxy Contest (July 2021)
17 slides from Dxc Technology's proxy contest presentation, Jul 19, 2021
Slide 1: DXC Technology Stockholder Engagement 2021 Annual Meeting
DXC Technology Stockholder Engagement 2021 Annual Meeting
Slide 2: Introduction
Successfully stabilized the business in FY21, including building a people-first strategy that enables us to deliver excellence by paying for performance Delivered value to our stockholders – stock increased 161% during FY21 Refreshed our management team and our Board of Directors to ensure strong go
Slide 3: Agenda
August 2021 Stockholder Engagement 2 Governance and Oversight 3 Responsiveness to Stockholders 1 Transformation Journey – FY21 Performance Achievements Stabilized in FY21 and Building the Foundation in FY22 for Future Growth Agenda 4 Pay-for-Performance – FY21 Executive Compensation
Slide 4: Phases of Our Transformation Journey
STABILIZATION PHASE Phases of Our Transformation Journey Complete FY21 FOUNDATION PHASE FY22 ACCELERATION PHASE FY23/FY24 Transformation Journey We are here
Slide 5: FY21 Accomplishments
FY21 Accomplishments People / Culture Attrition Inspired / Engaged Customers Challenged Positive Revenue / Margin Trajectory Declining Improving Marketplace Losing Winning Balance Sheet Highly Leveraged Strengthened Past Today Transformation Journey FY21 Performance
Slide 6: FY21 Achievements
Customers Net Promoter Score (NPS) Revenue Book-to-Bill FY21 Achievements(1) Adjusted Margin(2) People Debt Employee Engagement Transformation Journey FY21 Performance (1) Charts from DXC Investor Day 6/17/21 (2) A reconciliation of GAAP to non-GAAP financial measures can be found in DXC’s Annual Re
Slide 7: FY21 Stock Price Performance
FY21 Stock Price Performance DXC: 161% CTSH: 84% ACN: 79% S&P: 61% IBM: 27% ATO: 10% Note: Share price 4/1/20 to 3/31/21 Close Transformation Journey FY21 Performance
Slide 8: FY21 – Phase 1 of Our Transformation Journey
Focus on Customers Optimize Costs Seize the Market Inspire and Take Care of Our Colleagues Unlock Value and Strengthen Balance Sheet FY21 – Phase 1 of Our Transformation Journey Goals Complete Strategic Alternatives and Pay Down Debt People Engagement Inspire and know what our colleagues are doing S
Slide 9: Board with Diverse and Relevant Experience
Board with Diverse and Relevant Experience Governance and Oversight Ian Read*^ Chairman of DXC Technology; Executive Chairman of Population Health Investment; former Executive Chairman and CEO of Pfizer; member of Kimberly-Clark Corporation and Viatris boards Mike Salvino President and CEO of DXC Te
Slide 10: Audit Committee Engaged in Finance Transformation
Audit Committee Engaged in Finance Transformation David Herzog, Chair Former CFO Audit Committee Financial Expert Independent Expert in Technology and Information Security Audit Committee Financial Expert Independent Member since August 2020 David Barnes Manoj Singh Robert Woods Former CFO Audit Com
Slide 11: Environmental, Social and Governance Highlights
Environmental, Social and Governance Highlights ESG Reporting Alignment Recognition Environmental Social Governance Global Reporting Initiative (GRI) reporting since 2017 Reporting through Sustainability Accounting Standards Board (SASB) in 2021 CDP respondent since 2018 Integrating Task Force on Cl
Slide 12: Responsiveness to 2020 Say-on-Pay Vote
Responsiveness to 2020 Say-on-Pay Vote Responsiveness to Stockholders Extensive stockholder feedback showed clearly that the failed 2020 Say-on-Pay vote was primarily driven by the waiver of a performance condition in long-term incentive equity in the separation agreement for our former CEO Direct R
Slide 13: Alignment on Pay-for-Performance
Alignment on Pay-for-Performance Pay-for-Performance FY21 Executive Compensation Linking Pay-for-Performance Commitment to Pay-for-Performance Our executive compensation program is grounded in a “pay-for-performance” philosophy aimed at aligning our executives to create long-term stockholder value b
Slide 14: Conclusion
Conclusion Governance and Oversight Responsiveness to Stockholders Say-on-Pay FY21 Performance Achievements FY21 Pay-for-Performance New DXC management team to lead transformation journey Board refresh – 5 new directors since March 2020, including new independent chairman Gender-, race-, ethnicity-
Slide 15: We Ask for Your Support
Refreshed Board membership – we added a diverse group of 5 new directors with critical skills since March 2020, an independent Board chair, and planned rotation of new chairs for all Board committees We engaged in extensive stockholder outreach and took decisive actions that are fully responsive to
Slide 16: Forward-Looking Statements
All statements in this presentation that do not directly and exclusively relate to historical facts constitute “forward-looking statements.” These statements represent current expectations and beliefs, and no assurance can be given that any goal, plan or result set forth in any forward-looking state
Slide 17: TECHNOLOGY
TECHNOLOGY