Aperam S.a. · EURONEXT:APAM
Aperam — Shareholder Meeting (May 2022)
11 slides from Aperam's shareholder meeting presentation, May 4, 2022
Slide 1: Explanatory Presentation: Long Term Incentive Plan
Explanatory Presentation LONG TERM INCENTIVE PLAN Leadership Team Performance Share Unit Plan submitted to shareholder approval “Aperam at the Core of the Circular Economy” Annual General Meeting and Extraordinary General Meeting of Shareholders 4 May 2022 Materials of Choice Scrap Recycling Renewab
Slide 2: Agenda
Agenda Background Page 03 Governance Page 04 Technical highlights Page 05- 07 Definitions and peer group Page 08 Fictive example Page 09 Historical TSR Data for information purposes in fictive example Page 10 Historical EPS Data for information purposes in fictive example Page 11 2
Slide 3: Background
Background Aperam closed out a record year with a successful entry into recycling, and commits to solid financials and shareholder returns “In 2021 we achieved record results (Aperam’s adjusted EBITDA reached a record of €1,060 million ; 2020: €293 million) and set out our strategic priorities and a
Slide 4: Governance
Governance 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 5: Technical Highlights: Snapshot
Technical Highlights Snapshot The key technical highlights of the Leadership Team Performance Share Unit Plan (LT PSU Plan) submitted to shareholder approval on May 4, 2022 are described below: New as fr om 2 onw 022 ard ✔ Environment, Social & Governance (ESG) targets as from the 2022 plan onward ✔
Slide 6: Technical Highlights in detail
Technical Highlights Leadership Team Performance Share Unit Plan in detail New as fr om 2 onw 022 Only PSUs for Leadership Team members based on clear and identifiable performance criteria: ard > Environment, Social & Governance (ESG): 20% to focus the attention on the sustainable improvement of our
Slide 7: Technical Highlights in detail: Vesting
Technical Highlights Leadership Team Performance Share Unit Plan in detail Vesting Retirement: > The LT PSU Plan provides for cliff vesting on the third year anniversary of the grant date, under the condition that the relevant LT member continues to be actively employed by the Aperam group on that d
Slide 8: Definitions and Peer Group
Definitions and Peer Group Leadership Team Performance Share Unit Plan in detail Total Shareholder Return (“ TSR”) is defined as • Share price end of period – Share price start of period + Dividends paid Share price start of period Earnings per Share (“ EPS”) • EPS is defined as the amount of earnin
Slide 9: Fictive example (1)
Fictive example(1) LT PSU Plan submitted to shareholder approval May 4, 2022 Leadership Team Member: > Base salary: EUR 250,000 > Grant March 2022: Share price EUR 45 (1) > Value = 50% i.e. (250,000/45) x 0.50 = 2,778 PSUs (Example for a member of the LT ; for the CEO Value = 80%) > Vesting will onl
Slide 10: TSR data (1)
TSR data(1) Fictive example using historical data Company Industry TSR growth(2) Market capitalisation(3) Aperam Stainless Steel 140.7% 3,811 SBF120 Index Index 59.3% NA DAX Index Index 50.4% NA Outokumpu Stainless steel 80.2% 2,513 Acerinox Stainless steel 50.5% 3,080 ArcelorMittal Carbon steel 57.
Slide 11: EPS data (1)
EPS data(1) Fictive example using historical data Company Industry EPS growth(2) Market capitalisation(3) Aperam Stainless Steel 259.9% 3,811 Outokumpu Stainless steel 295.4% 2,513 Acerinox Stainless steel 145.3% 3,080 ArcelorMittal Carbon steel 167.1% 27,661 ThyssenKrupp Carbon steel 265.9% 6,029 V