Aperam S.a. · EURONEXT:APAM
Aperam — Shareholder Meeting (May 2015)
10 slides from Aperam's shareholder meeting presentation, May 5, 2015
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 5, 2015 © Aperam 1
Slide 2: Agenda
Leadership Team Performance Share Unit Plan 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 Page 09 Historical EPS Data for information purposes Page 10 2
Slide 3: Background
Leadership Team Performance Share Unit Plan Background Plan submitted to shareholders’ approval May 5, 2015 The Leadership Team Performance Share Unit Plan The Leadership Team Performance Share Unit Plan1 (the “LT PSU Plan”) is designed to enhance the long-term performance of the Company and align t
Slide 4: Key highlights
Leadership Team Performance Share Unit Plan Key highlights Plan submitted to shareholders’ approval May 5, 2015 • 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 Re
Slide 5: Criteria review
Leadership Team Performance Share Unit Plan Criteria review 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 (“TSR”) compared
Slide 6: Peer group determination
Leadership Team Performance Share Unit Plan Peer group determination Determination of peer group based on correlation and Market capitalization How? 1. On industry classification; 2. On size (limited to companies not smaller than approximately one quarter of Aperam’s market capitalisation); 3. On co
Slide 7: Peer group determination: market capitalization and correlation
Leadership Team Performance Share Unit Plan Peer group determination Determination of peer group based on correlation and Market capitalization(2) Industry Market Capitalization(1) Correlation (2) Company Aperam Stainless Steel 2 346 n/a ArcelorMittal Steel 17 910 0.69 Acerinox Stainless steel 3 962
Slide 8: Fictive example under LT PSU plan
Leadership Team Performance Share Unit Plan Fictive example under LT PSU Plan submitted to shareholders’ approval on May 5, 2015(1) Leadership Team Committee Member: • Base salary: USD 250,000 • Grant December 2011: Share price USD 14.09 (1) Æ Value = 45% i.e. (250,000/14.09) x 0.45 = 7,984 PSUs Æ V
Slide 9: Peer group TSR data
Peer group TSR data(1) Fictive example using historical data Market Industry TSR growth(2) Company capitalisation(3) Aperam Stainless Steel 113% 2 346 ArcelorMittal Steel -47% 17 910 Acerinox Stainless steel 27% 3 962 Outokumpu Stainless steel -63% 2 474 Steel, Stainless steel & ThyssenKrupp 8% 14 2
Slide 10: Peer group EPS data
Peer group EPS data(1) Fictive example using historical data Industry EPS growth(2) Market capitalisation(3) Company Aperam Stainless Steel 259% 2 346 ArcelorMittal Steel -152% 17 910 Acerinox Stainless steel 67% 3 962 Outokumpu Stainless steel 15% 2 474 Steel, Stainless steel & ThyssenKrupp -84% 14