Koppers Holdings Inc. · NYSE:KOP
Koppers — Shareholder Meeting (April 2025)
13 slides from Koppers's shareholder meeting presentation, Apr 11, 2025
Slide 1: Amended and Restated 2020 Long Term Incentive Plan & 2025 Share Request
Amended and Restated 2020 Long Term Incentive Plan & 2025 Share Request April 2025
Slide 2: Seeking Approval of Amended and Restated 2020 LTIP: Increase of 1.0 Million Shares
Seeking Approval of Amended and Restated 2020 LTIP: Increase of 1.0 Million Shares Ability to continue to grant equity is critical to support our business strategy and attraction, motivation and engagement of our team Use of common shares as part of our compensation program is important; equity-base
Slide 3: 2024 Achievements
2024 Achievements In 2024, Koppers continued to hold firm to our strategy to Expand our market presence and Optimize our operating footprint in Koppers core infrastructure-related markets. Guided by our values of People, Planet, and Performance, Koppers made strides in each key area Additional share
Slide 4: Current Share Pool Insufficient for Equity Compensation Awards Needs
Current Share Pool Insufficient for Equity Compensation Awards Needs 3-year unadjusted burn rate at target averages 2.2%: 2024 at 1.7% 2023 at 2.4% 2022 at 2.4% 3-year adjusted burn rate (only issued PSUs) averages 1.9%: 2024 at 1.5% 2023 at 1.1% 2022 at 2.9% Discontinued granting stock options in 2
Slide 5: Stock Options Outstanding, Share Repurchases and Projected Dilution
Approximately 526,000 stock options remain outstanding with a weighted average exercise price of $28.62 Over 102,000 options (19% of total options) have an exercise price in excess of $41 per share and expire in the next three years Weighted average basic shares outstanding and decrease from prior y
Slide 6: 2024 Equity Grant Practices Continue Long-Term Use of Performance-Based Compensation
2024 Equity Grant Practices Continue Long-Term Use of Performance-Based Compensation Continued focus on performance, with 80% of CEO LTI awards and 60% of other NEO LTI awards being PSUs Modest use of time-based RSUs (20% for CEO, 40% for other NEOs) Investor friendly relative PSU design PSUs vest a
Slide 7: Additional Shares Necessary; Shares Will Be Carefully Managed
Performance-based stock units that reinforce our pay-for-performance philosophy Minimum one-year vesting provisions with limited exceptions No repricing or cash buyout of stock options or stock appreciation rights (SARs) without shareholder approval, subject to certain exceptions No discounted stock
Slide 8: Appendix: Non-GAAP Reconciliations
Appendix: Non-GAAP Reconciliations
Slide 9: Non-GAAP financial measures notice
This presentation includes unaudited “non-GAAP financial measures” as defined in Regulation G under the Securities Exchange Act of 1934, including adjusted EBITDA and adjusted EPS. Koppers believes that the presentation of non-GAAP financial measures provides information useful to investors in under
Slide 10: Reconciliation of Net Income to Adjusted EBITDA
(1) The LIFO expense adjustment removes the entire impact of LIFO and effectively reflects the results as if we were on a FIFO inventory basis. Unaudited Reconciliation of Net Income to Adjusted EBITDA Year Ended December 31, 2024 (Dollars in millions) Net income $ 48.6 Interest expense 76.2 Depreci
Slide 11: Reconciliation of Net Income to Adjusted Net Income and Adjusted EPS
Unaudited Reconciliations of Net Income Attributable to Koppers to Adjusted Net Income Attributable to Koppers and Diluted EPS and Adjusted EPS (1) The LIFO expense adjustment removes the entire impact of LIFO and effectively reflects the results as if we were on a FIFO inventory basis. Year Ended D
Slide 12: Koppers World Headquarters
KOPPERS World Headquarters Pittsburgh, Pennsylvania, USA Koppers Holdings Inc. 436 Seventh Avenue Pittsburgh, PA 15219-1800 Koppers is an integrated global provider of essential treated wood products, wood preservation technologies and carbon compounds. Our team of 2,100 employees create, protect an
Slide 13: KOPPE
KOPPE koppers.com R ) “nA Ul (