Dba Sempra · NYSE:SRE
Dba Sempra — Sempra — Shareholder Meeting (April 2024)
14 slides from Dba Sempra's shareholder meeting presentation, Apr 17, 2024
Slide 1: Spring 2024 Shareholder Engagement
Spring 2024 Shareholder Engagement The following information supplements the proxy statement of Sempra filed with the U.S. Securities and Exchange Commission on March 25, 2024, and should be read together with such proxy statement.
Slide 2: Information Regarding Forward-Looking Statements
Information Regarding Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guaran
Slide 3: TSR Performance
TSR Performance1 Bloomberg data for the periods ended 12/31/2023. This chart replaces the charts showing Total Shareholder Return on pages 6 and 48 of Sempra’s 2024 proxy statement filed with the Securities and Exchange Commission on March 25, 2024. Adjusted Earnings, Adjusted EPS and Adjusted EPS C
Slide 4: 2023 Executive Compensation Overview
2023 Executive Compensation Overview Performance-Based Annual Bonus 80% ABP Earnings2 Provides an accurate, comprehensive, and understandable picture of annual financial performance 12% Safety Measures3 Promotes safe and responsible operations and the safety of customers and employees 8% Sustainabil
Slide 5: Pay Linked Strongly to Company Performance
Pay Linked Strongly to Company Performance Sempra S&P 500 Utilities Index S&P 500 Index The Compensation and Talent Development Committee thoughtfully designs our incentive plans to deliver payouts that align to our financial performance Award Cycle Realized Payout 2012 – 2015 150% of target 2013 –
Slide 6: Diverse, Experienced Board with Recent Refreshment
Diverse, Experienced Board with Recent Refreshment Andrés Conesa, Ph.D. Chair of Compensation and Talent Development Committee CEO, Grupo Aeroméxico Jeffrey W. Martin Chairman, CEO and President Chair of Executive Committee James C. Yardley Retired Executive Vice President, El Paso Corp. Bethany J.
Slide 7: Board Composition and Skills Facilitate Oversight
Board Composition and Skills Facilitate Oversight Board Members’ Skills and Experience Board Diversity 89% 56% of our board nominees are women or people of color Board Independence 89% of our nominees are independent2 Board Tenure Average nominee tenure is 7 years Track record of thoughtful refreshm
Slide 8: We Recommend a Vote 'Against' Proposal
We Recommend a Vote ‘Against’ Proposal 4 Sempra’s approach to severance benefits is disciplined, reasonable and appropriate. The shareholder proposal, which requests Sempra implement a policy to seek shareholder approval of certain severance pay arrangements, is unnecessary and impractical Sempra al
Slide 9: Boards Directly Oversee Safety and Environmental Practices
The Sempra and operating company boards directly oversee our businesses’ safety and environmental practices and performance These policies, programs and systems are foundational to our organization-wide safety and environmental commitment, directly or indirectly impacting every employee and contract
Slide 10: Board Voting Recommendations at the 2024 Annual Meeting
The board recommends that you cast your votes as follows at the 2024 Annual Shareholders Meeting Proposal 1 FOR Election of Each of the Nine Director Nominees Proposal 2 Proposal 3 Proposal 4 Proposal 5 FOR Ratification of Appointment of Deloitte & Touche LLP FOR Advisory Approval of Executive Compe
Slide 11: Appendix
Appendix @SEMPRA | 1
Slide 12: Reconciliation of Sempra Adjusted Earnings to GAAP Earnings
Reconciliation of Sempra Adjusted Earnings to GAAP Earnings1 Sempra Adjusted Earnings and Adjusted EPS exclude items (after the effects of income taxes and, if applicable, noncontrolling interests) in 2023 and 2018 as follows: In 2023: $(44) million equity losses from investment in Oncor Electric De
Slide 13: Reconciliation of Adjusted Earnings to GAAP Earnings (2023)
Reconciliation of Adjusted Earnings to GAAP Earnings (2023) Except for adjustments that are solely income tax, income taxes on pretax amounts were primarily calculated based on applicable statutory tax rates. We record equity losses for our investment in Oncor Holdings net of income tax. We did not
Slide 14: Reconciliation of Adjusted Earnings to GAAP Earnings (2018)
Reconciliation of Adjusted Earnings to GAAP Earnings (2018) Except for adjustments that are solely income tax, income taxes on pretax amounts were primarily calculated based on applicable statutory tax rates. We record equity losses for our investment in Oncor Holdings net of income tax. We did not