International Business Machines Corporation · NYSE:IBM
International Business Machines — Shareholder Meeting (April 2023)
15 slides from International Business Machines's shareholder meeting presentation, Apr 10, 2023
Slide 1: Spring 2023 IBM Investor Update
Spring 2023 IBM Investor Update
Slide 2: Our Strategy: Hybrid Cloud and AI
Our Strategy Hybrid Cloud and AI 2 STRATEGY © 2023 IBM Corporation Our differentiation – Hybrid Cloud and AI focus with platform-centric approach – Integrated value proposition – Competitively positioned with significant market opportunity – Deep industry expertise and ability to transform enterpris
Slide 3: IBM Approach for Hybrid Cloud & AI
IBM Approach for Hybrid Cloud & AI 3 Secure everywhere STRATEGY Red Hat Hybrid Cloud Platform Development, Security and Operational Services Public Clouds AWS • Azure Others Enterprise Infrastructure IBM Infrastructure Edge zSystems • Distributed Infrastructure (IBM Cloud, Power, Storage) Infrastruc
Slide 4: Improved Portfolio Mix and Growth Profile
@ 2023 IBM Corporation Improved Portfolio Mix and Growth Profile 4 STRATEGY – Executed divestitures of non-core assets and separation of Kyndryl* – Organic investments in technology and talent, including adding tens of thousands of consultants and technical skills – Completed ~30 acquisitions since
Slide 5: 2022 Performance Highlights
2022 Performance Highlights © 2023 IBM Corporation 5 Our model – Sustainable revenue growth – Strong cash generation – Higher ROIC – Capital allocation supporting investment and shareholder return STRATEGY Our results – Delivered $60.5B of revenue with broad-based growth, up 6% (12% at constant curr
Slide 6: Compensation Practices Align with Growth Strategy and Investor Expectations
IBM’s Compensation Practices align with IBM’s growth strategy and investor expectations: 1. Accelerate our Hybrid Cloud and AI revenue growth strategy 2. Generate cash flow growth for increased investment and shareholder return 3. Advance our best-in-class culture of diversity and inclusion through
Slide 7: Compensation Aligns with High-Value Business Model
For 2022, at target, 77%, or $14M of CEO pay was at risk and subject to attainment of rigorous performance goals 24% Short Term (4.5M) 8% Base Salary ($1.5M) 16% Annual Incentive ($3.0M) Target: 200% of Base Salary 75% Long Term ($13.75M) 45% Performance Share Units ($8.25M) 15% Stock Options ($2.75
Slide 8: Building the Right Board
Building the Right Board Optimal Mix of Skills and Experience Independent and Diverse Board 2019 2020 2021 MARTHA POLLACK F. WILLIAM MCNABB III MICHELLE HOWARD THOMAS BUBERL ARVIND KRISHNA ALFRED ZOLLAR Diversity Average Tenure Independence 92% 33% Diverse 4 > 10 years <5 5 years -10 years 5.9 years
Slide 9: Board of Directors
Board of Directors 9 @ 2023 IBM Corporation DIRECTOR Thomas Buberl David N. Farr Alex Gorsky Michelle J. Howard Arvind Krishna Andrew N. Liveris F. William McNabb III Martha E. Pollack Joseph R. Swedish Peter R. Voser Frederick H. Waddell Alfred W. Zollar Client Industry Expertise Organizational Lea
Slide 10: Equitable Impact
@ 2023 IBM Corporation Equitable Impact IBM Impact We aspire to make a lasting, positive Impact in business ethics, our environment, and the communities in which we work and live. ENVIRONMENTAL, SOCIAL & GOVERNANCE Ethical Impact Environmental Impact • For the fifth year in a row, IBM has been named
Slide 11: Voting Items 5 and 6: Independent Board Chair; Lobbying Report
Voting Item 5: Independent Board Chair The Board recommends a vote AGAINST Voting Item 6: Public Report on Lobbying Activities The Board recommends a vote AGAINST – Independent third parties consistently recognize IBM as a leader in lobbying and political spending disclosure – IBM already provides t
Slide 12: Voting Items 7 and 8: China Operations Report; Harassment Report
Voting Item 7: Public Report on Congruency of China Business Operations and ESG Activities The Board recommends a vote AGAINST Voting Item 8: Public Report on Harassment and Discrimination Prevention Efforts The Board recommends a vote AGAINST – IBM has already issued a report responsive to the conc
Slide 13: We Request Your Support at the 2023 Annual Meeting
We Request Your Support at the 2023 Annual Meeting of Stockholders ❌AGAINST Stockholder Proposal to Have an Independent Board Chair ❌AGAINST Stockholder Proposal Requesting a Public Report on Lobbying Activities ❌AGAINST Stockholder Proposal Requesting a Public Report on Congruency in China Business
Slide 14: (92023166 Corperation
(92023166 Corperation
Slide 15: Forward-Looking Statements, Non-GAAP and Other Information
Forward-Looking Statements, Non-GAAP and Other Information @ 2023 IBM Corporation Certain comments made in this presentation may be characterized as forward looking under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on the company’s current assumptions r
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