Ebay Inc. · NASDAQ:EBAY
Ebay — Shareholder Meeting (June 2022)
26 slides from Ebay's shareholder meeting presentation, Jun 2, 2022
Slide 1: eBay, Inc. proxy statement filing cover
eBay, Inc. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if Other than the Registrant) Payment of Filing Fee (Check the appropriate box): þ No fee required. o Fee paid previously with preliminary materials. o Fee computed on table in exhibit required by
Slide 2: Investor Presentation June 2022
Connecting enthusiasts. Building communities. Creating economic opportunity for all on the world’s largest sustainable marketplace. Investor Presentation June 2022
Slide 3: Table of Contents
© 2022 eBay. All rights reserved. 2 I. Business, Strategy, and Capital Allocation • Our Purpose & Strategy • Our Scale & Market Opportunity • Recent Performance • Capital Allocation II. Board and Corporate Governance Practices • Board Composition, Tenure, and Refreshment • Active Risk Oversight • Co
Slide 4: Business, Strategy & Capital Allocation
Business, Strategy & Capital Allocation
Slide 5: Our Purpose & Strategy
© 2022 eBay. All rights reserved. Note: Enthusiast Buyers and GMV contribution as of 12/31/21. 4 Our Purpose & Strategy We Connect People & Build Communities to Create Economic Opportunity for All Our unique scale, best in class margins, relentless focus on supporting the environment and the communi
Slide 6: Our Scale & Market Opportunity
© 2022 eBay. All rights reserved. 5 Our Scale & Market Opportunity eBay Key Metrics as of FY’21 $10.4 Billion Total Revenue $87.4 Billion Gross Merchandise Volume 33.4% Non - GAAP Operating Margin $4.02 Non - GAAP Earnings per Share 1.5B+ Listings Across 190+ Global Markets 147M Active Buyers $1.1T
Slide 7: Recent Performance
Q4 20 Q1 21 © 2022 eBay. All rights reserved. 6 GMV (millions) & Y/Y Growth (FXN) Revenue (millions) & Y/Y Growth (FXN) In Q1’22, GMV, Revenue, and Non - GAAP EPS each met or beat FactSet consensus. GMV grew +7% vs. Q1’19 on an FX - neutral basis. Revenue ( - 5% Y/Y FXN) grew ~12 points faster than
Slide 8: Capital Allocation Tenets
© 2022 eBay. All rights reserved. 7 Capital Allocation Tenets Portfolio Divestitures Created over $20B in Value* Our balanced approach to capital allocation enables us to invest in strategic initiatives, maintain our best - in - class margins, and deliver significant returns to shareholders. Our 202
Slide 9: Board & Corporate Governance Practices
Board & Corporate Governance Practices
Slide 10: Director Experience & Skill Sets; Board Refreshment Process
Director Experience & Skill Sets Board Refreshment Process Highly Skilled and Independent Board of Directors • The Board regularly reviews the skills, professional experience, background, age, and diversity of its members to ensure the Board is positioned to provide oversight on the Company’s busine
Slide 11: Director Nominees
Paul Pressler Operating Advisor, Clayton, Dubilier & Rice Director Since 2015 Chair of the Board Anthony Bates CEO, Genesys Director Since 2015 Departing After 2022 Annual Meeting Adriane Brown Managing Partner, Flying Fish Ventures Director Since 2017 Chair Comp. & HC Committee Logan Green CEO & Co
Slide 12: Board Succession, Refreshment, and Diversity
© 2022 eBay. All rights reserved. 11 31% 61% 8% < 4 years 4 - 8 years > 8 years Board Succession, Refreshment, and Diversity 92% added since start of 2015 38% are women 23% identify as a minority average age 50 - 65 years 56 31% 61% 8% <50 years >65 years 75% of Committee Chairs are women • Followin
Slide 13: Active Risk Oversight
• Assists the Board in its oversight of the Enterprise Risk Management program for key risks such as information security and regulatory compliance (including privacy, anti - money laundering, and foreign assets control) • Reviews current risk ratings and action plans to mitigate those risks Active
Slide 14: Commitment to Governance Best Practices
Strong Board independence (8 of 9 director nominees are independent) Regular Board Refreshment Declassified Board with all members standing for election annually Majority vote standard for uncontested director elections Stockholder right to call a special meeting (lowered threshold from 25% to 20% i
Slide 15: Executive Compensation
Executive Compensation
Slide 16: Compensation Program Aligned with Business Goals
Emphasize pay - for - performance Majority of compensation is performance - based Multiple performance measures, caps on incentive payments, and overlapping long - term performance periods for PBRSU awards Meaningful stock ownership requirements for executive officers Maintain a clawback policy Enga
Slide 17: Performance-Based Compensation Program Drives Long-Term Stockholder Returns
Rigorous Goal and Target Setting Process 16 © 2022 eBay. All rights reserved. Performance - Based Compensation Program Drives Long - Term Stockholder Returns • In the first quarter of the year, the Compensation Committee approves Company performance measures based on business criteria and target lev
Slide 18: 2021 Executive Compensation Program Components
2021 Executive Compensation Program Components Base Salary Reflects the scope of executives’ roles and responsibilities, and compensates for expected day - to - day performance Performance - Based Compensation Program Drives Long - Term Stockholder Returns Time - based Restricted Stock Units (RSUs)
Slide 19: Plan Performance Metrics and Committee Rationale
Plan Performance Metrics Committee Rationale Annual Cash Incentive • FX - neutral revenue (threshold) • Non - GAAP net income • Individual Performance • A minimum revenue threshold must be met before any incentive is paid • Non - GAAP net income is directly affected by management decisions and provi
Slide 20: Compensation Design Enhancements for 2022
Plan Performance Metrics Committee Rationale Annual Cash Incentive • Added Customer Satisfaction • Reward focus on customer and key revenue - generating initiatives kicker PBRSUs • Added 3 - year Relative Total • Extend performance period to three years Shareholder Return (rTSR) modifier • Add perfo
Slide 21: Human Capital, Diversity, Equity & Inclusion, Global Impact
Human Capital Diversity, Equity & Inclusion Global Impact
Slide 22: Focus on Workforce Culture
Management Accessibility & Engagement 21 © 2022 eBay. All rights reserved. Focus on Workforce Culture Includes Board Oversight • eBay’s practice of CEO and senior leader engagement with employees continues, with frequent All - Hands meetings on Zoom while most employees are working from home • Conti
Slide 23: Diversity, Equity & Inclusion is Strategic and Comprehensive
Diversity, Equity & Inclusion (DE&I) is Strategic and Comprehensive 22 © 2022 eBay. All rights reserved. Be for everyone We remain committed to becoming a richly diverse, truly equitable and fearlessly inclusive place to work, grow, buy, and sell. • Published our sixth Global Diversity, Equity & Inc
Slide 24: Impact Update: Governance and Economic Empowerment
Impact Team Governance Economic Empowerment eBay for Charity • Guided by the Chief Sustainability Officer and eBay’s Impact team, ESG is integrated into our business, with oversight from the Corporate Governance and Nominating Committee. • The Impact team works across the organization to help our bu
Slide 25: Impact Update: eBay Foundation and Circular Commerce
Empowering aspiring entrepreneurs and building vibrant and sustainable communities • 2025 GOAL: Increase the rate of employee participation in eBay Foundation programs year over year and through Foundation support of nonprofits, 300,000 businesses will be created or strengthened by 2025. • 2021 PROG
Slide 26: Thank You!
Thank You!