Nvent Electric Plc · NYSE:NVT
Nvent Electric — Shareholder Meeting (April 2023)
17 slides from Nvent Electric's shareholder meeting presentation, Apr 18, 2023
Slide 1: Spring 2023 nVent Shareholder Engagement
1 Spring 2023 nVent Shareholder Engagement
Slide 2: Caution Concerning Forward-Looking Statements
2 CAUTION CONCERNING FORWARD - LOOKING STATEMENTS This presentation contains statements that we believe to be "forward - looking statements" within the meaning of the Private Secur ities Litigation Reform Act of 1995. All statements, other than statements of historical fact are forward - looking sta
Slide 3: Agenda
3 ▪ 2022 Business Results ▪ Environmental, Social, and Governance (ESG) ▪ Shareholder Engagement ▪ 2023 Director Nominees ▪ Board Composition and Diversity ▪ Governance Practices ▪ Executive Compensation ▪ 2022 Closing Summary Agenda
Slide 4: 2022 Business Results
4 Another year of outstanding performance and creating value for our customers, employees and shareholders 2022 Business Results ▪ Sales of ~$2.9 billion, up 18% (up 20% organic) ▪ Operating Income of $440 million compared to $355 million in 2021 - Segment Income of $524 million compared to $436 mil
Slide 5: Our commitment to ESG is guiding us toward a more sustainable future
5 Our commitment to ESG is guiding us toward a more sustainable future Environmental, Social and Governance (ESG) Goals People 2030 Goals*: ▪ Achieve 50% reduction in Scope 1 and Scope 2 greenhouse gas emissions ▪ Reach >25% renewable energy consumption 2025 Goals: ▪ Reach >90% of products in our ac
Slide 6: ESG Highlights: Executing on our long-term goals
6 Executing on our long - term goals ESG Highlights Look for more details in our 2022 ESG report to be published this summer x Recognized for our commitment to transparency in gender - data reporting x Improved our employee engagement inclusion index score x Continued to make progress toward our emp
Slide 7: Shareholder Engagement
7 We value investor feedback and will continue to seek it through engagement initiatives *Note: nVent outstanding shares calculated as of December 31, 2022. Ownership is based on publicly disclosed ownership at the time of Fall 2022 outreach Shareholder Engagement ▪ During our 2022 engagement proces
Slide 8: 2023 Director Nominees
8 2023 Director Nominees ▪ Beth Wozniak to assume Chair role as of May 12, 2023; Susan Cameron remains as Independent Lead Director ▪ 2023 slate includes Sherry Aaholm - Experience overseeing mission - critical information systems, technology and information security, and development of digital/Inte
Slide 9: Board Composition and Diversity
9 Experienced, diverse Board *The bullet indicates a specific area of focus or expertise of a director on which the Board currently relies. The absence of a bullet does not mean the director does not possess that item Board Composition and Diversity ▪ Our Governance and Social Responsibility Committ
Slide 10: Governance Practices
10 Good governance, setting the foundation for success Governance Practices Our company is built on robust management processes and the highest integrity. The governance principles we practice today are built on our Code of Business Conduct and Ethics. Some of these practices include: ▪ A Board made
Slide 11: Executive Compensation Overview
11 Pay - for - performance philosophy & strong governance policies to align interests of management and shareholders Executive Compensation Overview x Majority of NEOs’ compensation is at risk x Incentive plans are 100% formulaic against pre - established metrics x No “single trigger” change - in -
Slide 12: 2022 Short and Long-Term Incentive Compensation
12 2022 Short and Long - Term Incentive Compensation 2022 Long - Term Incentive Framework ▪ 100% formulaic determination against pre - established metrics tied to our annual operating plan ▪ All NEOs paid on Enterprise - wide results ▪ Range of payout on each measure is 0 – 200% of target 2022 Annua
Slide 13: 2022 Closing Summary
13 2022 was a year of outstanding performance and value creation Closing Summary ▪ Strong sales and adjusted EPS growth with record free cash flow ▪ 69 th percentile of the S&P 400 Industrials in total shareholder return ▪ Significant progress in our ESG priorities ▪ Strong correlation between pay a
Slide 14: Appendix and GAAP to Non-GAAP Measurements & Reconciliations
14 14 Appendix and GAAP to Non - GAAP Measurements & Reconciliations
Slide 15: Reported to Adjusted 2022 Reconciliation
15 Reported to Adjusted 2022 Reconciliation
Slide 16: Reported to Adjusted 2021 Reconciliation
16 Reported to Adjusted 2021 Reconciliation
Slide 17: Organic Sales Growth and Free Cash Flow Reconciliation
17 Organic Sales Growth and Free Cash Flow Reconciliation