15 slides from International Business Machines's shareholder meeting presentation, 2022
Slide 1: IBM Investor Update Spring 2022
IBM Investor Update Spring 2022
Slide 2: 2021 Performance Highlights
2021 Performance Highlights STRATEGY Revenue Growth IBM revenue growth at constant currency accelerated through 2021 Exited fourth quarter at 8.6% constant currency revenue growth, including approximately 3.5 pts from incremental external sales to Kyndryl Cash Generation Delivered cash from operatio
Slide 3: IBM Approach for Hybrid Cloud & AI
IBM Approach for Hybrid Cloud & AI STRATEGY Our Platform Approach IBM Consulting Business Transformation System Integrator Partners Technology Consulting Enterprise-focused Application Operations Delivering technology & outcomes Hybrid IBM Software Automation • Data & AI Security Software and SaaS P
Slide 4: Creating Shareholder Value Through Growth
Creating Shareholder Value Through Growth STRATEGY Laser-focused on executing hybrid cloud and AI strategy to drive client and stockholder value Executing Actions Increasing Investments Organic/Inorganic Optimize Simplify Advance Technology Skills Ecosystem Portfolio Go-to-Market Culture Optimizing
Slide 5: Reinforcing IBM's Pivot to Sustainable Growth
Reinforcing IBM’s Pivot to Sustainable Growth COMPENSATION 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 IBM’s Compens
Slide 6: Compensation Aligns with High-Value Business Model
Compensation Aligns with High-Value Business Model COMPENSATION For 2021, at target, 65% of CEO pay was at risk Payouts in both the annual and long term programs and subject to attainment of rigorous performance goals reflect rigorous performance goals CEO ANNUAL INCENTIVE AWARD AS % OF TARGET* Base
Slide 7: Building the Right Board
Building the Right Board BOARD & GOVERNANCE Active Board Refreshment New Independent Lead Director 50% of our director nominees were first elected to our Board in the past three years 2019 2020 2021 ALEX GORSKY Executive Chairman MICHELLE F. WILLIAM MARTHA THOMAS ARVIND ALFRED 2 HOWARD MCNABB III PO
Slide 8: Board of Directors
Board of Directors BOARD & GOVERNANCE DIRECTOR Thomas David N. Alex Michelle J. Arvind Andrew N. F. William Martha E. Joseph R. Peter R. Frederick H. Alfred W. Buberl Farr Gorsky Howard Krishna Liveris McNabb III Pollack Swedish Voser Waddell Zollar Client Industry Expertise Organizational Leadershi
Slide 9: Environmental and Social Responsibility
ENVIRONMENTAL AND Environmental and Social Responsibility SOCIAL Setting Ambitious Enabling our Clients Embracing a Diverse and Inclusive Corporate social Environmental Goals and Community responsibility has Workforce been a hallmark of • Announced 21 goals for • Commitment to skill • 20% increase i
Slide 10: Voting Item 4: Stockholder Special Meeting Right
Voting Item 4: Stockholder Special PROPOSALS Meeting Right – IBM’s current special meeting ownership threshold is 25% which is consistent with market practice and accurately reflects the preference of IBM’s stockholders. The Board recommends a vote AGAINST this proposal and – Maintaining the 25% own
Slide 11: Voting Item 5: Stockholder Proposal on Independent Chair
Voting Item 5: Stockholder Proposal on PROPOSALS Independent Chair – IBM’s Lead Director role is robust and ensures effective independent oversight at all times The Board recommends a vote AGAINST this proposal because – This leadership structure promotes consistent, unified vision the Board’s flexi
Slide 12: Voting Item 6: Requesting Public Report on the Use of Concealment Clauses
Voting Item 6: Requesting Public Report PROPOSALS on the Use of Concealment Clauses – IBM does not prevent employees from discussing the terms and conditions of their employment and does not require employees The Board recommends a vote to agree to arbitration as a condition of employment. AGAINST t
Slide 13: We Request Your Support at the 2022 Annual Meeting of Stockholders
We Request Your Support at the PROPOSALS 2022 Annual Meeting of Stockholders The Board asks that you vote: FOR Election of all Twelve Director Nominees FOR Ratification of PricewaterhouseCoopers LLP as IBM’s Independent Registered Public Accounting Firm FOR Advisory Vote on Executive Compensat
Slide 14: © 2022 IBM Corporation
© 2022 IBM Corporation
Slide 15: Forward-Looking Statements, Non-GAAP and Other Information
Forward-Looking Statements, Non-GAAP and Other Information 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 regarding future busines