Coeur Mining, Inc. · NYSE:CDE
Coeur Mining — Shareholder Meeting (April 2018)
24 slides from Coeur Mining's shareholder meeting presentation, Apr 17, 2018
Slide 1: 2018 Proxy Statement Highlights April – May 2018
NYSE: CDE JC 2016 NYSE: CDE 2018 Proxy Statement Highlights April – May 2018
Slide 2: Cautionary Statements
NYSE: CDE JC 2016 Cautionary Statements This presentation contains forward-looking statements within the meaning of securities legislation in the United States and Canada, including statements regarding executive compensation program components, corporate governance and corporate social responsibili
Slide 3: Cautionary Statements: Reserves, Resources and Mineralized Material
NYSE: CDE JC 2016 Cautionary Statements Reserves, Resources and Mineralized MaterialCoeur is subject to the reporting requirements of the Securities Exchange Act of 1934 and applicable Canadian securities laws, and as a result we report our mineral reserves according to two different standards. Cana
Slide 4: Important Additional Information
NYSE: CDE JC 2016 Important Additional Information In connection with the solicitation of proxies, Coeur Mining, Inc. (“Coeur”) filed with the SEC and mailed to stockholders a definitive proxy statement dated March 28, 2018 (the “Proxy Statement”). The Proxy Statement contains important information
Slide 5: Relevant Terms
NYSE: CDE JC 2016 Relevant Terms We use the following terms in this presentation and in the Proxy Statement to describe our operations and results, some of which are non-GAAP financial measures. Please see the applicable non-GAAP reconciliation tables in the appendix to this presentation. Term Defin
Slide 6: Executive Compensation: Pay-for-Performance Philosophy
NYSE: CDE JC 2016 Executive Compensation: Pay-for-Performance Philosophy * Compensation Component Objective Performance Based Not Performance Based Value Linked to Stock Price Value Not Linked to Stock Price Base Salary Provide a fixed base pay appropriate for position, responsibilities and experien
Slide 7: 2017 Performance Highlights
NYSE: CDE JC 2016 2017 Performance Highlights PROTECT – Our People, Places, PlanetStrong health, safety and environmental performanceNo environmental violation notices or monetary penalties Meaningful reductions in TRIFR1 and reportable spillsRochester mine named the safest medium-size surface opera
Slide 8: 2017 CEO Compensation Tied to Stockholder Returns
NYSE: CDE JC 2016 2017 CEO Compensation Tied to Stockholder Returns 60% of compensation linked to stock performance (Based 100% on Company Performance)
Slide 9: 2017 Incentive Plan Aligned with Strategic Objectives & Purpose Statement
NYSE: CDE JC 2016 2017 Incentive Plan Aligned with Strategic Objectives & Purpose Statement “TRIFR” means Total Reportable Injury Frequency Rate.“NOV” means notice of violation of environmental regulations for actions by Coeur that caused or created the potential for environmental harm.“PSUs” means
Slide 10: 2017 Executive Compensation Aligned with Performance and Stockholder Returns
NYSE: CDE JC 2016 * 2017 executive compensation programs were aligned with our operational and financial performance and stockholder returns. One-year TSR in 2017 was negative, but given the 267% peer-leading one-year TSR in 2016, two-year TSR was still 70%, and three-year TSR was 21%, at the 80th p
Slide 11: Multiyear CEO Compensation Aligned with Stockholder Returns
NYSE: CDE JC 2016 Multiyear CEO Compensation Aligned with Stockholder Returns “Cash Incentives” includes an aggregate of $3,000,000 earned under Mr. Krebs’s supplemental incentive opportunity entered into in 2014 and tied to multi-year performance objectives. * SCT pay awarded at levels consistent w
Slide 12: Continued Strong Stockholder Engagement in 2017
NYSE: CDE JC 2016 Continued Strong Stockholder Engagement in 2017 Reached out to stockholders representing approximately 64% of outstanding shares (as of June 30, 2017) Engaged with all who responded to our invitation to discuss corporate governance, executive compensation and other mattersOther mea
Slide 13: Select Executive Compensation Program Changes for 2018
NYSE: CDE JC 2016 Select Executive Compensation Program Changes for 2018 * 2017 2018 Peer Group ►► Peer group contained a mix of precious metals companies, diversified mining companies and companies from other related industries, including steel and aluminumAllowed inclusion of additional US-listed
Slide 14: Leading Executive Compensation Practices
NYSE: CDE JC 2016 Leading Executive Compensation Practices What We Do What We Do Not Do Pay for performance with strong alignment of realized pay to TSR No excise tax gross-ups, tax gross-ups on perquisites or tax gross-ups applicable to change-in-control and severance payments Proactive stockholder
Slide 15: Risk Oversight
NYSE: CDE JC 2016 Risk Oversight * Committee Oversight Role Audit Reviews with management and the independent auditor compliance with legal and regulatory requirements, with a focus on legal and regulatory matters related to internal controls, accounting, finance and financial reporting and continge
Slide 16: Corporate Social Responsibility
NYSE: CDE JC 2016 Corporate Social Responsibility * At Coeur, the first component of our purpose statement, We Pursue a Higher Standard, is to protect our people, places and planet. Not only is social responsibility the right thing to do, it is critical to our success. 2017 was another year of stron
Slide 17: Governance Highlights
NYSE: CDE JC 2016 Governance Highlights * Governance Practices Governance Practices Board Refreshment and Succession Planning Two new independent directors added to the Board in February 2018 and five directors – or 50% of the Board – added in last five yearsIn 2017, the Board engaged a third party
Slide 18: Diverse Board Led by Independent Chair
NYSE: CDE JC 2016 Diverse Board Led by Independent Chair Nine out of ten Directors are independent (all except CEO); all four main committees comprised of independent directors onlyTwo new directors appointed in February 2018 having skills and experiences that complement other directorsBalance of ne
Slide 19: Appendix
NYSE: CDE JC 2016 Appendix
Slide 20: Non-GAAP to U.S. GAAP Reconciliation
NYSE: CDE JC 2016 Non-GAAP to U.S. GAAP Reconciliation * Unaudited EBITDA Reconciliation ($ thousands) 2017 2016 Net income (loss) ($1,319) $55,352 Income (loss) from discont. ops., net of tax 12,244 (32,917) Interest expense, net of capitalized interest 16,440 36,896 Income tax provision (benefit)
Slide 21: Non-GAAP to U.S. GAAP Reconciliation (cont.)
NYSE: CDE JC 2016 Non-GAAP to U.S. GAAP Reconciliation (cont.) All-in Sustaining Costs Unaudited * ($ thousands, except per ounce amounts) 2017 2016 Costs applicable to sales $440,260 $335,375 Treatment and refining costs 5,912 4,307 Sustaining capital 65,010 71,134 General and administrative 33,616
Slide 22: Executive Leadership
NYSE: CDE JC 2016 Executive Leadership * Mitchell J. Krebs – President and Chief Executive Officer. During his twenty-year tenure with Coeur, Mr. Krebs has led nearly $2 billion in capital raising and debt restructuring activities and has facilitated over $2 billion of acquisitions and divestitures.
Slide 23: Board of Directors
NYSE: CDE JC 2016 Board of Directors Robert E. Mellor – Former Chairman, Chief Executive Officer, and President of Building Materials Holding Corporation (distribution, manufacturing, and sales of building materials and component products) from 1997 to January 2010, director from 1991 to January 201
Slide 24: Contact Information
NYSE: CDE JC 2016 Contact Information * Corporate office: Coeur Mining, Inc.104 S. Michigan Ave., Suite 900Chicago, IL 60603 Main telephone: +1 (312) 489-5800 Stock ticker: CDE: NYSE Website: www.coeur.com Contact: Courtney R.B. LynnVice President, Investor Relations & Treasurerclynn@coeur.com