Bayerische Motoren Werke Ag · XETR:BMW
Bayerische Motoren Werke — BMW Group — Shareholder Meeting (2025)
20 slides from Bayerische Motoren Werke's shareholder meeting presentation, 2025
Slide 1: BMW Annual General Meeting 2025: Agenda Item 7, Approval of the Remuneration Report
. . BMW ANNUAL GENERAL MEETING 2025. I N FO R M AT I O N O N AG E N DA I T E M 7 . A P P R O VA L O F T H E R E M U N E R AT I O N R E P O R T. -1-
Slide 2: Remuneration for Financial Year 2024
01 R E M U N E R AT I O N F O R FINANCIAL YEAR 2024. -2-
Slide 3: Approval of the Remuneration Report (1/2)
ITEM 7 – SUMMARISED OVERVIEW. APPROVAL OF THE REMUNERATION REPORT (1/2). For the financial year 2024, the remuneration system, which has been in force since 2021, has remained unchanged. Target remunerations within the remuneration levels remained constant. The required level of performance for the
Slide 4: Approval of the Remuneration Report (2/2)
ITEM 7 – SUMMARISED OVERVIEW. APPROVAL OF THE REMUNERATION REPORT (2/2). Approximately 39 % of the variable target remuneration for vesting year 2024 was linked to environmental, social or governance targets (ESG-targets). The share of the actual variable remuneration for vesting year 2024 linked to
Slide 5: Target Achievement for Variable Remuneration for Vesting Year 2024
TARGET ACHIEVEMENT FOR VARIABLE REMUNERATION FOR VESTING YEAR 2024.1 Weighting2 Min. Target Max. Actual value Target Value Value Value achievement Base salary Fixed Remuneration and fringe benefits Profit attributable to shareholders of BMW 4.0 7.0 12.7 7.290 Earnings component AG (in € billion) 90.
Slide 6: Performance Component of the 2024 Bonus: Characteristics of the Targets
PERFORMANCE COMPONENT OF THE 2024 BONUS: CHARACTERISTICS OF THE TARGETS.1 Innovation performance (environmental, e.g. proportion of sales attributable to all-electric vehicles (battery electric vehicles, BEV)) (E) A Reputation (corporate reputation) (G) Interdepartmental targets Adaptability (
Slide 7: Variable Target Remuneration for Vesting Year 2024: ESG Targets
OVERVIEW VARIABLE TARGET REMUNERATION FOR VESTING YEAR 2024. ESG TARGETS. O V E R V I E W O F VA R I A B L E TA R G E T R E M U N E R AT I O N 2 0 2 4 . Variable target remuneration for vesting year 2024: Bonus (STI) and Share-based remuneration (LTI). Bonus Earnings component (STI) Share-based
Slide 8: Share-Based Remuneration (LTI): Strategic Focus Targets
SHARE-BASED REMUNERATION (LTI): STRATEGIC FOCUS TARGETS. Min. Target Max. Actual Target Weighting1 value value value value achievement in % RoCE Automotive segment2 (in %) 2024 50 % 12 17 22 11.4 0% 2023 50 % 12 16 21 20.2 167 % 2022 50 % 12 15 21 18.1 141 % 2021 50 % 10 16 45 59.92 180 % Strategic
Slide 9: Share-Based Remuneration (LTI): Share Ownership Guideline
SHARE-BASED REMUNERATION (LTI): SHARE OWNERSHIP GUIDELINE. Shares of BMW common stock held by members of the Board of Management subject to holding requirements in connection with share-based remuneration for financial years 2020–20231 Share portfolio with Additions in the financial End of the holdi
Slide 10: Target and Actual Remuneration for Vesting Year 2024
TARGET AND ACTUAL REMUNERATION FOR VESTING YEAR 2024.1 Chairman of the Board2 Board member 1st period of office3 Board member 2nd period of office4 Target remuneration Actual remuneration Target remuneration Actual remuneration Target remuneration Actual remuneration in € in % in € in % in € in % in
Slide 11: Further Information on the Remuneration System for the Board of Management
02 F U R T H E R I N F O R M AT I O N O N T H E R E M U N E R AT I O N S Y S T E M FOR THE BOARD OF MANAGEMENT F O R F I N A N C I A L Y E A R 2 0 2 4 *. * Information on the proposed remuneration system for the members of the Board of Management beginning with the financial year 2025 see Item 8 — R
Slide 12: Overview of Compensation Components
OVERVIEW OF COMPENSATION COMPONENTS. General aspects. Base salary Fixed remuneration Maximum remuneration (€ 9.85m; € 5.5m, respectively € 4.925m2). ESG-criteria as part of the performance criteria. ~ 27 %1,4 Peer group comparison within selected targets. Malus and Clawback clauses related
Slide 13: Bonus Details
BONUS DETAILS. 1 E A R N I N G S C O M P O N E N T – „ F I N A N C I A L TA R G E TS “ . Base salary Target amount 50 % Earnings factor (max. 1.800) Basis: 1. Profit attributable to the shareholders of BMW AG. 2. Group return on sales after tax. Performance period: 1 Year Bonus (STI) 2 P E R F O R M
Slide 14: Share-Based Remuneration Details (LTI)
SHARE-BASED REMUNERATION DETAILS (LTI).1 1 RoCE factor Personal cash Target Automotive 50 % investment amount Segment amount Base salary (max. 1.80) (max. 180 % of target amount) 2 Attainment of at least 2 strategic Taxes and Target 50 % focus targets2 deductions amount (max. 1.80) Bonus (STI) Net-P
Slide 15: Overview Remuneration System Financial Year 2024 (1/6)
OVERVIEW REMUNERATION SYSTEM FINANCIAL YEAR 2024 (1/6).* Component Parameters/measurement base, applicable amounts Fixed remuneration components Member of the Board of Management: € 0.90 million p. a. (first period of office = first remuneration level) € 1.05 million p. a. (from second period of
Slide 16: Overview Remuneration System Financial Year 2024 (2/6)
OVERVIEW REMUNERATION SYSTEM FINANCIAL YEAR 2024 (2/6).* Component Parameters/measurement base, applicable amounts Variable remuneration components Bonus Target amount p. a. (at 100% target achievement): € 0.95 million (first period of office = first remuneration level) Bonus € 1.15 million (f
Slide 17: Overview Remuneration System Financial Year 2024 (3/6)
OVERVIEW REMUNERATION SYSTEM FINANCIAL YEAR 2024 (3/6).* Component Parameters/measurement base, applicable amounts Bonus (continued) Assessment period one year Base amount p. a. (50% of target bonus amount): € 0.475 million (first period of office = first remuneration level) € 0.575 million
Slide 18: Overview Remuneration System Financial Year 2024 (4/6)
OVERVIEW REMUNERATION SYSTEM FINANCIAL YEAR 2024 (4/6).* Component Parameters/measurement base, applicable amounts Share-based remuneration Requirement for Board of Management members to invest an earmarked cash amount (personal cash investment amount), net of tax and deductions, in BMW common sha
Slide 19: Overview Remuneration System Financial Year 2024 (5/6)
OVERVIEW REMUNERATION SYSTEM FINANCIAL YEAR 2024 (5/6).* Component Parameters/measurement base, applicable amounts Share-based remuneration (continued) Target amount of RoCE component p. a. (50% of target amount for personal cash investment amount): € 0.55 million (first period of office = first
Slide 20: Overview Remuneration System Financial Year 2024 (6/6)
OVERVIEW REMUNERATION SYSTEM FINANCIAL YEAR 2024 (6/6).1 Component Parameters/measurement base, applicable amounts Malus and clawback rules Agreement to withhold variable remuneration in the event of specified serious compliance violations or (withholding amounts provisionally) in the event of rea