Interpump Group S.p.a. · MIL:IP
Interpump — Shareholder Meeting (April 2025)
28 slides from Interpump's shareholder meeting presentation, Apr 2, 2025
Slide 1: Interpump Group 2025-2027 Stock Option Plan
INTERPUMP GROUP 2025-2027 STOCK OPTION PLAN 2 April 2025
Slide 2: 2025-2027 SOP Index
2025-2027 SOP INDEX ▪ IMPROVEMENT JOURNEY ▪ 2025-2027 STOCK OPTION PLAN ▪ ANNEX – 2022-2024 AND 2025-2027 DETAILED COMPARISON For additional information see please 1. REPORT ON REMUNERATION POLICY FOR THE 2025-2027 THREE YEAR PERIOD AND REMUNERATION PAID IN 2024; 2. INFORMATION DOCUMENT ON THE INCEN
Slide 3: Improvement Journey
2025-2027 SOP INDEX ▪ IMPROVEMENT JOURNEY 2
Slide 4: Improvement Journey
2025-2027 SOP IMPROVEMENT JOURNEY 2019: 2019-21 Stock Option Plan 2024: 2024 Remuneration Policy, Section II 2021: 2021-2023 Remuneration Policy, Section I 2025: 2025-2027 Remuneration Policy, Section I and II 2025-2027 Stock Option Plan 2022: 2022-2024 Stock Option Plan 2023: 2023-2025 Remuneration
Slide 5: 2025-2027 Stock Option Plan
2025-2027 SOP INDEX ▪ IMPROVEMENT JOURNEY ▪ 2025-2027 STOCK OPTION PLAN 4
Slide 6: Highlights
2025-2027 SOP HIGHLIGHTS ▪ N° of options: 2.450.00 ‒ 2.250.000 correlated to 100% target achievement ‒ 200.000 correlated to 110% overachievement of financial KPIs ▪ KPI redefinition ‒ Financial targets: TSR added, Group sales and EBITDA confirmed • Including M&A activities • Introduction of overper
Slide 7: 2025 Improvements
2025-2027 SOP 2025 IMPROVEMENTS VESTING TARGET KPI % WEIGHT PERFORMANCE PAY OUT PERIOD Entry point 80% Sales 35% Target 100% Maximum 110% Entry point 80% FINANCIAL (M&A included) EBITDA 35% Target 100% End of three-year Maximum 110% plan period Entry point 80% TSR 15% Target 100% Maximum 110% Achiev
Slide 8: Group SOP Historical Evolution
2025-2027 SOP GROUP SOP HISTORICAL EVOLUTION KEY ELEMENTS STOCK OPTION PLAN STOCK OPTION PLAN STOCK OPTION PLAN 2019-2021 2022-2024 2025-2027 N° OF OPTION 2.500.000 2.250.000 2.450.000 (1) EXERCISE PRICE € 28.4952 € 38.6469 [€ 36.5160] ▪ Financial: Group sales, EBITDA & ▪ Financial: Group sales ▪ Fi
Slide 9: Group SOP Historical Evolution
2025-2027 SOP GROUP SOP HISTORICAL EVOLUTION KEY STOCK OPTION PLAN STOCK OPTION PLAN STOCK OPTION PLAN ELEMENTS 2019-2021 2022-2024 2025-2027 ▪ Exercise period starts one month after the approval of last year Financial Report EXERCISE (e.g. for 2025-2027 SOP 30 June 2028) ▪ Executive directors: hold
Slide 10: Annex
2025-2027 SOP ANNEX ▪ IMPROVEMENT JOURNEY ▪ 2025-2027 STOCK OPTION PLAN ▪ ANNEX – 2022-2024 AND 2025-2027 DETAILED COMPARISON 9
Slide 11: Disclaimer
2025-2027 SOP ANNEX – DISCLAIMER This document has been prepared by Interpump Group S.p.A for Company shares and neither this entire document or a portion of it use during meetings with investors and financial analysts and is may constitute a recommendation to effect any transaction or to solely for
Slide 12: Definitions – Figures and Bodies
2025-2027 SOP ANNEX – DEFINITIONS – FIGURES AND BODIES ▪ “Beneficiaries”: the Employees, Directors and/or Collaborators of the Group identified - at the unchallengeable and discretionary discretion of the Board of Directors - among the persons who hold or perform relevant roles or functions in or fo
Slide 13: Definitions – Remuneration Components
2025-2027 SOP ANNEX – DEFINITIONS – REMUNERATION COMPONENTS ▪ Bonuses and Other Incentives”: this is the variable part of compensation, including the portions of remuneration, even if not yet paid, vested during the year for objectives that have been achieved in the year, in relation to cash type in
Slide 14: Definitions – Remuneration Components
2025-2027 SOP ANNEX – DEFINITIONS – REMUNERATION COMPONENTS ▪ “Profit sharing”: this is the amount of profit due on an accrual basis, even if approval of the financial statements and distribution of profits are still pending. ▪ “Stock Option”: these are (i) options held at the start of the year, wit
Slide 15: Definitions – Stock Option Plan
2025-2027 SOP ANNEX – DEFINITIONS – STOCK OPTION PLAN • “Approval of the initial grant of the Options cycle”: the approval of the initial grant of the Options cycle of the Options that goes from (i) the approval of the initial grant of the Options to the Beneficiaries of the Options (ii) to the poss
Slide 16: Definitions – Stock Option Plan
2025-2027 SOP ANNEX – DEFINITIONS – STOCK OPTION PLAN • “Minimum Holding”: the minimum percentage of Shares to be held by the Beneficiary and the relevant time period following the Exercise of the Options pursuant to section 4.6 below. • “Options”: all the maximum 2,450,000 (two million four hundred
Slide 17: 2022-2024 and 2025-2027 Detailed Comparison
2025-2027 SOP ANNEX – 2022-2024 AND 2025-2027 DETAILED COMPARISON 2022-2024 SOP 2025-2027 SOP DEFINITIONS DEFINITIONS “Approval of the initial grant of the Options cycle”: the approval of the initial grant of the Options cycle of the Options that goes from (i) the approval of the initial grant of th
Slide 18: 2022-2024 and 2025-2027 Detailed Comparison
2025-2027 SOP ANNEX – 2022-2024 AND 2025-2027 DETAILED COMPARISON 2022-2024 SOP 2025-2027 SOP period 2025-2027 approved by the Board of Directors on 21 March 2025 and which will be subject to approval by binding vote of the Ordinary Shareholders’ Meeting convened for 29 April 2025. 1. RECIPIENTS 1.
Slide 19: 2022-2024 and 2025-2027 Detailed Comparison
2025-2027 SOP ANNEX – 2022-2024 AND 2025-2027 DETAILED COMPARISON 2022-2024 SOP 2025-2027 SOP It should be noted that the Beneficiaries will be identified among the Directors of Group companies in office on the Date of approval of the initial grant of the Options. 2. REASONS FOR ADOPTIN THE PLAN 2.
Slide 20: 2022-2024 and 2025-2027 Detailed Comparison
2025-2027 SOP ANNEX – 2022-2024 AND 2025-2027 DETAILED COMPARISON 2022-2024 SOP 2025-2027 SOP The principal aims pursued by the Board of Directors in adopting (iv) as part of its attraction policies, to draw talented managerial and the Plan include: professional resources in national and internation
Slide 21: 2022-2024 and 2025-2027 Detailed Comparison
2025-2027 SOP ANNEX – 2022-2024 AND 2025-2027 DETAILED COMPARISON 2022-2024 SOP 2025-2027 SOP 4. CHARACTERISTICS OF THE OPTIONS 4. CHARACTERISTICS OF THE OPTIONS 4.2 Period of actual implementation of the Plan with reference also 4.2 Period of actual implementation of the Plan with reference also to
Slide 22: 2022-2024 and 2025-2027 Detailed Comparison
2025-2027 SOP ANNEX – 2022-2024 AND 2025-2027 DETAILED COMPARISON 2022-2024 SOP 2025-2027 SOP 4.5 Plan implementation procedures and clauses, specifying 4.5 Modalities and clauses for the implementation of the Plan, whether actual granting of the instruments is subordinate to the specifying whether
Slide 23: 2022-2024 and 2025-2027 Detailed Comparison
2025-2027 SOP ANNEX – 2022-2024 AND 2025-2027 DETAILED COMPARISON 2022-2024 SOP 2025-2027 SOP The Board of Directors proposes that the vesting and consequent For each of the performance objectives, a minimum threshold, a exercisability of the Options be subordinate to the achievement of target thres
Slide 24: 2022-2024 and 2025-2027 Detailed Comparison
2025-2027 SOP ANNEX – 2022-2024 AND 2025-2027 DETAILED COMPARISON 2022-2024 SOP 2025-2027 SOP Financial Declaration): Please note that for the ESG target, the minimum threshold is 1. in the “Environmental” area, the adoption of solutions aimed at deemed to be reached upon the achievement of 1 (one)
Slide 25: 2022-2024 and 2025-2027 Detailed Comparison
2025-2027 SOP ANNEX – 2022-2024 AND 2025-2027 DETAILED COMPARISON 2022-2024 SOP 2025-2027 SOP the performance of the individual Beneficiary with respect to such parameters as collaboration, commitment and value added to the Group. This will be assessed by the Board of Directors or, if the Beneficiar
Slide 26: 2022-2024 and 2025-2027 Detailed Comparison
2025-2027 SOP ANNEX – 2022-2024 AND 2025-2027 DETAILED COMPARISON 2022-2024 SOP 2025-2027 SOP 4.6 Lock-up constraints on the Options or the Shares resulting 4.6 Availability constraints on the Options or on the Shares deriving from exercise of the Options, with particular reference to the time from
Slide 27: 2022-2024 and 2025-2027 Detailed Comparison
2025-2027 SOP ANNEX – 2022-2024 AND 2025-2027 DETAILED COMPARISON 2022-2024 SOP 2025-2027 SOP currently applicable Remuneration Plan), a number of Shares equal to at least 20% (or a different amount defined in the currently applicable Remuneration Plan) of the Shares purchased following exercise of
Slide 28: 2022-2024 and 2025-2027 Detailed Comparison
2025-2027 SOP ANNEX – 2022-2024 AND 2025-2027 DETAILED COMPARISON 2022-2024 SOP 2025-2027 SOP 4.13 Indication of any dilutive effects on capital brought about by 4.13 Indication of any dilutive effects on capital brought about by the Plan the Plan Should the Plan be approved, all the Options be exer