Cf Industries Holdings, Inc. · NYSE:CF
Cf Industries — Shareholder Meeting (April 2019)
13 slides from Cf Industries's shareholder meeting presentation, Apr 25, 2019
Slide 1: Safe harbor statement
Safe harbor statement All statements in this communication by CF Industries Holdings, Inc. (together with its subsidiaries, the “Company” or “we,” “our” or “us”), other than those relating to historical facts, are forward-looking statements. These statements relate to analyses and other information
Slide 2: Executive Summary
Executive Summary 3 Who We Are Our Compensation Targets are Designed to Align with Our Business Our Historical Payouts and Strong Shareholder Returns Over the Cycle Demonstrate Strong Pay for Performance Linkage We Value and Respond to Shareholder Feedback CF operates in a cyclical industry and our
Slide 3: Historical Payouts Demonstrate Pay-for-Performance Linkage
4 Historical Payouts Demonstrate Pay-for-Performance Linkage Target levels of Adjusted EBITDA associated with our annual incentive program and our actual performance relative to these targets are consistent with what is expected for a cyclical company like CF CF has a track record of paying for perf
Slide 4: 2018 Performance Levels Reflect the Cyclicality of Our Business
5 2018 Performance Levels Reflect the Cyclicality of Our Business Our industry is inherently cyclical, and our financial results are significantly impacted by highly volatile commodity prices for both our products and inputs Industry conditions can differ dramatically year-to-year Accordingly, targe
Slide 5: Strong Performance Supporting Long-Term Value Creation
Strong Performance Supporting Long-Term Value Creation Strong 2018 Results Amid Improving Market Conditions Due to the cyclical nature of the commodity chemical industry in which we operate, it is important to consider performance over a longer time horizon than just one year Strong Shareholder Retu
Slide 6: Ongoing, Open Dialogue with Shareholders
Ongoing, Open Dialogue with Shareholders Shareholders Provided Valuable Feedback on a Variety of Issues Financial and Operating Performance Corporate Governance Executive Compensation Sustainability Corporate Strategy 7 Annual Meeting Proxy Filing Fall Engagement Discuss investor votes from prior an
Slide 7: Commitment to Environmental Stewardship
Commitment to Environmental Stewardship Enhanced Environmental Disclosures for 2018 8 In response to shareholder feedback we received on sustainability-related topics – and the importance of environmental engagement that our investors express to us – we accelerated the timeline on which we report en
Slide 8: Corporate Governance Practices are Informed by Shareholder Feedback
Corporate Governance Practices are Informed by Shareholder Feedback Strong Corporate Governance Practices 9 Regular assessment of Board composition and attributes; consideration of diversity in identifying nominees for directors Annual election of directors with majority voting in uncontested electi
Slide 9: Shareholder Proposal to Act by Written Consent
10 Shareholder Proposal to Act by Written Consent The Board has given careful consideration to the shareholder proposal regarding the right of shareholders to act by written consent and believes that it is not in the best interests of the company and its shareholders 1 The Board considers this propo
Slide 10: Shareholder Proposal to Act by Written Consent
Shareholder Proposal to Act by Written Consent The Board has given careful consideration to the shareholder proposal regarding the right of shareholders to act by written consent and believes that it is not in the best interests of the company and its shareholders 1 The Board considers this proposal
Slide 11: Components of 2018 Compensation
= Base Salary Components of 2018 Compensation Paid in line with individual performance and contribution to company goals Aligned to competitive market data – all of our named executive officers are at or slightly below the peer group median for target total direct compensation Salary Annual Incentiv
Slide 12: Compensation Metrics Tie to Business Strategy
Compensation Metrics Tie to Business Strategy Annual Incentives Long-Term Incentives Adjusted EBITDA Safety Gate Ammonia Production Average Return on Net Assets (RONA) TSR Adjusted EBITDA is the primary metric by which we measure our profitability and by which investors measure our performance The s
Slide 13: Compensation Metrics Tie to Business Strategy
Compensation Metrics Tie to Business Strategy | + The Committee selects performance metrics for our incentive compensation programs that align executive interests with those of our shareholders + Executives are focused on achieving top performance across metrics that are directly tied to shareholder
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