Cf Industries Holdings, Inc. · NYSE:CF
Cf Industries — Shareholder Meeting (March 2018)
15 slides from Cf Industries's shareholder meeting presentation, Mar 15, 2018
Slide 1: Business Overview
Business Overview Essential plant nutrient End Uses for our products Chemical feedstock Emissions control CF Industries is a leading global fertilizer and chemical company with outstanding operational capabilities and a highly cost advantaged production and distribution platform Our 3,000 employees
Slide 2: Our Strategy
Our Strategy Vision Corporate strategy CF core values Distinctive set of core capabilities A leading chemical company with superior shareholder returns over the cycle Leverage core capabilities to optimize and grow the world’s most advantaged nitrogen and chemicals platform to serve customers, creat
Slide 3: Strong Performance Supporting Long-Term Value Creation
Strong Performance Supporting Long-Term Value Creation Achieved industry leading recordable injury rate of 0.67 (industry average: 2.2), our lowest rate, while being the largest nitrogen producer in the world New capacity expansion plants started up safely and achieved up to 15-20% higher output tha
Slide 4: Balanced Approach to Capital Allocation
Total Shares Outstanding (in millions) 323.3 296.0 256.7 236.1 233.1 233.9 Balanced Approach to Capital Allocation Capital allocation philosophy balances strategic investments with returning cash to shareholders Capital Allocation Priorities Commitment to investment grade metrics over long term Purs
Slide 5: Independent Board with the Right Skills and Expertise
Independent Board with the Right Skills and Expertise Balanced Tenure Average Tenure: 6.9 Years Summary of Core Director Competencies Skill Definition Total1 Public Company Governance Deep understanding of the Board’s duties and responsibilities enhances board effectiveness and ensures independent o
Slide 6: Ratification of Shareholder Right to Call Special Meetings
Ratification of Shareholder Right to Call Special Meetings We are seeking ratification of our current charter and bylaw provisions that grant holders of at least 25% of our outstanding shares the ability to call special meetings We have maintained this special meeting right since 2014, when we put f
Slide 7: Corporate Governance Practices
Regular assessment of Board composition and attributes; considers diversity in identifying nominees for directors Annual election of directors Proxy access bylaw (3% ownership threshold with a 3-year holding period / 25% of the Board / 20 aggregation limit) Stock ownership requirements for directors
Slide 8: Components of 2017 Compensation
= Base Salary Components of 2017 Compensation Paid in line with individual performance and contribution to company goals Aligned to competitive market data Salary Annual Incentives See slide 10 for more details regarding the design of our annual incentive plan Subject to achievement of a specified E
Slide 9: Design of Annual Incentive Program
Design of Annual Incentive Program The annual incentive awards granted to our named executive officers are contingent on exceeding an EBITDA threshold for the company's fiscal year, with the compensation committee reserving negative discretion If that threshold is attained, actual payments are deter
Slide 10: Historical AIP Payouts Demonstrate Pay-for-Performance Linkage
Historical AIP Payouts Demonstrate Pay-for-Performance Linkage Our management team has executed our strategy and operated our business very well over the past three years We have received numerous safety awards, completed the construction and safe start-up of our capacity expansion plants, and maint
Slide 11: Compensation Governance
Compensation Governance Strong pay-for-performance alignment Robust clawback policy CEO stock ownership guideline: 5x base salary Annual bonus is 100% formulaic A majority of compensation for CEO and NEOs is performance-based and paid in equity No employment agreements Named executive officers are p
Slide 12: Committed to the U.N. Sustainable Development Goals
Committed to the U.N. Sustainable Development Goals Our business supports thousands of direct and indirect American jobs, contributing to the local economies and financial well-being of communities By feeding the crops that feed the world, we’re helping ensure food security for people worldwide We’r
Slide 13: 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 14: Additional Information and Where to Find It
Additional Information and Where to Find It CF Industries Holdings, Inc. (the “Company”) and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the Company’s stockholders in connection with the Company’s 2018 annual meeting of stockholders (the
Slide 15: Additional Information and Where to Find It
Additional Information and Where to Find It CF Industries Holdings, Inc. (the “Company”) and its directors and executive officers may be deemed to be partici in the solicitation of proxies from the Company's stockholders in connection with the Company's 2018 annual meeting of stockholders (the “Annu
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