Corpay, Inc. · NYSE:CPAY
Corpay — Fleetcor Technologies — Shareholder Meeting (March 2020)
11 slides from Corpay's shareholder meeting presentation, Mar 16, 2020
Slide 1: 2020 Annual Meeting Shareholder Engagement
2020 Annual Meeting Shareholder Engagement March 2020 FLEETCOR | Proprietary & Confidential 1
Slide 2: Safe Harbor Provision
This presentation contains forward-looking statements within the meaning of the federal securities laws. Statements that are not historical facts, including statements about FLEETCOR's beliefs, expectations, assumptions and future performance, are forward-looking statements. Forward-looking statemen
Slide 3: Additional Information
Additional Information In connection with the Company’s 2020 Annual Meeting of Shareholders, the Company will file with the U.S. Securities and Exchange Commission (the “SEC”) and furnish to the shareholders of record entitled to vote at the 2020 Annual Meeting of Shareholders a definitive proxy sta
Slide 4: Overview
Overview 1 Superior Track Record of Growth 2 Forward-leaning Corporate Governance 3 Forward-leaning Compensation Governance 4 Responsive to Shareholder Feedback 5 Meaningful Changes to CEO Pay FLEETCOR | Proprietary & Confidential 4
Slide 5: Superior Track Record of Growth
Superior Track Record of Growth FLEETCOR has delivered for shareholders every year since its IPO generating compound annual growth rates of 24% in adjusted net income per share and 32% in share price Adjusted Net Income/Share1 FLT Share Price 2011-2019 CAGR= 24% 2011-2019 CAGR= 32% 2017 2018 $11.79
Slide 6: Forward-leaning Corporate Governance
Forward-leaning Corporate Governance FLEETCOR has made significant improvements in Corporate Governance Highly engaged, experienced Board Proxy access 8 of 9 Directors are independent No supermajority shareholder voting Broader Director diversity search criteria Expanded shareholder enga
Slide 7: Forward-leaning Compensation Governance
Forward-leaning Compensation Governance FLEETCOR has made significant improvements in Compensation Governance CEO compensation aligned with Company CEO equity incentive tied to longer performance performance period NEO (other than CEO) comp aligned with Company No repricing or cashing out of
Slide 8: Responsive to Shareholder Feedback
Responsive to Shareholder Feedback FLEETCOR’S Board and Compensation Committee are committed to being responsive to shareholders 73% Vote AgainstAugmented SOP Reviewed Committee Changed Other 74% Vote Reduced Shareholder Investor Sought CEO Pay Changes Against SOP CEO Pay Engagement Feedback Adjustm
Slide 9: Meaningful Changes to CEO Pay
Meaningful Changes to CEO Pay FLEETCOR has taken dramatic steps to align CEO compensation principles with shareholder feedback and best practices Total target compensation for both 2018 and 2019 set in alignment with peer median Base pay restricted to 2018 amounts Incentives earned only upon s
Slide 10: Appendix: Non-GAAP to GAAP Reconciliations
Appendix Non-GAAP to GAAP Reconciliations About Non-GAAP Financial Measures This presentation includes certain measures described below that are non-GAAP financial measures. Adjusted net income is calculated as net income, adjusted to eliminate (a) non-cash stock based compensation expense related t
Slide 11: Reconciliation of Net Income to Adjusted Net Income per Diluted Share
Reconciliation of Net Income to Adjusted Net Income and Adjusted Net Income per Diluted Share ($ in millions, except per share amounts) Year Ended December 31,3 2019 2018 2017 2016 2015 2014 2013 2012 2011 Net income $895 $811 $740 $452 $362 $369 $285 $216 $147 Net income per diluted share $9.94 $8.
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