Wienerberger : Remuneration Managing Board - Targets STI and LTI 2024
April 16, 2024 at 07:11 am EDT
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TARGETS STI & LTI 2024
Remuneration Managing Board
REMUNERATION POLICY FOR THE MANAGING BOARD FROM 2024
TARGETS SHORT-TERM INCENTIVE (STI) &
LONG-TERM INCENTIVE (LTI) 2024
In order to continue the transparent communication with its shareholders, wienerberger discloses the targets for the STI 2024 and the LTI tranche 2024-2026 for the Managing Board ahead of the 2024 Annual General Meeting.
All targets have been set by the Supervisory Board in accordance with the Remuneration Policy for the Managing Board from 2024, based on a recommendation of the Nomination & Remuneration Committee.
Peter Steiner
Chairman of the Supervisory Board of Wienerberger AG
12/04/2024
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REMUNERATION POLICY FOR THE MANAGING BOARD FROM 2024
SHORT-TERM INCENTIVE (STI) - TARGETS 2024
Minimum target
Full target
Maximum target
STI Performance Criteria
Weighting
achievement
achievement
achievement
(= 0%)
(= 100%)
(= 150%)
Operating EBITDA
50%
700 mEUR
770 mEUR
800 mEUR
Free Cash Flow
10%
300 mEUR
367 mEUR
400 mEUR
Decarbonization & energy mix
CO2 - Scope 1 & 2 Reduction
6.67%
-18.0%
-18.5%
-19.0%
CO2 - Scope 3 Reduction
6.67%
-2.0%
-3.0%
-4.0%
Renewable Energy used in own operations
6.67%
8.0%
9.0%
10.0%
Water Management
35mn m³ water harvested, retained and saved
through our products in infrastructure and
10%
6 mn m³
8 mn m³
10 mn m³
agriculture
15% reduction of water consumption in own
10%
-2.0%
-5.0%
-8.0%
operations
12/04/2024
3
REMUNERATION POLICY FOR THE MANAGING BOARD FROM 2024
LONG-TERM INCENTIVE (LTI) - TARGETS FOR THE TRANCHE 2024 - 2026*
Minimum
Full target
Maximum
LTI Performance Criteria
Weighting
target
target
achievement
achievement
achievement
(= 0%)
(= 100%)
(= 150%)
Relative TSR
20%
25
50
75
ROCE
40%
14
17
17.5
ESG
GHG emission Scope 1 & 2 intensity (vs base year 2020)
13.3%
-22
-25
-26
Revenue from building products supporting net zero
13.3%
73
75
76
buildings
Reduction of Scope 3 emission (vs base year 2022)
13.3%
-7
-10
-11
* Payout in 2027
12/04/2024
4
REMUNERATION POLICY FOR THE MANAGING BOARD FROM 2024
PEER GROUPS
The amount and structure of the Managing Board's remuneration was reviewed in 2023 as part of a comprehensive market comparison.
The comparison was carried out with two different peer groups.
The first peer group focuses on companies that operate in comparable business areas. It is made up of 22 companies from the STOXX® Europe 600 Construction & Materials Index, which is also used to measure relative TSR performance, as well as other competitors of a comparable size.
Industry peer group
Ackermans & Van Haaren
CRH
Genuit Group
Ibstock
Saint Gobain
SWECO
Arcadis
Ferrovial
Heidelberg Materials
Kingspan Industrier
Signify
Uponor
Balfour Beatty
Forterra
H+H International
Nibe Industrier
Sika
Boral
Geberit
Holcim
ROCKWOOL
STO
In addition, the ATX companies were taken into account in order to reflect the national environment.
Wienerberger AG published this content on
16 April 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
16 April 2024 11:10:03 UTC.
Wienerberger AG is one of Europe's largest building materials producers. Net sales break down by family of products as follows:
- walls, ceilings and roofing (54%): perforated bricks, facing bricks, tiles (clay, concrete or chimney tiles). Wienerberger AG is the world's leading producer of bricks;
- pipes (27%): pipes for water conveyance and sewers and concrete floor tiles.
The remaining sales (19%) relate to activity in North America.
At the end of 2022, the group operated 216 industrial sites worldwide.
Net sales are distributed geographically as follows: Germany (6%), the United Kingdom (8.2%), the Netherlands (8%), Austria (5.8%), Poland (5.5%), France (5%), Europe (30.5%), the United States (17.4%) and other (13.6%).
WIENERBERGER AG 
