Carphone Warehouse 2015 Annual Report Download - page 69

Download and view the complete annual report

Please find page 69 of the 2015 Carphone Warehouse annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 152

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152

Dixons Carphone plc Annual Report and Accounts 2014/15
Corporate Governance
67
The performance metrics and their weightings for 2015/16 are
shown in the table below:
Weighting (as a percentage of
maximum bonus
opportunity)
EBIT 60%
Net Debt 10%
ROCE 10%
Customer net promoter score 10%
Employee engagement 10%
iv) LTIP
There will be no further LTIP grants for executive directors
during 2015/16.
Remuneration details for 2014/15
Performance graph
The graph below shows the Group’s performance measured
through TSR on a holding of £100 in the Company’s shares,
compared with the FTSE 350 Index, since 29 March 2010
when the Company was first admitted to the London Stock
Exchange. The FTSE 350 has been used as it is a broad
market which includes the Company and a number of its
competitors. The Company’s performance up until the period
ended 29 March 2014, which was prior to the Merger, relates
to Carphone Warehouse plc. After the Merger on 6 August
2014, the Company was renamed Dixons Carphone plc.
Group Chief Executive pay
The following table shows, over the same five year period as
the performance graph above, the Group Chief Executive’s
single total figure of remuneration, the amount of bonus
earned as a percentage of the maximum remuneration
possible, and the vesting of long term awards as a percentage
of the maximum number of shares that could have vested
where applicable.
Y
ear
CEO single
figure of
remuneration(1)
£000
Annual
bonus
payout
against
maximum
%
Long term
incentive
vesting
rates
against
maximum
opportunity
%
Sebastian James 1,687 100 n/a
A
ndrew Harrison 420 100 n/a
2015 Total 2,107
A
ndrew Harrison 679 54% n/a
Roger Taylor 159 n/a n/a
2014 Total 838
2013 Roger Taylor 958 55% n/a
2012 Roger Taylor 474 0%(2) n/a
2011 Roger Taylor 1,193 82% n/a
(1) Excludes remuneration received from long term incentive schemes
established by Old Carphone Warehouse prior to the demerger
from TalkTalk because that company is not part of the current
Group. Details of remuneration associated with Old Carphone
Warehouse incentive schemes were provided in the company’s
annual report for the year ended 31 March 2012. Future reports
will include long term incentives operated by the current Group
when they have vested.
(2) Roger Taylor waived a bonus of 25% maximum potential and
instead chose for it to be paid directly to charity.
0
100
200
300
400
500
600
700
29 March
2010
31 March
2011
31 March
2012
31 March
2013
29 March
2014
2 May
2015
Value
(£)
Dixons Carphone plc
FTSE 350 Index
Tot al shareholder return
Source: Datastream