Experian 2016 Annual Report Download - page 86

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Remuneration at a glance
Arrangements for the coming year
Opportunity: 100% of salary at target
and 200% of salary at maximum performance
Performance metrics: Benchmark PBT
growth of the business
Deferral: Between 50% and 100% of bonus
may be deferred into the CIP
How did we perform in the year?
Financial
performance
Cash flow
conversion
105%
Return on
capital employed
15.4%
Organic revenue
growth
5%
Returns to
shareholders
US$972m
of bonus will
be voluntarily
deferred into
Experian shares
for three years
(CEO: £1.75m)
100%
of all vested shares
from CIP or PSP are
required to be retained
until shareholder
guidelines are met
At least
50%
Shareholding
guidelines:
300% of salary for CEO;
200% of salary for other
executive directors
Ensuring shareholder alignment
1,270
1,359
1,321
2016
15
14
1,175
13
1,124
12
Operating cash flow (US$m)
15.4%
14.9%
15.6%
2016
15
14
15.5%13
15.1%
12
Return on capital employed
£0
£100
£200
2011 2012 2013 2014 2015 2016
Total shareholder return Experian FTSE 100
How was our performance reflected
in our pay?
Outcomes against performance
metrics for the year:
Brian Cassin
£’000
Lloyd Pitchford
£’000
Kerry Williams
US$’000
Salary 875 540 924
Benefits 18 19 29
Pension 175 108 12
Annual bonus 1,750 1,080 1,850
Share-based incentives 774 784 1,011
Total 3,592 2,531 3,826
Bonus
Increases of between 2.7% and 2.9% for
executive directors
Salary
Opportunity: Matching awards of up to 2:1
Performance metrics: Benchmark PBT per share
(50%) and Cumulative operating cash flow (50%)
CIP
Opportunity: Up to 200% of salary
Performance metrics: Benchmark PBT per share
(75%) and TSR relative to the FTSE 100 Index (25%)
PSP
Applied to all variable incentive awards made in
the year
Clawback
and malus
Annual Benchmark
PBT growth*:
*At constant currency
3-year average
Benchmark PBT growth*:
3-year Cumulative
operating cash flow*:
3-year Total
shareholder return:
5.3%
6.3%
US$4.3bn
Outperformed the
FTSE 100 by 6.8%
84 Governance •Report on directors’ remuneration