Page 56 - Bradken Annual Report 2013_Page flip

Basic HTML Version

20 BRADKEN LIMITED ANNUAL REPORT 2013
Directors’ Report
30 June 2013
Bradken Limited
Directors' report (continued)
30 June 2013
D. Remuneration report (continued)
Relationship between remuneration and Bradken Limited's performance
2009
2010
2011
2012
2013
169,098
167,034
189,422
220,402
183,604
169,098
167,034
196,059
220,402
214,016
64,268
70,441
67,561
100,533
66,937
64,268
70,441
87,082
100,533
96,054
52.5
54.1
47.6
60.5
39.6
28,856
46,009
59,821
68,747
64,311
44.9% 65.3% 88.5% 68.4% 96.1%
4.31
7.20
7.96
5.19
4.31
-50% 67% 11% -35% -17%
1.1% 1.8% 4.1% 1.7% 1.8%
The following table shows key performance indicators for the group over the last five years:
Profit for the year attributable to
owners of Bradken Limited ($’000)
Basic earnings per share (cents)
Dividends ($’000)
Dividend payout ratio (%)
Increase/(decrease) in share price (%)
Total KMP incentives as percentage of
profit/ (loss) for the year (%)
Unadjusted EBITDA ($'000)
Underlying EBITDA ($'000)
Underlying profit for the year attributable to
owners of Bradken Limited ($’000)
The graphs below illustrate two of the key links between key management personnel remuneration and Bradken Limited’s
performance.
The first two graphs illustrate the link between Bradken Limited’s net profit before tax and EBITDA, both unadjusted and
underlying, compared to payments made under the STI plan. In the 2011 year STI payouts were calculated against underlying
NPAT and underlying EBITDA.
* Profit before tax is profit from continuing operations before income tax expense.
** STI % of target reflects the percentage of the target STI pool that was paid out to executives.
The last graph illustrates the operation of the long-term incentive plan by comparing Bradken Limited's TSR performance to the
median TSR of the ASX Small Industrials Index (see page 22 below) over the last five years.
Dividends shown above and the payout ratio calculated is in respect to profit earned for the year.
BKN Y/E Share Price ($'s)
Page 20
Bradken Limited