Wienerberger : Remuneration Managing Board - Targets STI and LTI 2024 (2024)

WIENERBERGER AG

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Wienerberger AG

Equities

WIE

AT0000831706

Construction Materials

Real-time Estimate Tradegate Other stock markets 11:00:15 2024-04-18 am EDT			5-day change	1st Jan Change
33.27 ^EUR	+1.37%		+0.42%	+10.06%

Mar. 28	Factbox-Companies sell their businesses in Russia	RE
Mar. 28	Foreign firms' losses from exiting Russia top $107 billion	RE

April 16, 2024 at 07:11 am EDT

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

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

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

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.

12/04/2024

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Disclaimer

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.

Latest news about Wienerberger AG

Factbox-Companies sell their businesses in Russia	Mar. 28	RE
Foreign firms' losses from exiting Russia top $107 billion	Mar. 28	RE
Stroymix acquired Wienerberger Kurkachi and Wienerberger Brick Factories in Russia from Wienerberger AG.	Mar. 27	CI
Wienerberger AG completed the acquisition of Business of Terreal Group in Germany, France, Italy, Spain and the USA from TERREAL SAS.	Feb. 29	CI
Austria's wienerberger Buys US-based Summitville Tiles	Feb. 29	MT
Wienerberger AG Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 21	CI
Transcript : Wienerberger AG, 2023 Earnings Call, Feb 21, 2024	Feb. 21
EFriends Energy GmbH announced that it has received funding from Wienerberger AG, VERBUND X Ventures, RWA Invest GmbH, Rockstart Enterprises B.V.	Jan. 23	CI
Wienerberger AG Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 09	CI
Transcript : Wienerberger AG, Nine Months 2023 Earnings Call, Nov 09, 2023	Nov. 09
Transcript : Wienerberger AG - Analyst/Investor Day	23-10-10
Transcript : Wienerberger AG, H1 2023 Earnings Call, Aug 10, 2023	23-08-10
Wienerberger AG Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-08	CI
French Competition Watchdog Clears Acquisition of Terreal by Austria’s Wienerberger	23-06-19	MT
Transcript : Wienerberger AG, Q1 2023 Earnings Call, May 11, 2023	23-05-11
Wienerberger AG Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-11	CI
Wienerberger AG Announces Board Changes	23-05-05	CI
Wienerberger AG Resolves to Distribute, Payable on May 12, 2023	23-05-05	CI
Wienerberger Buys Swedish Technology Company Wideco	23-04-04	MT
Moody's Lifts Ratings on Austrian Brick Maker Wienerberger	23-03-29	MT
Austrian Brick Maker Wienerberger to Initiate New EUR26 Million Share Buyback Program	23-03-29	MT
Wienerberger AG agreed to acquire Strøjer Tegl A/S.	23-02-26	CI
Wienerberger AG Reports Earnings Results for the Full Year Ended December 31, 2022	23-02-22	CI
Wienerberger AG Reports Earnings Results for the Full Year Ended December 31, 2022	23-02-22	CI
	23-02-22	CI

Chart Wienerberger AG

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Company Profile

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%).

Sector

Construction Materials

Calendar

2024-05-07 - Annual General Meeting

Related indices

STOXX EUROPE 600 (EUR) , ATX Austrian

More about the company

Income Statement Evolution

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Ratings for Wienerberger AG

Trading Rating

Investor Rating

ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

32.82EUR

Average target price

35.72EUR

Spread / Average Target

+8.84%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Wienerberger : Remuneration Managing Board - Targets STI and LTI 2024

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