REG-Bodycote Plc: Long-term incentive performance measures and targets

BodycoteAnnouncement

17/04/2025 15:45

17 April 2025

Bodycote plc

(the Company) 
 

Long-term Incentive Performance Measures and Targets

 

Further to the publication of the 2024 Annual Report and Accounts on 15 April
2025 (RIS ref: 4136167), the Company confirms  that the performance targets
to be used for the Bodycote Incentive Plan (BIP) award made on 21 March 2025
(as referenced in the Directors’ remuneration report) are as set out below:

 Metric                                         EPS level below which no award vests  Threshold (25% vesting)                                                   Target (100% vesting)  Maximum (175% vesting)                                                     
 Return on Capital Employed (ROCE) 1 (40%)      47p                                   15.0%                                                                     17.2%                  20.0%                                                                      
 Earnings Per Share (EPS) CAGR (40%)            -                                     +2%                                                                       + 5%                   +10%                                                                       
 ESG 2 (absolute Group CO 2 e emissions) (20%)  -                                     Maximum of 243.1ktCO 2 e (a reduction over three years of at least 7.3%)                         Maximum of 228.2ktCO 2 e (a reduction over three years of at least 13.0%)  

 

1           For the purposes of the BIP, pre-tax ROCE is calculated
using actual exchange rates. Capital Employed includes the goodwill existing
as at the start of the performance period (1 January 2025) only.

2           Full vesting of the EPS metric will be based on meeting
the Group’s new SBTi target reduction, requiring absolute reductions by
December 2027 to align to the Group’s 2030 target (a 46% reduction compared
with 2019 levels).  This equates to an average annual reduction of 4.5%. 
The threshold target will be based on meeting an annual absolute reduction
that aligns with a ‘well-below 2 degree’ pathway, which requires an
average annual reduction of 2.5%. 

  

For further information, please contact:

Bodycote plc

Jim Fairbairn, Chief Executive Officer

Ben Fidler, Chief Financial Officer

Peter Lapthorn, Head of FP&A and Investor Relations

Tel: +44 1625 505300

 

FTI Consulting

Richard Mountain

Susanne Yule

Tel: +44 20 3727 1340

 



Copyright (c) 2025 PR Newswire Association,LLC. All Rights Reserved