Remuneration Report 2019

Remuneration report continued Performance conditions and weighting Detail of performance conditions Vesting profile Actual targets Relative TSR against peer group (20%) The group is measured against a number of appropriate peers within the international foodservice industry and the comparable listed peers on the JSE. Accordingly, the outperformance of the peer group is felt to be the most appropriate TSR measure. TSR: • • Below threshold – 0% vesting • • At threshold – 30% vesting • • Target – 60% vesting • • Stretch – 100% vesting, where linear vesting will occur between the levels stated above. TSR targets: Achievement of TSR against peer group for period ending June 30 2021: • • Threshold – 80% of peer group performance over the three-year performance period • • Target – 100% of peer group performance over the three-year performance period • • Stretch – 120% of peer group performance over the three-year performance period. The peer group consists of the following companies: • • Woolworths Holdings Limited: JSE – WHL • • The Spar Group: JSE – SPP • • Unilever Plc: LN – ULVR • • Metcash: ASX – MTS • • Metro AG: ETR – B4B • • LN – BOK Bunzl: LN – BNZL • • Marr s.p.A: IM – MARR • • Nestlé SA: SIX – NESN • • Performance Food Group: PFG: NYSE – PFGL • • Sligro Food Group: AMS – SLIGR • • Sysco Corporation: NYSE – SYY ROFE (20%) The average ROFE of the group (excluding the impacts of IFRS 16) as measured over the financial period on a monthly average over 13 months measured against targets set. ROFE: The vesting of the awards in relation to the ROFE condition will be subject to linear vesting which will occur between the levels stated below: • • Below threshold – 0% vesting • • At threshold – 30% vesting • • Target – 60% vesting • • Stretch – 100% vesting. ROFE targets: Achievement of ROFE for period ending June 30 2021: • • Threshold – 32,5% ROFE over the three-year performance period • • Target – 35,0% ROFE over the three-year performance period • • Stretch – 37,5% ROFE over the three-year performance period. KPIs (10%) Non-financial strategic objectives such as leadership, acquisitions, etc. As per set objectives subject to linear vesting which will occur between the levels stated below: • • Below threshold – 0% vesting • • At threshold – 30% vesting • • Target – 60% vesting • • Stretch – 100% vesting. Bid Corporation Limited Remuneration report 2019 / 8