3Q 2021 Financial Overview
ā
Overview of KPIs and incentives
Highlights of delivery across 2020 KPI areas
Financial performance
F&C income growth
ā¤ Positive operating jaws b/w F&C
and OPEX excl. provisions
OPEX excl. D&A and provisions to
F&C income ratio down
Infrastructure quality
99.99% MOEX systems' up-time
Cybersecurity improvements
Further reduce operational risk,
incl. IT and compliance upgrades
New products and services
Evening trading session on
Equities Market
Preparations for morning trading
session on FX and Derivatives
New Long Term Incentive Program (LTIP) launched in mid-2020
Naturally aligns long-term interests of shareholders and the management team
Based on existing shares, not options => predictable for both beneficiaries and investors, has no embedded leverage
The value of incentive is determined by: (1) financial performance, (2) share price performance, (3) accrued dividends
The program term is 5 years, in line with the strategy; vesting in years 3, 4, 5 in three equal tranches
Every tranche is dependent on achieving KPIs, which are linked to F&C income growth and relevant regulation
70 key employees might earn up to 18 mln shares, which make up 0.8% of MOEX's Market Cap
MICEX-Finance holds 18 mln treasury shares => no new issuance, no dilution required
MOSCOW
EXCHANGE
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