Detsky Mir Expansion Strategy
Top management compensation structure overview
Annual compensation structure
CEO
<<CEO-1>>
Fixed
50%
50%-80%
Total
50%
20%-50%
Variable
Incl. Financial¹
25%
4%-15%
Incl. Financial²
25%
16%-35%
detsky mir
<<CEO-2»
70%-85%
15%-30%
3%-9%
10.5%-24%
Last LTI programme
At IPO
☐
%-based payment linked to valuation
increase at IPO
◉
☐
☐
Amount calculated as 3% from the
differential between new liquidity event (i.e.
IPO) price and RCIF price in 2015
50%/50% cash and share based payments
(via purchases of shares in the open market)
■
After IPO
Approved by the Board of Directors in August 2017
Covers the 3-year period to February 2020, the third anniversary of the
Company's IPO, senior management in continuing employment by the
Company as of that anniversary will be eligible for cash payments from
a pool equivalent in value to up to 4.6% of the increase in the
Company's stock market value (including dividend payments) over the
period
The LTIP also provides for additional cash payments expected to total
around RUB 500m (plus any social taxes)
New equity-based compensation programme
The new 3-year LTIP
Approved by the Board of Directors in October 2019
Covers the 3-year period from the end date of the
previous program (Feb 8, 2020) to February 7, 2023
Senior management team in continuing employment
by the Company and in program membership as of
April 30, 2024 will be eligible for the Company's
share grants and cash payments from a bonus fund
valued at up to 4.6% of the increase in the Company's
stock market value (incl. dividend payments) over the
period. The new LTIP includes more than 40 key
employees of the Company
Incentive program to cement the management's long-term focus on shareholder value creation
1 Financial KPIs - EBITDA, net income, revenues
2 Functional KPIs - specific operational KPIs, individual for each role
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