CSL Ltd Annual Report 2019

6.4 CEO Potential Remuneration Outcomes The amount of remuneration actually earned each year is based on performance of the CSL Group, along with individual Executive KMP performance. The diagram below provides the potential remuneration outcomes the CEO, Mr Paul Perreault, based on different levels of performance. Remuneration Mix for the CEO – US$ Maximum Target Minimum 2 - 4 6 8 10 12 14 US$ Million 15% 16% 100% 26% 19% 65% 59% ● Total Fixed Reward ● Performance – STI ● Alignment – LTI • Minimum consists of Total Fixed Reward. • Target consists of Total Fixed Reward, target STI (set at 120% of Total Fixed Reward) and target LTI (400%). • Maximum consists of Total Fixed Reward, maximum STI (180% of Total Fixed Reward) and target LTI (400%). 6.5 2019 Executive KMP Remuneration 43 WMezzanotte was not Executive KMP at 1 July 2018. Incentivising the drive for long term performance delivery for CSL and better aligning our LTI targets within our global pharmaceutical/biotechnology peer group, the LTI target opportunity of our Executive KMP was increased by an average of 30% in 2019. While no increase to STI targets or maximum opportunity was granted, the Board increased Fixed Reward by an average increase of 4%. These increases were provided to reflect market movement, appropriately recognise the skills and experience of Executive KMP and to position those below the market median more competitively within the market range. Table 12 below sets out the increases applied in 2019 and includes the previously discussed CEO changes. Table 12: 2019 Adjustments to Executive KMP reward effective from 1 July 2018 Executive % change in FR % change in STI $ opportunity at target % change in LTI $ opportunity at target Total Reward Adjustment % Total Reward Adjustment $ P Perreault 0% 0% 13% 8% 700,400 G Boss 3% 0% 25% 13% 250,257 W Campbell 3% 0% 13% 8% 171,300 A Cuthbertson 3% 0% 79% 32% 732,837 K Etchberger 3% 0% 25% 13% 228,686 D Lamont 3% 0% 46% 17% 443,632 WMezzanotte 43 – – – – – G Naylor 3% 0% 4% 3% 95,304 V Romberg 6% 0% 24% 14% 270,175 E Walker 4% 0% 26% 14% 191,250 CSL Limited Annual Report 2019 79