Directors’ Report 7. Executive Key Management Personnel Statutory Remuneration Tables 10 T he Performance Rights have been valued using a combination of the Binomial and Black Scholes option valuation methodologies including Monte Carlo simulation as at the grant date adjusted for the probability of hurdles being achieved. The Performance Share Units and Restricted Share Units have been valued using the Black Scholes option valuation methodology. These valuations were undertaken by Deloitte and PricewaterhouseCoopers. The amounts disclosed have been determined by allocating the value of the Performance Rights, Performance Share Units and Restricted Share Units over the period from grant date to vesting date in accordance with applicable accounting standards. Share based payments have been converted to US$ at an average exchange rate for the 2022 financial year: A$ – 1.37359. There were no Options expensed or outstanding in 2021 or 2022. 11 T he A$ compensation paid during the years ended 30 June 2021 and 30 June 2022 have been converted to US$. For the 30 June 2022 compensation, this has been converted to US$ at an average exchange rate for the 2022 financial year: A$ – 1.37359. For the 2021 compensation, this has been converted to US$ at an average exchange rate for the 2021 financial year: A$ – 1.34557. Both the amount of remuneration and any movement in comparison to prior years may be influenced by changes in the exchange rates. No termination benefits were paid in 2022. 12 Includes cash salary, cash allowances and short term compensated absences, such as annual leave entitlements accrued but not taken during the year. 13 T he cash bonus in respect of 2022 is scheduled to be paid in September 2022. The cash component of the cash bonus received in 2021 was paid in full in September 2021 for all Executive KMP as previously disclosed, with no adjustment. 14 I ncludes any health benefits, insurances benefits and other benefits. For International Assignees and domestic and international relocations, this may include personal tax advice, health insurance, removalists, temporary accommodation and other expatriate assignment benefits. 15 In 2021 J Linton was an Executive KMP for the period 5 March 2021 to 30 June 2021. 16 In 2022 A Cuthbertson was an Executive KMP for the period 1 July 2021 to 1 October 2021. Remuneration is reported in US$, unless otherwise stated. This is consistent with the presentation currency used by CSL. 7.1 Executive KMP Remuneration 2021 and 2022 Table 10: Statutory Remuneration Disclosure – Executive KMP Short Term Benefits Post Employment Executive Year11 Cash Salary and Fees12 Cash Bonus US$13 Cash Sign On US$ NonMonetary US$14 Super US$ P Perreault – CEO and Managing Director 2022 1,733,962 3,029,931 – 92,441 18,300 2021 1,697,123 1,807,032 – 95,083 20,300 J Linton – Chief Financial Officer15 2022 874,803 1,149,742 – 81,479 25,689 2021 281,781 288,464 78,220 122,927 6,786 P McKenzie – Chief Operating Officer 2022 965,230 1,273,770 – 67,972 16,802 2021 989,079 1,028,970 – 70,140 22,123 Former Executive KMP A Cuthbertson – Senior Advisor to CEO16 2022 128,811 – – – 4,550 2021 505,666 483,067 – 32,648 18,579 TOTAL 2022 3,702,806 5,453,443 – 241,892 65,341 2021 3,473,649 3,607,533 78,220 320,798 67,788 CSL Limited Annual Report 2021/22 86
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