Bodycote PLC — Remuneration Information 2025

Apr 17, 2025

National Storage Mechanism | Additional information

Bodycote Plc - Long-term incentive performance measures and targets

PR Newswire

LONDON, United Kingdom, April 17

17 April 2025

Bodycote plc

(the Company)

Long-term Incentive Performance Measures and Targets

Further to the publication of the 2024 Annual Report and Accounts on 15 April 2025 (RIS ref: 4136167), the Company confirms   that the performance targets to be used for the Bodycote Incentive Plan (BIP) award made on 21 March 2025 (as referenced in the Directors’ remuneration report) are as set out below:

Metric	EPS level below which no award vests	Threshold (25% vesting)	Target (100% vesting)	Maximum (175% vesting)
Return on Capital Employed (ROCE) 1 (40%)	47p	15.0%	17.2%	20.0%
Earnings Per Share (EPS) CAGR (40%)	-	+2%	+ 5%	+10%
ESG 2 (absolute Group CO 2 e emissions) (20%)	-	Maximum of 243.1ktCO 2 e (a reduction over three years of at least 7.3%)		Maximum of 228.2ktCO 2 e (a reduction over three years of at least 13.0%)

1            For the purposes of the BIP, pre-tax ROCE is calculated using actual exchange rates. Capital Employed includes the goodwill existing as at the start of the performance period (1 January 2025) only.

2            Full vesting of the EPS metric will be based on meeting the Group’s new SBTi target reduction, requiring absolute reductions by December 2027 to align to the Group’s 2030 target (a 46% reduction compared with 2019 levels).   This equates to an average annual reduction of 4.5%.   The threshold target will be based on meeting an annual absolute reduction that aligns with a ‘well-below 2 degree’ pathway, which requires an average annual reduction of 2.5%.  

For further information, please contact:

Bodycote plc

Jim Fairbairn, Chief Executive Officer

Ben Fidler, Chief Financial Officer

Peter Lapthorn, Head of FP&A and Investor Relations

Tel: +44 1625 505300

FTI Consulting

Richard Mountain

Susanne Yule

Tel: +44 20 3727 1340

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