Implenia Executive Committee compensation

For the year under review, the IEC comprises eight members: the CEO, the four Division Heads and the Function Heads of Human Resources, Finance/Procurement, and Legal & Compliance. One former member of the IEC, who left in 2022, was still on notice period until 30 September 2022. Another member left the IEC after 28 February 2022 yet remained with Implenia in a different, non-IEC capacity. The CEO received the highest compensation. The detailed disclosure of compensation of the IEC is as follows:

1 This is the highest compensation for an IEC member.

2 Anita Eckardt, German Grüniger, Christian Späth, Jens Vollmar, Adrian Wyss, and Claudia Bidwell were part of the IEC for the full year.Marco Dirren left the IEC on 30 April 2022 and Matthias Jacob on 28 February 2022. Stefan Baumgärtner became a member of the IEC on 1 May 2022 and his compensation is included pro-rata.

3 Included in this table are two former members of the IEC: Marco Dirren left the IEC on 30 April 2022 and his executive management employment contract expired on 30 September 2022. Matthias Jacob left the IEC on 28 February 2022. Their compensation are included pro-rata. Amounts in EUR for Matthias Jacob were converted at a rate of EUR 1 = CHF 1.044, which is the average exchange rate for the months January and February 2022.

4 Short-term incentive for the performance year 2022, which is paid in the subsequent year.

5 Short-term incentives for former members of the IEC: The short-term incentive payment for Marco Dirren and Matthias Jacob are included pro-rata until the expiration of the respective executive management employment contracts, until 30 September 2022 respectively 28 February 2022.

6 The number of PSUs is calculated by dividing the LTI award amount by the fair value per PSU. The fair value at time of grant was CHF 29.06. For Matthias Jacob the LTI award in EUR was converted at a rate of EUR 1 = CHF 1.0296 (the currency exchange rate on grant date).

7 Other compensation includes perquisites such as mobility allowance, car lease financed by the Company, child benefit or accumulated vacation paid to members of IEC leaving Implenia.

8 Social security expenses include mandatory employer social security expenses and pension contributions as per governmental requirements and market practice.

9 No additional fees or compensation were invoiced by members of the IEC for the year under review (2021: CHF 0).

1 This is the highest compensation for an IEC member.

2 Marco Dirren, Anita Eckardt, German Grüniger, Matthias Jacob, Christian Späth, Jens Vollmar, Adrian Wyss, and Claudia Bidwell were part of the IEC for the full year. Amounts in EUR for Matthias Jacob, Head Country Management, were converted at a rate of EUR 1 = CHF 1.08157, which is the average yearly exchange rate used in Implenia 2021 consolidated financial statements.

3 Included in this table is one former member of the IEC: Christelle Beneteau left the IEC on 30 November 2020 and her executive management employment contract expired on 31 March 2021. Her compensation is included pro-rata.

4 Short-term incentive for the performance year 2021, which is paid in the subsequent year.

5 Short-term Incentives for former members of the IEC: the Short-Term Incentive payment for Christelle Beneteau is included pro-rata until the expiration of her executive management employment contract, respectively until 31 March 2021.

6 The number of PSUs is calculated by dividing the LTI award amount by the fair value per PSU. The fair value at time of grant was CHF 37.91. The potential matching shares described in detail under the section “Overview on 2019, 2020 and 2021 LTI Grants” have been considered in this fair value. For Matthias Jacob, Head Country Management, the LTI award in EUR was converted at a rate of EUR 1 = CHF 1.1036 (the currency exchange rate on grant date).

7 The total reported value of the retention awards is composed of restricted shares with a three-year blocking period (CHF 490,068.18 respectively 25,551 shares using the closing price at grant, CHF 19.18) and a cash payment (CHF 209,941.82). Six members of the IEC received a retention award, with total individual payouts ranging from CHF 100,000 to CHF 155,000.

8 Other compensation includes perquisites such as mobility allowance, car lease financed by the Company, child benefit or accumulated vacation paid to members of the IEC leaving Implenia.

9 Social security expenses include mandatory employer social security expenses and pension contributions as per governmental requirements and market practice.

10 No additional fees or compensation were invoiced by members of the IEC for the year under review (2020: CHF 0).

At the AGM 2021, the shareholders approved a maximum compensation amount of CHF 13 million for the financial year 2022. In 2022, executive management total compensation amounted to CHF 11.4 million. The Company is therefore within the approved limits.

At the AGM 2022, the shareholders approved a maximum compensation amount of CHF 13 million for the financial year 2023. The Company expects to be within the approved limits.