NEXTDC is unique among ASX-listed companies due to its high capital-intensity and growth prospects requiring further capital
to be invested ahead of demonstrable revenues and profits. Most comparable peers are US-based, as is the more comparable
executive talent. The Board considered the Company’s long-term strategy and potential and determined that the CEO’s
remuneration remains appropriate in context of the skills and experience necessary to lead NEXTDC.
Other major provisions of the agreements relating to service agreements are set out below.
TABLE 3: SERVICE AGREEMENTS
Name Duration of Contract Notice Period Termination Payments1
Craig Scroggie No fixed term 12 months 12 months
Simon Cooper No fixed term 6 months 6 months
Oskar Tomaszewski No fixed term 6 months 6 months
David Dzienciol No fixed term 6 months 6 months
Adam Scully* No fixed term 6 months 6 months
*Ceased as KMP on 24 March 2020
5. STI AND LTI PERFORMANCE OUTCOMES FOR FY20
5.1 STI Vesting Outcomes
The below performance measures were chosen as being the most relevant drivers for improving financial performance and
growing shareholder value. More specifically, the metrics were chosen because:
Group EBITDA: This metric indicates the Company’s underlying profitability at this stage of its development.
New NMRR Committed: This metric is connected to the level of incremental new business signed with NEXTDC’s
two key customer segments: Retail andWholesale.
FIGURE 4: CALCULATION OF STI OUTCOMES
The joint assessment of these three performance objectives in the context of the Company’s overall performance resulted in
overall performance falling in between target and stretch for the FY20 performance period. The actual EBITDA and NMRR
targets are not quantified as they are considered to be commercially sensitive and are therefore not disclosed in the interests
Based on performance against these three objectives, as well as the Company’s broader performance during FY20, including
overall response to the COVID-19 pandemic, maintaining 100% uptime SLA and keeping construction performance on plan,
completion of capital raising in challenging market conditions, strong share price performance and transition into the ASX 100
index, the Board has determined to award 100% of the FY20 STI opportunity.
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