Remuneration at a glance - Famous Brands IAR 2023

Take a look around

We attract, retain and reward talented employees by offering compensation that is fair and competitive within our industry.

Landscape and eligibility

Fixed pay structure	Number of positions	Employment category	Variable pay structure
TCC = Base salary + medical insurance + retirement fund + benefits	2	Executive directors	STI and LTI
	6	Exco
	53	Senior management
	168	Middle management	Discretionary bonus
TCC per union agreement	2703	Other employees	Discretionary bonus
TCC per union agreement	2703	Bargaining unit employees	13^th cheque as per wage agreement
2 932 South African positions (Includes permanent and temporary SA employees and excludes UK, AME and associates)

Pay for performance: executive directors

^*	Maximum LTI is depicted at the Famous Brands annual award quanta. LTI on target is depicted as 50% of the maximum.
^**	Actual 2023 values are earnings paid in the reporting period.

Compensation details are in the implementation report.

Important abbreviations and definitions		Financial indicators
TCC: Total cost to company = Base salary + medical insurance + retirement fund + benefits Base salary: TCC – medical insurance – retirement fund – benefits STI: Short-term incentive LTI: Long-term incentive 13th cheque: One month’s TCC SARs: Share appreciation rights	Executive directors: The CEO and the Group Financial Director Executive Committee (Exco): For the purposes of the remuneration report, this excludes executive directors Executive management team: Includes the executive directors and Exco	EBITDA: Earnings before interest, tax, depreciation and amortisation HEPS: Headline earnings per share ROCE: Return on capital employed TSR: Total shareholder return VWAP: Volume-weighted average price WACC: Weighted average cost of capital