RHI Magnesita Management

Management criteria checks 2/4

RHI Magnesita's CEO is Stefan Borgas, appointed in Oct 2017, has a tenure of 6.58 years. total yearly compensation is €3.99M, comprised of 28.7% salary and 71.3% bonuses, including company stock and options. directly owns 0.16% of the company’s shares, worth €3.14M. The average tenure of the management team and the board of directors is 4.7 years and 6.6 years respectively.

Key information

Stefan Borgas

Chief executive officer

€4.0m

Total compensation

CEO salary percentage	28.7%
CEO tenure	6.6yrs
CEO ownership	0.2%
Management average tenure	4.7yrs
Board average tenure	6.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Stefan Borgas's remuneration changed compared to RHI Magnesita's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	€4m	€1m	€165m
Sep 30 2023	n/a	n/a	€152m
Jun 30 2023	n/a	n/a	€139m
Mar 31 2023	n/a	n/a	€148m
Dec 31 2022	€3m	€1m	€156m
Sep 30 2022	n/a	n/a	€199m
Jun 30 2022	n/a	n/a	€243m
Mar 31 2022	n/a	n/a	€243m
Dec 31 2021	€2m	€1m	€243m
Sep 30 2021	n/a	n/a	€157m
Jun 30 2021	n/a	n/a	€72m
Mar 31 2021	n/a	n/a	€48m
Dec 31 2020	€2m	€969k	€25m
Sep 30 2020	n/a	n/a	€50m
Jun 30 2020	n/a	n/a	€76m
Mar 31 2020	n/a	n/a	€107m
Dec 31 2019	€1m	€855k	€139m
Sep 30 2019	n/a	n/a	€171m
Jun 30 2019	n/a	n/a	€203m
Mar 31 2019	n/a	n/a	€180m
Dec 31 2018	€2m	€826k	€158m
Sep 30 2018	n/a	n/a	€93m
Jun 30 2018	n/a	n/a	€27m
Mar 31 2018	n/a	n/a	-€900k
Dec 31 2017	€477k	€172k	-€17m

Compensation vs Market: Stefan's total compensation ($USD4.28M) is above average for companies of similar size in the Austrian market ($USD2.53M).

Compensation vs Earnings: Stefan's compensation has increased by more than 20% in the past year.

CEO

Stefan Borgas (59 yo)

6.6yrs

Tenure

€3,988,284

Compensation

Mr. Stefan Borgas, MBA, serves as an Independent Chairman of the Board at AFYREN SAS since October 2020. He has been the Chief Executive Officer of Magnesita Refratários S.A. (formerly known as RHI Magnesi...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Stefan Borgas	CEO & Executive Director	6.6yrs	€3.99m	0.16% € 3.1m
Ian Botha	CFO, Finance Director & Executive Director	5.1yrs	€2.17m	0.086% € 1.7m
Eduardo Guardiano Gotilla	Vice President of Corporate Finance & Investor Relations	no data	no data	no data
Rajah Jayendran	Chief Technology Officer	1.3yrs	no data	no data
Chris Bucknall	Head of Investor Relations	no data	no data	no data
Ticiana Kobel	Executive Vice President of Legal & Digital Transformation	4.3yrs	no data	no data
Simone Oremovic	Executive Vice President of People	6.8yrs	no data	no data
Gustavo Lucio Franco	Chief Customer Officer	1.3yrs	no data	no data
Claudia Bergner	Head of People & Culture	no data	no data	no data
Sally Caswell	Company Secretary	4.3yrs	no data	no data
Rodrigo Guerra	Group Treasurer	no data	no data	no data
Franz Struzl	Consultant	7.5yrs	€3.81m	no data

4.7yrs

Average Tenure

52yo

Average Age

Experienced Management: RHIM's management team is considered experienced (4.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Stefan Borgas	CEO & Executive Director	6.9yrs	€3.99m	0.16% € 3.1m
Ian Botha	CFO, Finance Director & Executive Director	4.9yrs	€2.17m	0.086% € 1.7m
Herbert Cordt	Chairman	6.9yrs	€302.19k	0.74% € 15.0m
Karl Sevelda	Independent Non-Executive Director	6.6yrs	€105.89k	0.0042% € 85.7k
Wolfgang Ruttenstorfer	Non-Independent Non-Executive Director	6.9yrs	€99.19k	no data
Stanislaus Prinz zu Sayn Wittgenstein-Berleburg	Non-Independent Non-Executive Director	6.6yrs	€95.73k	6.7% € 135.5m
David Schlaff	Non-Independent Non-Executive Director	6.6yrs	€89.03k	no data
Janice Brown	Independent Non-Executive Director	2.9yrs	€109.35k	no data
John Ramsay	Deputy Chairman & Senior Independent Director	6.6yrs	€153.69k	0.010% € 209.7k
Martin Kowatsch	Employee Representative Director	2.4yrs	no data	0.0026% € 52.4k
Janet Ashdown	Independent Non-Executive Director	4.9yrs	€136.60k	no data
Michael Schwarz	Employee Representative Director	6.4yrs	no data	no data

6.6yrs

Average Tenure

61.5yo

Average Age

Experienced Board: RHIM's board of directors are considered experienced (6.6 years average tenure).

RHI Magnesita Management

Management criteria checks 2/4

Key information

Recent management updates

RHI Magnesita N.V. Announces Fiona Paulus, Independent Non-Executive Director, to Step Down from the Board

RHI Magnesita N.V., Annual General Meeting, May 25, 2022

CEO & Executive Director recently bought €99k worth of stock

CEO & Executive Director recently bought €93k worth of stock

Recent updates

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

New minor risk - Share price stability

RHI Magnesita N.V. to Report First Half, 2024 Results on Jul 24, 2024

RHI Magnesita N.V. (LSE:RHIM) acquired Refractory businesses of the Preiss-Daimler Group for approximately €45 million.

RHI Magnesita N.V. to Report Q3, 2023 Results on Oct 18, 2023

Upcoming dividend of €0.55 per share at 4.7% yield

First half 2023 earnings released: EPS: €1.71 (vs €2.06 in 1H 2022)

Now 21% undervalued

Upcoming dividend of €1.10 per share at 5.5% yield

Investor sentiment improves as stock rises 16%

Rhi Magnesita N.V. Approves Final Dividend for the Financial Year Ended 31 December 2022

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

RHI Magnesita N.V. (LSE:RHIM) agreed to acquire 65% stake in Jinan New Emei Industries Co. Ltd. for ¥293 million on January 13, 2023.

RHI Magnesita N.V. to Report Fiscal Year 2022 Results on Feb 27, 2023

Investor sentiment improved over the past week

RHI Magnesita N.V. Provides Sales Guidance for the Second Half of 2022

RHI Magnesita N.V. Announces Fiona Paulus, Independent Non-Executive Director, to Step Down from the Board

Upcoming dividend of €0.50 per share

First half 2022 earnings released

Rhi Magnesita N.V. Declares Interim Dividend for the Fist Half of Financial Year 2022

RHI Magnesita N.V. to Report First Half, 2022 Results on Aug 01, 2022

RHI Magnesita N.V. Declares Final Dividend for the Financial Year Ended December 31, 2021

Upcoming dividend of €1.00 per share

RHI Magnesita N.V., Annual General Meeting, May 25, 2022

CEO & Executive Director recently bought €99k worth of stock

Full year 2021 earnings: EPS and revenues exceed analyst expectations

RHI Magnesita N.V. Recommends Final Dividend for the Year 2021, Payable on 14 June 2022

RHI Magnesita N.V. to Report Fiscal Year 2021 Results on Feb 28, 2022

CEO & Executive Director recently bought €93k worth of stock

Upcoming dividend of €0.50 per share

First half 2021 earnings released: EPS €2.02 (vs €1.03 in 1H 2020)

Independent Non-Executive Director Andrew Hosty has left the company

Independent Non-Executive Director Celia Baxter has left the company

Upcoming dividend of €1.00 per share

J.M. Huber Corporation signed a sale and purchase agreement to acquire a 50% stake in MAGNIFIN Magnesiaprodukte GmbH & Co KG from RHI Magnesita N.V. (LSE:RHIM) for €100 million.

Full year 2020 earnings released: EPS €0.51 (vs €2.82 in FY 2019)

Revenue and earnings miss expectations

RHI Magnesita N.V. to Report Fiscal Year 2020 Results on Mar 08, 2021

New 90-day high: €45.85

New 90-day high: €44.55

New 90-day high: €39.64

New 90-day high: €37.74

Market bids up stock over the past week

Market bids up stock over the past week

New 90-day high: €33.20

New 90-day low: €27.06

New 90-day high - €31.40

First half earnings released

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age