Service Stream Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Leigh MacKender

Chief executive officer

AU$1.5m

Total compensation

CEO salary percentage	66.6%
CEO tenure	10yrs
CEO ownership	0.3%
Management average tenure	5.9yrs
Board average tenure	2.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Leigh MacKender's remuneration changed compared to Service Stream's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	AU$24m
Sep 30 2023	n/a	n/a	AU$14m
Jun 30 2023	AU$2m	AU$1m	AU$4m
Mar 31 2023	n/a	n/a	-AU$22m
Dec 31 2022	n/a	n/a	-AU$48m
Sep 30 2022	n/a	n/a	-AU$42m
Jun 30 2022	AU$1m	AU$879k	-AU$36m
Mar 31 2022	n/a	n/a	-AU$9m
Dec 31 2021	n/a	n/a	AU$18m
Sep 30 2021	n/a	n/a	AU$24m
Jun 30 2021	AU$1m	AU$879k	AU$29m
Mar 31 2021	n/a	n/a	AU$34m
Dec 31 2020	n/a	n/a	AU$38m
Sep 30 2020	n/a	n/a	AU$44m
Jun 30 2020	AU$2m	AU$879k	AU$49m
Mar 31 2020	n/a	n/a	AU$51m
Dec 31 2019	n/a	n/a	AU$53m
Sep 30 2019	n/a	n/a	AU$51m
Jun 30 2019	AU$2m	AU$529k	AU$50m
Mar 31 2019	n/a	n/a	AU$48m
Dec 31 2018	n/a	n/a	AU$45m
Sep 30 2018	n/a	n/a	AU$43m
Jun 30 2018	AU$2m	AU$510k	AU$41m
Mar 31 2018	n/a	n/a	AU$38m
Dec 31 2017	n/a	n/a	AU$35m
Sep 30 2017	n/a	n/a	AU$32m
Jun 30 2017	AU$1m	AU$500k	AU$28m

Compensation vs Market: Leigh's total compensation ($USD1.00M) is above average for companies of similar size in the Australian market ($USD767.89K).

Compensation vs Earnings: Leigh's compensation has been consistent with company performance over the past year.

CEO

Leigh MacKender

10yrs

Tenure

AU$1,538,485

Compensation

Mr. Leigh Mackender, BEng (Civil) (Syd) has been Managing Director of Service Stream Limited since May 26, 2014 and serves as its Executive Director. He served as its Executive General Manager of AMRS from...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Leigh MacKender	MD & Director	10yrs	AU$1.54m	0.29% A$ 2.3m
Linda Kow	Chief Financial Officer	4yrs	AU$968.46k	0.22% A$ 1.8m
Samantha Grant	Founder of Total Communications Infrastructure Ltd	no data	no data	no data
Douglas Young	Chief Information Officer	5.9yrs	no data	no data
Jamie O'Brien	Additional Company Secretary & Senior Legal Counsel	3.1yrs	no data	no data
Chris Chapman	Company Secretary & General Counsel	8.8yrs	no data	no data

5.9yrs

Average Tenure

Experienced Management: SSM's management team is seasoned and experienced (5.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Leigh MacKender	MD & Director	no data	AU$1.54m	0.29% A$ 2.3m
Martin Monro	Independent Non-Executive Director	1.6yrs	AU$101.20k	0.012% A$ 95.7k
Brett Gallagher	Non-Executive Chairman of the Board	14.1yrs	AU$201.83k	0.39% A$ 3.0m
Elizabeth Ward	Independent Non-Executive Director	2.7yrs	AU$126.97k	0.015% A$ 117.1k
Sylvia Wiggins	Independent Non-Executive Director	1.5yrs	AU$78.37k	0.014% A$ 112.4k

2.1yrs

Average Tenure

Experienced Board: SSM's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.

Service Stream Management

Management criteria checks 2/4

Key information

Recent management updates

Non-Executive Chairman of the Board recently sold AU$2.0m worth of stock

Service Stream Limited Announces Resignation of Nick Miller as Non-Executive Director, Effective 16 January 2024

Service Stream Limited Appoints Nick Miller as Independent Non-Executive Director, Effective from 1 November 2023

Service Stream Limited Announces Retirement of Peter Dempsey as Director

Service Stream Limited, Annual General Meeting, Oct 18, 2023

Service Stream Limited Appoints Sylvia Wiggins as an Independent Non-Executive Director, Effective 7 November 2022

Recent updates

Service Stream Limited to Report Fiscal Year 2024 Results on Aug 21, 2024

Non-Executive Chairman of the Board recently sold AU$2.0m worth of stock

Upcoming dividend of AU$0.02 per share

Investor sentiment improves as stock rises 16%

First half dividend of AU$0.02 announced

First half 2024 earnings released: EPS: AU$0.021 (vs AU$0.01 loss in 1H 2023)

Service Stream Limited Announces Resignation of Nick Miller as Non-Executive Director, Effective 16 January 2024

Service Stream Limited to Report First Half, 2024 Results on Feb 22, 2024

Service Stream Limited Appoints Nick Miller as Independent Non-Executive Director, Effective from 1 November 2023

Upcoming dividend of AU$0.01 per share at 2.2% yield

Service Stream Limited Announces Retirement of Peter Dempsey as Director

New minor risk - Earnings quality

Service Stream Limited Declares Final Fully Franked Dividend, Payable on 5 October 2023

Full year 2023 earnings released: EPS: AU$0.007 (vs AU$0.061 loss in FY 2022)

Now 20% undervalued

First half 2023 earnings released: AU$0.01 loss per share (vs AU$0.009 profit in 1H 2022)

Service Stream Limited Provides Interim Dividend Guidance for the Half Year

Service Stream Limited, Annual General Meeting, Oct 18, 2023

Service Stream Limited Appoints Sylvia Wiggins as an Independent Non-Executive Director, Effective 7 November 2022

MD & Director recently bought AU$98k worth of stock

Upcoming dividend of AU$0.01 per share

Service Stream Limited Announces Board Changes

Independent Non Executive Director recently bought AU$95k worth of stock

Full year 2022 earnings released: AU$0.061 loss per share (vs AU$0.071 profit in FY 2021)

Service Stream Limited to Report Fiscal Year 2022 Final Results on Aug 26, 2022

Service Stream Limited, Annual General Meeting, Oct 19, 2022

MD & Director recently bought AU$88k worth of stock

Service Stream Limited to Report Fiscal Year 2022 Results on Aug 23, 2022

Non-Executive Chairman of the Board recently bought AU$80k worth of stock

First half 2022 earnings: EPS in line with expectations, revenues disappoint

Service Stream Limited Announces No Interim Dividend with Respect to the Half-Year Period Ending 31 December 2021

Full year 2021 earnings released: EPS AU$0.072 (vs AU$0.12 in FY 2020)

Upcoming Dividend of AU$0.025 Per Share

Investor sentiment deteriorated over the past week

Non Executive Independent Director recently bought AU$82k worth of stock

First half 2021 earnings released: EPS AU$0.04 (vs AU$0.067 in 1H 2020)

Revenue misses expectations

Service Stream Limited to Report First Half, 2021 Results on Feb 25, 2021

New 90-day low: AU$1.67

Service Stream Secures Multi-Year Agreement with Telstra

New 90-day low: AU$1.67

Investor sentiment deteriorated over the past week

Service Stream Limited Secures Multi-Year Unified Operations Agreement with nbn Co

New 90-day high: AU$2.37

New 90-day high: AU$2.35

New 90-day high: AU$2.24

Service Stream Limited Extends Its Operations and Maintenance Master Agreement with NBN Co. (nbn)

New 90-day high: AU$2.03

Upcoming Dividend of AU$0.05 Per Share

Full year earnings released - EPS AU$0.12

Service Stream Limited to Report Fiscal Year 2020 Results on Aug 18, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure