Solvar Management

Management criteria checks 3/4

Solvar's CEO is Scott Baldwin, appointed in Sep 2015, has a tenure of 8.67 years. total yearly compensation is A$842.79K, comprised of 68.7% salary and 31.3% bonuses, including company stock and options. directly owns 0.24% of the company’s shares, worth A$497.41K. The average tenure of the management team and the board of directors is 6.2 years and 6.9 years respectively.

Key information

Scott Baldwin

Chief executive officer

AU$842.8k

Total compensation

CEO salary percentage	68.7%
CEO tenure	8.7yrs
CEO ownership	0.2%
Management average tenure	6.2yrs
Board average tenure	6.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Scott Baldwin's remuneration changed compared to Solvar's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	AU$35m
Sep 30 2023	n/a	n/a	AU$41m
Jun 30 2023	AU$843k	AU$579k	AU$48m
Mar 31 2023	n/a	n/a	AU$50m
Dec 31 2022	n/a	n/a	AU$52m
Sep 30 2022	n/a	n/a	AU$52m
Jun 30 2022	AU$2m	AU$565k	AU$52m
Mar 31 2022	n/a	n/a	AU$48m
Dec 31 2021	n/a	n/a	AU$45m
Sep 30 2021	n/a	n/a	AU$42m
Jun 30 2021	AU$2m	AU$553k	AU$39m
Mar 31 2021	n/a	n/a	AU$33m
Dec 31 2020	n/a	n/a	AU$26m
Sep 30 2020	n/a	n/a	AU$24m
Jun 30 2020	AU$1m	AU$478k	AU$22m
Mar 31 2020	n/a	n/a	AU$25m
Dec 31 2019	n/a	n/a	AU$27m
Sep 30 2019	n/a	n/a	AU$25m
Jun 30 2019	AU$1m	AU$487k	AU$23m
Dec 31 2018	n/a	n/a	AU$17m
Sep 30 2018	n/a	n/a	AU$19m
Jun 30 2018	AU$1m	AU$383k	AU$21m
Mar 31 2018	n/a	n/a	AU$31m
Dec 31 2017	n/a	n/a	AU$31m
Sep 30 2017	n/a	n/a	AU$30m
Jun 30 2017	AU$787k	AU$336k	AU$29m

Compensation vs Market: Scott's total compensation ($USD550.74K) is above average for companies of similar size in the Australian market ($USD292.20K).

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

CEO

Scott Baldwin (47 yo)

8.7yrs

Tenure

AU$842,794

Compensation

Mr. Scott Joseph Baldwin, B.Eng (Hons), MBA, GAICD, has been Managing Director of Solvar Limited (formerly known as Money3 Corporation Limited) since September 29, 2015 and serves as its Chief Executive Of...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Scott Baldwin	CEO, MD & Executive Director	8.7yrs	AU$842.79k	0.24% A$ 497.4k
Siva Subramani	Chief Financial Officer	6.2yrs	AU$530.51k	0.19% A$ 390.0k
Pushkar Pendse	Chief Operating Officer	1.7yrs	AU$357.25k	no data
Simon Hinsley	Head of Investor Relations	no data	no data	no data
Tessa Georgis	Head of Human Resources	no data	no data	no data
Terri-Anne Bakos	Company Secretary	7.6yrs	no data	no data
Paul Verhoeven	Chief Executive Officer of Go Car Finance - New Zealand	4.3yrs	no data	no data

6.2yrs

Average Tenure

Experienced Management: SVR's management team is seasoned and experienced (6.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Scott Baldwin	CEO, MD & Executive Director	15.3yrs	AU$842.79k	0.24% A$ 497.4k
Kate Robb	Independent Non-Executive Director	4.7yrs	AU$115.00k	0.024% A$ 48.6k
Symon Brewis-Weston	Independent Non-Executive Director	5.5yrs	AU$115.00k	0.024% A$ 48.0k
Stuart Robertson	Independent Non-Executive Chairman	8.3yrs	AU$189.00k	0.53% A$ 1.1m

6.9yrs

Average Tenure

51yo

Average Age

Experienced Board: SVR's board of directors are considered experienced (6.9 years average tenure).

Solvar Management

Management criteria checks 3/4

Key information

Recent management updates

CEO, MD & Executive Director recently sold AU$215k worth of stock

Solvar Limited, Annual General Meeting, Nov 10, 2023

Insufficient new directors

Insufficient new directors

Money3 Corporation Limited, Annual General Meeting, Nov 16, 2022

Insufficient new directors

Recent updates

CEO, MD & Executive Director recently sold AU$215k worth of stock

Upcoming dividend of AU$0.05 per share

First half dividend of AU$0.05 announced

First half 2024 earnings released: EPS: AU$0.063 (vs AU$0.12 in 1H 2023)

New minor risk - Profit margin trend

Solvar Limited to Report First Half, 2024 Results on Feb 20, 2024

New minor risk - Share price stability

Solvar Limited, Annual General Meeting, Nov 10, 2023

Full year 2023 earnings released: EPS: AU$0.23 (vs AU$0.24 in FY 2022)

Upcoming dividend of AU$0.09 per share at 14% yield

New major risk - Revenue and earnings growth

New major risk - Earnings quality

Full year 2023 earnings released: EPS: AU$0.23 (vs AU$0.24 in FY 2022)

New major risk - Revenue and earnings growth

Solvar Limited to Report Fiscal Year 2023 Results on Aug 15, 2023

Now 42% undervalued after recent price drop

Now 21% undervalued after recent price drop

Now 24% undervalued after recent price drop

Upcoming dividend of AU$0.075 per share at 6.8% yield

Solvar Limited Announces Dividend for the Six Months Ended December 31, 2022, Payable on April 13, 2023

Solvar Limited to Report First Half, 2023 Results on Feb 15, 2023

Insufficient new directors

Insufficient new directors

Money3 Corporation Limited, Annual General Meeting, Nov 16, 2022

Insufficient new directors

Upcoming dividend of AU$0.07 per share

Full year 2022 earnings released: EPS: AU$0.24 (vs AU$0.20 in FY 2021)

Money3 Corporation Limited Declares Final Dividend for the Year Ended June 30, 2022, Payable on October 6, 2022

Money3 Corporation Limited to Report Fiscal Year 2022 Results on Aug 16, 2022

Independent Non-Executive Chairman recently bought AU$99k worth of stock

Upcoming dividend of AU$0.06 per share

First half 2022 earnings: EPS in line with analyst expectations despite revenue beat

Money3 Corporation Limited Announces Dividend for the Six Months Ended December 31, 2021, Payable on April 29, 2022

Independent Non-Executive Chairman recently bought AU$104k worth of stock

Upcoming dividend of AU$0.07 per share

Full year 2021 earnings released: EPS AU$0.20 (vs AU$0.12 in FY 2020)

Independent Non-Executive Chairman recently bought AU$100k worth of stock

Money3 Corporation Provides Earnings Guidance for Fiscal 2021

New 90-day high: AU$3.01

First half 2021 earnings released: EPS AU$0.11 (vs AU$0.086 in 1H 2020)

Money3 Corporation Limited to Report First Half, 2021 Results on Feb 16, 2021

Money3 Corporation Limited (ASX:MNY) completed the acquisition of GMF Australia Pty Ltd from General Motors Financial Company, Inc,

Money3 Corporation Limited Revises Earnings Guidance for the Year 2021

Money3 Corporation Limited (ASX:MNY) completed the acquisition of Automotive Financial Services Pty Limited.

Money3 Corporation Limited (ASX:MNY) entered into an agreement to acquire Automotive Financial Services Pty Limited.

New 90-day high: AU$2.49

New 90-day high: AU$2.38

New 90-day high: AU$2.20

Earnings released

New 90-day high - AU$1.91

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age