Keyera Management

Management criteria checks 4/4

Keyera's CEO is C. Setoguchi, appointed in Feb 2020, has a tenure of 4.17 years. total yearly compensation is CA$5.18M, comprised of 13.5% salary and 86.5% bonuses, including company stock and options. directly owns 0.1% of the company’s shares, worth CA$8.09M. The average tenure of the management team and the board of directors is 2.6 years and 6.9 years respectively.

Key information

C. Setoguchi

Chief executive officer

CA$5.2m

Total compensation

CEO salary percentage	13.5%
CEO tenure	4.2yrs
CEO ownership	0.1%
Management average tenure	2.6yrs
Board average tenure	6.9yrs

Recent management updates

Recent updates

An Intrinsic Calculation For Keyera Corp. (TSE:KEY) Suggests It's 26% Undervalued

Sep 05

Keyera (TSE:KEY) Is Due To Pay A Dividend Of CA$0.16

Aug 09

Growth Investors: Industry Analysts Just Upgraded Their Keyera Corp. (TSE:KEY) Revenue Forecasts By 12%

Aug 06

Keyera (TSE:KEY) Is Paying Out A Dividend Of CA$0.16

Jul 16

Returns On Capital At Keyera (TSE:KEY) Have Hit The Brakes

Jun 30

Keyera (TSE:KEY) Has Announced A Dividend Of CA$0.16

Jun 16

Keyera (TSE:KEY) Has Announced A Dividend Of CA$0.16

May 16

Is Keyera (TSE:KEY) Using Too Much Debt?

May 13

Keyera (TSE:KEY) Has Affirmed Its Dividend Of CA$0.16

Apr 16

Keyera (TSE:KEY) Has Affirmed Its Dividend Of CA$0.16

Mar 17

Keyera's (TSE:KEY) Dividend Will Be CA$0.16

Feb 15

Is Keyera Corp. (TSE:KEY) Trading At A 42% Discount?

Feb 13

Here's Why Keyera (TSE:KEY) Is Weighed Down By Its Debt Load

Jan 31

Keyera (TSE:KEY) Will Pay A Dividend Of CA$0.16

Jan 18

Keyera (TSE:KEY) Is Due To Pay A Dividend Of CA$0.16

Dec 20

Keyera (TSE:KEY) May Have Issues Allocating Its Capital

Nov 27

CEO Compensation Analysis

How has C. Setoguchi's remuneration changed compared to Keyera's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	CA$5m	CA$700k	CA$424m
Sep 30 2023	n/a	n/a	CA$293m
Jun 30 2023	n/a	n/a	CA$338m
Mar 31 2023	n/a	n/a	CA$352m
Dec 31 2022	CA$5m	CA$670k	CA$328m
Sep 30 2022	n/a	n/a	CA$500m
Jun 30 2022	n/a	n/a	CA$447m
Mar 31 2022	n/a	n/a	CA$352m
Dec 31 2021	CA$5m	CA$650k	CA$324m
Sep 30 2021	n/a	n/a	CA$159m
Jun 30 2021	n/a	n/a	CA$123m
Mar 31 2021	n/a	n/a	CA$62m
Dec 31 2020	CA$2m	CA$387k	CA$62m
Sep 30 2020	n/a	n/a	CA$167m
Jun 30 2020	n/a	n/a	CA$288m
Mar 31 2020	n/a	n/a	CA$494m
Dec 31 2019	CA$2m	CA$390k	CA$444m
Sep 30 2019	n/a	n/a	CA$588m
Jun 30 2019	n/a	n/a	CA$468m
Mar 31 2019	n/a	n/a	CA$350m
Dec 31 2018	CA$2m	CA$376k	CA$403m
Sep 30 2018	n/a	n/a	CA$317m
Jun 30 2018	n/a	n/a	CA$321m
Mar 31 2018	n/a	n/a	CA$281m
Dec 31 2017	CA$1m	CA$360k	CA$290m

Compensation vs Market: C.'s total compensation ($USD3.76M) is about average for companies of similar size in the Canadian market ($USD4.40M).

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

CEO

C. Setoguchi (56 yo)

4.2yrs

Tenure

CA$5,178,878

Compensation

Mr. C. Dean Setoguchi has been Chief Executive Officer and Director at Keyera Corp. since January 1, 2021. Mr. Setoguchi serves as President of Keyera Corporation since February 2020 and served as its Chie...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
C. Setoguchi	President	4.2yrs	CA$5.18m	0.10% CA$ 8.1m
Eileen Marikar	Senior VP & CFO	3.9yrs	CA$2.21m	0.014% CA$ 1.1m
Jarrod Beztilny	Senior Vice President of Operations & Engineering	2.6yrs	CA$1.65m	0.035% CA$ 2.8m
Christy Elliott	SVP of Sustainability & External Affairs	1.3yrs	CA$2.50m	no data
K. Urquhart	Senior VP & Chief Commercial Officer	7.2yrs	CA$2.06m	0.015% CA$ 1.2m
Desiree Crawford	Senior Vice President of Safety	1.9yrs	no data	no data
Dan Cuthbertson	Director of Investor Relations	no data	no data	no data
Darren Rousch	Vice President of Marketing & US Operations	no data	no data	no data
Bryan Chan	VP & Controller	1.3yrs	no data	0.00087% CA$ 69.2k
Calvin Locke	Manager of Investor Relations	no data	no data	no data
Michael Reid	General Manager	no data	no data	no data

2.6yrs

Average Tenure

Experienced Management: KEY's management team is considered experienced (2.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
C. Setoguchi	President	3.3yrs	CA$5.18m	0.10% CA$ 8.1m
John Goertzen	Independent Director	4.7yrs	CA$261.08k	0.010% CA$ 792.7k
Douglas Haughey	Independent Lead Director	10.9yrs	CA$364.77k	0.0049% CA$ 386.8k
Michael Norris	Independent Director	10.9yrs	CA$292.24k	0.0033% CA$ 262.6k
Thomas O'Connor	Independent Director	10.3yrs	CA$300.26k	0.0037% CA$ 295.3k
Charlene Ripley	Independent Director	6.8yrs	CA$293.01k	no data
James Bertram	Independent Chairman of the Board	21.1yrs	CA$285.00k	0.087% CA$ 6.9m
Janet Woodruff	Independent Director	8.8yrs	CA$266.10k	0.00093% CA$ 74.0k
Gianna Manes	Independent Director	6.9yrs	CA$293.51k	no data
Isabelle Brassard	Independent Director	1.8yrs	CA$213.50k	no data
Michael Crothers	Independent Director	2.8yrs	CA$216.76k	0.0011% CA$ 86.7k

6.9yrs

Average Tenure

64yo

Average Age

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

Keyera Management

Management criteria checks 4/4

Key information

Recent management updates

Keyera Corp., Annual General Meeting, May 14, 2024

Keyera Corp. Announces Appointment of Isabelle Brassard to the Board of Directors

Independent Director recently bought CA$61k worth of stock

Keyera Corp., Annual General Meeting, May 10, 2022

Recent updates

Consensus revenue estimates increase by 10%

Does Keyera (TSE:KEY) Have A Healthy Balance Sheet?

Should You Be Adding Keyera (TSE:KEY) To Your Watchlist Today?

Now 21% undervalued

Upcoming dividend of CA$0.50 per share

Keyera Corp., Annual General Meeting, May 14, 2024

Keyera's (TSE:KEY) Earnings Offer More Than Meets The Eye

Dividend of CA$0.50 announced

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

Keyera Announces First Quarter 2024 Dividend, Payable on March 28, 2024

Now 20% undervalued

Keyera Corp. to Report Fiscal Year 2023 Results on Feb 14, 2024

A Look At The Fair Value Of Keyera Corp. (TSE:KEY)

The Returns At Keyera (TSE:KEY) Aren't Growing

Upcoming dividend of CA$0.50 per share at 6.0% yield

Consensus EPS estimates increase by 11%, revenue downgraded

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Keyera Corp. Announces Quarterly Cash Dividend for the Fourth Quarter of 2023; Payable on December 29, 2023

Keyera Corp. to Report Q3, 2023 Results on Nov 08, 2023

Are Investors Undervaluing Keyera Corp. (TSE:KEY) By 22%?

The Returns At Keyera (TSE:KEY) Aren't Growing

Now 21% undervalued

Upcoming dividend of CA$0.50 per share at 6.1% yield

Keyera Corp. Announces Quarterly Dividend for the Third Quarter of 2023, Payable on September 29, 2023

Keyera Corp. to Report Q2, 2023 Results on Aug 10, 2023

Keyera Corp.Provides Update on Alberta Wildfire Disruptions

Upcoming dividend of CA$0.48 per share at 6.1% yield

Calculating The Fair Value Of Keyera Corp. (TSE:KEY)

First quarter 2023 earnings released: EPS: CA$0.60 (vs CA$0.52 in 1Q 2022)

Keyera Corp. Announces Quarterly Cash Dividend for the Second Quarter of 2023, Payable on June 30, 2023

Is Keyera (TSE:KEY) Using Too Much Debt?

Keyera (TSE:KEY) Is Looking To Continue Growing Its Returns On Capital

Keyera (TSE:KEY) Has Announced A Dividend Of CA$0.16

Upcoming dividend of CA$0.16 per share at 6.5% yield

Full year 2022 earnings: EPS misses analyst expectations

Upcoming dividend of CA$0.16 per share at 6.1% yield

Keyera Corp. (TSX:KEY) acquired Keyera Fort Saskatchewan Complex from Plains Midstream Canada ULC for CAD 365 million.

Keyera's (TSE:KEY) Dividend Will Be CA$0.16

Keyera Corp. Announces February 2023 Dividend, Payable on March 15, 2023

Estimating The Fair Value Of Keyera Corp. (TSE:KEY)

Keyera Corp. to Report Fiscal Year 2022 Results on Feb 15, 2023

Keyera Corp. Announces January 2023 Dividend, Payable on February 15, 2023

Keyera Corp. has completed a Follow-on Equity Offering in the amount of CAD 200.081 million.

Keyera Corp. has completed a Follow-on Equity Offering in the amount of CAD 200.081 million.

Keyera's (TSE:KEY) Dividend Will Be CA$0.16

Stonepeak Partners LP entered into an agreement to acquire a 50% interest in KAPS of Keyera Corp.

Keyera (TSE:KEY) Is Paying Out A Dividend Of CA$0.16

Upcoming dividend of CA$0.16 per share

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Keyera Announces November 2022 Dividend, Payable on December 15, 2022

Returns At Keyera (TSE:KEY) Are On The Way Up

Keyera Corp. to Report Q3, 2022 Results on Nov 09, 2022

Keyera's (TSE:KEY) Dividend Will Be CA$0.16

Keyera Corp. Announces Cash Dividend for October 2022, Payable on November 15, 2022

Is Keyera (TSE:KEY) A Risky Investment?

Keyera Corp. Announces Cash Dividend for September 2022, Payable on October 17, 2022

An Intrinsic Calculation For Keyera Corp. (TSE:KEY) Suggests It's 26% Undervalued

Upcoming dividend of CA$0.16 per share

Consensus revenue estimates increase by 13%

Keyera (TSE:KEY) Is Due To Pay A Dividend Of CA$0.16

Growth Investors: Industry Analysts Just Upgraded Their Keyera Corp. (TSE:KEY) Revenue Forecasts By 12%

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Keyera Corp. Announces Cash Dividend for August 2022, Payable on September 15, 2022

Keyera Corp. to Report Q2, 2022 Results on Aug 04, 2022

Keyera (TSE:KEY) Is Paying Out A Dividend Of CA$0.16

Keyera Announces July 2022 Dividend, Payable on August 15, 2022

Returns On Capital At Keyera (TSE:KEY) Have Hit The Brakes

Now 23% undervalued

Keyera (TSE:KEY) Has Announced A Dividend Of CA$0.16

Keyera Corp. Announces June 2022 Dividend, Payable on July 15, 2022

Keyera Corp. Announces Appointment of Isabelle Brassard to the Board of Directors