Austal Management

Management criteria checks 4/4

Austal's CEO is Paddy Gregg, appointed in Jan 2021, has a tenure of 3.25 years. total yearly compensation is A$1.33M, comprised of 77.3% salary and 22.7% bonuses, including company stock and options. directly owns 0.067% of the company’s shares, worth €334.64K. The average tenure of the management team and the board of directors is 3.2 years and 5.5 years respectively.

Key information

Paddy Gregg

Chief executive officer

AU$1.3m

Total compensation

CEO salary percentage	77.3%
CEO tenure	3.3yrs
CEO ownership	0.07%
Management average tenure	3.2yrs
Board average tenure	5.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Paddy Gregg's remuneration changed compared to Austal's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	AU$6m
Sep 30 2023	n/a	n/a	-AU$4m
Jun 30 2023	AU$1m	AU$1m	-AU$14m
Mar 31 2023	n/a	n/a	AU$7m
Dec 31 2022	n/a	n/a	AU$27m
Sep 30 2022	n/a	n/a	AU$53m
Jun 30 2022	AU$2m	AU$987k	AU$80m
Mar 31 2022	n/a	n/a	AU$77m
Dec 31 2021	n/a	n/a	AU$74m
Sep 30 2021	n/a	n/a	AU$77m
Jun 30 2021	AU$1m	AU$721k	AU$81m
Mar 31 2021	n/a	n/a	AU$91m
Dec 31 2020	n/a	n/a	AU$101m
Sep 30 2020	n/a	n/a	AU$95m
Jun 30 2020	AU$1m	AU$508k	AU$89m
Mar 31 2020	n/a	n/a	AU$84m
Dec 31 2019	n/a	n/a	AU$78m
Sep 30 2019	n/a	n/a	AU$70m
Jun 30 2019	AU$960k	AU$479k	AU$61m
Mar 31 2019	n/a	n/a	AU$50m
Dec 31 2018	n/a	n/a	AU$38m
Sep 30 2018	n/a	n/a	AU$38m
Jun 30 2018	AU$761k	AU$450k	AU$38m

Compensation vs Market: Paddy's total compensation ($USD871.59K) is about average for companies of similar size in the German market ($USD1.02M).

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

CEO

Paddy Gregg

3.3yrs

Tenure

AU$1,333,888

Compensation

Mr. Patrick Gregg, also known as Paddy, has been Chief Executive Officer and Managing Director at Austal Limited since January 1, 2020. Mr. Gregg had been Chief Operating Officer at Austal Limited since Fe...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Patrick Gregg	CEO & MD	3.3yrs	AU$1.33m	0.067% A$ 334.6k
Christian Andrew Johnstone	Chief Financial Officer	less than a year	AU$160.21k	no data
Ian McMillan	Chief Operating Officer	3.3yrs	AU$720.52k	0.0057% A$ 28.4k
Christy Taylor	Chief Operating Officer-USA of Transformation	less than a year	AU$112.42k	0.0022% A$ 11.0k
Rusty Murdaugh	President of Austal USA	3.2yrs	AU$1.31m	0.029% A$ 143.0k
Adrian Strang	General Counsel & Company Secretary	no data	no data	no data
Paul Sparke	Head of Marketing & Communications	no data	no data	no data
Wayne Murray	President of Philippines	7.8yrs	no data	no data

3.2yrs

Average Tenure

Experienced Management: LX6's management team is considered experienced (3.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
John Rothwell	Non-Executive Chairman	36.5yrs	AU$211.89k	no data
Christopher Indermaur	Independent Non-Executive Director	5.5yrs	AU$105.66k	no data
Sarah Adam-Gedge	Independent Non-Executive Deputy Chairman	6.7yrs	AU$116.07k	0.0055% A$ 27.6k
Lee Goddard	Independent Non-Executive Director	1.3yrs	AU$52.83k	no data
Kathryn Toohey	Independent Non Executive Director	less than a year	no data	no data

5.5yrs

Average Tenure

Experienced Board: LX6's board of directors are considered experienced (5.5 years average tenure).

Austal Management

Management criteria checks 4/4

Key information

Recent management updates

Austal Limited Announces Resignation of Michael McCormack as Non-Executive Director, Effective 31 March 2024

Austal Limited, Annual General Meeting, Oct 26, 2023

Austal Limited Announces Director Changes

Austal Limited Announces Board Changes

Austal Limited, Annual General Meeting, Nov 23, 2022

Austal Limited Appoints Ian McMillan as Chief Operating Officer of Austal Australia, Effective 1 January 2021

Recent updates

Hanwha Corporation (KOSE:A000880) made a proposal to acquire Austal Limited (ASX:ASB) for AUD 1 billion

Hanwha's Bid for Austal Rejected by Target's Board

Austal Limited Announces Resignation of Michael McCormack as Non-Executive Director, Effective 31 March 2024

First half 2024 earnings released: EPS: AU$0.033 (vs AU$0.02 loss in 1H 2023)

Austal Limited to Report First Half, 2024 Results on Feb 23, 2024

Austal Limited, Annual General Meeting, Oct 26, 2023

Upcoming dividend of AU$0.03 per share at 3.1% yield

Full year 2023 earnings released: AU$0.038 loss per share (vs AU$0.22 profit in FY 2022)

Austal Limited to Report Fiscal Year 2023 Results on Aug 31, 2023

Investor sentiment deteriorates as stock falls 16%

Austal Limited Revises Earnings Guidance for the Fiscal Year 2023

Investor sentiment improves as stock rises 19%

Investor sentiment improves as stock rises 25%

Investor sentiment improves as stock rises 26%

Upcoming dividend of AU$0.04 per share at 4.3% yield

Investor sentiment improves as stock rises 16%

Austal Limited Announces Director Changes

Austal Limited Announces Board Changes

Austal Limited, Annual General Meeting, Nov 23, 2022

Austal Limited Announces ASIC Settlement Endorsement by Federal Court

Austal Limited Announces Future USNS Apalachicola Completes Acceptance Trials

Austal Limited Reaches Settlement with Australian Securities and Investments Commission

Upcoming dividend of AU$0.04 per share

Austal Limited Announces Dividend for the Six Months Ended June 30, 2022, Payable on 13 October, 2022

Full year 2022 earnings released: EPS: AU$0.22 (vs AU$0.23 in FY 2021)

Austal Limited to Report Fiscal Year 2022 Results on Aug 26, 2022

Austal Limited Upgrades EBIT Guidance for the Fiscal Year 2022

Investor sentiment improved over the past week

Upcoming dividend of AU$0.04 per share

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

Austal Limited Provides Earnings Guidance for the Financial Year 2022

Jianglong Shipbuilding Co., Ltd. (SZSE:300589) acquired remaining 40% stake in Aulong Shipbuilding Co., Ltd. from Austal Limited (ASX:ASB) for AUD 4.2 million.

Upcoming dividend of AU$0.04 per share

Investor sentiment deteriorated over the past week

Full year 2021 earnings released: EPS AU$0.23 (vs AU$0.25 in FY 2020)

Austal Limited Revised Earnings Guidance for Fiscal 2021

Austal Limited Announces Commencement of Civil Penalty Proceedings by ASIC

Upcoming Dividend of AU$0.04 Per Share

First half 2021 earnings released: EPS AU$0.15 (vs AU$0.12 in 1H 2020)

Revenue misses expectations

New 90-day low: €1.54

New 90-day low: €1.57

Austal Limited (ASX:ASB) completed the acquisition of BSE Maritime Solutions Group.

New 90-day low: €1.74

Austal Limited's Austal Australia Delivers 83 Metre Trimaran Ferry

New 90-day low: €1.86

Austal Limited Appoints Ian McMillan as Chief Operating Officer of Austal Australia, Effective 1 January 2021

Earnings released

Austal Limited to Report Fiscal Year 2020 Results on Aug 24, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure