Sims Management

Management criteria checks 3/4

Sims' CEO is Stephen Mikkelsen, appointed in Oct 2023, has a tenure of 1.08 years. total yearly compensation is A$2.77M, comprised of 49.1% salary and 50.9% bonuses, including company stock and options. directly owns 0.072% of the company’s shares, worth €1.07M. The average tenure of the management team and the board of directors is 4.5 years and 1.7 years respectively.

Key information

Stephen Mikkelsen

Chief executive officer

AU$2.8m

Total compensation

CEO salary percentage	49.1%
CEO tenure	1.1yrs
CEO ownership	0.07%
Management average tenure	4.5yrs
Board average tenure	1.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Stephen Mikkelsen's remuneration changed compared to Sims's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	AU$3m	AU$1m	AU$2m
Dec 31 2023	n/a	n/a	AU$146m
Sep 30 2023	n/a	n/a	AU$164m
Jun 30 2023	AU$2m	AU$1m	AU$197m
Mar 31 2023	n/a	n/a	AU$314m
Dec 31 2022	n/a	n/a	AU$447m
Sep 30 2022	n/a	n/a	AU$523m
Jun 30 2022	AU$5m	AU$1m	AU$599m
Mar 31 2022	n/a	n/a	AU$514m
Dec 31 2021	n/a	n/a	AU$430m
Sep 30 2021	n/a	n/a	AU$330m
Jun 30 2021	AU$4m	AU$1m	AU$229m
Mar 31 2021	n/a	n/a	AU$54m
Dec 31 2020	n/a	n/a	-AU$121m
Sep 30 2020	n/a	n/a	-AU$193m
Jun 30 2020	AU$2m	AU$1m	-AU$265m
Mar 31 2020	n/a	n/a	-AU$140m
Dec 31 2019	n/a	n/a	-AU$15m
Sep 30 2019	n/a	n/a	AU$69m
Jun 30 2019	AU$3m	AU$1m	AU$153m
Mar 31 2019	n/a	n/a	AU$171m
Dec 31 2018	n/a	n/a	AU$189m
Sep 30 2018	n/a	n/a	AU$196m
Jun 30 2018	AU$2m	AU$431k	AU$204m

Compensation vs Market: Stephen's total compensation ($USD1.80M) is about average for companies of similar size in the German market ($USD1.63M).

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

CEO

Stephen Mikkelsen (60 yo)

1.1yrs

Tenure

AU$2,769,439

Compensation

Mr. Stephen John Mikkelsen, BBS, CA, serves as Group Chief Executive Officer and Managing Director of Sims Limited since October 01, 2023 and had been its Group Chief Financial Officer since January 29, 20...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Stephen Mikkelsen	Group CEO	1.1yrs	AU$2.77m	0.072% € 1.1m
Warrick R. Ranson	Group Chief Financial Officer	less than a year	AU$1.67m	no data
John Glyde	Global Chief Operating Officer of Sims Metal	7.3yrs	AU$1.97m	0.11% € 1.6m
Robert Thompson	Global Chief Commercial Officer - Sims Metal	2.3yrs	AU$2.17m	0.0078% € 116.4k
Gretchen Johanns	Group General Counsel & Company Secretary	6yrs	no data	no data
Réal Hamilton-Romeo	Global Head of Communications & Marketing	no data	no data	no data
M. Baker	Group Chief Human Resources Officer	6.8yrs	no data	no data
Ingrid Sinclair	Global President of Sims Lifecycle Services	5.8yrs	no data	no data
Ana Metelo	Joint Company Secretary	3.3yrs	no data	no data
Richard Brierley	Assistant Company Secretary	no data	no data	no data

4.5yrs

Average Tenure

Experienced Management: I8M's management team is considered experienced (4.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Stephen Mikkelsen	Group CEO	1.1yrs	AU$2.77m	0.072% € 1.1m
Deborah O'Toole	Independent Non-Executive Director	10yrs	AU$267.47k	0.0091% € 135.2k
Katherine Hirschfeld	Independent Non-Executive Director	1.2yrs	AU$225.78k	0.0052% € 77.8k
Victoria Binns	Independent Non-Executive Director	3.1yrs	AU$253.51k	0.0040% € 59.5k
Philip Bainbridge	Independent Chairman of the Board	2.2yrs	AU$327.26k	0.016% € 242.0k
Thomas Gorman	Independent Non-Executive Director	4.4yrs	AU$250.13k	0.0034% € 50.2k
Grant Dempsey	Independent Non-Executive Director	less than a year	AU$50.02k	no data
Shinichiro Omachi	Non- Independent Non-Executive Director	no data	no data	no data

1.7yrs

Average Tenure

64yo

Average Age

Experienced Board: I8M's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.

Sims Management

Management criteria checks 3/4

Key information

Recent management updates

Sims Limited Announces Director Changes

Sims Limited, Annual General Meeting, Nov 13, 2024

High number of new directors

Sims Limited Appoints Grant Dempsey as an Independent Non-Executive Director and Member of the Audit Committee

Sims Limited Announces Chief Financial Officer Changes

Sims Limited Announces Executive Changes, Effective October 1 2023

Recent updates

Sims Limited Announces Director Changes

New minor risk - Shareholder dilution

Now 20% undervalued

Sims Limited, Annual General Meeting, Nov 13, 2024

Upcoming dividend of AU$0.10 per share

Now 20% undervalued

Dividend of AU$0.10 announced

Sims Limited Announces Dividend Year Ended 30 June 2024, Payable on 16 October 2024

Full year 2024 earnings released: EPS: AU$0.009 (vs AU$0.94 in FY 2023)

New minor risk - Shareholder dilution

High number of new directors

Sims Limited Appoints Grant Dempsey as an Independent Non-Executive Director and Member of the Audit Committee

Sims Limited to Report Fiscal Year 2024 Results on Nov 20, 2024

First half 2024 earnings released: EPS: AU$0.34 (vs AU$0.52 in 1H 2023)

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

Sims Limited Announces Chief Financial Officer Changes

Sims Limited Declares Final Dividend for the Year Ended 30 June 2023, Payable on 18 October 2023

New minor risk - Shareholder dilution

Upcoming dividend of AU$0.21 per share at 2.6% yield

Pacific Equity Partners entered into an agreement to acquire 50% stake in LMS ENERGY Pty Ltd from Sims Limited (ASX:SGM).

Sims Limited (ASX:SGM) agreed to acquire Assets of Baltimore Scrap Corporation for $177 million.

New minor risk - Earnings quality

Sims Limited (ASX:SGM) agreed to acquire Assets of Baltimore Scrap Corporation for $177 million.

New minor risk - Profit margin trend

Full year 2023 earnings released: EPS: AU$0.94 (vs AU$3.03 in FY 2022)

Sims Limited Announces Executive Changes, Effective October 1 2023

Sims Limited, Annual General Meeting, Nov 01, 2023

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

Upcoming dividend of AU$0.14 per share at 6.3% yield

First half 2023 earnings released: EPS: AU$0.52 (vs AU$1.27 in 1H 2022)

Sims Limited Announces Distribution for the Period of Six Months Ended December 31, 2022, Payable on March 22, 2023

Sims Limited to Report First Half, 2023 Results on Feb 14, 2023

Sims Limited Announces Retirement of Heather Ridout as Non-Executive Director

Independent Non-Executive Director recently bought €65k worth of stock

Upcoming dividend of AU$0.50 per share

Sims Limited Appoints Philip Bainbridge to Board of Directors

Full year 2022 earnings released: EPS: AU$3.03 (vs AU$1.14 in FY 2021)

Sims Limited Declares Final Dividend, Payable on October 19, 2022

Sims Limited Appoints Robert Thompson as Global Chief Commercial Officer

Investor sentiment deteriorated over the past week

Sims Limited Announces Class Action Settlement

Sims Limited, Annual General Meeting, Nov 09, 2022

Upcoming dividend of AU$0.41 per share

Investor sentiment improved over the past week

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

Sims Limited Announces Executive Resignations

A group of investors, including investment funds managed by Closed Loop Partners, LLC agreed to acquire a 50.46% stake in Sims Municipal Recycling of New York LLC from Sims Limited (ASX:SGM) for $45.4 million.

Sims Limited (ASX:SGM) agreed to acquire Assets of Atlantic Recycling Group, LLC for $37 million.

Sims Limited (ASX:SGM) acquired assets from Recyclers Australia Pty Ltd for AUD 18 million.

Upcoming dividend of AU$0.30 per share

Sims Limited (ASX:SGM) announces an Equity Buyback for AUD 150 million worth of its shares.

Investor sentiment deteriorated over the past week

Full year 2021 earnings released: EPS AU$1.14 (vs AU$1.31 loss in FY 2020)

Sims Limited (ASX:SGM) acquired JED renewable landfill gas to energy facility in Orlando, Florida from JED Landfill for AUD 4.8 million.

New 90-day high: €9.15

First half 2021 earnings released: EPS AU$0.26 (vs AU$0.45 loss in 1H 2020)

Revenue misses expectations

Sims Limited (ASX:SGM) acquired certain commercial and operating assets of Alumisource Corporation for $22.5 million.

New 90-day high: €8.00

New 90-day high: €7.95

New 90-day high: €5.40

Full year earnings released

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members