Consolidated Water Management

Management criteria checks 3/4

Consolidated Water's CEO is Rick McTaggart, appointed in Oct 2000, has a tenure of 23.5 years. total yearly compensation is $1.45M, comprised of 38.1% salary and 61.9% bonuses, including company stock and options. directly owns 1.68% of the company’s shares, worth €6.24M. The average tenure of the management team and the board of directors is 14.5 years and 29.8 years respectively.

Key information

Rick McTaggart

Chief executive officer

US$1.4m

Total compensation

CEO salary percentage	38.1%
CEO tenure	23.5yrs
CEO ownership	1.7%
Management average tenure	14.5yrs
Board average tenure	29.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Rick McTaggart's remuneration changed compared to Consolidated Water's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$1m	US$551k	US$31m
Sep 30 2023	n/a	n/a	US$23m
Jun 30 2023	n/a	n/a	US$15m
Mar 31 2023	n/a	n/a	US$10m
Dec 31 2022	US$1m	US$525k	US$8m
Sep 30 2022	n/a	n/a	US$8m
Jun 30 2022	n/a	n/a	US$9m
Mar 31 2022	n/a	n/a	US$4m
Dec 31 2021	US$907k	US$496k	US$3m
Sep 30 2021	n/a	n/a	US$2m
Jun 30 2021	n/a	n/a	US$3m
Mar 31 2021	n/a	n/a	US$7m
Dec 31 2020	US$906k	US$496k	US$9m
Sep 30 2020	n/a	n/a	US$10m
Jun 30 2020	n/a	n/a	US$12m
Mar 31 2020	n/a	n/a	US$12m
Dec 31 2019	US$1m	US$468k	US$11m
Sep 30 2019	n/a	n/a	US$11m
Jun 30 2019	n/a	n/a	US$12m
Mar 31 2019	n/a	n/a	US$11m
Dec 31 2018	US$1m	US$468k	US$10m
Sep 30 2018	n/a	n/a	US$9m
Jun 30 2018	n/a	n/a	US$5m
Mar 31 2018	n/a	n/a	US$4m
Dec 31 2017	US$978k	US$468k	US$5m

Compensation vs Market: Rick's total compensation ($USD1.45M) is above average for companies of similar size in the German market ($USD1.02M).

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

CEO

Rick McTaggart (60 yo)

23.5yrs

Tenure

US$1,446,075

Compensation

Mr. Frederick W. McTaggart, also known as Rick, has been a Director of Consolidated Water Co. Ltd. since 1998. He has been the Chief Executive Officer of Consolidated Water Co. Ltd.since January 1, 2004 a...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Frederick McTaggart	CEO, President & Director	23.5yrs	US$1.45m	1.68% $ 6.2m
David Sasnett	Executive VP & CFO	17.8yrs	US$749.79k	0.42% $ 1.6m
Ramjeet Jerrybandan	Executive VP	11.3yrs	US$750.05k	0.37% $ 1.4m
Brent Brodie	Executive Vice President of Business Development	2.3yrs	US$291.88k	0.21% $ 775.7k

14.5yrs

Average Tenure

60yo

Average Age

Experienced Management: CW2's management team is seasoned and experienced (14.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Frederick McTaggart	CEO, President & Director	26.3yrs	US$1.45m	1.68% $ 6.2m
Brian Butler	Independent Director	41.3yrs	US$96.16k	0.26% $ 950.0k
Clarence Flowers	Independent Director	33.3yrs	US$80.95k	1.92% $ 7.1m
Leonard Sokolow	Independent Director	17.8yrs	US$109.62k	0.22% $ 821.6k
Raymond Whittaker	Independent Director	35.4yrs	US$97.98k	0.044% $ 165.7k
Wilmer Pergande	Independent Chairman of the Board	46.3yrs	US$201.27k	0.24% $ 911.6k
Carson Ebanks	Independent Director	22.9yrs	US$81.38k	0.20% $ 739.9k
Linda Beidler-D'Aguilar	Non-Independent Director	5.4yrs	US$100.09k	0.10% $ 389.7k

29.8yrs

Average Tenure

67yo

Average Age

Experienced Board: CW2's board of directors are seasoned and experienced ( 29.8 years average tenure).

Consolidated Water Management

Management criteria checks 3/4

Key information

Recent management updates

Consolidated Water Co. Ltd., Annual General Meeting, May 28, 2024

Independent Director recently sold €114k worth of stock

Independent Director recently sold €79k worth of stock

Insufficient new directors

Independent Director recently sold €142k worth of stock

Independent Chairman of the Board recently sold €72k worth of stock

Recent updates

Investor sentiment deteriorates as stock falls 19%

New major risk - Revenue and earnings growth

Consolidated Water Co. Ltd., Annual General Meeting, May 28, 2024

Full year 2023 earnings released: EPS: US$1.95 (vs US$0.54 in FY 2022)

Upcoming dividend of US$0.095 per share

Consolidated Water Co. Ltd. to Report Fiscal Year 2023 Results on Mar 28, 2024

Third quarter dividend of US$0.095 announced

Upcoming dividend of US$0.095 per share at 1.1% yield

Consolidated Water Co. Ltd. Declares Cash Dividend for the First Quarter of 2024, Payable on January 31, 2024

Third quarter 2023 earnings released

Consolidated Water Co. Ltd. to Report Q3, 2023 Results on Nov 10, 2023

Upcoming dividend of US$0.095 per share at 1.3% yield

Consolidated Water Declares Fourth Quarter Cash Dividend, Payable on October 31, 2023

Independent Director recently sold €114k worth of stock

Independent Director recently sold €79k worth of stock

Investor sentiment improves as stock rises 34%

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released

Now 21% undervalued

Investor sentiment deteriorates as stock falls 15%

New minor risk - Share price stability

Upcoming dividend of US$0.085 per share at 1.4% yield

Now 21% undervalued

Consolidated Water Co. Ltd. Approves Quarterly Cash Dividend, Payable on July 31, 2023

First quarter 2023 earnings released: EPS: US$0.27 (vs US$0.15 in 1Q 2022)

Consolidated Water Co. Ltd. to Report Q1, 2023 Results on May 16, 2023

Full year 2022 earnings released: EPS: US$0.54 (vs US$0.23 in FY 2021)

Upcoming dividend of US$0.085 per share at 2.5% yield

Upcoming dividend of US$0.085 per share

Consolidated Water Co. Ltd. Declares First Quarter Cash Dividend, Payable on January 31, 2023

Insufficient new directors

Consolidated Water Co. Ltd. to Report Q3, 2022 Results on Nov 15, 2022

Upcoming dividend of US$0.085 per share

Investor sentiment improved over the past week

Independent Director recently sold €142k worth of stock

Consolidated Water Co. Ltd. Declares Fourth Quarter Cash Dividend, Payable October 31, 2022

Second quarter 2022 earnings released: EPS: US$0.18 (vs US$0.10 loss in 2Q 2021)

Consolidated Water Co. Ltd. to Report Q2, 2022 Results on Aug 12, 2022

Upcoming dividend of US$0.085 per share

Independent Chairman of the Board recently sold €72k worth of stock

Consolidated Water Co. Ltd. Declares Third Quarter Cash Dividend, Payable July 29, 2022

Investor sentiment improved over the past week

First quarter 2022 earnings released: EPS: US$0.15 (vs US$0.085 in 1Q 2021)

Consolidated Water Co. Ltd. to Report Q1, 2022 Results on May 13, 2022

Insufficient new directors

Full year 2021 earnings released

Consolidated Water Co. Ltd., Annual General Meeting, May 23, 2022

Consolidated Water Co. Ltd., Annual General Meeting, May 23, 2022

Upcoming dividend of US$0.085 per share

Now 22% undervalued after recent price drop

Now 21% undervalued after recent price drop

Upcoming dividend of US$0.085 per share

Third quarter 2021 earnings released: EPS US$0.09 (vs US$0.12 in 3Q 2020)

Upcoming dividend of US$0.085 per share

Second quarter 2021 earnings released: US$0.10 loss per share (vs US$0.17 profit in 2Q 2020)

Consolidated Water Co. Ltd.(NasdaqGS:CWCO) dropped from Russell 2000 Defensive Index

Upcoming dividend of US$0.085 per share

Consolidated Water Declares Third Quarter Cash Dividend, Payable on July 30, 2021

First quarter 2021 earnings released: EPS US$0.085 (vs US$0.21 in 1Q 2020)

Upcoming dividend of US$0.085 per share

Consolidated Water Co. Ltd. to Report Fiscal Year 2020 Results on Apr 01, 2021

Investor sentiment improved over the past week

New 90-day high: €11.20

New 90-day high: €11.00

New 90-day high: €10.50

New 90-day high: €10.10

Third quarter 2020 earnings released: EPS US$0.12

Revenue misses expectations

Consolidated Water Co. Ltd. to Report Q3, 2020 Results on Nov 17, 2020