H2O Innovation Management

Management criteria checks 4/4

H2O Innovation's CEO is Frederic Dugre, appointed in Jan 2000, has a tenure of 23.92 years. total yearly compensation is CA$632.99K, comprised of 61.8% salary and 38.2% bonuses, including company stock and options. directly owns 0.98% of the company’s shares, worth €2.57M. The average tenure of the management team and the board of directors is 3 years and 4.1 years respectively.

Key information

Frederic Dugre

Chief executive officer

CA$633.0k

Total compensation

CEO salary percentage	61.8%
CEO tenure	23.9yrs
CEO ownership	1.0%
Management average tenure	3yrs
Board average tenure	4.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Frederic Dugre's remuneration changed compared to H2O Innovation's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2023	n/a	n/a	-CA$2m
Jun 30 2023	CA$633k	CA$391k	-CA$1m
Mar 31 2023	n/a	n/a	CA$3m
Dec 31 2022	n/a	n/a	CA$4m
Sep 30 2022	n/a	n/a	CA$4m
Jun 30 2022	CA$637k	CA$380k	CA$5m
Mar 31 2022	n/a	n/a	CA$3m
Dec 31 2021	n/a	n/a	CA$3m
Sep 30 2021	n/a	n/a	CA$3m
Jun 30 2021	CA$1m	CA$330k	CA$3m
Mar 31 2021	n/a	n/a	CA$4m
Dec 31 2020	n/a	n/a	-CA$1m
Sep 30 2020	n/a	n/a	-CA$2m
Jun 30 2020	CA$585k	CA$330k	-CA$4m
Mar 31 2020	n/a	n/a	-CA$6m
Dec 31 2019	n/a	n/a	-CA$3m
Sep 30 2019	n/a	n/a	-CA$3m
Jun 30 2019	CA$629k	CA$315k	-CA$2m
Mar 31 2019	n/a	n/a	-CA$2m
Dec 31 2018	n/a	n/a	-CA$3m
Sep 30 2018	n/a	n/a	-CA$3m
Jun 30 2018	CA$332k	CA$315k	-CA$3m
Mar 31 2018	n/a	n/a	-CA$4m
Dec 31 2017	n/a	n/a	-CA$6m
Sep 30 2017	n/a	n/a	-CA$5m
Jun 30 2017	CA$2m	CA$315k	-CA$5m

Compensation vs Market: Frederic's total compensation ($USD466.45K) is about average for companies of similar size in the French market ($USD535.31K).

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

CEO

Frederic Dugre

23.9yrs

Tenure

CA$632,986

Compensation

Mr. Frederic Dugre Co-founded H2O Innovation Inc. (also known as H2O Innovation (2000) Inc) in 2000 and has also been its Chief Executive Officer and President since January 2000. Mr. Dugre served as an Ex...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Frederic Dugre	Co-Founder	23.9yrs	CA$632.99k	0.98% CA$ 2.6m
Marc Blanchet	Chief Financial Officer	8.3yrs	CA$393.38k	0.50% CA$ 1.3m
Guillaume Clairet	Chief Operating Officer	8.3yrs	CA$473.57k	0.51% CA$ 1.3m
Gregory Madden	Chief Strategic Officer	3.4yrs	CA$391.39k	0.12% CA$ 309.2k
William Douglass	VP and MD of Operation & Maintenance	no data	CA$467.84k	no data
Edith Allain	VP of Corporate & Legal Affairs and Secretary	2.7yrs	no data	0.0030% CA$ 7.7k
Alejandro Sturniolo	Vice President of Marketing & Sustainability	less than a year	no data	no data
Frederique Sheehy-Denis	Human Resources Director	2.3yrs	no data	no data
Denis Guibert	VP & MD of Water Technologies and Services - Ontario	no data	CA$208.14k	0.13% CA$ 332.6k
Rock Gaulin	VP and MD of Manufacturing & Maple - Québec	no data	no data	0.055% CA$ 144.3k
Simon Bouchard	Head of Procurement	2.3yrs	no data	no data
Ties Venema	VP and MD of Specialty Chemicals	no data	no data	no data

3.0yrs

Average Tenure

Experienced Management: ALHEO's management team is considered experienced (3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Frederic Dugre	Co-Founder	24.9yrs	CA$632.99k	0.98% CA$ 2.6m
Richard Hoel	Independent Vice Chairman of the Board	15.4yrs	CA$71.68k	2.13% CA$ 5.6m
Leonard Graziano	Independent Director	less than a year	CA$38.25k	0.0038% CA$ 10.0k
Pierre Cote	Independent Director	10.1yrs	CA$63.00k	0.093% CA$ 242.6k
Caroline Lemoine	Independent Director	less than a year	CA$43.38k	0.0049% CA$ 12.9k
Bertrand Lauzon	Independent Director	1.4yrs	no data	0.011% CA$ 27.8k
Elisa Speranza	Independent Director	3yrs	CA$73.22k	0.071% CA$ 185.2k
Lisa Henthorne	Independent Chairwoman of the Board	13.4yrs	CA$118.50k	0.14% CA$ 355.1k
Stephane Guerin	Independent Director	4.1yrs	CA$75.38k	0.048% CA$ 126.5k

4.1yrs

Average Tenure

75yo

Average Age

Experienced Board: ALHEO's board of directors are considered experienced (4.1 years average tenure).

H2O Innovation Management

Management criteria checks 4/4

Key information

Recent management updates

H2O Innovation Inc., Annual General Meeting, Dec 05, 2023

H2O Innovation Inc. Appoints Mr. Leonard F. Graziano as Member of its Board of Directors

H2O Innovation Inc., Annual General Meeting, Dec 06, 2022

H2O Innovation Announces Change on its Board of Directors

High number of new directors

Independent Vice Chairman of the Board recently sold €1.2m worth of stock

Recent updates

H2O Innovation Inc. Expands Its Offices to Consolidate Business Operations in Texas

H2O Innovation Inc. to Report Q1, 2024 Results on Nov 14, 2023

H2O Innovation Inc., Annual General Meeting, Dec 05, 2023

Full year 2023 earnings released: CA$0.014 loss per share (vs CA$0.058 profit in FY 2022)

H2O Innovation Inc. to Report Q4, 2023 Results on Sep 27, 2023

Investor sentiment deteriorates as stock falls 18%

Now 25% undervalued

Now 20% undervalued

Now 22% undervalued

H2O Innovation Inc. Officializes Launch of Its Mobile Fleet and Increases Blue Loan Credit Facility by $10 Million to Support It

Now 22% undervalued

Investor sentiment improves as stock rises 19%

Third quarter 2023 earnings released: EPS: CA$0.004 (vs CA$0.015 in 3Q 2022)

Now 32% undervalued

Investor sentiment deteriorates as stock falls 18%

H2O Innovation Inc. Appoints Mr. Leonard F. Graziano as Member of its Board of Directors

Second quarter 2023 earnings released: EPS: CA$0.007 (vs CA$0.009 in 2Q 2022)

Now 26% undervalued after recent price drop

Investor sentiment improves as stock rises 15%

H2O Innovation Inc. to Report Q2, 2023 Results on Feb 14, 2023

Investor sentiment improved over the past week

H2O Innovation Inc. Provides Revenue Guidance for the Year 2023, 2024 and 2025

Investor sentiment improved over the past week

First quarter 2023 earnings released: EPS: CA$0 (vs CA$0.007 in 1Q 2022)

H2O Innovation Inc. to Report Q1, 2023 Results on Nov 10, 2022

Full year 2022 earnings released: EPS: CA$0.058 (vs CA$0.039 in FY 2021)

H2O Innovation Inc., Annual General Meeting, Dec 06, 2022

H2O Innovation Inc. to Report Q4, 2022 Results on Sep 28, 2022

Investor sentiment deteriorated over the past week

H2O Innovation Announces Change on its Board of Directors

H2O Innovation Inc. (TSX:HEO) completed the acquisition of Business of Leader Evaporator, Inc.

Investor sentiment deteriorated over the past week

Third quarter 2022 earnings released: EPS: CA$0.015 (vs CA$0.026 in 3Q 2021)

H2O Innovation Inc. (TSX:HEO) entered into a binding letter of intent to acquire Business of Leader Evaporator, Inc.

Investor sentiment improved over the past week

Second quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Investor sentiment improved over the past week

H2O Innovation Inc. to Report Q2, 2022 Results on Feb 14, 2022

H2O Innovation Inc. (TSXV:HEO) acquired JCO, Inc. and Environmental Consultants, LLC.

Investor sentiment improved over the past week

First quarter 2022 earnings released: EPS CA$0.007 (vs CA$0.013 in 1Q 2021)

Full year 2021 earnings released: EPS CA$0.039 (vs CA$0.061 loss in FY 2020)

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

High number of new directors

Investor sentiment improved over the past week

Third quarter 2021 earnings released: EPS CA$0.026 (vs CA$0.04 loss in 3Q 2020)

Second quarter 2021 earnings released: EPS CA$0.003 (vs CA$0.014 loss in 2Q 2020)

Revenue misses expectations

H2O Innovation Inc. (TSXV:HEO) acquired the remaining 76% of Genesys Membrane Products, S.L.

H2O Innovation Inc. to Report Q2, 2021 Results on Feb 11, 2021

H2O Innovation Inc. Receives Engineering Contract on a Capital Equipment Project for the Largest Electric Vehicle Manufacturer in the US, as Well as Four New Municipal and Industrial Capital Equipment Projects

New 90-day high: €1.67

H2O Innovation Inc Secures $3.3 Million Three Large FRP & Coupling Orders and Signs Two New Distribution Agreements

Independent Vice Chairman of the Board recently sold €1.2m worth of stock

H2O Innovation Inc. to Present Its First 3-Year Strategic Plan Aligning Its Long-Term Vision with Key Strategic Objectives

New 90-day high: €1.37

First quarter 2021 earnings released: EPS CA$0.013

Revenue beats expectations

H2O Innovation Inc. to Report Q1, 2021 Results on Nov 10, 2020

New 90-day high: €1.12

New 90-day high: €0.86

Full year earnings released - €0.061 loss per share

H2O Innovation Inc. to Report Q4, 2020 Results on Sep 24, 2020

H2O Innovation Inc. (TSXV:HEO) acquired Gulf Utility Service, Inc. for $2.8 million.

CEO Compensation Analysis

CEO

Tenure

Compensation