Imerys Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Alessandro Dazza

Chief executive officer

€4.4m

Total compensation

CEO salary percentage	21.1%
CEO tenure	4.8yrs
CEO ownership	n/a
Management average tenure	4.3yrs
Board average tenure	4.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Alessandro Dazza's remuneration changed compared to Imerys's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-€275m
Jun 30 2024	n/a	n/a	€48m
Mar 31 2024	n/a	n/a	€15m
Dec 31 2023	€4m	€920k	€8m
Sep 30 2023	n/a	n/a	€189m
Jun 30 2023	n/a	n/a	€126m
Mar 31 2023	n/a	n/a	€177m
Dec 31 2022	€4m	€800k	€173m
Sep 30 2022	n/a	n/a	€191m
Jun 30 2022	n/a	n/a	€187m
Mar 31 2022	n/a	n/a	€241m
Dec 31 2021	€5m	€800k	€181m
Sep 30 2021	n/a	n/a	€151m
Jun 30 2021	n/a	n/a	€115m
Mar 31 2021	n/a	n/a	€58m
Dec 31 2020	€4m	€700k	€30m

Compensation vs Market: Alessandro's total compensation ($USD4.56M) is above average for companies of similar size in the UK market ($USD2.69M).

Compensation vs Earnings: Alessandro's compensation has increased whilst the company is unprofitable.

CEO

Alessandro Dazza (55 yo)

4.8yrs

Tenure

€4,350,448

Compensation

Mr. Alessandro Dazza served as Chief Executive Officer of Flexible Packaging and Engineered Materials at Mondi plc since 2019 until 2020. He served as Chief Executive Officer of Fibre Packaging/Converting...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Alessandro Dazza	Chief Executive Officer	4.8yrs	€4.35m	no data
Sébastien Rouge	Chief Financial Officer	4.3yrs	no data	no data
Emmanuelle Vaudoyer	Group General Counsel & Company Secretary	1.5yrs	no data	no data
Anastasia Amvrosiadou	Group Chief Human Resources Officer	2.1yrs	no data	no data
Olivier Pirotte	Chief Strategy and M&A Officer	4.3yrs	no data	no data
Philippe Bourg	Senior Vice President of Refractory Abrasives & Construction	6yrs	no data	no data
Guillaume Delacroix	Senior Vice President of Performance Minerals EMEA & APAC	6yrs	no data	no data
Jim Murberger	Senior Vice President of Performance Minerals Americas	6yrs	no data	no data
Leah Wilson	Chief Sustainability Officer	2.1yrs	no data	no data

4.3yrs

Average Tenure

55yo

Average Age

Experienced Management: 0NPX's management team is considered experienced (4.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Patrick Kron	Independent Chairman of the Board	19.5yrs	€400.00k	0.00075% € 18.7k
Ian Gallienne	Director	14.6yrs	€74.25k	0.00071% € 17.7k
Lucile Ribot	Independent Director	6.5yrs	€72.73k	0.0011% € 26.4k
Bernard-Pierre Delpit	Director	2.5yrs	€36.75k	0.00071% € 17.7k
Stephanie Besnier	Independent Director	1.5yrs	€33.91k	0.00071% € 17.7k
Laurent Raets	Director	2.5yrs	€51.50k	0.00076% € 18.9k
Annette Messemer	Independent Director	4.5yrs	€46.50k	0.00071% € 17.7k
Veronique Saubot	ESG Referent Director & Independent Director	4.5yrs	€62.75k	0.00071% € 17.7k
Dominique Morin	Employee Representative Director	4.1yrs	€36.00k	no data
Carlos Manuel Fernandez	Employee Representative Director	4.1yrs	€33.50k	no data
Paris Kyriacopoulos	Director	3.5yrs	€32.75k	0.0020% € 49.6k
Rein Dirkx	Non-Voting Observer	2.5yrs	€33.50k	no data

4.1yrs

Average Tenure

55.5yo

Average Age

Experienced Board: 0NPX's board of directors are considered experienced (4.1 years average tenure).

Imerys Management

Management criteria checks 2/4

Key information

Recent management updates

High number of new directors

Imerys S.A. Announces Executive Appointments

High number of new directors

Recent updates

Third quarter 2024 earnings released

Now 23% undervalued after recent price drop

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

Second quarter 2024 earnings released

Upcoming dividend of €1.35 per share

Imerys S.A. to Report Q2, 2024 Results on Jul 29, 2024

First quarter 2024 earnings released

Imerys Enters into Exclusive Negotiations for the Sale of its Assets Serving the Paper Market

Now 21% overvalued after recent price rise

New minor risk - Financial position

Full year 2023 earnings released: EPS: €0.076 (vs €2.04 in FY 2022)

Now 25% overvalued after recent price rise

Mytilineos S.A. (ATSE:MYTIL) acquired IMERYS Greece Bauxite from Imerys S.A. (ENXTPA:NK).

Investor sentiment improves as stock rises 22%

Now 33% overvalued after recent price rise

Imerys S.A. to Report Q1, 2024 Results on Apr 30, 2024

Imerys S.A. to Report Fiscal Year 2023 Results on Feb 21, 2024

Mytilineos S.A. (ATSE:MYTIL) signed an agreement to acquire IMERYS Greece Bauxite from Imerys S.A. (ENXTPA:NK) for €10 million.

Mytilineos is in Advanced Negotiations to Acquire Imerys Bauxite Greece

New minor risk - Profit margin trend

Second quarter 2023 earnings released

Upcoming dividend of €3.85 per share at 4.3% yield

First quarter 2023 earnings released: EPS: €0.73 (vs €0.86 in 1Q 2022)

Full year 2022 earnings released: EPS: €1.89 (vs €2.84 in FY 2021)

Imerys S.A. to Report Q1, 2023 Results on May 02, 2023

Platinum Equity, LLC acquired High Temperature Solutions Business of Imerys S.A. from Imerys S.A. (ENXTPA:NK) in a transaction valued at approximately €930 million.

Platinum Equity, LLC acquired High Temperature Solutions Business of Imerys S.A. from Imerys S.A. (ENXTPA:NK) for approximately €930 million.

High number of new directors

Third quarter 2022 earnings released

Imerys S.A. to Report Fiscal Year 2022 Results on Feb 16, 2023

Platinum Equity Advisors, LLC acquired CALDERYS France S.A.S. from Imerys S.A. (ENXTPA:NK).

Imerys S.A. Announces Executive Appointments

CIMBAR Performance Minerals, Inc. acquired Sahuarita Arizona operation of Imerys.

Imerys Introduces ImerShield Solutions

Second quarter 2022 earnings released: EPS: €1.41 (vs €0.82 in 2Q 2021)

High number of new directors

Upcoming dividend of €1.55 per share

Northern Graphite Corporation (TSXV:NGC) completed the acquisition of Okanjande graphite deposit in Namibia from Imerys S.A. (ENXTPA:NK).

First quarter 2022 earnings released: EPS: €0.86 (vs €0.85 in 1Q 2021)

Investor sentiment improved over the past week

Now 21% undervalued

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Third quarter 2021 earnings released: EPS €0.89 (vs €0.48 in 3Q 2020)

Third quarter 2021 earnings released: EPS €0.89 (vs €0.48 in 3Q 2020)

Imerys S.A. (ENXTPA:NK) commences an Equity Buyback Plan for 8,494,095 shares, representing 10% of its issued share capital, under the authorization approved on May 10, 2021.

Second quarter 2021 earnings released: EPS €0.82 (vs €0.16 in 2Q 2020)

Upcoming dividend of €1.15 per share

First quarter 2021 earnings released: EPS €0.85 (vs €0.56 in 1Q 2020)

New 90-day high: €45.08

Revenue beats expectations

Full year 2020 earnings released: EPS €0.37 (vs €1.53 in FY 2019)

Imerys S.A. to Report Fiscal Year 2020 Results on Feb 18, 2021

New 90-day high: €39.03

New 90-day high: €37.82

New 90-day high: €35.12

Market bids up stock over the past week

Market bids up stock over the past week

Imerys S.A. (ENXTPA:NK) acquired Sunward Refractories Co., Ltd.

Revenue misses expectations

New 90-day low: €29.96

Imerys USA Inc. completed the acquisition of Kentucky-Tennessee Clay Co. from Hecla Mining.

Imerys S.A. to Report Q1, 2021 Results on Apr 29, 2021

Imerys S.A. (ENXTPA:NK) signed an agreement to acquire 60% stake in Haznedar Refrakter Sanayii A.S.

New 90-day high - €35.40

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age