City Lodge Hotels Management

Management criteria checks 2/4

City Lodge Hotels' CEO is Andrew Widegger, appointed in Jul 2018, has a tenure of 5.75 years. total yearly compensation is ZAR14.62M, comprised of 39.2% salary and 60.8% bonuses, including company stock and options. directly owns 0.53% of the company’s shares, worth ZAR13.88M. The average tenure of the management team and the board of directors is 5.8 years and 8.4 years respectively.

Key information

Andrew Widegger

Chief executive officer

R14.6m

Total compensation

CEO salary percentage	39.2%
CEO tenure	5.8yrs
CEO ownership	0.5%
Management average tenure	5.8yrs
Board average tenure	8.4yrs

Recent management updates

Recent updates

Be Wary Of City Lodge Hotels (JSE:CLH) And Its Returns On Capital

May 17

City Lodge Hotels' (JSE:CLH) Solid Profits Have Weak Fundamentals

Mar 09

CEO Compensation Analysis

How has Andrew Widegger's remuneration changed compared to City Lodge Hotels's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	R173m
Sep 30 2023	n/a	n/a	R168m
Jun 30 2023	R15m	R6m	R164m
Mar 31 2023	n/a	n/a	R189m
Dec 31 2022	n/a	n/a	R213m
Sep 30 2022	n/a	n/a	R148m
Jun 30 2022	R8m	R6m	R82m
Mar 31 2022	n/a	n/a	-R103m
Dec 31 2021	n/a	n/a	-R288m
Sep 30 2021	n/a	n/a	-R546m
Jun 30 2021	R4m	R5m	-R805m
Mar 31 2021	n/a	n/a	-R944m
Dec 31 2020	n/a	n/a	-R1b
Sep 30 2020	n/a	n/a	-R785m
Jun 30 2020	R7m	R5m	-R487m
Mar 31 2020	n/a	n/a	-R187m
Dec 31 2019	n/a	n/a	R113m
Sep 30 2019	n/a	n/a	R159m
Jun 30 2019	R8m	R5m	R205m
Mar 31 2019	n/a	n/a	R233m
Dec 31 2018	n/a	n/a	R261m
Sep 30 2018	n/a	n/a	R270m
Jun 30 2018	R6m	R4m	R279m
Mar 31 2018	n/a	n/a	R283m
Dec 31 2017	n/a	n/a	R286m
Sep 30 2017	n/a	n/a	R291m
Jun 30 2017	R8m	R3m	R295m

Compensation vs Market: Andrew's total compensation ($USD771.13K) is above average for companies of similar size in the ZA market ($USD324.80K).

Compensation vs Earnings: Andrew's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Andrew Widegger (57 yo)

5.8yrs

Tenure

R14,617,000

Compensation

Mr. Andrew Crawford Widegger, CA (SA), has been Chief Executive Officer of City Lodge Hotels Ltd. since July 1, 2018. Mr. Widegger served as Group Financial Director of City Lodge Hotels Ltd.until July 1...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Andrew Widegger	CEO & Executive Director	5.8yrs	R14.62m	0.53% ZAR 13.9m
Dhanisha Nathoo	CFO & Director	4.1yrs	R6.30m	0.022% ZAR 566.0k
Lindiwe Sangweni-Siddo	COO & Executive Director	5.8yrs	R5.89m	0.023% ZAR 593.0k
Nkosenhle Ngongoma	Divisional Director of IT	less than a year	no data	no data
Jaqueline Jantjies	Divisional Director of Sales & Marketing	6.3yrs	R1.53m	no data
Marcel Kobilski	Divisional Director of Human Resources	no data	R2.37m	no data
Melanie Van Heerden	Group Company Secretary	12.2yrs	R2.09m	no data

5.8yrs

Average Tenure

54.5yo

Average Age

Experienced Management: CLH's management team is seasoned and experienced (5.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Andrew Widegger	CEO & Executive Director	30.3yrs	R14.62m	0.53% ZAR 13.9m
Dhanisha Nathoo	CFO & Director	4.1yrs	R6.30m	0.022% ZAR 566.0k
Lindiwe Sangweni-Siddo	COO & Executive Director	5.8yrs	R5.89m	0.023% ZAR 593.0k
Frank Kilbourn	Independent Deputy Chairman	28.3yrs	R601.00k	0.039% ZAR 1.0m
Bulelani Ngcuka	Independent Non Executive Chairman	15.7yrs	R1.19m	no data
Stuart Morris	Independent Non-Executive Director	18.2yrs	R647.00k	no data
Nondumiso Medupe	Independent Non-Executive Director	18.2yrs	R530.00k	no data
Andrew Lapping	Independent Non-Executive Director	2.4yrs	R469.00k	no data
M. Sizakele Marutlulle	Independent Non-Executive Director	7.5yrs	R387.00k	no data
George Huysamer	Independent Non-Executive Director	9.3yrs	R453.00k	no data
Mathukana Mokoka	Independent Non-Executive Director	1.8yrs	R419.00k	0.0056% ZAR 145.7k
Stephen Enderle	Non-Executive Director	4.3yrs	R357.00k	0.36% ZAR 9.5m

8.4yrs

Average Tenure

55.5yo

Average Age

Experienced Board: CLH's board of directors are considered experienced (8.4 years average tenure).

City Lodge Hotels Management

Management criteria checks 2/4

Key information

Recent management updates

City Lodge Hotels Limited Announces Board Changes

City Lodge Hotels Limited, Annual General Meeting, Nov 23, 2023

Independent Non-Executive Director recently bought R150k worth of stock

CEO & Executive Director recently sold R1.1m worth of stock

City Lodge Hotels Limited, Annual General Meeting, Nov 28, 2022

City Lodge Hotels Limited Announces Appointment of Mr. Stephen Enderle as Non-Executive Director and Member of the Risk Committee, Effective 1 April 2021

Recent updates

Now 21% overvalued

Upcoming dividend of R0.06 per share

First half dividend of R0.06 announced

City Lodge Hotels Limited Approves and Declares an Interim Dividend in Respect of the Six Months Ended 31 December 2023. Last Date to Trade Cum Dividend: 12 March 2024, Payable on 18 March 2024

City Lodge Hotels Limited Announces Board Changes

City Lodge Hotels Limited, Annual General Meeting, Nov 23, 2023

Independent Non-Executive Director recently bought R150k worth of stock

Upcoming dividend of R0.08 per share at 3.5% yield

City Lodge Hotels Limited Declares Final Dividend for the Year Ended 30 June 2023, Payable on 2 October 2023

Full year 2023 earnings released: EPS: R0.29 (vs R0.14 in FY 2022)

City Lodge Hotels Limited to Report Fiscal Year 2023 Results on Sep 08, 2023

New minor risk - Financial data availability

Be Wary Of City Lodge Hotels (JSE:CLH) And Its Returns On Capital

City Lodge Hotels' (JSE:CLH) Solid Profits Have Weak Fundamentals

Upcoming dividend of R0.05 per share at 2.4% yield

First half 2023 earnings released: EPS: R0.17 (vs R0.059 loss in 1H 2022)

CEO & Executive Director recently sold R1.1m worth of stock

City Lodge Hotels Limited, Annual General Meeting, Nov 28, 2022

Full year 2022 earnings released: EPS: R0.14 (vs R1.61 loss in FY 2021)

City Lodge Hotels Limited to Report First Half, 2022 Results on Feb 25, 2022

Independent Non-Executive Director Vincent Rague has left the company

Independent Non-Executive Director Raboijane Kgosana has left the company

Full year 2021 earnings released: R1.61 loss per share (vs R13.29 loss in FY 2020)

Full year 2021 earnings released

Ukarimu Limited entered into an agreement to acquire Fairview Hotel Ltd. from City Lodge Hotels Limited (JSE:CLH) and Property Lodging Investments (pty) Ltd for approximately ZAR 140 million.

City Lodge Hotels Limited Announces Appointment of Mr. Stephen Enderle as Non-Executive Director and Member of the Risk Committee, Effective 1 April 2021

An unknown buyer acquired an unknown stake in City Lodge Hotels Limited (JSE:CLH) from clients of Allan Gray Proprietary Limited on March 9, 2021.

New 90-day high: R3.72

City Lodge Hotels Limited to Report First Half, 2021 Results on Feb 26, 2021

New 90-day high: R3.64

Full year 2020 earnings released: R13.29 loss per share

New 90-day low: R2.43

City Lodge Hotels Limited has completed a Follow-on Equity Offering in the amount of ZAR 1.200896 billion.

City Lodge Hotels Limited to Report Fiscal Year 2020 Results on Sep 03, 2020

New 90-day low - R3.17

A group of unknown buyers acquired an additional unknown minority stake in City Lodge Hotels Limited (JSE:CLH).

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age