voestalpine employee participation

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Further information about voestalpine Employee Participation, see: http://www.voestalpine.com/group/en/group/employee-participation/

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voestalpine employee participation

  1. 1. voestalpine Employee Participationvoestalpine Mitarbeiterbeteiligung Privatstiftungwww.voestalpine.com
  2. 2. aim of the Employee Participation contribution to secure the development of the company “Strategic Ownership“  to defend against unrequested ownership restructuring, stability for future development  to participate in decision making, in case of fundamental questions of the company, with more than 10% of shares possibility for individual profit for the employees  bonus from the employer  use of tax advantages  receive yearly dividends  take part in an increase of share-pricevoestalpine Mitarbeiterbeteiligung Privatstiftung2 | 9/28/2012 | Employee Participation
  3. 3. voestalpine AG – shareholder structure Raiffeisen free float 62.5% Landesbank 15% By collectively bundled voting rights of 14.5%* employees are the Employee second largest core shareholder! Participation 14.5% *13.5% active and 1% former Oberbank 8% employeesvoestalpine Mitarbeiterbeteiligung Privatstiftung3 | 9/28/2012 | Employee Participation
  4. 4. voestalpine Employee Participation internationalIn 53 Austrian and 57 international companies (UK, D, NL, PL, B) of the Groupapprox. 22,700 Employees take part in the model of Employee Participation model.number of voestalpine companies with Employee Participation 120 Österreich International 100 80 60 40 20 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012voestalpine Mitarbeiterbeteiligung Privatstiftung4 | 9/28/2012 | Employee Participation
  5. 5. Austrian model - general principles financing  Within the frame of the wage increase by national collective bargaining agreements, 6 times a part of the percentage wage increase was used to build up the employee participation since the year 2000. In extend of the agreed fee the employees get continuous allotted shares. The principles of the model are regulated by a Group internal works agreement.  Within the frame of the yearly, profit related bonus payment, a part of it is agreed to use for allocation of shares.  Austria: tax (and social security contributions) relief for allocation of shares hence a maximum of € 1,460 yearly. bundling of voting right, sustainability  The employee assigns the voting right of his shares through a trust agreement to the foundation during his complete employment in the voestalpine Group. volume September 2012:  23.5 m shares (partly pre-financed),  13.5 % of the voting rights, are held by  around 21,500 employees in  all of the 53 Austrian subsidiaries.voestalpine Mitarbeiterbeteiligung Privatstiftung5 | 9/28/2012 | Employee Participation
  6. 6. International model - framework central, standardized design  Group Management Board offers a standardized international model discounted purchase of shares  “Bonus Shares“ follow investment (e.g. 1:3)  yearly contribution range from € 300 to € 2,500 voting rights, bundling period  transfer of the voting rights to Austrian Mitarbeiterbeteiligung Privatstiftung  bundling period of 5 years status September 2011  specific model in NL 2004;  general international offer introduced in GB, D (2009), NL and PL (2011), B (2012)  57 subsidiaries in the Netherlands (15), the United Kingdom (7), Poland (5), Germany (29) and Belgium (1)  1,200 employees are integrated  on average 13% of all invited employees participate in the modelvoestalpine Mitarbeiterbeteiligung Privatstiftung6 | 9/28/2012 | Employee Participation
  7. 7. voestalpine Mitarbeiterbeteiligung Privatstiftung activity:  administration of the model  security and further development of the Employee Participation  execution of voting rights at general meeting of shareholders of voestalpine AG structure:  Management Board and Advisory Board  each nominated half by the management and half by the Works Council  each chaired by a representative of the Works Council Supervisory Board voestalpine AG: since 2004, because of the dimension of shareholding of more than 10%, it has been possible for the Mitarbeiterbeteiligung Privatstiftung to nominate a person for the Supervisory Board.voestalpine Mitarbeiterbeteiligung Privatstiftung7 | 9/28/2012 | Employee Participation
  8. 8. what makes us unique …Employee Participation in the voestalpine Group, especially itsbasis of bundling voting rights (“strategic ownership“) isin Austria: ONE OF THE VERY FEW models with individual acquisition of shares but collective bundling of the voting rights the ONLY model which integrates all employees of a group and which uses the possibility of this kind of collective bargaining agreement the ONLY model which is represented in a Supervisory Board with its volume of voting rights (14.5%) and its value of integrated shares the LARGEST broad based financial employee participationin Europe: ONE OF THE FEW models which operates cross border ONE OF THE VERY FEW models which is represented in any kind of a Board the ONLY model with an international systematic bundling of voting rights with individual shareholding at the same timevoestalpine Mitarbeiterbeteiligung Privatstiftung8 | 9/28/2012 | Employee Participation
  9. 9. voestalpine Mitarbeiterbeteiligung Privatstiftung9 | 9/28/2012 | Employee Participation

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