Bid Corporation (BID) Status Update summary

Remuneration policy updates and shareholder engagement

• Minimum shareholding policy for executives formalized and tracked in response to shareholder input.

• Adjusted weighting between HEPS and return on capital metrics as requested by shareholders.

• Enhanced disclosure granularity, balancing transparency with strategic confidentiality.

• Ongoing engagement with shareholders to refine remuneration practices.

Capital efficiency metrics and performance measurement

• ROFE (Return on Funds Employed) remains the core performance metric, deeply embedded at all organizational levels.

• ROFE is audited by external auditors and calculated using annual averages, focusing on direct performance regardless of capital structure.

• ROFE enables benchmarking across warehouses, regions, and countries, identifying under- and over-performers.

• Consideration will be given to providing more ROIC (Return on Invested Capital) data for shareholder comparison.

• Current LTI metrics are balanced at 35% profit growth and 35% return on capital, reflecting shareholder feedback.

Board and committee governance

• High attendance and active engagement are expected from directors, with performance evaluated both formally and informally.

• Remuneration for non-executive directors is not formula-driven; flexibility is preferred over strict attendance-based adjustments.

• Most board members have a 100% attendance record, supporting the effectiveness of the current model.