Remuneration granted and owed for current Board of Management members in accordance with § 162 AktG

The remuneration granted and owed and the relative share of these for current members of the Board of Management, which are to be made public in accordance with § 162 (1) sentence 1 AktG, are shown in the following table. The table shows the basic remuneration paid out in the 2025 financial year, the remuneration in kind, the STI paid out in the 2025 financial year which was set for 2024, the LTI (2021 tranche) paid out in the 2025 financial year for which the term of the plan was from 2021 to 2024, and the non-cash benefit (value of the shares at the time of transfer) of the matching shares transferred in the 2025 financial year based on the participation in the SMP.

The Supervisory Board set the final level of target achievement of the 2021 tranche at 278 %. The LTI amount paid out in the 2025 financial year was limited to a maximum of 200 % of the award amount.

Short-Term Incentive (STI – 2024)

Target achievement for the STI in the 2024 financial year

The short-term variable remuneration (STI) paid out in the 2025 financial year is based on the 2024 financial year and consists in equal parts (one-third each) of Group financial targets, segment financial targets, and ESG targets. Target achievement for the targets applied can range between 0 % and 150 %. The performance factor resolved by the Supervisory Board is then applied to the resulting target achievement. The stipulated targets, the target achievement, and the resulting payment amounts can be seen in the following table:

Group financial targets

The Group financial targets set by the Supervisory Board and the target achievement of the Group financial targets derived from these can be seen in the table below:

In terms of service revenues, EBITDA AL, and free cash flow AL, results were considerably better than assumed in the budget, leading to target achievement of 121 %, 146 %, and 150 %, respectively. This resulted in weighted target achievement for the Group financial targets for the 2024 financial year of 140 %.

Segment financial targets

The segment financial targets on which the 2024 STI was based are distributed in the same way as for 2025, as shown in the figure in the section on performance-based remuneration components.

ESG targets

The STI for 2024 was based on the E targets of CO₂ emissions and energy consumption. Overall, the weighted target achievement for the ESG targets was determined to be at 130 %.

The figure for the “CO₂ emissions” target for 2024 was adjusted retrospectively in the management report for the 2024 financial year to account for fugitive emissions, which means that the figure in the management report differs from the one in the table below.

The level of ambition and the target achievement derived from this can be seen in the following table:

Performance factor

When setting the personal performance factor for the 2024 STI, the Supervisory Board took into account performance in regard to the personal strategic targets and the value adherence scores, and set a factor of 1.1 for Birgit Bohle, Srinivasan Gopalan, Timotheus Höttges, Dr. Christian P. Illek, Thorsten Langheim, and Dominique Leroy. A factor of 1.05 has been set for Dr. Ferri Abolhassan and Claudia Nemat.

For the 2024 financial year, the Supervisory Board had agreed the following personal strategic targets with the members of the Board of Management, which were a component of the performance review by the Supervisory Board:

Based on a comprehensive qualitative evaluation of the achievement of the personal strategic targets listed and compliance with the value adherence criteria, the performance factors specified above and personal target achievement levels for the 2024 STI were determined for each member of the Board of Management.

Long-Term Incentive (2021 tranche)

The long-term variable remuneration (2021 tranche) paid out in the 2025 financial year corresponds to the 2022 tranche described above in terms of its functionality. The level of ambition for the target values was set at the start of the term of the plan for all four years. The term of the 2021 tranche of the LTI plan ended on December 31, 2024. The Supervisory Board set the final level of target achievement of the 2021 tranche at 278 %, taking the share price performance and dividend payments into account. The LTI amount paid out in the 2025 financial year was limited to a maximum of 200 % of the award amount. Target achievement of the target parameters for the completed 2021 tranche of the LTI is outlined in detail below:

Share Matching Plan (SMP)

The amounts reported as total remuneration include the value applicable at the time of transfer of the matching shares in the 2025 financial year, which was subject to wage tax. All matching shares transferred in the 2025 financial year were transferred four years after the date of the mandatory personal investment in 2021. As part of the personal investment made in 2021, a collective purchase was carried out for the first time for all members of the Board of Management on a specified date, which meant that all shares were transferred on May 27, 2025 at a share price of EUR 33.83. Birgit Bohle received 21,280 shares, Timotheus Höttges 71,084 shares, Dr. Christian P. Illek 26,189 shares, Thorsten Langheim 25,542 shares, Dominique Leroy 3,273 shares, and Claudia Nemat 26,398 shares.