AIRBUS - 2019 Registration Document

Corporate Governance  / 4.2 Interests of Directors and Principal Executive Officers

4.2.1.4 Implementation of the Remuneration Policy: CEO a) Benchmarking Based on a review the RNGC performed in 2018 with the assistance of an independent consultant, Willis Towers Watson, it was concluded that the CEO’s Total Direct Compensation was at the median level of the peer group as defined in Section 4.2.1.1 a).

b) Base Salary For 2018, the Base Salary of the current CEO remained at €1,500,000. The CEO’s Base Salary level was reviewed in 2015 and approved by shareholders at the 2016 AGM. The Base Salary of the future CEO is €1,350,000 on a full year basis. Any increase of the future CEO’s Base Salary will also take into consideration salary increases of employees across the group.

c) Annual Variable Remuneration As stipulated in the Company’s Remuneration Policy, the CEO’s VR is targeted at 100% of the Base Salary and capped at 200% of the Base Salary. It is subject to the fulfilment of collective and individual performance targets. This applies for both the current and the future CEO. For 2018, the VR of the current CEO amounted to an aggregate € 2,317,500 composed of €967,500 (129%) for the Common Collective Component and €1,350,000 (180%) for the Individual Component.

Common Collective Component: € 967,500 Achievement: 129%

Total Variable Remuneration: € 2,317,500

Individual part: € 1,350,000 Achievement: 180%

At the end of the financial year 2018, the Common Collective Component results from a composite 129% achievement of EBIT (45%), Free Cash Flow (45%) and RoCE (10%) objectives.

PERFORMANCE ACHIEVEMENT – COMMON COLLECTIVE COMPONENT 2018

99%

EBIT

= 129%

156%

FCF

146%

RoCE

Minimum Achievement

Maximum Achievement

148

Airbus / Registration Document 2018