for the year ended 30 June 2024 FINANCIAL REPORT REMUNERATION REPORT (AUDITED) 48 Westgold Resources Limited Annual Report 2024 6. PERFORMANCE AND EXECUTIVE REMUNERATION OUTCOMES IN FY24 6.1 Overview of Company performance over the past five years The Company aims to align its executive remuneration to its strategic and business objectives and the creation of shareholder wealth. The table below shows measures of the Group’s financial performance over the past five years as required by the Corporations Act 2001. 30 June 20 30 June 21 30 June 22 30 June 23 30 June 24 Closing share price $2.09 $1.88 $1.19 $1.44 $2.42 Profit/(loss) per share (cents) 8.65 18.16 (25.32) 2.11 20.11 Net tangible assets per share1 $1.24 $1.43 $1.24 $1.26 $1.46 Dividend per shares (cents)2 – 2 – – 2.25 1 Net tangible assets per share include right of use assets and lease liabilities. 2 FY24 cash dividend of 2.25 cents per share comprising the final dividend for FY24 of 1.25 cents per share fully franked declared on 4 July 2024 to be paid 21 October 2024 and the interim dividend for FY24 of 1 cent per share unfranked declared in 29 February 2024 and paid on 12 April 2024. 6.2 STI outcomes During the financial year a combination of financial and non-financial KPI were used to measure performance for STI rewards. Following the assessment of these KPIs, the Board approved an STI outcome of between 62.5% to 75% for the KMP. The following table outlines the achievement against set KPIs. KPI Weighting Achieved Weighted Outcome Commentary for FY24 Environmental, Health & Safety Performance, assessed via Total Recordable Injury Frequency Rate (TRIFR) and environmental management performance targets 20% 100% 20% TRIFR of 6.84 improved by 18.28% from Actual FY23 TRIFR of 8.37. Score awarded of 100%. 5% 100% 5% Exceptional environmental management performance with no significant incidents. Score awarded of 100%. Cost management assessed via All In Costs (AIC) relative to target 25% 50% 12.5% All-in Costs were above Target by 1.4% with the underperformance of Paddy’s Flat. Score awarded of 50%. Gold Production relative to target 25% 0% 0% Gold Production below Target with the underperformance of Paddy’s Flat and inclement weather events. Score awarded of 0%. Personal performance in relation to execution of business plans 25% 100% to 150% 25% to 37.5% Individual personal performance scores varied between target performance and stretch performance. Note that stretch component for personal performance can have a payout of up to 150%. Total 100% 62.5% to 75%
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