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The performance of Rosseti Centre is estimated on the basis of key performance indicators, the structure and planned values of which are approved annually by the Board of Directors of the Company. General Director of Rosseti Centre provides the Board of Directors a report on the achievement of planned values of key performance indicators (hereinafter — KPI) at the end of each year.
Key performance indicators also form the basis of material incentives for General Director and senior management of the Company. General Director and senior managers are rewarded by the results of the implementation of KPIs, depending on the degree of KPIs execution for a reporting period (a year).
|
KPI name |
Target values2 |
Implementation3 |
|
Annual KPI |
||
|
Total shareholder return |
≥ the arithmetic mean amount of funds allocated for the payment of dividends in accordance with the decisions of the general meetings of shareholders of the Company for 3 years preceding the reporting period and ≥ the amount of funds provided for the payment of dividends in the reporting period, in accordance with the business plan of the Company |
V |
|
Return on invested capital |
≥ 95,0% |
V |
|
Operating profit (EBITDA) |
complete |
V |
|
Reduction of unit operating expenses (costs) |
≥ 2,0% |
V |
|
Level of electric energy losses |
≤ 9,43% |
V |
|
Workforce productivity |
≥ 5,00% |
V |
|
Innovation activity efficiency |
≥ 90% |
not assessed4 |
|
Decrease in accounts receivable |
≤ 100% |
V |
|
Compliance with the timing of grid connection |
≤ the actual value of the indicator for the previous year multiplied by 0,85, but not less than the value of 1,1 |
V |
|
Debt/EBITDA |
complete |
V |
|
Implementation of a facility commissioning schedule |
≥ 90% |
V |
|
Ready to work during the heating season |
Concurrently: 1) ≥ 0,95 2) Failure to achieve the established value of the specialized indicator “The presence of unfulfilled readiness conditions by the subject of the electric power industry” |
V |
|
Implementation of the Company’s Development Plan |
not set |
not assessed5 |
|
Achieving the level of reliability of services provided |
Concurrently: 1) Ki ≤ 1 2) No significant deterioration in the indicators established by the tariff regulation authorities 3) No growth of major accidents |
V |
|
No accidents in production |
Concurrently: 1) No more than two victims 2) 0 |
not implemented |
[1] Approved by the resolution of the Board of Directors of IDGC of Centre, PJSC dated 12.10.2020 (Minutes # 46/20 of 13.10.2020).
[2] Approved by the resolution of the Board of Directors of IDGC of Centre, PJSC dated 30.12.2020 (Minutes # 65/20 of 30.12.2020).
[3] Approved by the decision of the Board of Directors of Rosseti Centre, PJSC on 07.08.2022 (Minutes # 42/22 of 07.08.2022).
[4] Summing up the implementation of the KPI “Efficiency of Innovative Activity” for 2021 to be carried out by a separate decision of the Board of Directors of Rosseti Centre, PJSC based on the results of an assessment conducted by the collegial body of the Rosseti Group of Companies on the implementation and control over the execution of the Innovative Development Program of PJSC Rosseti and SDCs of PJSC Rosseti for 2021 in accordance with the Methodology for calculating and assessing the achievement of KPIs by General Director of IDGC of Centre, PJSC, approved by the decision of the Board of Directors dated 12.10.2020 (Minutes # 46/20 of 13.10.2020).
[5] The target value and assessment of the implementation of the KPI “Implementation of the Company’s Development Plan” for 2021 is not set and not assessed due to the absence of the Company’s Development Plan in 2021.