47153 AG Barr Annual Report 2025 AW4 SQ WEB - Flipbook - Page 106
A.G. BARR p.l.c. Annual Report and Accounts 2025
D I R E C TO R S ’
R E M U N E R ATI O N R E P O R T
CO N TI N U ED
Chief Executive Officer Pay Ratio
The table below sets out the ratio of the A.G. BARR p.l.c. Chief Executive Officer single total figure of remuneration for 2024/25 (as detailed on page 89)
as a ratio of the equivalent single figure for the lower quartile, median and upper quartile UK employee (calculated on a full-time equivalent basis).
Total pay ratio
Method
Year ended 25 January 2025*
B
25th percentile
Media percentile
75th percentile
44:1
36:1
26:1
Year ended 28 January 2024
Year ended 29 January 2023
B
62:1
50:1
35:1
B
56:1
45:1
32:1
Year ended 30 January 2022
B
42:1
34:1
23:1
Year ended 24 January 2021
B
25:1
21:1
16:1
*
The Chief Executive Officer single figure used to determine the pay ratios for the year ended 25 January 2025 is based on the sum of the total single figures of remuneration for Roger White and
Euan Sutherland.
The remuneration figures for the employee at each quartile were determined with reference to the financial year ended 25 January 2025.
Option B was used to calculate these figures. The Committee believes that this approach provides a fair representation of the Chief Executive Officer to
employee pay ratios and is appropriate in comparison to alternative methods, balancing the need for statistical accuracy with internal operational constraints.
Under this option, the latest available gender pay gap data (i.e. from April 2024) was used to identify the best equivalent for three Group UK employees
whose hourly rates of pay are at the 25th, 50th and 75th percentiles. A full time equivalent total pay and benefits figure for the 2024/25 financial year was
then calculated for each of those employees. The pay ratios outlined above were then calculated as the ratio of the Chief Executive Officer’s single figure
to the total pay and benefits of each of these employees.
Each employee’s total pay and benefits were calculated on a full time and full year equivalent basis, using the single figure methodology. No adjustments were
made to the total pay and benefits figures with the exception of the annual bonus, which was calculated using 2023/24 financial year bonuses (which were paid
in the year ended 25 January 2025) where the 2024/25 financial year data was not available at the last practical date before finalisation of this report.
The regulations require the total pay and benefits and the salary component of total pay and benefits to be set out as follows:
Chief Executive Officer remuneration
25th percentile employee
Base Salary
Total pay and
benefits
£616,650
£1,589,875
£31,118
£35,964
Median percentile employee
£38,883
£43,814
75th percentile employee
£60,385
£61,240
The Committee considers that the median Chief Executive Officer pay ratio is consistent with the relative roles and responsibilities of the Chief Executive Officer
and the identified employee. Due to the nature of his role, the Chief Executive Officer’s remuneration package has higher weighting on performance-related
pay (including the annual bonus and LTIP) compared to the majority of the workforce. This means the pay ratios are likely to fluctuate depending on the
outcomes of incentive plans in each year. The change in Chief Executive Officer during the year resulted in a lower Chief Executive Office total single figure
for 2024/25 and there has been an increase in the salary and total pay and benefits for the quartile employees. Overall, this has resulted in a reduction to
the Chief Executive Officer pay ratios for 2024/25.
104
