AIA – FY25 Annual Report correction

01
Chief executive remuneration
CE remuneration summary
A summary of the remuneration received in each of the prior five financial years by the CE is provided in the table below.
Financial
year
Chief
executive
Base
salary
Benefits
1
Fixed
remuneration
subtotal
STI
earned
STI
earned as
a % of
maximum
award
LTI
vested
Subtotal
Total
remuneration
FY25Carrie
H
urihanganui
$1,390,574$74,0571,464,631$698,76472%$0$698,764$2,163,395
FY24Carrie
H
urihanganui
$1,254,000$70,230$1,324,230$614,46070%Not
eligible
2
$614,460$1,938,690
FY23Carrie
H
urihanganui
$1,200,000$56,166$1,256,166$669,00080%Not
eligible
$669,000$1,925,166
FY22Carrie
H
urihanganui
3
$481,529$19,147$500,676$272,21981%Not
eligible
4
$272,219$772,875
FY22Adrian
Little
wood
5
$598,561$43,291$641,852$329,93879%$351,836$681,774$1,323,626
1 Includes a Kiwisaver contribution of 3%, insurance and other statutory benefits.
2 The Chief Executive participated in FY22, FY23 and FY24 long-term incentive grants, which will be eligible to vest in the three year period following each grant.
3 Carrie Hurihanganui, commenced her role in February 2022. The disclosure for the 2022 financial year relates to the remuneration paid between 8 February
2022 and 30 June
2022.
4 The Chief Executive received a pro-rata allocation under the FY22 long-term incentive plan.
5 Adrian Littlewood resigned from his role on 12 November 2021, and the disclosure for the 2022 financial year relates to the remuneration paid between 1 July
2021 and 12 November
2021.
Short-term incentives
The annual value of the short-term incentive scheme for the Chief Executive is set at 50% of their base salary (provided all
perf
ormance targets are achieved). If performance is unsatisfactory in a category, then no short-term incentive is payable for that
criterion. A maximum of 1.4 x the target (i.e. 70% of base salary) is payable for outstanding performance by the Chief Executive.
The criteria used to measure the Chief Executive's individual performance is based on meeting certain targets focused on delivery
against financial performance, delivery of the infrastructure and commercial programme, sustainability, risk management and
culture. The 50% company component of the Chief Executive’s FY25 STI scheme is based on meeting targets focused on delivery
against financial performance and customer satisfaction, safety controls and corporate reputation.
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01
FY25 STI scorecard
1
Purpose (EBITDAFI)50%90%45%
People (customer satisfaction, safety
controls, corporate reputation)
50%100%50%
Company component (50%)
106%
Financial (EBITDAFI, regulatory,
underlying NPAT, capital management)
40%100%40%
Infrastructure & commercial
programme delivery
30%100%30%
People & culture15%140%21%
Sustainability & risk management15%100%15%
Chief Executive KPIs (50%)
95%
Total Chief Executive Oicer short-term incentive outcome
(as a % of on-target performance)
Ou tcome
Weighted
ou tcomeMeasure
Weighting
Thr esh old
60%
Maximum
140%
On-target
100%
Performance range
$698,764
(100.5%)
Long-term incentives
The Chief Executive participated in the Auckland Airport long-term incentive plan in the 2025 financial year. Vesting for grants
eligible in this period will be ev
aluated in the 2028 financial year.
The Chief Executive was a participant in the FY22 Long-Term Incentives grant, the shares did not vest under the scheme and
therefore is not reflected in the chart below.
0.0
0.5
1.0
1.5
2.0
2.5
MaximumOn-planFixed
$ millions
Chief Executive’s remuneration performance pay
Base salary & benefits
Annual variable
LTI vested
Directors – Tania Simpson, Liz Savage, Mark Cairns, Christine Spring, Patrick Strange (retired),
Julia Hoare, Mark Binns, Dean Hamilton, Grant Devonport.
Shares
The Chief Executive held 18,974 shares personally in the company as at 30 June 2025.
Chief executive and employee pay gap
The pay gap represents the number of times greater the Chief Executive’s remuneration is that the remuneration of the median of
an employ
ee.
As at the balance data, the Chief Executive’s base salary of $1,390,574 was 12.8 times the median employee salary of $108,250. The
Chief Executives Total Remuneration, including STI earned and LTI Vested, of $2,163,395 was 20 times the median employee salary.
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