C ompan y C urr enc y C umula tiv e underlying EBITD A m C umula tiv e R e v enue m EBITD A M ar gin Rank P er c en tile C or e L abor a t ories USD 394 1943 2026 1 1000 SGS CHF 1632 8137 2006 2 875 In t er t ek GBP 3752 19040 1971 3 750 E xo v a GBP 6 5 329 1963 4 625 ALS AU D 889 4533 1961 5 500 Bur e au V erit as EUR 2615 14034 1863 6 375 Eur o fns EUR 1652 9289 1779 7 250 Applus EUR 593 4846 1224 8 125 Mis tr as USD 242 2567 944 9 95 T able 8 T o t al Shar eholder R e turn T SR T SR me asur es the gr o w th o v er the per f ormanc e period in the pric e o f shar es plus dividends no tional ly r ein v es t ed in shar es In or der f or the T SR Hur d le Righ ts t o v es t under the T SR per f ormanc e hur d le ALS T SR f or the P er f ormanc e P eriod mus t be a t the 50 th per c en tile or higher agains t the T SRs o f the nomina t ed c ompar a t or c ompanies f or the s ame period T he C ompan y s per f ormanc e o v er the thr ee y e ar period t o M ar ch 2019 r ela tiv e t o the A SX100 c ompar a t or gr oup w as a t the 879 th per c en tile T her e f or e al l the righ ts subjec t t o the T SR hur d le 25 per c en t o f the t o t al number pos sible wil l v es t on 1 July 2019 R e turn on C apit al Emplo y ed R OCE T he R OCE hur d le pr o vides a use ful me asur e t o as ses s the C ompan y s suc c es s or o therwise in incr e asing its ne t w or th ie it needs t o gener a t e r e turns in e x c es s o f its c os t o f capit al in or der t o add t o its v alue In or der t o pr o vide an inc en tiv e f or superior per f ormanc e the r espec tiv e R OCE hur d les w er e se t a t 2 per c en t and 7 per c en t abo v e the pr e vious M ar ch w eigh t ed a v er age c os t o f capit al W A C C with s tr aigh t line v es ting in be tw een the lo w er and upper hur d les R OCE is calcula t ed as Underlying Earnings be f or e In t er es t and T a x EBIT o v er the thr ee y e ar per f ormanc e period divided b y C apit al Emplo y ed e xpr es sed as a per c en t age C apit al Emplo y ed is de fned as T o t al Shar eholders E quit y plus Ne t Deb t and is calcula t ed as the sum o f the simple a v er ages o f the balanc es a t the beginning and end o f e ach y e ar during the per f ormanc e period If ma t erial funding tr ans ac tions f or e xample signifcan t additional borr o wings equit y is suanc es or as se t impairmen ts oc cur such tha t the simple a v er age f or an y y e ar during the per f ormanc e period is no t r epr esen t a tiv e o f capit al ac tual ly emplo y ed the a v er age capit al emplo y ed f or the y e ar ma y be ad jus t ed f or the e f f ec t o f these tr ans ac tions T he ac tual R OCE f or the thr ee y e ar per f ormanc e period w as calcula t ed as 133 per c en t T his R OCE r esult w as within the hur d le r ange and caused a par tial 107 per c en t v es ting f or this hur d le T her e f or e per f ormanc e agains t the EPS EBITD A T SR and R OCE hur d les wil l r esult in v es ting o f 857 per c en t o f the t o t al a w ar d on 1 July 2019 34 ALS LIMITED AND IT S SUBSIDIARIES A NNU AL F INANCIAL R EPOR T F OR THE Y EAR E NDED 31 M AR CH 2019 F INANCIAL REPOR T D IRE CT ORS REPOR T R EM UNERA TION REPOR T L ong T erm Inc en tiv e P lan audit ed