Commentary - Santos

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2012 Remuneration Report (continued) Table 11 outlines the LTI grants that were still in progress or were tested during 2012. Table 11: LTI grants to Senior Executives Grant year 1 Grant type Vesting condition(s) Performance/vesting period Status 2009 Performance Award Relative TSR performance against ASX 100 companies 1 January 2009 to 31 December 2011 Deferred Award Continuous service 2 March 2009 to 1 March 2012 2010 Performance Award Relative TSR performance against ASX 100 companies 1 January 2010 to 31 December 2012 Deferred Award Continuous service 2 March 2010 to 1 March 2013 2011 Performance Award Relative TSR performance against ASX 100 companies 1 January 2011 to 31 December 2013 Deferred Award Continuous service 2 March 2011 to 1 March 2014 2012 Performance Award Relative TSR performance against ASX 100 companies 1 January 2012 to 31 December 2014 1 Full details of all grants made prior to 2012 can be found in at note 30 to the Financial Statements and in prior Remuneration Reports. Testing completed. Resulted in 0% of the grant vesting on 15 February 2012. Vested in full to Senior Executives who met the continuous service condition. Testing completed. Resulted in 0% of the grant vesting on 20 February 2013. In progress. In progress. In progress. In progress. 72
Details of the fees and other benefits paid to non-executive Directors during 2012 are set out in Table 12 below. No share-based payments were made to any non-executive Directors. Table 12: 2011 and 2012 non-executive Director remuneration details Retirement Short-term benefits benefits Director Year Directors’ fees (incl. Committee Fees) 1 Fees for special duties or exertions Other Superannuation 1 Share-based payments Total $ $ $ $ $ $ KC Borda 2012 192,551 - - 16,123 - 208,674 2011 186,369 - - 15,487 - 201,856 PR Coates 2012 480,551 - - 16,123 - 496,674 2011 462,744 - - 15,487 - 478,231 KA Dean 2012 217,551 - - 16,123 - 233,674 2011 209,869 - - 15,487 - 225,356 RA Franklin 2012 204,299 - - 1,212 - 205,511 2011 184,119 - - 736 - 184,855 H Goh 2 2012 34,105 - - 134 - 34,239 2011 - - - - - - RM Harding 2012 215,518 - - 16,123 - 231,641 2011 221,869 - - 15,487 - 237,356 JS Hemstritch 2012 197,551 - - 16,123 - 213,674 2011 189,869 - - 15,487 - 205,356 GJW Martin 2012 205,551 - - 16,123 - 221,674 2011 193,369 - - 15,487 - 208,856 1 Includes superannuation guarantee payments. Superannuation guarantee payments are made to Mr Franklin and Mr Goh only in relation to days worked in Australia. 2 Mr Goh was appointed on 22 October 2012. <strong>Santos</strong> Annual Report 2012 73
Page 1 and 2:
Annual Report 2012 The energy to de
Page 3 and 4:
World of Santos Ref Location Site/A
Page 5 and 6:
Contents Overview 2 Operating and f
Page 7 and 8:
Operating cash flow $1,658 million
Page 9 and 10:
Review by Peter Coates and David Kn
Page 11 and 12:
Our vision and strategy Our vision
Page 13 and 14:
Production and sales Santos continu
Page 15 and 16:
RESERVES (SANTOS SHARE) mmboe Year-
Page 17 and 18:
NET PROFIT AFTER TAX $million AVAIL
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2012 key statistics GREENHOUSE GAS
Page 21 and 22:
Eastern Australia Positioned for gr
Page 23 and 24:
On board the Mutineer-Exeter FPSO,
Page 25 and 26: GLNG Construction well underway on
Page 27 and 28: Pipelay underway at the Dua oil pro
Page 29 and 30: Jane Sharman Hemstritch BSc (Hons),
Page 31 and 32: DAVID KNOX Chief Executive Officer
Page 33 and 34: Principle 4 - Safeguard integrity i
Page 35 and 36: DEFINING REQUIRED SKILLS AND EXPERI
Page 37 and 38: Internal Board Review process Imple
Page 39 and 40: 2.2 Indemnity, access to informatio
Page 41 and 42: Regular meetings held with auditors
Page 43 and 44: 4.3 Examples of business risks Exam
Page 45 and 46: 4.4 Independence of auditors and no
Page 47 and 48: The Company remains committed to at
Page 49 and 50: Organisation chart BOARD COMMITTEES
Page 51 and 52: As at 31 December 2003 2004 2005 20
Page 53 and 54: Directors’ Report The Directors p
Page 55 and 56: Principal Activities The principal
Page 57 and 58: Asia Pacific Asia Pacific Business
Page 59 and 60: Dividends On 22 February 2013, the
Page 61 and 62: Shares Issued on the Exercise of Op
Page 63 and 64: The Company believes that the addit
Page 65 and 66: Remuneration Governance People and
Page 67 and 68: Long-term Incentives (“LTI”) Th
Page 69 and 70: Long-term Incentives How much annua
Page 71 and 72: Senior Executive Remuneration Overv
Page 73 and 74: Table 7: Non-executive Directors’
Page 75: Table 9 contains details of the num
Page 79 and 80: Long-term incentives How are long-t
Page 81 and 82: Index A Announcements 173 Annual G
Page 83 and 84: Major announcements made in 2012 13
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Commentary - Santos

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