Ann: Additional Information AGM October 2019, page-3

Return on Invested Capital over the period 1
July 2019 to 30 June 2022
Percentage of Base Remuneration
Less than 32% 0
32% 50%
32% to 37% 50% to 100% #
Greater than 37% 100%
# If the ROIC is between 32% and 37% the Percentage of Base Remuneration will be adjusted pro
rata between 50% and 100

Definitely suggests to me that we should see ROIC jump between 32-37% over the next couple of years. That must be their internal forecasts. Anything above 37% and the CEO would have done an exceptional job.