CCA boss pay package worth $4.5m

Coca-Cola Amatil managing director Alison Watkins' total pay package was worth $4.5 million in 2015.

Ms Watkins, who took charge of the beverage giant in March 2014, received a salary of about $2.3 million in 2015.

Ms Watkins' total remuneration was boosted by performance-related short-term incentives of about $1.6 million and long-term incentives of $695,000.

Fifty per cent of her pay was performance-related.

Excluding the value of the deferred component of the short-term incentive payments and the value of the long-term incentive payments that have not vested or may not vest, Ms Watkins' total take-home pay came to $3.38 million.

Coca-Coal Amatil's annual net profit rose under Ms Watkins to $393.4 million in the 2015 calendar year, up 44.6 per cent from $272.1 million in 2014.

Underlying net profit was up by 4.8 per cent.

The group arrested an earnings slide in its core Australian beverages division after two years of sharp falls, but the group is still facing challenging economic conditions in its Indonesian business.

The group also reduced its net debt by $725 million to $1.1 billon.

The total dividend paid to shareholders in 2015 was 43.5 cents, up from 42 cents in the prior year.

Ms Watkins has said she is confident that Coca-Cola Amatil will return to sustainable mid-single-digit growth in earnings per share over the next few years.

At Coca-Cola Amatil's upcoming annual general meeting in May, shareholders will consider offering Ms Watkins rights to acquire a maximum of about 391,000 shares worth $3.5 million under the group's 2016-18 long-term incentive plan.

Shareholders will also be asked to lift the maximum annual amount that directors in aggregate can be paid to $2.8 million, from $2.3 million.

The last increase in the pool of directors' fees was approved by shareholders in May 2011. Since then, the number of non-executive directors has increased from eight to nine.

Shares in Coca-Cola Amatil closed 16 cents higher at $8.63.