Lendlease Group · ASX:LLC
Lendlease — Investor Presentation (June 2021)
18 slides from Lendlease's investor presentation, Jun 8, 2021
Slide 1: Lendlease Chairman Investor Engagement Presentation
8 June 2021 Lendlease Chairman Investor Engagement Presentation For personal use only Attached is a presentation to be referred to during engagement meetings in June 2021 between Lendlease Chairman, Michael Ullmer AO and key investors. FOR FURTHER INFORMATION, PLEASE CONTACT: Investors: Media: Justi
Slide 2: Investor Engagement
Sydney: Artist’s impression of One Sydney Harbour – on Gadigal Country Investor For personal use only Engagement Michael Ullmer, AO Chairman, Lendlease Group June 2021
Slide 3: Board commitment to securityholders
Investor Engagement 2 Board commitment to securityholders For personal use only Respect for securityholders Stewardship Transparency Engagement The Board is • The Board governs the Group for the • Committed to open communication • Value open engagement with market long term interests of securityhold
Slide 4: Board Focus Areas in FY21
Investor Engagement 3 Board Focus Areas in FY21 For personal use only CEO succession, leadership changes and Group strategy • Orderly three month transition to the new Chief Executive Officer, Tony Lombardo who officially commenced on 1 June 2021 • External appointments – Chief Financial Officer, Si
Slide 5: Together we create value through places where communities thrive
For personal use only Investor Engagement 4 Together we create value through places where communities thrive Our strategy Employ our placemaking expertise and integrated business model in global gateway cities to deliver urbanisation projects and investments that generate social, environmental and e
Slide 6: Strategy highlights
Investor Engagement 5 Strategy highlights 1 For personal use only Leverage Increased Accelerate Scale competitive edge focus development Investments Global placemaking Prioritise capital and people $8+ billion of production p.a. $50+ billion FUM opportunity from resources to Development uplift >80%
Slide 7: People and Culture Committee
Investor Engagement 6 Responsibilities Meetings and composition People and People & Culture Strategy The Committee For personal use only Culture • Oversight of the alignment of the people strategies with Group strategy • Review results of and actions arising from the employee engagement survey • Mee
Slide 8: People and culture
Investor Engagement 7 People and culture For personal use only Key Areas of Focus for the Board and the Committee during FY21 Wellbeing Human Capital Management Talent and Succession Diversity and Inclusion Hardship & Wellbeing Fund established Development of an updated human Selection of an interna
Slide 9: Changes to CEO remuneration
Investor Engagement 8 Changes to CEO remuneration 76% of Total Maximum Remuneration is performance based 59% of Total Maximum Remuneration is delivered in equity For personal use only 10,000 9,550 8,000 Total Maximum Remuneration Total Target Remuneration (A$000) 7,100 9,000 21% reduction 7,000 24%
Slide 10: Sustainability Committee
Investor Engagement 9 Responsibilities Meetings and composition Sustainability Health, Safety and Wellbeing The Committee For personal use only Committee • Assessment, review and monitoring of the Group’s: − Health and Safety framework • Meets quarterly prior to Board meetings and at additional time
Slide 11: Health and Safety
Investor Engagement 10 Health and Safety For personal use only Our No.1 priority Improving our performance and eliminating incident and injury has been at the forefront of our strategy and operating philosophy. Every day, tens of thousands A strong safety culture has always been embedded within the
Slide 12: Sustainability
Investor Engagement 11 Sustainability A community can’t thrive if the world around it doesn’t. For personal use only At Lendlease, we take our responsibility to the planet New sustainability targets and its people seriously. In August 2020 we launched two bold sustainability targets aligned to our S
Slide 13: Nomination Committee
Investor Engagement 12 Responsibilities Meetings and composition Nomination • Board structure: The Committee For personal use only Committee − Size and composition − Mix of expertise, skills, experience • Meets as required but generally at every scheduled Board meeting − Perspectives desirable to as
Slide 14: Nominations
Investor Engagement 13 Nominations Committee For personal use only Re-elections Board Composition and Renewal • Board members seeking re-election at the 2021 Annual General Meeting Board renewal – succession planning for Board roles considered critical: • The Directors have a range of local and inte
Slide 15: Risk Committee
Investor Engagement 14 Responsibilities Meetings and composition Risk Risk policy The Committee For personal use only Committee • Oversee, review and monitor adherence to risk related policies including: − Risk strategy and risk appetite statement • Meets prior to every Board Meeting • Is supported
Slide 16: Risk governance and management
Investor Engagement 15 Risk Committee For personal use only Risk governance and management • Following the Risk Committee’s approval of the Risk Appetite Framework in August 2020 and its subsequent implementation, the Board’s level Risk Management is a key of oversight across the business has been e
Slide 17: Audit Committee
Investor Engagement 16 Responsibilities Meetings and composition Audit External Audit The Committee For personal use only Committee • Review the scope, quality and effectiveness of the audit and audit fees • Independent resolution of issues arising from audit reports • Meets quarterly prior to Board
Slide 18: Audit: Investment partners a key element of the integrated business model
Investor Engagement 17 Audit Committee For personal use only Investment partners a key element of the integrated business model Core strategy of urbanisation has resulted in significant growth in the development pipeline along with investment partner initiatives. Strong internal controls and Formal