Lendlease Group · ASX:LLC
Lendlease — Investor Presentation (October 2021)
15 slides from Lendlease's investor presentation, Oct 18, 2021
Slide 1: Lendlease Stakeholder Engagement Presentation
18 October 2021 Lendlease Stakeholder Engagement Presentation Attached is a presentation to be referred to during engagement meetings in October and November 2021 between Lendlease Chairman, Michael Ullmer AO, Lendlease Chairman of the People & Culture Committee, Elizabeth Proust AO, and key stakeho
Slide 2: Stakeholder Engagement
Sydney: Artist’s impression of One Sydney Harbour – on Gadigal Country Stakeholder Engagement Michael Ullmer, AO Chairman, Lendlease Group Elizabeth Proust, AO Chairman, People & Culture Committee October & November 2021
Slide 3: Board Focus Areas in FY21
Stakeholder Engagement 2 Board Focus Areas in FY21 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 • Internal and External appointments: • External: Chief Financial Office
Slide 4: Health and Safety
Stakeholder Stakeholder Engagement Engagement 3 Health and Safety Our highest priority • Improving our performance and eliminating incident and injury has been at the forefront We are deeply saddened to report that two fatalities occurred in FY21: of our strategy and operating philosophy. Curtin Uni
Slide 5: FY21 Business Performance and Review
Stakeholder Engagement 4 FY21 Business Performance and Review Financial performance: reflects COVID-19 impacts across the Group and additional provisioning in the Non core segment $377m $222m Strong COVID Impacts6 Core operating1 Profit after Tax Statutory Profit after Tax Financial position Develop
Slide 6: Our Strategy and Priorities | Reaffirmed
Stakeholder Engagement 5 Our Strategy and Priorities | Reaffirmed Employ our placemaking expertise and integrated business model in global gateway cities to deliver urbanisation projects and investments that generate social, environmental and economic value. Leverage Accelerate Scale Best practice L
Slide 7: People and Culture
Stakeholder Engagement 6 People and Culture 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 internal successor for the
Slide 8: FY21 Remuneration Snapshot
Investor Engagement 7 Stakeholder Engagement 7 FY21 Remuneration Snapshot Anthony Lombardo and Stephen McCann effected a FY21 reward outcomes reflect our performance and environment successful transition of leadership Nil STA 30% 33% 21% awarded to of Maximum STA Nil LTA reduction reduction former G
Slide 9: Changes to CEO remuneration & Strike Response
Stakeholder Engagement 8 Changes to CEO remuneration & Strike Response 76% of Total Maximum Remuneration is performance based 59% of Total Maximum Remuneration is delivered in equity 10,000 9,550 8,000 Total Maximum Remuneration Total Target Remuneration (A$000) 7,100 9,000 21% reduction 7,000 24% r
Slide 10: FY21 Remuneration Outcomes
Stakeholder Engagement 9 FY21 Remuneration Outcomes FY21 reward outcomes reflect our performance and environment LTI / LTA outcomes and securityholder experience The Board’s initial assessment of FY21 CEO STA scorecard performance has been The following chart shows LTI / LTA outcomes for the former
Slide 11: Board and Committee Membership
Stakeholder Engagement 10 Board and Committee Membership Board structure and governance in FY21 • The Board is currently 87.5% independent while all committees are 100% independent. • Its membership represents an appropriate balance between Directors with experience and knowledge of the Company and
Slide 12: Board Skills Matrix
Stakeholder Engagement 11 Board Skills Matrix High calibre membership with an appropriate mix and diversity of skills and experience • The Directors have a mix of local and international experience and expertise, as well as specialised skills to assist with decision making to effectively govern and
Slide 13: Board Renewal and Succession Planning
Stakeholder Engagement 12 Board Renewal and Succession Planning Board members seeking re-election at the 2021 Annual General Meeting Board renewal – succession planning for Board roles is critical • The Directors have a range of local and international experience and expertise, as well as specialise
Slide 14: Environmental, Social and Governance
Stakeholder Engagement 13 Environmental, Social and Governance FY21 key achievements $47.3 million Published Launched Social value created Launched second Modern Slavery Founding signatory to Mission Zero Elevate RAP1 SteelZero Raising awareness of 18.9% Statement 2020 – 2023 Covering all operations
Slide 15: Progress on Sustainability Targets
Stakeholder Engagement 14 Progress on Sustainability Targets A community can’t thrive if the world around it doesn’t. 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
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