Lendlease Annual Report 2021

Rank Name Units % of Units 1 HSBC Custody Nominees (Australia) Limited 225,463,978 32.74 2 J P Morgan Nominees Australia Pty Limited 109,668,562 15.93 3 Citicorp Nominees Pty Limited 63,644,331 9.24 4 National Nominees Limited 33,782,908 4.91 5 BNP Paribas Nominees Pty Ltd <Agency Lending DRP A/C> 15,288,088 2.22 6 BNP Paribas Noms Pty Ltd <DRP> 14,692,697 2.13 7 LL Employee Holdings Custodian Pty Limited <Castle Account A/C> 14,075,522 2.04 8 LL Employee Holdings Custodian Pty Limited <ESAP STI A/C> 5,971,381 0.87 9 Argo Investments Limited 4,980,092 0.72 10 BNP Paribas Nominees Pty Ltd SIX SIS Ltd <DRP A/C> 4,550,035 0.66 11 HSBC Custody Nominees (Australia) Limited <NT-Comnwlth Super Corp A/C> 3,910,944 0.57 12 Netwealth Investments Limited <Wrap Services A/C> 3,632,648 0.53 13 BNP Paribas Nominees Pty Ltd Hub24 Custodial Serv Ltd <DRP A/C> 3,189,236 0.46 14 HSBC Custody Nominees (Australia) Limited-GSCO ECA 2,838,789 0.41 15 Custodial Services Limited <Beneficiaries Holding A/C> 2,625,928 0.38 16 Citicorp Nominees Pty Limited <Colonial First State INV A/C> 1,996,186 0.29 17 BNP Paribas Nominees Pty Ltd ACF Clearstream 1,827,040 0.27 18 Avanteos Investments Limited <Encircle Ima A/C> 1,366,981 0.20 19 Sandhurst Trustees Ltd <Harper Bernays Ltd A/C> 1,186,020 0.17 20 LL Employee Holdings Custodian Pty Limited <ESAP Account> 981,946 0.14 Total Top 20 holders of fully paid ordinary shares 515,673,312 74.89 Total Remaining Holders Balance 172,912,239 25.11 Substantial securityholders as shown in the Company’s Register at 1 August 2021 Name Date of Last Notice Received No. of Units % of Issued Capital1 State Street Corporation 23/06/2021 34,998,869 5.08 BlackRock Group 08/01/2020 34,049,935 6.03 The Vanguard Group 29/4/2019 33,903,122 6.01 Glossary Co-investment: The total market value of Lendlease equity invested across Lendlease managed funds as at period end. Represents the Group’s assessment of the market value. Construction backlog realisation: The proportion of Construction backlog revenue which is expected to be earned across future years. Construction backlog revenue: Current year Construction backlog revenue is the total revenue to be earned across future periods. Critical incident: An event that had the potential to have caused death or permanent disability. Development pipeline: Estimated remaining end value of all of the Group’s secured development projects based on values as at period end; includes 100 per cent of joint venture projects and therefore will not necessarily correlate with the Group’s Profit after Tax. Distribution payout ratio: Distribution divided by Profit after Tax. Distribution per security: Amount of interim and final distribution per stapled security from the Company/Trust. Earnings per security: Profit after Tax divided by the weighted average number of securities on issue during the year (including treasury securities) unless otherwise stated. EBITDA: Earnings Before Interest, Tax, Depreciation and Amortisation. Effective tax rate: Income tax expense as a percentage of Profit before Tax. Face value of a security: The value of a Lendlease security at the applicable time. Funds under management (FUM): The total market value of investments across Lendlease managed funds. Gearing: Net debt to total tangible assets less cash. Global Minimum Requirements (GMRs): GMRs are Lendlease’s minimum environment, health and safety standards designed to control the risks across our operations. Good leaver: A senior executive who is leaving Lendlease for a reason such as retirement, redundancy, or resignation where the senior executive is not joining a competitor, and who may remain eligible for part or all of an incentive opportunity. Green Star rating: Green Star is a national voluntary environmental rating system used by the Green Building Council of Australia to evaluate the environmental design and achievements of buildings. Investments: Includes equity invested in Lendlease managed funds and direct investment in property and property related assets. Represents the Group’s assessment of market value. Investments performance: The performance of our Investments business which includes our funds under management, assets under management, co-invested equity in Lendlease managed funds and direct investment in property and property related assets. Key Management Personnel (KMP): Those executives who have the authority and responsibility for planning, directing and controlling the activities of the Group directly or indirectly (as per Accounting Standard AASB 124 Related Party Disclosures). KPIs: Key Performance Indicators. Long Term Incentive (LTI)/Long Term Award (LTA): An incentive scheme which provides Lendlease equity (or cash, in some circumstances) to participating executives that may vest, in whole or part, if specified performance measures are met over a three or four year period. Lost Time Injury Frequency Rate (LTIFR): An indicator and industry standard measuring a workplace injury which prevents a worker from returning to duties the next day. LTIFR refers to the number of lost time injuries within a year, relative to the total number of hours worked in the financial year. Market capitalisation: The number of securities on issue multiplied by the security price at year end. Net debt: Borrowings, including certain other financial liabilities, less cash. New work secured revenue: Estimated revenue to be earned from construction contracts secured during the period. New work is secured and forms part of Construction backlog revenue when formal contracts are signed. People and Culture Committee: The Board subcommittee that helps the Board fulfil its responsibilities in people management and reward policies. It is made up entirely of independent Non Executive Directors. Profit after Tax (PAT): Profit after Tax attributable to securityholders, determined in accordance with Australian Accounting Standards. Public Private Partnerships (PPP): A joint procurement arrangement for infrastructure development contracts between the public and private sectors. Residential for rent: Residential apartments, typically in the form of an entire building, that are made available for rent as separate dwellings. Lendlease and its investment partners maintain ownership of these apartments. Return on Equity (ROE): ROE is calculated using annual Statutory Profit after Tax attributable to securityholders divided by the arithmetic average of beginning, half year and year end securityholders’ equity. Securityholders: An individual or entity that owns Lendlease securities. Senior executive: Employees who hold a position at executive level according to the Lendlease Career Job Framework. This generally includes Regional Business Unit Heads, Regional Function Heads and in some cases, direct reports to Group Function Heads. Settlements (units): Apartments – cash settled in the period on completed units in Australia, Europe and Americas, and units which have reached practical completion in Asia; Communities and Retirement – units settled in the period on completed land lots or units; Commercial – buildings that have achieved practical completion during the period. Short Term Incentive (STI)/Short Term Award (STA): Incentives awarded with direct reference to financial and non financial performance over a one year period. Measures are designed to focus individuals on priority areas for the current financial year. Total Package Value (TPV): Salary plus the value of salary package items such as motor vehicles and parking and compulsory superannuation contributions paid on behalf of an employee. Total Shareholder Return/Total Securityholder Return (TSR): The movement in a company’s share/security price, dividend yield and any return of capital over a specific period. It is often expressed as a percentage. Urbanisation pipeline: Estimated remaining end value of all of the Group’s secured development projects (excluding Communities projects and Retirement projects) based on values as at period end; includes 100 per cent of joint venture projects and therefore will not necessarily correlate with the Group’s Profit after Tax. Weighted average number of securities: The time weighted number of securities outstanding during the period. 1. As at the date of last notice received. Securityholder information continued 205 A sense of place 204 Lendlease Annual Report 2021 Other Information