Lendlease Annual Report 2022

Governance 99 Other Statutory Disclosures FY22 Executive Statutory Remuneration A$’000 1 Short term benefits Post- employment benefits Security Based Payments 2 Name Year Cash salary 3 STA cash 4 Non monetary benefits 5 Super- annuation 6 Other long term benefits 7 Sub- Total LTI/LTA Deferred STI Termi- nation benefits Total Current Executives Anthony Lombardo 2022 1,867 600 156 29 29 2,681 1,109 39 - 3,829 2021 1,294 244 362 5 29 1,934 334 116 - 2,384 Dale Connor 2022 1,181 507 5 29 19 1,740 986 43 - 2,769 Simon Dixon 8 2022 732 319 26 18 12 1,109 307 160 - 1,576 Justin Gabbani 2022 814 346 74 - - 1,234 282 188 - 1,704 2021 67 10 4 - - 81 9 23 - 113 Denis Hickey 2022 1,533 588 247 - - 2,368 2,058 63 - 4,489 2021 1,434 368 197 - - 1,999 359 190 - 2,548 Frank Krile 2022 976 340 - 26 16 1,358 271 253 - 1,882 2021 542 94 16 14 7 673 74 223 - 970 Neil Martin 2022 1,334 500 38 - - 1,872 822 111 - 2,805 2021 1,283 164 25 - - 1,472 532 317 - 2,321 Former Executives Stephen McCann 9,10 2021 1,941 0 58 25 33 2,057 5,733 420 1,900 10,110 Johannes Dekker 11 2021 1,170 150 279 9 20 1,628 1,662 101 - 3,391 Tarun Gupta 12 2021 1,040 n/a 80 20 18 1,158 (1,476) - - (318) Kylie Rampa 13 2021 1,154 125 27 22 19 1,347 376 94 - 1,817 David Andrew Wilson 14,10 2021 1,199 175 71 22 - 1,467 3,890 175 - 5,532 Total 2022 8,438 3,200 546 102 77 12,363 5,835 856 - 19,055 2021 11,124 1,330 1,119 117 126 13,816 11,493 1,659 1,900 28,868 1. 2022 remuneration is reported in AUD based on the 12 month average historic foreign exchange rates for FY22 (rounded to two decimal places): SGD 0.98 (applied to Justin Gabbani), USD 0.72 (applied to Denis Hickey) and GBP 0.55 (applied to Neil Martin). 2021 remuneration is reported in AUD based on the 12 month average historic foreign exchange rates for FY21 (rounded to two decimal places): SGD 1.00 (applied to Justin Gabbani), USD 0.75 (applied to Denis Hickey) and GBP 0.55 (applied to Neil Martin). 2. Security based payments reflect the accounting expense on a fair value basis. For all Executives other than Neil Martin, security based payments are issued as indeterminate rights and performance rights. For Neil Martin, Deferred STI (including his Executive Deferred Award) is issued as securities. LTI/LTA includes the accounting expense for the RSA. For Denis Hickey, this also includes the accounting expense for his bespoke incentive award relating to the successful delivery of GDV over the next three years. 3. Includes the payment of cash allowances such as motor vehicle allowance and the value of the distriibution amounts paid as cash on the RSA. For Neil Martin this also includes cash allowances paid in lieu of pension contributions. 4. Reflects 50 per cent of the FY22 STA that is paid as cash in September 2022. 5. Non monetary benefits may include items such as car parking, relocation and expatriate benefits (such as house rental, health insurance, shipping of goods and tax return preparation), motor vehicle costs, travel benefits and annual leave. 6. Superannuation includes the value of insurance premiums funded by Lendlease for Australian Executives who are members of the Lendlease default superannuation fund. 7. Other Long Term Benefits represents the accrual of long term leave entitlements (e.g. long service leave). 8. Simon Dixon was appointed to the Group Chief Financial Officer role on 1 October 2021 and remuneration reflects time as a KMP. 9. Stephen McCann retired from the Group CEO role on 31 May 2021 and remuneration reflects time as a KMP. 10.As a ‘Good Leaver’, unvested LTI, LTA and Deferred STI awards remain on foot and subject to the original vesting conditions. The security based payment accounting expense for FY21 therefore includes up to three years of each unvested award expense that has been accelerated and disclosed in total for FY21, including those amounts which would otherwise have been included in future year disclosures. All unvested equity awards that remain on foot following retirement are still subject to the original performance conditions and will be tested at the relevant testing date. Depending on performance, these awards may have nil value. To the extent these awards do not vest when tested, the accounting expense that has been previously booked will be reversed. 11. Johannes Dekker ceased as a KMP on 30 June 2021 and remuneration reflects time as a KMP. 12.Tarun Gupta resigned effective 29 November 2020 and remuneration reflects time as a KMP. All unvested equity awards were forfeited upon resignation. Additionally, Tarun was not eligible for an STA award in FY21. 13.Kylie Rampa ceased as a KMP on 30 June 2021 and remuneration reflects time as a KMP. 14.David Andrew Wilson ceased as a KMP on 30 June 2021 and remuneration reflects time as a KMP.