Lendlease Annual Report 2021

FY21 snapshot Sydney: Waterman’s Cove, Barangaroo South on Gadigal Country $14.5 billion work in progress Mission Zero campaign raising awareness of our carbon targets Strategic divestments including sale of Engineering, Services1 and US Telecommunications and Energy businesses $3.7 billion development of luxury apartments in joint ventures at One Sydney Harbour $3.8 billion production including Melbourne Quarter; Elephant Park, London; 845 West Madison, Chicago. Below medium term target of more than $8 billion per annum. Strong financial position – gearing 5% $377 million core operating profit after tax 10% increase in funds under management $222 million statutory profit after tax $8.4 billion additions to pipeline Record low critical incident frequency rate, sadly two fatalities Artist’s impression Artist’s impression 1. Conditional sales agreement signed on 21 July 2021. Lendlease Annual Report 2021 A Year in Review 11 A sense of place 10