Lendlease Annual Report 2021

Purpose, value creation and global presence • Tokyo • Milan • New York • London Shanghai • Kuala Lumpur • Rome • • Boston Chicago • San Francisco • • Los Angeles Perth • Melbourne • • Sydney • Brisbane Beijing • • Singapore Globally and locally committed to creating resilient cities Lendlease’s urbanisation led strategy focuses on targeted major ‘gateway cities’ around the world. Our urbanisation led strategy focuses on 17 gateway cities around the world. These cities often contain sites well suited for regeneration, playing to the breadth of our skills. They are the locations where we believe we can deliver the most value. Our teams of locally based professionals combine their property expertise and capability with the scale of our global platform to provide a truly enterprise wide experience for our customers and stakeholders. Following the rapid growth in our pipeline in recent years, we now operate in 15 of these cities, of which 10 feature our major urbanisation projects. Americas • Lakeshore East, Chicago • 30 Van Ness, San Francisco • Southbank, Chicago • 1 Java, New York • San Francisco Bay Area project, San Francisco Europe • Euston Station, London • Silvertown Quays, London • Milano Santa Giulia • Milan Innovation District • Elephant Park, London • High Road West, London • Deptford Landings, London • Smithfield Birmingham • Thamesmead Waterfront, London • International Quarter London Asia • The Exchange TRX, Kuala Lumpur Australia • Victoria Cross, Sydney • Barangaroo South, Sydney • Melbourne Quarter • Brisbane Showgrounds • Sydney Place • Waterbank, Perth • Victoria Harbour, Melbourne Health and Safety Everyone has the right to go home safely. We remain committed to the health and safety of our people and all of those who interact with a Lendlease place. Financial A strong balance sheet and access to third party capital enables us to fund the execution of our pipeline and deliver quality earnings for our securityholders. Our Customers Our customers love the places we create when we partner effectively, collaborate and innovate. Only through these actions can we respond to a changing world. Our People Our people are the greatest contributors to our success and enable us to fulfil our purpose. Together we create value through places where communities thrive. Sustainability Sustainability is core to our planning and clear in our outcomes. We have a proud history of emphasising environmental, social and economic impacts. Our focus areas We have five focus areas that create long term value. They underpin our ability to create safe, resilient, economic and sustainable outcomes. Our success is measured by the value we create in these five focus areas and can be found throughout this report. Together we create value through places where communities thrive Our purpose is focused on forming vibrant and enduring communities which contribute to a more liveable and sustainable future. We have a proud legacy of creating great places in select global cities. Decades of experience in transforming urban precincts has generated lasting economic, social and environmental benefits. The positive actions we take are driven from an understanding that every decision we make has an impact and must be done in collaboration. We embrace a holistic approach, working in partnership with communities, governments and investors to help solve some of the challenges confronting people, cities and the planet. Our contribution is measured by the value created through safer, more sustainable and profitable outcomes. London: Elephant Park Our purpose Our major urbanisation pipeline 1 1. Projects with an estimated end development value of more than $1 billion. 15 A sense of place 14 Lendlease Annual Report 2021 Our Business