Lendlease Annual Report 2024

Financial Statements 111 3. Earnings Per Share/Stapled Security (EPS/EPSS) Accounting Policies The Group presents basic and diluted EPS/EPSS in the Income Statement. This is a key performance measure for the Group. Refer to further details in the Managing and Measuring Value - Financial section of this Annual Report. Basic EPS/EPSS is determined by dividing Profit/(loss) after tax attributable to members of the Company and Group (excluding any costs of servicing equity other than ordinary shares/securities) by the weighted average number of ordinary shares/securities outstanding during the financial year, adjusted for bonus elements in ordinary shares/securities issued during the financial year. Diluted EPS/EPSS is determined by adjusting the Profit/(loss) after tax attributable to members of the Company and Group, and the weighted average number of ordinary shares/securities outstanding for the effects of all dilutive potential ordinary shares/ securities. The Group currently does not have any dilutive potential ordinary shares/securities. Dilution occurs when treasury shares and employee share options are included in outstanding shares. The issued units of Lendlease Trust (LLT) are presented separately within equity, and therefore the profit attributable to LLT is excluded from the calculation of basic and diluted earnings per Company share presented in the Income Statement. June 2024 June 2023 Shares/ Securities Excluding Treasury Securities Shares/ Securities on Issue Shares/ Securities Excluding Treasury Securities Shares/ Securities on Issue Basic/Diluted Earnings Per Share (EPS) Loss attributable to members of Lendlease Corporation Limited (Company) $m (1,461) (1,461) (278) (278) Weighted average number of ordinary shares m 683 690 683 689 Basic/Diluted EPS cents (213.9) (211.7) (40.7) (40.3) Basic/Diluted Earnings Per Stapled Security (EPSS) Loss attributable to securityholders of Lendlease Group $m (1,502) (1,502) (232) (232) Weighted average number of stapled securities m 683 690 683 689 Basic/Diluted EPSS 1 cents (219.9) (217.7) (34.0) (33.7) 1. Details of the Group's Core operating earnings per stapled security is disclosed in Note 1a 'Segment Reporting'.