CapitaLand Investment Limited

Annual Report 2022

MESSAGE TO SHAREHOLDERS

Dear Shareholders

As CapitaLand Investment (CLI) marks its first full year of operations in 2022, we are delighted to report that we have made meaningful progress towards our goal of becoming a leading real estate investment manager (REIM), notwithstanding the challenging market conditions throughout the year. These included the ongoing impact of the COVID-19 pandemic particularly in China, heightened geopolitical tensions, as well as inflationary and interest rate pressures not seen in decades. As a company on a journey of transformation, we continued to strengthen our talent bench, expand our network of capital partners, and grow across all our businesses, as well as pursue new business areas as opportunities arise.

Mr Lee Chee Koon

Group Chief Executive Officer

Mr Miguel Ko

Chairman

chairman

PERFORMANCE HIGHLIGHTS

TOTAL PATMI

S$861M

FY 2021: S$1,349M

OPERATING PATMI

S$609M

FY 2021: S$497M
23%

ROE

5.5%

FY 2021: 8.7%

REAL ESTATE AUM

S$132B

FY 2021: S$123B

FUM

S$88B

FY 2021: S$86B

LODGING UNITS

>159,000

FY 2021: 133,000

FRB REVENUE

S$955M

FY 2021: S$905M
6%

FM FRE

S$429M

FY 2021: S$409M
5%

FM FRE/FUM RATIO

49bps

FY 2021: 50bps

CAPITAL RECYCLED

S$3.1B

FY 2021: S$13.6B

GROUP CASH AND UNDRAWN FACILITIES OF CLI'S TREASURY VEHICLES

S$5.9B

NET DEBT/EQUITY

0.52x

 

OUR GLOBAL PRESENCE

CLI’s core markets are Singapore, China and India. But our boots on the ground extend far beyond that, to over 220 cities in more than 40 countries across Asia Pacific, Europe, and the USA.

OUR STAKEHOLDERS

At CLI, we believe that stakeholder engagement is vital in achieving our business objectives, while upholding our commitment to environmental and social responsibility. Our stakeholders play an essential role in shaping our business, and we actively engage with them to gain a deeper understanding of their concerns, needs, and expectations. By fostering a continuous collaborative dialogue, we can build stronger relationships with our stakeholders and work together to create value in the markets and communities that we operate in.

CORPORATE GOVERNANCE

CapitaLand Investment Limited (the Company and, together with its subsidiaries, the Group) embraces the tenets of sound corporate governance including accountability, transparency and sustainability. It is committed to enhancing value over the long term to its stakeholders with the appropriate people, processes and structure to direct and manage the business and affairs of the Company, achieve operational excellence and deliver the Group’s long-term strategic objectives.

SUSTAINABILITY

Sustainability is at the Core of Everything We Do

At CapitaLand Investment, we are committed to growing in a responsible manner, delivering long-term economic value, and contributing to the environmental and social well-being of our communities.

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52%of carbon emissions reduced since 2008

58%of global portfolio achieved green building certification

About40%of senior management were women

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