OVERVIEW 1 City Developments Limited (CDL) is a leading global real estate company with a network spanning 104 locations in 29 countries and regions. Listed on the Singapore Exchange, the Group is one of the largest companies by market capitalisation. Its income-stable and geographically-diverse portfolio comprises residences, offices, hotels, serviced apartments, shopping malls and integrated developments. With a proven track record of over 55 years in real estate development, investment and management, the Group has developed over 48,000 homes and owns around 23 million square feet of gross floor area in residential for lease, commercial and hospitality assets globally. Its diversified global landbank offers 3.3 million square feet of land area. Along with its wholly-owned hotel subsidiary, Millennium & Copthorne Hotels Limited (M&C), the Group has over 130 hotels and over 40,000 rooms worldwide, many in key gateway cities. Leveraging its deep expertise in developing and managing a diversified asset base, the Group is focused on enhancing the performance of its portfolio and strengthening its recurring income streams to deliver long-term sustainable value to shareholders. The Group is also developing a fund management business and targets to achieve US$5 billion in Assets Under Management (AUM) by 2023. C O R P O R A T E P R O F I L E Artist's Impression CITY DEVELOPMENTS LIMITED ANNUAL REPORT 2021 GET REVITALISED 2021 marked the continuation of a ‘new normal’ as global economies, businesses and communities adapted to a vastly different environment, all the while traversing the continued and ever-evolving disruption from the COVID-19 pandemic. Embracing resilience, agility, adaptability and an innovative spirit that is the core to our DNA, we navigated the headwinds decisively and made a return to profitabi l ity. Today, backed by strong fundamentals, we are well-positioned for a full business recovery. In the past two years, we have gained new perspectives and insights. These, together with the many lessons learnt from the pandemic, will shape our growth story – and pave the way for greater business sustainability. OVERVIEW 2021 Highlights 5-Year Financial Highlights Chairman’s Statement Group CEO’s Statement Corporate Network Corporate Structure Highlights of the Year Awards & Accolades Corporate Directory CORPORATE GOVERNANCE Board of Directors Key Management Corporate Governance Risk Management Investor Relations Calendar of Financial Events SUSTAINABILITY Sustainability Board Statement BUSINESS OVERVIEW Financial Review Operations and Market Review PROPERTY PORTFOLIO Property Portfolio Analysis Major Properties FINANCIALS Statutory Reports & Accounts OTHER INFORMATION Statistics of Ordinary Shareholdings Statistics of Preference Shareholdings Share Transaction Statistics Notice of Annual General Meeting Additional Information on Directors Seeking Election/Re-Election Proxy Form 12 13 14 16 18 19 20 22 23 24 30 32 57 63 64 65 79 81 86 89 99 270 272 273 274 284 Cover and right: CanningHill Piers I Singapore
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