CONTENTS OVERVIEW 2023 Highlights 14 5-Year Financial Highlights 15 Chairman’s Statement 16 Group CEO’s Statement 19 Corporate Network 22 Corporate Structure 23 Highlights of the Year 24 Awards & Accolades 26 Corporate Directory 27 Board of Directors 28 Management Executive Committee 34 Corporate Governance 36 Risk Management 64 Investor Relations 73 Calendar of Financial Events 75 CORPORATE GOVERNANCE Sustainability Board Statement 76 SUSTAINABILITY BUSINESS OVERVIEW PROPERTY PORTFOLIO Financial Review 93 Operations and Market Review 95 Property Portfolio Analysis 100 Major Properties 103 FINANCIALS & OTHER INFORMATION Statutory Reports and Accounts 112 Statistics of Ordinary Shareholdings 270 Statistics of Preference Shareholdings 272 Share Transaction Statistics 273 Notice of Annual General Meeting 274 Additional Information on Directors Seeking Re-Election 284 Proxy Form View the report online www.cdl.com.sg/annualreport2023 We have come a long way from our humble beginnings in 1963, during which we operated out of a rented office in Amber Mansions along Orchard Road, with only eight employees. Since then, we have grown from a fledging local residential developer to a global property and hotel conglomerate with a presence in over 20 countries. Today, the CDL Group has total assets of $33 billion*, with a diverse portfolio comprising residences, offices, hotels, serviced apartments, student accommodation, retail malls and integrated developments. As Singapore’s trusted property pioneer, CDL has grown proudly alongside Singapore over the past six decades, shaping our city skyline with numerous architectural icons such as The Sail @ Marina Bay, Amber Park, New Futura, Republic Plaza and South Beach, amongst others. Cover (clockwise from top left): Republic Plaza, M Social Suzhou, St Katharine Docks and Newport Plaza (Artist's Impression) * Including fair value gains on investment properties and revaluation surpluses on hotels. OVERVIEW 1 ANNUAL REPORT 2023
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