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CORPORATE TRAVEL MANAGEMENT LIMITED

(CTD)
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Corporate Travel Management : 2021 Sustainability Report

09/16/2021 | 04:52am EDT

CTM sustainability report

FY21

CTM Sustainability Report FY21

Introduction

3

Our Sustainability Pillars

4

Principles of Governance

6

Planet

11

People

13

Prosperity

16

Conclusion

21

INTRODUCTION

DRIVING SUSTAINABILITY

THROUGHOUT OUR BUSINESS

Corporate Travel Management Limited is pleased to present its FY21 Sustainability Report.

CTM's focus on long-term sustainability has guided decision-making, particularly since the onset of the COVID-19 pandemic. We have made decisions and taken action with a long-term view to creating and protecting value for the business and our key stakeholders. The pandemic has caused some sustainability initiatives to be scaled back and others emphasised, to create a focused pathway to see us through the impact of the COVID-19 pandemic and into a successful recovery environment.

CTM has revised this Report following a review of our sustainability strategy and associated reporting during FY21 to provide further information on the material areas that we believe will determine CTM's sustainability over the longer-term. This Report is a further step in our reporting on areas critical to CTM's long-term success. In the coming year, work will continue with our key stakeholders to refine data capture, measurement and goal setting.

Our long-term success is dependent on meeting the expectations of our key stakeholders including our people, clients, suppliers, industry partners, investors and financiers. We have begun stakeholder engagement and are introducing feedback processes to ensure we capture and respond appropriately to each perspective.

CTM SUSTAINABILITY REPORT FY21

3

SUSTAINABILITY PILLARS

Our Sustainability Pillars

After reviewing a number of the evolving reporting frameworks in the sustainability ecosystem, we have broadly aligned our reporting with the guidance provided by the World Economic Forum's ("WEF") report; Measuring Stakeholder Capitalism: Towards Common Metrics and Consistent Reporting of Sustainable Value Creation due to its broad applicability and commitment from a number of relevant bodies to WEF's process to develop globally consistent reporting.

The diagram below summarises our revised areas of focus based on the WEF's four reporting pillars being Principles of Governance, People, Planet and Prosperity. The pillars form the foundation of this Sustainability Report and will underpin CTM's sustainability planning in the coming years.

Governance

People

Our Sustainability Pillars

Prosperity

Planet

Stakeholders and stakeholder engagement

During FY21, we reviewed how we engage with our key stakeholders given they are critical to successfully meeting our purpose to deliver an enhanced value proposition to corporate travellers. CTM's material stakeholders include:

  1. Our employees: past, present and prospective
  2. Our clients: past, present and prospective
  3. Our investors: present and prospective
  4. Our suppliers and our industry partners
  5. Governments and regulatory bodies in the regions we operate in
  6. Our financiers

CTM SUSTAINABILITY REPORT FY21

4

SUSTAINABILITY PILLARS

The table below sets out how we engage with each of our material stakeholder groups:

STAKEHOLDER

ENGAGEMENT METHODS

• Various employee meetings, business update sessions, intranet, newsletters and a

range of other communication methods

Employees

• Regular one-to-one employee and leader meetings, and monthly check-ins

• Employee feedback loops including but not limited to employee engagement surveys,

employee new starter and exit surveys

Training sessions

Client feedback loops

Client surveys

Clients

Client engagement forums

• Client information requests on sustainability topics

• Participation in industry events and conferences

• Direct engagement to understand emerging challenges and long-term needs

• Direct engagement with larger shareholders and analysts

• Direct engagement with proxy houses and other shareholder or investment advisors

• Interim and full year result reporting and presentations

Investors

Investor roadshows

• Participation in investment market events and conferences

ASX releases

Annual General Meeting

• Participation in industry events and conferences

Suppliers/Partners

• Discussions throughout the procurement process

• Direct engagement throughout the supply contract lifecycle

Questionnaires, audits

Government and

• Membership of and participation in industry associations

• Policy submissions, participation in working groups and meetings with government

regulatory bodies

• Liaison with regulators in the jurisdictions in which we operate

Financiers

Direct engagement

• Participation in industry events and conferences

CTM conducted informal interactions with our stakeholders during FY21 regarding sustainability, including many conversations on long-term sustainability issues given the pandemic and increased importance of climate change. This report covers the material topics that stakeholders focussed on. In FY22, we will engage with stakeholders in a structured way on sustainability matters to ensure we fully capture their views and insights relevant to CTM.

CTM SUSTAINABILITY REPORT FY21

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

CTM - Corporate Travel Management Ltd. published this content on 16 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 September 2021 08:51:10 UTC.


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Financials
Sales 2022 454 M 337 M 337 M
Net income 2022 51,7 M 38,4 M 38,4 M
Net cash 2022 112 M 83,0 M 83,0 M
P/E ratio 2022 59,5x
Yield 2022 0,66%
Capitalization 3 242 M 2 406 M 2 406 M
EV / Sales 2022 6,89x
EV / Sales 2023 4,48x
Nbr of Employees 2 600
Free-Float 81,5%
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Number of Analysts 11
Last Close Price 23,67 AUD
Average target price 22,72 AUD
Spread / Average Target -4,01%
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Managers and Directors
James Michael Pherous Managing Director & Director
Cale Bennett Global Chief Financial Officer
Ewen Graham Wolseley Crouch Chairman
Paul Healy Global Head-Information Systems & Security
Michael P. Kubasik Global Chief Technology Officer
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