Annual Report 2021
With a clear focus to be a long-term strategic partner to our portfolio companies, we continue to work closely with our businesses in the face of macroeconomic uncertainties and disruptive industry trends.
We contribute to our businesses by providing strategic input, planned capital allocation, and collaboration and partnerships across our extensive network. In addition, we seek to transform businesses with digital innovation expertise as well as people and organisational design capabilities. To further elevate our communities in the region, we advocate a corporate strategy that is firmly centred around sustainability with defined ESG pathways to support the global climate change agenda and deliver long-term growth.
Leadership Conversations
We continually review
our portfolio and
challenge ourselves to
be the best long-term
strategic partner.
Ben Birks
Group Managing Director
The recovery in 2021
was encouraging, with
underlying profit returning
close to pre-pandemic
levels, down just 9%
from 2019.
Stephen Gore
Group Finance Director
Features
Growing Adjacencies
As the world’s fourth most populous country with over 270 million people and a rapidly growing middle class, Indonesia is witnessing the transformation of traditional industries. Digital disruption in financial services has emerged to cater to Indonesia’s young and increasingly urbanised population. On the healthcare front, the uneven distribution of healthcare resources throughout the archipelago has accelerated the expansion of HealthTech to make basic healthcare more accessible.
Read moreBuilding Sustainability
One of the fastest growing regions globally, Southeast Asia is expected to continue to see strong governmental support for the transition to renewable energy and an increased focus on sustainable solutions. Climate change is a key force shaping the world in which we live. JC&C is committed to doing our part to promote climate action and build sustainable business practices within our Southeast Asian portfolio.
Read morePerformance
The pandemic is expected to remain a significant risk to performance in 2022, but the Group is optimistic about the long-term economic prospects of Southeast Asia, and is well placed to benefit from its growth opportunities.
Read moreThe Group’s business comprises three pillars: (i) Astra; (ii) Direct Motor Interests; and (iii) Other Strategic Interests.
Read moreIn 2021, the Group’s revenue increased by 34% to US$17.7 billion, mainly due to improvement in Astra’s automotive and heavy equipment, mining, construction & energy businesses.
Read moreUS$37bn
Combined gross revenue*
US$18bn
Revenue
US$786m
Underlying profit attributable
to shareholders
US¢80
Dividend per share
* Includes 100% of revenue from associates and joint ventures
Read moreIn 2021, JC&C expanded the scope of its sustainability reporting by adopting the operational control approach of the Greenhouse Gas (“GHG”) Protocol to include the JC&C Head Office and its operational controlled businesses, namely Astra and the Cycle & Carriage businesses in Singapore, Malaysia and Myanmar. More information on our environment, social and governance (“ESG”) performance will be detailed in the Sustainability Report 2021 (“SR2021”) planned for publication in May 2022.
Read more
