Having embarked on our integrated reporting journey in 2020, this year we have added more elements of the Integrated Reporting Framework as recommended by the International Integrated Reporting Council (IIRC). Most pertinently, we have included a Strategic Review in which we clearly describe our operating environment, key risks and mitigation, while detailing our strategy. The latter has been designed to manage all identified risks while capitalising on our resources and capabilities in order to create value for Capital A and our stakeholders. Within this report is also our Sustainability Statement, which has been guided by additional global references, as identified in its introduction pages. MATERIALITY In determining the contents of this report, we have been guided by the principle of materiality by focusing on information that is relevant or of material interest to our stakeholders. Thesematerial matters have been determined by extensive stakeholder engagement as well as internal evaluation. Together, they reflect existing and emerging risks and opportunities which could affect our ability to create value in the short, medium and long term. SCOPE AND BOUNDARY We disclose material information relating to Capital A and its portfolio of businesses – covering the year from 1 January 2021 to 31 December 2021. Material events that take place up to the Board’s approval date of 29 April 2022 are also included. COMBINED ASSURANCE Contents of the report have been approved by our Board of Directors, our internal auditors, and Ernst & Young PLT in its capacity as our external auditor. REPORTING FRAMEWORK In presenting this report, we have been guided by the principles and requirements of the following: • IRF, issued by the IIRC • Main Market Listing Requirements, issued by Bursa Malaysia • Corporate Governance Guide (3rd Edition), issued by Bursa Malaysia • Malaysian Code on Corporate Governance 2021, issued by Securities Commission Malaysia • Companies Act 2016 (CA 2016) • Global Reporting Initiative (GRI) Standard: Core Option FORWARD LOOKING STATEMENTS This report contains certain forward-looking statements relating to future performance. Such statements are premised on current assumptions and circumstances, which could change, hence they necessarily involve uncertainty. Various factors could cause actual results to differ materially from those expressed or implied by these forward-looking statements. From the day we started, with two aircraft, one destination and 250 Allstars, we have never stopped in our quest to make dreams come true. First, we sought to democratise air travel and enable everyone to fly. Pre-pandemic, we had more than achieved this ambition. With more than 20,000 Allstars and 200 aircraft, we were the lowest-cost airline in the world and had flown no less than 600 million guests across Asia Pacific. But we didn’t stop. We realised we could do more, and so we did. Over the last few years, we have transformed into one of Asean’s fastest-growing online travel and lifestyle platforms. With airasia Super App, we are now revolutionising daily life, bringing value to even more people as we deliver food, offer rides and even financial services… all at rates that are among the lowest, if not the lowest, in the market. We’ve been through many crises in the past but always picked ourselves up, grown stronger and flown even higher. Today is no different. A game-changer, a challenge-breaker, we believe there are brighter days ahead for us and everyone we serve. We’ve had 20 exciting years and look forward to at least another 20 to come. Hats off to all our Allstars! #airasianeverstops About This Report COVER RATIONALE
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