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Annual Report 2021

COVER 1
CONTENTS 4
ABOUT US 6
Who We Are 6
Our Vision | Our Purpose 7
Our Investment Case 8
Our Aviation Group Network & Statistics 12
Our Digital Statistics 14
Our Social Media Statistics 15
2021 Key Highlights • Business Highlights • Sustainability Highlights 16
Our Runway | Key Milestones Over 20 Years 18
CORPORATE INFORMATION 20
Corporate Information 20
Corporate Structure 22
Our Diary 2021 24
Awards & Accolades 2021 31
INVESTOR INFORMATION 32
2021 Financial & Investor Calendar 33
Five-Year Financial & Operating Highlights 34
Share Performance and Market Capitalisation 35
OUR LEADERSHIP 36
Board At A Glance 37
Directors’ Profiles 38
Our Senior Management Team 44
Our CEOs 50
MANAGEMENT DISCUSSION AND ANALYSIS 57
Strategic Review 57
Our Business Model 58
Our Operating Environment 60
Key Risks and Mitigation 64
Our Strategy/Blueprint 66
Performance Review 69
Chairman and CEO's Statement 70
Business Review 76
Aviation • AirAsia Malaysia • AirAsia Thailand • AirAsia Indonesia • AirAsia Phillippines • Ground Team Red • Santan 76
Digital • airasia Super App • Teleport • BigPay 85
Ventures • airasia grocer • airasia academy • IKHLAS 93
Engineering • Asia Digital Engineering 96
SUSTAINABILITY STATEMENT 98
Introduction 99
Economic 107
Environmental 122
Social 139
Our Entities 157
CORPORATE GOVERNANCE 165
Corporate Governance Overview Statement 166
Audit Committee Report 176
Statement on Risk Management & Internal Control 180
Additional Compliance Information 187
FINANCIAL STATEMENTS 199
Directors' Report 200
Statement by Directors 205
Statutory Declaration 205
Independent Auditors’ Report 206
Income Statements 211
Statements of Comprehensive Income 212
Statements of Financial Position 213
Consolidated Statement of Changes in Equity 215
Statement of Changes in Equity 216
Statements of Cash Flow 217
Notes to the Financial Statements 220
ADDITIONAL INFORMATION 318
Analysis of Shareholdings 319
Analysis of Redeemable Convertible Unsecured Islamic Debt Securities (“RCUIDS”) Holdings 322
Analysis of Warrant Holdings 324
List of Properties Held Under Capital A Group 326
Notice of Annual General Meeting 328
Glossary 334
Form of Proxy 335

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