UCI publishes its 2021 Annual Report: numerous advances made and financial targets met

The Union Cycliste Internationale (UCI) is pleased to announce the publication of its Annual Report - including the financial statement - for 2021. The document can be consulted as of today, in its entirety, on the UCI website (www.uci.org).

Approved by the UCI Management Committee at its meeting held in Arzon (France) from 14 to 16 June, the 2021 UCI Annual Report highlights the numerous advances made during a year marked by the re-election of David Lappartient as President of the UCI for a new four-year term, the election of a new Management Committee - with a clear increase in the number of women - of the Federation, the renewal of all its commissions - which also have a significantly increased proportion of women -, the centenary of the UCI Road World Championships celebrated in Flanders (Belgium), and the staging of the Tokyo 2020 Olympic and Paralympic Games after a year’s postponement, all of this in an international health context that remains delicate due to the persistence of the Covid-19 pandemic.

The 2021 UCI Annual Report shows that the International Federation has continued to make progress in achieving the objectives of its Agenda 2022, almost all of which have now been achieved. The UCI has continued to make progress not only in sport (with initiatives such as the launch of the UCI Track Champions League and the integration of gravel), but also in areas such as the representation of women in sport and governance, the protection of members of the cycling family from all forms of harassment and other abuse, sustainable development and the promotion of universal accessibility to cycling.

The development and solidarity activities carried out in 2021 by the UCI through the UCI World Cycling Centre (WCC), its high-level training and education centre, are also detailed in the Annual Report published today.

In keeping with its policy of transparency, the UCI also presents in its 2021 Annual Report not only the complete balance sheet for the past year, but also the audited consolidated financial statements of the UCI and the UCI WCC, and the audited financial statements of the UCI for 2021, prepared and audited in accordance with Swiss accounting standards (Swiss GAAP RPC). In a context still marked by the Covid-19 pandemic, the UCI recorded financial results that were much better than expected, thanks to the health measures put in place that enabled the vast majority of competitions on the UCI International Calendar to take place in good conditions, to its prudent management and to the joint efforts of members of the Olympic family that enabled the Tokyo Olympics - a major source of revenue for International Federations - to take place in 2021. The UCI's annual result was 21.3 million Swiss francs. The UCI budgets on four-year Olympic cycles and has defined a maximum loss of 5.5 million Swiss francs per year, equivalent to the annual share of its Olympic income smoothed over the cycle, which allows it to maintain its financial balance. Thanks to a policy of reducing expenditure, the UCI's operating loss (excluding Olympic income) in 2021 was limited to 1.7 million Swiss francs, a figure well below the 5.5 million mentioned. In 2018, the UCI had set itself the target of meeting a minimum reserve threshold of 20 million Swiss francs from 2020. To date, its reserves amount to some 38 million Swiss francs (excluding buildings). It is therefore in a healthy financial position despite the difficulties it has experienced, which provides a solid basis to continue to develop cycling, ensure its solidarity programmes and deal with any new crises that may arise, until the end of the cycle and beyond.

The 2021 UCI Annual Report also contains a great deal of useful information about the Federation and its activities, including a presentation of the disciplines it governs, the list and composition of its governing bodies, commissions and jurisdictional bodies, the list of its 201 affiliated National Federations, and the results and rankings of all UCI events (UCI World Championships, UCI World Cups and other UCI series) for the season.

UCI President David Lappartient said: "After 2020 which was hard hit by the Covid-19 pandemic, 2021 has not been a year like any other either. In this difficult context, cycling was nevertheless one of the sports that managed to pull through. The vast majority of our events were held in good conditions, and we have now achieved almost all the objectives of our Agenda 2022. Re-elected to lead the UCI for the next four years, I look forward to working with all our stakeholders, in particular our 201 National Federations, to continue our efforts to modernise cycling and develop cycling for all so that our sport continues to contribute to the well-being of the population.”

UCI Director General Amina Lanaya said: "2021 saw a timid return to normal, and we have finally seen the public return en masse to our International Calendar competitions, while our TV audience and social media figures have broken new records. We are delighted that our sport has been able, thanks to the collaboration and solidarity of all its stakeholders, to continue to offer a fantastic spectacle to all its fans despite a still delicate health situation. I am particularly proud of the progress made in areas that the UCI considers fundamental, in particular the promotion of women at all levels, whether in sport itself, in management or in governance, and social responsibility in its various dimensions, primarily integrity and sustainable development.”

Link: UCI Annual Report 2021