Keppel Dc Reit · SGX:AJBU
Keppel Dc Reit — Q3 2025 Earnings Presentation
26 slides from Keppel Dc Reit's earnings presentation, Oct 24, 2025
Slide 1: 3Q 2025 Operational Updates
3Q 2025 Operational Updates 24 Oct 2025
Slide 2: Outline
Outline 1. Key Highlights 4. Portfolio Updates 2. Financial Updates 5. Outlook 3. Capital Management 6. Additional Information Constituent of: Awards and Certifications: FTSE Straits FTSE EPRA MSCI Singapore GPR 250 1 2 Image.png Times Index Nareit Global Small Cap Index Index Series Developed Index
Slide 3: Key Highlights
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Slide 4: Key Highlights
Key Highlights Creating Unitholder Value Strategic Portfolio Optimisation Positioning for Future Growth Distributable Income ($’000)1 195,301 125,597 95.8% 29.8% Stable Portfolio Occupancy Aggregate Leverage4 9M 2024 9M 2025 DPU (cents)2 +14% 7.670 7.050 ~$5.7b 2.9% Assets under Management3 Cost of
Slide 5: Portfolio Growth & Rebalancing
Portfolio Growth & Rebalancing Keppel DC NetCo Bonds & Tokyo Data Centre 3 Singapore 7 & 8 Preference Shares • Acquisition of a hyperscale • Acquired remaining interests • Proposed divestment to focus data centre with built-in rent in Sep 2025 on data centre assets escalation located in Inzai City,
Slide 6: Financial Updates
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Slide 7: Strong Financial Performance
Strong Financial Performance 9M 2025 vs 9M 2024 ($’000) 9M 2025 9M 2024 % Change • Higher net property income mainly due to: Gross Revenue 322,440 234,125 +37.7 i. acquisitions of Keppel DC Singapore 7 & 8 and Tokyo Data Centre 1; ii. higher contributions from contract renewals Property Expenses (42
Slide 8: Capital Management
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Slide 9: Agile Capital Management
Agile Capital Management Key Metrics As at 30 Sep 2025 Change from 30 Jun 2025 Due to repayment of Aggregate Leverage1 29.8% Improved 20 bps bank loans 2.9% (3Q 2025) Due to declining interest rates Average Cost of Debt2 Improved 10 bps 3.0% (9M 2025) on floating rate debt Trailing 12-month Interest
Slide 10: Favourable Debt Profile
Favourable Debt Profile Proportion of Fixed to Floating Debt as at 30 Sep 2025 Floating, EUR, Debt Maturity Profile 14% 4.2% 1.6% Floating, SGD, 3.3% Fixed, 74% 12% 2.0% 5.8% Debt 6.7% 8.4% 10.0% 6.8% 12.6% 13.4% 10.0% • A decline of 25 bps in interest rates will 6.4% 0.9% 6.4% contribute to a ~0.4%
Slide 11: Portfolio Updates
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Slide 12: Driving Value through Dynamic Portfolio Optimisation
Driving Value through Dynamic Portfolio Optimisation as at 30 Sep 2025 High Portfolio Occupancy 2 Healthy Portfolio WALE 3 95.8% 6.7 years Building Resilience, Ongoing Optimisation, Scaling for Growth • 10% portfolio reversion with no major contract renewals in 3Q 2025 • Active portfolio optimisatio
Slide 13: Portfolio Contract Types and Expiries
Portfolio Contract Types and Expiries as at 30 Sep 2025 WALE1 & 2 Portfolio Contract Type % of Rental Income2 (years) Colocation 3.4 77.8% Fully-fitted 9.4 15.6% Shell and Core 6.3 6.6% Portfolio Contract Expiries Portfolio Contract Expiries (By Lettable Area) (By Rental Income) 63.0% 42.4% 28.0% 15
Slide 14: Diversified Global Client Base
Diversified Global Client Base Rental Income by Trade Sector1 Top 10 Clients3 Trade Sector Rental Income1 4 5 45.1% Fortune 1 . Global 500 Company (Hyperscaler) Internet Enterprise 0 3 .% Fortune Global 500 Company (Hyperscaler) Internet Enterprise 10.2% 2 6 % . Internet 1 6.1% Fortune 5 % Global 50
Slide 15: Outlook
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Slide 16: Sustained Digital Demand Driving Structural Growth
Sustained Digital Demand Driving Structural Growth Sustained demand for digital Asia Pacific (APAC) is poised for large- Easing of global financial conditions infrastructure globally scale AI infrastructure expansion Improvement in Global Growth Forecast • Data centre demand is projected to • Rise o
Slide 17: Thank You
Thank You For more information, please visit: www.keppeldcreit.com Connect with us on: Linkedin - Free social media icons Important Notice: The past performance of Keppel DC REIT is not necessarily indicative of its future performance. Certain statements made in this presentation may not be based on
Slide 18: Additional Information
06 Additional Information 18
Slide 19: Diversified Global Portfolio with Strong Asia Pacific Presence
Diversified Global Portfolio with Strong Asia Pacific Presence Keppel DC REIT Assets under Management ~$5.7b1 25 data centres across 10 countries Asset Under Management Breakdown1 Asia Pacific 83.1% Europe 16.9% Singapore 57.8% Germany 3.1% Australia 4.5% Ireland 5.7% China 4.6% Italy 1.1% Japan 15.
Slide 20: Portfolio Overview (as at 30 Sep 2025)
Portfolio Overview (as at 30 Sep 2025) Attributable Attributable Land lease Completion / No. of Occupancy rate WALE Interest lettable area gross Valuation3 Lease type Land lease title remaining Last Clients1 (%) (years)4 (sq ft) revenue2 (years) refurbishment Asia Pacific Keppel DC Singapore 1, Kepp
Slide 21: Portfolio Overview (as at 30 Sep 2025)
Portfolio Overview (as at 30 Sep 2025) Attributable Attributable Land lease No. of Occupancy WALE Completion / Interest lettable area gross Valuation3 Lease type Land lease title remaining Clients1 rate (%) (years)4 Last refurbishment (sq ft) revenue2 (years) Europe maincubes Data Centre, €118.8m Tr
Slide 22: Overview of Contractual Arrangements
Overview of Contractual Arrangements Responsibilities of Owner Insuranc Contractual Property Mainten Building Refresh Asia Pacific Description Capex Arrangement Opex ance Tax e Keppel lease1 / • Client: Pays rent Keppel DC Singapore 1 ✓ ✓ ✓ ✓ Colocation2 • Owner: Bears all expenses; responsible for
Slide 23: Overview of Contractual Arrangements
Overview of Contractual Arrangements Responsibilities of Owner Maintenance Contractual Europe Description Insurance Arrangement Property Building Refresh Capex Opex Tax maincubes Data Centre Triple-net lease • Client: Pays rent and all outgoings; responsible for facilities management - - - - • Clien
Slide 24: ESG Highlights
ESG Highlights ENVIRONMENTAL RESPONSIBLE PEOPLE & STEWARDSHIP BUSINESS COMMUNITY SCOPE 1, 2 & 3 EMISSIONS GRESB ZERO-FATALITY WORKPLACE 15.5% lower year-on-year in 2024 due Green Star designation achieved for Zero fatalities and major incidents in to a key client’s upgrading works in the 4th consecu
Slide 25: ESG Targets and Commitments
ESG Targets and Commitments Environmental Stewardship Responsible Business People & Community Align reporting with the climate-related Obtain and maintain green certification for all Engage with local communities and disclosure requirements of the IFRS Singapore colocation assets by 2025 and obtain
Slide 26: Keppel DC REIT Structure (as at 30 Sep 2025)
Keppel DC REIT Structure (as at 30 Sep 2025) Keppel Institutional and The REIT Manager can leverage Keppel’s global asset management platform and its strong expertise as an operator in sustainability- Public Investors related solutions spanning the areas of infrastructure, real estate and connectivi