Slide 1: 3Q & 9M 2021 Business Update
3Q & 9M 2021 Business Update 28 October 2021
Slide 2: Highlights of 3Q & 9M 2021
• Sharp reversal in 9M 2021 performance from loss in 9M 2020, and strong improvement in 3Q 2021 results yoy Highlights of • Announced ~S$2.4b in asset monetisation to date and collected ~S$1.6b in cash • Asset monetisation on track to exceed S$5b target by end-2023 3Q & 9M 2021 • Capital unlocked wi
Slide 3: Strong Performance
Strong Performance Revenue by Segment • Keppel Corporation recorded a net profit in 9M 2021, a marked reversal from the loss in 9M 2020 • Significant improvement in 9M 2021 net profit, even excluding 5,510 113 RIDsi in both periods 4,818iii 95 903 • All segmentsii performed better in 9M 2021 883 1,2
Slide 4: Energy & Environment
Energy & Environment Orderbook strengthened with good execution and delivery Offshore & Marine Net Orderbooki amid COVID-19 disruptions 5.5 • Keppel O&M was profitable for 9M 2021, reversing the net loss 0.2 of 9M 2020; EBITDA for 9M 2021 was positive • Keppel O&M’s revenue was S$1.2b for 9M 2021, c
Slide 5: Energy & Environment
Energy & Environment Keppel bolsters track record in renewables with the completion of Ørsted’s offshore substations (in picture), which will be integrated and tested in the Taiwan Straits by Keppel O&M 5
Slide 6: Energy & Environment
Energy & Environment Growing focus and traction in renewables, low-carbon and decarbonisation solutions • Keppel Infrastructure delivered resilient performancei, though 3Q 2021’s operating results were lower yoy • Revenue was S$2.1b for 9M 2021, vs S$1.7b for 9M 2020 • EBITDA was S$86m for 9M 2021,
Slide 7: Urban Development
Urban Development Home Salesi Delivering stronger returns through active homes sales and divestments Sales value: S$3.3b • Keppel Land’s 9M 2021 performanceii improved yoy, underpinned Sales value: by contributions from China and Vietnam property trading projects S$1.5b and divestment gains 3,460 17
Slide 8: Urban Development
Urban Development Focused on being an asset-light real estate solutions provider, with growing recurring income • Sizeable landbank held at historical cost of S$4.0bi has strong potential for value unlocking • 63% of landbank located in key cities of China and Vietnam where home prices have apprecia
Slide 9: Urban Development
Urban Development Seasons City’s retail mall (in picture) in the Sino-Singapore Tianjin Eco-City received over 60,000 visitors on its first day of opening in end-Sep 2021 9
Slide 10: Connectivity
Connectivity Growing data centre portfolio and strong demand for Keppel’s Bifrost fibre pairs • Impact of COVID-19 continues to accelerate demand for digital connectivity solutions • Keppel Data Centres performed stronger yoy in 9M 2021i • Keppel Group completed investments in 2 data centres in Chin
Slide 11: Connectivity
Connectivity 5G SA network rollout gains momentum; exploring opportunities to monetise 5G use cases • M1’s earnings were lower yoy in 9M 2021 due to lower roaming and prepaid revenue arising from impact of COVID-19, but higher yoy in 3Q 2021 due to higher contributions from the growing enterprise bu
Slide 12: Asset Management
Asset Management Strong growth in asset management fees Asset Management Feesii • Keppel Capital continued strong performancei yoy, mainly due 167 to stronger operating results as well as mark-to-market gains from investments 129 • Asset management feesii grew 29% to S$167m in 9M 2021 108 from S$129
Slide 13: Strengthening credentials as a sustainable urbanisation solutions provider
Make Sustainability Refocus Portfolio on our Business Sustainable Urbanisation Seize opportunities in green Solutions developments, renewables, decarbonisation, low carbon new Refocus portfolio on sustainable energy and circular economy solutions urbanisation solutions in line with Vision 2030, incl
Slide 14: Keppel has set absolute carbon emissions reduction targets
Keppel has set absolute carbon emissions Climate Action Roadmap: reduction targets and is Refocus portfolio on committed to contributing sustainable urbanisation Invest in sustainability- related innovation solutions to a greener world Advance circular economy Tap renewable energy through waste and
Slide 15: Conclusion
Conclusion Delivering strong performance while executing the Group’s Vision 2030 strategy unveiled in mid-2020 • Sharp reversal in 9M 2021 performance from loss in 9M 2020 • Sharp reversal in 9M 2021 performance from loss in 9M 2020 • Significant improvement in 9M 2021 net profit even compared to •
Slide 16: Additional Information
Additional Information [ESL Corporation 16
Slide 17: Vision 2030 Asset Monetisation
Vision 2030 Asset Monetisation Announced from Oct 2020 to Oct 2021: No Asset Country Consideration (S$m) 1 Taicang Xuchang Property China 104.0 2 24.01% stake in Business Online Public Company Thailand 36.0 3 Chengdu Hilltop Development China 250.4 4 30% stake in Dong Nai Waterfront City Vietnam 115
Slide 18: Keppel Land's Portfolio
Keppel Land’s Portfolio Residential Portfolio Commercial Portfolio Quality landbank spread across key cities in Asia ~1.6m sm of GFA; 53% of which under development Country Units % Country GFA (sm) % Singapore 85,410 5% Singapore 285 1% China 534,600 34% China 18,813 43% Vietnam 401,210 25% Vietnam
Slide 19: M1 Operational Highlights
M1 Operational Highlights Revenue Customers 779 783 2,071 2,106 235 265 228 232 255 230 21 16 140 S$m 133 ‘000 1,588 1,644 383 369 0 0 9M 2020 9M 2021 End-Sep 2020 End-Sep 2021 Postpaid Prepaid Fibre broadband 19
Slide 20: Disclaimer
Disclaimer This presentation may contain forward-looking statements which are subject to risks and uncertainties that could cause actual results to differ materially from such statements. Such risks and uncertainties include those arising from COVID-19, industry and economic conditions, competition,