Keppel Dc Reit · SGX:AJBU
Keppel Dc Reit — Q1 2025 Earnings Presentation
25 slides from Keppel Dc Reit's earnings presentation, Apr 17, 2025
Slide 1: 1Q 2025 Operational Updates
1Q 2025 Operational Updates 17 April 2025
Slide 2: Outline
Outline 1. Key Highlights 4. Capital Management 2. Financial Updates 5. Outlook 3. Portfolio Updates 6. Additional Information Constituent of: Awards and Certifications: FTSE EPRA Nareit Global MSCI Singapore GPR 250 Developed Index Small Cap Index Index Series 1 2 Image.png 1. The use by Keppel DC
Slide 3: Key Highlights
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Slide 4: 1Q 2025 Key Highlights
1Q 2025 Key Highlights Creating Unitholder Value Resilient Portfolio Performance Positioning for Future Growth Distributable Income ($’000)1 Aggregate Leverage4 40.0% 61,839 ~$886m debt headroom 96.5% 20.0% 38,791 30.2% Portfolio Occupancy 0.0% 1Q 2024 1Q 2025 31 Mar 2025 Distribution Per Unit (cent
Slide 5: Financial Updates
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Slide 6: Robust Financial Performance
Robust Financial Performance ($’000) 1Q 2025 1Q 2024 % Change • Higher net property income mainly due to: i. acquisitions of Keppel DC Singapore 7 & 8 and Gross Revenue 102,179 83,364 +22.6 Tokyo Data Centre 1; ii. higher contributions from contract renewals and escalations in 2024; and Property Exp
Slide 7: Portfolio Updates
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Slide 8: Dynamic Portfolio Management
Dynamic Portfolio Management as at 31 Mar 2025 High Portfolio Occupancy 1 Healthy Portfolio WALE2 96.5% 7.1 years Dynamic portfolio management to ensure resilience Acquisitions as a parallel growth driver • Portfolio reversion3 of 7% with no major contract renewals • Target markets: Japan, South Kor
Slide 9: Portfolio Contract Types and Expiries
Portfolio Contract Types and Expiries as at 31 Mar 2025 WALE1,2 Portfolio Contract Type % of Rental Income2 (years) Colocation 2.9 75.8% Fully-fitted 9.9 17.1% Shell and Core 7.2 7.1% Portfolio Contract Expiries 62.3% Portfolio Contract Expiries (By Lettable Area) (By Rental Income) 29.2% 30.1% 13.6
Slide 10: Diversified Global Client Base
Diversified Global Client Base Rental Income by Trade Sector1 Top 10 Clients3 Trade Sector Rental Income1 Fortune Global 500 Company (Hyperscaler) Internet Enterprise 40.8% Internet Corporate Enterprise 63.1% Fortune Global 500 Company (Hyperscaler) Internet Enterprise 9.2% 0.9% 6.8% Financial Total
Slide 11: Capital Management
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Slide 12: Agile Financial Management
Agile Financial Management Key Metrics As at 31 Mar 2025 Change from 31 Dec 2024 Aggregate Leverage1 30.2% -130 bps Average Cost of Debt2 3.1% (1Q 2025) - Weighted Average Debt Tenor 3.1 years -0.1 years Weighted Average Hedge Tenor 3.1 years +0.4 years Interest Coverage Ratio 5.8 times +0.5 times (
Slide 13: Favourable Debt Profile
Favourable Debt Profile as at 31 Mar 2025 Proportion of Fixed to Floating Loans Debt Maturity Profile 4.5% Floating Fixed 32% 3.2% 68% 0.5% 1.6% Debt 3.5% 7.6% 5.5% 6.1% 9.1% 17.3% 12.3% 13.4% • A 50 bps change would have a ~1.1%1 impact 6.2% 0.8% 6.2% to 1Q 2025’s DPU on a pro forma basis 2.2% 2025
Slide 14: Outlook
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Slide 15: AI-driven trends to drive global data centre demand
AI-driven trends to drive global data centre demand • The data centre sector has experienced emerging short-term disruptions. The rise of competing AI models such as DeepSeek could reshape expectations around AI infrastructure needs. Evolving AI governance, including AI diffusion rules, and geopolit
Slide 16: 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 17: Additional Information
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Slide 18: Diversified Global Portfolio with Strong Asia Pacific Presence
Diversified Global Portfolio with Strong Asia Pacific Presence Keppel DC REIT Assets under Management ~$4.9b1 24 data centres across 10 countries AUM Breakdown1 Asia Pacific 81.6% Europe 18.4% Singapore 66.3% Germany 3.4% Australia 5.2% Ireland 6.1% China 5.5% Italy 1.2% Japan 4.3% The Netherlands 4
Slide 19: Portfolio Overview (as at 31 Mar 2025)
Portfolio Overview (as at 31 Mar 2025) Attributable Attributable Land lease No. of Occupancy rate WALE Property Age Interest lettable area gross Valuation3 Lease type Land lease title remaining Clients1 (%) (years)4 (years) (sq ft) revenue 2 (years) Asia Pacific Leasehold ~28 Keppel DC Singapore 1,
Slide 20: Portfolio Overview (as at 31 Mar 2025)
Portfolio Overview (as at 31 Mar 2025) Attributable Attributable Land lease No. of Occupancy WALE Property Age Interest lettable area gross Valuation3 Lease type Land lease title remaining Clients1 rate (%) (years)4 (years) (sq ft) revenue2 (years) Europe maincubes Data Centre, €118.8m Triple-net 10
Slide 21: 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 22: 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 23: ESG Highlights
ESG Highlights ENVIRONMENTAL RESPONSIBLE PEOPLE & STEWARDSHIP BUSINESS COMMUNITY GRESB SCOPE 1, 2 & 3 EMISSIONS ZERO-FATALITY WORKPLACE Green Star designation achieved for 15.5% lower year-on-year due to a key Zero fatalities and major incidents in the third consecutive year since client’s upgrading
Slide 24: 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 25: Keppel DC REIT Structure (as at 31 Mar 2025)
Keppel DC REIT Structure (as at 31 Mar 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