Keppel Ltd. · SGX:BN4
Keppel — Shareholder Meeting (April 2023)
10 slides from Keppel's shareholder meeting presentation, Apr 21, 2023
Slide 1: Annual General Meeting
Annual General Meeting Presentation by Mr Loh Chin Hua, CEO 21 April 2023
Slide 2: 2022: A transformational and productive year
2022: A transformational and productive year Recurring income Net profit S$927m S$560m Robust performance in FY22, bolstered by strong results in Asset Management and Energy & Environment 114% Recurring income S$560m S$262m Representing 67% of FY22 net profit, excluding discontinued operations i FY2
Slide 3: Advancing our asset-light strategy
Advancing our asset-light strategy Assets under Asset monetisation Joint investments management >S$4.9bi S$2.8b Reached target of S$3-S$5b Investments across energy & Current: Target: ahead of schedule; will soon environment and sustainable announce a new interim urban renewal undertaken by S$50b S$
Slide 4: Realising S$9.4b in value from the O&M transactions
Realising S$9.4bi in value from Rewarding the O&M transactions shareholders S$2.19/Keppel shareiv ~S$3.3bii S$500m Value of Sembcorp Marine Disposal gain from Keppel Cash received in shares distributed in specie to O&M-Sembcorp Marine 1Q23 shareholders merger recognised in 1Q23 33.0 cts/share S$2.50
Slide 5: Creating value for shareholders
Creating value for shareholders Total shareholder return Improved earnings quality Significantly outperformed Straits Replaced volatile earnings from O&M business with stable interest Times Index over 12-mth and income from Asset Co vendor notes 15-mth periods Keppel: O&M business recorded average l
Slide 6: The future of Keppel
The future of Keppel Moving forward, Keppel will work towards becoming FOCUS AREAS A GLOBAL ASSET MANAGER & OPERATOR Renewables with strong development and operating capabilities in: Clean energy Energy & Urban 1 2 3 Connectivity Decarbonisation Environment Development solutions Sustainable urban re
Slide 7: Running our business sustainably and making sustainability our business
Running our business sustainably and making sustainability our business Keppel will invest in and create sustainability solutions that can help our customers and other stakeholders on their progress towards Net Zero. Keppel Infrastructure @ Changi is Singapore’s first Green Mark Platinum Positive En
Slide 8: Conclusion
Conclusion Keppel is in the right space, at the right time. We will continue to execute Vision 2030 and create value for all our stakeholders. 8
Slide 9: Notes to Slide 4
Notes to Slide 4 i. Includes out-of-scope assets with a carrying value of ~S$300m and 5% of Sembcorp Marine shares retained in the segregated account. ii.The gain on disposal is subject to adjustment for any reimbursement by the Company to Keppel O&M for certain expenditures incurred by Keppel O&M b
Slide 10: Disclaimer
Disclaimer NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION. THIS PRESENTATION SHALL NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL, SUBSCR