Keppel Ltd. · SGX:BN4
Keppel — Shareholder Meeting (April 2019)
17 slides from Keppel's shareholder meeting presentation, Apr 23, 2019
Slide 1: Annual General Meeting
Annual General Meeting Presentation by CFO Mr Chan Hon Chew 23 April 2019
Slide 2: Transforming for Growth
Transforming for Growth Cleaner energy & renewables Energy Urban living Offshore & Marine Smart cities & quality real estate Senior living Connectivity Property Keppel Solutions Opportunities Floating infrastructure & Infrastructure data centre parks Clean Asset environments management M1
Slide 3: Financial Performance: Key highlights
Financial Performance Key highlights Net profit • ROE was 8.3% 944 • Free cash inflow of S$515m in S$944m 815 FY 2018 vs S$1,802m in FY 2017 S$m FY 2018 net profit up 382% from S$196m for 619 i FY 2017 944 • Net gearing was 0.48x at end-2018 vs 0.46x at end-2017 196 0 FY 2017 FY 2018 15.0 cts/share
Slide 4: Offshore & Marine
Offshore & Marine LNG vessels at Keppel Shipyard, Singapore
Slide 5: Offshore & Marine Key highlights
Offshore & Marine Key highlights Net profit • FY 2018 net loss including RIDs down 47%ii yoy S$39m FY 2017 FY 2018 8 • Made S$167m additional 0 (117) provision for losses on semis for 4Q 2018 net profit excluding RIDs (205) Sete and S$32m impairments on (109) (2) other assets in 4Q S$m S$6m (619) •
Slide 6: Offshore & Marine Net orderbook
Offshore & Marine Net orderbooki 4.3 3.9 0.3 0.1 0.9 0.7 Secured new contracts of LNG and scrubber projects ~S$1.7b in 2018 worth over S$600m secured in 2018 S$b 2.2 2.1 0.2 • Net orderbook of S$4.3b as at • Received LNTPiii to commence 0.5 end-2018 early conversion works for Gimi 0.7 0.5 0 FLNG End
Slide 7: Property
Property Estella Place, Ho Chi Minh City, Vietnam 7
Slide 8: Property
Property Net profit • Completed 7 acquisitions totalling ~S$0.8b in 2018 938 • Including residential sites 67 in China & Indonesia, and 650 278 increased stakes in Saigon 67 1 Sports City and a Singapore Property FY 2018 net profit up 44% yoy 213 retail mall S$m 611 Supported by en bloc sales and di
Slide 9: Property: Home sales and landbank
Property Home sales 5,480 - 265 380 Residential landbank of about Commercial portfolio with total 4,440 50,000 units GFA of 1.5 million sm 1,110 780 350 160 • Sold 4,440 units in 2018, with total • 60% of commercial GFA under Units 910 sales value of ~S$1.8b development 3,725 • Sold 5 development pr
Slide 10: Capturing Opportunities in China
Capturing Opportunities in China Focused on long-term growth Acquired sites in markets with robust supply-demand dynamics 3 regions + 1 city Home supply absorption ratei (end-2018) Estimated Jing-Jin-Ji City absorption rate Population: 90 million (months) GDP: US$1,100b Nanjing 5.2 Yangtze River Del
Slide 11: Infrastructure
Infrastructure Artist’s impression of IndoKeppel Data Centre 1 in Bogor, Indonesia
Slide 12: Infrastructure
Infrastructure Net Profit • Secured S$180m contracts in 2018 for energy & environmental 169 infrastructure 76 • KMEDPi over 80% completed; 134 10 HKIWMFii design & engineering 15 on track S$m FY 2018 net profit up 26% yoy 109 117 • Keppel Electric growing clientele Supported by higher contributions
Slide 13: Expanding data centre portfolio
Infrastructure Expanding data centre portfolio Net lettable area (sq ft) 22 data centres 1.7 mil Spanning 14 cities in Asia-Pacific & Europe 1.4 mil 1.4 mil 0.9 mil ~S$2.7b 0.6 mil Combined portfolio valuei of data centres completed and under development 2014 2015 2016 2017 2018 i Includes estimated
Slide 14: Investments
Investments Maitland Promenade I office property in Orlando, Florida, U.S.
Slide 15: Investments
Investments Net profit • Keppel Capital announced acquisitions of over S$2.0b and 238 closed AAMTFii III at US$1.1b 97 46 • Keppel Urban Solutions entered S$m 120 MOU to develop smart IoT city in 21 48 Wuxi, China 22 FY 2018 net loss due mainly to share of 0 73 56 losses from KrisEnergy and impairme
Slide 16: Pursuing Growth Opportunities
Pursuing Growth Opportunities LNG solutions Connectivity Renewable energy Smart sustainable cities Senior living 16
Slide 17: Forward-looking statements notice
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 industry and economic conditions, competition, and legal, governmental and regulatory