Keppel Infrastructure Trust · SGX:A7RU
Keppel Infrastructure Trust — Shareholder Meeting (April 2019)
16 slides from Keppel Infrastructure Trust's shareholder meeting presentation, Apr 16, 2019
Slide 1: Annual General Meeting
Annual General Meeting 16 April 2019
Slide 2: Outline
Outline • Key Highlights • Financial Performance • Looking Ahead 2
Slide 3: Key Highlights
Key Highlights Ixom (Laverton)
Slide 4: Diversified Business Trust
Diversified Business Trust Strategic Portfolio of Infrastructure Assets. Over $5 billion in Assets under Management Distribution & Network Energy Waste & Water 4
Slide 5: Key Highlights for FY 2018
Key Highlights for FY 2018 Distributable Cash Distribution per Unit Distribution Yield Strategic Acquisition Flows 3.72 cents 7.7%(1) of Ixom S$141.2 million Stable and resilient Sustainable returns As at 31 December 2018 Enhancing KIT’s long term performance to Unitholders value proposition 5 1. Ba
Slide 6: Scaling to Deliver
Scaling to Deliver February 2019 Distribution and Network June 2015 May 2015 Energy Distribution and Network Keppel Merlimau Cogen DataCentre One City Basslink Gas Waste and Water Pre-Acquisition Post-Acquisition Keppel Senoko SingSpring Keppel Seghers Number of Assets 8 9 Seghers WTE Desalination U
Slide 7: Strategic Acquisition of Ixom
Strategic Acquisition of Ixom 1 A Strong and Stable Infrastructure Business Supported by a large network of well-positioned infrastructure assets 2 A Business with Growth Potential Amongst the leading businesses in the provision of key chemicals for fundamental industries with favourable long-term i
Slide 8: Operational Performance Updates
Operational Performance Updates City Gas
Slide 9: FY 2018 Distributable Cash Flows
FY 2018 Distributable Cash Flows +/(-) (S$’000) FY 2018 FY 2017 % Distribution & Network • City Gas(1) 35,257 40,669 (13.3) • DC One(2) 5,211 3,872 34.6 Energy • KMC 45,141 45,717 (1.3) Waste & Water (3) 71,343 68,448 4.2 Others (4) (15,762) (14,477) 8.9 Total Distributable Cash Flows 141,190 144,22
Slide 10: Distribution and Network
Distribution and Network % Total(1) 53% Assets City Gas, Basslink, DataCentre One, Ixom Business City Gas Updates • Customer base grew by 3.5% YoY to more than 840,000 • Achieved 100% availability Basslink • Basslink continues to vigorously defend itself in the arbitration with the State of Tasmania
Slide 11: Energy; Waste & Water
Energy Waste & Water % Total(1) 28% 19% Asset Keppel Merlimau Cogen Senoko and Tuas WTE Plants, Ulu Pandan and SingSpring Water Plants Business • Achieved contractual • Fulfilled contractual obligations in Updates availability of 98.9% 2018 SingSpring • KIT has increased its monitoring of operationa
Slide 12: Key Highlights for 1Q FY2019
Key Highlights for 1Q FY2019 Distribution per Unit Distributable Cash Flows Completed the Acquisition 0.93 cents(1) S$48.4 million of Ixom Holdco Pty Ltd Stable total DPU of 0.93 cents Increased 33.7% from 1Q 2018 Enhancing KIT’s long term for 1Q 2019 value proposition Distribution Yield Hedged Loan
Slide 13: Regular and Stable Returns
Regular and Stable Returns Stable DPU (S cents) 1Q 2018 2Q 2018 3Q 2018 4Q 2018 1Q 2019(1) 0.093 0.093 0.093 0.093 0.093 Comparative Yields(2) 10.0% 8.0% 8.0% 6.0% 4.6% 4.2% 4.0% 1.9% 2.1% 2.0% 0.0% 5 Yr SG 10 Yr SG STI FTSE ST KIT Govt Govt REIT bond bond Index 1. The Trust has declared two stub di
Slide 14: Looking Ahead
Looking Ahead Ixom
Slide 15: Three-Pronged Growth Strategy
Three-Pronged Growth Strategy Organic Growth from Keppel Acquisition Existing Portfolio Synergy Strategy Solid Stable Base Keppel Capital KIT New Investments • Stable cash flows • Bridge financing • Businesses/assets that generate • Scale and liquidity • Co-investment and incubation long-term, stabl
Slide 16: Thank You
Thank You www.kepinfratrust.com City Gas
Keppel Infrastructure Trust — Shareholder Meeting (April 2019) on 6ix