Keppel Infrastructure Trust · SGX:A7RU
Keppel Infrastructure Trust — SGX-Korea Investment & Securities Virtual Conference 2021
21 slides from Keppel Infrastructure Trust's conference presentation, Nov 18, 2021
Slide 1: SGX-Korea Investment & Securities Virtual Conference
SGX-Korea Investment & Securities Virtual Conference 18 November 2021
Slide 2: Outline
Outline Overview of KIT 3 Operational Updates 7 Commitment to ESG Excellence 14 Additional Information 18 Constituent of: Awards and Accreditations: MSCI Singapore FTSE ST Large Small Cap Index & Mid-Cap Index 2
Slide 3: Overview of KIT
KEPPEL INFRASTRUCTURE TRUST
Slide 4: KIT: Largest Singapore-listed Diversified Business Trust
KIT: Largest Singapore-listed Diversified Business Trust ▪ The largest diversified Business Trust listed in Singapore with a portfolio of strategic businesses and assets that provide essential products and services ▪ Long-term growth and sustainable cash flows supported by defensive evergreen busine
Slide 5: Geographical Presence
Geographical Presence ENERGY Assets under Management WASTE & WATER as at 30 Sep 2021 S$4.2b * 5 * Excludes Basslink, which is in voluntary administration
Slide 6: Portfolio Breakdown
Portfolio Breakdown By Businesses and Assets (%) By Geography (%) As at 30 Sep 2021 As at 30 Sep 2021 24.1 14.4 30.2 Waste & Water 9.1 S$4.2 billion* S$4.2 billion* 65.0 4.8 30.2 Distribution 17.4 & Network Energy 4.8 City Gas Ixom Singapore Philippine Coastal KMC Philippines Waste & Water Trust ass
Slide 7: Operational Updates
Operational Updates Ixom
Slide 8: Operational Highlights
Operational Highlights ▪ Stable performance for 3Q and 9M 2021 9M EBITDA 9M FCFE Low gearing ̶ Operations remained stable at Ixom and City Gas S$239.7m1,2 S$145.4m 22.7%1 Compared to S$243.8m1 8.3% lower than S$158.5m Comfortable debt ̶ Increased utilisation rate at Philippine in 9M 2020 in 9M 2020
Slide 9: Distribution & Network
Distribution & Network Operational Cash Flows (OCF) (S$m)* 91.4 90.3 9M 2020 9M 2021 Philippine Coastal City Gas Ixom Philippine Coastal City Gas City Gas Philippine Coastal ▪ Customer base grew 1% YoY to 873,000 as at end-Sep ▪ Utilisation rate improved from 66.4% as at end-Jun 2021 to 2021 75.4% a
Slide 10: Energy and Waste & Water
Energy and Waste & Water Operational Cash Flows (OCF) Energy (S$m) Waste & Water 54.1 53.8 34.1 34.2 9M 2020 9M 2021 9M 2020 9M 2021 Keppel Merlimau Cogen Plant Senoko and Tuas WTE Plants, Ulu Pandan NEWater ▪ Achieved 99.9% contracted availability in 9M 2021 Plant and SingSpring Desalination Plant
Slide 11: Free Cash Flow to Equity
Free Cash Flow to Equity 3Q 2021 3Q 2020 +/(-) 9M 2021 9M 2020 +/(-) S$’000 S$’000 % S$’000 S$’000 % Distribution & Network 28,124 22,982 22.4 90,332 91,419 (1.2) City Gas 10,321 9,826 5.0 30,044 38,837 (22.6) Ixom 16,340 13,156 24.2 55,063 52,582 4.7 Philippine Coastal 1,463 - >100.0 5,225 - >100.0
Slide 12: Balance Sheet
Balance Sheet Balance Sheet (S$’m) As at 30 Sep 2021 As at 31 Dec 2020 Total Excl. Basslink Cash 599 561 581 Borrowings 2,139 1,523 2,161 Net debt 1,540 962 1,580 Total assets 5,077 4,237 4,930 Total liabilities 3,407 2,505 3,435 Annualised Group 3941,2 320 3763 EBITDA Net gearing 30.3% 22.7% 32.1%
Slide 13: Capital Management
Capital Management 1 Debt Repayment Profile 1 Debt Breakdown by Currency ▪ Issued S$600m perpetual securities > 5 yr < 1 yr 7.3% (classified as equity) as part of the 22.9% A$: 34.4% S$2b Multicurrency Debt Issuance Programme to refinance borrowings, S$1.5b S$1.5b fund potential acquisitions and ass
Slide 14: Commitment to ESG Excellence
Commitment to ESG Excellence SingSpring Desalination Plant
Slide 15: Sustainability Framework
Sustainability Framework Environmental Stewardship We will do our part to combat climate change, and are committed to improving Responsible Business resources efficiency and reducing The long-term sustainability of our business is environmental impact driven at the highest level of the organization
Slide 16: Commitment to ESG Excellence
Commitment to ESG Excellence Environmental Stewardship Responsible Business People and Community Board Gender Diversity Owns two WTE plants with a Provide a fair and inclusive combined capacity to treat Female: work environment that drive approx. 40% of Singapore’s 33.3% innovation and business inci
Slide 17: Thank You
Thank You www.kepinfratrust.com Connect with us on: City Gas
Slide 18: Additional Information
Additional Information Tuas WTE Plant
Slide 19: Driving Sustainable Growth
Driving Sustainable Growth KIT’s strategic goal is to deliver sustainable returns to its Unitholders, through a combination of recurring distributions and capital growth over the long term Anchored By a growing portfolio of strategic businesses and assets across a broad range of highly defensive ind
Slide 20: Portfolio Overview
Portfolio Overview Description Customer and contract terms Primary source of cash flows City Gas Fixed margin per unit of gas sold, Distribution & Network Sole producer and retailer of piped town Over 860,000 commercial and residential with fuel and electricity costs passed Singapore gas customers t
Slide 21: Important Notice
Important Notice The information contained in this presentation is for information purposes only and does not constitute or form part of, and should not be construed as, any offer or invitation to sell or issue or any solicitation of any offer or invitation to purchase or subscribe for any units (“U
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