Keppel Dc Reit · SGX:AJBU
Keppel Dc Reit — FY2025 Earnings Presentation
27 slides from Keppel Dc Reit's earnings presentation, Jan 30, 2026
Slide 1: Second Half and Full Year 2025 Financial Results
Second Half and Full Year 2025 Financial Results 30 January 2026
Slide 2: Outline
Outline 1. Key Highlights 4. Portfolio Updates 2. Financial Updates 5. Outlook 3. Capital Management 6. Additional Information Constituent of: Awards and Certifications: 1 FTSE Straits FTSE EPRA MSCI Singapore GPR 250 Image.png 2 Times Index Nareit Global Small Cap Index Index Series Developed Index
Slide 3: Key Highlights
Ol Key Highlights Gt} DC REIT
Slide 4: FY 2025 Key Highlights
FY 2025 Key Highlights Creating Unitholder Value Strategic Portfolio Optimisation Positioning for Future Growth Distributable Income ($’000)1 +26% 268,051 y-o-y -30bps y-o-y 172,733 ~$6.3b 3.0% FY 2024 FY 2025 Assets under Management3 Cost of Debt5 ~$531m Distribution Per Unit (cents)2 40.0% debt he
Slide 5: Advancing a Hyperscale-focused Strategy
Advancing a Hyperscale-focused Strategy Acquisitions Divestments Market ~$1.1b ~$0.2b Recognition • Tokyo Data Centre 3, Japan • Kelsterbach Data Centre, • Inclusion in Straits Times Index Germany • Remaining interests in Keppel DC • Joint winner of Singapore Corporate Governance Singapore 3, 4, 7 &
Slide 6: Financial Updates
_ 02 Financial Updates iGy):y3 | DC REIT
Slide 7: Strong Financial Performance
Strong Financial Performance Y-o-Y Comparison H-o-H Comparison FY 2025 vs FY 2024 FY FY % 2H 2H % ($’000) 2025 2024 Change 2025 2024 Change • Higher net property income mainly due to: i. acquisitions of Keppel DC Singapore 7 & 8 Gross Revenue 441,362 310,287 +42.2 230,053 153,107 +50.3 and Tokyo Dat
Slide 8: Distribution Details
Distribution Details Distribution For the period from 1 Jul 2025 to 31 Dec 2025 DPU1 5.248 cents Ex-distribution Date 6 Feb 2026 Record Date 9 Feb 2026 Payment Date 19 Mar 2026 1. Computed based on DI after setting aside for both Capex Reserves and ULP Reserves. © Keppel DC REIT 8
Slide 9: Capital Management
_ 03 Capital Management Gt} DC REIT
Slide 10: Agile Capital Management
Agile Capital Management Key Metrics As at 31 Dec 2025 Change from 30 Sep 2025 Due to debt drawdowns for acquisition of Tokyo Data Centre 3 and payment for Aggregate Leverage1 35.3% Increased 550 bps Keppel DC Singapore 7 & 8’s 10-year lease extension consideration 2.8% (4Q 2025) Due to drawdown of
Slide 11: Favourable Debt Profile
Favourable Debt Profile Proportion of Fixed to Floating Debt as at 31 Dec 2025 Floating, SGD, Debt Maturity Profile 3.8% 14.9% Fixed, 71.2% Floating, EUR, 11.3% 15.4% Debt Floating, JPY, 2.6% 2.9% 1.4% 9.9% 2.6% 4.5% 1.1% 2.0% 5.5% 2.1% 3.1% 5.8% 4.4% • A decline of 25 bps in interest rates will 8.4
Slide 12: Portfolio Updates
04 Portfolio Updates iGy):y3 | DC REIT
Slide 13: Growth in Data Centre Portfolio Valuation
Growth in Data Centre Portfolio Valuation 31 Dec 2025 31 Dec 2024 Portfolio Value 1 1 Location No. of Valuation No. of Valuation S$6,066.3m Properties (S$’m) Properties (S$’m) (2024: S$4,831.5m) Asia Pacific 2 15 5,093.0 14 3,867.8 +25.6% with acquisitions; Singapore 3 8 3,790.2 8 3,179.0 +3.7% on s
Slide 14: Value Creation through Portfolio Optimisation
Value Creation through Portfolio Optimisation as at 31 Dec 2025 High Portfolio Occupancy 1 Healthy Portfolio WALE 2 FY 2025 Portfolio Reversion3 95.8% 6.7 years ~45% Keppel DC Singapore 3 Keppel DC Singapore 4 Building Resilience, Ongoing Optimisation, Scaling for Growth • ~2% portfolio reversion fo
Slide 15: Portfolio Contract Types and Expiries
Portfolio Contract Types and Expiries as at 31 Dec 2025 WALE1 & 2 Portfolio Contract Type % of Rental Income2 (years) Fully-fitted (Colocation) 3.2 72.7% Fully-fitted (Single Tenant) 9.6 21.2% Shell and Core 6.1 6.1% Portfolio Contract Expiries 53.6% Portfolio Contract Expiries (By Lettable Area) (B
Slide 16: Diversified Global Client Base
Diversified Global Client Base Rental Income by Trade Sector1 Top 10 Clients3 Trade Sector Rental Income1 4 5 42.1% Fortune 1 . Global 500 Company (Hyperscaler) Internet Enterprise 0 3 .% Fortune Global 500 Company (Hyperscaler) Internet Enterprise 9.6% 2 6 % . 1 8.4% Internet Fortune 5 % Global 500
Slide 17: Outlook
iG) °y-1) DC REIT
Slide 18: Growth Powered by Cloud and AI Adoption
Growth Powered by Cloud and AI Adoption Slowing macro Global market tightening Artificial Intelligence (AI) as a environment as demand outpaces supply3 structural demand engine 120 • Global GDP growth • AI inference demand to reach 37% by expected to slow to 2.6% 2030 (from 9% today), pushing edge G
Slide 19: 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 20: Additional Information
06 Additional Information 20
Slide 21: Diversified Global Portfolio with Strong Asia Pacific Presence
Diversified Global Portfolio with Strong Asia Pacific Presence Keppel DC REIT Assets under Management ~$6.3b1 25 data centres across 10 countries Asset Under Management Breakdown1 Asia Pacific 84.5% Europe 15.5% Singapore 62.4% Germany 2.9% Australia 4.1% Ireland 5.4% China 3.7% Italy 1.0% Japan 14.
Slide 22: Portfolio Overview (as at 31 Dec 2025)
Portfolio Overview (as at 31 Dec 2025) Attributable Attributable Land Lease No. of Occupancy WALE Completion / Interest Lettable Area Gross Valuation3 Lease Type Land Lease Title Remaining Clients1 Rate (%) (Years)4 Last Refurbishment (sq ft) Revenue2 (Years) Asia Pacific Keppel DC Singapore 1, Kepp
Slide 23: Portfolio Overview (as at 31 Dec 2025)
Portfolio Overview (as at 31 Dec 2025) Attributable Attributable Land Lease No. of Occupancy WALE Completion / Interest Lettable Area Gross Valuation3 Lease Type Land Lease Title Remaining Clients1 Rate (%) (Years)4 Last Refurbishment (sq ft) Revenue2 (Years) Europe maincubes Data Centre, € 119.5m F
Slide 24: Overview of Contractual Arrangements
Overview of Contractual Arrangements Responsibilities of Owner Insurance Maintena Property Contractual Building Refresh Asia Pacific Description Capex Arrangement Opex Tax nce Keppel DC Singapore 1 to 5, Keppel lease1 / • Client: Pays rent ✓ ✓ ✓ ✓ 7&8 Fully-fitted (Colocation) 2 • Owner: Bears all e
Slide 25: Overview of Contractual Arrangements
Overview of Contractual Arrangements Responsibilities of Owner Maintenance Contractual Europe Description Insurance Arrangement Property Building Refresh Capex Opex Tax Fully-fitted (Single Tenant) maincubes Data Centre • Client: Pays rent and all outgoings; responsible for facilities management - -
Slide 26: 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 fully-fitted (colocation) assets by 2030 contri
Slide 27: Keppel DC REIT Structure (as at 31 Dec 2025)
Keppel DC REIT Structure (as at 31 Dec 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