Keppel Infrastructure Trust · SGX:A7RU
Keppel Infrastructure Trust — Q3 2021 Earnings Presentation
20 slides from Keppel Infrastructure Trust's earnings presentation, Oct 27, 2021
Slide 1: 3Q 2021 Operational Updates
3Q 2021 Operational Updates 27 October 2021
Slide 2: Outline
Outline 3Q and 9M 2021 Highlights 3 Business Updates 5 Finance and Capital Management 9 Commitment to ESG Excellence 13 Additional Information 17 Constituent of: Awards and Accreditations: MSCI Singapore FTSE ST Large Small Cap Index & Mid-Cap Index 2
Slide 3: 3Q and 9M 2021 Highlights
3Q and 9M 2021 Highlights Ixom
Slide 4: 3Q and 9M 2021 Highlights
3Q and 9M 2021 Highlights ▪ Stable performance 9M EBITDA 9M FCFE Low gearing ̶ Operations remained stable at Ixom and City Gas, while Basslink S$295.3m1 S$145.4m 30.3% 3.8% higher than S$284.5m 8.3% lower than S$158.5m Comfortable debt headroom achieved 99.8% availability in 9M 2020 in 9M 2020 to pu
Slide 5: Business Updates
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Slide 6: Distribution & Network
Distribution & Network Operational Cash Flows (OCF) (S$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% as
Slide 7: 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 8: Portfolio Breakdown
Portfolio Breakdown By Businesses and Assets (%) By Geography (%) As at 30 Sep 2021 As at 30 Sep 2021 20.0 Waste 12.0 & Water 7.6 41.8 54.2 S$5.1 billion 16.6 Distribution S$5.1 billion 14.6 & Network Energy 4.0 25.2 4.0 City Gas Singapore Basslink Ixom Philippines Philippine Coastal Australia, New
Slide 9: Finance and Capital Management
Finance and Capital Management SingSpring Desalination Plant
Slide 10: Free Cash Flow to Equity
Free Cash Flow to Equity 3Q 2021 3Q 2020 +/(-) 9M 2021 9M 2020 +/(-) S$’000 S$’000 % S$’000 S$’000 % Distribution & Network 28,124 22,982 22.4 90,332 91,419 (1.2) City Gas 10,321 9,826 5.0 30,044 38,837 (22.6) Ixom 16,340 13,156 24.2 55,063 52,582 4.7 Philippine Coastal 1,463 - >100.0 5,225 - >100.0
Slide 11: Balance Sheet
Balance Sheet Balance Sheet (S$’m) As at 30 Sep 2021 As at 31 Dec 2020 Cash 599 581 Borrowings 2,139 2,161 Net debt 1,540 1,580 Total assets 5,077 4,930 Total liabilities 3,407 3,435 Annualised Group EBITDA 3941,2 3763 Net gearing 30.3% 32.1% Net debt / EBITDA 3.9x 4.2x 1. Excludes one-off acquisiti
Slide 12: Capital Management
Capital Management Debt Repayment Profile Debt Breakdown by Currency ▪ Issued S$600m perpetual securities > 5 yr < 1 yr 16.3% (classified as equity) as part of the S$2b 33.9% Multicurrency Debt Issuance A$: 53.2% S$: 46.8% Programme to refinance borrowings, S$2.1b S$2.1b fund potential acquisitions
Slide 13: Commitment to ESG Excellence
Commitment to ESG Excellence SingSpring Desalination Plant
Slide 14: 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 15: 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 16: Thank You
Thank You www.kepinfratrust.com Connect with us on: City Gas
Slide 17: Additional Information
Additional Information Tuas WTE Plant
Slide 18: 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 19: Portfolio Overview
Portfolio Overview Description Customer and contract terms Primary source of cash flows City Gas Fixed margin per unit of gas sold, Sole producer and retailer of piped town Over 860,000 commercial and residential with fuel and electricity costs passed Singapore gas customers through to consumer Dist
Slide 20: 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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