Keppel Infrastructure Trust · SGX:A7RU
Keppel Infrastructure Trust — SGX-KIS Virtual Corporate Day for Korean Investors (April 2021)
23 slides from Keppel Infrastructure Trust's conference presentation, Apr 28, 2021
Slide 1: SGX-KIS Virtual Corporate Day for Korean Investors
SGX-KIS Virtual Corporate Day for Korean Investors 28 April 2021
Slide 2: Outline
Outline 1 Overview 3 2 1Q 2021 Financial Results 10 3 Additional Information 18 2
Slide 3: Overview
Overview Ixom
Slide 4: Overview of KIT
Overview of KIT • The largest diversified Business Trust listed in Singapore with a portfolio of strategic businesses and assets that provide essential products and services • Assets under management of approx. $5.1b1 • Long-term growth and sustainable cash flows supported by defensive evergreen bus
Slide 5: Overview of KIT: Portfolio of strategic businesses and assets
Overview of KIT Portfolio of strategic businesses and assets across a broad range of highly defensive industries that delivers long-term sustainable cash flows to Unitholders Distribution & Network • City Gas Strategic businesses and assets with potential for • Ixom long-term growth supported by fav
Slide 6: Geographical Presence
Geographical Presence ENERGY WASTE & WATER
Slide 7: Well-Diversified Customer Base and Reputable Off-takers
Well-Diversified Customer Base and Reputable Off-takers Customers & Off-takers Highlights More than 870,000 residential, City Gas ✓ Sole producer and retailer of town gas in Singapore commercial and industrial customers ✓ Sole manufacturer and provider of liquefied chlorine in Australia, as well as
Slide 8: Portfolio Breakdown
Portfolio Breakdown By Businesses and Assets (%) By Geography (%) As at 31 Mar 2021 As at 31 Mar 2021 18.7 Waste 11.9 & Water 8.1 53.3 $5.1 billion1 17.4 Distribution 46.7 $5.1 billion1 14.6 & Network Energy 3.9 25.4 City Gas Basslink Ixom Philippine Coastal Singapore KMC Waste & Water Australia, Ne
Slide 9: FY 2020 Key Highlights
FY 2020 Key Highlights Free Cash Flow to Equity (FCFE)2 Grew FY 2020 Group EBITDA1 by 17.4% YoY and and Payout Ratio free cash flow to equity (FCFE)2 by 19.6% YoY FCFE Payout ($m) Ratio (%) Delivered FY 2020 Group EBITDA and FCFE of 250 $376.0m1 and $225.7m respectively. 225.7 100 200 188.7 Achieved
Slide 10: 1Q 2021 Financial Results
1Q 2021 Financial Results City Gas
Slide 11: Operational Performance
Operational Performance Healthy YoY Growth in Operational Cash Flows KIT continues to deliver resilient cash flows backed by its diversified portfolio of essential businesses and assets Completed the Acquisition of Philippine Coastal1 The strategic addition of Philippine Coastal will strengthen KIT’
Slide 12: Business Updates - Distribution & Network
Business Updates - Distribution & Network City Gas • Customer base grew 0.8% YoY to 870,000 as at end-Mar 2021 • Residential consumption of town gas remains healthy, while town gas volume from Commercial & Industrial customers remains below pre COVID-19 levels • OCF was lower YoY due to under recove
Slide 13: Business Updates - Energy and Waste & Water
Business Updates - Energy and Waste & Water Keppel Merlimau Cogen Plant • Achieved 100% contracted availability • KMC has no tariff exposure to the Singapore wholesale electricity market and has no exposure to fluctuations in fuel oil prices • KMC receives a fee for delivering the availability of th
Slide 14: Free Cash Flow to Equity
Free Cash Flow to Equity 1Q 2021 1Q 2020 +/(-) S$’000 S$’000 % Distribution & Network 37,261 28,207 32.1 City Gas 10,965 11,857 (7.5) Ixom 24,458 16,350 49.6 Philippine Coastal 1,838 - 100.0 Energy 11,059 11,202 (1.3) Waste & Water 18,223 18,138 0.5 Operational Cash Flows 66,543 57,547 15.6 KIT and
Slide 15: Balance Sheet and Capital Management
Balance Sheet and Capital Management Debt Repayment Profile Debt Breakdown by Currency Mar 2021 Dec 2020 ($m) ($m) > 5 yr < 1 yr 18.2% 32.0% Cash 497 581 A$50.3% Borrowings 2,398 2,161 S$49.7% Net debt 1,901 1,580 1-5 yrs Total assets 5,099 4,930 49.8% Amount Maturity/ Total liabilities 3,616 3,435
Slide 16: Three-pronged Growth Strategy
Three-pronged Growth Strategy Value Operational Focused Creation Excellence Acquisition • Generate and grow cash flows • Achieve operational excellence • Seek leading businesses and from KIT’s well-diversified and asset optimisation to extract assets with the following portfolio of businesses and fu
Slide 17: Thank You
Thank You Constituent of: www.kepinfratrust.com MSCI Singapore FTSE ST Large Connect with us on: Small Cap Index & Mid-Cap Index Philippine Coastal
Slide 18: Additional Information
Additional Information Keppel Merlimau Cogen Plant
Slide 19: Driving Growth
Driving Growth Deliver recurring distributions and growth over the long term Anchored By acquiring strategic businesses and assets across a broad range of highly defensive industries Benchmarks High barriers to entry Provider of essential Creditworthy off- Defensive and Jurisdictions with with a dom
Slide 20: Commitment to Sustainability
Commitment to Sustainability ENVIRONMENTAL RESPONSIBLE PEOPLE AND STEWARDSHIP BUSINESS COMMUNITY We will do our part to combat climate The long-term sustainability of our business People are the cornerstone of our business. change and are committed to improving is driven at the highest level of the
Slide 21: Portfolio Overview (1): Distribution & Network
Portfolio Overview (1) Description Customer and contract terms Primary source of cash flows Fixed margin per unit of gas City Gas Sole producer and retailer of Over 870,000 commercial and sold, with fuel and electricity Singapore piped town gas residential customers costs passed through to consumer
Slide 22: Portfolio Overview (2): Energy and Waste & Water
Portfolio Overview (2) Description Customer and contract terms Primary source of cash flows Keppel Capacity Tolling Agreement with Energy Merlimau 1,300MW combined cycle gas Keppel Electric until 2030 with option Fixed payments for meeting Cogen turbine power plant for 10-year extension (land lease
Slide 23: 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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