Keppel REIT · SGX:K71U
Keppel REIT — Q1 2014 Earnings Presentation
32 slides from Keppel REIT's earnings presentation, Apr 14, 2014
Slide 1: First Quarter 2014 Financial Results
\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ ///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// First Quarter 2014 Financial Results 14 April 2014
Slide 2: Important Notice
Important Notice \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ ///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// The past performance of Keppel REIT is not necessarily
Slide 3: Keppel REIT
Keppel REIT \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ ///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// Portfolio of ten quality commercial Grade A office 1 asset
Slide 4: Premium Office Buildings located in the Prime CBDs of Singapore and Australia
Premium Office Buildings located in the Prime CBDs of Singapore and Australia \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ Singapore Properties /////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
Slide 5: 1. Key Highlights
1. Key Highlights \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ ///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// Ocean Financial Centre Singapore 5
Slide 6: 1Q 2014 Key Financial Highlights
1Q 2014 Key Financial Highlights \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ ///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// Net Property Income » Ï 14.7% y-o-y t
Slide 7: 1Q 2014 Key Capital Management Highlights
1Q 2014 Key Capital Management Highlights \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ ///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// Weighted Average Term to Mat
Slide 8: 1Q 2014 Key Portfolio Highlights
1Q 2014 Key Portfolio Highlights \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ ///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// Singapore Portfolio Occupancy » Singa
Slide 9: 1Q 2014 Key Portfolio Highlights
1Q 2014 Key Portfolio Highlights \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ ///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// Ocean Colours Fully Occupied and Oper
Slide 10: 1Q 2014 Key Portfolio Highlights
1Q 2014 Key Portfolio Highlights \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ ///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// 8 Chifley Square, Sydney » Ï committe
Slide 11: 1Q 2014 Key Portfolio Highlights
1Q 2014 Key Portfolio Highlights \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ ///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// Office Tower at the Old Treasury Buil
Slide 12: 2. Financial Highlights
2. Financial Highlights \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ ///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// Guinness Bugis Marina Bay Junction Book of Fin
Slide 13: Distributable income up 5.5% y-o-y to $55.1 mil
Distributable income Ï 5.5% y-o-y to $55.1 mil \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ ///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// 1Q 2014 1Q 2013 Change Pr
Slide 14: Balance Sheet
Balance Sheet \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ ///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// As at 31 Mar 2014 As at 31 Dec 2013 Non-current Assets $
Slide 15: 1Q 2014 Distribution Per Unit
1Q 2014 Distribution Per Unit \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ ///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// Distribution Per Unit (DPU) 1.97 cents D
Slide 16: 3. Capital Management
3. Capital Management \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ ///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// One Raffles Quay Singapore 16
Slide 17: Capital Management
Capital Management \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ ///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// » Weighted average term to maturity Ï to 3.9 years q-
Slide 18: Capital Management
Capital Management \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ ///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// As at 31 Mar 2014 Gross Borrowings $3,060 m Aggregate
Slide 19: 4. Portfolio Analysis
4. Portfolio Analysis \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ ///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// Marina Bay Financial Centre Singapore 19
Slide 20: Singapore Portfolio 100% Committed
Singapore Portfolio 100% Committed \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ ///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// » Sustained strong portfolio committe
Slide 21: Keppel REIT Historical Occupancy
Keppel REIT Historical Occupancy \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ ///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// » Keppel REIT portfolio occupancy has s
Slide 22: Portfolio WALE
Lease Portfolio \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ ///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// » Top ten tenants, accounting for 43% of portfolio NLA,
Slide 23: Lease Expiry Profile
Lease Expiry Profile \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ ///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// » Leases renewed and newly committed in 1Q 2014 wer
Slide 24: Tenants Diversified across Various Business Sectors
Tenants Diversified across Various Business Sectors \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ ///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// Retail (Exclude F&B
Slide 25: Tenant Base
Tenant Base \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ ///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// » Top ten tenants account for approximately 43% of portfolio
Slide 26: 5. Market Review and Outlook
5. Market Review and Outlook \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ ///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// 8 Chifley Square Sydney 26
Slide 27: Office Market – Singapore
Office Market – Singapore \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ ///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// » Island-wide absorption for 1Q 2014 was appro
Slide 28: Singapore
Singapore \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ ///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// » Singapore’s economy is projected to expand by 3.9% this year
Slide 29: Australia
Australia \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ ///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// » The Australia economy grew by 2.8% for 2013 » Recent release
Slide 30: 6. Additional Information
6. Additional Information \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ ///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// Prudential Tower Singapore 30
Slide 31: Portfolio Information
Portfolio Information \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ ///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// » AUM of more than $7.2 billion as at 31 March 201
Slide 32: Portfolio Information
Portfolio Information \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ ///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// Office Tower to be 77 King Street 8 Chifley 8 Exhi