Slide 1: 1Q 2024 Business Update
1Q 2024 Business Update 25 April 2024
Slide 2: 1Q24 performance update
1Q24 performance update Net profit was higher yoyi, excluding Revenue was $1.5b, comparable to effects of legacy O&M assetsii, bolstered by $1.6b for 1Q23i stronger Infrastructure and Connectivity performance Including effects of legacy O&M assets, net Net gearing was 0.90x as at end-Mar 2024, uncha
Slide 3: Growing momentum in fund management and investments
Growing momentum in fund management and investments Received last clearance required from European regulator to close strategic acquisition of initial 50% stake in Aermont Capital S.à.r.l.; completion targeted by end-Apr 2024. Asset management feesi in 1Q24 $88m 11 $88m $58m 40 10 52% higher yoy, dr
Slide 4: Fueling organic growth through flagship funds
Fueling organic growth through flagship funds Presently, we have 19 active private funds and plan to launch 3 new funds for data centres, education assets and private credit in 2024. Providing investors with diverse fund products and strategies Core Asia Sustainable Education Private Credit Data Cen
Slide 5: Robust operating platform
Robust operating platform Expanding energy portfolio and long-term contracts Building traction for digital infrastructure and solutions • Hydrogen-ready Keppel Sakra Cogen Plant was 51% completed as at end-Mar 2024 • Keppel DC Singapore 8 fully leased out; Shanghai Data Centre achieved RFS in 1Q24 •
Slide 6: Driving capital-efficient growth through asset-light model
Driving capital-efficient growth through asset-light model Focused on achieving $10-$12b in asset monetisation by end-2026 Asset monetisation announced since Oct 2020 >$5.5b Includes ~$170m in YTD 2024, mainly from the proposed divestment of a residential project in Wuxi, Chinai Cash payment receive
Slide 7: Established track record as an asset manager and operator
With an established track record as an asset manager and the deep domain knowledge of an operator, Keppel is a preferred partner to our LPs. As we grow our recurring income and achieve our FUM and monetisation targets, Keppel aims to continue delivering superior returns to our shareholders. 7
Slide 8: Appendix
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Slide 9: Infrastructure Division updates
Infrastructure Division updates Energy portfolioi Robust portfolio mixii Long-term solutions & services 60% of our contracted generation $4.8b of solutions and services capacity was locked in for 3 years to be delivered over 10-15 years, and above as at end-Mar 2024 building up steady cashflows Rene
Slide 10: Real Estate Division updates
Real Estate Division updates As at 31 Mar 2024 Residential landbank Commercial portfolio Location Units % Location GFA (sm) % Singapore 162 1% Singapore 87,510 6% China 536,340 36% China 16,281 44% Vietnam 401,210 27% Vietnam 8,227 22% Indonesia 153,800 10% Indonesia 7,145 19% India 174,030 12% Sout
Slide 11: Data Centres & Networks Division updates
Data Centres & Networks Division updates As at 31 Mar 2024 Data centre portfolio Owned by Keppel DC REIT Owned by Keppel & private funds Geographical presence Asia Pacific, Europe Asia Pacific, Europe No of assets 23 8 Attributable lettable area 3,065,989 sq ft 1,500,900 sq ft Valuation $3.6b $1.3b
Slide 12: M1 updates
M1 updates Revenue Customers 1Q23 1Q24 31 Mar 2023 31 Mar 2024 ($’m) (‘000) Postpaid 1,909 1,943 Consumeri 188 177 Prepaid 353 326 Enterprise 107 125 Fibre broadband 239 241 TOTAL 295 302 TOTAL 2,501 2,511 i Includes corporate mobile plans and handset sale. Lower consumer revenue was due to both low
Slide 13: Vision 2030 asset monetisation
Vision 2030 asset monetisation Announced since the start of asset Value monetisation programme in Oct 2020 Asset Country unlocked Period Value unlocked ($m) ($m) 2020 1,238.4 50 million Dyna-Mac warrants Singapore 4.3 2021 1,666.2 25% stake in a joint venture that provides O&M services to the China
Slide 14: Disclaimer
Disclaimer NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION. THIS PRESENTATION SHALL NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL, SUBSCR