Keppel Ltd. · SGX:BN4
Keppel — Keppel Capital — Singapore REITs Symposium 2020
23 slides from Keppel's conference presentation, Sep 19, 2020
Slide 1: Singapore REITs Symposium 19 September 2020
Trusted Investment Partner. Delivering Sustainable Returns. Singapore REITs Symposium 19 September 2020 Ang Sock Cheng Chief Financial Officer
Slide 2: Content Outline
Content Outline Our Commitment ENVIRONMENTAL STEWARDSHIP 3 Keppel Capital: An Integrated We will do our part to combat climate Asset Management Platform change and are committed to improving resource efficiency and reducing our environmental impact. 4 Overview of Keppel Capital RESPONSIBLE BUSINESS
Slide 3: Keppel Capital: An Integrated Asset Management Platform
Keppel Capital: An Integrated Asset Management Platform Private Fund Managers SGX-Listed REITs and Business Trust Private equity manager Private equity fund One of the largest Asia’s first pure-play US REIT with office The largest diversified US REIT with focusing on alternative manager with Pan-Asi
Slide 4: Global Capabilities. Local Agility.
Global Capabilities. Local Agility. Diversified portfolio of real estate, infrastructure and Assets under Management data centre assets in over 30 cities across key global markets S$33b as at end-2019 Bench Strength > 200 Professionals London Dublin Almere Frankfurt Seattle Salt Lake City Denver Mil
Slide 5: Delivering Sustainable Returns: Platforms for Growth
Delivering Sustainable Returns: Platforms for Growth ▪ Expanded into the US with the listing of ▪ Completed ~S$8.4b in acquisitions and ▪ Successfully closed the US$1.1b Keppel Pacific Oak US REIT (KORE) divestments; and raised equity and AAMTF III ▪ Quality acquisitions totalling ~S$670m in debt of
Slide 6: Introducing Our REITs and Trust
Introducing Our REITs and Trust 6
Slide 7: Pan-Asian REIT with premium office portfolio
Pan-Asian REIT with premium office portfolio
Slide 8: Sustainable and Resilient Pan-Asian Portfolio
Sustainable and Resilient Pan-Asian Portfolio 98.6% Strong committed occupancy of Grade A commercial portfolio Marina Bay One Raffles Ocean Financial Financial Centre Quay Centre 4.6 years Long weighted average lease expiry Green Awards BCA Green Mark Platinum award for all Singapore assets; 5 Stars
Slide 9: Ongoing Portfolio Optimisation to Improve Income Resilience and Portfolio Yield
Ongoing Portfolio Optimisation to Improve Income Resilience and Portfolio Yield AUM by Geography Diversified $8.2b portfolio across key business districts of (Post-Acquisition of Pinnacle Office Park) 3.6% Singapore, Australia and South Korea enhances income 19.4% diversification and long-term stabi
Slide 10: 1H 2020 Key Highlights
1H 2020 Key Highlights Distribution per Unit High Portfolio Committed Occupancy 2.80 cents Up 0.7% year-on-year 98.6% as at 30 June 2020 All-in Interest Rate Practical Completion of 2.48% p.a. Development Down from 2.86% year-on-year 311 Spencer Commencement of the 30-year lease for Victoria Police’
Slide 11: First pure-play data centre REIT listed in Asia on SGX
First pure-play data centre REIT listed in Asia on SGX
Slide 12: Achieving Growth through DPU-accretive Acquisitions
Achieving Growth through DPU-accretive Acquisitions Keppel DC Dublin 1 Keppel DC Remaining 999- Kelsterbach Intellicentre Singapore 4 year leasehold Data Centre land interest 3 East Data DC1 Keppel DC Centre maincubes Singapore 5 Keppel DC Data Centre Keppel DC Dublin 2 Cardiff Milan Singapore 3 Int
Slide 13: 1H 2020 Highlights
1H 2020 Highlights Steady growth in DPU Resilient income stream Financial flexibility Adjusted DPU (cents) High portfolio occupancy Low aggregate leverage4 8.000 7.7103 7.000 6.510 6.6801 6.9702 7.320 96.1% 34.5% 6.000 as at 30 Jun 2020 as at 30 Jun 2020 5.000 4.375 Long portfolio WALE High interest
Slide 14: Resilient Asset Class that Supports the Digital Economy
Resilient Asset Class that Supports the Digital Economy ▪ COVID-19 a catalyst to go digital, and some of these online behaviours are expected to continue post-pandemic1 ▪ Expect higher data traffic as enterprises adopt cloud solutions and ensure adequacy of collaboration platforms and videoconferenc
Slide 15: Distinctive US office REIT focused on key growth markets
Distinctive US office REIT focused on key growth markets driven by innovation and technology Tenant lounge The Westpark Portfolio Seattle, Washington
Slide 16: First Choice Submarkets in Key Growth Markets
First Choice Submarkets in Key Growth Markets SEATTLE, Washington ATLANTA, Georgia Focused on key growth markets with positive economic and office Powers Ferry Northridge fundamentals that generally The Plaza Bellevue Technology The Westpark Buildings Center Portfolio Occupancy: 93.8% Center I & II
Slide 17: 1H 2020 Key Highlights
1H 2020 Key Highlights Distributable Portfolio Income Committed Occupancy US$29.1m 94.3% 17.6% growth y-o-y Distribution per Unit Strong Rental Reversion 3.10 US cents +14.7% 3.3% growth y-o-y Great Hills Plaza, Austin, Texas • Income resilience supported by Annualised Low low tenant concentration a
Slide 18: Largest diversified Business Trust listed in Singapore
Largest diversified Business Trust listed in Singapore
Slide 19: Overview of KIT
Overview of KIT $5 billion 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 Strategic businesses and assets • City Gas with potential for long-term All business and •
Slide 20: 1H 2020 Key Highlights
1H 2020 Key Highlights All businesses and assets are classified as essential services No operational disruption throughout lockdowns; business continuity measures were implemented to ensure health & safety of staff Resilient Distributable Cash Flows $62.2m 2Q 2020 DCF of $62.2m, bringing 1H 2020 DCF
Slide 21: Strong investment track record with value creation along the entire value chain
Strong investment track record Fiduciary mindset Global mindset with value creation along with strong compliance and with local execution the entire value chain governance practices - Led by a team of industry veterans - Expertise and proven capabilities in - Socially responsible fund manager with i
Slide 22: Keppel Capital: Trusted Investment Partner
Keppel Capital: Trusted Investment Partner VISION To be the best-in-class asset manager, serving as the trusted partner for our investors. MISSION Guided by our operating principles and core values, we will create value for our investors through harnessing the strengths of the Keppel Group to build
Slide 23: Thank You
Thank You DISCLAIMER: The materials herein are published solely for informational purposes and may not be published, circulated, reproduced or distributed in whole or in part to any other person without our written consent. No guarantee, representation or warranty, either expressed or implied, is pr