Keppel Infrastructure Trust · SGX:A7RU
Keppel Infrastructure Trust — Phillip Securities Webinar (December 2022)
29 slides from Keppel Infrastructure Trust's conference presentation, Dec 15, 2022
Slide 1: Phillip Securities Webinar
Phillip Securities Webinar 15 December 2022
Slide 2: Outline
Outline Overview 3 Advancing Sustainability 6 3Q 2022 Highlights 11 Additional Information 21 Constituent of: Awards and Accreditations: MSCI Singapore FTSE ST Large Small Cap Index & Mid-Cap Index 2
Slide 3: Overview
a | EPPEL INFRASTRUCTURE Qa + i 2 an Overview
Slide 4: Largest SGX-listed Diversified Infrastructure Business Trust
Largest SGX-listed Diversified Infrastructure Business Trust Providing exposure to the resilient and growing global infrastructure sector S$6.1b AUM1 12 evergreen businesses 10 mature economies Portfolio of scale providing global and concession assets Focused on investment grade jurisdictions access
Slide 5: Building the Infrastructural Foundation for a Sustainable Future
Building the Infrastructural Foundation for a Sustainable Future Refreshed business segments reinforce focus on sustainability 2 WTE plants with a combined Capable of processing up Utilised 352,000 GJ of capacity to treat approx. 40% of to 16% of desalinated renewable energy in 2021, municipal incin
Slide 6: Advancing Sustainability
Advancing Sustainability Lista, Norway
Slide 7: ESG at the strategy core
ESG at the strategy core Sustainability management is imperative to the continued success of KIT and its ability to create value Committed to achieving operational excellence that is led by our environmental, social and Formed dedicated Set ESG Board Environmental, targets Alignment with the Task Fo
Slide 8: Transformative acquisitions that align with KIT's growth strategy
Transformative acquisitions that align with KIT’s growth strategy Expanding presence to AA and AAA-rated countries in Europe and North Asia 3Q 2022 Jun 2022 Energy Transition and Environmental Services Environmental Services Jun 2022 Environmental Services European Onshore Wind Platform Jun 2022 Ene
Slide 9: Growing the Energy Transition and Environmental Service sectors
Growing the Energy Transition and Environmental Service sectors Accretive acquisitions that support long-term DIPU growth European Onshore Wind Platform BKR2 – German Offshore Wind Farm EMKH – Integrated Waste Platform Description ▪ 258MW operating onshore wind assets in ▪ 465MW operating offshore w
Slide 10: ESG Targets
ESG Targets Drive ESG performance and drive long-term value creation Environmental Stewardship Responsible Business People and Community Asset Quality and Safety: Fulfil contractual obligations and Employee Health and Wellbeing: Maintain zero Climate Change Adaptation: Commit to minimise operational
Slide 11: 3Q 2022 Highlights
3Q 2022 Highlights Philippine Coastal
Slide 12: 9M 2022 Highlights
9M 2022 Highlights Steady portfolio performance driven by robust operations and growth across the portfolio Stronger Portfolio growth Well-insulated portfolio performance and optimisation from inflation Supported by higher contribution from Enlarging footprint with investments in Strongly positioned
Slide 13: Energy Transition
Energy Transition Operational Cash Flows (OCF) (S$m) Ene ▪ Received first distribution from AGPC in 3Q 2022 2% 64.2 rgy 65.2 ▪ Completed 13.4% investment in the European Onshore Wind Platform 8.0 comprising 3 wind farms with 258MW capacity across Sweden and 34.2 Tra Norway nsit 32.9 ▪ City Energy: ̶
Slide 14: Environmental Services
Environmental Services Operational Cash Flows (OCF) (S$m) ▪ Fulfilled contractual obligations and operations remained stable 53.8 4% 55.9 ▪ Signed MOU with Keppel Infrastructure to explore low carbon water solutions at the SingSpring Desalination Plant and the Ulu Pandan NEWater Plant ▪ Higher elect
Slide 15: Distribution & Storage
Distribution & Storage Operational Cash Flows (OCF) (S$m) ▪ Ixom: 3% ̶ Robust performance with healthy demand from all sectors; inorganic 60.3 62.1 growth from bolt-on acquisitions ̶ Growing life science business with the acquisition of Pure Ingredients, a leading distributor of organic and natural
Slide 16: Portfolio Breakdown
Portfolio Breakdown as at 30 Sep 2022 By Businesses and Assets (%) By Geography (%) 19 5 2 Environmental 8 Services, 8% 8 30 Distribution & 2 S$4.6 billion Storage, 35% S$4.6 billion 55 8 30 Energy Transition, 38% 5 15 13 Ixom Philippine Coastal Singapore Australia, New Zealand and other countries C
Slide 17: Distributable Income
Distributable Income 3Q 2022 3Q 2021 +/(-) 9M 2022 9M 2021 +/(-) S$’000 S$’000 % S$’000 S$’000 % Energy Transition 28,494 21,140 34.8 65,245 64,230 1.6 - City Energy 10,496 10,321 1.7 24,264 30,044 (19.2) - Aramco Gas Pipelines Company 8,025 - NM 8,025 - NM - KMC 9,973 10,819 (7.8) 32,956 34,186 (3.
Slide 18: Balance Sheet
Balance Sheet Building a strong balance sheet to support growth plans ▪ Comfortable debt headroom for growth: S$0.5b to 45% net gearing level ▪ Undrawn committed credit facilities: S$211m Net gearing Balance Sheet (S$’m) 30 Sep 2022 31 Dec 2021 33.6% Cash 442 817 Weighted average interest rate Borro
Slide 19: Capital Management
Capital Management Well-diversified debt maturity profile ▪ Secured S$290m of bridge facility in Sep 2022, which will be drawn in 4Q 2022 to partially fund the acquisition of EMK in South Korea ▪ Mitigated impact of currency fluctuations: 67% of foreign distributions hedged 1 ▪ Weighted average term
Slide 20: Thank You
Thank You www.kepinfratrust.com Connect with us on:
Slide 21: Additional Information
ICEPPEL INFRASTRUCTURE TRUST Additional Information
Slide 22: Portfolio Overview as at Sep 2022
Portfolio Overview as at 30 Sep 2022 Description Customer and contract terms Primary source of cash flows Fixed margin per unit of gas sold, Over 860,000 commercial and residential City Energy Sole producer and retailer of piped town gas with fuel and electricity costs passed through customers to co
Slide 23: Diversified Portfolio with Maiden Investment in the Middle East
Diversified Portfolio with Maiden Investment in the Middle East Completed the investment in Aramco Gas Pipelines Company ▪ Part of a global consortium to acquire a 49% stake in Aramco Gas Pipelines Company, which holds a 20-year lease-and-lease-back agreement over the usage rights of Aramco’s gas pi
Slide 24: Making Headway in the Renewable Energy Market in Europe
Making Headway in the Renewable Energy Market in Europe Attractive portfolio of windfarm assets across the Nordics and UK ▪ Jointly investing with KLP, MEAG and Keppel Corp to acquire 49% Initial Portfolio stake in onshore wind platform Lista, Högaliden, Fäbodliden, ▪ Initial Portfolio with 258MW of
Slide 25: Deepen Exposure in Renewables with Offshore Wind Investment
Deepen Exposure in Renewables with Offshore Wind Investment Well-located windfarm in Germany backed by an attractive Feed-In Tariff (FiT) regime ▪ Jointly investing with Keppel Corporation to acquire a 25%1 stake in BKR2, a 465MW operating German offshore wind farm with a remaining useful life of 31
Slide 26: Proposed Acquisition of a Leading Waste Platform in South Korea
Proposed Acquisition of a Leading Waste Platform in South Korea Draw on proprietary expertise across Keppel ecosystem to value-add and grow EMK ▪ Jointly investing with Keppel entities to acquire Eco Management Korea EMK is a leading integrated waste (EMK), with KIT holding 52% majority interest man
Slide 27: Leveraging Sponsor Network for Growth
Leveraging Sponsor Network for Growth Signed term sheet with KIH to acquire 50% stake in the Keppel Marina East Desalination Plant Key Terms of Proposed Acquisition Enterprise Value Approx. S$355 million KIT’s Economic 100% Interest Expected To sign definitive agreements in 4Q 2022, subject to autho
Slide 28: Exploring Renewable Opportunities in APAC and EMEA Markets
Exploring Renewable Opportunities in APAC and EMEA Markets Signed MOU with Jinko Power to jointly explore solar farm and energy storage projects ▪ Jinko Power to identify up to 1,000MW of developmental and operational assets in key developed markets of APAC, Europe and the Middle East for KIT’s cons
Slide 29: 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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