Keppel Infrastructure Trust · SGX:A7RU
Keppel Infrastructure Trust — Q1 2021 Earnings Presentation
14 slides from Keppel Infrastructure Trust's earnings presentation, Apr 19, 2021
Slide 1: 1Q 2021 Operational Updates
1Q 2021 Operational Updates 19 April 2021
Slide 2: 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 Coastal 1 The strategic addition of Philippine Coastal will strengthen KIT
Slide 3: 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 4: 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 5: 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 6: 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 7: 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 8: 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 9: Additional Information
Additional Information Keppel Merlimau Cogen Plant
Slide 10: 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 11: 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 12: 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 860,000 commercial and sold, with fuel and electricity Singapore piped town gas residential customers costs passed through to consumer
Slide 13: Portfolio Overview (2) - Energy
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 14: 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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