Keppel Dc Reit · SGX:AJBU
Keppel Dc Reit — Q3 2022 Earnings Presentation
24 slides from Keppel Dc Reit's earnings presentation, Oct 26, 2022
Slide 1: 3Q 2022 Operational Updates
3Q 2022 Operational Updates 26 Oct 2022
Slide 2: Outline
Outline Key Highlights 3 Portfolio Updates 6 Capital Management 10 Additional Information 15 Constituent of: Awards and Certifications: FTSE Straits FTSE EPRA Nareit Global MSCI Singapore GPR 250 Times Index Developed Index Small Cap Index Index Series 2
Slide 3: Key Highlights
Key Highlights 3
Slide 4: 3Q 2022 Key Highlights
3Q 2022 Key Highlights Resilient financial and portfolio performance • Distributable income and DPU for 3Q 2022 increased by 9.0% and 5.0% y-o-y respectively, mainly due to contributions from acquisitions and investment, as well as completed asset enhancement initiatives (AEI) Minimal impact from ri
Slide 5: Higher Distributable Income and DPU
Higher Distributable Income and DPU 3Q 2022 vs 3Q 2021 Distributable Income ($’000)1 Distribution Per Unit (cents)2 • Higher distributable income and DPU were mainly due to contributions from the: +9.0% 46,943 +5.0% 2.585 o Acquisitions of Guangdong Data Centre 1, 2 & 3 43,052 2.462 (Premises)3, Lon
Slide 6: Portfolio Updates
Portfolio Updates [Keppel peat of
Slide 7: Diversified Portfolio with Well-Spread Lease Expiries
Keppel DC Singapore 5, Singapore Diversified Portfolio with Well-Spread Lease Expiries • Strengthened portfolio occupancy and WALE of 98.6%1 and 8.7 years2 respectively from 98.2% and 7.6 years in 1H 2022 • Continued leasing momentum with healthy renewals and expansion by existing clients • Extended
Slide 8: High-quality Global Client Base
High-quality Global Client Base • Global clientele with largely investment grade or equivalent credit profiles Rental Income by Trade Sector Rental Income by Type of Contracts Top 10 Clients (for the month of Sep 2022)1 (for the month of Sep 2022)1 (for the month of Sep 2022)1 Internet Enterprise On
Slide 9: Continued Demand for Quality Data Centers
Continued Demand for Quality Data Centers Gore Hill Data Centre, • World’s data needs continue to grow exponentially, albeit growth in Australia key data centre hubs may be limited by power and land availability1 • Asia Pacific is set to become the world’s largest data centre region over the next de
Slide 10: Capital Management
Capital Management [CAS De REIT 10 f
Slide 11: Prudent Capital Management
Prudent Capital Management • Aggregate leverage remains healthy, q-o-q increase was mainly due to the financing of acquisition of Guangdong Data Centre 2 and the premises of Guangdong Data Centre 31 • Obtained credit facilities for RMB 480m and EUR 30m for 5 years As at Change from Debt Maturity Pro
Slide 12: Management of Interest Rates and Forex
Management of Interest Rates and Forex Majority of loans hedged through floating-to- Debt currency breakdown Investment properties breakdown2 fixed interest rate swaps (as at 30 Sep 2022) (as at 30 Sep 2022) Floating Italy Ireland 26% 7.5% 1.5% Fixed EUR 74% Debt 37.5% Netherlands 6.5% SGD 33.1% Ger
Slide 13: Healthy Balance Sheet
Healthy Balance Sheet As at As at +/(-) ($’000) 30 Sep 2022 31 Dec 2021 % Unitholders’ Funds 2,306,444 2,293,247 +0.6 Units in Issue (’000) 1,718,158 1,715,512 +0.2 Net Asset Value (NAV) per Unit ($) 1.34 1.34 Nm Unit Price (Closing price of last trading day) ($) 1.70 2.47 (31.2) Premium to NAV (%)
Slide 14: Thank You
Thank You Important Notice: The past performance of Keppel DC REIT is not necessarily indicative of its future performance. Certain statements made in this presentation may not be based on historical information or facts and may be “forward-looking” statements due to a number of risks, uncertainties
Slide 15: Additional Information
Additional Information CGy-T] DC REIT 15 ff
Slide 16: Portfolio Overview (as at 30 Sep 2022)
Portfolio Overview (as at 30 Sep 2022) Attributable Land lease No. of Occupancy WALE Interest lettable area Valuation2 Lease type Land lease title remaining Clients1 rate (%) (years)3 (sq ft) (years) Asia Pacific Leasehold Keppel DC Singapore 1, Keppel lease / 100% 109,721 24 92.64 S$336.0m 2.3 (Exp
Slide 17: Portfolio Overview (as at 30 Sep 2022)
Portfolio Overview (as at 30 Sep 2022) Attributable Land lease No. of Occupancy WALE Interest lettable area Valuation2 Lease type Land lease title remaining clients1 rate (%) (years)3 (sq ft) (years) Europe London Data Centre, £57.0m4 Triple-net 100% 94,867 1 100.0 16.7 Freehold - London, United Kin
Slide 18: Overview of Contractual Arrangements
Overview of Contractual Arrangements Responsibilities of Owner Insurance Contractual Maintena Property Building Asia Pacific Description Refresh Arrangement Capex Opex Tax nce Keppel lease1 / ◼ Client: Pays rent Keppel DC Singapore 1 ✓ ✓ ✓ ✓ Colocation2 ◼ Owner: Bears all expenses; responsible for f
Slide 19: Overview of Contractual Arrangements
Overview of Contractual Arrangements Responsibilities of Owner Insurance Contractual Maintena Property Building Europe Description Refresh Arrangement Capex Opex Tax nce London Data Centre Triple-net lease ◼ Client: Pays rent and all outgoings; responsible for facilities management - - - - Cardiff D
Slide 20: Focused on Growing Data Centre Portfolio
Focused on Growing Data Centre Portfolio Keppel DC REIT Assets under Management $3.6b1 23 data centres across 9 countries as at 30 Sep 2022 ASIA PACIFIC SINGAPORE AUM Breakdown (as at 30 Sep 2022)2 • Keppel DC Singapore 1 • Keppel DC Singapore 2 Asia Pacific 72.1% Europe 27.9% • Keppel DC Singapore
Slide 21: Commitment to ESG Excellence
Commitment to ESG Excellence Environmental Stewardship Responsible Business • Signatory of the Climate Neutral • Dedicated Board ESG Committee Data Centre Pact in Europe Environmental o To develop and articulate ESG Stewardship strategy • Renewable electricity procured for o Provide oversight of sus
Slide 22: ESG Targets and Commitments
ESG Targets and Commitments Environmental Stewardship Responsible Business People & Community Align reporting with the Obtain and maintain green certification for all Engage with local communities and recommendations of the Taskforce on Singapore colocation assets by 2025 and obtain contribute to Ke
Slide 23: Creating Long-term Stakeholder Value
Creating Long-term Stakeholder Value Diversified global portfolio with a strong Asia Pacific presence Diversified global portfolio • Strong operational expertise and proven growth track record with strong Asia Pacific • Proactive asset management to optimise portfolio returns • Large and stable clie
Slide 24: Keppel DC REIT Structure
Keppel DC REIT Structure as (at 30 Sep 2022) Keppel Keppel Capital Telecommunications & Transportation Institutional and The REIT Manager can leverage The REIT Manager can leverage Public Investors the scale and resources of a the Sponsor‘s expertise and track larger asset management record in this