Keppel REIT · SGX:K71U

Keppel REIT — Shareholder Meeting (April 2018)

16 slides from Keppel REIT's shareholder meeting presentation, Apr 20, 2018

  1. Slide 1: Keppel REIT Annual General Meeting

    Keppel REIT Annual General Meeting 20 April 2018

  2. Slide 2: Outline

    Outline Overview 3 Performance Update for FY 2017 6 Key Highlights for 1Q 2018 14 IMPORTANT NOTICE: The past performance of Keppel 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

  3. Slide 3: Portfolio Overview

    Portfolio Overview Best-in-Class Assets Largest Portfolio of Premium Office Assets Under Management in Strategic Locations Assets 9 quality Premium Grade and Grade A assets 3.7 million sf (1) in the business and financial districts (1) S$8.5 billion (1) total attributable NLA of Singapore and Austra

  4. Slide 4: Premium Grade A Office Portfolio

    Premium Grade A Office Portfolio Singapore* 87% Ocean Financial Centre Marina Bay Financial Centre One Raffles Quay Bugis Junction Towers (99.9% interest) (33.3% interest) (33.3% interest) (100% interest) Australia* 13% 311 Spencer Street 8 Chifley Square, 8 Exhibition Street, 275 George Street, Dav

  5. Slide 5: Growth Record

    Growth Record 2006 2007 2009 2010 2011 2012 2013 2014 2015 2016 2017 275 George Street 8 Exhibition Street 77 King Street Bugis Junction Towers MBFC Phase One Office Tower on the MBFC Tower 3 Prudential Tower 8 Chifley Square Old Treasury Building site Acquired the three Divested 77 One Raffles Quay

  6. Slide 6: Performance Update for FY 2017

    Performance Update for FY 2017 Marina Bay Financial Centre, Singapore 6

  7. Slide 7: FY 2017 Key Financial & Portfolio Highlights

    FY 2017 Key Financial & Portfolio Highlights $  Portfolio Committed  Distribution Income $190.7 mil Occupancy 99.7%  Distribution per Unit 5.70 cents  Tenant Retention 95%  Aggregate Leverage 38.7%  Leases Committed 829,500 sf (Attributable NLA ~377,700 sf)  All-in Interest Rate 2.62% p.a. 

  8. Slide 8: Strategic Portfolio Enhancement

    Strategic Portfolio Enhancement July 2017: Acquisition of a 50% interest in 311 Spencer Street  Yield accretive: 6.4%1  Stable income stream: 30-year lease with fixed annual rental escalations  Enhanced tenancy profile: Freehold Grade A office tower will be headquarters for the Victoria Police, J

  9. Slide 9: Diversified Portfolio

    Diversified Portfolio  As at 31 December 2017, Keppel REIT’s S$8.5b* portfolio comprises premium Grade A office space in Singapore and in the key Australian cities of Sydney, Melbourne, Brisbane and Perth  Long-term resilience of the REIT’s income streams is enhanced with portfolio diversification

  10. Slide 10: High Portfolio Committed Occupancy

    High Portfolio Committed Occupancy  Maintained high committed occupancy rates which are well above market  Portfolio of quality office spaces remains relevant to tenants’ changing business needs  High tenant retention rate of 95% for 2017 High Portfolio Committed Occupancy as at 31 Dec 2017 Singa

  11. Slide 11: Diversified Tenant Base

    Diversified Tenant Base Top 10 Tenants (by Attributable NLA) Profile of Tenant Base(1) Occupies 43.2% of portfolio NLA Contributes 40.1% of gross rental income Number of Tenants: 326(2) DBS 6.2% ANZ 5.7% Western Australian… 4.9% BNP Paribas 4.7% Telstra 4.4% Banking, insurance and financial services

  12. Slide 12: Operational Excellence

    Operational Excellence Deliver Long-Term We are committed to generate sustainable income Sustainable and create long-term value for Unitholders through Income achieving operational excellence in all that we do. 29.1% 10.0% Unitholder return Unitholder return p.a. for FY 2017 since listing in Apr 200

  13. Slide 13: Key Highlights for 1Q 2018

    Key Highlights for 1Q 2018 8 Exhibition Street, Melbourne

  14. Slide 14: 1Q 2018 Results Highlights

    1Q 2018 Results Highlights  Distributable Income $48.2 mil $  Distribution per Unit 1.42 cents  Aggregate Leverage 38.6%  All-in Interest Rate 2.75% p.a.  Leases Committed 674,100 sf (Attributable area ~261,400 sf)  High Portfolio Committed Occupancy 99.4%  Long Portfolio WALE 5.3 years  Hig

  15. Slide 15: Thank You

    Thank You Ocean Financial Centre, Singapore

  16. Slide 16: Keppel REIT Annual General Meeting

    Keppel REIT Annual General Meeting 20 April 2018

Keppel REIT — Shareholder Meeting (April 2018) on 6ix