Keppel DC REIT · SGX:AJBU
Keppel DC REIT — Q3 2020 Earnings Presentation
12 slides from Keppel DC REIT's earnings presentation, Oct 20, 2020
Slide 1: 3Q 2020 Operational Updates
3Q 2020 Operational Updates 20 October 2020
Slide 2: Key Highlights
Key Highlights ▪ Inclusion in the benchmark Straits Times Index (STI) in Oct 2020 ▪ Continued to deliver strong financial performance DPU increased 22.1% y-o-y to 2.357 cents while Distributable Income increased 47.6% to $40.5m in 3Q 2020 ▪ Strong leasing momentum New take-ups at colocation faciliti
Slide 3: Financial Updates
Financial Updates Distribution Per Unit (cents) Continued to Deliver Strong Returns ($’000) 3Q 2020 3Q 2019 % Change 9M 2020 9M 2019 % Change 3.000 Gross Revenue 67,666 46,354 +46.0 191,616 141,846 +35.1 +22.1% 2.357 2.000 1.930 Net Property 62,370 42,269 +47.6 176,587 128,758 +37.1 Income Distribut
Slide 4: Financial Updates: Prudent Capital Management
Financial Updates Prudent Capital Management Debt Maturity Profile As at 30 Sep 2020 13.3% 11.9% 25.3% 5.9% 15.3% 6.1% 6.7% 4.9% 7.4% 2.0% 1.2% 2021 2022 2023 2024 2025 2026 SGD AUD GBP EUR ▪ Refinanced AUD 13.2m loan to 2024 and obtained new SGD 150m 6-year revolving As at 30 Sep 2020 credit facili
Slide 5: Business Updates: Proactive Leasing Efforts
Business Updates Proactive Leasing Efforts ▪ Keppel DC Singapore 1: Client expansion, increasing occupancy from 89.2% as at 30 Jun 2020 to 91.0% as at 1 Oct 2020 ▪ Keppel DC Singapore 2: Secured new client, increasing occupancy from 93.5% as at 30 Jun 2020 to 98.2% as at 1 Oct 2020 ▪ Keppel DC Dubli
Slide 6: Business Updates: Closely Monitoring AEI Works
Business Updates Closely Monitoring AEI Works ▪ Keppel DC Dublin 1: Practical completion of AEI works ▪ DC1: Completion of fitout works delayed to 1H 2021 due to COVID-19 ▪ IC3 East DC: Topped out in Oct 2020, on track for completion in 1H 2021 ▪ AEI works at Keppel DC Singapore 5 and Keppel DC Dubl
Slide 7: Industry Outlook
Industry Outlook Resilient Asset Class that Supports the Digital Economy ▪ COVID-19 and the changes in working practices accelerated shift to hosted and cloud collaboration solutions1 ▪ Cloud is increasingly dominating the IT landscape: Annual spending on cloud services expected to double in under f
Slide 8: Well-positioned for Growth
Well-positioned for Growth ▪ The Manager will continue to strengthen Keppel DC REIT’s presence and position it to capitalise growth opportunities in the data centre industry Low aggregate leverage of Steady DPU growth 35.2%1 provides financial flexibility Investment merits since listing to pursue gr
Slide 9: 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 10: Additional Information
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Slide 11: Portfolio Overview (as at 30 Sep 2020)
Portfolio Overview (as at 30 Sep 2020) Attributable No. of Occupancy WALE Location Interest lettable area Valuation2 Lease type Land lease title clients1 rate (%) (years) (sq ft) Asia Pacific Leasehold Keppel lease / Keppel DC Singapore 1 Singapore 100% 109,721 21 89.2 S$296.0m 4.2 (Expiring 30 Sep
Slide 12: Portfolio Overview (as at 30 Sep 2020)
Portfolio Overview (as at 30 Sep 2020) Attributable lettable No. of Occupancy WALE Location Interest Valuation2 Lease type Land lease title area (sq ft) clients1 rate (%) (years) Sydney, A$57.7 m Triple-net Intellicentre 2 Data Centre 100% 87,930 1 100.0 14.9 Freehold Australia (S$53.4m) (Shell & co