Keppel DC REIT · SGX:AJBU
Keppel DC REIT — Shareholder Meeting (April 2019)
16 slides from Keppel DC REIT's shareholder meeting presentation, Apr 16, 2019
Slide 1: Annual General Meeting
Annual General Meeting 16 April 2019
Slide 2: Important Notice
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 and assump
Slide 3: FY2018 Key Highlights
FY2018 Key Highlights Steady growth in adjusted Stable income stream Low aggregate leverage DPU, increased by 5.0% to with healthy portfolio provides financial flexibility to 7.32 cents in FY 2018 occupancy and long WALE pursue growth Adjusted DPU (cents) Portfolio Occupancy Aggregate Leverage3 7.50
Slide 4: Portfolio Growth Since Listing
Portfolio Growth Since Listing maincubes Keppel DC Intellicentre 3 Keppel DC Singapore 3 Keppel DC Dublin 2 East Data Centre1 Data Centre Singapore 5 Cardiff Data Centre Milan Data Centre Intellicentre 2 31 Dec 2018 Data Centre 31 Dec 2017 AUM: $2.0b 31 Dec 2016 31 Dec 2015 AUM: $1.5b 15 assets AUM:
Slide 5: Strengthened Foothold in Asia-Pacific and Europe
Strengthened Foothold in Asia-Pacific and Europe Expanded portfolio with additions in Singapore, Australia, Germany and Ireland, increasing AUM to approx. $2.0b as at 31 Dec 2018 Asia Pacific Europe ◼ Acquired Keppel DC Singapore 5, ◼ Completed acquisition of maincubes largely funded by private plac
Slide 6: Rental income breakdown for the month of Dec 2018
Rental income breakdown for the month of Dec 20181 By trade sector: By lease type: Internet enterprise Corporate 46.5% Shell & core, 1.6% 8.8% Financial services Colocation, 73.1% Fully fitted, 8.0% Telecoms 18.1% IT services 19.8% 24.1% ▪ Quality data centres that cater Ownership of Data Centre Com
Slide 7: 1Q 2019 Updates
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Slide 8: 1Q 2019 Key Highlights
1Q 2019 Key Highlights Steady y-o-y growth Stable income Diversified Limited interest Low aggregate in distributable stream with healthy sources of funding rate exposure leverage of 32.5% income and adjusted portfolio occupancy of with issuance of with 81% of as at 31 Mar 2019 DPU, increasing 29.9%
Slide 9: Distributable Income
Distributable Income 1Q 2019 Financial Update +/(-) ($’000) 1Q 2019 1Q 2018 % ▪ 6.7% y-o-y growth in DPU Distributable Income to Unitholders 27,109 20,867 +29.9 mainly contributed by new acquisitions Comprising Gross Revenue 48,033 38,008 +26.4 ▪ Issued €50 million 7-year floating rate notes due 202
Slide 10: Diversified and Resilient Portfolio
Diversified and Resilient Portfolio Portfolio Update ▪ 67.4% of portfolio in Asia ▪ Healthy portfolio occupancy of ▪ Keppel DC Singapore 3 Pacific and 32.6% in Europe 93.2% and long WALE of 8.0 years ̶ Retrofitting works to make way for expansion within a client’s premises Portfolio AUM breakdown Le
Slide 11: Prudent Capital Management
Prudent Capital Management Debt maturity profile Capital Management As at 31 Mar 2019 ◼ Managing interest rate exposure: 17.0% Interest rates of loans substantially 8.5% 22.0% hedged with floating-to-fixed interest rate 18.2% 10.8% swaps 1.8% 9.1% 9.7% 2.9% 2019 2020 2021 2022 2023 2024 2025 2026 ◼
Slide 12: Outlook
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Slide 13: Supported by Sound Industry Fundamentals
Supported by Sound Industry Fundamentals Total mobile data traffic Global co-location market predicted to increase by 31% expected to grow by 15-17% in CAGR by 2024, reaching 136 20191 exabytes per month by end 20242 Global cloud infrastructure Hyperscale operator revenues market expected to grow by
Slide 14: Positioned for Growth
Positioned for Growth The Manager will continue to strengthen Keppel DC REIT’s presence and position it to capitalise growth opportunities in Ireland the data centre industry Keppel DC Dublin 1, Dublin Keppel DC Dublin 2, Dublin United Kingdom GV7 Data Centre, London Cardiff Data Centre, Cardiff The
Slide 15: Committed to Deliver Value
Committed to Deliver Value Vision To be the preferred data centre real estate investment trust, serving as a trusted partner to our stakeholders. Mission Guided by the Keppel Group’s operating principles and core values, we will create value for our investors by growing a quality portfolio of data c
Slide 16: Thank You
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