Keppel Infrastructure Trust · SGX:A7RU
Keppel Infrastructure Trust — Investor Presentation (August 2023)
26 slides from Keppel Infrastructure Trust's investor presentation, August 2023
Slide 1: Investor Presentation
Investor Presentation August 2023
Slide 2: Outline
Outline Overview 3 1H 2023 Highlights 6 Commitment to Sustainability 15 Appendix 20 Constituent of: Awards and Accreditations1: MSCI Singapore FTSE ST Large Small Cap Index & Mid-Cap Index 1. Keppel Infrastructure Fund Management Pte Ltd is a signatory to the United Nations-supported Principles for
Slide 3: Overview
Overview Aramco Gas Pipelines Company
Slide 4: Largest SGX-listed Diversified Infrastructure Business Trust
Largest SGX-listed Diversified Infrastructure Business Trust Providing exposure to the resilient and growing global infrastructure sector S$7.3b AUM 12 evergreen businesses >10 mature economies Portfolio of scale providing global and concession assets Focused on investment grade jurisdictions access
Slide 5: Driving Portfolio Growth through New Acquisitions
Driving Portfolio Growth through New Acquisitions Expanding presence to AA and AAA-rated countries in Asia and Europe 2019 2021 2022: AUM of S$7.3b for FY20221 2023 Dec 2022 May 2023 Sep 2022 Oct 2022 Jun 2022 Jun 2022 Acquired Announced Jun 2022 Acquired 52% 20.5% interest acquisition of interest i
Slide 6: 1H 2023 Highlights
1H 2023 Highlights Philippine Coastal
Slide 7: 1H 2023 Highlights
1H 2023 Highlights Continued gradual increase of 1% y-o-y growth in DPU to 1.93 cents with steady portfolio performance ▪ Strong financial performance, supported by steady portfolio performance and new acquisitions in FY 2022 which contributed $68.6m or 38.5% of Asset Distributable Income for 1H 202
Slide 8: Announced Acquisition of Fäbodliden II
Announced Acquisition of Fäbodliden II Growing exposure in the renewable energy sector with wind farm acquisition in Sweden ▪ Part of the European Onshore Wind Platform with 5 wind farms across Europe with 740 MW of 5-year exclusive rights to FORAS eligible pipeline operating capacity; another 1.2 G
Slide 9: Energy Transition
Energy Transition ▪ Higher DI mainly due to the favourable fuel ▪ City Energy over recovery at City Energy, contributions ̶ Customer base grew 1.5% YoY to 894,000 as at end-Jun 2023 with from AGPC and the wind farm assets continued recovery from the Commercial and Industrial sector ▪ KMC’s full year
Slide 10: Environmental Services
Environmental Services ▪ Higher DI supported by the positive contribution ▪ Eco Management Korea Holdings (EMK) from EMK with higher volume for landfill business ̶ Maintained high availability and full utilisation of incineration ▪ Lower DI from Singapore waste and water assets business due mainly t
Slide 11: Distribution & Storage
Distribution & Storage ▪ Ixom ▪ Lower DI from Ixom due mainly to the weaker ̶ Strong performance from its manufactured chemicals business due to AUD. DI was slightly higher in AUD terms higher coagulant and chlorine volumes in Australia, and contributions ▪ Higher DI from Philippine Coastal due main
Slide 12: Distributable Income
Distributable Income Total DPU of 1.93 cents for 1H 2023, 1% higher year-on-year Distribution Per Unit (cents) S$’000 1H 2023 1H 2022 +/(-) % 1.93 Energy Transition 97,672 36,751 165.8 +1% DPU for 27 Apr to - City Energy 32,185 13,768 133.8 0.69 30 Jun 2023 - Aramco Gas Pipelines Company 30,617 - NM
Slide 13: Balance Sheet
Balance Sheet Building a strong balance sheet to support growth plans ▪ Comfortable debt headroom for growth: Approx. $658m to 45% net gearing level ▪ Mitigating impact of currency fluctuations: 69.2% foreign distributions hedged ▪ Approx. 77.4% of debt are fixed and hedged1 as at 30 Jun 2023, 82.1%
Slide 14: Capital Management
Capital Management Well-diversified debt maturity profile Debt Breakdown by Currency ▪ Raised approx. $300m in gross proceeds through private placement and preferential as at 30 Jun 2023 offering of approx. 633.3m new Units to partially repay bridge facilities A$: 22.7% ▪ Completed/secured refinanci
Slide 15: Commitment to Sustainability
Commitment to Sustainability European Onshore Wind Platform
Slide 16: Advancing Sustainability, Driving Performance
Advancing Sustainability, Driving Performance Committed to achieving operational excellence that is led by our environmental, social and governance strategy and sustainability initiatives 2 WTE plants with a Capable of processing up combined capacity to treat to 19% of desalinated approx. 40% of Sin
Slide 17: Championing Innovative Green Energy solutions
Championing Innovative Green Energy solutions On track to achieve ESG targets ▪ Completed the installation of solar PV system with a generation capacity of 0.2 MWp at City Energy in Progressing towards ESG targets Feb 2023, increasing KIT’s total solar capacity to 2.2MWp for operational needs ▪ 30%
Slide 18: Supporting Community Initiatives
Supporting Community Initiatives Making a a positive impact to the community ▪ Established the KIT Responsible Investment Policy, which is in line with the United Nations-supported Principles for Responsible Investment, of which Keppel Capital is a signatory ▪ Keppel Capital dedicated over 270 hours
Slide 19: Thank You
Thank You www.kepinfratrust.com Connect with us on:
Slide 20: Additional Information
ICEPPEL INFRASTRUCTURE TRUST Additional Information
Slide 21: Inaugural Portfolio Valuation
Inaugural Portfolio Valuation AUM of S$7.3b for FY 2022 By Business and Assets ▪ Improve portfolio transparency and better reflect asset values Others, 1% Energy Transition, 60% ▪ Conducted by independent third-party valuer, Ernst & Young1 S$7.3b ▪ Reflects enlarged portfolio AUM of $7.3b for FY 202
Slide 22: Energy Transition
Portfolio Overview as at 30 Jun 2023 Description Customer and contract terms Primary source of cash flows Total Assets1 (S$’m) Fixed margin per unit of gas sold, Sole producer and retailer of piped Over 894,000 commercial and City Energy with fuel and electricity costs passed town gas residential cu
Slide 23: Environmental Services
Portfolio Overview as at 30 Jun 2023 Total Assets1 Description Customer and contract terms Primary source of cash flows (S$’m) Waste-to-energy plant with 2,310 NEA, Singapore government agency - Senoko WTE Fixed payments for availability of tonnes/day waste incineration concession until 2024 (Singap
Slide 24: 1H 2023: Distributable Income
1H 2023: Distributable Income 1 2 3 4 5 6 1. Comprises Trust expenses and distribution paid/payable to perpetual securities holders, management fees and financing costs. 2. Due to one-off acquisition related cost incurred for new investments which are reversed through “Transaction costs in relation
Slide 25: 1H 2022: Distributable Income
1H 2022: Distributable Income S$'0 0 0 Energy Environmenta l Distribution & Corpora te 1 Group Tra nsition 1 Services Stora ge Profit a fter ta x (30,573) (1,973) 35,676 1,215 4,345 Add/ (less) a djustments: Reduction in concession / lease receivables 26 30,844 - - 30,870 Transaction costs in relati
Slide 26: 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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