Keppel DC REIT · SGX:AJBU
Keppel DC REIT — Shareholder Meeting (December 2021)
11 slides from Keppel DC REIT's shareholder meeting presentation, Dec 2, 2021
Slide 1: Extraordinary General Meeting for the Proposed Investment in the NetCo Bonds and Preference Shares
Extraordinary General Meeting for the Proposed Investment in the NetCo Bonds and Preference Shares 2 December 2021
Slide 2: Disclaimer
Disclaimer This presentation shall be read in conjunction with the announcement dated 14 October 2021 and the circular dated 10 November 2021 issued by Keppel DC REIT. Important Notice: The past performance of Keppel DC REIT is not necessarily indicative of its future performance. Certain statements
Slide 3: Transaction Overview (1)
Transaction Overview (1) ▪ M1 is one of the largest1 and more well-established Singapore telecommunications operators, which has been in operation since 1997 ▪ Keppel DC REIT to subscribe for bonds and preference shares issued by NetCo for S$89.7 mil ▪ Keppel DC REIT to receive from NetCo a fixed am
Slide 4: Transaction Overview (2)
Transaction Overview (2) Proposed NetCo Bonds and Preference Shares Investment Proposed Investment S$89.7 mil Add: - Acquisition Fee (if approved by Unitholders) S$0.9 mil - Estimated Fees and Expenses S$1.8 mil Less: - Fees and Expenses to be Reimbursed (S$2.7mil) Total Investment Outlay S$89.7 mil
Slide 5: Proposed Fee Supplement
Proposed Fee Supplement ▪ Seeking Unitholders’ approval for the acquisition fee payable to the Manager just for this investment ▪ Keppel DC REIT will be reimbursed for professional and other fees and expenses incurred of up to S$2.7 mil Proposed Fee Supplement If APPROVED by Unitholders If NOT APPRO
Slide 6: Network Assets
Network Assets Network base station Microwave dish Mast pole Monopole Fibre network equipment Cable connectors 6
Slide 7: DPU Accretive Investment Providing Regular and Stable Cash Flow
DPU Accretive Investment Providing Regular and Stable Cash Flow 1 DPU Accretive Investment 2 Regular & Stable Cash Flow ▪ DPU accretion of 3.8%1 ▪ Regular, stable cash flow of S$11.0 mil p.a. (comprising ▪ DPU accretive investment forms less than 3% of our portfolio principal and interest) for 15 ye
Slide 8: Enhance Income Resilience and Growth Platform
Enhance Income Resilience and Growth Platform 3 Greater Income Resilience 4 Stronger Growth Platform ▪ Further strengthen income resilience of Keppel DC REIT’s ▪ AUM will increase by 2.8% to S$3.3 bil portfolio ▪ Enlarged portfolio will create a stronger platform for ▪ Benefit from further diversifi
Slide 9: Summary of Investment Merits Well-Positioned for Growth
Summary of Investment Merits Well-Positioned for Growth Regular & Stable $ DPU Accretion Cash Flow of S$11.0 mil The Manager will continue p.a1 for 15 Years of 3.8% to capitalise on growth ▪ Without assuming any operational ▪ FY2020 pro forma DPU will management risks increase from 9.170 cents oppor
Slide 10: EGM Resolutions
EGM Resolutions Resolution 1: The Proposed NetCo Bonds and Preference Shares Investment, as an Interested Person Transaction Resolution 2: The Proposed Fee Supplement Independent Financial Adviser (IFA)1 Institutional Deloitte & Touche Corporate Finance Pte. Ltd. Shareholder Services (ISS)2 The IFA
Slide 11: Thank You
Thank You For more information, please visit: www.keppeldcreit.com Connect with us on: