Slide 1: 1Q 2023 Business Update
1Q 2023 Business Update 20 April 2023
Slide 2: Accelerating Vision 2030
Accelerating Vision 2030 We will drive Keppel’s transformation to • Scaling up in Vision 2030 growth areas be a global asset manager with deep • Simplifying & focusing the Group’s operating capabilities, focused on business sustainability-related solutions. • Growing recurring income • Executing ass
Slide 3: Realising S$9.4b in value from the O&M transactions
Realising S$9.4bi in value from the O&M transactions Keppel O&M and Sembcorp Marine combination Asset Co transaction ~S$3.3bii S$2.19/Keppel shareiii S$2.50/Keppel shareiv Disposal gain from Keppel Value of Sembcorp Marine Value of investment in Asset O&M-Sembcorp Marine shares distributed in Co, co
Slide 4: Creating value for shareholders
Creating value for shareholders Total shareholder return Improved earnings quality Significantly outperformed Replaced volatile earnings from O&M business with Straits Times Index over 12-mth stable interest income from Asset Co vendor notes and 15-mth periods O&M business recorded average lossi Kep
Slide 5: Strong performance
Strong performance • 1Q23 net profit was significantly higher yoy with disposal gain of ~S$3.3b from KOM-SCM merger Revenue by Segmenti • Excluding discontinued operations and the disposal gain, 1Q23 2,255 net profit was slightly higher yoy, with stronger performance from 2,068 326 Energy & Environm
Slide 6: Seizing opportunities in asset management
Seizing opportunities in asset management Keppel Sustainable Keppel Asia Infrastructure Urban Renewal Fund Fund II (upcoming) AUM target: S$200b Target size: US$2b Value-add strategy that focuses on Target to grow our current growth and development Asset rejuvenation strategy that S$50b in AUM to re
Slide 7: Leader in energy & environmental infrastructure and services
Leader in energy & environmental infrastructure and services Strong momentum in EaaS Accelerating low-carbon energy • Keppel Infrastructure's 1Q23 revenue was >S$320m • Reached financial close for S$1.03b, up 3% yoy driven Keppel Sakra Cogen Plant, EaaS subscriptions secured since expected groundbre
Slide 8: Expanding portfolio of diverse renewable energy projects
Expanding portfolio of diverse renewable energy projects Large-scale renewable electricity importation • Received conditional approval from EMA for the LTMS-PIP KI Renewables ii import and sale of 1 GW of (Renewables Import) • Total generation capacityi grew 9% (Europe and low carbon electricity fro
Slide 9: Advancing asset-light strategy in the urban development space
Advancing asset-light strategy in the urban development space Sustainable urban renewal Unlocking value • Keppel Land’s 1Q23 net profit higher yoy with more Implementing solutions across contributions from trading assets in Singapore, China, ~S$280m projects Korea, India and Vietnam Announced moneti
Slide 10: Providing sustainable data centre solutions and subsea cable systems
Providing sustainable data centre solutions and subsea cable systems Data Centre • Keppel Data Centres' 1Q23 performance declined yoy mainly due to costs incurred for new projects/markets • Keppel Data Centre Campus at Genting Lane • Buildings 1 and 2 fully leased; first phase of Building 1 ready fo
Slide 11: Expanding 5G solutions
Expanding 5G solutions Rolling out 5G enterprise solutions to boost 5G adoption • M1’s 1Q23 revenue was 14% higher yoy at S$295m; and deployment enterprise business revenue • Build industry-specific 5G expertise and work with ecosystem of grew 60% yoy to S$107m partners to offer tailored solutions f
Slide 12: Appendices
Appendices 12
Slide 13: Asset monetisation announced by the Group
Asset monetisation announced by the Group Reached target of S$3-S$5b ahead of Value schedule; will soon announce a new Asset Country Unlocked (S$m) interim monetisation target 55 Gul Road facility Singapore 95.0 Period Value Unlockedi (S$m) Willowville Pte Ltd, Ho Chi Vietnam 7.4 Minh City 2020 1,23
Slide 14: Keppel Land updates
Keppel Land updates Home Sales Residential & Commercial Portfolio • 1Q23 home sales were higher yoy, mainly due to • Quality residential landbank across key cities in Asia stronger performance in China and India Units % 1Q22 1Q23 Singapore 334 1% China 17,340 44% No. of units sold 540 1,670 Vietnam
Slide 15: M1 updates
M1 updates Revenue Customers S$’m 1Q22 1Q23 ’000 31 Mar 2022 31 Mar 2023 Postpaid 1,748 1,909 Consumeri 193 188 Prepaid 220 353 Enterprise 67 107 Fibre broadband 236 239 Total 260 295 Total 2,204 2,501 i Includes corporate mobile plans and handset sales 15
Slide 16: Disclaimer
Disclaimer NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION. THIS PRESENTATION SHALL NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL, SUBSCR