Keppel Infrastructure Trust · SGX:A7RU
Keppel Infrastructure Trust — Shareholder Meeting (April 2023)
13 slides from Keppel Infrastructure Trust's shareholder meeting presentation, Apr 17, 2023
Slide 1: Annual General Meeting
Annual General Meeting 17 April 2023
Slide 2: FY 2022 Highlights
FY 2022 Highlights European Onshore Wind Platform
Slide 3: FY 2022 Highlights
FY 2022 Highlights Strong performance supported by portfolio growth and transformation Distributable income (DI) Total Assets Inflation protection +32% +15.8% $222.5m $6.0b >90% Supported by higher contributions from Enlarged footprint with investments in ~65% of portfolio with costs pass through Ix
Slide 4: 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 Sep 2022 Oct 2022 Dec 2022 Jun 2022 Jun 2022 Acquired a 52% Acquired a 20.5% Jun 2022 interest in BKR2, interest in Eco Acquired a 13.4% Man
Slide 5: Growing the Energy Transition and Environmental Service sectors
Growing the Energy Transition and Environmental Service sectors Completed three transformative acquisitions in 2H 2022 that support long-term DIPU growth European Onshore Wind Platform1 BKR2 – German Offshore Wind Farm1 EMKH – Integrated Waste Platform1 ▪ 3 operating wind farms in Norway and ▪ 465MW
Slide 6: Rationale for the Acquisitions
Rationale for the Acquisitions ▪ Strong sectoral megatrends underpin portfolio Account for 16% of KIT’s 1 Transformative acquisitions that align with KIT’s growth strategy ▪ Well-balanced mix of infrastructure businesses and assets in developed markets with best-in-class partners FY2022 AUM of S$7.3
Slide 7: 1Q 2023 Highlights
1Q 2023 Highlights Philippine Coastal
Slide 8: 1Q 2023 Highlights
1Q 2023 Highlights Strong performance supported by portfolio growth and transformation Distributable income (DI) ▪ New acquisitions and investments in FY 2022 EBITDA contributed $36.4m or 38.5% of Asset $73.9m $125.9m1 Distributable Income for 1Q 2023 +65.5% +40.5% ▪ Steady portfolio performance in
Slide 9: Concluded the Ixom Strategic Review
Concluded the Ixom Strategic Review No sale – focused on Ixom’s next phase of growth ▪ Ran a thorough process with financial advisor: received strong interests from mix of financial and strategic investors ▪ Macro uncertainties made investors more cautious: Pricing affected by rising costs of fundin
Slide 10: Balance Sheet and Capital Management
Balance Sheet and Capital Management Building a strong balance sheet to support growth plans ▪ Paid down $142m of $580m bridge facilities with longer-term debt through City Energy’s $400m loan facility obtained in Jan 2023 ▪ Mitigating impact of currency fluctuations: 83.7% foreign distributions hed
Slide 11: Commitment to Sustainability
Commitment to Sustainability European Onshore Wind Platform
Slide 12: 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 13: Thank You
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