Keppel Infrastructure Trust · SGX:A7RU
Keppel Infrastructure Trust — Investor Presentation (September 2026)
27 slides from Keppel Infrastructure Trust's investor presentation, Sep 15, 2026
Slide 1: Corporate Presentation
Corporate Presentation 15 September 2026
Slide 2: 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 in
Slide 3: Agenda and Awards for Excellence
Agenda Awarded for Excellence Highest Return to Shareholders Overview & Strategy P. 5 over Three Years Transition To Growth P. 10 Unlock Value P. 16 Overall sector winner in Basic Materials Category Additional Slides P. 21 Singapore-Australia Business Alliance Award Awards and Accreditations1: Signi
Slide 4: Overview & Strategy
Overview & Strategy Keppel Marina East Desalination Plant (KMEDP)
Slide 5: Turning Essential Infrastructure Into Growth
Overview & Strategy Turning Essential Infrastructure Into Growth Resilient cash flows across economic cycles ASSETS UNDER Essential Businesses and Assets UK NORWAY & MANAGEMENT1 SWEDEN City Energy: Sole producer and retailer of piped Transition KIT’s portfolio of essential town gas in Singapore Ener
Slide 6: Largest SGX-listed Infrastructure Business Trust
Overview & Strategy Largest SGX-listed Infrastructure Business Trust1 Total return of 136% achieved in the last decade OWNER UNIT PRICE PERFORMANCE AGAINST STI for the period 1 Jan 2026 to 30 June 2026 of Essential Infrastructure RHS: KIT unit price (S$) that powers cities, supports 120 0.60 industr
Slide 7: Strategies For Value Unlock
Overview & Strategy Strategies For Value Unlock Execute business priorities to achieve long term value to Unitholders Disciplined investment Sustainable DPU and and capital recycling to growth in total build a resilient portfolio Unitholders’ return Invest-divest-reinvest approach, Focused on delive
Slide 8: Capital Allocation: Capture Long-term Demand Driven by Secular Trends
Overview & Strategy Capital Allocation: Capture Long-term Demand Driven by Secular Trends Leverage capabilities in key infrastructure verticals in developed markets KIT SECULAR STRATEGY GROWTH TRENDS SEGMENTS Tailwinds Supporting Long-term Demand Strategic Focus Energy Transition & Climate Change Es
Slide 9: Capital Allocation: Grow Cash Flow, Returns and Strengthen Asset Quality
Overview & Strategy Capital Allocation: Grow Cash Flow, Returns and Strengthen Asset Quality Increased exposure to essential infrastructure and evergreen businesses Total Return Strong secular growth and ability to create value. Fixed Life and Evergreen 01 Essential 02 Blend of stable and defensive
Slide 10: Transition To Growth
Transition To Growth City Energy
Slide 11: From Passive Vehicle to a Growth-oriented Infrastructure Portfolio
Transition To Growth From Passive Vehicle to a Growth-oriented Infrastructure Portfolio Achieved sustainable DI since adopting active management model in 2019, balancing growth and resilience KIT Reported DI1 (S$ mn) KIT Portfolio DI CAGR (2018 – 2025) +8.5% 317 99 250 226 223 201 189 192 68 79 141
Slide 12: Value Creation Track Record
Transition To Growth Value Creation Track Record Initiatives to optimise and further cash flow growth Value Creation Track Record Value Creation Initiatives Achieved growth in distributable income and stronger Actively quality of earnings through acquisitions and value managed creation initiatives,
Slide 13: KIT Portfolio Today
Transition To Growth KIT Portfolio Today Key attributes to underpin the continued growth in cash flows 1 Cash Flow Resilience Underpinned by Essential Infrastructure 2 Five Growth Businesses ~60% of 3 Portfolio DI Actively Managed from Evergreen Increasing exposure to evergreen Businesses 60% busine
Slide 14: 1H 2026 Highlights
Transition To Growth 1H 2026 Highlights Delivering sustainable performance through earnings resilience, capital discipline and strategic growth Distributable Income (DI) Capital Recycling Prudent Capital Management DI remained resilient1 Deployed ~80% of net proceeds2 Successfully secured despite ME
Slide 15: 1H 2026 Analysis by Segment
Transition To Growth 1H 2026 Analysis by Segment S$ ’000 1H 2026 1H 2025 % Chg 1H 2026 Review Total Asset FFO 200,539 175,875 14.0 Total Asset FFO grew 14% y-o-y to S$200.5 mn in 1H 2026, - Energy Transition 120,337 109,632 9.8 reflecting stronger contributions from the Energy - Environmental Serv
Slide 16: KIT Financials At Historical Cost Basis
Transition To Growth KIT Financials At Historical Cost Basis ~S$700 mn dry powder for debt-funded acquisitions assuming Net Gearing of 50% Group Balance Sheet (S$ mn) 30 Jun 2026 Majority Non-recourse Debt Cash 516 9.6% Borrowings 3,277 19.7% - Trust Level Debt 894 34.9% 7.5% S$3.3 bn S$3.3 bn Net D
Slide 17: Prudent Capital Management
Transition To Growth Prudent Capital Management FY 2026 Refinancing Secured Capital Management Priorities Debt Maturity Profile as at 30 June 2026 (S$ mn) Cash Flow Growth 1,067 1,042 1 Drive revenue growth and operational cost savings, thereby Secured funding increasing cash flow for year-end 18% 1
Slide 18: Unlock Value
Unlock Value IXOM
Slide 19: Focus Areas for KIT
Unlock Value Focus Areas for KIT To drive higher value and total returns for Unitholders 01 Grow Annual Portfolio Cash Flows and Distribution 1 Income Sustainable distributions Deliver higher distribution income and DPU growth by executing on and higher value to planned growth strategies and optimis
Slide 20: Thank You
THANK YOU For enquiries, please contact: KIT Investor Relations Email: investor.relations@kepinfratrust.com Follow KIT on LinkedIn to receive updates on the company www.kepinfratrust.com Senoko Waste-to-Energy Plant
Slide 21: Additional Slides
Additional Slides Glossary Five-year Performance History 1H 2026 Highlights and Segment Analysis ESG Highlights Portfolio Overview
Slide 22: Glossary
Additional Slides Glossary All numbers presented are as of 30 June 2026 and are based on FX rates as of 30 June 2026, unless otherwise stated. The financial statements for KIT are primarily prepared on a historical cost basis in accordance with the SFRS(I) accounting standards. Accounting Entities A
Slide 23: Delivering Consistent Growth and Attractive Returns Across Cycles
Additional Slides Delivering Consistent Growth and Attractive Returns Across Cycles Gross Revenue (S$ mn) FFO (S$ mn) FFO by Segment (S$ mn) Energy Transition 2,277 326 283 2,214 278 Environmental 2,006 2,036 256 Services 199 232 326 Distribution & Storage mn 1,575 (103) Digital 46 Infrastructure 1
Slide 24: ESG Highlights
Additional Slides ESG Highlights EMISSIONS REDUCTION TARGET RENEWABLE ENERGY UNDERSTANDING NATURE RISKS Net Zero 1.3 GW Nature and Biodiversity Net zero Scope 1 and 2 greenhouse The Trustee-Manager continues to Continue to integrate nature and gas (GHG) emissions by 2050. maintain a renewable energy
Slide 25: Energy Transition Portfolio Overview
Additional Slides Portfolio Overview (30 June 2026) Total Assets1 Description Customer Cash Flow Characteristics (S$ mn) Sole producer and retailer of piped town More than 910,000 residential, City Energy gas; expanded into LPG business, as Regulated pass-through model with stable commercial and ind
Slide 26: Environmental Services Portfolio Overview
Additional Slides Portfolio Overview (30 June 2026) Total Assets1 Description Customer Cash Flow Characteristics (S$ mn) Senoko Waste-to- Waste-to-energy plant with 2,310 NEA (National Environment Availability-based concession income. 1% Energy (WTE) Plant tonnes/day waste incineration Agency, Singa
Slide 27: Distribution & Storage and Digital Infrastructure Portfolio Overview
Additional Slides Portfolio Overview (30 June 2026) Total Assets1 Description Customer Cash Flow Characteristics (S$ mn) Manufacturer, importer and distributor of Over 17,000 business and Recurring earnings from industrial and Distribution & Ixom water treatment, industrial and specialty municipal c
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