Keppel Ltd. · SGX:BN4
Keppel — Q1 2021 Earnings Presentation
12 slides from Keppel's earnings presentation, Apr 22, 2021
Slide 1: 1Q 2021 Business Update
1Q 2021 Business Update 22 April 2021
Slide 2: Executing Vision 2030
Executing Vision 2030 Keppel progressing steadily with the next wave of initiatives, creating value through asset monetisation, business transformation and investments into new growth engines. NEW GROWTH TRANSFORMATION ASSET MONETISATION • Announced S$467m investment in • Making good progress with K
Slide 3: Financial Highlights
Financial Highlights Revenue by Segment • Keppel Corporation recorded a net profit in 1Q 2021, slightly higher yoy 1,889 1,857 • All key business units apart from Keppel O&M were profitable; 30 36 Keppel O&M was EBITDA positive 294 294 • Revenue was S$1.9b, remained stable compared to 1Q 2020 302 51
Slide 4: Energy & Environment
Energy & Environment Offshore & Marine Net Orderbooki • Keppel O&M returned to positive EBITDA for 1Q 2021 due to improving margins and productivity qoq, but recorded a net loss for the quarter 3.3 0.2 0.2 3.0 • 1Q 2021 revenue was S$412m, lower than S$569m for 1Q 0.2 0.2 0.2 2020 mainly due to term
Slide 5: Energy & Environment
Energy & Environment • Keppel Infrastructure’s overall performance in 1Q 2021 was steady despite lower revenue • Revenue was S$635m for 1Q 2021, vs S$651m for 1Q 2020 • EBITDA was S$31m for 1Q 2021, vs S$43m for 1Q 2020 • Signed MOU with StarCharge to provide electric vehicle (EV) charging infrastru
Slide 6: Urban Development
Urban Development Home Salesi • Keppel Land’s 1Q 2021 performance improved yoy, underpinned by higher contribution from China and Vietnam Sales value: property trading projects, as well as divestment gains Sales value: S$1,550m S$320m • Home sales tripled yoy, mainly due to stronger performance in 1
Slide 7: Urban Development
Urban Development Residential Landbank Commercial GFA 1% 17% 6% 8% 12% 45% 17% ~46,000 7% ~1.6 million 33% units sm 9% 20% 25% Singapore China Vietnam Singapore China Vietnam Indonesia India Indonesia India Philippines Myanmar 80% of the 429 units at The Reef at King’s Dock have been sold as at end-
Slide 8: Connectivity
Connectivity • Bifrost Cable System • Keppel T&T to invest S$467m in joint build agreement with Facebook and Telkom Indonesia to jointly own and develop Bifrost • Complementary growth area under Connectivity segment, in line with Keppel’s Vision 2030 • Unleashes synergy across business units includi
Slide 9: Connectivity
Connectivity • Data Centres • Phase 1A of IndoKeppel Data Centre 1 in Bogor, Indonesia operationally ready • Logistics • Bidders for logistics & channel management business shortlisted; due diligence in progress • Agreement reached with local authorities for compensation of up to RMB438m for closure
Slide 10: Connectivity
Connectivity • M1’s 1Q 2021 performance was lower yoy M1’s Revenue M1’s Customers mainly due to lower roaming and prepaid revenues 260 • EBITDA was S$55m for 1Q 2021, vs 254 2,272 S$73m for 1Q 2020 2,108 78 224 80 228 • M1 continues to be at forefront of 5G SA 8 494 trials through new partnerships w
Slide 11: Asset Management
Asset Management • Keppel Capital performed better yoy, mainly due to stronger operating results as well as gains from mark-to-market of investments • Asset management feesi were S$42m for 1Q 2021, vs S$35m for 1Q 2020 • Keppel Capital launched China logistics property fund with a global institution
Slide 12: Forward-looking statements notice
This presentation may contain forward-looking statements which are subject to risks and uncertainties that could cause actual results to differ materially from such statements. Such risks and uncertainties include those arising from COVID-19, industry and economic conditions, competition, and legal,