Keppel Ltd. · SGX:BN4

Keppel — Non-Deal Roadshow (September 2018)

17 slides from Keppel's roadshow presentation, Sep 11, 2018

  1. Slide 1: Presentation to Investors

    Presentation to Investors Hong Kong 10-11 September 2018 1

  2. Slide 2: Disclaimer

    Disclaimer 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 industry and economic conditions, competition, and legal, governmental and

  3. Slide 3: Shaping the Future

    Shaping the Future Keppel is an eco-system of companies working together, with a refreshed mission, to deliver solutions for sustainable urbanisation in a fast-changing environment. Global economic growth Digitalisation, AI and robotics Solutions for Sustainable Urbanisation Ageing Disruptive popula

  4. Slide 4: Keppel's Eco-System

    Keppel’s Eco-System Ramping up Current Engines Offshore & Property Infrastructure Investments Marine Enlarging capital base Keppel Capital Building New Keppel Urban Engines Harnessing operational strengths Solutions of Growth New Engines for Growth Gas Value Chain Data Centres Smart Cities of the Fu

  5. Slide 5: Creating & Capturing Sustainable Value

    Creating & Capturing Sustainable Value Capturing value: Project-Based SALE & SERVICE DESIGN • Newbuilds, repair & upgrading projects & • Residential projects BUILD • WTE technology packages Revaluation • Offshore & Marine Operation & Divestment Fee-based • Property • Infrastructure OWN STABILISE TRU

  6. Slide 6: Resilience Through Multi-Business Strategy

    Resilience Through Multi-Business Strategy 1H 2018 net profit  Multi-business strategy underpins resilient performance S$583m, up 38% yoy  Annualised ROE of 9.9% 583  Net gearing was 0.40x at end-Jun 66 2018 vs 0.46x at end-Dec 2017 S$m 423  Free cash inflow of S$886m in 163 603 1H 2018, vs infl

  7. Slide 7: Offshore & Marine

    Offshore & Marine Net orderbooki  Over S$1.2b new contracts secured in 1H 2018 S$4.6b as at end-Jun 2018  Growing adoption of LNG as a marine fuel to drive demand for 4.6 3.9 0.2 newbuilds, conversions and 0.9 0.1 upgrades 0.7 S$b  Won S$1.8b of orders for gas 2.1 solutions since 2015, 2.2 compri

  8. Slide 8: Property

    Property Committed investmentsi by  Sale of 6,900 overseas homes worth ~S$2.4b to be recognised from 3Q 2018 geography, 2013-2017 through 2021 1,351  Grow recurring income from about 1.4 million smii of commercial GFA 1,022 1,060  Expanding presence in high-growth 786 regions in China and Vietnam

  9. Slide 9: Infrastructure

    Infrastructure Energy & Environmental Infrastructure  Deepening track record as developer, owner & operator of major projects  Keppel Marina East Desalination Plant about 50% completed  HKIWMF in design and engineering phase Hong Kong Integrated Waste  New projects won in Hong Kong and Singapore

  10. Slide 10: Fueling Growth through Asset Management

    Fueling Growth through Asset Management  Keppel Capital continues to look to expand asset classes and investor base, targets to grow AUM to S$50b by 2022 Latest Developments Private Funds  2018:  Among SGX’s largest Property Pan-Asian commercial REITs  MoU for A$1b Australian retail  Manages pr

  11. Slide 11: Investments

    Investments  Sino-Singapore Tianjin Eco City  Celebrating 10th anniversary in Sept 2018  Progressing well. More land sales planned for 2H 2018  Keppel Urban Solutions  Master developer of large-scale mixed-use developments  Best-in-class partners: Microsoft, Envision, ST Engineering & Filinves

  12. Slide 12: Appendix: Financial Highlights

    Appendix: Financial Highlights 12 12 12

  13. Slide 13: Key Figures

    Key Figures S$m FY 2017 FY 2016 % Chg 1H 2018 1H 2017 % Chg Revenue 5,964 6,767 (12) 2,993 2,802 7 Operating Profit 760 795 (4) 725 333 118 Net Profit 815* 784 4 583 423 38 EPS 44.8cts* 43.2cts 4 32.2 23.3 38 EVA (220)* (140) 57 275 (17) n.m. Free Cash Flow 1,802 540 234 886 204 >300 Increase Annual

  14. Slide 14: Revenue by Segments

    Revenue by Segments S$m FY 2017 % FY 2016 % 1H 2018 % 1H 2017 % Offshore & Marine 1,802 30 2,854 42 939 31 932 33 Property 1,782 30 2,035 30 787 26 804 29 Infrastructure 2,207 37 1,744 26 1,211 41 988 35 Investments 173 3 134 2 56 2 78 3 Total 5,964 100 6,767 100 2,993 100 2,802 100 14 14

  15. Slide 15: Net Profit by Segments

    Net Profit by Segments S$m FY 2017 % FY 2016 % 1H 2018 % 1H 2017 % Offshore & Marine (206)* (25) 29 4 (40) (7) 11 3 Property 650 80 620 79 603 104 192 45 Infrastructure 134 16 99 13 66 11 57 13 Investments 237 29 36 4 (46) (8) 163 39 Total 815* 100 784 100 583 100 423 100 * Excludes one-off financia

  16. Slide 16: Net Profit & EPS

    Net Profit & EPS Net profit (S$m) EPS (Cents) 1,846 1,885 102.3 103.8 1,525 84.0 685 726 38.0 39.9 405 22.3 457 414 363 815 25.3 22.9 20.0 44.8 784 43.2 143 128 7.9 6.9 583 32.2 347 406 397 225 264 19.2 22.3 21.9 12.4 14.6 246 13.6 205 171 11.3 9.4 357 339 360 252 337 19.8 18.7 19.8 13.9 18.6 211 11

  17. Slide 17: ROE & Dividends

    ROE & Dividends Additional Additional special dividend in specie cash dividend 30.0% ~9.5cts/share 5.0cts/share 100 90 25.0% 80 19.5% 18.8% 70 20.0% 60 15.0% 14.2% 50 48 9.9% 40 10.0% 40 6.9% 6.9%* 30 34 20 5.0% 22 20 10 10 12 12 10 0.0% 8 8 0 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 1H 2018 ROE Inte

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