Keppel DC REIT · SGX:AJBU
Keppel DC REIT — BofA Securities Global Data Centre Virtual Conference 2020
19 slides from Keppel DC REIT's conference presentation, Nov 25, 2020
Slide 1: BofA Securities Global Data Centre Virtual Conference 2020
BofA Securities Global Data Centre Virtual Conference 2020 24-25 November 2020
Slide 2: Outline
Outline ◼ Overview ◼ Portfolio Updates ◼ Financial Updates ◼ Outlook Constituents of: Awards and Accreditations: FTSE Straits FTSE EPRA Nareit GPR 250 MSCI Singapore Index Series Small Cap Index 2 Times Index Global Developed Index
Slide 3: Overview
Overview iKeppellatus 37
Slide 4: First Pure-play Data Centre REIT Listed in Asia on SGX
First Pure-play Data Centre REIT Listed in Asia on SGX Keppel DC Portfolio growth since listing Dublin 1 Remaining 999- Kelsterbach Keppel DC year leasehold Data Centre Intellicentre Singapore 4 land interest 3 East Data DC1 Keppel DC maincubes Centre Singapore 5 Keppel DC Data Centre Keppel DC Dubl
Slide 5: Diversified and Resilient Portfolio
▪ Quality data centres that cater to the requirements of global clientele Diversified and Resilient Portfolio ̶ Colocation facilities provide diverse client Rental income breakdown for Jun 20201 profile and lease expiry ̶ Fully-fitted and shell & core facilities By trade sector: By lease type: Inter
Slide 6: 9M 2020 Highlights
9M 2020 Highlights Steady DPU growth Strong leasing momentum Financial flexibility DPU increased 16.5% y-o-y to Secured new take-ups at colocation Maintained prudent capital management; 6.732 cents while Distributable facilities in Singapore and Dublin, as well refinanced AUD 13.2m loan to 2024 and
Slide 7: Portfolio Updates
Portfolio Updates KGyt] DC REIT 72
Slide 8: Proactive Leasing Efforts
Proactive Leasing Efforts ▪ Keppel DC Singapore 1: Client expansion, increasing occupancy from 89.2% as at 30 Jun 2020 to 91.0% as at 1 Oct 2020 ▪ Keppel DC Singapore 2: Secured new client, increasing occupancy from 93.5% as at 30 Jun 2020 to 98.2% as at 1 Oct 2020 ▪ Keppel DC Dublin 1: Secured new
Slide 9: Closely Monitoring AEI Works
Closely Monitoring AEI Works ▪ Keppel DC Dublin 1: Practical completion of AEI works ▪ DC1: Completion of fitout works delayed to 1H 2021 due to COVID-19 ▪ IC3 East DC: Topped out in Oct 2020, on track for completion in 1H 2021 ▪ AEI works at Keppel DC Singapore 5 and Keppel DC Dublin 2 on track for
Slide 10: Financial Updates
Financial Updates KGyt] DC REIT 10 f
Slide 11: Continued to Deliver Strong Returns; Healthy Balance Sheet
Distribution Per Unit (cents) Continued to Deliver Strong Returns ($’000) 3Q 2020 3Q 2019 % Change 9M 2020 9M 2019 % Change 3.000 Gross Revenue 67,666 46,354 +46.0 191,616 141,846 +35.1 +22.1% 2.357 1.930 Net Property 2.000 62,370 42,269 +47.6 176,587 128,758 +37.1 Income Distributable 1.000 40,482
Slide 12: Prudent Capital Management
Prudent Capital Management Debt Maturity Profile As at 30 Sep 2020 13.3% 11.9% 25.3% 5.9% 15.3% 6.1% 6.7% 4.9% 7.4% 2.0% 1.2% 2021 2022 2023 2024 2025 2026 SGD AUD GBP EUR ▪ Refinanced AUD 13.2m loan to 2024 and obtained new SGD 150m 6-year revolving As at 30 Sep 2020 credit facility Total debt ~$1.
Slide 13: Outlook
Outlook iKeppellatus 13
Slide 14: Resilient Asset Class that Supports the Digital Economy
Resilient Asset Class that Supports the Digital Economy ▪ COVID-19 an added boost to a market that was already developing rapidly: Enterprise spending on cloud infrastructure services increased by 33% y-o-y to almost US$33b in 3Q 20201 ̶ Changes in working practices accelerated shift to hosted and c
Slide 15: Well-positioned for Growth
Well-positioned for Growth ▪ The Manager will continue to strengthen Keppel DC REIT’s presence and position it to capitalise growth opportunities in the data centre industry Low aggregate leverage of Steady DPU growth Investment merits 35.2%1 provides financial flexibility since listing to pursue gr
Slide 16: Thank You
Thank You Important Notice: The past performance of Keppel DC REIT is not necessarily indicative of its future performance. Certain statements made in this presentation may not be based on historical information or facts and may be “forward-looking” statements due to a number of risks, uncertainties
Slide 17: Additional Information
NG) -y-1) DC REIT Additional Information y
Slide 18: Portfolio Overview (as at 30 Sep 2020)
Portfolio Overview (as at 30 Sep 2020) Attributable No. of Occupancy WALE Location Interest lettable area Valuation2 Lease type Land lease title clients1 rate (%) (years) (sq ft) Asia Pacific Leasehold Keppel lease / Keppel DC Singapore 1 Singapore 100% 109,721 21 89.2 S$296.0m 4.2 (Expiring 30 Sep
Slide 19: Portfolio Overview (as at 30 Sep 2020)
Portfolio Overview (as at 30 Sep 2020) Attributable lettable No. of Occupancy WALE Location Interest Valuation2 Lease type Land lease title area (sq ft) clients1 rate (%) (years) Sydney, A$57.7 m Triple-net Intellicentre 2 Data Centre 100% 87,930 1 100.0 14.9 Freehold Australia (S$53.4m) (Shell & co
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