Keppel Dc Reit · SGX:AJBU
Keppel Dc Reit — Investor Presentation (June 2022)
25 slides from Keppel Dc Reit's investor presentation, Jun 20, 2022
Slide 1: Investor Presentation
Investor Presentation Jun 2022
Slide 2: Outline
Outline Overview 3 1Q 2022 Operational Updates 7 Outlook 16 Additional Information 20 Constituent of: Awards and Certifications: FTSE Straits FTSE EPRA Nareit Global MSCI Singapore GPR 250 Times Index Developed Index Small Cap Index Index Series 2
Slide 3: Overview
Overview CGS] DC REIT 3 ff
Slide 4: Focused on Growing Data Centre Portfolio
Focused on Growing Data Centre Portfolio Keppel DC REIT Assets under Management $3.5b1 21 data centres across 9 countries as at 31 Mar 2022 Potential Data Centre Assets for Acquisitions >$2b • Guangdong Data Centre 2, Data centre assets under development • Guangdong Province Guangdong Data Centre 3,
Slide 5: Strengthening Foothold in China
Guangdong Data Centre 3 Strengthening Foothold in China (Left) & Guangdong Data Centre 2 (Right), China ▪ DPU-accretive acquisition of Guangdong Data Centre 2 and 3 in Jiangmen, Guangdong Province ̶ Master leased on a triple net basis1 for 15 years2 ̶ DPU accretion of 2.7% ▪ Strengthen our presence
Slide 6: Acquired Second Data Centre in London
Acquired Second Data Centre in London Strengthen foothold in London, a top global data centre hub: New data centre demand in London is estimated to grow at a CAGR of 14.2% between 2020 and 20241 Well located: Bracknell is a thriving commercial centre in the Thames Valley which is a region dubbed as
Slide 7: 1Q 2022 Operational Updates
1Q 2022 Operational Updates 7
Slide 8: Key Highlights for 1Q 2022
Key Highlights for 1Q 2022 Higher distributable income and DPU • Distributable income and DPU1 for 1Q 2022 increased by 5.9% and 0.2% y-o-y respectively, mainly due to recent data centre acquisitions and investment in debt securities, partially offset by lower contributions from Singapore assets as
Slide 9: Financial Updates
Financial Updates Distribution per Unit (cents)1 Higher Distributable Income and DPU ($’000) 1Q 2022 1Q 2021 % Change 3.000 Gross Revenue 66,104 66,685 (0.9) 2.462 +0.2% 2.466 Net Property Income 60,129 60,989 (1.4) 2.000 Distributable Income (DI)1 44,528 42,029 +5.9 1.000 Distribution per Unit (DPU
Slide 10: Financial Updates
Financial Updates Well-spread Debt Maturity Profile • Obtained a revolving credit facility of GBP70m for 6 years in 1Q 2022 Debt Maturity Profile (as at 31 Mar 2022) 4.3% 6.4% 6.3% 25.4% 7.8% 8.8% 11.4% 7.8% 2.1% 3.9% 3.6% 6.9% 0.9% 4.4% 2022 2023 2024 2025 2026 2027 2028 SGD AUD GBP EUR RMB As at 3
Slide 11: Prudent Capital Management
Prudent Capital Management Managing interest rate exposure Debt currency breakdown Investment properties breakdown1 • 76% of loans hedged through floating-to-fixed (as at 31 Mar 2022) (as at 31 Mar 2022) interest rate swaps, with the remaining Italy unhedged borrowings in EUR Ireland 1.7% 8.3% o Wei
Slide 12: Proactive Portfolio Management
Keppel DC Singapore 3, Singapore Proactive Portfolio Management ▪ Strengthened portfolio and foothold in Europe with the completion of the acquisition of London Data Centre ▪ Proactive leasing efforts resulted in new, renewal and expansion leases secured at Dublin, Malaysia and the Netherlands ▪ Enh
Slide 13: Diversified and Resilient Client Base
Diversified and Resilient Client Base Rental Income by Trade Sector Rental Income by Lease Type Top 10 Clients (for the month of Mar 2022)1 (for the month of Mar 2022)1 (for the month of Mar 2022)1 Internet Internet Enterprise 35.6% Corporate Enterprise One of the largest tech companies globally 1.7
Slide 14: Commitment to ESG Excellence
Commitment to ESG Excellence Environmental Stewardship Responsible Business • Signatory of the Climate Neutral • Dedicated Board ESG Committee Data Centre Pact in Europe Environmental o To develop and articulate ESG Stewardship strategy • Renewable electricity procured for o Provide oversight of sus
Slide 15: ESG Targets and Commitments
ESG Targets and Commitments Environmental Stewardship Responsible Business People & Community Climate Change Adaptation Building and Service Quality Community Development and Engagement • To align reporting with the recommendations of • To obtain and maintain green certification for all Singapore •
Slide 16: Outlook
Outlook CGS] DC REIT 16 ff
Slide 17: Industry Outlook
Industry Outlook Robust Demand for Data Centres • Worldwide spend on data centre IT hardware and software grew 10% in 20211 • Colocation demand is estimated to have grown 14% across Asia Pacific and 12% in Europe in 20212 • Demand continues to be driven by2,3,4: – Increased prominence of cloud compu
Slide 18: Value Creation for Stakeholders
Value Creation for Stakeholders Well-Positioned for Diversified portfolio of data centres with a predominantly Asia focus Growth • Strong operational expertise and proven growth track record • Proactive asset management to optimise portfolio returns • Large and stable client base The Manager will co
Slide 19: 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 20: Additional Information
Additional Information CGy-T] DC REIT 20 f
Slide 21: Portfolio Overview (as at 31 Mar 2022)
Portfolio Overview (as at 31 Mar 2022) Attributable No. of Occupancy rate WALE Location Interest lettable area Valuation2 Lease type Land lease title clients1 (%) (years)3 (sq ft) Asia Pacific Leasehold Keppel lease / (Expiring 30 Sep 2025, Keppel DC Singapore 1 Singapore 100% 109,721 25 93.14 S$336
Slide 22: Portfolio Overview (as at 31 Mar 2022)
Portfolio Overview (as at 31 Mar 2022) Attributable lettable No. of Occupancy Location Interest Valuation2 Lease type WALE (years)3 Land lease title area (sq ft) clients1 rate (%) Europe London, £57.0m4 Triple-net London Data Centre 100% 94,867 1 100.0 17.2 Freehold United Kingdom (S$104.0m) (Shell
Slide 23: Overview of Lease Arrangements
Overview of Lease Arrangements Responsibilities of Owner Maintenance Lease Insurance Asia Pacific Description Property Arrangement Building Refresh Capex Opex Tax Keppel lease1 / ◼ Client: Pays rent Keppel DC Singapore 1 ✓ ✓ ✓ ✓ Colocation2 ◼ Owner: Bears all expenses; responsible for facilities man
Slide 24: Overview of Lease Arrangements
Overview of Lease Arrangements Responsibilities of Owner Maintenance Lease Europe Description Insurance Arrangement Property Building Refresh Capex Opex Tax London Data Centre Triple-net lease ◼ Client: Pays rent and all outgoings; responsible for facilities management - - - - Cardiff Data Centre Tr
Slide 25: Keppel DC REIT Structure (as at 31 Mar 2022)
Keppel DC REIT Structure (as at 31 Mar 2022) Keppel Keppel Capital Telecommunications & Transportation Institutional and The REIT Manager can leverage The REIT Manager can leverage Public Investors the scale and resources of a the Sponsor‘s expertise and track larger asset management record in this