Keppel Infrastructure Trust · SGX:A7RU
Keppel Infrastructure Trust — CitySpring Infrastructure Trust — Q3 FY2007 Earnings Presentation
14 slides from Keppel Infrastructure Trust's earnings presentation, Feb 14, 2008
Slide 1: Results Briefing for the Quarter Ended 31 Dec 2007
Results Briefing for the Quarter Ended 31 Dec 2007 14 February 2008
Slide 2: Disclaimer
Disclaimer This presentation is not and does not constitute or form part of, and is not made in connection with, any offer, invitation or recommendation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any units of CitySpring Infrastructure Trust ("CitySpring") and ne
Slide 3: Contents
Contents 1 Overview 2 Financial Results 3 Distribution 4 Well-positioned for Growth Private and Confidential 2
Slide 4: Overview
Overview Distribution increased • Distribution of 1.6 Singapore cents per Unit for the quarter. This is 0.1 cent by 6.7% or 6.7% higher than projection • Net profit after tax for the quarter ended 31 Dec 2007 was S$8.9 million Strong Results • Cash earnings(1) for the quarter ended 31 Dec 2007 was S
Slide 5: Financial Results: Consolidated Income Statement
Financial Results CitySpring Infrastructure Trust(1) Consolidated Income Statement Quarter ended 5 Jan 2007 to 12 Feb 2007 to 31 Dec 2007 31 Dec 2007 31 Dec 2007 31 Dec 2007 Actual Projection Actual Projection S$’000 S$’000 S$’000 S$’000 Revenue 97,029 98,407 270,944 272,322 (2) Other income 9,753 9
Slide 6: Financial Results: Cash Earnings
Financial Results CitySpring Infrastructure Trust Quarter ended Quarter ended (2) Cash earnings(1) 31 Dec 2007 30 Sept 2007 Actual Actual S$'000 S$'000 EBITDA 37,905 18,354 (Less)/ add: Lease receivable repayment 1,619 1,619 Net finance cost (21,398) (8,449) Fair value gain on financial derivative i
Slide 7: Financial Results: Consolidated Cash Flow Statement
Financial Results CitySpring Infrastructure Trust Consolidated Cash Flow Statement Quarter ended 31 Dec 2007 S$'000 Cash flows from operating activities Net profit 8,921 Non-cash adjustments 23,586 (1) Operating cash flow before working capital changes 32,507 Changes in operating assets and liabilit
Slide 8: Financial Results: Consolidated Balance Sheet
Financial Results CitySpring Infrastructure Trust Consolidated Balance Sheet As at 31 Dec 2007 S$'000 ASSETS (1) Cash and cash equivalent 108,657 Trade and other receivables 51,014 Inventories 11,997 Derivative financial instruments 172,072 Finance lease (current) 6,603 Intangibles 479,250 Property,
Slide 9: Financial Results: City Gas
Financial Results City Gas City Gas Financial Results Quarter ended 9 months ended 31 Dec 2007 31 Dec 2007 Actual Projection Actual Projection S$'000 S$'000 S$'000 S$'000 Total revenue 63,131 64,341 181,131 182,341 (1) Other income 1,077 387 3,167 2,477 Operating expenses Fuel and electricity costs
Slide 10: Financial Results: SingSpring
Financial Results SingSpring SingSpring Financial Results Quarter ended 9 months ended 31 Dec 2007 31 Dec 2007 (1) (2) Actual Projection Actual Projection S$'000 S$'000 S$'000 S$'000 Finance lease income 1,695 1,664 5,067 5,035 Service income 2,646 2,631 7,909 7,895 Maintenance income 2,108 2,248 6,
Slide 11: Financial Results: Basslink
Financial Results Basslink Basslink Financial Results Quarter ended 4 months ended 31 Dec 2007 31 Dec 2007 Actual Projection Actual Projection A$'000 A$'000 A$'000 A$'000 (1) Facility fee 16,377 15,755 21,666 21,044 (2) CRSM 4,094 4,077 5,416 5,399 Unearned revenue for interest free HT loan 198 199
Slide 12: Distribution
Distribution Period Actual Projection (cents per unit) (cents per unit) 12 February 2007 to 31 March 2007 0.78 0.78 Quarter ended 30 June 2007 1.50 1.50 Quarter ended 30 September 2007 1.60 1.50 Quarter ended 31 December 2007 1.60 1.50 Distribution of 1.60 cents per unit for the quarter ended 31 Dec
Slide 13: Well-positioned for Growth
Well-positioned for Growth • There continues to be strong liquidity in the market for financing infrastructure assets in Asia. So far, CitySpring has not experienced difficulties in raising debt financing for its CitySpring is well-positioned to acquisition opportunities do the next acquisition • Ci
Slide 14: Thank you
Thank you Private and Confidential 13
CitySpring Infrastructure Trust — Q3 FY2007 Earnings Presentation on 6ix