Slide 1: 1Q 2022 Business Update
1Q 2022 Business Update 21 April 2022
Slide 2: Accelerating execution of Vision 2030
Accelerating execution of Vision 2030 1Q22 net profit higher yoy Progressing with asset • All segments delivered higher profits, except Urban Development monetisation • Keppel Infrastructure’s net profit grew significantly; Keppel O&M, M1, Keppel Data Centres and Keppel Capital registered improved p
Slide 3: Stronger performance despite challenging macro environment
Stronger performance despite challenging macro environment • Net profit in 1Q22 was higher yoy, with improved performance in Energy & Revenue by Segment Environment, Connectivity and Asset Management 2,068 1,889 59 36 301 • All key business units apart from Keppel O&M 294 209 were profitable; Keppel
Slide 4: O&M outlook bolstered by improving market conditions
Energy & O&M outlook bolstered by improving market conditions Environment Net Orderbookii • Keppel O&M’s 1Q22 revenue • Keppel O&M secured new was S$503m, up 22% from 5.1 orders worth S$76m in 1Q22 0.2 4.8 S$412m for 1Q21 due to 0.2 and is pursuing a strong pipeline higher levels of activity in of p
Slide 5: Keppel Infrastructure performed strongly in 1Q22, gaining traction in renewables, clean energy & decarbonisation
Keppel Infrastructure performed strongly in 1Q22, gaining Energy & traction in renewables, clean energy & decarbonisation solutions Environment • Participating in Energy Market Authority’s RFP for low-carbon • 1Q22 revenue was power import licenses in S$994m, up 57% yoy Singapore driven by higher po
Slide 6: Keppel Land continues transformation into an asset-light urban space solutions provider
Keppel Land continues transformation into an asset-light Urban urban space solutions provider Development • 1Q22 net profit was lower yoy due to lower contributions from China property trading Sales value: Keppel Land’s Home Sales S$1,550m projects and absence of enbloc sales • 1Q22 home sales were
Slide 7: Driving asset monetisation to unlock substantial value from residential portfolio
Driving asset monetisation to unlock substantial value from Urban residential portfolio Development Market Valuei Residential Portfolioii Commercial Portfolioii ~S$6.6b of residential portfolio held at Vietnam historical cost of ~S$3.8b 20% Vietnam China China 25% 34% 43% Singapore Asset Monetisatio
Slide 8: Scaling up sustainable data centre solutions and subsea cable systems
Scaling up sustainable data centre solutions and subsea Connectivity cable systems • Divestment of Keppel Logisticsi will simplify and focus our business and enhance earnings • Keppel T&T will streamline and rationalise its business Data Centres Bifrost Cable System • Keppel Data Centres performed s
Slide 9: M1 continues to expand the enterprise business and 5G offerings
M1 continues to expand the enterprise business and 5G Connectivity offerings • 1Q22 revenue was higher yoy at Revenue Customers S$260m; enterprise business revenue 260 2,204 grew 30% yoy 254 2,108 236 • 1Q22 net profit was higher yoy 83 228 80 220 246 • Postpaid customer base grew 7% yoy to ~1.75 mi
Slide 10: Keppel Capital harnesses synergies across the Group to co-create quality solutions
Keppel Capital harnesses synergies across the Group to Asset co-create quality solutions Management Asset Management Feesi Asset Management Fees • Keppel Capital 71 S$71m performed better yoy due mainly to stronger up 69% in 1Q22, from S$42m operating results for 1Q21 • Keppel-led consortium 42 incr
Slide 11: Sustainability at the core of our strategy
Sustainability at the core of our strategy Well positioned to seize opportunities amidst global focus on climate action • As a leader in providing solutions to help governments and customers achieve Net Zero • As a developer of innovative concepts such as climate-resilient nearshore urban developmen
Slide 12: The Keppel of tomorrow will be defined by our focus on Sustainability
The Keppel of tomorrow will be defined by our focus on Sustainability, being Asset Light, and harnessing Technology. Loh Chin Hua CEO, Keppel Corporation 12
Slide 13: Appendices
Appendices 13
Slide 14: Asset monetisation announced by the Group
Asset monetisation announced by the Group Vision 2030 Value Unlocked Value Unlocked No Asset Country No Asset Country (S$m) (S$m) 1 Taicang Xuchang Property China 104.0 11 Data centre in Frankfurt Germany 96.1 12 Serenity Villas in Chengdu China 324.0 24.01% stake in Business 2 Thailand 36.0 13.16%
Slide 15: Keppel Land's portfolio
Keppel Land’s portfolio Urban Development Residential Portfolio Commercial Portfolio Quality landbank spread across key cities in Asia ~1.6m sm of GFA; ~48% of which under development Country Units % Country GFA (sm) % Singapore 86,340 5% Singapore 270 1% China 533,610 34% China 18,090 43% Vietnam 4
Slide 16: 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 those arising from COVID- 19, industry and economic conditions, competition