Keppel Dc Reit · SGX:AJBU
Keppel Dc Reit — Q1 2022 Earnings Presentation
19 slides from Keppel Dc Reit's earnings presentation, Apr 19, 2022
Slide 1: 1Q 2022 Operational Updates
1Q 2022 Operational Updates 19 April 2022
Slide 2: 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 3: Financial Updates: Higher Distributable Income and DPU
Financial Updates Higher Distributable Income and DPU Distribution per Unit (cents)1 ($’000) 1Q 2022 1Q 2021 % Change 3.000 +0.2% Gross Revenue 66,104 66,685 (0.9) 2.462 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 4: Well-spread Debt Maturity Profile
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 5: 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 6: 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 7: 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 She
Slide 8: 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 9: 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 10: Industry Outlook
Industry Outlook Demand for Data Centres Remains Robust • 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 clo
Slide 11: Well-Positioned for Growth: 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 12: 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 13: Additional Information
Additional Information CGy-T] DC REIT 13 ff
Slide 14: Focused on Growing Data Centre Portfolio
Focused on Growing Data Centre Portfolio Keppel DC REIT Assets under Management $3.5b 21 data centres across 9 countries as at 31 Mar 2022 Potential Data Centre Assets for Acquisitions >$2b Data centre assets under development and management through Keppel T&T1, and Keppel’s private data centre fund
Slide 15: 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 16: 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$105.5m) (Shell
Slide 17: Overview of Lease Arrangements
Overview of Lease Arrangements Responsibilities of Owner Maintenan Lease Insurance Asia Pacific Property Description Building Refresh Arrangement Capex Opex Tax ce Keppel lease1 / ◼ Client: Pays rent Keppel DC Singapore 1 ✓ ✓ ✓ ✓ Colocation2 ◼ Owner: Bears all expenses; responsible for facilities ma
Slide 18: 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 19: Keppel DC REIT Structure
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