Keppel Ltd. · SGX:BN4
Keppel — Shareholder Meeting (April 2022)
14 slides from Keppel's shareholder meeting presentation, Apr 22, 2022
Slide 1: Annual General Meeting
Annual General Meeting Presentation by Mr Loh Chin Hua, CEO 22 April 2022
Slide 2: Accelerating Vision 2030 execution
Accelerating Vision 2030 execution Keppel made strong progress in executing Vision 2030, despite volatile market conditions and operational challenges imposed by COVID-19. Driving business Good progress Making Driving transformation & in asset sustainability integration & earnings growth monetisatio
Slide 3: Driving business transformation organically & inorganically
Driving business transformation organically & inorganically Simplifying and focusing Keppel’s business • Working towards definitive agreements by 30 Apr 2022 for proposed combination of Keppel O&M and Sembcorp Marine, and sale of Keppel O&M’s legacy rigs and associated receivables to Asset Co • Sign
Slide 4: Strong earnings growth: sharp reversal from loss in FY20
Strong earnings growth: sharp reversal from loss in FY20 FY21 net profit crossed S$1b for first time since 2015 Net profit Return on equity FY21 total dividend • Includes proposed final dividend of 21.0 cts/share, up from 7.0 cts/share in 2020 Sharp reversal from net Improved from • Dividend yield o
Slide 5: Growing recurring income in line with Vision 2030
Growing recurring income in line with Vision 2030 to improve quality of earnings Recurring income grew 33% yoy in FY21 Recurring income in FY21 Others Connectivity S$8m S$35m S$292m S$220m REITs & Trust Asset S$142m management S$292 S$81m millioni Infrastructure services 2020 2021 S$99m i Includes l
Slide 6: Strong progress in asset monetisation
Strong progress in asset monetisation Capital unlocked will be used to fuel organic & inorganic growth plans and reward shareholders. Announced monetisation Oct 2020-Dec 2021 via Keppel- On track to exceed S$5b managed REITs & Trust target by end-2023 40.7% Asset monetisation S$2.9 will be a consist
Slide 7: Keppel O&M performed well, seizing opportunities in energy transition
Keppel O&M performed well, seizing opportunities in energy transition and focusing on execution • S$3.5b new orders secured in FY21 Modern jackup rig Projected utilisation & dayrates for modern jackupsii utilisation & dayrates • S$5.1b net orderbooki, 39% improving, underpinned US$140k of which for
Slide 8: Seizing opportunities in renewables, clean energy, decarbonisation & environmental solutions
Seizing opportunities in renewables, clean energy, decarbonisation & environmental solutions Investing in renewables platforms & Actively pursuing capabilities opportunities such as • Acquiring 51% stake in Cleantech Renewable importing renewable Assets, which has over 600MW of total power to Singap
Slide 9: Driving Keppel Land's transformation into an asset-light urban space solutions provider
Driving Keppel Land’s transformation into an asset-light urban space solutions provider Keppel Land completed monetisation of 8 projects in 2021 with total proceeds of ~S$1.9b and net gains of over S$450mi. Home sales improved 46% Opened/reopened malls in Advancing sustainable urban yoy to 4,870 uni
Slide 10: Expanding connectivity solutions offerings
Expanding connectivity solutions offerings COVID-19 further drove demand for digital connectivity solutions. • M1’s 5G SA network rollout progressing well, achieved 5G SA 50% outdoor coverage in Singapore at end-2021 network/ ICT • 2nd largest postpaid customer base in Singapore 5G • Enterprise busi
Slide 11: Assets under management grew 14% yoy in 2021
Assets under management grew 14% yoy in 2021 Keppel Capital raised total equity of about S$3.5b and completed around S$5.5b in acquisitions and divestments in FY21. Assets under management Asset management feesiii by asset classi grew ~29% yoy for FY21 S$42b Infrastructure 16.2% S$233m Real estate S
Slide 12: Building on strong momentum
Building on strong momentum The Keppel of tomorrow will be defined by our focus on Sustainability, being Asset Light and harnessing Technology. SUSTAINABILITY ASSET LIGHT Making sustainability our business: Providing Accelerating asset turns to unlock value, fund innovative solutions to help governm
Slide 13: Vision 2030 roadmap closing message
We’ve made bold strides forward in our Vision 2030 roadmap, and are confident of achieving most of our targets by 2025. Loh Chin Hua CEO, Keppel Corporation 13
Slide 14: 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