Slide 1: Leading global asset manager & operator
Leading global asset manager & operator
Slide 2: Keppel is a global asset manager & operator
Keppel is a global asset manager & operator • Well-positioned in sectors supported by long-term secular trends • Proven fundraising and investment capabilities • Deep operational expertise backed by execution excellence • Established track record in delivering strong risk-adjusted returns • Robust g
Slide 3: Deep expertise and diverse experience in alternative real assets
Deep expertise and diverse experience in alternative real assets 20+ 20+ $95b years of asset countries of presence across Funds under Managementi management experience Asia Pacific and Europe in Infrastructure, Real Estate and Flagship Singapore company 50+ Connectivity established in 1968 years of
Slide 4: Keppel's enablers for success
Keppel’s enablers for success People Tech & AI Governance • Deep bench strength of • Platforms powered by AI • Strong governance and risk asset management & and cloud technologies management engineering talent • Ecosystem of best-in-class • Committed to sustainability • LP-first mindset with strong
Slide 5: Focused on sectors backed by megatrends
Focused on sectors backed by megatrends Energy transition Urbanisation Digitalisation & AI wave Keppel Sakra Cogen Power Plant Keppel South Central Keppel Data Centre Mobilising capital and expertise to create solutions for a sustainable future 5
Slide 6: Unlocking growth with strong operating capabilities
Unlocking growth with strong operating capabilities Infrastructure Real Estate Connectivity Innovative digital infrastructure Decarbonising assets and Greener assets and more such as data centres and businesses with renewables, liveable cities through smarter, subsea cables to support clean energy a
Slide 7: Seizing compelling opportunities across the energy transition, digitalisation and AI
Seizing compelling opportunities across the energy transition, digitalisation and AI Large amounts of capital and infrastructure investments are required to meet the rising global demand for low carbon energy and compute power US$1.3 trillion 2x US$6.7 trillion 3x Projected investments in Growth in
Slide 8: Entrenching Keppel's right to play and win in digital infrastructure
Entrenching Keppel's right to play and win in digital infrastructure By leveraging our integrated ecosystem, combining fund management and investment expertise with deep operational capabilities, Keppel can offer attractive opportunities to LPs, while undertaking capital-intensive projects at scale
Slide 9: Asset management
Asset management
Slide 10: Driving returns through strong asset management capabilities
Driving returns through strong asset management capabilities Internal Rate of Return Capital Raised 21% $28.2b average across deals since 2002 2020-2025 Equity Multiple Capital Deployed 1.9x $47.3b average across deals since 2002 2020-2025 Notes: Figures are as at end-December 2025. Average IRR: A s
Slide 11: Trusted partner for global institutional capital
Trusted partner for global institutional capital Investor type Source of capital by geography Pension Sovereign Funds: Wealth 49.2% Funds: North 32.1% Europe: America: 30.3% Middle 25.2% East: Asia 15.5% Pacific: Financial 29.0% Institutions: 6.2% Endowments: Others: 5.6% 6.9% Note: The percentages
Slide 12: Strategic and focused investment opportunities
Strategic and focused investment opportunities Flagship private funds capture demand for alternative real assets underpinned by macro trends Private Credit Core Infrastructure Sustainable Urban Education Asset Infrastructure Data Centre Fund Series Fund Series Renewal Strategy Fund Series Fund Serie
Slide 13: Compounding long-term growth potential
Compounding long-term growth potential 250 2000 • Driving FUM towards $200b by 2030 Target: 1800 • $1b asset management feesii potential by $200b 200 2030 assuming ~50bps Fee-to-FUM ratio +16% 1600 5-year CAGR 1400 • Further upside from carry and potential from organic growth 150 additional co-inves
Slide 14: Driving asset monetisation for capital efficient growth
Driving asset monetisation for capital efficient growth $28biii Aim to substantially 1.9x monetise another $13.5bii of non-core $14.5b assets by 2030 Announced $14.5bi in asset monetisation since programme started in Oct 2020 2020 - 2025 By 2030 Note: Figures are as at end-December 2025. i This incl
Slide 15: Clear and effective strategy
Clear and effective strategy Harness Mobilise Operate Crystalise megatrends capital effectively value Strategic exposure to Tap multiple Create alphas Deliver strong returns to energy transition, capital pools through deep LPs and shareholders urbanisation, to scale in operating expertise and recycl
Slide 16: Operating expertise
Operating expertise
Slide 17: Deep expertise in developing, operating and providing critical solutions and services
Deep expertise in developing, operating and providing critical solutions and services 30+ years in Infrastructure 40+ years in Real Estate 20+ years in Data Centres 17
Slide 18: Powering a low carbon future and delivering decarbonisation with impact
Powering a low carbon future and delivering decarbonisation with impact Delivering solutions from power generation and importation to solutions spanning energy, waste, and water to enable a low carbon, resource-efficient future Decarbonisation & Integrated Power Business Sustainability Solutions Sin
Slide 19: Advancing sustainable cities through innovative urban space solutions
Advancing sustainable cities through innovative urban space solutions Driving asset performance and value enhancement through Real Estate-as-a-Service solutions that integrate sustainability, innovation and operational excellence Master Development Sustainable Urban Renewal Senior Living & Urban Pla
Slide 20: Delivering premier digital infrastructure solutions backed by proven operator expertise
Delivering premier digital infrastructure solutions backed by proven operator expertise Best-in-class data centre platform with full-spectrum capabilities powering the connectivity value chain with integrated solutions Technology Solutions Data Centres Subsea Cable Systems & Services Enabling the fu
Slide 21: Integrated ecosystem for digital infrastructure
Integrated ecosystem for digital infrastructure Multiple capital pools End-to-end value chain Extensive clientele & through private funds, co-investors, spanning data centres, subsea cables, partnership networks Keppel’s balance sheet and listed vehicles power and renewables, cooling & water Renewab
Slide 22: Looking ahead
Looking ahead A leading global asset manager & operator, focused on fast-growing sectors across sustainability and digital infrastructure • Target FUMi of $200b by 2030 generating over $1b in asset management feesii • Aim to substantially monetise $13.5biii Non-Core Portfolio by 2030, providing ampl
Slide 23: Thank you
Thank you
Slide 24: Disclaimer
Disclaimer NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION. THIS PRESENTATION SHALL NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL, SUBSCR