Slide 1: 3Q & 9M 2023 Business Update
3Q & 9M 2023 Business Update 19 October 2023
Slide 2: Strong performance in 9M23
Strong performance in 9M23 • 9M23 net profit grew significantly yoy Revenuei • Excluding discontinued operations, net profit was higher yoy, with stronger performance by Infrastructure and Connectivity segments 5% • 3Q23 net profit was higher yoy, driven by stronger performance across all $5,274m $5
Slide 3: Delivering superior returns
Delivering superior returns Total distributions in 2023 Total shareholder return comprising cash dividends and distributions Significantly outperformed Straits Times ~$2.70/share in-specie (DIS) Index over the 21-month period from 1 Jan 2022 to 30 Sep 2023 (excl. DIS of cash dividend yield based on
Slide 4: Increasing activity in fund platforms
Increasing activity in fund platforms Latest developments In 9M23 Infrastructure Real estate Connectivity Equity raised • Keppel Core Infrastructure • Keppel Education Asset Fund acquiring • Secured private $1b Fund achieved first close two assets in Sydney investors to invest in of US$575m, out of
Slide 5: Scaling up fund management and investments
Scaling up fund management and investments Funds under management Asset management feesi >$13b of asset and M&A deals currently ~2x being pursued across Infrastructure, $200b Real Estate and Connectivity ~4x $267m $178m >5 ~2x $100b new funds for infrastructure, SUR, $128m education, data centres an
Slide 6: Outperformed asset monetisation target
Outperformed asset monetisation target Exceeded upper bound of $3-$5b asset monetisation target ahead of schedule. Cumulative asset ~$5.3b monetisation targets Announced since the start of asset monetisation programme in Oct 2020 3.5x $17.5b ~$865m Announced in YTD 2023 including latest announcement
Slide 7: Operating platform
Operating platform
Slide 8: Expanding energy portfolio with renewables and low carbon solutions
Expanding energy portfolio with renewables and low carbon solutions Energy portfolioi Leading in low-carbon energy solutions Secured major DBOO solar project in Singapore with generation Renewables capacity of 43 MWp and contract period of 25 years ~3.0 GW Keppel set to contribute to ~35% of Sin
Slide 9: Robust infrastructure portfolio generating long-term recurring income
Robust infrastructure portfolio generating long-term recurring income Integrated power business capturing end-to-end value Long-term supply & services • Stable power contracts - 100% of our customers locked in with fixed or $1.3b of new EaaS contracts were indexed electricity price plans for next 2
Slide 10: Advancing asset-light strategy in urban solutions
Advancing asset-light strategy in urban solutions Sustainable urban renewal (SUR) Integrated senior living solutions • Implementing SUR initiatives • Assisted living facility in across eight projects with Nanjing, China on track to open combined asset value of $7.2bi in 4Q23 • Expanding offerings ac
Slide 11: Driving digital connectivity
Driving digital connectivity Data centres & networks M1 • First two phases of Huailai Data Centre in Greater Beijing Cloud native digital platform reached ~100% utilisation by end-Sep 2023 shortly after achieving RFS • Consumer migration to new cloud native digital platform on track for completion b
Slide 12: Preferred partner to our LPs
With an established track record as an asset manager and the deep domain knowledge of an operator, Keppel is a preferred partner to our LPs. As we grow our recurring income and achieve our FUM and monetisation targets, Keppel aims to continue delivering superior returns to our shareholders. 12
Slide 13: Appendix
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Slide 14: Vision 2030 asset monetisation
Vision 2030 asset monetisation Announced since the start of asset Asset monetisation in YTD 2023 monetisation programme in Oct 2020 Value Asset Country Period Value unlocked ($m) unlocked ($m) 55 Gul Road facility Singapore 95.0 2020 1,238.4 Willowville Pte Ltd, Ho Chi Minh City Vietnam 7.4 2021 1,6
Slide 15: Infrastructure Division updates
Infrastructure Division updates Integrated Power Business • Received conditional approval from EMA to import 300 MW of solar power from Indonesia • Broke ground for Keppel Sakra Cogen Plant, Singapore’s first hydrogen-ready and most advanced power plant • Commenced FEED for green hydrogen and ammoni
Slide 16: Real Estate Division updates
Real Estate Division updates As at 30 Sep 2023 9M23 home sales were Home sales 9M22 9M23 Residential landbank Units % higher yoy, mainly due to No. of units sold 1,690 2,620 Singapore 200 1% stronger performance in - Singapore 20 40 China 16,711 43% China and India - China 770 1,460 Vietnam 9,246 23
Slide 17: Data Centres & Networks Division and M1 updates
Data Centres & Networks Division and M1 updates As at 30 Sep 2023 Data Centres & Networks Owned by Keppel DC Owned by Keppel & Data centre portfolio • First two phases of Huailai Data Centre in Greater REIT private funds Beijing operating at almost 100% utilisation rate as Geographical Asia Pacific,
Slide 18: 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