Slide 1: Briefing for Retail Shareholders
Briefing for Retail Shareholders Hosted by Securities Investors Association (Singapore) 17 August 2023
Slide 2: Keppel has been transforming to create value
Keppel has been transforming to create value 2015~2016 2018~2019 2022~2023 • Privatised Keppel • Privatised M1 • Divested logistics and O&M businesses Land and and Keppel T&T consolidated asset • Removed conglomerate structure and managers under reorganised Keppel as one Keppel Capital integrated co
Slide 3: One Keppel, One Purpose
One Keppel, One Purpose Creating solutions for a sustainable world A GLOBAL ASSET MANAGER & OPERATOR Comprising three horizontally-integrated platforms: Fund Investment Operating 1 Management 2 Platform 3 Platform Platform with deep operating capabilities in Infrastructure, Real Estate and Connectiv
Slide 4: We are in the right space, at the right time, seizing opportunities amidst macrotrends
We are in the right space, at the right time, seizing opportunities amidst macrotrends 1 2 Investors increasing Energy transition & allocation to real assets climate change Alternatives AUM 23.2 3 (US$ trillion) Rapid urbanisation & 5.8x ageing populations 13.3 11.7 10.1 7.6 8.5 9.0 4.0 4.6 5.5 6.3
Slide 5: Strong results for 1H23
Strong results for 1H23 NET PROFIT RECURRING INCOME ASSET MONETISATION $3.6b 76% >$4.8b Highest on record of net profit from announced since Oct 2020; in 55 years continuing operations, Target to reach $10~12b by vs 48% in 1H22 2026 and $17.5b eventually 5
Slide 6: Superior returns
Superior returns Total distributions in 2023 Total shareholder return Cash: In-Specie: Significantly outperformed Straits Times Index over the 18-month period from 33.0 cts/share $2.19i worth of SCM shares 1 Jan 2022 to 30 Jun 2023 distributed in-specie in Mar’23 for every 1H23 interim cash Keppel s
Slide 7: The Keppel difference
The Keppel difference I Established asset manager with over 20 years of track record, seasoned management team and established LP network Funds raised Capital deployed Returns achieved FUM $9.5b $17.6b 17% IRR / 1.8x $53.2b Capital raised Investments completed equity multiple As at end-Jun 2023 over
Slide 8: Connecting investors with Keppel's proprietary assets
Connecting investors with Keppel’s proprietary assets Providing exclusive access to high-quality, strategic infrastructure, real estate and connectivity assets that produce strong inflation-protected cash flows, leveraging Keppel’s deep operating capabilities. Keppel Sakra Keppel Data Bifrost Subsea
Slide 9: Accelerating growth in asset management
Accelerating growth in asset management Laser-focused to grow FUM to $100b by 2026 and $200b by 2030 AUMi FUM >$13b $65.6b of asset and M&A deals currently Connectivity $53.2b being pursued across Infrastructure, 13% Connectivity Real Estate and Connectivity Real Estate 16% 62% Real Estate 62% >5 In
Slide 10: With an established track record as an asset manager and the deep domain knowledge
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. 10
Slide 11: 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