Slide 1: Annual General Meeting
Annual General Meeting Presentation by Mr Loh Chin Hua, CEO 2 June 2020
Slide 2: 2019 Financial Performance
2019 Financial Performance Net Profit 948 169 S$707m S$7.6b S$260m 707 Net Profit Revenue Recurring Income 11 S$m 169 942 517 6.3% 20 cts S$653m 10 Return on Equity Cash Dividend Free Cash Outflow 0 per Share (109) (54) FY 2018 FY 2019 Offshore & Marine Property Infrastructure Investments 2
Slide 3: Offshore & Marine
Offshore & Marine Net Orderbook i • Net profit of S$10m for FY 2019 4.4 • Keppel O&M returned to profitability for the 0.7 4.0 first time since FY 2016 0.7 • Focused on execution 2.4 • Delivered 13 newbuild and conversion S$b 2.2 0.1 projects in 2019 0.1 0.2 • New contract wins of >S$2.0b in 2019, u
Slide 4: Property
Property • Net profit of S$517m for FY 2019, with significant Home Sales contributions from China and Vietnam markets 5,150 250 • Completed 9 acquisitions worth S$0.5b across China, 4,440 300 Vietnam and India in 2019 780 250 • Sold total of 5,150 units in 2019, up 16% yoy 350 950 160 Units • Positi
Slide 5: Infrastructure
Infrastructure • Net profit of S$169m for FY 2019 • Keppel Infrastructure grew net profit by 14% yoy to S$133m on improved performance from Energy Infrastructure & Environmental Infrastructure • Keppel Marina East Desalination Plant to commence operations in 2020 • Hong Kong Integrated Waste Managem
Slide 6: Investments
Investments • Net profit of S$11m for FY 2019 • Keppel Capital • Net profit grew 19% yoy to S$74m • AUM grew 14% yoy to S$33b as at end-2019 • M1 • Completed privatisation of M1, which contributed S$153m i to Group’s earnings • M1, together with StarHub, won a 5G license in Singapore in April 2020 •
Slide 7: Key Questions from Shareholders
Key Questions from Shareholders 1. Impact of COVID-19 on Keppel’s businesses and outlook 2. Keppel’s long-term strategy – Vision 2030 3. Dividend policy 4. Pre-conditional partial offer 7
Slide 8: Offshore & Marine
Offshore & Marine Affected by both COVID-19 and sharp fall in oil prices Yards in Singapore Several projects delayed Actively seeking Keppel O&M is leaner provided essential due to workforce/supply opportunities in gas & and more diversified services during circuit chain disruptions. Served renewabl
Slide 9: Property
Property COVID-19 impact varies across markets • Singapore - Home sales slowed down with closure of showrooms • China - Strong recovery in market sentiments • Vietnam - Demand remains healthy • Continuing demand for quality real estate in key Asian cities where we operate, driven by urbanisation & g
Slide 10: Infrastructure & Connectivity
Infrastructure & Connectivity Sectors relatively resilient to the pandemic • Keppel-led consortium awarded S$1.5b contract for Phase 1 of Singapore’s Tuas Nexus Integrated Waste Management Facility • More enquiries on new data centre capacity across Asia & Europe • Demand for M1 postpaid mobile serv
Slide 11: Asset Management
Asset Management A growth engine for the Group Investors continue to be attracted to Keppel Capital Fund raising and Continue to work • Launched Keppel Asia Infrastructure Fund transactions may take towards S$50b • Total commitments of ~US$1.5b YTD from investors more time due to travel AUM target i
Slide 12: Responding to COVID-19
Responding to COVID-19 COVID-19 Task Force Employees Stress tested different Health & well-being of our scenarios. Currently focusing employees, including on safe resumption of work foreign workers, remain and how we can emerge our top priority stronger after the pandemic Supporting Communities Emer
Slide 13: Vision 2030
Vision 2030 Charting Keppel's future as ONE integrated business, collaborating to provide solutions for sustainable urbanisation • Focus on four key areas: Energy & Environment, Urban Development, Connectivity and Asset Management, part of a connected value chain • Strategic M&A transactions to grow
Slide 14: Additional Questions Posed by Shareholders
Additional Questions Posed by Shareholders On our Dividend Policy We have no formal dividend policy but have consistently paid out about 40-50% of net profit as dividends in the past few years. On the Pre-conditional Partial Offer We are unable to comment on the pre-conditional partial offer. We con
Slide 15: Thank You
Thank You 15