Slide 1: Investor Meetings in Singapore and Hong Kong
Investor Meetings in Singapore and Hong Kong 9 - 14 October 2019
Slide 2: Outline
Outline ◼ Introduction ◼ Proposed Acquisitions of KDC SGP 4 and DC1 ◼ Additional Information Important Notice: The past performance of Keppel DC REIT is not necessarily indicative of its future performance. Certain statements made in this presentation may not be based on historical information or fa
Slide 3: Introduction
Introduction yy) DC REIT 74
Slide 4: Highlights for 1H 2019
Highlights for 1H 2019 Steady DPU growth Low aggregate leverage since listing of 31.9% provides financial flexibility to pursue growth Stable income stream Limited interest rate with portfolio occupancy exposure with 80% of Investment merits of 93.2% and long borrowings hedged over WALE of 7.8 years
Slide 5: Portfolio Growth since Listing
Portfolio Growth since Listing Keppel DC Keppel DC Intellicentre 3 Keppel DC DC located at 18 maincubes Keppel DC Singapore 3 Dublin 2 East Data Centre Singapore 4 Riverside Road Data Centre Singapore 5 (KDC SGP 4)2 Singapore (DC1)2 Cardiff Data Centre Milan Data Centre Post-completion Intellicentre
Slide 6: Proposed Acquisitions of KDC SGP 4 and DC1
Proposed Acquisitions of KDC SGP 4 and DC1
Slide 7: Strengthening Foothold in Singapore
Strengthening Foothold in Singapore 99% Interest in 100% Interest in the DC Portfolio AUM to increase by Keppel DC Singapore 4 located at 18 Riverside Road 30.7% to $2.58b with an (KDC SGP 4) Singapore (DC1) enlarged base of 17 assets ▪ Five-storey carrier-neutral and ▪ Five-storey purpose-built fac
Slide 8: DPU-accretive Acquisitions
DPU-accretive Acquisitions Pro Forma DPU1 (cents) ▪ Accretion without KDC SGP 4 tax transparency: 10% Proposed Acquisitions are expected ▪ Accretion with KDC SGP 4 tax transparency: 13% to be DPU-accretive Effects of the Proposed Actual With With With Acquisitions FY2018 KDC DC1 KDC SGP 4 8.271, 2 F
Slide 9: Improvement in portfolio occupancy and lease profile
Improvement in portfolio occupancy and lease profile Higher portfolio occupancy and longer WALE ▪ Well-spread lease expiry with less than 5% of leases up for renewal between 2019 and 2020 Portfolio Occupancy from 93.2% to Lease expiry profile (by leased area) 67.3% 65.4% 94.11% As at 30 Jun 2019 Por
Slide 10: Stronger platform for growth
Stronger platform Greater leasing synergies and for growth operational efficiency Aggregate Leverage from 31.9% to KDC SGP 4: 30.3%1 ▪ Proximity to KDC SGP 2 and KDC SGP 3: Strengthens the REIT’s presence within Tampines Industrial Park post-completion ▪ Potential to achieve leasing synergies, incre
Slide 11: Strengthens foothold in Singapore
New demand in Singapore is estimated to grow at a CAGR of Strengthens foothold in Singapore 9.4% between 2018 and 20221 Portfolio AUM in Singapore to increase from Large hyperscale cloud providers 51.1% as of 30 Jun 2019 to 62.7% post-completion could potentially take up around 40% of Singapore’s co
Slide 12: Proposed acquisitions subject to Unitholder approval at EGM
The proposed acquisitions are subject to, and conditional upon, among others, the approval of the Unitholders of Keppel DC REIT at an extraordinary general meeting. Resolution 1: The Proposed Acquisition of 99% Interest in Keppel DC Singapore 4 (KDC SGP 4) and the entry into the Keppel Lease Agreeme
Slide 13: Thank You
Thank You yy) DC REIT 13 f
Slide 14: Additional Information
Additional Information yy) DC REIT 14 f
Slide 15: Key Property Information
Key Property Information The proposed acquisitions are 99% Interest in 100% Interest in the DC subject to, and conditional upon, Keppel DC Singapore 4 located at 18 Riverside Road, (KDC SGP 4) Singapore (DC1) among others, the approval of the Unitholders of Keppel DC REIT at an 20 Tampines Street 92
Slide 16: Rental income breakdown for the month of Jun 2019
Rental income breakdown for the month of Jun 20191 Existing Portfolio Enlarged Portfolio By trade sector: By trade sector: Internet Internet enterprise enterprise Corporate 46.8% Corporate 48.5% 1.6% 1.5% Financial Financial services 7.9% services 6.5% Telecoms Telecoms IT services 19.7% IT services
Slide 17: What is a Data Centre?
What is a Data Centre? ▪ Facilities that house servers and network equipment, supporting clients’ critical business operations ▪ Requires technical expertise and intricate understanding of the industry and clients’ needs Internet Connectivity Fire suppression and building monitoring systems Physical
Slide 18: Portfolio Overview (as at 30 Jun 2019)
Portfolio Overview (as at 30 Jun 2019) Attributable No. of Occupancy Valuation2 WALE Location Interest lettable area Lease type Land lease title clients1 rate (%) ($m) (years) (sq ft) Asia Pacific Leasehold Keppel lease / Keppel DC Singapore 1 Singapore 100% 109,721 17 86.9 287.0 2.8 (Expiring 30 Se
Slide 19: Portfolio Overview (as at 30 Jun 2019)
Portfolio Overview (as at 30 Jun 2019) Attributable lettable No. of Occupancy Valuation2 WALE Location Interest Lease type Land lease title area (sq ft) clients1 rate (%) ($m) (years) Sydney, Triple-net Intellicentre 2 Data Centre 100% 87,930 1 100.0 51.0 16.1 Freehold Australia (Shell & core) A$26.
Slide 20: Overview of Lease Arrangements
Overview of Lease Arrangements Responsibilities of Owner Maintenance Insurance Lease Asia Pacific Description Property Building Refresh Arrangement Capex Opex Tax Keppel lease1 / ◼ Client: Pays rent Keppel DC Singapore 1 ✓ ✓ ✓ ✓ Colocation4 ◼ Owner: Bears all expenses; responsible for facilities man
Slide 21: Overview of Lease Arrangements
Overview of Lease Arrangements Responsibilities of Owner Maintenance Lease Insurance Europe Description Property Building Arrangement Refresh Capex Opex Tax Cardiff Data Centre Triple-net lease ◼ Client: Pays rent and all outgoings; responsible for facilities management - - - - GV7 Data Centre Tripl