Keppel Infrastructure Trust · SGX:A7RU
Keppel Infrastructure Trust — Merger or Acquisition (October 2025)
17 slides from Keppel Infrastructure Trust's merger presentation, Oct 22, 2025
Slide 1: Proposed Investment in, and Subsequent Funding of, Global Marine Group
Proposed Investment in, and Subsequent Funding of, Global Marine Group, a Leading Subsea Cable Services Provider 22 October 2025
Slide 2: Important Notice
Important Notice NOT FOR DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES, EUROPEAN ECONOMIC AREA, CANADA, JAPAN, MALAYSIA, THAILAND OR AUSTRALIA The information contained in this presentation is for information purposes only and does not constitute or form part of, a
Slide 3: Transaction Overview
Transaction Overview ▪ Proposed acquisition by KIT of c.46.7% interest in Global Marine Group (“GMG”) from Keppel Infrastructure Fund (“KIF”) ▪ The Total Investment Amount of approximately US$91.7 million comprises the Subscription Consideration1 of approximately US$86.6 million, which does not incl
Slide 4: Overview of Global Marine Group
Overview of Global Marine Group ▪ One of the world’s largest independent subsea cable solutions providers with highly predictable and defensive cash flows ▪ Headquartered in the United Kingdom, GMG provides mission-critical maintenance and installation services for subsea cable infrastructure ▪ c.80
Slide 5: Key Investment Highlights
Key Investment Highlights Global Marine Group
Slide 6: Key Investment Highlights
Key Investment Highlights Strategic investment underpinned by strong fundamentals 1 Strong market fundamentals with favourable demand and supply dynamics 2 Market-leading positions across a complementary suite of subsea services 3 Recurring revenue from long-term contracts with cost pass-through 4 H
Slide 7: 1. Strong Market Fundamentals with Favourable Demand and Supply Dynamics
1. Strong Market Fundamentals with Favourable Demand and Supply Dynamics 1 Global structural themes are driving industry tailwinds … 2 … leading to the expected growth of … Global Installed Subsea Cable Base Length (units: thousands km) Fast-growing cloud spending / adoption due to 6% efficiencies a
Slide 8: 2. Market-leading Positions Across a Complementary Suite of Subsea Services
2. Market-leading Positions Across a Complementary Suite of Subsea Services ▪ Scale and Operational Excellence: GMG has collectively installed >320,000 km and maintains >450,000 km of subsea cables globally ▪ Operational Versatility: capabilities in shallow and deep-water environments and spanning d
Slide 9: 3. Recurring Revenue from Long-term Contracts with Cost Pass-through
3. Recurring Revenue from Long-term Contracts with Cost Pass-through Maintenance Zone Contracts Charter Contracts Contracted revenue base ▪ Long-term agreements for a period of 5–7 years with risk ▪ Contracts provide for defined annual payments sharing across consortium members regardless of actual
Slide 10: 4. High Barriers to Entry and Strong Customer Relationships
4. High Barriers to Entry and Strong Customer Relationships High Barriers to Entry GMG Positioning Fostered strong customer relationships in existing maintenance zones, underscoring its reputation for reliability and proven ability to renew maintenance contracts Full-service solution with 6 Signific
Slide 11: 5. Accretive Acquisition that Strengthens Portfolio Resiliency and Diversification
5. Accretive Acquisition that Strengthens Portfolio Resiliency and Diversification; Entry into Digital Infrastructure Segment Aligned with KIT’s Investment Focus The Proposed Transaction, together with the Future Capital Injection, are expected to: Mark KIT’s entry into Establish KIT’s a new busines
Slide 12: 6. Leveraging Keppel's Deep Operating Capabilities in the Connectivity Space
6. Leveraging Keppel’s Deep Operating Capabilities in the Connectivity Space Leverage Keppel’s operational expertise and industry know-how in the connectivity space ▪ DC development and solutions ▪ Subsea cables development / ▪ Pre-installation consultancy ▪ UJ toolkit R&D, sales, training ▪ Operati
Slide 13: EGM Timetable
EGM Timetable Global Marine Group
Slide 14: Extraordinary General Meeting (EGM) – Indicative Timetable
Extraordinary General Meeting (EGM) – Indicative Timetable Approval sought for Ordinary Resolutions 1 and 2: Independent Financial Adviser (“IFA”) 1. To approve the entry into and carrying out of the Proposed Transaction and all PrimePartners Corporate Finance Pte. Ltd. transactions contemplated und
Slide 15: Thank You
Thank You www.kepinfratrust.com Connect with us on: Global Marine Group
Slide 16: Additional Information
Additional Information ▪ Overview of Post-Completion Transaction Structure
Slide 17: Overview of Post-Completion Transaction Structure
Overview of Post-Completion Transaction Structure1 KIF Co-Investor 87.5%2 12.5%2 MidCo 53.3% 46.7%2 JVCo 100%2 1. Simplified shareholding structure outlined. It is expected that KIT’s stake in JVCo will be indirectly held through an acquisition vehicle. 2. Indirect interest. 17
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