Keppel Ltd. · SGX:BN4
Keppel — Shareholder Meeting (April 2024)
9 slides from Keppel's shareholder meeting presentation, Apr 19, 2024
Slide 1: Annual General Meeting
Annual General Meeting Presentation by Mr Loh Chin Hua, CEO 19 April 2024
Slide 2: Transformed for growth
Transformed for growth Delivered on strategy with strong shareholder returns. 2023: One of the most transformational years in Keppel’s history Total shareholder returns Divested O&M Accelerating growth Renamed Keppel Ltd. business Announced strategic acquisition of Started operating as one Keppel: U
Slide 3: Highest profit on record
Highest profit on record Net Profit Recurring Income $4.1b $4.1b $773m +54% yoy Achieved highest profit on Reflecting Keppel’s record in FY23, more than strategy, and our shift away quadruple that of FY22 from lumpy EPC and $503m development profits 687 37.9% 412 88% $927m ROE for FY23, compared Of
Slide 4: Rewarding shareholders
Rewarding shareholders FY23 ~$2.70/share $0.19/share dividends $0.167/share $2.19i/share $0.15/share Total FY23 final DIS of 1H23 interim cash dividend KREIT units DIS of cash dividend SCM shares i The figure of $2.19 is rounded to the nearest two decimal places; calculated based on a division of (a
Slide 5: Accelerating growth in asset management
Accelerating growth in asset management Laser-focused to scale FUM to $100b by end-2026 and $200b by end-2030 Funds Under Managementi Driving organic growth +153% $200b 18 4 >$14b Private funds/SMAs New funds being Deal flow pipeline across infrastructure, real planned for launch $79b estate and con
Slide 6: Strong interest in Keppel's real assets
Strong interest in Keppel’s real assets Increase in fundraising and dealmaking activities expected as inflation eases and interest rates stabilise in 2024. Infrastructure Real estate Connectivity Keppel Sakra Cogen Plant Keppel South Central DataPark+ • Global energy transition and • Pressing need t
Slide 7: Strategic acquisition of leading European asset manager
Strategic acquisition of leading European asset manager Acquisition of initial 50% stake in Aermont to be completed in 1H24 Immediate, significant foothold Accelerating FUMi growth in Europe Expands asset mgmt capabilities beyond $60b $200b Asia Pacific, bolstering Keppel’s presence Potential to fur
Slide 8: Conclusion
Conclusion • Harnessed Keppel’s deep industrial roots to transform the Company into a global asset manager and operator • Providing unparalleled value proposition to investors with our strong investment track record, operating capabilities and domain knowledge • Investors find Keppel’s active value
Slide 9: 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