Keppel Ltd. · SGX:BN4
Keppel — Investor Day (August 2024)
31 slides from Keppel's investor day presentation, Aug 20, 2024
Slide 1: Operating Platform presentations
Operating Platform presentations Investor Day, 20 August 2024
Slide 2: Infrastructure
Infrastructure Ms Cindy Lim, CEO, Infrastructure Investor Day, 20 August 2024
Slide 3: Integrated power business
01 Integrated power business 29
Slide 4: Stable growing demand, reduced market volatility
Stable growing demand, reduced market volatility Singapore’s electricity demand will continue to grow organically… Integrated Power Business 3.7% - 5.7% 1H 2023 1H 2024 Change Peak Demand CAGR1 ($’m) ($’m) (%) 11 GW Revenue 2,263 2,005 - 11% 8.3 GW EBITDA 315 356 + 13% Operating Income 261 317 + 21%
Slide 5: Competitive advantages capacity and margin expansion
Competitive advantages capacity and margin expansion Develop & Build Manage/ Operate Monetise 01 02 03 04 Asset Operational Recurring Capital Light Capability Operating Income Recycling Co-invested by KAIF, Origination, project Operations & Potential for future generating asset development, engineer
Slide 6: Future ready and resilient higher capacity with lower carbon intensity
Future ready and resilient higher capacity with lower carbon intensity Hydrogen-ready H-class CCGT +1.6 GW Zero-carbon power New generation capacity; doubling existing capacity 3.0 GW in next 5 years 2.0 GW 1.4 GW Existing CCGTs 2024 2026 2030 20% Reduction in carbon intensity 0.3661 0.358 0.294 thr
Slide 7: Strong margins in 2024 underpinned by robust portfolio
Strong margins in 2024 underpinned by robust portfolio >99% of our customers are locked in on fixed or indexed Diversified customer base electricity price plans, delivering healthy recurring revenue No more than 30% concentration in any one sector 60% of portfolio is on long-term contracts of With a
Slide 8: Decarbonisation & sustainability solutions
02 Decarbonisation & sustainability solutions 34
Slide 9: World class technology provider with global track record
World class technology provider with global track record China Bialystok, Poland 67 lines installed 372 TPD >20 projects c. 37,000 TPD of waste processing capacity First WTE in Poland Manchester, UK 2,330 TPD Hong Kong Number of projects 3,000 TPD 1-10 Largest WTE in UK 11-100 Mesaieed, Qatar First
Slide 10: Target markets and offerings
Target markets and offerings Strong pipeline of WTE in markets with existing WTE plants due for replacement Europe Technology Technical Plant Follow-up Life Solutions Services & Upgrade Extension Europe North/East Asia 51 Projects 25 Projects Huge replacement market potential MENA New build and repl
Slide 11: Capturing landmark EaaS projects and beachheads overseas
Capturing landmark EaaS projects and beachheads overseas Entry into China HDB Cooling-as-a-Service Largest deployment of ultrafast • Entered China with 11,000RT • 5,250RT designed capacity chargers at a single site in designed capacity for • Replicable in other precincts Southeast Asia Perennial Hol
Slide 12: Strong earnings growth from solutions and services riding the energy transition momentum
Strong earnings growth from solutions and services riding the energy transition momentum Recurring, steady cash flow over the next 10-15 years Actively developing low-carbon energy value chain Developing strong capabilities and $5.2b long-term contracts secured 2.5x EBITDA growth target partnerships
Slide 13: Thank you
Thank you
Slide 14: Real Estate
Real Estate Mr Louis Lim, CEO, Real Estate Investor Day, 20 August 2024
Slide 15: We see trends shaping the trajectory of asset values in Asia
We see trends shaping the trajectory of asset values in Asia Adaptive Re-use Live-work-play integration evolving in urban centres Sustainability Old buildings and precincts requiring a new, greener lease on life Senior Living Rising market for aging-well products and services Market Dynamics Opportu
Slide 16: Recent acquisitions leverage Keppel's SUR capabilities
Recent acquisitions leverage Keppel’s SUR capabilities to drive sustainability performance and returns The Asset Enhancement Initiatives in Inno88, Seoul, produced: 30% Decrease in energy consumption 27% Increase in gross floor area INNO88, SEOUL For One Paramount, Chennai, we are targeting to achie
Slide 17: Building on our experience to grow urban renewal, urban solutions and retail platforms
Building on our experience and expertise to grow our urban renewal, urban solutions and retail platforms Sustainable Urban Renewal – Ngee Ann Polytechnic Retrofitting School of Design & Environment for net zero NGEE ANN POLYTECHNIC, SINGAPORE Urban Solutions – Joint Venture with Jinan Pioneer Provid
Slide 18: We opened our first award winning senior living asset in Asia
We opened our first award winning senior living asset in Asia SINDORA LIVING, Global iF Design Award (Germany) NANJING For the holistic transition programme to help elders assimilate to their new environment Gold Certification for Leadership in Energy and Environmental Design (United States) US Gree
Slide 19: Our real estate credentials differentiate our real estate fund proposition
Our real estate credentials and operating capabilities differentiate our real estate fund proposition Debt Core Core+ Value Add Opportunistic K Private Credit Keppel Asia Macro China Logistics Keppel REIT Separate Accounts Fund Trends Fund Series Property Fund Keppel Pacific Oak Keppel Vietnam KSURF
Slide 20: Thank you
Thank you
Slide 21: Connectivity
Connectivity Mr Manjot Singh Mann, CEO, Connectivity & CEO, M1 Investor Day, 20 August 2024
Slide 22: Surging data demand driven by AI trends
Surging data demand driven by AI trends AI requirements on compute have been increasing by 10 times every two years since 2022, a trend forecasted to continue1 Rising AI market boosts hyperscale demand ~28% CAGR >10X ~ 100X Projected growth of AI in >50% Existing hyperscale demand for global DC capa
Slide 23: Fueling growth through strategic expansion
Fueling growth through strategic expansion Established footprint across 7 countries, and 4 new target markets in Asia Pacific and Europe; highly targeted approach focused on high growth markets with strong customer demand Our expansion strategies • Deepen foothold in existing markets United Kingdom
Slide 24: Creating sustainable DC campuses building on Keppel's ecosystem
Creating sustainable DC campuses building on Keppel’s ecosystem Infrastructure Real Estate Connectivity Renewable Energy Real Estate as Master Developer Data Centres • Wind energy, Laos-Thailand-Malaysia- • Premier real estate developer • Efficient operating model (end-to-end Singapore Power Integra
Slide 25: DataPark+
DataPark+ Redefining data centres through cutting-edge technology and sustainable, community-centric solutions aligned with Singapore’s Green DC Roadmap Singapore’s Green DC Roadmap Energy efficiency improvements • Tropical DC methodologies to reduce energy needed for air-cooling DataPark+: A scalab
Slide 26: Floating DC
Floating DC Designed to enable submarine cable connections directly between shoreside infrastructure and other regions; the design improves Power and Water Usage Effectiveness using technologies such as seawater cooling Design Development: In progress, working together with contractor and customer E
Slide 27: Bifrost Cable System
Bifrost Cable System Enabling data centres with the world’s largest capacity high-speed optical cable and subsea connectivity hub across the Pacific Ocean and beyond • Cable laying operations: >80% completed to-date, with completion expected by early 2025 • Main trunk targeted to be ready for servic
Slide 28: Digital connectivity solutions
Digital connectivity solutions B2B revenue 69% 11% Digital Platform successfully implemented 1H 1H 2021 2022 2023 1H24 Mobile & FBB Customers 100% Migrated 5G SA Network Enterprise Biz >99% coverage nationwide double digit growth From 200+ Databases Now 1 Data Lake 36 5G enterprise use cases deploye
Slide 29: Redefining digital infrastructure to enhance how we live, work and connect
Redefining digital infrastructure to enhance how we live, work and connect with one another An integrated ecosystem that creates a seamless digital experience Data centres Bifrost Cable System Cloud native digital platform Enabling the future of AI through Providing global connectivity Empowering bu
Slide 30: Thank you
Thank you
Slide 31: 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