Slide 1: 3Q 2020 Operational Updates
3Q 2020 Operational Updates 21 October 2020
Slide 2: Operational Performance
Operational Performance Resilient year-to-date performance Resilient Group EBITDA performance supported by strong operational execution, productivity improvements and prudent cost management, in particular for Ixom and City Gas All businesses and assets are classified as essential services No operat
Slide 3: 3Q 2020 Business Updates - Distribution & Network
3Q 2020 Business Updates - Distribution & Network Operational Cash Flows ($m) City Gas City Gas (13)% 11.2 • Customer base grew 0.9% YoY to 864,000 as at end-Sep 2020 9.8 • Continued improvement in town gas demand from Commercial & Industrial customers after Singapore entered Phase 2 of re-opening •
Slide 4: 3Q 2020 Business Updates - Energy and Waste & Water
3Q 2020 Business Updates - Energy and Waste & Water Operational Cash Flows ($m) Energy 12.5 Keppel Merlimau Cogen Plant 16% • Achieved 100% contracted availability 10.8 • Cash flows were lower in 3Q 2019 due to unplanned maintenance expense • KMC has no tariff exposure to the Singapore wholesale ele
Slide 5: Balance Sheet and Capital Management
Balance Sheet and Capital Management Balance Sheet As at 30 Sep 2020 Debt Repayment Debt Breakdown by ($m) Profile Currency > 5 yr Cash 532 < 1 yr 19.4% 31.7% Borrowings 2,239 A$55.0% S$45.0% Net debt 1,707 Total assets 5,070 1-5 yrs Total liabilities 3,486 48.9% Annualised EBITDA1 379 Amount Maturi
Slide 6: Three-pronged Growth Strategy
Three-pronged Growth Strategy Value Operational Focused Creation Excellence Acquisition • Generate sustainable cash • Achieve operational excellence • Seek leading businesses and flows from the Trust’s well- and asset optimisation to extract assets with the following diversified portfolio of further
Slide 7: Thank You
Thank You Constituent of: www.kepinfratrust.com MSCI Singapore FTSE ST Large Connect with us on: Small Cap Index & Mid-Cap Index City Gas
Slide 8: Additional Information
Additional Information SingSpring Desalination Plant
Slide 9: Resilient Distributable Cash Flows
Resilient Distributable Cash Flows 3Q 2020 3Q 2019 +/(-) 9M 2020 9M 2019 +/(-) S$’000 S$’000 % S$’000 S$’000 % Distribution & 22,982 34,244 (32.9) 91,419 79,194 15.4 Network City Gas 9,826 11,234 (12.5) 38,837 37,496 3.6 Ixom 13,156 21,683 (39.3) 52,582 37,717 39.4 DC One1 - 1,327 (100.0) - 3,981 (1
Slide 10: Driving Sustainable Growth
Driving Sustainable Growth KIT’s strategic goal is to deliver sustainable returns to its Unitholders, through a combination of recurring distributions and capital growth over the long term Anchored By a growing portfolio of strategic businesses and assets across a broad range of highly defensive ind
Slide 11: Portfolio Overview
Portfolio Overview Description Customer and contract terms Primary source of cash flows City Gas Fixed margin per unit of gas sold, Distribution & Network Sole producer and retailer of piped town Over 860,000 commercial and residential with fuel and electricity costs passed Singapore gas customers t
Slide 12: Important Notice
Important Notice The information contained in this presentation is for information purposes only and does not constitute or form part of, and should not be construed as, any offer or invitation to sell or issue or any solicitation of any offer or invitation to purchase or subscribe for any units (“U