Keppel Dc Reit · SGX:AJBU
Keppel Dc Reit — H1 2025 Earnings Presentation
26 slides from Keppel Dc Reit's earnings presentation, Jul 25, 2025
Slide 1: 1H 2025 Financial Results
1H 2025 Financial Results 25 July 2025
Slide 2: Outline
Outline 1. Key Highlights 4. Capital Management 2. Financial Updates 5. Outlook 3. Portfolio Updates 6. Additional Information Constituent of: Awards and Certifications: FTSE Straits FTSE EPRA MSCI Singapore GPR 250 1 2 Image.png Times Index Nareit Global Small Cap Index Index Series Developed Index
Slide 3: Key Highlights
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Slide 4: 1H 2025 Key Highlights
1H 2025 Key Highlights Creating Unitholder Value Strategic Portfolio Optimisation Positioning for Future Growth Distributable Income ($’000)1 Aggregate Leverage 127,128 40.0% ~$898m debt headroom 80,878 ~51% 20.0% 30.0% 1H 2024 1H 2025 Portfolio Reversion3 0.0% 30 Jun 2025 Distribution Per Unit (cen
Slide 5: Financial Updates
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Slide 6: Strong Financial Performance
Strong Financial Performance • Higher net property income mainly due to: ($’000) 1H 2025 1H 2024 % Change i. acquisitions of Keppel DC Singapore 7 & 8 and Tokyo Data Centre 1; Gross Revenue 211,309 +34.4 ii. higher contributions from contract renewals and 157,180 escalations; and partially offset by
Slide 7: Distribution Details
Distribution Details Distribution For the period from 1 Jan to 30 Jun 2025 DPU1, 2 5.133 cents Ex-distribution Date 1 Aug 2025 Record Date 4 Aug 2025 Payment Date 15 Sep 2025 1. Computed based on the distributable income to Unitholders after setting aside both Capex Reserves and an amount to partial
Slide 8: Portfolio Updates
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Slide 9: Strategic Portfolio Optimisation
Strategic Portfolio Optimisation as at 30 Jun 2025 1H 2025 Portfolio Reversion1 High Portfolio Occupancy 2 Healthy Portfolio WALE 3 ~51% 95.8% 6.9 years Continued value creation Dynamic portfolio management • Achieved reversion of >50% for a major contract renewal • On track for 30-year land lease e
Slide 10: Portfolio Contract Types and Expiries
Portfolio Contract Types and Expiries as at 30 Jun 2025 WALE1 & 2 Portfolio Contract Type % of Rental Income2 (years) Colocation 3.4 78.0% Fully-fitted 9.7 15.5% Shell and Core 6.6 6.5% Portfolio Contract Expiries Portfolio Contract Expiries (By Lettable Area) (By Rental Income) 62.6% 41.9% 28.1% 13
Slide 11: Diversified Global Client Base
Diversified Global Client Base Rental Income by Trade Sector1 Top 10 Clients3 Trade Sector Rental Income1 4 5 45.3% Fortune 1 . Global 500 Company (Hyperscaler) Internet Enterprise 0 3 .% Fortune Global 500 Company (Hyperscaler) Internet Enterprise 10.2% 2 6 % . Internet 1 6.1% Enterprise Fortune 5
Slide 12: Capital Management
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Slide 13: Agile Capital Management
Agile Capital Management Key Metrics As at 30 Jun 2025 Change from 31 Mar 2025 Improved due to repayment of Aggregate Leverage1 30.0% -20 bps higher-rate bank loans 3.0% Decrease due to lower floating Average Cost of Debt2 -10 bps (2Q and 1H 2025) rates Weighted Average Debt Tenor 3.1 years - Weight
Slide 14: Favourable Debt Profile
Favourable Debt Profile as at 30 Jun 2025 Proportion of Fixed to Floating Loans Debt Maturity Profile Floating 24% 4.4% 1.6% Fixed 3.2% 76% Debt 3.3% 5.7% 6.5% 8.1% 9.7% 6.5% 12.5% 13.6% • A 50 bps change would have a ~0.8%1 impact 9.8% 0.9% 6.3% 6.4% to 1H 2025’s DPU on a pro forma basis 1.5% 2025
Slide 15: Outlook
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Slide 16: Artificial Intelligence Powering the Data Centre Future
Artificial Intelligence Powering the Data Centre Future Developments in in artificial intelligence Asia Pacific (APAC) to become largest Strong hyperscale demand in Europe are (AI) to boost economic growth1 colocation market by 20303 driving vacancy rates to an all-time low4 Global demand for data c
Slide 17: Thank You
Thank You For more information, please visit: www.keppeldcreit.com Connect with us on: Linkedin - Free social media icons 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
Slide 18: Additional Information
06 Additional Information 18
Slide 19: Diversified Global Portfolio with Strong Asia Pacific Presence
Diversified Global Portfolio with Strong Asia Pacific Presence Keppel DC REIT Assets under Management ~$5.0b1 24 data centres across 10 countries AUM Breakdown1 Asia Pacific 81.0% Europe 19.0% Singapore 66.0% Germany 3.5% Australia 5.1% Ireland 6.4% China 5.3% Italy 1.2% Japan 4.3% The Netherlands 4
Slide 20: Portfolio Overview (as at 30 Jun 2025)
Portfolio Overview (as at 30 Jun 2025) Attributable Attributable Land lease Completion / No. of Occupancy rate WALE Interest lettable area gross Valuation3 Lease type Land lease title remaining Last Clients1 (%) (years)4 (sq ft) revenue 2 (years) refurbishment Asia Pacific Leasehold Keppel DC Singap
Slide 21: Portfolio Overview (as at 30 Jun 2025)
Portfolio Overview (as at 30 Jun 2025) Attributable Attributable Land lease No. of Occupancy WALE Completion / Interest lettable area gross Valuation3 Lease type Land lease title remaining Clients1 rate (%) (years)4 Last refurbishment (sq ft) revenue2 (years) Europe maincubes Data Centre, €118.8m Tr
Slide 22: Overview of Contractual Arrangements
Overview of Contractual Arrangements Responsibilities of Owner Insuranc Contractual Property Mainten Building Refresh Asia Pacific Description Capex Arrangement Opex ance Tax e Keppel lease1 / • Client: Pays rent Keppel DC Singapore 1 ✓ ✓ ✓ ✓ Colocation2 • Owner: Bears all expenses; responsible for
Slide 23: Overview of Contractual Arrangements
Overview of Contractual Arrangements Responsibilities of Owner Maintenance Contractual Europe Description Insurance Arrangement Property Building Refresh Capex Opex Tax maincubes Data Centre Triple-net lease • Client: Pays rent and all outgoings; responsible for facilities management - - - - • Clien
Slide 24: ESG Highlights
ESG Highlights ENVIRONMENTAL RESPONSIBLE PEOPLE & STEWARDSHIP BUSINESS COMMUNITY SCOPE 1, 2 & 3 EMISSIONS GRESB ZERO-FATALITY WORKPLACE 15.5% lower year-on-year in 2024 due Green Star designation achieved for Zero fatalities and major incidents in to a key client’s upgrading works in the third conse
Slide 25: ESG Targets and Commitments
ESG Targets and Commitments Environmental Stewardship Responsible Business People & Community Align reporting with the climate-related Obtain and maintain green certification for all Engage with local communities and disclosure requirements of the IFRS Singapore colocation assets by 2025 and obtain
Slide 26: Keppel DC REIT Structure (as at 30 Jun 2025)
Keppel DC REIT Structure (as at 30 Jun 2025) Keppel Institutional and The REIT Manager can leverage Keppel’s global asset management platform and its strong expertise as an operator in sustainability- Public Investors related solutions spanning the areas of infrastructure, real estate and connectivi