Keppel Dc Reit · SGX:AJBU
Keppel Dc Reit — Shareholder Meeting (April 2025)
15 slides from Keppel Dc Reit's shareholder meeting presentation, Apr 15, 2025
Slide 1: Annual General Meeting
Annual General Meeting 15 April 2025
Slide 2: FY 2024 Highlights
Ol FY 2024 Highlights Gt} DC REIT
Slide 3: FY 2024 Key Highlights
FY 2024 Key Highlights Creating Unitholder Value Delivering Strong Portfolio Performance Positioning for Future Growth Total Unitholder Return AUM Growth Aggregate Leverage 20.6% 40.0% ~$770m debt headroom $5.0b 20.0% $3.9b +36% 31.5% FSTREI KDCREIT 0.0% -6.2% 2023 2024 31 Dec 2024 9.451 cts ~39% ~$
Slide 4: Robust Financial Performance
Robust Financial Performance Distributable Income ($’000)1 ($’000) FY 2024 FY 2023 % Change 167,718 172,733 Gross Revenue 310,287 281,207 +10.3 Property Expenses (50,001) (36,256) +37.9 Net Property Income 260,286 244,951 +6.3 FY 2023 2024 Finance Income 15,390 10,929 +40.8 Distribution Per Unit (ce
Slide 5: Dynamic Portfolio Management
Dynamic Portfolio Management as at 31 Dec 2024 High Portfolio Occupancy Building a Resilient, Future-proof Portfolio 97.2% 1 • Capitalise on growth opportunities within hyperscale segment Healthy Portfolio WALE • Strengthened foothold in Singapore with the acquisition 6.3 years2 of Keppel DC Singapo
Slide 6: Staggered Contract Expiry Profile
Staggered Contract Expiry Profile as at 31 Dec 2024 By Lettable Area By Rental Income 51.3% 27.6% 30.0% 22.1% 15.4% 14.2% 7.6% 6.7% 7.3% 8.4% 5.0% 4.4% 2025 2026 2027 2028 2029 ≥2030 2025 2026 2027 2028 2029 ≥2030 Colocation 4.5% 2.7% 1.4% 2.7% 5.9% 2.5% Colocation 13.7% 7.7% 2.2% 12.0% 27.4% 12.4%
Slide 7: Diversified Global Client Base
Diversified Global Client Base • Proportion of rental income from hyperscalers has increased post-acquisition of KDC SGP 7 & 8 Top 10 Clients3 Trade Sector Rental Income1 Rental Income by Trade Sector1 Fortune Global 500 Company (Hyperscaler) Internet Enterprise 39.2% Internet Fortune Global 500 Com
Slide 8: Agile Financial Management
Agile Financial Management Key Metrics As at 31 Dec 2024 Change from 30 Sep 2024 Aggregate Leverage1 31.5% -820 bps 3.1% (4Q 2024) -20 bps Average Cost of Debt2 3.3% (YTD) -10 bps Weighted Average Debt Tenor 3.2 years -0.2 years Weighted Average Hedge Tenor 2.7 years -0.2 years Interest Coverage Rat
Slide 9: Favourable Debt Profile
Favourable Debt Profile as at 31 Dec 2024 Proportion of Fixed to Floating Loans • Launched equity fund raising in 4Q 2024, comprising Private Placement ($700m) and Preferential Offering ($301m) as well as Sponsor Fixed Floating Subscription ($85m) which was completed in Feb 2025 66% 34% Debt Debt Ma
Slide 10: ESG Highlights
ESG Highlights ENVIRONMENTAL RESPONSIBLE PEOPLE & STEWARDSHIP BUSINESS COMMUNITY EMISSIONS GRESB TRAINING AND DEVELOPMENT 15.5% decrease in total Scope 1, 2 and Green Star designation achieved for ~32 training hrs per employee, 3 emissions from 2023 due to a key the third consecutive year since exce
Slide 11: 1Q 2025 Updates
02 10 2025 Updates iGy):y3 | DC REIT
Slide 12: Active Portfolio Rebalancing
Active Portfolio Rebalancing Enables capital Basis Bay Data Centre Kelsterbach Data Centre redeployment to higher yield opportunities to better optimise returns Location Cyberjaya, Malaysia Kelsterbach, Germany Divestment Price1 MYR 55.1m (S$16.7m) €50.0m (S$70.6m) FY 2024 Valuation1 MYR 53.7m (S$16
Slide 13: Keppel DC REIT's AUM has Quintupled Since IPO
Keppel DC REIT’s AUM has Quintupled Since IPO ~$5.0b AUM: ~$5.0b2,3 Assets under management has grown five-fold from listing ~17% 25 assets CAGR 3.7 3.7 Across Asia Pacific and Europe 3.4 vs eight assets at listing AUM: ~$1.0b 2.6 3.0 2.0 235.8% 1.5 1.1 1.2 Total return since listing as at 31 Decemb
Slide 14: Diversified Global Portfolio with Strong Asia Pacific Presence
Diversified Global Portfolio with Strong Asia Pacific Presence Keppel DC REIT Assets under Management ~$5.0b1 25 data centres across 10 countries AUM Breakdown1 Asia Pacific 80.7% Europe 19.3% Singapore 65.3% Germany 4.5% Australia 5.4% Ireland 6.1% China 5.5% Italy 1.1% Japan 4.2% The Netherlands 4
Slide 15: 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