Keppel Ltd. · SGX:BN4

Keppel — Shareholder Meeting (April 2018)

17 slides from Keppel's shareholder meeting presentation, Apr 20, 2018

  1. Slide 1: Annual General Meeting

    Annual General Meeting Presentation by CFO Mr Chan Hon Chew 20 April 2018 1

  2. Slide 2: Resilience through Multi-business Strategy

    Resilience through Multi-business Strategy Gas Environmental Strategy Infrastructure Large-scale Mixed-use Urban Developments Asset Omnichannel Logistics & Management Channel Management Platform Solutions 2

  3. Slide 3: Financial Performance

    Financial Performance FY 2017 net profit  Net profit of S$217m S$217m, down 72% yoy  Excluding one-off global resolution and related costs of S$619m, net profit would have been S$836m 836 784  Year-on-year, all Divisions other than O&M registered strong 619 growth S$m  Free cash inflow of S$1,80

  4. Slide 4: Offshore & Marine

    Golar Hilli Episeyo – the world’s first converted FLNG vessel Offshore & Marine 4

  5. Slide 5: Offshore & Marine

    Offshore & Marine FY 2017 net loss  One-off impact from global resolution and related costs of S$619m S$835m FY 2016 FY 2017  Made S$81m additional provision for losses on Sete’s 29 semis and S$54m impairment on other assets 34 0 (5)ii (213)  New orders amidst tough conditions (3)  Secured ~S$1.

  6. Slide 6: Offshore & Marine

    Offshore & Marine Net orderbooki  10 major projects delivered in 2017, including the world’s S$3.9b as at end-2017 first FLNG conversion  Novated 5 jackup rig contracts to Borr Drilling, the first of which was delivered in Jan 2018 3.9 3.7 0.1 0.1 0.1 0.7 S$b 2.3 2.2 0.2 0.2 1.0 0.7 0 End-2016 End

  7. Slide 7: Property

    Launch of Tilia Residences in Ho Chi Minh City Property 7

  8. Slide 8: Property

    Property FY 2017 net profit  Building a multi-dimensional property company with a strong focus on returns S$685m, up 10% yoy  Announced 5 divestments totaling ~S$1.0b 685  Recognised total divestment gains of S$212mi in 2017 620 67 11  Announced 9 acquisitions totaling ~S$1.6b in 2017 112 212 in

  9. Slide 9: Property

    Property  Sold over 5,480 units in 2017, with total sales value of Home sales ~S$2.8b  Tightening measures in China and timing of launches in Vietnam led to lower volumes 5,720 5,480 20 380 270  Singapore sales remained steady, with The Glades sold 380 1,520 out 1,110  Indonesia recorded higher

  10. Slide 10: Property Portfolio

    Property Portfolio  Residential landbank of ~63,000 homes as at end-2017, after replenishing pipeline with ~5,710 homes  Total commercial portfolio can generate annual net operating income of ~S$300m when stabilisedi Residential Commercialii Launch-ready homes (units) Gross floor area (sm) 924,500

  11. Slide 11: Infrastructure

    Artist impression of the Hong Kong Integrated Waste Management Facility (IWMF) Infrastructure 11

  12. Slide 12: Infrastructure

    Infrastructure  Stronger performance driven by energy infrastructure and FY 2017 net profit infrastructure services S$132m, up 33% yoy  Key milestones 132  Jointly secured S$5.3bi DBO contract with Zhen Hua for 99 9 HK’s first IWMF 20 20 3 29  Keppel Marina East Desalination Plant is over 30% S$

  13. Slide 13: Investments

    Listing of Keppel-KBS US REIT on the Singapore Exchange Investments 13

  14. Slide 14: Investments

    Investments FY 2017 net profit  Investments Division becoming a stronger contributor to the Group S$235m, up >500% yoy  Sino-Singapore Tianjin Eco-City on track for long-term 235 growth  Keppel REIT and Keppel DC REIT made 3 acquisitions totaling S$670m 152 S$m  Listed Keppel-KBS US REIT on SGX-

  15. Slide 15: Strong Track Record in Master Development

    Strong Track Record in Master Development 2008 Sino-Singapore Tianjin Eco City  Total land area ~30 sq km, over 45% of which has been developed/sold  Keppel’s 45% stake in the master developer yielded S$120m net profit in FY2017 2017 15 15

  16. Slide 16: Shaping the Future

    Shaping the Future Our mission: Guided by our operating principles and core values, we will deliver solutions for sustainable urbanisation profitably, safely and responsibly. 16

  17. Slide 17: Forward-looking statements disclaimer

    This presentation may contain forward-looking statements which are subject to risks and uncertainties that could cause actual results to differ materially from such statements. Such risks and uncertainties include industry and economic conditions, competition, and legal, governmental and regulatory

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