Slide 1: Second Half and Full Year 2022 Financial Results
Second Half and Full Year 2022 Financial Results 31 January 2023
Slide 2: Outline
Outline Key Highlights 3 Portfolio Updates 8 Capital Management 13 Additional Information 18 Constituent of: Awards and Certifications: FTSE Straits FTSE EPRA Nareit Global MSCI Singapore GPR 250 Times Index Developed Index Small Cap Index Index Series 1 2 1. The use by Keppel DC REIT of any MSCI ES
Slide 3: Key Highlights
Key Highlights [Keppel peat af
Slide 4: 2H 2022 Key Highlights
2H 2022 Key Highlights Resilient financial performance underpinned by quality portfolio • Distributable income and DPU for 2H 2022 increased by 7.3% and 4.8% year-on-year (y-o-y) respectively, mainly due to contributions from acquisitions and investment, proactive asset management as well as the com
Slide 5: FY 2022 Key Highlights
FY 2022 Key Highlights Sustainable Resilient & Diversified Healthy Balance Financial Growth Portfolio Sheet Higher Distributable Income Assets under Management (AUM) Aggregate Leverage3 $184.9m $3.7b 36.4% for FY 2022, 7.7% higher y-o-y, due mainly to as at 31 Dec 2022, an increase from $3.4b as at
Slide 6: Higher Distributable Income and DPU
Higher Distributable Income and DPU 2H 2022 vs 2H 2021 Distributable Income ($’000) 1 Distribution Per Unit (cents)2 • Higher distributable income and DPU were mainly due +7.7% +3.7% 10.214 to contributions from the: 171,606 184,872 9.851 o Acquisitions of Guangdong Data Centre 1, 2 & building shell
Slide 7: Distribution Details
Distribution Details Distribution for the period from 1 Jul to 31 Dec 2022 DPU 5.165 cents1 Ex-distribution Date 7 Feb 2023 Record Date 8 Feb 2023 Payment Date 14 Mar 2023 1. DPU was computed based on the distributable income to Unitholders after the deduction of Capex Reserves that has been set asi
Slide 8: Portfolio Updates
Portfolio Updates [Keppel peat 3f
Slide 9: Diversified Portfolio of Quality Data Centres
Eindhoven Campus, the Netherlands Diversified Portfolio of Quality Data Centres • Strengthened portfolio occupancy from 98.3% as at end-2021 to 98.5%1 as at end-2022 • Lengthened WALE from 7.5 years as at end-2021 to 8.4 years2 as at end-2022 • Continued leasing momentum with healthy renewals and ex
Slide 10: High-quality Global Client Base
High-quality Global Client Base • Majority of rental income is derived from clients with investment grade or equivalent credit profiles • Number of unique clients as at 31 Dec 2022: 80 Rental Income by Trade Sector Rental Income by Type of Contracts Top 10 Clients (for the month of Dec 2022)1 (for t
Slide 11: 2022 ESG Highlights
2022 ESG Highlights Environmental Stewardship Responsible Business • Progressive implementation of Taskforce • Dedicated Board ESG Committee on Climate-related Financial Disclosures (TCFD) recommendations Environmental • Singapore colocation assets maintained Stewardship green certifications in 2022
Slide 12: Demand for Data Centres Set to Grow
Demand for Data Centres Set to Grow Keppel DC Dublin 2, Dublin • Worldwide colocation market continues to expand at a double-digit growth rate (2022 estimate: 14%, 2023 estimate: 15%), with hyperscalers accounting for the bulk of the growth1 • Enterprise spending on cloud infrastructure services in
Slide 13: Capital Management
Capital Management [CAS De REIT Bg
Slide 14: Favourable Debt Profile
Favourable Debt Profile • Debt is diversified across five currencies, with the bulk of debt expiring from 2026 and beyond • Healthy aggregate leverage provides debt headroom for growth opportunities As at Change from Debt Maturity Profile as at 31 Dec 2022 31 Dec 2022 30 Sep 2022 6.3% Aggregate Leve
Slide 15: Prudent Management of Borrowing Costs and Impact of Currency Fluctuations
Prudent Management of Borrowing Costs and Impact of Currency Fluctuations Majority of loans fixed through interest rate Debt currency breakdown Investment properties breakdown2 swaps (as at 31 Dec 2022) (as at 31 Dec 2022) Floating Italy Ireland 26% 8.1% 1.5% Fixed EUR 74% Debt Netherlands 38.3% 6.6
Slide 16: Healthy Balance Sheet
Healthy Balance Sheet As at As at +/(-) ($’000) 31 Dec 2022 31 Dec 2021 % Investment Properties 3,639,453 3,401,436 +7.0 Total Assets 4,107,663 3,780,150 +8.7 Gross Borrowings1 and Deferred Payments 1,472,898 1,289,580 +14.2 Total Liabilities 1,650,745 1,444,474 +14.3 Unitholders’ Funds 2,414,118 2,
Slide 17: Thank You
Thank You 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 historical information or facts and may be “forward-looking” statements due to a number of risks, uncertainties
Slide 18: Additional Information
Additional Information [CAS De REIT wy
Slide 19: Focused on Growing Data Centre Portfolio
Focused on Growing Data Centre Portfolio Keppel DC REIT Assets under Management $3.7b1 23 data centres across 9 countries as at 31 Dec 2022 ASIA PACIFIC SINGAPORE AUM Breakdown (as at 31 Dec 2022)2 • Keppel DC Singapore 1 • Keppel DC Singapore 2 Asia Pacific 71.8% Europe 28.2% • Keppel DC Singapore
Slide 20: Portfolio Overview (as at 31 Dec 2022)
Portfolio Overview (as at 31 Dec 2022) Attributable Land lease No. of Occupancy WALE Interest lettable area Valuation2 Lease type Land lease title remaining Clients1 rate (%) (years)3 (sq ft) (years) Asia Pacific Leasehold Keppel DC Singapore 1, Keppel lease / 100% 109,721 24 90.14 S$339.3m 2.2 (Exp
Slide 21: Portfolio Overview (as at 31 Dec 2022)
Portfolio Overview (as at 31 Dec 2022) Attributable Land lease lettable No. of Occupancy WALE Interest Valuation2 Lease type Land lease title remaining area clients1 rate (%) (years)3 (years) (sq ft) Europe Cardiff Data Centre, £25.4m Triple-net 100% 79,439 1 100.0 8.5 Freehold - Cardiff, United Kin
Slide 22: Portfolio Valuation
Portfolio Valuation 31 Dec 20211 31 Dec 20222 Income Capitalisation Approach Capitalisation Rate 4.40% - 9.31% 3.96% - 11.55% - Asia Pacific 5.25% - 8.75% 4.75% - 7.75% - Europe 4.40% - 9.31% 3.96% - 11.55% 1. Excludes iseek Data Centre which was divested in 2021 and includes Eindhoven Campus and Gu
Slide 23: Overview of Contractual Arrangements
Overview of Contractual Arrangements Responsibilities of Owner Insurance Maintena Property Contractual Building Refresh Asia Pacific Description Capex Arrangement Opex Tax nce Keppel lease1 / ◼ Client: Pays rent Keppel DC Singapore 1 ✓ ✓ ✓ ✓ Colocation2 ◼ Owner: Bears all expenses; responsible for f
Slide 24: Overview of Contractual Arrangements
Overview of Contractual Arrangements Responsibilities of Owner Insurance Maintena Contractual Property Building Refresh Europe Description Capex Arrangement Opex Tax nce Cardiff Data Centre Triple-net lease ◼ Client: Pays rent and all outgoings; responsible for facilities management - - - - GV7 Data
Slide 25: ESG Targets and Commitments
ESG Targets and Commitments Environmental Stewardship Responsible Business People & Community Align reporting with the Obtain and maintain green certification for all Engage with local communities and recommendations of the Taskforce Singapore colocation assets by 2025 and obtain contribute to Keppe
Slide 26: Creating Long-term Stakeholder Value
Creating Long-term Stakeholder Value Diversified global portfolio with a strong Asia Pacific presence Diversified global portfolio • Strong operational expertise and proven growth track record with strong Asia Pacific • Proactive asset management to optimise portfolio returns presence • Large and st
Slide 27: Keppel DC REIT Structure (as at 31 Dec 2022)
Keppel DC REIT Structure as (at 31 Dec 2022) Keppel Keppel Capital Telecommunications & Transportation The REIT Manager can Institutional and The REIT Manager can leverage leverage the Sponsor‘s expertise and Public Investors the scale and resources of a track record in this industry larger asset ma