Keppel Ltd. · SGX:BN4
Keppel — Non-Deal Roadshow (May 2017)
18 slides from Keppel's roadshow presentation, May 12, 2017
Slide 1: Presentation to Investors
Presentation to Investors San Francisco 11-12 May 2017 1
Slide 2: Disclaimer
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
Slide 3: Providing Solutions for Sustainable Urbanisation
Providing Solutions for Sustainable Urbanisation Our vision is to be a global company at the forefront of our chosen industries, shaping the future for the benefit of all our stakeholders. Keppel meets the world’s sustainable urbanisation needs through key businesses in Offshore & Marine, Property,
Slide 4: Anchored on a Multi-Business Strategy
Anchored on a Multi-Business Strategy 1,525 Resilient operations Net profit by supported by rightsizing and business 661 620 784 prudent investments in new segment 482 capabilities 197 99 185 (S$’m) 29 36 Further growing contributions Offshore & Property Infrastructure Investments Group Marine f
Slide 5: Creditable Performance
Creditable Performance Net profit for 1Q 2017 was S$260m, up 23% from S$211m for 1Q 2016, supported by multiple earnings streams Recurring income constituted 30% of 1Q 2017 net profit 29% REITs & Trust S$125m 48% 17% Asset Management 1Q17 Net Profit S$78m S$260m 30% 19% Infrastructure Services a
Slide 6: Harnessing Strengths, Multiplying Synergies
Harnessing Strengths, Multiplying Synergies Core Strengths: Building Strong Verticals + Collaboration: SYNERGY Offshore & Property Infrastructure Investments Technology Engineering Marine & Project & Innovation Management Capital Operating & Management Maintenance Townships Data Centres Gas Value Ch
Slide 7: Shaping Our Future
Shaping Our Future Keppel Corporation Keppel Land Keppel T&T expanded Keppel Infrastructure restructured asset completed its into e-commerce named preferred management businesses Selective Capital fulfilment with bidder for Singapore’s under Keppel Capital Reduction exercise Courex stake 4th desalin
Slide 8: Creating & Capturing Sustainable Value
Creating & Capturing Sustainable Value Capturing value: Project-Based SALE & SERVICE DESIGN • Newbuilds, repair & upgrading projects & • Residential projects BUILD • WTE technology packages Revaluation Operation & Divestment Fee-based • Offshore & Marine • Property OWN STABILISE TRUSTS • Infrastruct
Slide 9: Fueling Growth through Asset Management
Fueling Growth through Asset Management Boosting the Group’s capital recycling platform and expanding its capital base with co-investors. Harnessing synergies to: Private Funds increase recurring Property Among SGX’s fee income largest Pan-Asian commercial REITs Manages 6 property improve re
Slide 10: Data Centre Fund
Data Centre Fund The Alpha Data Centre Fund harnesses synergies across the Group’s business verticals to create sustainable value with capital efficiency. Keppel Keppel Keppel Keppel Capital T&T Land Infrastructure Fund management Development & Power & cooling services operational services solutions
Slide 11: Seizing Opportunities in Sustainable Urbanisation
Seizing Opportunities in Sustainable Urbanisation Offshore & Marine Property Gas value chain Rising home-ownership • Liquefaction & regasification aspirations in Asia • Transportation & bunkering • Residential pipeline of >64,000 homes Specialised vessels Prime commercial portfolio Re-purposing offs
Slide 12: Keppel is in the business of sustainable urbanisation
Keppel is in the business of sustainable urbanisation. We drive collaboration across business verticals to create and capture value from all parts of the Group. 12 12
Slide 13: Additional Slides: Financial Highlights
ADDITIONAL SLIDES: FINANCIAL HIGHLIGHTS 13 13 13
Slide 14: Key Figures
Key Figures S$m FY16 FY15 % Chg 1Q17 1Q16 % Chg Revenue 6,767 10,296 (34) 1,248 1,743 (28) Operating Profit 795 1,514 (47) 187 278 (33) Net Profit 784 1,525 (49) 260 211 23 EPS 43.2cts 84.0cts (49) 14.3cts 11.6cts 24 EVA (140) 648 n.m. 23 2 1,050 Free Cash Flow 576 (694) n.m. (80) (306) 74 Annualise
Slide 15: Revenue by Segments
Revenue by Segments S$m FY16 % FY15 % 1Q17 % 1Q16 % Offshore & Marine 2,854 42 6,241 61 483 39 818 47 Property 2,035 30 1,926 19 262 21 503 29 Infrastructure 1,744 26 2,058 20 467 37 390 22 Investments 134 2 71 - 36 3 32 2 Total 6,767 100 10,296 100 1,248 100 1,743 100 15 15
Slide 16: Net Profit by Segments
Net Profit by Segments S$m FY16 % FY15 % 1Q17 % 1Q16 % Offshore & Marine 29 4 481 32 - - 95 45 Property 620 79 701 46 103 40 106 50 Infrastructure 99 13 207 14 32 12 14 7 Investments 36 4 136 8 125 48 (4) (2) Total 784 100 1,525 100 260 100 211 100 16 16
Slide 17: Net Profit & EPS
Net Profit & EPS Net profit (S$m) EPS (Cents) 2,237 124.8 619 1,846 1,885 34.5 102.3 103.8 1,525 685 726 84.0 346 38.0 39.9 19.3 405 22.3 521 29.1 457 414 363 25.3 22.9 20.0 784 43.2 4Q: 4Q: 143 7.9 347 406 397 3Q: 21.9 3Q: 225 19.2 22.3 12.4 751 2Q: 41.9 2Q: 205 11.3 357 339 360 1Q: 1Q: 19.8 18.7 1
Slide 18: ROE & Dividend
ROE & Dividend ROE (%) & Dividend (Cents) Distribution in specie ~28.6cts/share Plus Distribution in specie ~9.5cts/share 27.2% 26.4% Plus 19.5% 18.8% 48.0 14.2% 43.0 45.0 40.0 34.0 6.9% 17.0 18.0 10.0 12.0 12.0 20.0 8.0 FY11 FY12 FY13 FY14 FY15 FY16 ROE Interim Dividend Full-Year Dividend 18 18