Keppel DC REIT · SGX:AJBU
Keppel DC REIT — Morgan Stanley Virtual ASEAN Best Conference 2020
19 slides from Keppel DC REIT's conference presentation, Jun 29, 2020
Slide 1: Morgan Stanley Virtual ASEAN Best Conference
Morgan Stanley Virtual ASEAN Best Conference 29 June 2020
Slide 2: Overview
Overview iKeppellatus 2m
Slide 3: First pure-play data centre REIT listed in Asia on SGX
First pure-play data centre REIT listed in Asia on SGX Portfolio growth since listing Keppel DC Dublin 1 Remaining 999- Kelsterbach Keppel DC Singapore 4 year leasehold Data Centre Intellicentre land interest 3 East Data DC1 Keppel DC maincubes Centre Singapore 5 Keppel DC Data Centre Keppel DC Dubl
Slide 4: Diversified and resilient portfolio
Diversified and resilient portfolio Rental income breakdown for Dec 20191 By trade sector: By lease type: Internet enterprise Colocation Corporate 48.5% 72.4% Shell & core 1.3% 7.9% Financial services 6.5% Fully-fitted IT 19.7% ▪ Quality data centres that cater to services 19.5% the requirements of
Slide 5: Portfolio Updates
Portfolio Updates 5
Slide 6: Optimising portfolio returns
Optimising portfolio returns ▪ Completed the acquisitions of the remaining 999-year leasehold land interest at Keppel DC Dublin 1 and Kelsterbach Data Centre in Mar and May 2020 respectively Portfolio Occupancy Portfolio WALE ▪ Obtained tax transparency treatment for Keppel DC Singapore 4 ▪ Addition
Slide 7: Managing impact of COVID-19
Managing impact of COVID-19 ▪ Resilient asset class that supports the digital economy ▪ Impact of global supply chain concerns ̶ Closely monitoring AEI works at Keppel DC Dublin 1, Keppel DC Singapore 5 and DC1 ̶ Development of Intellicentre 3 East Data Centre in Sydney expected to be completed in 1
Slide 8: Financial Updates
Financial Updates Cyt] DC REIT 8
Slide 9: Stable returns Healthy balance sheet
Stable returns ($’000) 1Q 2020 1Q 2019 % Change Gross Revenue 60,272 48,033 +25.5 Net Property Income 55,443 43,230 +28.3 Distributable Income1 35,781 27,109 +32.0 Distribution per Unit (DPU)1 2.085 1.920 +8.6 (cents) Healthy balance sheet 31 Mar 2020 31 Dec 2019 % Change Unitholders’ Funds ($’000)
Slide 10: Prudent capital management
Prudent capital management Debt Maturity Profile As at 31 Mar 2020 ▪ Obtained new loan facilities: EUR 50 million 2.7% revolving credit facility and EUR 50 million term loan facility in Mar 2020 ▪ Managing interest rate exposure: 77% of 13.1% 29.5% loans hedged with floating-to-fixed interest rate 1
Slide 11: Outlook
Outlook iKeppellatus uf
Slide 12: Resilient asset class that supports the digital economy
Global colocation market Resilient asset class that expected to grow by supports the digital economy 14% 1 in 2020 ▪ Demand is expected to hold up in a pandemic as data centres support mission critical operations Enterprise spending on cloud infrastructure expected to grow by ▪ COVID-19: Expect high
Slide 13: Stable outlook supported by sound industry fundamentals
Stable outlook supported by sound industry fundamentals ◼ Demand for data centre space underpinned by increasing cloud adoption, rapid digital transformation, data centre outsourcing and data sovereignty regulations Growing data ◼ Strong growth in data creation, usage and requirements expected to co
Slide 14: Positioned for growth
Positioned for growth ▪ The Manager will continue to strengthen Keppel DC REIT’s presence and position it to capitalise growth opportunities in the data centre industry Low aggregate leverage of Investment merits Steady DPU growth 32.2%1 provides financial flexibility since listing ✓ Participate in
Slide 15: 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 16: Additional Information
Additional Information KGyt] DC REIT 16 f
Slide 17: What is a Data Centre?
What is a Data Centre? ▪ Facilities that house servers and network equipment, supporting clients’ critical business operations ▪ Requires technical expertise and intricate understanding of the industry and clients’ needs Internet Connectivity Fire suppression and building monitoring systems Physical
Slide 18: Portfolio Overview (as at 31 Mar 2020)
Portfolio Overview (as at 31 Mar 2020) Attributable No. of Occupancy WALE Location Interest lettable area Valuation2 Lease type Land lease title clients1 rate (%) (years) (sq ft) Asia Pacific Leasehold Keppel lease / Keppel DC Singapore 1 Singapore 100% 109,721 20 89.2 S$296.0m 3.7 (Expiring 30 Sep
Slide 19: Portfolio Overview (as at 31 Mar 2020)
Portfolio Overview (as at 31 Mar 2020) Attributable lettable No. of Occupancy WALE Location Interest Valuation2 Lease type Land lease title area (sq ft) clients1 rate (%) (years) Sydney, A$57.7 m Triple-net Intellicentre 2 Data Centre 100% 87,930 1 100.0 15.4 Freehold Australia (S$53.4m) (Shell & co
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