Slide 1: Presentation to Investors
Presentation to Investors Tokyo 22-23 March 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: 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 6: 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 7: 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 8: 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 9: Synergy
Synergy Driving collaboration across our business verticals, we empower the Group with greater agility and financial strength to seize opportunities in motion in sustainable urbanisation and create value for all stakeholders. Keppel Group Keppel Group Ecosystem for Value Creation & Capture Stakehold
Slide 10: Seizing Opportunities in Sustainable Urbanisation
Seizing Opportunities in Sustainable Urbanisation Offshore & Marine Property LNG solutions Rising home-ownership • Liquefaction & regasification aspirations in Asia • Transportation & bunkering • Sold ~5,720 homes in 2016, up 25% yoy Repurposed offshore • Residential pipeline of technology ~66,000 h
Slide 11: 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. 11 11
Slide 12: Additional Slides: Financial Highlights
ADDITIONAL SLIDES: FINANCIAL HIGHLIGHTS 12 12 12
Slide 13: Key Figures
Key Figures S$m FY16 FY15 % Chg Revenue 6,767 10,296 (34) Operating Profit 795 1,514 (47) Net Profit 784 1,525 (49) EPS 43.2cts 84.0cts (49) EVA (140) 648 n.m. Free Cash Flow 576 (694) n.m. Annualised ROE 6.9% 14.2% Reduction of 730bps Net Gearing 0.56x 0.53x Increase of 0.03x 13 13
Slide 14: Revenue by Segments
Revenue by Segments S$m FY16 % FY15 % % Chg Offshore & Marine 2,854 42 6,241 60 (54) Property 2,035 30 1,823 18 12 Infrastructure 1,744 26 2,037 20 (14) Investments 134 2 195 2 (31) Total 6,767 100 10,296 100 (34) 14 14
Slide 15: Net Profit by Segments
Net Profit by Segments S$m FY16 % FY15 % % Chg Offshore & Marine 29 4 482 32 (94) Property 620 79 661 43 (6) Infrastructure 99 13 197 13 (50) Investments 36 4 185 12 (81) Total 784 100 1,525 100 (49) 15 15
Slide 16: Net Profit & EPS
Net Profit & EPS Net profit (S$m) EPS (Cents) 2,237 124.8 1,946 619 1,846 1,885 109.4 34.5 102.3 103.8 1,525 844 685 726 47.4 84.0 346 38.0 39.9 4Q: 19.3 4Q: 405 22.3 521 3Q: 29.1 406 457 414 22.9 3Q: 363 784 22.8 25.3 20.0 43.2 4Q: 4Q: 2Q: 143 7.9 3Q: 2Q: 3Q: 384 347 406 397 19.2 22.3 21.9 225 21.6
Slide 17: 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 17 17