Keppel Dc Reit · SGX:AJBU
Keppel Dc Reit — Shareholder Meeting (October 2019)
14 slides from Keppel Dc Reit's shareholder meeting presentation, Oct 23, 2019
Slide 1: Extraordinary General Meeting
Extraordinary General Meeting Proposed Acquisitions of 99% Interest in Keppel DC Singapore 4 and 100% Interest in DC1 23 October 2019
Slide 2: Outline
Outline ◼ Merits of the Proposed Acquisitions ◼ Resolutions 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”
Slide 3: Steady Growth Since IPO
Steady Growth Since IPO Strong growth in AUM; Steady DPU growth Total return of 186.2% AUM to ↑ to $2.6b post- since listing since listing acquisitions Adjusted DPU (cents) Assets under management ($’b) Closing Price ($) 2.63 2.20 8.00 2.5 7.32 2.00 7.00 6.972 2.03 6.51 6.681 2.0 1.80 6.00 5.78 1.5
Slide 4: Strengthening Foothold in Singapore
Strengthening Foothold in Singapore Agreed values for KDC SGP 4 and 99% Interest in 100% Interest in the DC DC1 supported by independent Keppel DC Singapore 4 located at 18 Riverside Road, valuations (KDC SGP 4) Singapore (DC1) ▪ Five-storey carrier-neutral and ▪ Five-storey purpose-built facility p
Slide 5: Merits of the Proposed Acquisitions
Merits of the Proposed Acquisitions 5
Slide 6: DPU-accretive Acquisitions
1 DPU-accretive Acquisitions Pro Forma DPU1 (cents) ▪ Accretion without KDC SGP 4 tax transparency: 10% Proposed Acquisitions are expected ▪ Accretion with KDC SGP 4 tax transparency: 13% to be DPU-accretive Effects of the Proposed Actual With With With Acquisitions FY2018 KDC DC1 KDC SGP 4 8.271, 2
Slide 7: Strengthens foothold in Singapore
Demand for data centres in 2 Strengthens foothold in Singapore Singapore is estimated to grow at a CAGR of 9.4% between 2018 and 20221 Portfolio AUM in Singapore to increase from Large hyperscale cloud providers 51.1% as of 30 Jun 2019 to 62.7% post-completion could potentially take up around 40% of
Slide 8: Greater income resilience through exposure to a larger portfolio
3 Greater income resilience through exposure to a larger portfolio ▪ Portfolio AUM will increase from $2.0b to $2.6b with an enlarged asset base of 17 assets Europe Ireland 1. Keppel DC Dublin 1, Dublin 2. Keppel DC Dublin 2, Dublin United Kingdom 3. GV7 Data Centre, London 4. Cardiff Data Centre, C
Slide 9: Improvement in portfolio occupancy and lease profile
4 Improvement in portfolio occupancy and lease profile Higher portfolio occupancy and longer WALE ▪ Well-spread lease expiry with less than 5% of leases up for renewal between 2019 and 2020 Portfolio Occupancy from 93.2% to Lease expiry profile (by leased area) 67.3% 94.11% 65.4% As at 30 Jun 2019 P
Slide 10: Stronger platform for growth
5 Stronger platform 6 Greater leasing synergies and for growth operational efficiency Aggregate Leverage from 31.9% to KDC SGP 4: 30.3%1 ▪ Proximity to KDC SGP 2 and KDC SGP 3: Strengthens the REIT’s presence within Tampines Industrial Park post-completion ▪ Potential to achieve leasing synergies, i
Slide 11: Alignment of interests with fully underwritten preferential offering
7 Alignment of interests with fully underwritten preferential offering ▪ Preferential offering allows unitholders to participate in Keppel DC REIT’s growth at discounted issue price ▪ Keppel Telecommunications & Transportation and Keppel Capital have subscribed for their pro-rata entitlements ▪ Free
Slide 12: Resolutions
Resolutions yy) DC REIT 12
Slide 13: Proposed Acquisitions of KDC SGP 4 and DC1
Proposed Acquisitions of KDC SGP 4 and DC1 ▪ Resolution 1: The Proposed Acquisition of 99% Interest in Keppel DC Singapore 4 (KDC SGP 4) and the entry into the Keppel Lease Agreement, the Facility Management Agreement and the LLP Agreement ▪ Resolution 2: The Proposed Acquisition of a 100% Interest
Slide 14: Thank You
Thank You yy) DC REIT 14 f