Keppel Dc Reit · SGX:AJBU
Keppel Dc Reit — Investor Day (August 2023)
24 slides from Keppel Dc Reit's investor day presentation, August 2023
Slide 1: Investor Day 2023 Bangkok
Investor Day 2023 Bangkok Aug 2023
Slide 2: Outline
Outline Key Highlights 3 Portfolio Updates 6 Capital Management 10 Additional Information 15 Constituent of: Awards and Certifications: FTSE EPRA Nareit Global MSCI Singapore GPR 250 Developed Index Small Cap Index Index Series 1 2 1. The use by Keppel DC REIT of any MSCI ESG Research LLC or its aff
Slide 3: 1H 2023 Key Highlights
1H 2023 Key Highlights Stable financial performance underpinned by quality portfolio • Stable distributable income and DPU mainly due to contributions from acquisitions and proactive asset management • Majority of rental income is derived from clients with investment grade or equivalent credit profi
Slide 4: Stable Distributable Income and DPU
Stable Distributable Income and DPU Distributable Income ($’000)1 1H 2023 vs 1H 2022 Distribution Per Unit (cents)2 +0.2% - • Stable distributable income was mainly due to: 91,311 5.049 5.051 o Acquisitions of Guangdong Data Centre 2 & building shell 91,158 of Guangdong Data Centre 3 o Renewals and
Slide 5: Distribution Details
Distribution Details Distribution for the period from 1 Jan to 30 Jun 2023 DPU 5.051 cents1 Ex-distribution Date 31 Jul 2023 Record Date 1 Aug 2023 Payment Date 14 Sep 2023 1. Computed based on the distributable income to Unitholders after the deduction of Capex Reserves that has been set aside. 5
Slide 6: Portfolio Updates
Portfolio Updates [Keppel peat ow A
Slide 7: Diversified Portfolio of Quality Data Centres
Keppel DC Dublin 1, Ireland Diversified Portfolio of Quality Data Centres • Maintained high portfolio occupancy of 98.5% and long WALE of 8.0 years as at 30 Jun 2023 • Secured new, renewal and expansion contracts in Singapore, Ireland and the Netherlands with overall positive reversions • More than
Slide 8: 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 • Our top client is present in five data centres with different expiry dates Rental Income by Trade Sector Rental Income by Type of Contracts Top 10 Clients by Rent
Slide 9: Demand Underpinned by Strong Market Fundamentals
Demand Underpinned by Strong Market Fundamentals • Data centre demand continues to be driven by hyperscale expansion, growth in both consumer and enterprise activities and adoption of new technologies1,2,3 • Structure Research forecasts a 12% growth year-on-year in the global data centre colocation
Slide 10: Capital Management
Capital Management [CAS De REIT 10 &
Slide 11: Favourable Debt Profile
Favourable Debt Profile • Completed refinancing of all loans due in 2023 in Apr 2023, bulk of debt expiring from 2026 and beyond • Healthy aggregate leverage provides debt headroom for growth opportunities Debt Maturity Profile As at Change from as at 30 Jun 2023 30 Jun 2023 31 Mar 2023 Aggregate Le
Slide 12: 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 30 Jun 2023) (as at 30 Jun 2023) Floating Italy Ireland Fixed 27% 8.2% 1.5% 73% Debt EUR Netherlands 39.7% 6.7
Slide 13: Healthy Balance Sheet
Healthy Balance Sheet As at As at +/(-) 30 Jun 2023 31 Dec 2022 % ($’000) ($’000) Investment Properties 3,655,528 3,639,453 +0.4 Deposited Properties 4,004,538 4,051,734 (1.2) Gross Borrowings1 and Deferred Payments 1,453,113 1,472,898 (1.3) Unitholders’ Funds 2,396,868 2,414,118 (0.7) Units in Issu
Slide 14: 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 15: Additional Information
Additional Information [CAS De REIT ry 4
Slide 16: Focused on Growing Data Centre Portfolio
Focused on Growing Data Centre Portfolio Keppel DC REIT Assets under Management $3.7b 1,2 9 1 Singapore • Keppel DC Singapore 1 2 Australia • Gore Hill Data Centre, 23 data centres across 9 countries • Keppel DC Sydney 8 3 Singapore 2 • Intellicentre as at 30 Jun 2023 • Keppel DC Campus, 5 Singapore
Slide 17: Portfolio Overview (as at 30 Jun 2023)
Portfolio Overview (as at 30 Jun 2023) 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 89.24 S$339.3m 1.9 (Exp
Slide 18: Portfolio Overview (as at 30 Jun 2023)
Portfolio Overview (as at 30 Jun 2023) 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 Kelsterbach Data Centre, €75.1m Triple-net 100% 540,869 1 100.0 2.5 Freehold - Kelsterbach, G
Slide 19: 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 20: Overview of Contractual Arrangements
Overview of Contractual Arrangements Responsibilities of Owner Insurance Maintena Contractual Property Building Refresh Europe Description Capex Arrangement Opex Tax nce Kelsterbach Data Centre Triple-net lease ◼ Client: Pays rent and all outgoings; responsible for facilities management - - - - main
Slide 21: 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 22: ESG Highlights
ESG Highlights Environmental Stewardship Responsible Business • Progressive implementation of Taskforce • Dedicated Board ESG Committee on Climate-related Financial Disclosures • Singapore colocation assets maintained (TCFD) recommendations green certifications • Renewable electricity procured for b
Slide 23: 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 • Well-diversi
Slide 24: Keppel DC REIT Structure (as at 30 Jun 2023)
Keppel DC REIT Structure (as at 30 Jun 2023) 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