Keppel Infrastructure Trust · SGX:A7RU
Keppel Infrastructure Trust — Q1 FY2016 Earnings Presentation
11 slides from Keppel Infrastructure Trust's earnings presentation, Jul 28, 2015
Slide 1: Results Presentation 1Q FY2016
\()°)°y-) | Infrastructure Trust Results Presentation 1Q FY2016 28 July 2015
Slide 2: 1Q FY2016 highlights
1. On 18 May 2015, CitySpring Infrastructure Trust acquired the business undertakings and assets of Crystal Trust (formerly known as Keppel Infrastructure Trust), and was renamed Keppel Infrastructure Trust (“KIT”). 2. On 30 June 2015,, KIT completed p the acquisition q of a 51% stake in Keppel pp M
Slide 3: Revenue (S$ million)
Revenue (S$ million) 160.0 133.4 140.0 1.0 114.4 24.9 120.0 1.0 16.6 100.0 8.9 14.2 98 6 98.6 80.0 82.6 60.0 40.0 20.0 1QFY16 1QFY15 Gas Concessions Electricity Transmission Others 3
Slide 4: Funds from operations (S$ million)
Funds from operations (S$ million) 30.0 25.0 22.2 25.0 7.8 1.7 9.0 20.0 4.0 15.0 15.0 13.7 10.0 5.0 -2.3 -1.9 -5.0 1QFY16 1QFY15 Gas Concessions Electricity Transmission Others 4
Slide 5: Subsidiary Business Updates
Subsidiary Business Updates City Gas • Customer base grew by ~5%5% from about 697,000 697 000 as at the end of 1Q FY2015 to about 732,000 as at the end of 1Q FY2016 • Achieved 100% plant availability Singapore • Consist of Senoko WTE, WTE SingSpring, SingSpring Tuas WTE and Ulu Pandan Concessions NE
Slide 6: Debt maturities and interest rates
Entity Amount (S$ million) Maturity Repayment KIT Corporate C t 142.3 142 3 Aug A 2017 Bullet* B ll t* City Gas 178.0 Feb 2019 Bullet* SingSpring 86.5 Oct 2024 Amortising Basslink 742.5 Nov 2019 Amortising* (A$712.6) Senoko WTE 3.5 Nov 2015 Bullet* KMC 700.0 Jun 2020 Bullet* * Will be refinanced upo
Slide 7: Funds from operations
Funds from operations 1Q FY16 1Q FY15 S$'000 S$'000 PAT 3,200 3,531 Add/(less): Reduction in concession/lease receivables 5,478 2,090 Non-cash finance costs 1,512 3,839 Non-cash adjustments (994) 1,405 Investment expenditure 2,675 2,358 Adjustment for cash tax paid/deferred tax 573 2,069 Depreciatio
Slide 8: Appendix
Appendix iG y-) | Infrastructure Trust 8
Slide 9: 1Q FY16 income statement
1Q FY16 1Q FY15 Change S$'000 S$'000 % R Revenue 82 612 82,612 98 575 98,575 (16 2) (16.2) Other income 257 325 (20.9) Other losses - net (27) (52) 48.1 Expenses Fuel and electricity costs (32,412) (48,989) 33.8 Gas transportation costs (21,837) (21,042) (3.8) D Depreciation i ti and d amortisation
Slide 10: 1Q FY16 subsidiary income statement
1Q FY16 1Q FY15 Change S$'000 S$ 000 S$'000 S$ 000 % Revenue 14,169 8,879 59.6 Other income 85 14 N/M Expenses Fuel and electricity costs (2,953) (2,730) (8.1) Depreciation and amortisation (926) (913) (1.4) O Operation ti and d maintenance i t costs t (4 917) (4,917) (1 735) (1,735) N/M (1) Finance
Slide 11: 1Q FY16 Basslink income statement (A$)
1Q FY16 1Q FY15 Change A$'000 A$'000 % Revenue 15,828 21,278 (25.6) Other income 246 293 (16.0) Other gains/(losses) - net 431 ((2,449)) N/M Expenses Fuel and electricity costs (76) (87) 12.6 Depreciation and amortisation (4,579) (7,229) 36.7 Staff costs (676) (811) 16.6 Operation and maintenance co
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