Keppel Infrastructure Trust · SGX:A7RU
Keppel Infrastructure Trust — Merger or Acquisition (February 2022)
12 slides from Keppel Infrastructure Trust's merger presentation, Feb 8, 2022
Slide 1: Proposed Investment in Aramco Gas Pipelines Company
Proposed Investment in Aramco Gas Pipelines Company February 8, 2022
Slide 2: Important Notice
Important Notice The information contained in this presentation is for information purposes only and does not constitute or form part of, and should not be construed as, any offer or invitation to sell or issue or any solicitation of any offer or invitation to purchase or subscribe for any units (“U
Slide 3: Transaction Overview
Transaction Overview
Slide 4: Overview of KIT's Proposed Investment
Overview of KIT’s Proposed Investment ▪ Part of a global consortium to acquire a 49% stake in Aramco Gas Pipelines Company, which holds a 20-year lease-and-lease- back agreement over the usage rights of Aramco’s gas pipelines network ▪ Aramco Gas Pipelines Company will receive quarterly tariff payme
Slide 5: Merits of the Proposed Investment
Merits of the Proposed Investment
Slide 6: Merits of the Proposed Investment
Merits of the Proposed Investment Invest in a strong and growing business backed by favourable 1 gas demand dynamics 2 Top-tier counterparty with strong operational track record Strongly contracted nature of investment with downside 3 protection Supports the transition of the Saudi economy towards a
Slide 7: 1. Invest in a Strong and Growing Business Backed by Favourable Gas Demand Dynamics
1. Invest in a Strong and Growing Business Backed by Favourable Gas Demand Dynamics ▪ Saudi Arabia as a stable and attractive investment destination Natural Gas Demand Projections by Sector KSA is world’s most improved economy in Doing Business2 (billion cubic meters)1 Top 10 Jumped 30 8 Global Busi
Slide 8: 2. Top-tier Counterparty with Strong Operational Track Record
2. Top-tier Counterparty with Strong Operational Track Record Aramco: Partner in Aramco Gas Pipeline Company One of the largest listed companies globally with a market cap of approx. USD 2.0tn1 Moody’s long term issuer rating: A1 / stable Fitch long term rating: A / stable ▪ …the world's largest oil
Slide 9: 3. Strongly Contracted Nature of Investment with Downside Protection
3. Strongly Contracted Nature of Investment with Downside Protection 1 Lease period of 20 years provides long- term cash flow visibility 5 2 Well-structured Minimum volume governance commitment from framework Aramco 4 No CAPEX & OPEX 3 risks as Aramco Quarterly tariff retains full ownership payable
Slide 10: 4. Supports Transition of the Saudi Economy Towards a More Sustainable Energy Future
4. Supports Transition of the Saudi Economy Towards a More Sustainable Energy Future Gas Plays a Key Role as a Transition Fuel Opportunity to Partner with a Leader in Sustainable Practices Upstream Carbon Intensity(3) (kg CO2e/boe) ▪ Gas plays a key role in the energy transition towards a more susta
Slide 11: 5. Enhances Resiliency of KIT's Portfolio
5. Enhances Resiliency of KIT’s Portfolio Diversification by Asset (%) Diversification by Geography (%) As of 31 December 2021 Pro-forma Post-Investment As of 31 December 2021 Pro-forma Post-Investment 13.3% 13.0% 4.7% 7.3% 22.8% 4.5% 28.1% 28.9% AUM AUM AUM AUM SGD 4.5bn 28.9% 7.3% SGD 4.6bn 28.1%
Slide 12: Thank You
Thank You www.kepinfratrust.com Connect with us on: 12
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