Keppel Ltd. · SGX:BN4
Keppel — Investor Day (May 2025)
13 slides from Keppel's investor day presentation, May 27, 2025
Slide 1: Riding the Digitalisation & AI Wave
Riding the Digitalisation & AI Wave Mr Wong Wai Meng CEO, Data Centres Investor Day, 27 May 2025
Slide 2: Current data centre landscape
Current data centre landscape Rising AI market boosts New AI innovations hyperscalers’ demand levelling playing field Growth of AI factories and Evolving US tariffs on demand for larger, faster trade policies & AI chip & higher density DCs restrictions Evolving emphasis Strong demand growth on susta
Slide 3: Accelerated computing and GenAI workloads present trillion-dollar opportunities
Accelerated computing and GenAI workloads present trillion-dollar opportunitites Growth of AI factories and Rising AI market boosts Evolving emphasis demand for larger, faster hyperscalers’ demand on sustainability & higher density DCs c. 28% CAGR of hyperscaler market < 1.3 Targeted PUE • Key polic
Slide 4: Re-distribution of GPU AI workload geographically, with growth opportunities in Asia Pacific
Re-distribution of GPU AI workload geographically, with growth opportunities in Asia Pacific Evolving US tariffs New AI innovations Strong demand growth on trade policies levelling playing field of DCs in Asia Pacific & AI chip restrictions • Adoption of DeepSeek AI models by • Influence of US tarif
Slide 5: Keppel is fuelling growth via strategic expansion
Keppel is fuelling growth via strategic expansion Established footprint across Asia Pacific and Europe; highly targeted approach focused on high growth markets with strong customer demand from the US and Chinese hyperscalers Asia Pacific’s attractive Keppel’s expansion strategies DC growth fundament
Slide 6: Keppel's best-in-class DC platform with full-spectrum capabilities
Keppel’s best-in-class DC platform with full-spectrum capabilities Experienced and trusted DC operator Proven track record • First pure-play private data centre fund series in APAC; • >20 years of experience in developing and operating DCs in third vintage with Keppel DC Fund III • Supported by loca
Slide 7: Keppel's growing portfolio of AI-ready hyperscale DCs
Keppel’s growing portfolio of AI-ready hyperscale DCs Gross power capacityi DC FUMii expansion potential near-term growth, • Strong demand for DC funds with US$580m first close for >500 MW fuelled by dry powder from DC Fund III and co-investments DC Fund III, translating into new FUM of close to S$2
Slide 8: Enabling the future of AI through more advanced and greener data centre concepts
Enabling the future of AI through more advanced and greener data centre concepts Floating Data Centre DataPark+ Concept Sustainable Data Centre Campus • Visionary innovation that alleviates land, water • 1 GW nearshore net-zero DC campus concept • Tropical DC methodologies to reduce energy and energ
Slide 9: Subsea cables, a vital link in the value chain
Subsea cables, a vital link in the value chain Subsea cable market Key Drivers US$7.1b Global submarine communication cable market size by 2034 at 6.2% CAGR from 2024 to 20341 AI and cloud Global Demand for US$547m computing adoption expansion more bandwidth Submarine cable system market AI-ready DC
Slide 10: A trusted partner to investors seeking opportunities in digital infrastructure
A trusted partner to investors seeking opportunities in digital infrastructure Bifrost Cable System New submarine cable opportunities First subsea fibre optic cable Pursuing opportunities for two more cable systems with over system directly connecting 30 fibre pairs connecting Southeast Asia to the
Slide 11: Strategic digital infrastructure ecosystem partner
Strategic digital infrastructure ecosystem partner Keppel’s Integrated Ecosystem Funded by multiple capital pools including private funds and listed REIT & Trust Renewables & clean energy Cable landing station Cable landing Subsea cable station operations & maintenance Water treatment Hydrogen-ready
Slide 12: Thank you
Thank you
Slide 13: Disclaimer
Disclaimer NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION. THIS PRESENTATION SHALL NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL, SUBSCR