Keppel DC REIT · SGX:AJBU
Keppel DC REIT — BofA Global Real Estate Conference 2021
25 slides from Keppel DC REIT's conference presentation, Sep 21, 2021
Slide 1: BofA Global Real Estate Conference 2021
BofA Global Real Estate Conference 2021 21 - 22 September 2021
Slide 2: Outline
Outline Overview 3 1H 2021 Financial and Portfolio Updates 8 Outlook 15 Additional Information 19 Constituent of: Awards and Accreditations: FTSE Straits FTSE EPRA Nareit Global MSCI Singapore GPR 250 Times Index Developed Index Small Cap Index Index Series 2
Slide 3: Overview
Overview [Keppel ey 34
Slide 4: Steady Portfolio Growth Since Listing
Steady Portfolio Growth Since Listing Investing in income- producing data centre assets, as well as real estate and assets • Intellicentre Campus, Sydney3 necessary to support • iseek Data Centre, Brisbane4 the digital economy. CHINA • Guangdong Data Centre, Guangdong Province5 Assets under Manageme
Slide 5: Value Creation Strategy
Value Creation Strategy Widened Mandate with Continued Focus Completion of Intellicentre 3 East Data Expanding footprint in APAC and Europe on Data Centres Centre (IC3 East DC) in Sydney ▪ Tapping into China’s growing ▪ Access to wider range of opportunities ▪ Development completed on 13 Jul 2021 di
Slide 6: Maiden Data Centre Acquisition into China
Maiden Data Centre Acquisition into China First investment in China, the largest growing data centre hub in Asia DPU-accretive acquisition Improve portfolio occupancy and income diversification Guangdong Data Centre • 7-storey data centre designed in accordance with the Code for Design of Data Centr
Slide 7: Strengthened Foothold with Third Asset in the Netherlands
Strengthened Foothold with Third Asset in the Netherlands ▪ Eindhoven Campus is located in De Hurk, the largest business park in Eindhoven: ̶ Eindhoven is a major city in the Netherlands with an eco-system of more than 235 high-technology companies1 ̶ The NL-IX, one of the top 10 largest internet ex
Slide 8: 1H 2021 Financial and Portfolio Updates
1H 2021 Financial and Portfolio Updates 8
Slide 9: Key Highlights
Key Highlights Strengthen Sustainable Financial Flexibility Income Stream Growth Strong Leasing Momentum Stable Distributable Income Aggregate Leverage5 0.8% 1 $84.3m 36.7% Proactive leasing efforts saw new, renewal and expansion for 1H 2021, which was 12.4% higher y-o-y as at 30 Jun 2021, providing
Slide 10: Financial Performance
Financial Performance ($’000) 1H 2021 1H 2020 +/(-) % 84,256 74,980 +12.4 Distributable Income to Unitholders Comprising Gross Revenue 135,147 123,950 +9.0 Property Expenses (11,313) (9,733) +16.2 Net Property Income 123,834 114,217 +8.4 Distribution per Unit1 (DPU) (cents) 4.924 4.375 +12.5 Annuali
Slide 11: Balance Sheet
Balance Sheet As at As at +/(-) ($’000) 30 Jun 2021 31 Dec 2020 % Investment Properties 3,086,204 3,005,038 +2.7 Property under Development 27,550 24,676 +11.6 Total Assets 3,402,457 3,349,828 +1.6 Gross Borrowings1 1,197,909 1,165,756 +2.8 Total Liabilities 1,388,700 1,367,586 +1.5 Unitholders’ Fun
Slide 12: Prudent Capital Management
Prudent Capital Management Debt Maturity Profile (as at 30 Jun 2021) Debt Currency Breakdown (as at 30 Jun 2021) Received EUR SGD commitments to 11.6% 57.2% 28.0% refinance loans due in 4Q 2021 Total 10.7% borrowings: 23.0% ~$1,197.9m 5.3% 13.8% 6.7% 9.1% 5.7% 1.8% 6.2% 1.1% 5.0% AUD 7.3% 2021 2022
Slide 13: Portfolio Updates
Portfolio Updates ▪ Proactive leasing efforts resulted in new, renewal and expansion leases secured with clients at the Singapore and Dublin data centres, including some renewals ahead of expiry - Including the latest renewal lease signed in July 2021, only 0.8% of leases3 are expiring for the remai
Slide 14: Diversified and Resilient Portfolio
Diversified and Resilient Portfolio Rental Income by Trade Sector Rental Income by Lease Type AUM Breakdown Top 10 Clients (for the month of Jun 2021)1 (for the month of Jun 2021)1 (as at 30 Jun 2021) (for the month of Jun 2021)1 Internet Enterprise 38.5% Germany One of the largest tech companies gl
Slide 15: Outlook
Outlook Cy] Dc REIT 15 ff
Slide 16: Robust and Resilient Data Centre Demand
Robust and Resilient Data Centre Demand ▪ End-user spending on public cloud services is forecasted to grow 23.1% in 2021 to $332.3b, up from $270b in 20202 ▪ Hyperscale cloud operator capex in the first quarter of 2021 was up by 31% from 2020, reaching a high of US$38b3 Worldwide investment in data
Slide 17: Well-Positioned for Growth
Proxy to Fast-Growing Tech Sector Well-Positioned for Resilient asset class with highly defensive and Growth long-term sustainable income stream The Manager will continue Strong operational expertise and proven track record to capitalise on growth Focused and disciplined investment strategy opportun
Slide 18: Thank You
Thank You Important Notice: The past performance of Keppel DC REIT is not necessarily indicative of its future performance. Similarly, the past performance of Keppel DC REIT Management Pte. Ltd., as manager of Keppel DC REIT (the "Manager") is not indicative of the future performance of the Manager.
Slide 19: Additional Information
Additional Information Keppel ea rw 4
Slide 20: Commitment to Sustainability
Commitment to Sustainability ENVIRONMENTAL RESPONSIBLE PEOPLE AND STEWARDSHIP BUSINESS COMMUNITY In line with Keppel’s Vision 2030, we will do The long-term sustainability of our People are the cornerstone of our business. our part to combat climate change, and are business is driven at the highest
Slide 21: Portfolio Overview (as at 30 Jun 2021)
Portfolio Overview (as at 30 Jun 2021) Attributable No. of Occupancy WALE Location Interest lettable area Valuation2 Lease type Land lease title clients1 rate (%) (years)3 (sq ft) Asia Pacific Leasehold Keppel lease / Keppel DC Singapore 1 Singapore 100% 109,721 25 93.9 S$298.0m 3.4 (Expiring 30 Sep
Slide 22: Portfolio Overview (as at 30 Jun 2021)
Portfolio Overview (as at 30 Jun 2021) Attributable lettable No. of Occupancy WALE Location Interest Valuation2 Lease type Land lease title area (sq ft) clients1 rate (%) (years)3 Intellicentre 2 Sydney, A$59.0m Triple-net 100% 87,930 1 100.0 14.1 Freehold Data Centre4 Australia (S$58.2m) (Shell & c
Slide 23: Overview of Lease Arrangements
Overview of Lease Arrangements Responsibilities of Owner Maintenance Lease Insurance Asia Pacific Description Property Arrangement Building Refresh Capex Opex Tax Keppel lease1 / ◼ Client: Pays rent Keppel DC Singapore 1 ✓ ✓ ✓ ✓ Colocation2 ◼ Owner: Bears all expenses; responsible for facilities man
Slide 24: Overview of Lease Arrangements
Overview of Lease Arrangements Responsibilities of Owner Maintenance Lease Europe Description Insurance Arrangement Property Building Refresh Capex Opex Tax Cardiff Data Centre Triple-net lease ◼ Client: Pays rent and all outgoings; responsible for facilities management - - - - GV7 Data Centre Tripl
Slide 25: Keppel DC REIT Structure
Keppel DC REIT Structure as (at 30 Jun 2021) Keppel Keppel Capital Telecommunications & Transportation Institutional and The REIT Manager can leverage The REIT Manager can leverage Public Investors the scale and resources of a larger the Sponsor‘s expertise and track asset management platform record
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