Keppel Ltd. · SGX:BN4
Keppel — Non-Deal Roadshow (October 2017)
21 slides from Keppel's roadshow presentation, Oct 31, 2017
Slide 1: Presentation to Investors
Presentation to Investors Kuala Lumpur 31 October 2017 1
Slide 2: Disclaimer
Disclaimer This presentation may contain forward-looking statements which are subject to risks and uncertainties that could cause actual results to differ materially from such statements. Such risks and uncertainties include industry and economic conditions, competition, and legal, governmental and
Slide 3: Providing Solutions for Sustainable Urbanisation
Providing Solutions for Sustainable Urbanisation Our vision is to be a global company at the forefront of our chosen industries, shaping the future for the benefit of all our stakeholders. Keppel meets the world’s sustainable urbanisation needs through key businesses in Offshore & Marine, Property,
Slide 4: Harnessing Strengths, Multiplying Synergies
Harnessing Strengths, Multiplying Synergies Core Strengths: Building Strong Verticals + Collaboration: SYNERGY Offshore & Property Infrastructure Investments Technology Engineering Marine & Project & Innovation Management Capital Operating & Management Maintenance Gas Value Chain Data Centres Integr
Slide 5: Creating & Capturing Sustainable Value
Creating & Capturing Sustainable Value Capturing value: Project-Based SALE & SERVICE DESIGN • Newbuilds, repair & upgrading projects & • Residential projects BUILD • WTE technology packages Revaluation Operation & Divestment Fee-based • Offshore & Marine • Property OWN STABILISE TRUSTS • Infrastruct
Slide 6: Fueling Growth through Asset Management
Fueling Growth through Asset Management Aim to grow AUM to S$50b over the next five years, boost the Group’s capital recycling platform and expand its capital base with co-investors. Harnessing synergies to: Private Funds increase recurring Property Among SGX’s fee income largest Pan-Asian comme
Slide 7: Anchored on a Multi-Business Strategy
Anchored on a Multi-Business Strategy 9M 2017 net profit Resilient operations backed by diverse businesses serving sustainable S$712m, up 11% yoy urbanisation needs 712 9M 2017 profit underpinned by 641 39 216 Property: Higher contributions from 80 property trading 97 Infrastructure: Stronge
Slide 8: Multiple Earnings Streams
Multiple Earnings Streams Recurring income was S$260m or 37% of net profit for 9M 2017 Net profit by income type Recurring income breakdown (%) 712 641 S$260m 92 91 S$234m 1% 6% 25% 260 234 25% S$m 26% 23% 18% 24% 316 360 28% 24% 0 0 9M 2016 9M 2017 9M 2016 9M 2017 Revaluations, major impairments
Slide 9: Expanding into New Markets
Expanding into New Markets Integrated LNG Solutions Jones Act Vessels Keppel provides end-to-end solutions for the Keppel AmFELS in Brownsville, Texas is Upstream, Midstream and Downstream gas well-poised to capture opportunities in the markets renewal of the aged Jones Act vessel fleet Supply
Slide 10: Strong Contributions from Property
Strong Contributions from Property Residential Commercial Residential Launch-ready homes (units) GFA (sm) Total landbank of ~62,000 units 3,790 units sold in 9M 2017, with total sales value of ~S$2b 970,800 China: 2,380 units 156,400 Vietnam: 1,010 units 16,674 50,000 Singapore: 300 units
Slide 11: Expanding Capital Base
Expanding Capital Base Alpha Data Centre Fund closed at a total of about US$1 billion. Keppel Keppel T&T Power & cooling services ii Keppel Capital Keppel Land Infrastructure Fund mgt Development Data Centre Assets services & operational services Alpha Data Keppel DC Centre Fund Asset Asset REIT acq
Slide 12: Tianjin Eco-City Continues to Progress
Tianjin Eco-City Continues to Progress Today Business model: Masterplanning, property development and land sales Total land area – 30 sq km More than 45% of Eco-City land developed/sold as at Sep 2017 2008 Population of over 70,000 and over 4,500 registered companies to-date Record land sa
Slide 13: Keppel Urban Solutions
Keppel Urban Solutions Integrated master developer of large-scale mixed-use developments Harnesses Group’s diverse strengths and strong track record China-Singapore Suzhou Jakarta Garden City Industrial Park Well-appointed township Large-scale industrial township in Indonesia in China Sino-Singa
Slide 14: Building for the Future
Building for the Future Keppel Urban Solutions (KUS) will be an integrator of urban solutions to create sustainable, highly liveable and digitally-connected communities Solutions provider for Human-centric design-thinking embedded across all solutions Masterplanning Horizontal infrastructure
Slide 15: Keppel is in the business of sustainable urbanisation
Keppel is in the business of sustainable urbanisation. We drive collaboration across business verticals to create and capture value from all parts of the Group. 15 15
Slide 16: Additional Slides: Financial Highlights
ADDITIONAL SLIDES: FINANCIAL HIGHLIGHTS 16 16
Slide 17: Key Figures
Key Figures S$m FY16 FY15 % Chg 9M17 9M16 % Chg Revenue 6,767 10,296 (34) 4,419 4,827 (8) Operating Profit 795 1,514 (47) 650 697 (7) Net Profit 784 1,525 (49) 712 641 11 EPS 43.2cts 84.0cts (49) 39.2 35.3 11 EVA (140) 648 n.m. 61 39 56 Free Cash 576 (694) n.m. 1,235 552 124 Inflow/(Outflow) Reducti
Slide 18: Revenue by Segments
Revenue by Segments S$m FY16 % FY15 % 9M17 % 9M16 % Offshore & Marine 2,854 42 6,241 60 1,312 30 2,054 43 Property 2,035 30 1,823 18 1,350 31 1,451 30 Infrastructure 1,744 26 2,037 20 1,614 36 1,228 25 Investments 134 2 195 2 143 3 94 2 Total 6,767 100 10,296 100 4,419 100 4,827 100 18 18
Slide 19: Net Profit by Segments
Net Profit by Segments S$m FY16 % FY15 % 9M17 % 9M16 % Offshore & Marine 29 4 482 32 1 - 167 26 Property 620 79 661 43 398 56 355 55 Infrastructure 99 13 197 13 97 14 80 13 Investments 36 4 185 12 216 30 39 6 Total 784 100 1,525 100 712 100 641 100 19 19
Slide 20: Net Profit & EPS
Net Profit & EPS Net profit (S$m) EPS (Cents) 2,237 124.8 619 1,846 1,885 34.5 102.3 103.8 1,525 685 726 84.0 346 38.0 39.9 19.3 405 22.3 521 29.1 457 414 363 784 25.3 22.9 20.0 712 43.2 4Q: 4Q: 39.2 143 7.9 397 3Q: 3Q: 3Q: 347 406 291 19.2 22.3 21.9 3Q: 225 16.0 12.4 751 2Q: 2Q: 41.9 2Q: 2Q: 205 16
Slide 21: ROE & Dividend
ROE & Dividend ROE (%) & Dividend (Cents) Distribution in specie ~28.6cts/share Plus Distribution in specie ~9.5cts/share 26.4% Plus 19.5% 18.8% 48.0 14.2% 45.0 40.0 34.0 6.9% 7.7% 18.0 10.0 12.0 12.0 20.0 8.0 8.0 FY12 FY13 FY14 FY15 FY16 9M17 ROE Interim Dividend Full-Year Dividend 21 21