Keppel Dc Reit · SGX:AJBU
Keppel Dc Reit — Shareholder Meeting (June 2020)
15 slides from Keppel Dc Reit's shareholder meeting presentation, Jun 1, 2020
Slide 1: Annual General Meeting
Annual General Meeting 1 June 2020
Slide 2: Key highlights for FY 2019
Key highlights for FY 2019 Steady growth in Adjusted DPU, Stable income stream with healthy Low aggregate leverage provides increasing by 5.3% to 7.713 cents portfolio occupancy and long WALE financial flexibility to pursue growth Adjusted DPU (cents) Portfolio Occupancy Aggregate Leverage4 8.00 94.
Slide 3: Achieving growth through DPU-accretive acquisitions
Achieving growth through DPU-accretive acquisitions ▪ FY 2019: Expanded footprint in Singapore with acquisitions of DC1 and Keppel DC Singapore 4 ▪ YTD 2020: Completed acquisitions of the remaining 999-year leasehold land interest at Keppel DC Dublin 1 and Kelsterbach Data Centre in Germany; Obtaine
Slide 4: Optimising portfolio returns
Optimising portfolio returns Keppel DC Singapore 5 DC1 Intellicentre 3 East Data Centre ▪ Increase power capacity and ▪ Fit out shell and core space ▪ Commenced construction converting a large portion of the ▪ Estimated costs: Up to $56.6m ▪ Development costs of A$26.0m- vacant non-DC space to DC sp
Slide 5: Maintaining a well-diversified portfolio
Maintaining a well-diversified portfolio Portfolio AUM breakdown Rental income breakdown As at 31 Dec 2019 for Dec 20191 Singapore Germany 63.2% By trade sector: By lease type: Italy 5.4% 2.2% Ireland Internet 7.0% enterprise 48.5% Shell & core Netherlands Corporate Colocation 7.9% 5.3% 1.3% 72.4% U
Slide 6: 1Q 2020 Updates
1Q 2020 Updates 6
Slide 7: Key highlights for 1Q 2020
Key highlights for 1Q 2020 Steady y-o-y growth in Stable income Low aggregate Limited interest distributable income stream with healthy leverage of 32.2% as rate exposure with and adjusted DPU, portfolio occupancy of at 31 Mar 2020 77% of borrowings increasing 32.0% to 94.7% and long WALE provides h
Slide 8: Stable returns / Healthy balance sheet
Stable returns ($’000) 1Q 2020 1Q 2019 % Change Gross Revenue 60,272 48,033 +25.5 Net Property Income 55,443 43,230 +28.3 Distributable Income1 35,781 27,109 +32.0 Distribution per Unit (DPU)1 2.085 1.920 +8.6 (cents) Healthy balance sheet 31 Mar 2020 31 Dec 2019 % Change Unitholders’ Funds ($’000)
Slide 9: Prudent capital management
Prudent capital management Debt Maturity Profile As at 31 Mar 2020 2.7% 13.1% 29.5% 6.5% 16.9% 5.4% 7.0% 7.0% 8.3% 1.3% 2.3% 2020 2021 2022 2023 2024 2025 2026 SGD AUD GBP EUR ▪ Obtained new loan facilities: EUR 50 million revolving credit facility and EUR 50 million term As at 31 Mar 2020 loan faci
Slide 10: Resilient portfolio provides income stability
Resilient portfolio provides income stability ▪ Additional power capacity at Keppel DC Singapore 5 fully-committed Portfolio Occupancy Portfolio WALE ▪ Converting additional space at Keppel DC Dublin 2 into a data hall: Expected completion in 1H 2021 94.7% 8.3 years as at 31 Mar 2020 by leased area
Slide 11: Managing impact of COVID-19
Managing impact of COVID-19 ▪ Resilient asset class that supports the digital economy ▪ Impact of global supply chain concerns ̶ Closely monitoring AEI works at Keppel DC Dublin 1, Keppel DC Singapore 5 and DC1 ▪ Measures and controls to ensure that facilities continue to operate with zero downtime
Slide 12: Outlook
Outlook [éerrpe rerr ew 4
Slide 13: Stable outlook supported by sound industry fundamentals
Global colocation market expected to grow by Stable outlook supported by sound industry fundamentals 14% 1 in 2020 ▪ Demand is expected to hold up in a pandemic as data centres support mission critical operations Enterprise spending on cloud infrastructure expected to grow by ▪ COVID-19: Expect high
Slide 14: Positioned for growth
Positioned for growth ▪ The Manager will continue to strengthen Keppel DC REIT’s presence and position it to capitalise growth opportunities in the data centre industry Participate in the fast- growing data centre sector Resilient income stream Focused investment strategy Prudent capital management
Slide 15: Thank You
Thank You Important Notice: The past performance of Keppel DC REIT is not necessarily indicative of its future performance. Certain statements made in this presentation may not be based on historical information or facts and may be “forward-looking” statements due to a number of risks, uncertainties