Slide 1: Accelerating Transformation
Accelerating Transformation From conglomerate to differentiated global alternative real asset manager & operator Media and Analyst Briefing 3 May 2023
Slide 2: Transformation is not new to Keppel
Transformation is not new to Keppel 1968 1970s 1980s 1990s 2000s Established as Expanded into Expanded into Expanded into Divested banking and Keppel Shipyard offshore rig real estate infrastructure financial services business business business business Established Keppel O&M 2010s 2020s 2023
Slide 3: A global asset manager & operator
Keppel is accelerating its transformation to become… A GLOBAL ASSET MANAGER & OPERATOR Comprising three platforms: Fund Investment Operating 1 Management 2 Platform 3 Platform Platform with deep operating capabilities in infrastructure, real estate and connectivity. 3
Slide 4: Why change?
Why change? Remove conglomerate Harness unique Empower Group to Enhance efficiency structure and be strengths of Keppel grow at speed and through capturing one integrated as asset manager scale in a nimble synergies and company with strong operating manner, leveraging tapping technology capabilities
Slide 5: We are in the right space, at the right time, seizing opportunities amidst macrotrends
We are in the right space, at the right time, seizing opportunities amidst macrotrends 1 2 Investors increasing Energy transition & allocation to real climate change assets Alternatives AUM 3 23.2 (US$ trillions) Rapid urbanisation & 5.8x ageing populations 13.3 11.7 10.1 6.8 7.2 7.6 8.5 9.0 4 5.5 6
Slide 6: The Keppel Difference
The Keppel Difference I Established asset manager with over 20 years of track record, seasoned management team and established LP network Funds raised Capital deployed Returns achieved AUM S$9.5b S$17.6b 17% IRR / 1.8x S$50b Capital raised Investments completed equity multiple AUM at end-2022 over 3
Slide 7: Accelerating achievement of Vision 2030 goals with ambitious targets
We are accelerating achievement of Vision 2030 goals by setting ambitious targets across asset monetisation, AUM growth and synergy capture. Cumulative asset AUM growth Synergy capture monetisation¹ S$60-70m 4x S$200b Annual savings expected 3.5x S$17.5b by 2026 from synergy capture, including throu
Slide 8: Reorganised for growth with simplified structure comprising 3 platforms
Reorganised for growth as a leading asset manager and operator with simplified structure comprising 3 platforms. Keppel CEO Fund Management Platform Investment Platform Operating Platform Focus on raising capital and forging Drive capital deployment decisions Drive innovation and customer stronger r
Slide 9: Driving operational efficiency and business excellence
Driving operational efficiency and business excellence Removes conglomerate structure to realise synergies from integration Horizontally integrated to create a nimble, efficient and tech-enabled company Centralised and optimised support functions to bolster cost-efficient AUM growth 9
Slide 10: Creating a virtuous investment cycle to achieve S$200b AUM target
Creating a virtuous investment cycle to achieve S$200b AUM target Raising funds and gathering assets 1 Managing and optimising portfolio Creating deal flow funnel and building quality pipeline 2 Converting deals into quality investments with attractive risk-adjusted returns Adding value with operati
Slide 11: Enablers to strengthen delivery ecosystem and drive results
Enablers to strengthen delivery ecosystem and drive results Tech-enabled Simplified, standardised and tech-enabled processes Processes drive faster decision making and greater productivity Agile Cost efficient, resilient and agile corporate functions Organisation promote scalability and cost-efficie
Slide 12: We are well-positioned to achieve our ambitions
We are well-positioned to achieve our ambitions, creating higher value for investors and shareholders. Global asset manager and operator with goal to scale AUM to S$200b by 2030 and deliver 15% ROE Strong investment Differentiated Capturing growth Optimised track record value proposition from long-t
Slide 13: Enabling market to better value Keppel as asset manager and operator
Enabling market to better value Keppel as asset manager and operator FY22 net profit Asset Mgmt. Operating Valuation EPC/ Capital Net depicted via fees income¹ items Development recycling profit horizontal Mgmt fees Sale of gas, electricity, utilities Property EPC Disposal gains/loss repor
Slide 14: Horizontal reporting enhances visibility of value created
Horizontal reporting enhances visibility of value created across Infrastructure, Real Estate & Connectivity segments Reporting earnings streams across horizontals Demonstrates differentiated ability to capture multiple income streams through horizontally integrated operating model Focusing on Ke
Slide 15: Keppel's accelerated transformation will empower us to become a leading asset manager
Keppel’s accelerated transformation will empower us to become a leading global alternative real asset manager and operator, achieving our AUM target and creating stronger value for all stakeholders. Deliver innovative, Drive performance Create value for our sustainable solutions to of various funds
Slide 16: Q&A
Q&A 16
Slide 17: 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