SlideShare a Scribd company logo
1 of 49
Download to read offline
1Q 2020
Financial Results
29 April 2020
2
• Address by CEO
• Group Financial Highlights by CFO
Scope of Briefing
3
Address by CEO
4
COVID-19
• Plunge in global economic activity caused by COVID-19
• Keppel is not directly involved in sectors most severely impacted by COVID-19,
but has inevitably also been affected by the pandemic
• Many of our businesses in essential services and continue to operate
• Responded quickly with precautionary measures - Health and well-being of employees
and stakeholders are our top priority
• Providing support to help vulnerable communities
6
3
132
35
16
174
49
(52)
1Q 2019 1Q 2020
Offshore & Marine Property
Infrastructure Investments
5
Financial Performance
S$160m
1Q 2020 net profit down 21% from $203m
for 1Q 2019
S$1,857m
1Q 2020 revenue up 21% from S$1,531m
for 1Q 2019
Net profit
160
• Annualised ROE was 5.7%
• Free cash inflow of S$37m
in 1Q 2020 vs outflow of
S$534m in 1Q 2019
• Net gearing was 0.88x as at
end-Mar 2020 vs 0.85x as at
end-Dec 2019
• Continue to have strong
balance sheet and necessary
credit lines
Key highlights
S$m
0
203
6
Offshore & Marine
(9)
20
5
7
10
(24)
1Q 2019 1Q 2020
New Builds Conversions & Repairs Associates
6
3
i
i Includes contributions from Floatel, Blue Tern, Dyna-
Mac, etc, and impairment on associates
S$m
0
• 1Q 2020 net profit of S$3m
• Operating profit of S$28m was higher yoy
• O&M sector expected to remain challenging following the sharp fall
in oil price
• Yards in Singapore and overseas operating at reduced capacity due
to COVID-19; Philippine yards locked down
• Delays in projects due to workforce and supply chain disruptions
• Served force majeure notices to customers
Net profit
7
Offshore & Marine
• Net orderbook stood at S$4.0b as at end-Mar 2020
• Continued to execute projects well - Delivered 2 newbuild projects
and an FPSO modification and upgrade project in 1Q 2020
• Continue to seek new opportunities, especially in gas
and renewables
• Partnering EMAii to develop energy solutions in distributed energy
resources, digitalisation and emerging low carbon alternatives
1.0 0.9
0.2
0.1
0.1
0.1
2.4
2.2
0.7
0.7
End-2019 End-Mar 2020
Oil rigs FPSOs
Specialised vessels Gas solutions
Renewables
i Excludes semis for Sete
S$b
0
4.0
4.4
Net orderbooki
ii Energy Market Authority
8
Property
90
37
32
(11)
10
9
1Q 2019 1Q 2020
Property trading Property investment REIT
S$m
0
132
35
• 1Q 2020 net profit of S$35m
• Lower yoy mainly due to absence of divestment gains and a tax
writeback in 1Q 2019
• Slowdown in construction and sales during COVID-19
• COVID-19 impact varies across key markets
• Chinese market showing signs of recovery
• Other markets in varying degrees of lockdown except for
essential services
• Rendering support where possible to tenants of commercial
developments affected by COVID-19
Net profit
9
Property
230
330
30
10
50
50
20
30
60
30
1Q 2019 1Q 2020
China Vietnam Singapore Indonesia India
450
390
Units
0
• Home sales
• Sold 450 units in 1Q 2020, up 15% yoy, with total sales value
of ~S$320m
• Sale of 8,830 overseas units worth ~S$4.1b recognisable from
2Q 2020-2023
• Expanding presence in China with new residential site in Taicang, Jiangsu
• Residential landbank of ~45,000 units
• Commercial portfolio comprises 1.6 million sm of GFA
• ~50% of GFA under development will progressively contribute to
recurring income on completion
Home sales
10
Infrastructure
19
168
4
4
(7)
2
1Q 2019 1Q 2020
Keppel Infrastructure Data Centres
Logistics & Others
S$m
0
16
174
• 1Q 2020 net profit of S$174m
• Gain of S$131m arising from reclassification of Keppel Infrastructure
Trust as an investment
• Keppel Infrastructure doubled its core earnings
• Reinforcing global position as waste management solutions provider
• Keppel-led consortium awarded S$1.5b contract for Phase 1 of
Singapore’s Tuas Nexus Integrated Waste Management Facility
• Secured contracts to provide WTE solutions in India
• Growing demand for connectivity solutions
• More enquiries on new data centre capacity amid COVID-19
• Keppel Data Centres partnering Toll Group and Royal Vopak to explore
Floating Data Centre Park and LNG-to-power solutions in Singapore
Net profit
23
16
9 22
(40)
(7)
(6)
83
(66)
(19)
(18)
1Q 2019 1Q 2020
Keppel Capital M1 KrisEnergy
SSTEC Others Impairment of an
associated company
S$m
0
i
i
11
Investments
ii
49
(52)
• 1Q 2020 net loss of S$52m
• Lower yoy mainly due to absence of re-measurement gains of
previously held interest in M1
• Asset management
• Recurring fee income remained resilient despite COVID-19
• 1Q net earnings lower mainly due to mark-to-market loss of
S$26m on holdings in a listed REIT
• Keppel Asia Infrastructure Fund to raise aggregate capital
commitments of US$570m; acquired 30% stake in Gimi
• Keppel-Pierfront Private Credit Fund achieved first close of US$200m
• Formed joint venture with Australian Unity
i Share of associated companies’ results
ii Prior to March 2019, M1 relates to the share of associated companies’ results
Net profit/loss
12
Investments
• M1
• Resilient demand for mobile services amid COVID-19
• Added 20,000 postpaid customers in 1Q 2020
• But lower revenue from roaming and prepaid services, and slower handset and equipment sales
due to COVID-19
• New opportunities from accelerated digital transformation of organisations
• Submitted a joint bid with Starhub for a 5G licence
• SSTEC
• Continued to drive development of Tianjin Eco-City with sale of 1 land plot for RMB1.17b in April 2020
13
Vision 2030
• Capital allocation driven by:
ROE target, scalability, integration & synergy, and alignment with Vision, Mission & ESG goals
• Selective divestments to free up balance sheet
• One integrated business, collaborating to provide solutions for sustainable urbanisation
• Tap 3rd party funds for growth & eco-system of REITs and business trusts to recycle capital
• Streamline and focus business on four key areas:
Energy &
Environment
Urban
Development
Connectivity
Asset
Management
14
Group Financial
Highlights by CFO
15
Net Profit
Key highlights
1Q 2020 Financial Performance
↑ 21% from net profit of
S$203m to S$160m
S$m 1Q 2020 1Q 2019 % Change
Revenue 1,857 1,531 21
EBITDA 374 389 (4)
Operating Profit 273 322 (15)
Profit Before Tax 247 283 (13)
Net Profit 160 203 (21)
EPS (cents) 8.8 11.2 (21)
EPS 21% from 11.2cts to
8.8cts
↑
16
1Q 2020 Revenue by Segment
S$m 1Q 2020 % 1Q 2019 % % Change
Offshore & Marine 569 31 332 22 71
Property 302 16 357 23 (15)
Infrastructure 697 37 699 46 -
Investments 289 16 143 9 102
Total 1,857 100 1,531 100 21
17
1Q 2020 Pre-tax Profit by Segment
S$m 1Q 2020 % 1Q 2019 % % Change
Offshore & Marine 4 1 1 - 300
Property 93 38 181 64 (49)
Infrastructure 182 74 20 7 >500
Investments (32) (13) 81 29 n.m.f.
Total 247 100 283 100 (13)
n.m.f. denotes No Meaningful Figure
18
1Q 2020 Net Profit by Segment
S$m 1Q 2020 % 1Q 2019 % % Change
Offshore & Marine 3 2 6 3 (50)
Property 35 22 132 65 (73)
Infrastructure 174 109 16 8 >500
Investments (52) (33) 49 24 n.m.f.
Total 160 100 203 100 (21)
n.m.f. denotes No Meaningful Figure
19
Net Profit & EPS
360
211 252 337
203 160
397
205 171
249
153
363
225 265
227
159
405
143 127
135
192
Net profit (S$m)
1Q 2Q 3Q 4Q
19.8
11.6 13.9 18.6
11.2 8.8
21.9
11.3 9.4
13.7
8.4
20.0
12.4 14.6
12.5
8.8
22.3
7.9 6.9
7.5
10.5
EPS (Cents)
1Q 2Q 3Q 4Q
38.9
8.8
1,525 84.0
784 43.2815 44.8
948 52.3
i Excludes one-off financial penalty from global resolution & related costs
i
i
707
160
20
Free Cash Flow
S$m 1Q 2020 1Q 2019
Operating profit 273 322
Depreciation & other non-cash items (12) (148)
261 174
Working capital changes (60) (676)
Interest & tax paid (65) (89)
Net cash from/(used in) operating activities 136 (591)
Investments & capex (85) (26)
Divestments & dividend income 50 46
Advances to/from associated companies (64) 37
Net cash (used in)/ from investing activities (99) 57
Cash inflow/(outflow) 37 (534)
Free cash flow excludes expansionary acquisitions and capex, and major divestments.
21
Questions &
Answers
22
Additional
Information
• 40% of total revenue came from overseas customers
Revenue by Geography
1Q 2020
Total
(S$m)
Overseas
Customers
(%)
Singapore
Customers
(%)
Offshore & Marine 569 73 27
Property 302 75 25
Infrastructure 697 14 86
Investments 289 - 100
Total 1,857
23
24
EBITDA by Segment
S$m 1Q 2020 % 1Q 2019 % % Change
Offshore & Marine 58 16 31 8 87
Property 98 26 181 46 (46)
Infrastructure 180 48 26 7 >500
Investments 38 10 151 39 (75)
Total 374 100 389 100 (4)
25
Capital/Gearing/ROE
S$m 31 Mar 2020 31 Dec 2019
Shareholders’ Funds 11,185 11,211
Total Equity 11,623 11,646
Net Debt 10,225 9,874
Net Gearing Ratio 0.88x 0.85x
ROE 5.7% 6.3%
i Net debt and net gearing ratio included lease liabilities
i
i
Net Profit by Business Unit
S$m 1Q 2020 1Q 2019 % Change
Keppel Offshore & Marine 3 6 (50)
Keppel Land i 39 129 (70)
Keppel Infrastructure 168 19 >500
Keppel Telecommunications & Transportation ii 3 1 200
Keppel Capital 16 23 (30)
M1 iii 22 9 144
Share of SSTEC’s results (6) (7) 14
KCL, Others & Elimination i, ii (85) 23 n.m.f.
Total 160 203 (21)
26
i Included in Keppel Land is its effective share of SSTEC’s results, which is eliminated under “KCL, Others & Elimination”
ii Based on Keppel Corporation’s effective shareholdings. Included in Keppel T&T is its effective share of M1’s results, which is eliminated under “KCL, Others & Elimination”
iii Included in M1 is Keppel T&T’s share of results prior to the Group obtaining majority control of M1, as well as contribution from the consolidation of M1 subsequent to the Group obtaining majority control
n.m.f. denotes No Meaningful Figure
27
Offshore & Marine
S$m 1Q 2020 1Q 2019 % Change
Revenue 569 332 71
EBITDA 58 31 87
Operating Profit 28 3 >500
Profit Before Tax 4 1 300
Net Profit 3 6 (50)
28
Financial Highlights – Offshore & Marine
29
Operational Review
• Secured S$34m of new orders in 1Q 2020:
• Fabrication of leg component for an offshore wind turbine installation vessel
• Project deliveries in 1Q 2020:
• 1 jackup rig, 1 dual-fuel bunker tanker and an FPSO modification and upgrade project
30
Orderbook
S$m
Contract Value
Gross Net Client
For delivery in 2020
8 JUs/3 FPSO Modules Fabrication & Integration*/1 Semi*/1 Production
Barge/2 LNG Carrier/2 LNG Bunkering Vessels/2 LNG Containerships
/1 Dredger/1 FLNG Turret/1 Liftboat 4,040 635
Borr Drilling/Clearwater/Fecon/Petrobras/Modec/
*Name Withheld/KrisEnergy/Stolt-Nielsen/Shturman
Koshelev/FueLNG/Pasha Hawaii/Jan De Nul/SOFEC/
Crystal Height
For delivery in 2021
1 Semi/1 JU/1 FPSO Topside Integration*/2 Trailing Suction Hopper
Dredgers/2 offshore wind farm substations 1,689 512 Awilco/TS Offshore/*Name Withheld/Ørsted/Van Oord
For delivery in 2022
2 JUs/1 Semi/2 FLNG Conversions/1 Dredger/Gas Scrubber and BWTs
Retrofit*/Fabrication of leg component for an offshore wind turbine
installation vessel* 3,764 2,353 Borr Drilling/Awilco/Golar/Van Oord/*Name withheld
For delivery in 2023 onwards
1 offshore HVDC converter station and an onshore converter station 536 478 TenneT Offshore GmbH
Total i 10,029 3,978
i Excludes semis for Sete Brasil
As at end-Mar 2020
31
Property
32
Financial Highlights - Property
S$m 1Q 2020 1Q 2019 % Change
Revenue 302 357 (15)
EBITDA 98 181 (46)
Operating Profit 89 172 (48)
Profit Before Tax 93 181 (49)
Net Profit 35 132 (73)
Key Projects Location Units Sold in 1Q 2020
Sales Value in
1Q 2020
Latest Avg. Selling Price
China (RMB’m) (RMB’psm)
City Park Chengdu 93 278 ~22,100
Waterfront Residences
Wuxi
43 168 ~23,800
Seasons Residences 35 100 ~22,200
China Chic Nanjing 150 592 ~29,900
Total 321 1,138
Vietnam (US$’m) (US$’psm)
Narra Residences HCMC 16 16 ~6,300
Indonesia (US$’m) (US$’psm)
West Vista at Puri Jakarta 26 2 ~1,500
India (US$’m) (US$’psm)
Provident Park Square Bangalore 28 2 870
Sales Achieved - Overseas
33
Stake Tenure
Total GFA
(sf)
Total
Units
Units
Launched
Units
Sold
Remaining
Units
Remaining Area
For Sales (sf)
Launched Projects
The Garden Residences 60% 99-yr 462,561 613 320 276 337 296,804
Corals at Keppel Bay 100% 99-yr 509,998 366 366 316 50 118,069
Reflections at Keppel Bay 100% 99-yr 2,081,738 1,129 1,129 1,070 59* 178,508
Upcoming Projects
19 Nassim 100% 99-yr 99,629 101 - - 101 95,674
Keppel Bay Plot 4 39% 99-yr 344,448 424 - - 424 327,223
Keppel Bay Plot 6 100% 99-yr 226,044 86 - - 86 207,959
Total 3,724,418 2,719 1,815 1,662 1,057 1,224,237
* Includes 13 units committed to buyers under deferred payment schemes
As of end-Mar 2020
Residential Landbank - Singapore
34
Location Stake
Total GFA
(sm)
Total
Units
Units
Launched
Units
Sold
Remaining Units
For Sale
Remaining Area
For Sale (sm)
8 Park Avenue
Shanghai
99% 131,957 918 918 908 10 3,043
Seasons Residences 100% 119,262 1,101 1,062 1,060 41 4,906
Sheshan Riviera 99.4% 90,109 217 53 31 186 56,598
Hill Crest Villas
Chengdu
100% 163,147 274 - - 274 149,908
Serenity Villas 100% 289,994 867 84 76 791 249,938
City Park 30% 99,501 772 772 766 6 1,600
Pidu Devt 100% 66,930 561 - - 561 66,630
Waterfront Residences
Wuxi
100% 307,200 1,403 1,094 1,048 355 64,606
Park Avenue Heights 100% 171,000 1,281 676 676 605 69,561
Seasons Residences 100% 392,520 2,904 764 376 2,528 300,657
Serenity Villas
Tianjin
100% 81,391 340 340 259 81 29,036
Mixed-use Devt 100% 1,993,919 11,299 - - 11,299 1,539,304
Tianjin Eco-City 100% 625,190 4,152 4,152 4,112 40 4,874
Waterfront Residences 100% 63,235 341 341 340 1 349
Waterfront Residences II 100% 87,760 572 180 12 560 84,205
Stamford City Jiangyin 99.4% 309,992 1,470 1,125 1,120 350 66,096
China Chic
Nanjing
40% 193,133 1,589 1,589 1,430 159 18,515
Xuanwu 3.8-ha Mixed-use Devt 25% 111,114 523 - - 523 90,959
Hill Crest Residences Kunming 68.8% 42,928 263 166 132 131 18,456
Total 5,340,282 30,847 13,316 12,346 18,501 2,819,241
As of end-Mar 2020
Residential Landbank - China
35
Location Stake
Total GFA
(sm)
Total
Units
Units
Launched
Units
Sold
Remaining
Units For Sale
Remaining Area
For Sale (sm)
Vietnam
Saigon Sports City
HCMC
100% 780,878 4,261 - - 4,261 453,768
Palm City 42% 492,471 3,043 1,587 1,579 1,464 145,686
Empire City 40% 661,372 2,777 1,396 1,341 1,436 159,501
Riviera Point 75% 430,163 2,421 1,889 1,797 624 70,579
Celesta 60% 258,919 2,342 - - 2,342 209,874
Dong Nai Waterfront City Dong Nai 30% 1,125,236 6,536 - - 6,536 838,893
Sub-Total 3,749,039 21,380 4,872 4,717 16,663 1,878,301
Indonesia
West Vista at Puri
Jakarta
100% 153,464 2,855 541 453 2,402 99,573
Daan Mogot 100% 275,266 4,523 - - 4,523 226,800
The Riviera at Puri 50% 72,864 487 487 461 26 7,943
BCA site 100% 61,458 451 - - 451 49,167
Wisteria 50% 68,099 557 180 180 377 42,401
Sub-Total 631,151 8,873 1,208 1,094 7,779 425,884
India
Provident Park Square Bangalore 51% 167,517 2,082 1,429 1,058 1,024 86,051
Total 4,547,707 32,335 7,509 6,869 25,466 2,390,236
As of end-Mar 2020
Residential Landbank - Other Overseas
36
Project Location
Units Ready to Launch
2020 2021 2022
8 Park Avenue
Shanghai
10 - -
Seasons Residences 41 - -
Sheshan Riviera 34 47 -
Hill Crest Villas
Chengdu
- 42 36
Serenity Villas 42 134 111
City Park 6 - -
Waterfront Residences
Wuxi
298 47 10
Park Avenue Heights 332 273 -
Seasons Residences 735 928 865
Serenity Villas
Tianjin
6 22 25
Tianjin Eco-City 40 - -
Waterfront Residences 1 - -
Waterfront Residences II 123 179 112
China Chic
Nanjing
62 97 -
Xuanwu 3.8-ha Mixed-use Devt 213 310 -
Hill Crest Residences Kunming - 58 73
Total 1,943 2,137 1,232
Residential Launch Readiness – China
37
Project Location
Units Ready to Launch
2020 2021 2022
Indonesia
West Vista at Puri
Jakarta
180 400 371
The Riviera at Puri 19 7 -
BCA site 300 151 -
Wisteria 201 176 -
Vietnam
Saigon Sports City
HCMC
Velona 714 360 117
Natura - 768 384
Saigon Sports City (Subsequent phases) - - 444
Riviera Point^
The View 20 - -
The Infiniti 72 - -
Riviera Point Ph 1D - 231 -
Palm City
Palm Garden 8 - -
Palm Spring 341 146 -
Empire City
Cove Residences 2 - -
Narra Residences 53 - -
Empire City (Subsequent phases) - 678 438
Celesta^ 692 869 657
Dong Nai Waterfront City Dong Nai - 267 683
India
Provident Park Square Bangalore 480 544 -
Total 3,082 4,597 3,094
Residential Launch Readiness – Other Overseas
^ Riviera Point and Celesta are in District 7 and Nha Be District, respectively. The other projects in HCMC are in District 2. 38
Projects/Phases launched Location Total Units
Units Launched as at
end-Mar 2020
Units Sold as at
end-Mar 2020
Units Remaining as at
end-Mar 2020
Expected
Completion
China
Seasons Residences (Ph 3B)
Tianjin
346 346 306 40 1H2021
Seasons Garden (Plot 8) 354 354 354 - 2H2020
Seasons Heights 372 372 372 - 1H2020
Waterfront Residences II 572 180 12 560 2H2021
Waterfront Residences (Ph 5)
Wuxi
180 180 174 6 2H2020
Waterfront Residences (Ph 6) 468 215 180 288 1H2021
Seasons Residences (Ph 1) 180 180 76 104 2H2020
Seasons Residences (Ph 2) 584 584 300 284 1H2021
City Park Chengdu 772 772 766 6 1H2021
China Chic (Ph 1 & 2)
Nanjing
885 885 873 12 2H2021
China Chic (Ph 3) 704 704 557 147 2H2022
Vietnam
Linden Residences
HCMC
510 510 510 - 2H2020
Tilia Residences 472 472 472 - 1H2021
Cove Residences 136 136 134 2 2H2021
Narra Residences 278 278 225 53 1H2023
The Infiniti 822 822 750 72 1H2022
Palm Garden 636 636 628 8 2H2022
Indonesia
The Riviera at Puri (Ph 2)
Jakarta
176 176 172 4 2H2020
The Riviera at Puri (Ph 3) 141 141 119 22 2H2021
Wisteria (Ph 1) 180 180 180 - 2H2021
India
Provident Park Square Bangalore 2,082 1,429 1,058 1,024 2H2021
Total 10,850 9,552 8,218 2,632
Expected Completion for Launched Projects
39
Projects/Phases to be launched Location
No. of Units Expected to be Completed
2020 2021 2022
China
Sheshan Riviera Shanghai - 105 -
Serenity Villas
Chengdu
144 - 138
Hill Crest Villas - - 45
Waterfront Residences
Wuxi
- 56 -
Park Avenue Heights - 232 373
Seasons Residences - 1,062 1,078
Xuanwu 3.8-ha Mixed-use Devt Nanjing - - 71
Hill Crest Residences Kunming - - 97
Total 144 1,455 1,802
Vietnam
Celesta HCMC - - 923
Total - - 923
Indonesia
Wisteria Jakarta - - 201
Total - - 201
Expected Completion for Upcoming Projects
40
Projects under Development Location Stake GFA (sm) Development Cost^ Completion
China
Park Avenue Central Shanghai 99% 115,950 RMB3.8b 2023
Seasons City Tianjin 100% 162,000 RMB2.6b 2020 (Ph 1)
Indonesia
IFC Jakarta Tower 1 Jakarta 100% 92,500 S$270m 2025
Vietnam
Empire City HCMC 40%
86,400 (Office)
US$704m 2026
106,000 (Retail)
35,000 (Hotel)
25,000 (Serviced Apt)
Myanmar
Junction City Ph 2 Yangon 40% 50,000 US$48.6m* 2023
India
KPDL Grade-A Office Tower Bangalore 51% 95,000 S$130m 2024
^ Excluding land cost
* Investment cost for 40% stake
Commercial Projects - Under Development
41
Key Completed Projects Location Stake GFA (sm) Net Lettable Area (sm) Completion
Singapore Keppel Bay Tower
Singapore
100% 41,900 36,000 2002
Keppel Towers and Keppel Towers 2 100% 58,600 45,400 1991/1993
I12 Katong 100% 26,200 19,600 2011*
China Trinity Tower
Shanghai
30% 70,000 48,600 2015
North Bund Plaza (formerly Yi Fang Tower) 30% 74,400 64,000 2018
K Plaza 99.4% 40,900 27,000 2016**
The Kube (formerly Zhangjiang Micro-
electronic Port Block #3)
100% 14,520 10,890 2004
Linglong Tiandi Tower D
Beijing
100% 11,630 10,640 2012
Shangdi Neo 100% 4,240 4,240 2003
Westmin Plaza Guangzhou 30% 42,530 34,990 2008
Vietnam Saigon Centre Ph 1
HCMC
61.3% 17,200 (Office) 11,680 (Office) 1996
Saigon Centre Ph 2 61.3%
55,000 (Retail) 37,600 (Retail) 2016 (Retail)
44,000 (Office) 34,000 (Office) 2017 (Office)
Estella Place 98% 37,000 (Retail) 25,480 (Retail) 2018
Indonesia IFC Jakarta Tower 2 Jakarta 100% 61,300 50,200 2016
Myanmar Junction City Tower Yangon 40% 53,100 33,400 2017
Philippines SM-KL Project Manila 27.4%
70,800 (Retail) 50,840 (Retail) 2017 (Retail)
110,100 (Office) 89,300 (Office) 2019 (Office)
UK 75 King William Street London 100% 11,900 11,700 1989**
* I12 Katong is closed for AEI with effect from 1 March 2020. ** Renovation completed in 2018.
As of end-Mar 2020
Commercial Projects - Completed
42
43
Infrastructure
44
Financial Highlights - Infrastructure
S$m 1Q 2020 1Q 2019 % Change
Revenue 697 699 -
EBITDA 180 26 >500
Operating Profit 166 12 >500
Profit Before Tax 182 20 >500
Net Profit 174 16 >500
45
Investments
46
Financial Highlights - Investments
S$m 1Q 2020 1Q 2019 % Change
Revenue 289 143 102
EBITDA 38 151 (75)
Operating (Loss)/Profit (10) 135 n.m.f.
(Loss)/Profit Before Tax (32) 81 n.m.f.
Net (Loss)/Profit (52) 49 n.m.f.
n.m.f. denotes No Meaningful Figure
Plot Date
Sales Value
(RMB’m)
Land Area
(Hectare)
Plot Ratio
GFA
(sm)
Selling Price
Based on
Land Area
(RMB’m/hectare)
Based on GFA
(RMB/sm)
Plot 36 Apr 2020 1,174 10.86 1.6 167,400 108 7,013
Plot 30c Sep 2019 438 2.77 3.1 84,500 158 5,200
Plot 34 Aug 2019 1,017 9.21 1.6 141,800 110 7,200
Plot 20b Dec 2018 1,070 10.97 0.8 87,800 98 12,200
Plot 31 Sep 2018 1,460 8.77 2.5 219,100 166 6,700
Plot 26 Aug 2018 835 7.94 1.1 79,500 105 10,500
Plot 57b
Jan 2017
1,317 8.73
1.1
96,000 151 13,700
Plot 57c (1) 1,761 11.63 127,900 151 13,800
Plot 57c (2) 1,906 12.47 137,100 153 13,900
Plot 32
Jul 2016
380 3.71 1.3 46,000 102 8,300
Plot 41 1,222 8.52 1.8 153,400 143 8,000
Plot 25 Jan 2016 257 9.61 1.1 99,900 27 2,600
Source: Tianjin Municipal Bureau of Land Resources and Housing Administration http://gtzyfwgl.tj.gov.cn/
Residential Land Sales at Tianjin Eco-City
47
1,413
1,554
573
494
213
224
1Q 2019 1Q 2020
Fibre
Prepaid
Postpaid
137 132
42
42
8
8
103
78
1Q 2019 1Q 2020
Handset/Equipment
sales
International call
services
Fixed services
Mobile services
48
M1 Operational Highlights
290
260
S$m
0
‘000
0
2,272
2,199
Revenue Customers
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 regulatory changes. The forward-looking
statements reflect the current views of Management on future trends and
developments.
49

More Related Content

What's hot

3Q & 9M 2020 Business Updates Presentation Slides
3Q & 9M 2020 Business Updates  Presentation Slides3Q & 9M 2020 Business Updates  Presentation Slides
3Q & 9M 2020 Business Updates Presentation SlidesKeppelCorporation
 
Keppel Corporation's 2H & FY 2021 Financial Results Presentation Slides
Keppel Corporation's  2H & FY 2021 Financial Results Presentation SlidesKeppel Corporation's  2H & FY 2021 Financial Results Presentation Slides
Keppel Corporation's 2H & FY 2021 Financial Results Presentation SlidesKeppelCorporation
 
Briefing to Retail Shareholders Hosted by SIAS
Briefing to Retail Shareholders Hosted by SIASBriefing to Retail Shareholders Hosted by SIAS
Briefing to Retail Shareholders Hosted by SIASKeppelCorporation
 
Keppel Corporation UK Non-deal Roadshow 2019
Keppel Corporation UK Non-deal Roadshow 2019Keppel Corporation UK Non-deal Roadshow 2019
Keppel Corporation UK Non-deal Roadshow 2019KeppelCorporation
 
Keppel Corporation 1Q 2021 business update presentation slides
Keppel Corporation 1Q 2021 business update  presentation slidesKeppel Corporation 1Q 2021 business update  presentation slides
Keppel Corporation 1Q 2021 business update presentation slidesKeppelCorporation
 
Keppel Corporation's 3Q 2019 Results - Presentation Slides
Keppel Corporation's 3Q 2019 Results - Presentation SlidesKeppel Corporation's 3Q 2019 Results - Presentation Slides
Keppel Corporation's 3Q 2019 Results - Presentation SlidesKeppelCorporation
 
Keppel Corporation 3Q & 9M 2021 Business Update Slides
Keppel Corporation 3Q & 9M 2021 Business Update SlidesKeppel Corporation 3Q & 9M 2021 Business Update Slides
Keppel Corporation 3Q & 9M 2021 Business Update SlidesKeppelCorporation
 
Keppel Corporation Presentation to Investors in Bangkok- September 2019
Keppel Corporation Presentation to Investors in Bangkok- September 2019Keppel Corporation Presentation to Investors in Bangkok- September 2019
Keppel Corporation Presentation to Investors in Bangkok- September 2019KeppelCorporation
 
Keppel Corporation 1Q 2019 Financial Results Presentation Slides
Keppel Corporation 1Q 2019 Financial Results Presentation Slides Keppel Corporation 1Q 2019 Financial Results Presentation Slides
Keppel Corporation 1Q 2019 Financial Results Presentation Slides KeppelCorporation
 
9M 2021 Consolidated results
9M 2021 Consolidated results9M 2021 Consolidated results
9M 2021 Consolidated resultsSnam
 
Intervention energy
Intervention energyIntervention energy
Intervention energyramesh-fresh
 
Sp1 financial policies presentation 6.9.14
Sp1 financial policies presentation 6.9.14Sp1 financial policies presentation 6.9.14
Sp1 financial policies presentation 6.9.14cityofevanston
 
2020 Interim Results
2020 Interim Results2020 Interim Results
2020 Interim ResultsSnam
 
spectra energy 3QEarningsRelease
spectra energy 3QEarningsReleasespectra energy 3QEarningsRelease
spectra energy 3QEarningsReleasefinance49
 
2013 First Half Results
2013 First Half Results2013 First Half Results
2013 First Half Resultsve-finance
 
India - Renewables - eligible overseas capital markets candidate 2015
India - Renewables - eligible overseas capital markets candidate 2015India - Renewables - eligible overseas capital markets candidate 2015
India - Renewables - eligible overseas capital markets candidate 2015Varun Sethi
 
XYZ solar power Global IPO
XYZ solar power   Global IPOXYZ solar power   Global IPO
XYZ solar power Global IPOVarun Sethi
 
Apresentacao aes eletropaulo_4_q12_eng
Apresentacao aes eletropaulo_4_q12_engApresentacao aes eletropaulo_4_q12_eng
Apresentacao aes eletropaulo_4_q12_engAES Eletropaulo
 
Corporate Presentantion CPFL Energia June 2015
Corporate Presentantion CPFL Energia June 2015Corporate Presentantion CPFL Energia June 2015
Corporate Presentantion CPFL Energia June 2015CPFL RI
 

What's hot (20)

3Q & 9M 2020 Business Updates Presentation Slides
3Q & 9M 2020 Business Updates  Presentation Slides3Q & 9M 2020 Business Updates  Presentation Slides
3Q & 9M 2020 Business Updates Presentation Slides
 
Keppel Corporation's 2H & FY 2021 Financial Results Presentation Slides
Keppel Corporation's  2H & FY 2021 Financial Results Presentation SlidesKeppel Corporation's  2H & FY 2021 Financial Results Presentation Slides
Keppel Corporation's 2H & FY 2021 Financial Results Presentation Slides
 
Briefing to Retail Shareholders Hosted by SIAS
Briefing to Retail Shareholders Hosted by SIASBriefing to Retail Shareholders Hosted by SIAS
Briefing to Retail Shareholders Hosted by SIAS
 
Keppel Corporation UK Non-deal Roadshow 2019
Keppel Corporation UK Non-deal Roadshow 2019Keppel Corporation UK Non-deal Roadshow 2019
Keppel Corporation UK Non-deal Roadshow 2019
 
Keppel Corporation 1Q 2021 business update presentation slides
Keppel Corporation 1Q 2021 business update  presentation slidesKeppel Corporation 1Q 2021 business update  presentation slides
Keppel Corporation 1Q 2021 business update presentation slides
 
Keppel Corporation's 3Q 2019 Results - Presentation Slides
Keppel Corporation's 3Q 2019 Results - Presentation SlidesKeppel Corporation's 3Q 2019 Results - Presentation Slides
Keppel Corporation's 3Q 2019 Results - Presentation Slides
 
Keppel Corporation 3Q & 9M 2021 Business Update Slides
Keppel Corporation 3Q & 9M 2021 Business Update SlidesKeppel Corporation 3Q & 9M 2021 Business Update Slides
Keppel Corporation 3Q & 9M 2021 Business Update Slides
 
Keppel Corporation Presentation to Investors in Bangkok- September 2019
Keppel Corporation Presentation to Investors in Bangkok- September 2019Keppel Corporation Presentation to Investors in Bangkok- September 2019
Keppel Corporation Presentation to Investors in Bangkok- September 2019
 
Keppel Corporation 1Q 2019 Financial Results Presentation Slides
Keppel Corporation 1Q 2019 Financial Results Presentation Slides Keppel Corporation 1Q 2019 Financial Results Presentation Slides
Keppel Corporation 1Q 2019 Financial Results Presentation Slides
 
9M 2021 Consolidated results
9M 2021 Consolidated results9M 2021 Consolidated results
9M 2021 Consolidated results
 
Intervention energy
Intervention energyIntervention energy
Intervention energy
 
Sp1 financial policies presentation 6.9.14
Sp1 financial policies presentation 6.9.14Sp1 financial policies presentation 6.9.14
Sp1 financial policies presentation 6.9.14
 
2020 Interim Results
2020 Interim Results2020 Interim Results
2020 Interim Results
 
spectra energy 3QEarningsRelease
spectra energy 3QEarningsReleasespectra energy 3QEarningsRelease
spectra energy 3QEarningsRelease
 
2013 First Half Results
2013 First Half Results2013 First Half Results
2013 First Half Results
 
India - Renewables - eligible overseas capital markets candidate 2015
India - Renewables - eligible overseas capital markets candidate 2015India - Renewables - eligible overseas capital markets candidate 2015
India - Renewables - eligible overseas capital markets candidate 2015
 
XYZ solar power Global IPO
XYZ solar power   Global IPOXYZ solar power   Global IPO
XYZ solar power Global IPO
 
Analyst
AnalystAnalyst
Analyst
 
Apresentacao aes eletropaulo_4_q12_eng
Apresentacao aes eletropaulo_4_q12_engApresentacao aes eletropaulo_4_q12_eng
Apresentacao aes eletropaulo_4_q12_eng
 
Corporate Presentantion CPFL Energia June 2015
Corporate Presentantion CPFL Energia June 2015Corporate Presentantion CPFL Energia June 2015
Corporate Presentantion CPFL Energia June 2015
 

Similar to Keppel Corp 1Q2020 Presentation Slides

Keppel Corporation 2Q & 1H 2020 Results Presentation Slides
Keppel Corporation 2Q & 1H 2020 Results Presentation SlidesKeppel Corporation 2Q & 1H 2020 Results Presentation Slides
Keppel Corporation 2Q & 1H 2020 Results Presentation SlidesKeppelCorporation
 
KCL 4Q2019 Presentation Slides
KCL 4Q2019   Presentation SlidesKCL 4Q2019   Presentation Slides
KCL 4Q2019 Presentation SlidesKeppelCorporation
 
Keppel Corporation 2Q 2019 Results - Presentation Slides
Keppel Corporation 2Q 2019 Results - Presentation SlidesKeppel Corporation 2Q 2019 Results - Presentation Slides
Keppel Corporation 2Q 2019 Results - Presentation SlidesKeppelCorporation
 
Keppel Corporation US NDR Presentation Slides - May 2019
Keppel Corporation US NDR Presentation Slides - May 2019Keppel Corporation US NDR Presentation Slides - May 2019
Keppel Corporation US NDR Presentation Slides - May 2019KeppelCorporation
 
Keppel Corporation Kuala Lumpur Non-Deal Roadshow Presentation Slides
Keppel Corporation Kuala Lumpur Non-Deal Roadshow Presentation SlidesKeppel Corporation Kuala Lumpur Non-Deal Roadshow Presentation Slides
Keppel Corporation Kuala Lumpur Non-Deal Roadshow Presentation SlidesKeppelCorporation
 
Keppel Corporation's 4Q & FY 2018 Financial Results Presentation
Keppel Corporation's 4Q & FY 2018 Financial Results PresentationKeppel Corporation's 4Q & FY 2018 Financial Results Presentation
Keppel Corporation's 4Q & FY 2018 Financial Results PresentationKeppelCorporation
 
2021 1Q Consolidated results
2021 1Q Consolidated results2021 1Q Consolidated results
2021 1Q Consolidated resultsSnam
 
Briefing to Retail Shareholders Hosted by SIAS
Briefing to Retail Shareholders Hosted by SIASBriefing to Retail Shareholders Hosted by SIAS
Briefing to Retail Shareholders Hosted by SIASKeppelCorporation
 
Keppel Corporation 2H & FY2022 Results Presentation Slides
Keppel Corporation 2H & FY2022 Results Presentation SlidesKeppel Corporation 2H & FY2022 Results Presentation Slides
Keppel Corporation 2H & FY2022 Results Presentation SlidesKeppelCorporation
 
Keppel Corporation AGM 2019 Presentation Slides
Keppel Corporation AGM 2019 Presentation SlidesKeppel Corporation AGM 2019 Presentation Slides
Keppel Corporation AGM 2019 Presentation SlidesKeppelCorporation
 
2019 Preliminary Results - Banca IFIS
2019 Preliminary Results - Banca IFIS2019 Preliminary Results - Banca IFIS
2019 Preliminary Results - Banca IFISBanca Ifis
 
Snam 2020 - 1Q Results
Snam 2020 - 1Q Results Snam 2020 - 1Q Results
Snam 2020 - 1Q Results Snam
 
Leonardo 1H 2023 Results
Leonardo 1H 2023 ResultsLeonardo 1H 2023 Results
Leonardo 1H 2023 ResultsLeonardo
 
Presentation Material for 2Q / Mar. 2021
Presentation Material for 2Q / Mar. 2021Presentation Material for 2Q / Mar. 2021
Presentation Material for 2Q / Mar. 2021RicohLease
 
Presentation slides for investor meetings in Hong Kong
Presentation slides for investor meetings in Hong KongPresentation slides for investor meetings in Hong Kong
Presentation slides for investor meetings in Hong KongKeppelCorporation
 
2020 nine-month results
2020 nine-month results2020 nine-month results
2020 nine-month resultsSnam
 
Tim Q2-2020-Financial Results
Tim Q2-2020-Financial ResultsTim Q2-2020-Financial Results
Tim Q2-2020-Financial ResultsGruppo TIM
 
Analyst presentation Y2018
Analyst presentation Y2018Analyst presentation Y2018
Analyst presentation Y2018Hera Group
 
Presentation Material for 2Q / Mar. 2020
Presentation Material for 2Q / Mar. 2020Presentation Material for 2Q / Mar. 2020
Presentation Material for 2Q / Mar. 2020RicohLease
 
Keppel Corporation's 1Q 2022 Business Update Slides
Keppel Corporation's 1Q 2022 Business Update SlidesKeppel Corporation's 1Q 2022 Business Update Slides
Keppel Corporation's 1Q 2022 Business Update SlidesKeppelCorporation
 

Similar to Keppel Corp 1Q2020 Presentation Slides (20)

Keppel Corporation 2Q & 1H 2020 Results Presentation Slides
Keppel Corporation 2Q & 1H 2020 Results Presentation SlidesKeppel Corporation 2Q & 1H 2020 Results Presentation Slides
Keppel Corporation 2Q & 1H 2020 Results Presentation Slides
 
KCL 4Q2019 Presentation Slides
KCL 4Q2019   Presentation SlidesKCL 4Q2019   Presentation Slides
KCL 4Q2019 Presentation Slides
 
Keppel Corporation 2Q 2019 Results - Presentation Slides
Keppel Corporation 2Q 2019 Results - Presentation SlidesKeppel Corporation 2Q 2019 Results - Presentation Slides
Keppel Corporation 2Q 2019 Results - Presentation Slides
 
Keppel Corporation US NDR Presentation Slides - May 2019
Keppel Corporation US NDR Presentation Slides - May 2019Keppel Corporation US NDR Presentation Slides - May 2019
Keppel Corporation US NDR Presentation Slides - May 2019
 
Keppel Corporation Kuala Lumpur Non-Deal Roadshow Presentation Slides
Keppel Corporation Kuala Lumpur Non-Deal Roadshow Presentation SlidesKeppel Corporation Kuala Lumpur Non-Deal Roadshow Presentation Slides
Keppel Corporation Kuala Lumpur Non-Deal Roadshow Presentation Slides
 
Keppel Corporation's 4Q & FY 2018 Financial Results Presentation
Keppel Corporation's 4Q & FY 2018 Financial Results PresentationKeppel Corporation's 4Q & FY 2018 Financial Results Presentation
Keppel Corporation's 4Q & FY 2018 Financial Results Presentation
 
2021 1Q Consolidated results
2021 1Q Consolidated results2021 1Q Consolidated results
2021 1Q Consolidated results
 
Briefing to Retail Shareholders Hosted by SIAS
Briefing to Retail Shareholders Hosted by SIASBriefing to Retail Shareholders Hosted by SIAS
Briefing to Retail Shareholders Hosted by SIAS
 
Keppel Corporation 2H & FY2022 Results Presentation Slides
Keppel Corporation 2H & FY2022 Results Presentation SlidesKeppel Corporation 2H & FY2022 Results Presentation Slides
Keppel Corporation 2H & FY2022 Results Presentation Slides
 
Keppel Corporation AGM 2019 Presentation Slides
Keppel Corporation AGM 2019 Presentation SlidesKeppel Corporation AGM 2019 Presentation Slides
Keppel Corporation AGM 2019 Presentation Slides
 
2019 Preliminary Results - Banca IFIS
2019 Preliminary Results - Banca IFIS2019 Preliminary Results - Banca IFIS
2019 Preliminary Results - Banca IFIS
 
Snam 2020 - 1Q Results
Snam 2020 - 1Q Results Snam 2020 - 1Q Results
Snam 2020 - 1Q Results
 
Leonardo 1H 2023 Results
Leonardo 1H 2023 ResultsLeonardo 1H 2023 Results
Leonardo 1H 2023 Results
 
Presentation Material for 2Q / Mar. 2021
Presentation Material for 2Q / Mar. 2021Presentation Material for 2Q / Mar. 2021
Presentation Material for 2Q / Mar. 2021
 
Presentation slides for investor meetings in Hong Kong
Presentation slides for investor meetings in Hong KongPresentation slides for investor meetings in Hong Kong
Presentation slides for investor meetings in Hong Kong
 
2020 nine-month results
2020 nine-month results2020 nine-month results
2020 nine-month results
 
Tim Q2-2020-Financial Results
Tim Q2-2020-Financial ResultsTim Q2-2020-Financial Results
Tim Q2-2020-Financial Results
 
Analyst presentation Y2018
Analyst presentation Y2018Analyst presentation Y2018
Analyst presentation Y2018
 
Presentation Material for 2Q / Mar. 2020
Presentation Material for 2Q / Mar. 2020Presentation Material for 2Q / Mar. 2020
Presentation Material for 2Q / Mar. 2020
 
Keppel Corporation's 1Q 2022 Business Update Slides
Keppel Corporation's 1Q 2022 Business Update SlidesKeppel Corporation's 1Q 2022 Business Update Slides
Keppel Corporation's 1Q 2022 Business Update Slides
 

More from KeppelCorporation

Annual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesAnnual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesKeppelCorporation
 
Keppel-Ltd-2h23-fy23-presentation-slides
Keppel-Ltd-2h23-fy23-presentation-slidesKeppel-Ltd-2h23-fy23-presentation-slides
Keppel-Ltd-2h23-fy23-presentation-slidesKeppelCorporation
 
Presentation on proposed acquisition of leading European asset manager Aermon...
Presentation on proposed acquisition of leading European asset manager Aermon...Presentation on proposed acquisition of leading European asset manager Aermon...
Presentation on proposed acquisition of leading European asset manager Aermon...KeppelCorporation
 
Keppel 3Q & 9M 2023 Business Update Presentation Slides
Keppel 3Q & 9M 2023 Business Update Presentation SlidesKeppel 3Q & 9M 2023 Business Update Presentation Slides
Keppel 3Q & 9M 2023 Business Update Presentation SlidesKeppelCorporation
 
Keppel Corporation non-deal roadshow slides
Keppel Corporation non-deal roadshow slidesKeppel Corporation non-deal roadshow slides
Keppel Corporation non-deal roadshow slidesKeppelCorporation
 
SIAS-Keppel Briefing to Retail Shareholders 2023.pdf
SIAS-Keppel Briefing to Retail Shareholders 2023.pdfSIAS-Keppel Briefing to Retail Shareholders 2023.pdf
SIAS-Keppel Briefing to Retail Shareholders 2023.pdfKeppelCorporation
 
Keppel Corporation 1H 2023 Financial Results Presentation
Keppel Corporation 1H 2023 Financial Results PresentationKeppel Corporation 1H 2023 Financial Results Presentation
Keppel Corporation 1H 2023 Financial Results PresentationKeppelCorporation
 
Keppel Corporation - Briefing to media and analysts on accelerating transform...
Keppel Corporation - Briefing to media and analysts on accelerating transform...Keppel Corporation - Briefing to media and analysts on accelerating transform...
Keppel Corporation - Briefing to media and analysts on accelerating transform...KeppelCorporation
 
Keppel Corporation AGM 2023 Presentation Slides
Keppel Corporation AGM 2023 Presentation SlidesKeppel Corporation AGM 2023 Presentation Slides
Keppel Corporation AGM 2023 Presentation SlidesKeppelCorporation
 
Keppel Corporation 1Q23 Business Update
Keppel Corporation 1Q23 Business UpdateKeppel Corporation 1Q23 Business Update
Keppel Corporation 1Q23 Business UpdateKeppelCorporation
 
Keppel Corporation 3Q & 9M 2022 Business Update Presentation Slides
Keppel Corporation 3Q & 9M 2022 Business Update Presentation SlidesKeppel Corporation 3Q & 9M 2022 Business Update Presentation Slides
Keppel Corporation 3Q & 9M 2022 Business Update Presentation SlidesKeppelCorporation
 
Presentation at Citi-SGX-REITAS REITs Sponsors Forum
Presentation at Citi-SGX-REITAS REITs Sponsors ForumPresentation at Citi-SGX-REITAS REITs Sponsors Forum
Presentation at Citi-SGX-REITAS REITs Sponsors ForumKeppelCorporation
 
Keppel Corporation's 1H22 Financial Results
Keppel Corporation's 1H22 Financial ResultsKeppel Corporation's 1H22 Financial Results
Keppel Corporation's 1H22 Financial ResultsKeppelCorporation
 
Keppel Corporation's Presentation Slides for US Non-Deal Roadshow
Keppel Corporation's Presentation Slides for US Non-Deal Roadshow Keppel Corporation's Presentation Slides for US Non-Deal Roadshow
Keppel Corporation's Presentation Slides for US Non-Deal Roadshow KeppelCorporation
 
Keppel Capital's Presentation Slides for REITs Symposium in Singapore
Keppel Capital's Presentation Slides for REITs Symposium in SingaporeKeppel Capital's Presentation Slides for REITs Symposium in Singapore
Keppel Capital's Presentation Slides for REITs Symposium in SingaporeKeppelCorporation
 
Keppel Corporation signs definitive agreements in connection with proposed co...
Keppel Corporation signs definitive agreements in connection with proposed co...Keppel Corporation signs definitive agreements in connection with proposed co...
Keppel Corporation signs definitive agreements in connection with proposed co...KeppelCorporation
 
Keppel Corporation & Sembcorp Marine Sign Definitive Agreements For Proposed ...
Keppel Corporation & Sembcorp Marine Sign Definitive Agreements For Proposed ...Keppel Corporation & Sembcorp Marine Sign Definitive Agreements For Proposed ...
Keppel Corporation & Sembcorp Marine Sign Definitive Agreements For Proposed ...KeppelCorporation
 
Keppel Corporation - Annual General Meeting CEO's Presentation Slides
Keppel Corporation - Annual General Meeting CEO's Presentation SlidesKeppel Corporation - Annual General Meeting CEO's Presentation Slides
Keppel Corporation - Annual General Meeting CEO's Presentation SlidesKeppelCorporation
 
Pesentation Slides on Keppel Pegasus' Final Consideration for SPH ex-media
Pesentation Slides on Keppel Pegasus' Final Consideration for SPH ex-mediaPesentation Slides on Keppel Pegasus' Final Consideration for SPH ex-media
Pesentation Slides on Keppel Pegasus' Final Consideration for SPH ex-mediaKeppelCorporation
 
Keppel Capital Citi-SGX-REITAS REITs & Sponsors Forum
Keppel Capital Citi-SGX-REITAS REITs & Sponsors ForumKeppel Capital Citi-SGX-REITAS REITs & Sponsors Forum
Keppel Capital Citi-SGX-REITAS REITs & Sponsors ForumKeppelCorporation
 

More from KeppelCorporation (20)

Annual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesAnnual General Meeting Presentation Slides
Annual General Meeting Presentation Slides
 
Keppel-Ltd-2h23-fy23-presentation-slides
Keppel-Ltd-2h23-fy23-presentation-slidesKeppel-Ltd-2h23-fy23-presentation-slides
Keppel-Ltd-2h23-fy23-presentation-slides
 
Presentation on proposed acquisition of leading European asset manager Aermon...
Presentation on proposed acquisition of leading European asset manager Aermon...Presentation on proposed acquisition of leading European asset manager Aermon...
Presentation on proposed acquisition of leading European asset manager Aermon...
 
Keppel 3Q & 9M 2023 Business Update Presentation Slides
Keppel 3Q & 9M 2023 Business Update Presentation SlidesKeppel 3Q & 9M 2023 Business Update Presentation Slides
Keppel 3Q & 9M 2023 Business Update Presentation Slides
 
Keppel Corporation non-deal roadshow slides
Keppel Corporation non-deal roadshow slidesKeppel Corporation non-deal roadshow slides
Keppel Corporation non-deal roadshow slides
 
SIAS-Keppel Briefing to Retail Shareholders 2023.pdf
SIAS-Keppel Briefing to Retail Shareholders 2023.pdfSIAS-Keppel Briefing to Retail Shareholders 2023.pdf
SIAS-Keppel Briefing to Retail Shareholders 2023.pdf
 
Keppel Corporation 1H 2023 Financial Results Presentation
Keppel Corporation 1H 2023 Financial Results PresentationKeppel Corporation 1H 2023 Financial Results Presentation
Keppel Corporation 1H 2023 Financial Results Presentation
 
Keppel Corporation - Briefing to media and analysts on accelerating transform...
Keppel Corporation - Briefing to media and analysts on accelerating transform...Keppel Corporation - Briefing to media and analysts on accelerating transform...
Keppel Corporation - Briefing to media and analysts on accelerating transform...
 
Keppel Corporation AGM 2023 Presentation Slides
Keppel Corporation AGM 2023 Presentation SlidesKeppel Corporation AGM 2023 Presentation Slides
Keppel Corporation AGM 2023 Presentation Slides
 
Keppel Corporation 1Q23 Business Update
Keppel Corporation 1Q23 Business UpdateKeppel Corporation 1Q23 Business Update
Keppel Corporation 1Q23 Business Update
 
Keppel Corporation 3Q & 9M 2022 Business Update Presentation Slides
Keppel Corporation 3Q & 9M 2022 Business Update Presentation SlidesKeppel Corporation 3Q & 9M 2022 Business Update Presentation Slides
Keppel Corporation 3Q & 9M 2022 Business Update Presentation Slides
 
Presentation at Citi-SGX-REITAS REITs Sponsors Forum
Presentation at Citi-SGX-REITAS REITs Sponsors ForumPresentation at Citi-SGX-REITAS REITs Sponsors Forum
Presentation at Citi-SGX-REITAS REITs Sponsors Forum
 
Keppel Corporation's 1H22 Financial Results
Keppel Corporation's 1H22 Financial ResultsKeppel Corporation's 1H22 Financial Results
Keppel Corporation's 1H22 Financial Results
 
Keppel Corporation's Presentation Slides for US Non-Deal Roadshow
Keppel Corporation's Presentation Slides for US Non-Deal Roadshow Keppel Corporation's Presentation Slides for US Non-Deal Roadshow
Keppel Corporation's Presentation Slides for US Non-Deal Roadshow
 
Keppel Capital's Presentation Slides for REITs Symposium in Singapore
Keppel Capital's Presentation Slides for REITs Symposium in SingaporeKeppel Capital's Presentation Slides for REITs Symposium in Singapore
Keppel Capital's Presentation Slides for REITs Symposium in Singapore
 
Keppel Corporation signs definitive agreements in connection with proposed co...
Keppel Corporation signs definitive agreements in connection with proposed co...Keppel Corporation signs definitive agreements in connection with proposed co...
Keppel Corporation signs definitive agreements in connection with proposed co...
 
Keppel Corporation & Sembcorp Marine Sign Definitive Agreements For Proposed ...
Keppel Corporation & Sembcorp Marine Sign Definitive Agreements For Proposed ...Keppel Corporation & Sembcorp Marine Sign Definitive Agreements For Proposed ...
Keppel Corporation & Sembcorp Marine Sign Definitive Agreements For Proposed ...
 
Keppel Corporation - Annual General Meeting CEO's Presentation Slides
Keppel Corporation - Annual General Meeting CEO's Presentation SlidesKeppel Corporation - Annual General Meeting CEO's Presentation Slides
Keppel Corporation - Annual General Meeting CEO's Presentation Slides
 
Pesentation Slides on Keppel Pegasus' Final Consideration for SPH ex-media
Pesentation Slides on Keppel Pegasus' Final Consideration for SPH ex-mediaPesentation Slides on Keppel Pegasus' Final Consideration for SPH ex-media
Pesentation Slides on Keppel Pegasus' Final Consideration for SPH ex-media
 
Keppel Capital Citi-SGX-REITAS REITs & Sponsors Forum
Keppel Capital Citi-SGX-REITAS REITs & Sponsors ForumKeppel Capital Citi-SGX-REITAS REITs & Sponsors Forum
Keppel Capital Citi-SGX-REITAS REITs & Sponsors Forum
 

Recently uploaded

Corporate Presentation Probe April 2024.pdf
Corporate Presentation Probe April 2024.pdfCorporate Presentation Probe April 2024.pdf
Corporate Presentation Probe April 2024.pdfProbe Gold
 
Best investment platform in india - falcon invoice discounting
Best investment platform in india - falcon invoice discountingBest investment platform in india - falcon invoice discounting
Best investment platform in india - falcon invoice discountingFalcon Invoice Discounting
 
slideshare_2404_presentation materials_en.pdf
slideshare_2404_presentation materials_en.pdfslideshare_2404_presentation materials_en.pdf
slideshare_2404_presentation materials_en.pdfsansanir
 
Leveraging USDA Rural Development Grants for Community Growth and Sustainabil...
Leveraging USDA Rural Development Grants for Community Growth and Sustainabil...Leveraging USDA Rural Development Grants for Community Growth and Sustainabil...
Leveraging USDA Rural Development Grants for Community Growth and Sustainabil...USDAReapgrants.com
 
Corporate Presentation Probe April 2024.pdf
Corporate Presentation Probe April 2024.pdfCorporate Presentation Probe April 2024.pdf
Corporate Presentation Probe April 2024.pdfProbe Gold
 
the 25 most beautiful words for a loving and lasting relationship.pdf
the 25 most beautiful words for a loving and lasting relationship.pdfthe 25 most beautiful words for a loving and lasting relationship.pdf
the 25 most beautiful words for a loving and lasting relationship.pdfFrancenel Paul
 
9654467111 Low Rate Call Girls In Tughlakabad, Delhi NCR
9654467111 Low Rate Call Girls In Tughlakabad, Delhi NCR9654467111 Low Rate Call Girls In Tughlakabad, Delhi NCR
9654467111 Low Rate Call Girls In Tughlakabad, Delhi NCRSapana Sha
 
WheelTug PLC Pitch Deck | Investor Insights | April 2024
WheelTug PLC Pitch Deck | Investor Insights | April 2024WheelTug PLC Pitch Deck | Investor Insights | April 2024
WheelTug PLC Pitch Deck | Investor Insights | April 2024Hector Del Castillo, CPM, CPMM
 
Q1 Quarterly Update - April 16, 2024.pdf
Q1 Quarterly Update - April 16, 2024.pdfQ1 Quarterly Update - April 16, 2024.pdf
Q1 Quarterly Update - April 16, 2024.pdfProbe Gold
 
Collective Mining | Corporate Presentation - April 2024
Collective Mining | Corporate Presentation - April 2024Collective Mining | Corporate Presentation - April 2024
Collective Mining | Corporate Presentation - April 2024CollectiveMining1
 
9654467111 Call Girls In Katwaria Sarai Short 1500 Night 6000
9654467111 Call Girls In Katwaria Sarai Short 1500 Night 60009654467111 Call Girls In Katwaria Sarai Short 1500 Night 6000
9654467111 Call Girls In Katwaria Sarai Short 1500 Night 6000Sapana Sha
 

Recently uploaded (15)

young call girls in Hauz Khas,🔝 9953056974 🔝 escort Service
young call girls in Hauz Khas,🔝 9953056974 🔝 escort Serviceyoung call girls in Hauz Khas,🔝 9953056974 🔝 escort Service
young call girls in Hauz Khas,🔝 9953056974 🔝 escort Service
 
Corporate Presentation Probe April 2024.pdf
Corporate Presentation Probe April 2024.pdfCorporate Presentation Probe April 2024.pdf
Corporate Presentation Probe April 2024.pdf
 
Best investment platform in india - falcon invoice discounting
Best investment platform in india - falcon invoice discountingBest investment platform in india - falcon invoice discounting
Best investment platform in india - falcon invoice discounting
 
slideshare_2404_presentation materials_en.pdf
slideshare_2404_presentation materials_en.pdfslideshare_2404_presentation materials_en.pdf
slideshare_2404_presentation materials_en.pdf
 
Leveraging USDA Rural Development Grants for Community Growth and Sustainabil...
Leveraging USDA Rural Development Grants for Community Growth and Sustainabil...Leveraging USDA Rural Development Grants for Community Growth and Sustainabil...
Leveraging USDA Rural Development Grants for Community Growth and Sustainabil...
 
Call Girls in South Ex⎝⎝9953056974⎝⎝ Escort Delhi NCR
Call Girls in South Ex⎝⎝9953056974⎝⎝ Escort Delhi NCRCall Girls in South Ex⎝⎝9953056974⎝⎝ Escort Delhi NCR
Call Girls in South Ex⎝⎝9953056974⎝⎝ Escort Delhi NCR
 
Corporate Presentation Probe April 2024.pdf
Corporate Presentation Probe April 2024.pdfCorporate Presentation Probe April 2024.pdf
Corporate Presentation Probe April 2024.pdf
 
the 25 most beautiful words for a loving and lasting relationship.pdf
the 25 most beautiful words for a loving and lasting relationship.pdfthe 25 most beautiful words for a loving and lasting relationship.pdf
the 25 most beautiful words for a loving and lasting relationship.pdf
 
9654467111 Low Rate Call Girls In Tughlakabad, Delhi NCR
9654467111 Low Rate Call Girls In Tughlakabad, Delhi NCR9654467111 Low Rate Call Girls In Tughlakabad, Delhi NCR
9654467111 Low Rate Call Girls In Tughlakabad, Delhi NCR
 
WheelTug PLC Pitch Deck | Investor Insights | April 2024
WheelTug PLC Pitch Deck | Investor Insights | April 2024WheelTug PLC Pitch Deck | Investor Insights | April 2024
WheelTug PLC Pitch Deck | Investor Insights | April 2024
 
Q1 Quarterly Update - April 16, 2024.pdf
Q1 Quarterly Update - April 16, 2024.pdfQ1 Quarterly Update - April 16, 2024.pdf
Q1 Quarterly Update - April 16, 2024.pdf
 
young call girls in Govindpuri 🔝 9953056974 🔝 Delhi escort Service
young call girls in Govindpuri 🔝 9953056974 🔝 Delhi escort Serviceyoung call girls in Govindpuri 🔝 9953056974 🔝 Delhi escort Service
young call girls in Govindpuri 🔝 9953056974 🔝 Delhi escort Service
 
Collective Mining | Corporate Presentation - April 2024
Collective Mining | Corporate Presentation - April 2024Collective Mining | Corporate Presentation - April 2024
Collective Mining | Corporate Presentation - April 2024
 
9654467111 Call Girls In Katwaria Sarai Short 1500 Night 6000
9654467111 Call Girls In Katwaria Sarai Short 1500 Night 60009654467111 Call Girls In Katwaria Sarai Short 1500 Night 6000
9654467111 Call Girls In Katwaria Sarai Short 1500 Night 6000
 
young Call girls in Dwarka sector 1🔝 9953056974 🔝 Delhi escort Service
young Call girls in Dwarka sector 1🔝 9953056974 🔝 Delhi escort Serviceyoung Call girls in Dwarka sector 1🔝 9953056974 🔝 Delhi escort Service
young Call girls in Dwarka sector 1🔝 9953056974 🔝 Delhi escort Service
 

Keppel Corp 1Q2020 Presentation Slides

  • 2. 2 • Address by CEO • Group Financial Highlights by CFO Scope of Briefing
  • 4. 4 COVID-19 • Plunge in global economic activity caused by COVID-19 • Keppel is not directly involved in sectors most severely impacted by COVID-19, but has inevitably also been affected by the pandemic • Many of our businesses in essential services and continue to operate • Responded quickly with precautionary measures - Health and well-being of employees and stakeholders are our top priority • Providing support to help vulnerable communities
  • 5. 6 3 132 35 16 174 49 (52) 1Q 2019 1Q 2020 Offshore & Marine Property Infrastructure Investments 5 Financial Performance S$160m 1Q 2020 net profit down 21% from $203m for 1Q 2019 S$1,857m 1Q 2020 revenue up 21% from S$1,531m for 1Q 2019 Net profit 160 • Annualised ROE was 5.7% • Free cash inflow of S$37m in 1Q 2020 vs outflow of S$534m in 1Q 2019 • Net gearing was 0.88x as at end-Mar 2020 vs 0.85x as at end-Dec 2019 • Continue to have strong balance sheet and necessary credit lines Key highlights S$m 0 203
  • 6. 6 Offshore & Marine (9) 20 5 7 10 (24) 1Q 2019 1Q 2020 New Builds Conversions & Repairs Associates 6 3 i i Includes contributions from Floatel, Blue Tern, Dyna- Mac, etc, and impairment on associates S$m 0 • 1Q 2020 net profit of S$3m • Operating profit of S$28m was higher yoy • O&M sector expected to remain challenging following the sharp fall in oil price • Yards in Singapore and overseas operating at reduced capacity due to COVID-19; Philippine yards locked down • Delays in projects due to workforce and supply chain disruptions • Served force majeure notices to customers Net profit
  • 7. 7 Offshore & Marine • Net orderbook stood at S$4.0b as at end-Mar 2020 • Continued to execute projects well - Delivered 2 newbuild projects and an FPSO modification and upgrade project in 1Q 2020 • Continue to seek new opportunities, especially in gas and renewables • Partnering EMAii to develop energy solutions in distributed energy resources, digitalisation and emerging low carbon alternatives 1.0 0.9 0.2 0.1 0.1 0.1 2.4 2.2 0.7 0.7 End-2019 End-Mar 2020 Oil rigs FPSOs Specialised vessels Gas solutions Renewables i Excludes semis for Sete S$b 0 4.0 4.4 Net orderbooki ii Energy Market Authority
  • 8. 8 Property 90 37 32 (11) 10 9 1Q 2019 1Q 2020 Property trading Property investment REIT S$m 0 132 35 • 1Q 2020 net profit of S$35m • Lower yoy mainly due to absence of divestment gains and a tax writeback in 1Q 2019 • Slowdown in construction and sales during COVID-19 • COVID-19 impact varies across key markets • Chinese market showing signs of recovery • Other markets in varying degrees of lockdown except for essential services • Rendering support where possible to tenants of commercial developments affected by COVID-19 Net profit
  • 9. 9 Property 230 330 30 10 50 50 20 30 60 30 1Q 2019 1Q 2020 China Vietnam Singapore Indonesia India 450 390 Units 0 • Home sales • Sold 450 units in 1Q 2020, up 15% yoy, with total sales value of ~S$320m • Sale of 8,830 overseas units worth ~S$4.1b recognisable from 2Q 2020-2023 • Expanding presence in China with new residential site in Taicang, Jiangsu • Residential landbank of ~45,000 units • Commercial portfolio comprises 1.6 million sm of GFA • ~50% of GFA under development will progressively contribute to recurring income on completion Home sales
  • 10. 10 Infrastructure 19 168 4 4 (7) 2 1Q 2019 1Q 2020 Keppel Infrastructure Data Centres Logistics & Others S$m 0 16 174 • 1Q 2020 net profit of S$174m • Gain of S$131m arising from reclassification of Keppel Infrastructure Trust as an investment • Keppel Infrastructure doubled its core earnings • Reinforcing global position as waste management solutions provider • Keppel-led consortium awarded S$1.5b contract for Phase 1 of Singapore’s Tuas Nexus Integrated Waste Management Facility • Secured contracts to provide WTE solutions in India • Growing demand for connectivity solutions • More enquiries on new data centre capacity amid COVID-19 • Keppel Data Centres partnering Toll Group and Royal Vopak to explore Floating Data Centre Park and LNG-to-power solutions in Singapore Net profit
  • 11. 23 16 9 22 (40) (7) (6) 83 (66) (19) (18) 1Q 2019 1Q 2020 Keppel Capital M1 KrisEnergy SSTEC Others Impairment of an associated company S$m 0 i i 11 Investments ii 49 (52) • 1Q 2020 net loss of S$52m • Lower yoy mainly due to absence of re-measurement gains of previously held interest in M1 • Asset management • Recurring fee income remained resilient despite COVID-19 • 1Q net earnings lower mainly due to mark-to-market loss of S$26m on holdings in a listed REIT • Keppel Asia Infrastructure Fund to raise aggregate capital commitments of US$570m; acquired 30% stake in Gimi • Keppel-Pierfront Private Credit Fund achieved first close of US$200m • Formed joint venture with Australian Unity i Share of associated companies’ results ii Prior to March 2019, M1 relates to the share of associated companies’ results Net profit/loss
  • 12. 12 Investments • M1 • Resilient demand for mobile services amid COVID-19 • Added 20,000 postpaid customers in 1Q 2020 • But lower revenue from roaming and prepaid services, and slower handset and equipment sales due to COVID-19 • New opportunities from accelerated digital transformation of organisations • Submitted a joint bid with Starhub for a 5G licence • SSTEC • Continued to drive development of Tianjin Eco-City with sale of 1 land plot for RMB1.17b in April 2020
  • 13. 13 Vision 2030 • Capital allocation driven by: ROE target, scalability, integration & synergy, and alignment with Vision, Mission & ESG goals • Selective divestments to free up balance sheet • One integrated business, collaborating to provide solutions for sustainable urbanisation • Tap 3rd party funds for growth & eco-system of REITs and business trusts to recycle capital • Streamline and focus business on four key areas: Energy & Environment Urban Development Connectivity Asset Management
  • 15. 15 Net Profit Key highlights 1Q 2020 Financial Performance ↑ 21% from net profit of S$203m to S$160m S$m 1Q 2020 1Q 2019 % Change Revenue 1,857 1,531 21 EBITDA 374 389 (4) Operating Profit 273 322 (15) Profit Before Tax 247 283 (13) Net Profit 160 203 (21) EPS (cents) 8.8 11.2 (21) EPS 21% from 11.2cts to 8.8cts ↑
  • 16. 16 1Q 2020 Revenue by Segment S$m 1Q 2020 % 1Q 2019 % % Change Offshore & Marine 569 31 332 22 71 Property 302 16 357 23 (15) Infrastructure 697 37 699 46 - Investments 289 16 143 9 102 Total 1,857 100 1,531 100 21
  • 17. 17 1Q 2020 Pre-tax Profit by Segment S$m 1Q 2020 % 1Q 2019 % % Change Offshore & Marine 4 1 1 - 300 Property 93 38 181 64 (49) Infrastructure 182 74 20 7 >500 Investments (32) (13) 81 29 n.m.f. Total 247 100 283 100 (13) n.m.f. denotes No Meaningful Figure
  • 18. 18 1Q 2020 Net Profit by Segment S$m 1Q 2020 % 1Q 2019 % % Change Offshore & Marine 3 2 6 3 (50) Property 35 22 132 65 (73) Infrastructure 174 109 16 8 >500 Investments (52) (33) 49 24 n.m.f. Total 160 100 203 100 (21) n.m.f. denotes No Meaningful Figure
  • 19. 19 Net Profit & EPS 360 211 252 337 203 160 397 205 171 249 153 363 225 265 227 159 405 143 127 135 192 Net profit (S$m) 1Q 2Q 3Q 4Q 19.8 11.6 13.9 18.6 11.2 8.8 21.9 11.3 9.4 13.7 8.4 20.0 12.4 14.6 12.5 8.8 22.3 7.9 6.9 7.5 10.5 EPS (Cents) 1Q 2Q 3Q 4Q 38.9 8.8 1,525 84.0 784 43.2815 44.8 948 52.3 i Excludes one-off financial penalty from global resolution & related costs i i 707 160
  • 20. 20 Free Cash Flow S$m 1Q 2020 1Q 2019 Operating profit 273 322 Depreciation & other non-cash items (12) (148) 261 174 Working capital changes (60) (676) Interest & tax paid (65) (89) Net cash from/(used in) operating activities 136 (591) Investments & capex (85) (26) Divestments & dividend income 50 46 Advances to/from associated companies (64) 37 Net cash (used in)/ from investing activities (99) 57 Cash inflow/(outflow) 37 (534) Free cash flow excludes expansionary acquisitions and capex, and major divestments.
  • 23. • 40% of total revenue came from overseas customers Revenue by Geography 1Q 2020 Total (S$m) Overseas Customers (%) Singapore Customers (%) Offshore & Marine 569 73 27 Property 302 75 25 Infrastructure 697 14 86 Investments 289 - 100 Total 1,857 23
  • 24. 24 EBITDA by Segment S$m 1Q 2020 % 1Q 2019 % % Change Offshore & Marine 58 16 31 8 87 Property 98 26 181 46 (46) Infrastructure 180 48 26 7 >500 Investments 38 10 151 39 (75) Total 374 100 389 100 (4)
  • 25. 25 Capital/Gearing/ROE S$m 31 Mar 2020 31 Dec 2019 Shareholders’ Funds 11,185 11,211 Total Equity 11,623 11,646 Net Debt 10,225 9,874 Net Gearing Ratio 0.88x 0.85x ROE 5.7% 6.3% i Net debt and net gearing ratio included lease liabilities i i
  • 26. Net Profit by Business Unit S$m 1Q 2020 1Q 2019 % Change Keppel Offshore & Marine 3 6 (50) Keppel Land i 39 129 (70) Keppel Infrastructure 168 19 >500 Keppel Telecommunications & Transportation ii 3 1 200 Keppel Capital 16 23 (30) M1 iii 22 9 144 Share of SSTEC’s results (6) (7) 14 KCL, Others & Elimination i, ii (85) 23 n.m.f. Total 160 203 (21) 26 i Included in Keppel Land is its effective share of SSTEC’s results, which is eliminated under “KCL, Others & Elimination” ii Based on Keppel Corporation’s effective shareholdings. Included in Keppel T&T is its effective share of M1’s results, which is eliminated under “KCL, Others & Elimination” iii Included in M1 is Keppel T&T’s share of results prior to the Group obtaining majority control of M1, as well as contribution from the consolidation of M1 subsequent to the Group obtaining majority control n.m.f. denotes No Meaningful Figure
  • 28. S$m 1Q 2020 1Q 2019 % Change Revenue 569 332 71 EBITDA 58 31 87 Operating Profit 28 3 >500 Profit Before Tax 4 1 300 Net Profit 3 6 (50) 28 Financial Highlights – Offshore & Marine
  • 29. 29 Operational Review • Secured S$34m of new orders in 1Q 2020: • Fabrication of leg component for an offshore wind turbine installation vessel • Project deliveries in 1Q 2020: • 1 jackup rig, 1 dual-fuel bunker tanker and an FPSO modification and upgrade project
  • 30. 30 Orderbook S$m Contract Value Gross Net Client For delivery in 2020 8 JUs/3 FPSO Modules Fabrication & Integration*/1 Semi*/1 Production Barge/2 LNG Carrier/2 LNG Bunkering Vessels/2 LNG Containerships /1 Dredger/1 FLNG Turret/1 Liftboat 4,040 635 Borr Drilling/Clearwater/Fecon/Petrobras/Modec/ *Name Withheld/KrisEnergy/Stolt-Nielsen/Shturman Koshelev/FueLNG/Pasha Hawaii/Jan De Nul/SOFEC/ Crystal Height For delivery in 2021 1 Semi/1 JU/1 FPSO Topside Integration*/2 Trailing Suction Hopper Dredgers/2 offshore wind farm substations 1,689 512 Awilco/TS Offshore/*Name Withheld/Ørsted/Van Oord For delivery in 2022 2 JUs/1 Semi/2 FLNG Conversions/1 Dredger/Gas Scrubber and BWTs Retrofit*/Fabrication of leg component for an offshore wind turbine installation vessel* 3,764 2,353 Borr Drilling/Awilco/Golar/Van Oord/*Name withheld For delivery in 2023 onwards 1 offshore HVDC converter station and an onshore converter station 536 478 TenneT Offshore GmbH Total i 10,029 3,978 i Excludes semis for Sete Brasil As at end-Mar 2020
  • 32. 32 Financial Highlights - Property S$m 1Q 2020 1Q 2019 % Change Revenue 302 357 (15) EBITDA 98 181 (46) Operating Profit 89 172 (48) Profit Before Tax 93 181 (49) Net Profit 35 132 (73)
  • 33. Key Projects Location Units Sold in 1Q 2020 Sales Value in 1Q 2020 Latest Avg. Selling Price China (RMB’m) (RMB’psm) City Park Chengdu 93 278 ~22,100 Waterfront Residences Wuxi 43 168 ~23,800 Seasons Residences 35 100 ~22,200 China Chic Nanjing 150 592 ~29,900 Total 321 1,138 Vietnam (US$’m) (US$’psm) Narra Residences HCMC 16 16 ~6,300 Indonesia (US$’m) (US$’psm) West Vista at Puri Jakarta 26 2 ~1,500 India (US$’m) (US$’psm) Provident Park Square Bangalore 28 2 870 Sales Achieved - Overseas 33
  • 34. Stake Tenure Total GFA (sf) Total Units Units Launched Units Sold Remaining Units Remaining Area For Sales (sf) Launched Projects The Garden Residences 60% 99-yr 462,561 613 320 276 337 296,804 Corals at Keppel Bay 100% 99-yr 509,998 366 366 316 50 118,069 Reflections at Keppel Bay 100% 99-yr 2,081,738 1,129 1,129 1,070 59* 178,508 Upcoming Projects 19 Nassim 100% 99-yr 99,629 101 - - 101 95,674 Keppel Bay Plot 4 39% 99-yr 344,448 424 - - 424 327,223 Keppel Bay Plot 6 100% 99-yr 226,044 86 - - 86 207,959 Total 3,724,418 2,719 1,815 1,662 1,057 1,224,237 * Includes 13 units committed to buyers under deferred payment schemes As of end-Mar 2020 Residential Landbank - Singapore 34
  • 35. Location Stake Total GFA (sm) Total Units Units Launched Units Sold Remaining Units For Sale Remaining Area For Sale (sm) 8 Park Avenue Shanghai 99% 131,957 918 918 908 10 3,043 Seasons Residences 100% 119,262 1,101 1,062 1,060 41 4,906 Sheshan Riviera 99.4% 90,109 217 53 31 186 56,598 Hill Crest Villas Chengdu 100% 163,147 274 - - 274 149,908 Serenity Villas 100% 289,994 867 84 76 791 249,938 City Park 30% 99,501 772 772 766 6 1,600 Pidu Devt 100% 66,930 561 - - 561 66,630 Waterfront Residences Wuxi 100% 307,200 1,403 1,094 1,048 355 64,606 Park Avenue Heights 100% 171,000 1,281 676 676 605 69,561 Seasons Residences 100% 392,520 2,904 764 376 2,528 300,657 Serenity Villas Tianjin 100% 81,391 340 340 259 81 29,036 Mixed-use Devt 100% 1,993,919 11,299 - - 11,299 1,539,304 Tianjin Eco-City 100% 625,190 4,152 4,152 4,112 40 4,874 Waterfront Residences 100% 63,235 341 341 340 1 349 Waterfront Residences II 100% 87,760 572 180 12 560 84,205 Stamford City Jiangyin 99.4% 309,992 1,470 1,125 1,120 350 66,096 China Chic Nanjing 40% 193,133 1,589 1,589 1,430 159 18,515 Xuanwu 3.8-ha Mixed-use Devt 25% 111,114 523 - - 523 90,959 Hill Crest Residences Kunming 68.8% 42,928 263 166 132 131 18,456 Total 5,340,282 30,847 13,316 12,346 18,501 2,819,241 As of end-Mar 2020 Residential Landbank - China 35
  • 36. Location Stake Total GFA (sm) Total Units Units Launched Units Sold Remaining Units For Sale Remaining Area For Sale (sm) Vietnam Saigon Sports City HCMC 100% 780,878 4,261 - - 4,261 453,768 Palm City 42% 492,471 3,043 1,587 1,579 1,464 145,686 Empire City 40% 661,372 2,777 1,396 1,341 1,436 159,501 Riviera Point 75% 430,163 2,421 1,889 1,797 624 70,579 Celesta 60% 258,919 2,342 - - 2,342 209,874 Dong Nai Waterfront City Dong Nai 30% 1,125,236 6,536 - - 6,536 838,893 Sub-Total 3,749,039 21,380 4,872 4,717 16,663 1,878,301 Indonesia West Vista at Puri Jakarta 100% 153,464 2,855 541 453 2,402 99,573 Daan Mogot 100% 275,266 4,523 - - 4,523 226,800 The Riviera at Puri 50% 72,864 487 487 461 26 7,943 BCA site 100% 61,458 451 - - 451 49,167 Wisteria 50% 68,099 557 180 180 377 42,401 Sub-Total 631,151 8,873 1,208 1,094 7,779 425,884 India Provident Park Square Bangalore 51% 167,517 2,082 1,429 1,058 1,024 86,051 Total 4,547,707 32,335 7,509 6,869 25,466 2,390,236 As of end-Mar 2020 Residential Landbank - Other Overseas 36
  • 37. Project Location Units Ready to Launch 2020 2021 2022 8 Park Avenue Shanghai 10 - - Seasons Residences 41 - - Sheshan Riviera 34 47 - Hill Crest Villas Chengdu - 42 36 Serenity Villas 42 134 111 City Park 6 - - Waterfront Residences Wuxi 298 47 10 Park Avenue Heights 332 273 - Seasons Residences 735 928 865 Serenity Villas Tianjin 6 22 25 Tianjin Eco-City 40 - - Waterfront Residences 1 - - Waterfront Residences II 123 179 112 China Chic Nanjing 62 97 - Xuanwu 3.8-ha Mixed-use Devt 213 310 - Hill Crest Residences Kunming - 58 73 Total 1,943 2,137 1,232 Residential Launch Readiness – China 37
  • 38. Project Location Units Ready to Launch 2020 2021 2022 Indonesia West Vista at Puri Jakarta 180 400 371 The Riviera at Puri 19 7 - BCA site 300 151 - Wisteria 201 176 - Vietnam Saigon Sports City HCMC Velona 714 360 117 Natura - 768 384 Saigon Sports City (Subsequent phases) - - 444 Riviera Point^ The View 20 - - The Infiniti 72 - - Riviera Point Ph 1D - 231 - Palm City Palm Garden 8 - - Palm Spring 341 146 - Empire City Cove Residences 2 - - Narra Residences 53 - - Empire City (Subsequent phases) - 678 438 Celesta^ 692 869 657 Dong Nai Waterfront City Dong Nai - 267 683 India Provident Park Square Bangalore 480 544 - Total 3,082 4,597 3,094 Residential Launch Readiness – Other Overseas ^ Riviera Point and Celesta are in District 7 and Nha Be District, respectively. The other projects in HCMC are in District 2. 38
  • 39. Projects/Phases launched Location Total Units Units Launched as at end-Mar 2020 Units Sold as at end-Mar 2020 Units Remaining as at end-Mar 2020 Expected Completion China Seasons Residences (Ph 3B) Tianjin 346 346 306 40 1H2021 Seasons Garden (Plot 8) 354 354 354 - 2H2020 Seasons Heights 372 372 372 - 1H2020 Waterfront Residences II 572 180 12 560 2H2021 Waterfront Residences (Ph 5) Wuxi 180 180 174 6 2H2020 Waterfront Residences (Ph 6) 468 215 180 288 1H2021 Seasons Residences (Ph 1) 180 180 76 104 2H2020 Seasons Residences (Ph 2) 584 584 300 284 1H2021 City Park Chengdu 772 772 766 6 1H2021 China Chic (Ph 1 & 2) Nanjing 885 885 873 12 2H2021 China Chic (Ph 3) 704 704 557 147 2H2022 Vietnam Linden Residences HCMC 510 510 510 - 2H2020 Tilia Residences 472 472 472 - 1H2021 Cove Residences 136 136 134 2 2H2021 Narra Residences 278 278 225 53 1H2023 The Infiniti 822 822 750 72 1H2022 Palm Garden 636 636 628 8 2H2022 Indonesia The Riviera at Puri (Ph 2) Jakarta 176 176 172 4 2H2020 The Riviera at Puri (Ph 3) 141 141 119 22 2H2021 Wisteria (Ph 1) 180 180 180 - 2H2021 India Provident Park Square Bangalore 2,082 1,429 1,058 1,024 2H2021 Total 10,850 9,552 8,218 2,632 Expected Completion for Launched Projects 39
  • 40. Projects/Phases to be launched Location No. of Units Expected to be Completed 2020 2021 2022 China Sheshan Riviera Shanghai - 105 - Serenity Villas Chengdu 144 - 138 Hill Crest Villas - - 45 Waterfront Residences Wuxi - 56 - Park Avenue Heights - 232 373 Seasons Residences - 1,062 1,078 Xuanwu 3.8-ha Mixed-use Devt Nanjing - - 71 Hill Crest Residences Kunming - - 97 Total 144 1,455 1,802 Vietnam Celesta HCMC - - 923 Total - - 923 Indonesia Wisteria Jakarta - - 201 Total - - 201 Expected Completion for Upcoming Projects 40
  • 41. Projects under Development Location Stake GFA (sm) Development Cost^ Completion China Park Avenue Central Shanghai 99% 115,950 RMB3.8b 2023 Seasons City Tianjin 100% 162,000 RMB2.6b 2020 (Ph 1) Indonesia IFC Jakarta Tower 1 Jakarta 100% 92,500 S$270m 2025 Vietnam Empire City HCMC 40% 86,400 (Office) US$704m 2026 106,000 (Retail) 35,000 (Hotel) 25,000 (Serviced Apt) Myanmar Junction City Ph 2 Yangon 40% 50,000 US$48.6m* 2023 India KPDL Grade-A Office Tower Bangalore 51% 95,000 S$130m 2024 ^ Excluding land cost * Investment cost for 40% stake Commercial Projects - Under Development 41
  • 42. Key Completed Projects Location Stake GFA (sm) Net Lettable Area (sm) Completion Singapore Keppel Bay Tower Singapore 100% 41,900 36,000 2002 Keppel Towers and Keppel Towers 2 100% 58,600 45,400 1991/1993 I12 Katong 100% 26,200 19,600 2011* China Trinity Tower Shanghai 30% 70,000 48,600 2015 North Bund Plaza (formerly Yi Fang Tower) 30% 74,400 64,000 2018 K Plaza 99.4% 40,900 27,000 2016** The Kube (formerly Zhangjiang Micro- electronic Port Block #3) 100% 14,520 10,890 2004 Linglong Tiandi Tower D Beijing 100% 11,630 10,640 2012 Shangdi Neo 100% 4,240 4,240 2003 Westmin Plaza Guangzhou 30% 42,530 34,990 2008 Vietnam Saigon Centre Ph 1 HCMC 61.3% 17,200 (Office) 11,680 (Office) 1996 Saigon Centre Ph 2 61.3% 55,000 (Retail) 37,600 (Retail) 2016 (Retail) 44,000 (Office) 34,000 (Office) 2017 (Office) Estella Place 98% 37,000 (Retail) 25,480 (Retail) 2018 Indonesia IFC Jakarta Tower 2 Jakarta 100% 61,300 50,200 2016 Myanmar Junction City Tower Yangon 40% 53,100 33,400 2017 Philippines SM-KL Project Manila 27.4% 70,800 (Retail) 50,840 (Retail) 2017 (Retail) 110,100 (Office) 89,300 (Office) 2019 (Office) UK 75 King William Street London 100% 11,900 11,700 1989** * I12 Katong is closed for AEI with effect from 1 March 2020. ** Renovation completed in 2018. As of end-Mar 2020 Commercial Projects - Completed 42
  • 44. 44 Financial Highlights - Infrastructure S$m 1Q 2020 1Q 2019 % Change Revenue 697 699 - EBITDA 180 26 >500 Operating Profit 166 12 >500 Profit Before Tax 182 20 >500 Net Profit 174 16 >500
  • 46. 46 Financial Highlights - Investments S$m 1Q 2020 1Q 2019 % Change Revenue 289 143 102 EBITDA 38 151 (75) Operating (Loss)/Profit (10) 135 n.m.f. (Loss)/Profit Before Tax (32) 81 n.m.f. Net (Loss)/Profit (52) 49 n.m.f. n.m.f. denotes No Meaningful Figure
  • 47. Plot Date Sales Value (RMB’m) Land Area (Hectare) Plot Ratio GFA (sm) Selling Price Based on Land Area (RMB’m/hectare) Based on GFA (RMB/sm) Plot 36 Apr 2020 1,174 10.86 1.6 167,400 108 7,013 Plot 30c Sep 2019 438 2.77 3.1 84,500 158 5,200 Plot 34 Aug 2019 1,017 9.21 1.6 141,800 110 7,200 Plot 20b Dec 2018 1,070 10.97 0.8 87,800 98 12,200 Plot 31 Sep 2018 1,460 8.77 2.5 219,100 166 6,700 Plot 26 Aug 2018 835 7.94 1.1 79,500 105 10,500 Plot 57b Jan 2017 1,317 8.73 1.1 96,000 151 13,700 Plot 57c (1) 1,761 11.63 127,900 151 13,800 Plot 57c (2) 1,906 12.47 137,100 153 13,900 Plot 32 Jul 2016 380 3.71 1.3 46,000 102 8,300 Plot 41 1,222 8.52 1.8 153,400 143 8,000 Plot 25 Jan 2016 257 9.61 1.1 99,900 27 2,600 Source: Tianjin Municipal Bureau of Land Resources and Housing Administration http://gtzyfwgl.tj.gov.cn/ Residential Land Sales at Tianjin Eco-City 47
  • 48. 1,413 1,554 573 494 213 224 1Q 2019 1Q 2020 Fibre Prepaid Postpaid 137 132 42 42 8 8 103 78 1Q 2019 1Q 2020 Handset/Equipment sales International call services Fixed services Mobile services 48 M1 Operational Highlights 290 260 S$m 0 ‘000 0 2,272 2,199 Revenue Customers
  • 49. 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 regulatory changes. The forward-looking statements reflect the current views of Management on future trends and developments. 49