SlideShare a Scribd company logo
1 of 16
Download to read offline
3Q & 9M 2022
Business Update
27 October 2022
2
Driving execution of Vision 2030
• Continued expansion in Vision 2030
growth areas such as renewables, clean
energy and sustainable urban renewal
• Focused on improving quality of
earnings with higher recurring income
• Announced ~S$4.4b of asset
monetisation since Oct 2020, including
~S$1.4b announced YTD; on track to
exceed S$5b target by end-2023
Signed revised agreements on
proposed O&M transactions
• Agreements with Sembcorp Marine
simplify implementation, provide greater
deal certainty and accelerate completion of
proposed combination of Keppel O&M and
Sembcorp Marine
• Agreements with Asset Co investorsi
improve terms of transaction; Asset Co
transaction delinked from proposed
combination and will proceed regardless of
the outcome of the proposed combination
i The Asset Co investors refer to Baluran Limited, an indirect wholly-owned subsidiary of ASM Connaught House Fund V, and Kyanite
Investment Holdings Pte Ltd, an indirect wholly-owned subsidiary of Temasek.
3,259
4,981
1,235
769
903
947
113
139
9M21 9M22
Energy & Environment Urban Development
Connectivity Asset Management
5,510
6,836
S$m
0
3
Resilient amidst challenging macro environment
• 9M22 net profit improved yoy, with stronger performance from
Energy & Environment and Asset Management segments
• 9M22 revenuei was S$6.8b, up 24% from S$5.5b for 9M21
• Net profit for 3Q22 was lower yoy as 3Q21 net profit benefitted
from enbloc sale of a project in China
• Net gearing of 0.79x as at end-Sep 2022, vs 0.68x as at end-Jun
2022, due mainly to payment of interim dividend and Share
Buyback Programme
• Continue to strengthen business resilience amidst inflation and
rising interest rates
• As at end-Sep 2022, ~70% of our borrowings were on fixed
rates, with average interest cost of 2.88% and weighted
tenor of ~3 years
Revenue by segmenti
i Revenue includes contributions from Discontinued Operations. Excluding Discontinued Operations, revenue from Continuing
Operations in 9M22 was S$5,016m, up 15% from S$4,348m for 9M21
S$167m
S$186m
9M21 9M22
11%
4
Asia’s leading asset management platform
• Keppel Capital’s operating
performance improved with
9M22 revenue growing
15% yoy
• Overall performance was
lower yoy due to unrealised
mark-to-market loss from
investments
• Completed S$4.0b of
acquisitions and
divestments YTD
i Includes 100% fees from subsidiary managers, joint ventures and associated entities, as well as share of fees based on shareholding stake
in associate with which Keppel has strategic alliance.
Asset management
feesi grew 11% yoy
to S$186m in 9M22
Keppel Capital is on track to
achieve S$50b AUM by end-2022
Harnessing Keppel’s strong engineering, project execution and operating capabilities
Working towards launching new flagship funds:
Keppel Core Infrastructure Fund and Keppel
Sustainable Urban Renewal Fund
5
Seizing growth opportunities as OneKeppel in the energy &
environment business
i On a gross basis and includes projects under development
ii Includes operating and ready-to-build renewables capacity of associate company, MET Group, in Europe
Note: KIT refers to Keppel Infrastructure Trust; KAIF refers to Keppel Asia Infrastructure Fund LP; LTMS-PIP stands for Lao PDR-Thailand-
Malaysia-Singapore Power Integration Project
~2.6GW
Renewable
energy portfolioi
 Expanding sources of stable
recurring income
 Strong deal flow pipeline in
well-established markets,
with best-in-class operators
 Tapping 3rd party funds
for growth
~S$2.4b
Joint investments
with Keppel-managed
funds/business trust
announced YTD
Keppel Corporation and KIT
acquiring interests in European
onshore and offshore wind energy
assets for S$679m
Keppel Infrastructure, KIT and
KAIF acquired leading South
Korean waste management
services platform for S$666m
Keppel Infrastructure and KAIF
developing Singapore’s first
hydrogen-ready power plant with a
total investment of S$750m
Keppel Infrastructure and KAIF
acquired interests in 800 Super, a
Singapore environmental services
company, for S$304m
LTMS-PIP
FORAS onshore wind energy assets
German offshore wind farm
Keppel Infrastructure,
Europeii
600MW
500MW
465MW
100MW
657MW
258MW
Cleantech Renewable Assets
Australian solar farm
6
Keppel Infrastructure performed strongly in 9M22, scaling
up in renewables, clean energy & decarbonisation solutions
• 9M22 revenue was
S$3.2b, up 51% yoy
driven by higher
electricity and gas
sales, and revenue
recognition from
Hong Kong IWMF
• 9M22 net profit
improved strongly yoy
Keppel Infrastructure @ Changi,
Singapore's first positive energy building
under BCA’s new Green Mark scheme
Note: CCUS stands for carbon capture,
utilisation, and sequestration; IWMF stands
for integrated waste management facility
Doubling down on large-scale
decarbonisation opportunities
• Formed consortium with industry
players to explore CCUS solutions
in Singapore
• Collaborating with Indian renewables
major to develop 1.3GW carbon-free
energy for green hydrogen/ammonia
supply chain
• Signed exclusive agreements to
import low-carbon electricity from
Cambodia and Laos into Singapore
7
Keppel O&M continues to expand orderbook and build on
strong execution track record
De-risking legacy rig assets
• All KFELS B Class jackups have
been contracted
• Delivering 3 of 5 rigs to Borr
Drilling from Oct 2022 to Jul
2023 with full payments of at
least US$352m
• Secured 4 bareboat charter
contracts YTD totalling S$255m
• Receiving active enquiries for
remaining rigs
S$5.1b
S$11.6b
End-2021 End-Sep 2022
127%
Highest net orderbookii
since 2007
i Op Co comprises Keppel O&M excluding the legacy
completed and uncompleted rigs and associated
receivables and its interests in Floatel and Dyna-Mac
ii Excludes semis for Sete Brasil
• 9M22 revenue was
S$1.8b, up 56% from
9M21 with higher
levels of activity
• Keppel O&M was
EBITDA positive in
9M22
• Op Coi was profitable
in 9M22
S$7.9b of order wins in 9M22
Including 2 Petrobras FPSOs
which are cashflow positive
and earnings accretive
8
Asset-light urban solutions provider
• Keppel Land’s 9M22 net
profit was lower yoy due
mainly to lower
contributions from China
trading projects and
absence of enbloc sales
• Home sales slower,
especially in China but
property easing measures
are being rolled out by
Chinese authorities to
stabilise residential market
Accelerating transformation
• Announced divestment of
Sheshan Riviera in Shanghai
for S$196m
• Ongoing efforts to
substantially monetise China
and Vietnam landbank
• Pivoting towards real estate-
as-a-service with focus on
growing recurring income
• Seizing opportunities in
sustainable urban renewal and
senior living solutions
Keppel Bay Tower, the first
commercial building in Singapore to
be certified as BCA’s Green Mark
Platinum Zero Energy building
9
Scaling up sustainable data centre solutions
Group’s portfolio comprises
32 data centre developments
across Asia Pacific and Europe
Including 3 China data centre
projects whose acquisitions were
completed in 3Q22
Genting Lane data centre, Singapore
Combined value
S$4.5b
Attributable lettable area
4.61 million sq ft
~30% CAGR since 2014
• Keppel Data Centres’
performance was lower
yoy in 9M22 due to
absence of fair value and
disposal gains from
divestment of Frankfurt
data centre in Sep 2021
• Genting Lane data centre
achieved Singapore’s
BCA Green Mark
Platinum Award for New
Data Centres
10
Improved performance by M1
• 9M22 revenue was 9% higher yoy at S$854m
• Revenue from enterprise business grew 34%
yoy to S$265m in 9M22
• 9M22 net profit was higher yoy
• Continuing growth momentum of postpaid
customers which increased 12% yoy to
over 1.8 million
• Achieved more than 90% outdoor 5G coverage
in Singapore
• Unlocking new 5G use cases such as metaverse
opportunities for entertainment, MICE and
tourism industries and cloud gaming
Continues to roll out 5G SA network and develop innovative 5G use cases
M1 collaborates with Gardens by the Bay and Electronic Sports to
enable 5G powered metaverse experiences in Gardens by the
Bay’s indoor venues
11
Vision 2030 - building the future Keppel
Sustainability
Core of the strategy
in building a
Sustainable Future
Technology
Enable Group to win
in a fast-changing
environment
Asset light
Doing more by
tapping third party
capital for growth
BUSINESS THRUSTS
A GLOBAL ASSET MANAGER & OPERATOR
with strong development and operating capabilities in:
3 Connectivity
2 Urban
Development
1 Energy &
Environment
Moving forward, Keppel will work towards becoming
Appendices
12
13
Vision 2030 asset monetisation announced by the Group
Period Value Unlocked (S$m)
2020 1,238.4
2021 1,666.2
YTD 2022 1,449.9
Total 4,354.5
No Asset Country
Value Unlocked
(S$m)
1 5 Benoi Road Shipyard Singapore 10.0
2 Asia Airfreight Terminal China 35.8
3
42% indirect stake in HCMC
project company
Vietnam 133.1
4 Keppel Logistics
Singapore/Malaysia/
Australia
150.0
5
50% stake in Radiance
Communications
Singapore 2.6
6 20% stake in Mod Prefab Singapore 0.2
7
51% stake in Indo-Trans
Keppel Logistics Vietnam
Vietnam 10.2
8 33 & 35 Tech Park Crescent Singapore 10.5
9
Keppel Marina East
Desalination Plant
Singapore 355.0
10 5177 Richmond Ave USA 41.1
11 3 jackup rigsi Singapore 505.4
12 Sheshan Riviera in Shanghai China 196.0
Total 1,449.9
~S$4.4b of asset monetisation
announced since Oct 2020; on track
to exceed S$5b target by end-2023
i The rigs, under the Amended and Restated Framework Deed with Borr Drilling, form part of the Identified Asset Co Assets to be transferred to
Rigco Holding Pte. Ltd. pursuant to the Asset Co Framework Agreement announced on 27 Apr 2022.
Units %
Singapore 251 1%
China 17,977 44%
Vietnam 8,383 21%
Indonesia 7,274 18%
India 6,636 16%
Total 40,521 100%
14
Keppel Land updates
Residential & Commercial Portfolio
Note: As at 30 Sep 2022
GFA (sm) %
Singapore 86,340 5%
China 533,610 34%
Vietnam 401,210 25%
Indonesia 153,800 10%
India 116,800 7%
Other SEA countries 308,100 19%
Total 1,599,860 100%
• Quality residential landbank across key cities in Asia
• Commercial GFA, ~48% of which under development
9M22 9M21
No. of units sold 1,690 3,460
- Singapore 20 460
- China 770 2,280
- Vietnam 70 340
- Indonesia 250 170
- India 580 210
Sales value (S$’b) 1.0 3.3
Home Sales
• 9M22 home sales were lower due to fewer new project
launches
• Sale of 7,450 overseas units worth ~S$3.9b to be
recognised from 4Q22 - 2025
Customers
S$’m 9M22 9M21
Mobile services 383 369
Fixed services 155 133
International call services 15 16
Equipment sales 301 265
Total 854 783
Revenue
’000 30 Sep 2022 30 Sep 2021
Postpaid 1,837 1,644
Prepaid 303 230
Fibre broadband 236 232
Total 2,376 2,106
M1 updates
15
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, SUBSCRIBE
FOR OR BUY SECURITIES IN ANY JURISDICTION, INCLUDING IN THE UNITED STATES.
This presentation is for information purposes only and does not have regard to your specific investment objectives, financial situation or your particular needs. Any information in this
presentation is not to be construed as investment or financial advice and does not constitute an invitation, offer or solicitation of any offer to acquire, purchase or subscribe for securities
or other financial instruments in Keppel Corporation Limited (“Keppel”). The past performance of Keppel is not indicative of the future performance of Keppel. You should exercise
judgment in your own financial decisions. If in doubt, please consult with your professional advisers.
This presentation contains information on the proposed combination of Keppel Offshore & Marine Ltd (“Keppel O&M”) and Sembcorp Marine (the “Proposed Combination”) and should be
read in conjunction with the joint announcement released by Keppel and Sembcorp Marine Ltd (“Sembcorp Marine”) on 27 April 2022 in relation to the proposed combination of Keppel
O&M and Sembcorp Marine (the “Joint Announcement” ) and the announcement released by Keppel on 27 April 2022 in relation to the Proposed Combination (the “Keppel
Announcement”). Copies of the Joint Announcement and the Keppel Announcement are available on the website of the SGX-ST at http://www.sgx.com.
Certain statements in this presentation may constitute “forward-looking statements”, including forward-looking financial information. Such forward-looking statements and financial
information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Keppel or industry results, to be
materially different from any future results, performance or achievements, expressed or implied by such forward-looking statements and financial information. Representative examples
of these factors include (without limitation) general industry and economic conditions, capital availability, competition from similar developments, changes in operating expenses
(including employee wages, benefits and training costs), property expenses and governmental and public policy changes. Such forward-looking statements and financial information are
based on numerous assumptions regarding Keppel’s present and future business strategies and the environment in which Keppel will operate in the future. Actual future performance,
outcomes and results may differ materially from these forward-looking statements and financial information. As these statements and financial information reflect management’s
current views concerning future events, these statements and financial information necessarily involve risks, uncertainties and assumptions. These forward-looking statements speak
only as at the date of this presentation. No assurance can be given that future events will occur, or that assumptions are correct. You are cautioned not to place undue reliance on these
forward-looking statements.
No representation or warranty express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions
contained in this presentation. Neither Keppel nor any of its affiliates or representatives or Keppel’s advisers (including J.P. Morgan) shall have any liability whatsoever for any loss
howsoever arising, whether directly or indirectly, from any use of, reliance on or distribution of this presentation or its contents or otherwise arising in connection with this presentation.
None of Keppel nor its affiliates or representatives or Keppel’s advisers (including J.P. Morgan) undertakes any obligation to update publicly or revise any forward-looking statements.
The information and opinions contained in this presentation are subject to change without notice.
16
Disclaimer

More Related Content

Similar to Keppel Corporation 3Q & 9M 2022 Business Update Presentation Slides

Keppel Corporation 2H & FY 2020 Results Presentation Slides
Keppel Corporation 2H & FY 2020 Results Presentation SlidesKeppel Corporation 2H & FY 2020 Results Presentation Slides
Keppel Corporation 2H & FY 2020 Results Presentation SlidesKeppelCorporation
 
Presentation Slides for Investor Meetings, May - Jun 2021
Presentation Slides for Investor Meetings, May - Jun 2021Presentation Slides for Investor Meetings, May - Jun 2021
Presentation Slides for Investor Meetings, May - Jun 2021KeppelCorporation
 
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 1H 2021 Financial Results Presentation Slides
Keppel Corporation 1H 2021 Financial Results Presentation SlidesKeppel Corporation 1H 2021 Financial Results Presentation Slides
Keppel Corporation 1H 2021 Financial Results Presentation SlidesKeppelCorporation
 
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 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
 
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
 
Keppel Corporation's 1H22 Financial Results
Keppel Corporation's 1H22 Financial ResultsKeppel Corporation's 1H22 Financial Results
Keppel Corporation's 1H22 Financial ResultsKeppelCorporation
 
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 Ltd. 1Q 2024 Business Update Presentation Slides
Keppel Ltd. 1Q 2024 Business Update  Presentation SlidesKeppel Ltd. 1Q 2024 Business Update  Presentation Slides
Keppel Ltd. 1Q 2024 Business Update Presentation 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-Ltd-2h23-fy23-presentation-slides
Keppel-Ltd-2h23-fy23-presentation-slidesKeppel-Ltd-2h23-fy23-presentation-slides
Keppel-Ltd-2h23-fy23-presentation-slidesKeppelCorporation
 
KCL AGM 2021 Presentation by CEO
KCL AGM 2021 Presentation by CEO KCL AGM 2021 Presentation by CEO
KCL AGM 2021 Presentation by CEO KeppelCorporation
 
Keppel Corporation Annual General Meeting CEO Presentation Slides
Keppel Corporation Annual General Meeting CEO Presentation SlidesKeppel Corporation Annual General Meeting CEO Presentation Slides
Keppel Corporation Annual General Meeting CEO Presentation SlidesKeppelCorporation
 
Keppel Corporation's Vision 2030 Briefing to Analysts
Keppel Corporation's Vision 2030 Briefing to AnalystsKeppel Corporation's Vision 2030 Briefing to Analysts
Keppel Corporation's Vision 2030 Briefing to AnalystsKeppelCorporation
 
Annual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesAnnual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesKeppelCorporation
 
KCL AGM 2020 CEO presentation slides
KCL AGM 2020 CEO presentation slidesKCL AGM 2020 CEO presentation slides
KCL AGM 2020 CEO presentation slidesKeppelCorporation
 
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 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
 
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
 

Similar to Keppel Corporation 3Q & 9M 2022 Business Update Presentation Slides (20)

Keppel Corporation 2H & FY 2020 Results Presentation Slides
Keppel Corporation 2H & FY 2020 Results Presentation SlidesKeppel Corporation 2H & FY 2020 Results Presentation Slides
Keppel Corporation 2H & FY 2020 Results Presentation Slides
 
Presentation Slides for Investor Meetings, May - Jun 2021
Presentation Slides for Investor Meetings, May - Jun 2021Presentation Slides for Investor Meetings, May - Jun 2021
Presentation Slides for Investor Meetings, May - Jun 2021
 
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 1H 2021 Financial Results Presentation Slides
Keppel Corporation 1H 2021 Financial Results Presentation SlidesKeppel Corporation 1H 2021 Financial Results Presentation Slides
Keppel Corporation 1H 2021 Financial Results Presentation Slides
 
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 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
 
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
 
Keppel Corporation's 1H22 Financial Results
Keppel Corporation's 1H22 Financial ResultsKeppel Corporation's 1H22 Financial Results
Keppel Corporation's 1H22 Financial Results
 
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 Ltd. 1Q 2024 Business Update Presentation Slides
Keppel Ltd. 1Q 2024 Business Update  Presentation SlidesKeppel Ltd. 1Q 2024 Business Update  Presentation Slides
Keppel Ltd. 1Q 2024 Business Update Presentation 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-Ltd-2h23-fy23-presentation-slides
Keppel-Ltd-2h23-fy23-presentation-slidesKeppel-Ltd-2h23-fy23-presentation-slides
Keppel-Ltd-2h23-fy23-presentation-slides
 
KCL AGM 2021 Presentation by CEO
KCL AGM 2021 Presentation by CEO KCL AGM 2021 Presentation by CEO
KCL AGM 2021 Presentation by CEO
 
Keppel Corporation Annual General Meeting CEO Presentation Slides
Keppel Corporation Annual General Meeting CEO Presentation SlidesKeppel Corporation Annual General Meeting CEO Presentation Slides
Keppel Corporation Annual General Meeting CEO Presentation Slides
 
Keppel Corporation's Vision 2030 Briefing to Analysts
Keppel Corporation's Vision 2030 Briefing to AnalystsKeppel Corporation's Vision 2030 Briefing to Analysts
Keppel Corporation's Vision 2030 Briefing to Analysts
 
Annual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesAnnual General Meeting Presentation Slides
Annual General Meeting Presentation Slides
 
KCL AGM 2020 CEO presentation slides
KCL AGM 2020 CEO presentation slidesKCL AGM 2020 CEO presentation slides
KCL AGM 2020 CEO presentation slides
 
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 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
 
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
 

More from KeppelCorporation

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 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 - 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
 
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 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
 
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
 
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 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
 
Investor Presentation on Acquisition of Singapore Press Holdings Limited excl...
Investor Presentation on Acquisition of Singapore Press Holdings Limited excl...Investor Presentation on Acquisition of Singapore Press Holdings Limited excl...
Investor Presentation on Acquisition of Singapore Press Holdings Limited excl...KeppelCorporation
 
Keppel Capital Singapore REITs Symposium 2021
Keppel Capital Singapore REITs Symposium 2021Keppel Capital Singapore REITs Symposium 2021
Keppel Capital Singapore REITs Symposium 2021KeppelCorporation
 
Keppel Capital Virtual Corporate Day Presentation Slides
Keppel Capital Virtual Corporate Day Presentation SlidesKeppel Capital Virtual Corporate Day Presentation Slides
Keppel Capital Virtual Corporate Day Presentation SlidesKeppelCorporation
 

More from KeppelCorporation (15)

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 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 - 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
 
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 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 ...
 
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
 
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 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
 
Investor Presentation on Acquisition of Singapore Press Holdings Limited excl...
Investor Presentation on Acquisition of Singapore Press Holdings Limited excl...Investor Presentation on Acquisition of Singapore Press Holdings Limited excl...
Investor Presentation on Acquisition of Singapore Press Holdings Limited excl...
 
Keppel Capital Singapore REITs Symposium 2021
Keppel Capital Singapore REITs Symposium 2021Keppel Capital Singapore REITs Symposium 2021
Keppel Capital Singapore REITs Symposium 2021
 
Keppel Capital Virtual Corporate Day Presentation Slides
Keppel Capital Virtual Corporate Day Presentation SlidesKeppel Capital Virtual Corporate Day Presentation Slides
Keppel Capital Virtual Corporate Day Presentation Slides
 

Recently uploaded

How Bookkeeping helps you in Cost Saving, Tax Saving and Smooth Business Runn...
How Bookkeeping helps you in Cost Saving, Tax Saving and Smooth Business Runn...How Bookkeeping helps you in Cost Saving, Tax Saving and Smooth Business Runn...
How Bookkeeping helps you in Cost Saving, Tax Saving and Smooth Business Runn...YourLegal Accounting
 
Shots fired Budget Presentation.pdf12312
Shots fired Budget Presentation.pdf12312Shots fired Budget Presentation.pdf12312
Shots fired Budget Presentation.pdf12312LR1709MUSIC
 
Understanding Financial Accounting 3rd Canadian Edition by Christopher D. Bur...
Understanding Financial Accounting 3rd Canadian Edition by Christopher D. Bur...Understanding Financial Accounting 3rd Canadian Edition by Christopher D. Bur...
Understanding Financial Accounting 3rd Canadian Edition by Christopher D. Bur...ssuserf63bd7
 
Top^Clinic ^%[+27785538335__Safe*Women's clinic//Abortion Pills In Harare
Top^Clinic ^%[+27785538335__Safe*Women's clinic//Abortion Pills In HarareTop^Clinic ^%[+27785538335__Safe*Women's clinic//Abortion Pills In Harare
Top^Clinic ^%[+27785538335__Safe*Women's clinic//Abortion Pills In Hararedoctorjoe1984
 
Pitch Deck Teardown: Goodcarbon's $5.5m Seed deck
Pitch Deck Teardown: Goodcarbon's $5.5m Seed deckPitch Deck Teardown: Goodcarbon's $5.5m Seed deck
Pitch Deck Teardown: Goodcarbon's $5.5m Seed deckHajeJanKamps
 
A BUSINESS PROPOSAL FOR SLAUGHTER HOUSE WASTE MANAGEMENT IN MYSORE MUNICIPAL ...
A BUSINESS PROPOSAL FOR SLAUGHTER HOUSE WASTE MANAGEMENT IN MYSORE MUNICIPAL ...A BUSINESS PROPOSAL FOR SLAUGHTER HOUSE WASTE MANAGEMENT IN MYSORE MUNICIPAL ...
A BUSINESS PROPOSAL FOR SLAUGHTER HOUSE WASTE MANAGEMENT IN MYSORE MUNICIPAL ...prakheeshc
 
00971508021841 حبوب الإجهاض في دبي | أبوظبي | الشارقة | السطوة |❇ ❈ ((![© ر
00971508021841 حبوب الإجهاض في دبي | أبوظبي | الشارقة | السطوة |❇ ❈ ((![©  ر00971508021841 حبوب الإجهاض في دبي | أبوظبي | الشارقة | السطوة |❇ ❈ ((![©  ر
00971508021841 حبوب الإجهاض في دبي | أبوظبي | الشارقة | السطوة |❇ ❈ ((![© رnafizanafzal
 
What are the differences between an international company, a global company, ...
What are the differences between an international company, a global company, ...What are the differences between an international company, a global company, ...
What are the differences between an international company, a global company, ...AbhishekSharma823325
 
Thompson_Taylor_MBBS_PB1_2024-03 (1)- Project & Portfolio 2.pptx
Thompson_Taylor_MBBS_PB1_2024-03 (1)- Project & Portfolio 2.pptxThompson_Taylor_MBBS_PB1_2024-03 (1)- Project & Portfolio 2.pptx
Thompson_Taylor_MBBS_PB1_2024-03 (1)- Project & Portfolio 2.pptxtmthompson1
 
The Vietnam Believer Newsletter_May 13th, 2024_ENVol. 007.pdf
The Vietnam Believer Newsletter_May 13th, 2024_ENVol. 007.pdfThe Vietnam Believer Newsletter_May 13th, 2024_ENVol. 007.pdf
The Vietnam Believer Newsletter_May 13th, 2024_ENVol. 007.pdfbelieveminhh
 
Abortion pills in Muscut<Oman(+27737758557) Cytotec available.inn Kuwait City.
Abortion pills in Muscut<Oman(+27737758557) Cytotec available.inn Kuwait City.Abortion pills in Muscut<Oman(+27737758557) Cytotec available.inn Kuwait City.
Abortion pills in Muscut<Oman(+27737758557) Cytotec available.inn Kuwait City.daisycvs
 
Sex service available my WhatsApp number 7374088497
Sex service available my WhatsApp number 7374088497Sex service available my WhatsApp number 7374088497
Sex service available my WhatsApp number 7374088497dipikakk482
 
Most Visionary Leaders in Cloud Revolution, Shaping Tech’s Next Era - 2024 (2...
Most Visionary Leaders in Cloud Revolution, Shaping Tech’s Next Era - 2024 (2...Most Visionary Leaders in Cloud Revolution, Shaping Tech’s Next Era - 2024 (2...
Most Visionary Leaders in Cloud Revolution, Shaping Tech’s Next Era - 2024 (2...CIO Look Magazine
 
Mastering The Art Of 'Closing The Sale'.
Mastering The Art Of 'Closing The Sale'.Mastering The Art Of 'Closing The Sale'.
Mastering The Art Of 'Closing The Sale'.SNSW group8
 
What is paper chromatography, principal, procedure,types, diagram, advantages...
What is paper chromatography, principal, procedure,types, diagram, advantages...What is paper chromatography, principal, procedure,types, diagram, advantages...
What is paper chromatography, principal, procedure,types, diagram, advantages...srcw2322l101
 
wagamamaLab presentation @MIT 20240509 IRODORI
wagamamaLab presentation @MIT 20240509 IRODORIwagamamaLab presentation @MIT 20240509 IRODORI
wagamamaLab presentation @MIT 20240509 IRODORIIRODORI inc.
 

Recently uploaded (20)

How Bookkeeping helps you in Cost Saving, Tax Saving and Smooth Business Runn...
How Bookkeeping helps you in Cost Saving, Tax Saving and Smooth Business Runn...How Bookkeeping helps you in Cost Saving, Tax Saving and Smooth Business Runn...
How Bookkeeping helps you in Cost Saving, Tax Saving and Smooth Business Runn...
 
Obat Aborsi Surabaya 0851\7696\3835 Jual Obat Cytotec Di Surabaya
Obat Aborsi Surabaya 0851\7696\3835 Jual Obat Cytotec Di SurabayaObat Aborsi Surabaya 0851\7696\3835 Jual Obat Cytotec Di Surabaya
Obat Aborsi Surabaya 0851\7696\3835 Jual Obat Cytotec Di Surabaya
 
Shots fired Budget Presentation.pdf12312
Shots fired Budget Presentation.pdf12312Shots fired Budget Presentation.pdf12312
Shots fired Budget Presentation.pdf12312
 
Understanding Financial Accounting 3rd Canadian Edition by Christopher D. Bur...
Understanding Financial Accounting 3rd Canadian Edition by Christopher D. Bur...Understanding Financial Accounting 3rd Canadian Edition by Christopher D. Bur...
Understanding Financial Accounting 3rd Canadian Edition by Christopher D. Bur...
 
Top^Clinic ^%[+27785538335__Safe*Women's clinic//Abortion Pills In Harare
Top^Clinic ^%[+27785538335__Safe*Women's clinic//Abortion Pills In HarareTop^Clinic ^%[+27785538335__Safe*Women's clinic//Abortion Pills In Harare
Top^Clinic ^%[+27785538335__Safe*Women's clinic//Abortion Pills In Harare
 
Pitch Deck Teardown: Goodcarbon's $5.5m Seed deck
Pitch Deck Teardown: Goodcarbon's $5.5m Seed deckPitch Deck Teardown: Goodcarbon's $5.5m Seed deck
Pitch Deck Teardown: Goodcarbon's $5.5m Seed deck
 
Obat Aborsi Pasuruan 0851\7696\3835 Jual Obat Cytotec Di Pasuruan
Obat Aborsi Pasuruan 0851\7696\3835 Jual Obat Cytotec Di PasuruanObat Aborsi Pasuruan 0851\7696\3835 Jual Obat Cytotec Di Pasuruan
Obat Aborsi Pasuruan 0851\7696\3835 Jual Obat Cytotec Di Pasuruan
 
A BUSINESS PROPOSAL FOR SLAUGHTER HOUSE WASTE MANAGEMENT IN MYSORE MUNICIPAL ...
A BUSINESS PROPOSAL FOR SLAUGHTER HOUSE WASTE MANAGEMENT IN MYSORE MUNICIPAL ...A BUSINESS PROPOSAL FOR SLAUGHTER HOUSE WASTE MANAGEMENT IN MYSORE MUNICIPAL ...
A BUSINESS PROPOSAL FOR SLAUGHTER HOUSE WASTE MANAGEMENT IN MYSORE MUNICIPAL ...
 
WAM Corporate Presentation May 2024_w.pdf
WAM Corporate Presentation May 2024_w.pdfWAM Corporate Presentation May 2024_w.pdf
WAM Corporate Presentation May 2024_w.pdf
 
00971508021841 حبوب الإجهاض في دبي | أبوظبي | الشارقة | السطوة |❇ ❈ ((![© ر
00971508021841 حبوب الإجهاض في دبي | أبوظبي | الشارقة | السطوة |❇ ❈ ((![©  ر00971508021841 حبوب الإجهاض في دبي | أبوظبي | الشارقة | السطوة |❇ ❈ ((![©  ر
00971508021841 حبوب الإجهاض في دبي | أبوظبي | الشارقة | السطوة |❇ ❈ ((![© ر
 
What are the differences between an international company, a global company, ...
What are the differences between an international company, a global company, ...What are the differences between an international company, a global company, ...
What are the differences between an international company, a global company, ...
 
Thompson_Taylor_MBBS_PB1_2024-03 (1)- Project & Portfolio 2.pptx
Thompson_Taylor_MBBS_PB1_2024-03 (1)- Project & Portfolio 2.pptxThompson_Taylor_MBBS_PB1_2024-03 (1)- Project & Portfolio 2.pptx
Thompson_Taylor_MBBS_PB1_2024-03 (1)- Project & Portfolio 2.pptx
 
The Vietnam Believer Newsletter_May 13th, 2024_ENVol. 007.pdf
The Vietnam Believer Newsletter_May 13th, 2024_ENVol. 007.pdfThe Vietnam Believer Newsletter_May 13th, 2024_ENVol. 007.pdf
The Vietnam Believer Newsletter_May 13th, 2024_ENVol. 007.pdf
 
Abortion pills in Muscut<Oman(+27737758557) Cytotec available.inn Kuwait City.
Abortion pills in Muscut<Oman(+27737758557) Cytotec available.inn Kuwait City.Abortion pills in Muscut<Oman(+27737758557) Cytotec available.inn Kuwait City.
Abortion pills in Muscut<Oman(+27737758557) Cytotec available.inn Kuwait City.
 
Home Furnishings Ecommerce Platform Short Pitch 2024
Home Furnishings Ecommerce Platform Short Pitch 2024Home Furnishings Ecommerce Platform Short Pitch 2024
Home Furnishings Ecommerce Platform Short Pitch 2024
 
Sex service available my WhatsApp number 7374088497
Sex service available my WhatsApp number 7374088497Sex service available my WhatsApp number 7374088497
Sex service available my WhatsApp number 7374088497
 
Most Visionary Leaders in Cloud Revolution, Shaping Tech’s Next Era - 2024 (2...
Most Visionary Leaders in Cloud Revolution, Shaping Tech’s Next Era - 2024 (2...Most Visionary Leaders in Cloud Revolution, Shaping Tech’s Next Era - 2024 (2...
Most Visionary Leaders in Cloud Revolution, Shaping Tech’s Next Era - 2024 (2...
 
Mastering The Art Of 'Closing The Sale'.
Mastering The Art Of 'Closing The Sale'.Mastering The Art Of 'Closing The Sale'.
Mastering The Art Of 'Closing The Sale'.
 
What is paper chromatography, principal, procedure,types, diagram, advantages...
What is paper chromatography, principal, procedure,types, diagram, advantages...What is paper chromatography, principal, procedure,types, diagram, advantages...
What is paper chromatography, principal, procedure,types, diagram, advantages...
 
wagamamaLab presentation @MIT 20240509 IRODORI
wagamamaLab presentation @MIT 20240509 IRODORIwagamamaLab presentation @MIT 20240509 IRODORI
wagamamaLab presentation @MIT 20240509 IRODORI
 

Keppel Corporation 3Q & 9M 2022 Business Update Presentation Slides

  • 1. 3Q & 9M 2022 Business Update 27 October 2022
  • 2. 2 Driving execution of Vision 2030 • Continued expansion in Vision 2030 growth areas such as renewables, clean energy and sustainable urban renewal • Focused on improving quality of earnings with higher recurring income • Announced ~S$4.4b of asset monetisation since Oct 2020, including ~S$1.4b announced YTD; on track to exceed S$5b target by end-2023 Signed revised agreements on proposed O&M transactions • Agreements with Sembcorp Marine simplify implementation, provide greater deal certainty and accelerate completion of proposed combination of Keppel O&M and Sembcorp Marine • Agreements with Asset Co investorsi improve terms of transaction; Asset Co transaction delinked from proposed combination and will proceed regardless of the outcome of the proposed combination i The Asset Co investors refer to Baluran Limited, an indirect wholly-owned subsidiary of ASM Connaught House Fund V, and Kyanite Investment Holdings Pte Ltd, an indirect wholly-owned subsidiary of Temasek.
  • 3. 3,259 4,981 1,235 769 903 947 113 139 9M21 9M22 Energy & Environment Urban Development Connectivity Asset Management 5,510 6,836 S$m 0 3 Resilient amidst challenging macro environment • 9M22 net profit improved yoy, with stronger performance from Energy & Environment and Asset Management segments • 9M22 revenuei was S$6.8b, up 24% from S$5.5b for 9M21 • Net profit for 3Q22 was lower yoy as 3Q21 net profit benefitted from enbloc sale of a project in China • Net gearing of 0.79x as at end-Sep 2022, vs 0.68x as at end-Jun 2022, due mainly to payment of interim dividend and Share Buyback Programme • Continue to strengthen business resilience amidst inflation and rising interest rates • As at end-Sep 2022, ~70% of our borrowings were on fixed rates, with average interest cost of 2.88% and weighted tenor of ~3 years Revenue by segmenti i Revenue includes contributions from Discontinued Operations. Excluding Discontinued Operations, revenue from Continuing Operations in 9M22 was S$5,016m, up 15% from S$4,348m for 9M21
  • 4. S$167m S$186m 9M21 9M22 11% 4 Asia’s leading asset management platform • Keppel Capital’s operating performance improved with 9M22 revenue growing 15% yoy • Overall performance was lower yoy due to unrealised mark-to-market loss from investments • Completed S$4.0b of acquisitions and divestments YTD i Includes 100% fees from subsidiary managers, joint ventures and associated entities, as well as share of fees based on shareholding stake in associate with which Keppel has strategic alliance. Asset management feesi grew 11% yoy to S$186m in 9M22 Keppel Capital is on track to achieve S$50b AUM by end-2022 Harnessing Keppel’s strong engineering, project execution and operating capabilities Working towards launching new flagship funds: Keppel Core Infrastructure Fund and Keppel Sustainable Urban Renewal Fund
  • 5. 5 Seizing growth opportunities as OneKeppel in the energy & environment business i On a gross basis and includes projects under development ii Includes operating and ready-to-build renewables capacity of associate company, MET Group, in Europe Note: KIT refers to Keppel Infrastructure Trust; KAIF refers to Keppel Asia Infrastructure Fund LP; LTMS-PIP stands for Lao PDR-Thailand- Malaysia-Singapore Power Integration Project ~2.6GW Renewable energy portfolioi  Expanding sources of stable recurring income  Strong deal flow pipeline in well-established markets, with best-in-class operators  Tapping 3rd party funds for growth ~S$2.4b Joint investments with Keppel-managed funds/business trust announced YTD Keppel Corporation and KIT acquiring interests in European onshore and offshore wind energy assets for S$679m Keppel Infrastructure, KIT and KAIF acquired leading South Korean waste management services platform for S$666m Keppel Infrastructure and KAIF developing Singapore’s first hydrogen-ready power plant with a total investment of S$750m Keppel Infrastructure and KAIF acquired interests in 800 Super, a Singapore environmental services company, for S$304m LTMS-PIP FORAS onshore wind energy assets German offshore wind farm Keppel Infrastructure, Europeii 600MW 500MW 465MW 100MW 657MW 258MW Cleantech Renewable Assets Australian solar farm
  • 6. 6 Keppel Infrastructure performed strongly in 9M22, scaling up in renewables, clean energy & decarbonisation solutions • 9M22 revenue was S$3.2b, up 51% yoy driven by higher electricity and gas sales, and revenue recognition from Hong Kong IWMF • 9M22 net profit improved strongly yoy Keppel Infrastructure @ Changi, Singapore's first positive energy building under BCA’s new Green Mark scheme Note: CCUS stands for carbon capture, utilisation, and sequestration; IWMF stands for integrated waste management facility Doubling down on large-scale decarbonisation opportunities • Formed consortium with industry players to explore CCUS solutions in Singapore • Collaborating with Indian renewables major to develop 1.3GW carbon-free energy for green hydrogen/ammonia supply chain • Signed exclusive agreements to import low-carbon electricity from Cambodia and Laos into Singapore
  • 7. 7 Keppel O&M continues to expand orderbook and build on strong execution track record De-risking legacy rig assets • All KFELS B Class jackups have been contracted • Delivering 3 of 5 rigs to Borr Drilling from Oct 2022 to Jul 2023 with full payments of at least US$352m • Secured 4 bareboat charter contracts YTD totalling S$255m • Receiving active enquiries for remaining rigs S$5.1b S$11.6b End-2021 End-Sep 2022 127% Highest net orderbookii since 2007 i Op Co comprises Keppel O&M excluding the legacy completed and uncompleted rigs and associated receivables and its interests in Floatel and Dyna-Mac ii Excludes semis for Sete Brasil • 9M22 revenue was S$1.8b, up 56% from 9M21 with higher levels of activity • Keppel O&M was EBITDA positive in 9M22 • Op Coi was profitable in 9M22 S$7.9b of order wins in 9M22 Including 2 Petrobras FPSOs which are cashflow positive and earnings accretive
  • 8. 8 Asset-light urban solutions provider • Keppel Land’s 9M22 net profit was lower yoy due mainly to lower contributions from China trading projects and absence of enbloc sales • Home sales slower, especially in China but property easing measures are being rolled out by Chinese authorities to stabilise residential market Accelerating transformation • Announced divestment of Sheshan Riviera in Shanghai for S$196m • Ongoing efforts to substantially monetise China and Vietnam landbank • Pivoting towards real estate- as-a-service with focus on growing recurring income • Seizing opportunities in sustainable urban renewal and senior living solutions Keppel Bay Tower, the first commercial building in Singapore to be certified as BCA’s Green Mark Platinum Zero Energy building
  • 9. 9 Scaling up sustainable data centre solutions Group’s portfolio comprises 32 data centre developments across Asia Pacific and Europe Including 3 China data centre projects whose acquisitions were completed in 3Q22 Genting Lane data centre, Singapore Combined value S$4.5b Attributable lettable area 4.61 million sq ft ~30% CAGR since 2014 • Keppel Data Centres’ performance was lower yoy in 9M22 due to absence of fair value and disposal gains from divestment of Frankfurt data centre in Sep 2021 • Genting Lane data centre achieved Singapore’s BCA Green Mark Platinum Award for New Data Centres
  • 10. 10 Improved performance by M1 • 9M22 revenue was 9% higher yoy at S$854m • Revenue from enterprise business grew 34% yoy to S$265m in 9M22 • 9M22 net profit was higher yoy • Continuing growth momentum of postpaid customers which increased 12% yoy to over 1.8 million • Achieved more than 90% outdoor 5G coverage in Singapore • Unlocking new 5G use cases such as metaverse opportunities for entertainment, MICE and tourism industries and cloud gaming Continues to roll out 5G SA network and develop innovative 5G use cases M1 collaborates with Gardens by the Bay and Electronic Sports to enable 5G powered metaverse experiences in Gardens by the Bay’s indoor venues
  • 11. 11 Vision 2030 - building the future Keppel Sustainability Core of the strategy in building a Sustainable Future Technology Enable Group to win in a fast-changing environment Asset light Doing more by tapping third party capital for growth BUSINESS THRUSTS A GLOBAL ASSET MANAGER & OPERATOR with strong development and operating capabilities in: 3 Connectivity 2 Urban Development 1 Energy & Environment Moving forward, Keppel will work towards becoming
  • 13. 13 Vision 2030 asset monetisation announced by the Group Period Value Unlocked (S$m) 2020 1,238.4 2021 1,666.2 YTD 2022 1,449.9 Total 4,354.5 No Asset Country Value Unlocked (S$m) 1 5 Benoi Road Shipyard Singapore 10.0 2 Asia Airfreight Terminal China 35.8 3 42% indirect stake in HCMC project company Vietnam 133.1 4 Keppel Logistics Singapore/Malaysia/ Australia 150.0 5 50% stake in Radiance Communications Singapore 2.6 6 20% stake in Mod Prefab Singapore 0.2 7 51% stake in Indo-Trans Keppel Logistics Vietnam Vietnam 10.2 8 33 & 35 Tech Park Crescent Singapore 10.5 9 Keppel Marina East Desalination Plant Singapore 355.0 10 5177 Richmond Ave USA 41.1 11 3 jackup rigsi Singapore 505.4 12 Sheshan Riviera in Shanghai China 196.0 Total 1,449.9 ~S$4.4b of asset monetisation announced since Oct 2020; on track to exceed S$5b target by end-2023 i The rigs, under the Amended and Restated Framework Deed with Borr Drilling, form part of the Identified Asset Co Assets to be transferred to Rigco Holding Pte. Ltd. pursuant to the Asset Co Framework Agreement announced on 27 Apr 2022.
  • 14. Units % Singapore 251 1% China 17,977 44% Vietnam 8,383 21% Indonesia 7,274 18% India 6,636 16% Total 40,521 100% 14 Keppel Land updates Residential & Commercial Portfolio Note: As at 30 Sep 2022 GFA (sm) % Singapore 86,340 5% China 533,610 34% Vietnam 401,210 25% Indonesia 153,800 10% India 116,800 7% Other SEA countries 308,100 19% Total 1,599,860 100% • Quality residential landbank across key cities in Asia • Commercial GFA, ~48% of which under development 9M22 9M21 No. of units sold 1,690 3,460 - Singapore 20 460 - China 770 2,280 - Vietnam 70 340 - Indonesia 250 170 - India 580 210 Sales value (S$’b) 1.0 3.3 Home Sales • 9M22 home sales were lower due to fewer new project launches • Sale of 7,450 overseas units worth ~S$3.9b to be recognised from 4Q22 - 2025
  • 15. Customers S$’m 9M22 9M21 Mobile services 383 369 Fixed services 155 133 International call services 15 16 Equipment sales 301 265 Total 854 783 Revenue ’000 30 Sep 2022 30 Sep 2021 Postpaid 1,837 1,644 Prepaid 303 230 Fibre broadband 236 232 Total 2,376 2,106 M1 updates 15
  • 16. 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, SUBSCRIBE FOR OR BUY SECURITIES IN ANY JURISDICTION, INCLUDING IN THE UNITED STATES. This presentation is for information purposes only and does not have regard to your specific investment objectives, financial situation or your particular needs. Any information in this presentation is not to be construed as investment or financial advice and does not constitute an invitation, offer or solicitation of any offer to acquire, purchase or subscribe for securities or other financial instruments in Keppel Corporation Limited (“Keppel”). The past performance of Keppel is not indicative of the future performance of Keppel. You should exercise judgment in your own financial decisions. If in doubt, please consult with your professional advisers. This presentation contains information on the proposed combination of Keppel Offshore & Marine Ltd (“Keppel O&M”) and Sembcorp Marine (the “Proposed Combination”) and should be read in conjunction with the joint announcement released by Keppel and Sembcorp Marine Ltd (“Sembcorp Marine”) on 27 April 2022 in relation to the proposed combination of Keppel O&M and Sembcorp Marine (the “Joint Announcement” ) and the announcement released by Keppel on 27 April 2022 in relation to the Proposed Combination (the “Keppel Announcement”). Copies of the Joint Announcement and the Keppel Announcement are available on the website of the SGX-ST at http://www.sgx.com. Certain statements in this presentation may constitute “forward-looking statements”, including forward-looking financial information. Such forward-looking statements and financial information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Keppel or industry results, to be materially different from any future results, performance or achievements, expressed or implied by such forward-looking statements and financial information. Representative examples of these factors include (without limitation) general industry and economic conditions, capital availability, competition from similar developments, changes in operating expenses (including employee wages, benefits and training costs), property expenses and governmental and public policy changes. Such forward-looking statements and financial information are based on numerous assumptions regarding Keppel’s present and future business strategies and the environment in which Keppel will operate in the future. Actual future performance, outcomes and results may differ materially from these forward-looking statements and financial information. As these statements and financial information reflect management’s current views concerning future events, these statements and financial information necessarily involve risks, uncertainties and assumptions. These forward-looking statements speak only as at the date of this presentation. No assurance can be given that future events will occur, or that assumptions are correct. You are cautioned not to place undue reliance on these forward-looking statements. No representation or warranty express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Neither Keppel nor any of its affiliates or representatives or Keppel’s advisers (including J.P. Morgan) shall have any liability whatsoever for any loss howsoever arising, whether directly or indirectly, from any use of, reliance on or distribution of this presentation or its contents or otherwise arising in connection with this presentation. None of Keppel nor its affiliates or representatives or Keppel’s advisers (including J.P. Morgan) undertakes any obligation to update publicly or revise any forward-looking statements. The information and opinions contained in this presentation are subject to change without notice. 16 Disclaimer