Keppel Infrastructure Trust · SGX:A7RU
Keppel Infrastructure Trust — Merger or Acquisition (February 2019)
16 slides from Keppel Infrastructure Trust's merger presentation, Feb 8, 2019
Slide 1: Proposed Acquisition of Ixom HoldCo Pty Ltd
Proposed Acquisition of Ixom HoldCo Pty Ltd SIAS Dialogue Session with Unitholders 8 February 2019
Slide 2: Important Notice
Important Notice This presentation is not for distribution, directly or indirectly, in or into the United States and is not an offer of securities for sale in the United States or any other jurisdictions. The information contained in this presentation is for information purposes only and does not co
Slide 3: 1. Proposed Acquisition of Ixom
1. Proposed Acquisition of Ixom
Slide 4: Proposed DPU Yield Accretive Acquisition of Ixom
Proposed DPU Yield Accretive Acquisition of Ixom Alignment with KIT’s investment strategy: ✓ Long-term stable cash flows with potential growth ✓ Provides key products and fundamental services ✓ Strong and stable business sectors ✓ Significant scale with large infrastructure network Acquisition Summa
Slide 5: Ixom – A Defensive Industrial Infrastructure Business
Ixom –AADefensive Ixom: DefensiveIndustrial IndustrialInfrastructure InfrastructureBusiness Business (1) ~80% EBITDA SOLE backed by Manufacturer and provider of infrastructure assets liquefied chlorine in AUS(2) ~A$900M (2) LEADER Asset Replacement Value Amongst the leading industrial is underpinned
Slide 6: 2. Merits of the Proposed Acquisition
2. Merits of the Proposed Acquisition
Slide 7: A Strong and Stable Infrastructure Business Supported by High Barriers To Entry
Ixom’s Business 1. A Strong is Supported and Stable by High Infrastructure Barriers To Entry Business Characteristics Ixom’s Operations ▪ Scale and well-positioned locations give Ixom a leading market position a) Solid asset ▪ Network of over 70 infrastructure assets with a replacement value of appr
Slide 8: Supported by an Extensive Network of Infrastructure Assets
1. Supported by an Extensive Network of Infrastructure Assets 1 2 3 Strong and stable business Large network of Well-positioned locations infrastructure assets due to scale and positioning enhances reliability of supply across key regions in Australia of infrastructure network and New Zealand AUSTRA
Slide 9: Business with Growth Potential
2. Business with Growth Potential Stable cash flows ▪ Stable and resilient cash flows as approximately 80% of EBITDA is backed by infrastructure assets(1) Global milk demand is forecast ▪ Ixom’s chemicals are vital to customers’ operations to increase by >35% in 2030(3) ▪ Supported by favourable lon
Slide 10: Stable and Resilient Cashflow
3. Stable and Resilient Cashflow Diversified customer base Supported by diverse customer base Ixom has a diversified customer base, comprising Concentration of customers(1) many blue-chip companies and municipalities, supporting stable and resilient cashflow 15% 1 Key infrastructure assets are well-
Slide 11: Strengthen KIT's Portfolio Mix and Overall Value Proposition
4. Strengthen KIT’s Portfolio Mix and Overall Value Proposition Increases exposure to the ‘Distribution & Network’ segment for greater stability Asset Breakdown (KIT)(1) Asset Breakdown (with Ixom)(1) Water and Waste Energy Water and Waste Energy Treatment (concessions) 28% Treatment (concessions) 1
Slide 12: Pro Forma Financial Effects
Pro Forma Financial Effects This information is for illustration purposes only As at 31 December 2018 Preferential Offering and Rights Issue(2),(3) the Placement(1) (S$ cents) KIT KIT KIT Change Change (with Ixom) (with Ixom) Cash Flows Funds from operations (S$’m) 161 221 +37.3% 221 +37.3% Funds fr
Slide 13: 3. Summary
3. Summary
Slide 14: Key Investment Highlights Summary
Key Investment Highlights Summary The Institutional Shareholder Services (ISS)(1) has recommended a vote FOR ALL 3 Resolutions 1 A Strong and Stable Infrastructure Business Supported by a large network of well-positioned infrastructure assets 2 A Business with Growth Potential Amongst the leading bu
Slide 15: Extraordinary General Meeting
Extraordinary General Meeting Important Dates and Times Last date and time for lodgment of Sunday, 10 February 2019 at 3.00 p.m. Proxy Forms Date and time of EGM Tuesday, 12 February 2019 at 3.00 p.m. Place of EGM Suntec Singapore Convention and Exhibition Centre, Summit 2, Level 3, 1 Raffles Boulev
Slide 16: Thank You
Thank You www.kepinfratrust.com
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