Keppel Dc Reit · SGX:AJBU
Keppel Dc Reit — Shareholder Meeting (April 2016)
19 slides from Keppel Dc Reit's shareholder meeting presentation, Apr 14, 2016
Slide 1: Annual General Meeting
Annual General Meeting 14 April 2016
Slide 2: Important Notice
Important Notice DBS Bank Ltd. and Standard Chartered Securities (Singapore) Pte. Limited are the Joint Financial Advisers and Issue Managers to the initial public offering of Keppel DC REIT (the “Offering”). DBS Bank Ltd., Standard Chartered Securities (Singapore) Pte. Limited and Credit Suisse (Si
Slide 3: Key Highlights
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Slide 4: First DC REIT Listed in Asia
First DC REIT Listed in Asia Portfolio Assets ~S$1.07b comprising 9 data centres across Asia Pacific and Europe Pend listing photo Distribution Per Unit (DPU) 6.84 cents 1.9% higher than IPO Forecast’s 6.71 cents (12 Dec 2014 – 31 Dec 2015) Distribution Yield 6.97% Based on IPO price of S$0.930, up
Slide 5: 2015 Key Highlights
2015 Key Highlights $ € £ Exceeded IPO Forecast Portfolio Growth Healthy Balance Sheet Distribution Per Unit Portfolio Occupancy Aggregate Leverage +1.9% 94.8% 29.2% against IPO forecast as at 31 Dec 2015 as at 31 Dec 2015 Distribution Yield Acquisitions Interest Coverage 6.97% 2 deals 9.4 times u
Slide 6: Unit Price Performance Against Indices
Unit Price Performance Against Indices For the period from 12 Dec 2014 to 31 Dec 2015: 5
Slide 7: Accolades & Recognition
Accolades & Recognition KDCREIT was added to the MSCI Singapore Small Cap Index KDCREIT was conferred the “Most Transparent Company Award (New Issues) – Runner Up” in the SIAS 16th Investors' Choice Awards KDCREIT was voted “3rd Strongest Adherence to Corporate Governance”, “Most Improved Inve
Slide 8: Portfolio Review
Portfolio Review
Slide 9: Geographical Network
Geographical Network Portfolio Assets Ireland Citadel 100 Data Centre, Dublin ~S$1.07b United Kingdom comprising 9 data centres in 6 countries GV7 Data Centre, London The Netherlands Visible Pipeline from Sponsor Almere Data Centre, Almere Almere Data Centre 2, Almere [ROFR asset] Germany 3 ROFR ass
Slide 10: Portfolio Expansion in Australia
Portfolio Expansion in Australia Intellicentre 2, Sydney Maiden acquisition five months post-IPO Strengthened market presence in Sydney 20-year lease enhances portfolio’s income stability Intellicentre 2 in Australia 9
Slide 11: First German Acquisition
First German Acquisition maincubes Data Centre, Offenbach am Main Foray into key data centre market in Europe Forward purchase that complements the portfolio Immediately income generating 15-year lease enhances portfolio’s income stability Artist impression of maincubes Data Centre in German
Slide 12: Capital Management
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Slide 13: Prudent Capital Management
Prudent Capital Management Managing Interest Rate Exposure: Locked in interest rates of long-term loans with interest rate swaps Mitigating Impact of Currency Fluctuations: $ Hedged foreign-sourced distributions using foreign currency forward contracts 12
Slide 14: Outlook
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Slide 15: Positive Global Trends
Positive Global Trends Industry fundamentals remain intact, supported by global trends that will further propel data centre demand Cloud traffic1 Mobile data traffic2 +33% +57% CAGR from 2014 to 2019 CAGR from 2014 to 2019 Global e-commerce3 Digital universe4 +17% 10x CAGR from 2014 to 2018 from 2
Slide 16: 1Q 2016 Updates
1Q 2016 Updates $ € £ Delivering Value Engaging Clientele Optimising Capital Structure Distributable Income Portfolio Occupancy Aggregate Leverage +1.0% 92.0% 29.6% against IPO forecast as at 31 Mar 2016 as at 31 Mar 2016 Annualised Distribution Yield Portfolio WALE Interest Coverage 7.22% 8.7 yea
Slide 17: 1Q 2016 Updates [Cont'd]
1Q 2016 Updates [Cont’d] Keppel Corporation’s proposed consolidation of its interests in the REIT Manager under Keppel Capital: o The REIT Manager will Private Equity be able to leverage the Property scale and resources of a One of the largest Pan-Asian commercial REITs listed on SGX Manager o
Slide 18: Thank you
Thank you
Slide 19: Annual General Meeting
Annual General Meeting 14 April 2016 18