Keppel DC REIT · SGX:AJBU
Keppel DC REIT — 1Q 2021 Earnings Presentation
22 slides from Keppel DC REIT's earnings presentation, Apr 26, 2021
Slide 1: April 2021 Investor Presentation
April 2021 Investor Presentation 26 April 2021
Slide 2: Contents
Contents ▪ Overview 3 ▪ 1Q 2021 Operational Updates 7 ▪ Outlook 12 ▪ Additional Information 16 Constituent of: Awards and Accreditations: FTSE Straits FTSE EPRA Nareit MSCI Singapore GPR 250 Times Index Global Developed Index Small Cap Index Index Series 2
Slide 3: Overview
Overview CEryT4] DC REIT 3f
Slide 4: Steady Portfolio Growth Since Listing
Steady Portfolio Growth Since Listing Keppel DC Dublin 1 Keppel DC Remaining 999- Kelsterbach Amsterdam Intellicentre year leasehold Data Centre Data Centre Singapore 4 land interest 3 East Data DC1 Keppel DC Centre maincubes Singapore Cardiff Keppel DC Data Centre 5 Milan Keppel DC Dublin 2 Data Da
Slide 5: Portfolio Overview
Portfolio Overview ▪ Quality data centres that meet the requirements of a global clientele By Top 10 Customers ̶ Colocation facilities provide diverse client profile and lease expiry (for the month of March 20211) ̶ Fully-fitted and shell & core facilities provide income stability with typically lon
Slide 6: Key Highlights for FY 2020
Key Highlights for FY 2020 Total Unitholder returns of ▪ Strong financial performance supported by new acquisitions 38.4% in FY 2020 and DPU increased 20.5% y-o-y to 9.170 cents while distributable income increased 38.6% to $156.9m in FY 2020 311.6% since listing as at 31 Dec 2020 ▪ Proactive asset
Slide 7: 1Q 2021 Operational Updates
1Q 2021 Operational Updates 7
Slide 8: Key Highlights for 1Q 2021
Key Highlights for 1Q 2021 Continued to deliver healthy financial performance Distributable income1 and DPU2 for 1Q 2021 was up 17.5% and 18.1% y-o-y respectively, supported by contributions from accretive acquisitions and asset enhancement initiatives in 2020 Value creation through portfolio optimi
Slide 9: Financial Updates
Financial Updates Continued to Deliver Healthy Returns Distribution per Unit (cents) ($’000) 1Q 2021 1Q 2020 % Change 3.000 +18.1% 2.462 Gross Revenue 66,685 60,272 +10.6 2.085 2.000 Net Property Income 60,989 55,443 +10.0 1.000 Distributable Income1 42,029 35,781 +17.5 1Q 2020 1Q 2021 Distribution
Slide 10: Financial Updates: Prudent Capital Management
Financial Updates Prudent Capital Management Debt Maturity Profile As at 31 Mar 2021 11.7% 10.7% 22.9% Gore Hill Data Centre 5.3% 13.8% 6.8% 9.1% 5.6% 1.8% 6.2% 5.0% 1.1% 2021 2022 2023 2024 2025 2026 SGD AUD GBP EUR ▪ Proactively manage interest rate exposure, with 67% of loans hedged with floating
Slide 11: Business Updates
Business Updates Portfolio Updates ▪ Proactively engaging tenants for lease renewals in 2021 ▪ Development of Intellicentre 3 East Data Centre (IC3 East DC) progressing as planned • New 20-year triple net master lease with Macquarie Data Centres for Intellicentre 2 Data Centre and IC3 East DC to com
Slide 12: Outlook
Outlook CEryT4] DC REIT 12
Slide 13: Industry Outlook
Industry Outlook Strong and Resilient Data Centre Demand ▪ Notwithstanding the pandemic, hyperscalers’ spendings on colocation data centres increased 25% in 2020, of which 70% was met by colocation providers1 ▪ Global colocation market is expected to grow by 16% in 2021, largely spurred by growth in
Slide 14: Well-positioned for Growth
Well-positioned for Growth Strategic Direction Resilient asset class with long-term growth visibility, proxy to fast growing technology sector The Manager will continue to capitalise on growth Highly defensive and sustainable income stream opportunities in the data centre industry, Strong operationa
Slide 15: Thank You
Thank You Important Notice: The past performance of Keppel DC REIT is not necessarily indicative of its future performance. Certain statements made in this presentation may not be based on historical information or facts and may be “forward-looking” statements due to a number of risks, uncertainties
Slide 16: Additional Information
Additional Information [C4 DC REIT 16
Slide 17: Commitment to Sustainability
Commitment to Sustainability ENVIRONMENTAL RESPONSIBLE PEOPLE AND STEWARDSHIP BUSINESS COMMUNITY In line with Keppel’s Vision 2030, we will do The long-term sustainability of our business People are the cornerstone of our business. our part to combat climate change, and are is driven at the highest
Slide 18: Portfolio Overview (as at 31 Mar 2021)
Portfolio Overview (as at 31 Mar 2021) Attributable No. of Occupancy WALE Location Interest lettable area Valuation2 Lease type Land lease title clients1 rate (%) (years)3 (sq ft) Asia Pacific Leasehold Keppel lease / Keppel DC Singapore 1 Singapore 100% 109,721 24 90.3 S$298.0m 3.8 (Expiring 30 Sep
Slide 19: Portfolio Overview (as at 31 Mar 2021)
Portfolio Overview (as at 31 Mar 2021) Attributable lettable No. of Occupancy WALE Location Interest Valuation2 Lease type Land lease title area (sq ft) clients1 rate (%) (years)3 Sydney, A$59.0m Triple-net Intellicentre 2 Data Centre 100% 87,930 1 100.0 14.4 Freehold Australia (S$60.9m) (Shell & co
Slide 20: Overview of Lease Arrangements
Overview of Lease Arrangements Responsibilities of Owner Maintenance Insurance Lease Property Asia Pacific Description Building Refresh Arrangement Capex Opex Tax Keppel lease1 / ◼ Client: Pays rent Keppel DC Singapore 1 ✓ ✓ ✓ ✓ Colocation2 ◼ Owner: Bears all expenses; responsible for facilities man
Slide 21: Overview of Lease Arrangements
Overview of Lease Arrangements Responsibilities of Owner Maintenance Lease Insurance Europe Description Property Building Arrangement Refresh Capex Opex Tax Cardiff Data Centre Triple-net lease ◼ Client: Pays rent and all outgoings; responsible for facilities management - - - - GV7 Data Centre Tripl
Slide 22: Keppel DC REIT Structure
Keppel DC REIT Structure as at 31 Dec 2020 Keppel Keppel Capital Telecommunications & Transportation Institutional and The REIT Manager can leverage The REIT Manager can leverage Public Investors the scale and resources of a larger the Sponsor‘s expertise and track asset management platform record i