Keppel Dc Reit · SGX:AJBU
Keppel Dc Reit — Shareholder Meeting (April 2018)
20 slides from Keppel Dc Reit's shareholder meeting presentation, Apr 17, 2018
Slide 1: Keppel DC REIT Annual General Meeting
Keppel DC REIT 17 April 2018 Annual General Meeting 0
Slide 2: Important Notice
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 and assump
Slide 3: Key Highlights
Key Highlights
Slide 4: Portfolio Growth since Listing
Portfolio Growth since Listing maincubes Data Centre2 Keppel DC Dublin 2 Keppel DC Singapore 31 Milan Data Centre Cardiff Data Centre Intellicentre 2 Data Centre 31 Dec 2016 31 Dec 2017 31 Mar 2018 12 Dec 2014 31 Dec 2015 AUM: $1.20b AUM: $1.51b AUM: $1.66b AUM: $1.07b 14 assets AUM: $1.02b across 8
Slide 5: FY 2017 Key Highlights
FY 2017 Key Highlights $ € £ Delivering Building Maintaining Sustainable Growth Resilient Portfolio Financial Flexibility DPU Declared Portfolio Occupancy Aggregate Leverage 7.12 cents 92.6% 32.1% for FY 2017 as at 31 Dec 2017 as at 31 Dec 2017 Unitholder Return Acquisitions Interest Coverage 26.7%
Slide 6: FY 2017 Distribution
FY 2017 Distribution DPU of 7.12 cents declared in FY 2017 Adjusted DPU for FY 2017 would have been 6.97 cents, 4.3% higher than FY 2016’s adjusted DPU of 6.68 cents after adjusting for: Adjusted distribution yield I. a one-off capital distribution Based on FY 2017’s closing price of $1.430 per
Slide 7: Portfolio Expansion
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Slide 8: Building Resilient Portfolio
Building Resilient Portfolio Strengthen Foothold Deepen Presence in Dublin in Singapore 20 January 2017: 12 September 2017: Keppel DC Singapore 3 Keppel DC Dublin 2 Acquisition enhances the Strengthened portfolio with REIT’s offerings to clients in the addition of second data one of the key data
Slide 9: Completion of First German Acquisition
Completion of First German Acquisition 30 March 2018: maincubes Data Centre Expansion of footprint in Europe Commencement of 15-year triple-net lease strengthens and diversifies the REIT’s income streams 8
Slide 10: Geographical Diversification
Geographical Diversification Expanded portfolio provides diversified income streams and enhances sustainability Portfolio AUM Breakdown (as at 31 March 2018) Germany 31 Dec 31 Dec 31 Mar Italy 8.5% As at 3.6% 2016 2017 2018 Ireland 11.3% Singapore AUM $1.20b $1.51b $1.66b 40.6% Netherlands No. of
Slide 11: Diversified & Resilient Portfolio
Diversified & Resilient Portfolio Rental income breakdown for Income stability achieved by a mix of: the month of December 20171 master-leased facilities on long leases By lease type: colocation facilities which provide diverse client profile and lease expiry Ownership of Data Centre Components
Slide 12: Diversified & Resilient Portfolio (Cont'd)
Diversified & Resilient Portfolio (Cont’d) Portfolio WALE remained long Quality data centres that cater at 9.1 years while occupancy to the requirements of the was at 92.6% global clientele Lease expiry profile (by leased area) Rental income breakdown by trade sector1 As at 31 December 2017 69.6
Slide 13: Capital Management
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Slide 14: Prudent Capital Management
Prudent Capital Management Interest rates of long-term loans substantially Managed hedged with interest rate swaps interest rate Early refinanced loans due in 2018 exposure Diversified sources of funding with $500 million MTN Programme established Mitigated Hedged forecasted foreign-sourced
Slide 15: Outlook
Outlook Wi
Slide 16: Positive Fundamentals
Positive Fundamentals Industry fundamentals remain intact, driven by global trends and developments that continue to propel data centre demand Worldwide Data1 @ 10x increase by 2025 Data Criticality1 20% critical; 10% hypercritical by 2025 Mobile Connectivity1 75% of world population by 2025 Sourc
Slide 17: 1Q 2018 Updates
1Q 2018 Updates $ € £ Delivering Engaging Optimising Sustainable Returns Global Clientele Capital Structure Distribution per Unit1 Portfolio Occupancy Aggregate Leverage2 1.80 cents 93.7% 37.4% for 1Q 2018 as at 31 Mar 2018 as at 31 Mar 2018 Annualised Distribution Yield Portfolio WALE Interest Cove
Slide 18: Positioned for Growth
Positioned for Growth Focused on three-pronged strategy to tap growth potential of the data centre industry and deliver sustainable value to stakeholders Ireland Keppel DC Dublin 1, Dublin Keppel DC Dublin 2, Dublin Proactive United Kingdom Asset GV7 Data Centre, London 1 Management Cardiff Data C
Slide 19: Committed to Deliver Value
Committed to Deliver Value Vision: To be the preferred data centre real estate investment trust, serving as a trusted partner to our stakeholders. Mission: Guided by the Keppel Group’s operating principles and core values, we will create value for our investors by growing a quality portfolio of data
Slide 20: Thank you
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