Keppel Infrastructure Trust · SGX:A7RU
Keppel Infrastructure Trust — Shareholder Meeting (April 2025)
20 slides from Keppel Infrastructure Trust's shareholder meeting presentation, Apr 9, 2025
Slide 1: SIAS Dialogue Session
SIAS Dialogue Session 9 April 2025
Slide 2: Outline
Outline FY 2024 Highlights 3 Financial Results 8 Portfolio Review 11 AGM Resolutions 16 Awards and Accreditations1: 1. Keppel Infrastructure Fund Management Pte. Ltd. is a signatory to the United Nations-supported Principles for Responsible Investment, under the membership of Keppel Fund Management
Slide 3: FY 2024 Highlights
FY 2024 Highlights Strong performance supported by new acquisitions and steady portfolio performance Increase in Distributable Income1 Continued Portfolio Growth Growth from Value Creation ($m) 215.6 $9.0b AUM2 Ixom 209.7 +22% YoY +2.8% City Energy Philippine Coastal Storage 2023 2024 & Pipeline Cor
Slide 4: Expansion Across KIT’s Business Segments in FY 2024
Expansion Across KIT’s Business Segments in FY 2024 Accretive acquisitions with stable cashflows supporting long-term growth Energy Transition Environmental Services Distribution and Storage German Solar Portfolio1 Keppel Marina East Ventura Desalination Plant2 Singapore’s first and only dual-mode
Slide 5: Value Creation a Key Differentiation for KIT
Value Creation a Key Differentiation for KIT Driving growth of businesses through focused portfolio optimisation plans Portfolio Optimisation Plans FY 2019 EBITDA EBITDA growth FY 2024 EBITDA Further sharpen business A$130.2m1 + 54% A$200.3m1 Pursue bolt-on opportunities Leverage on strategic
Slide 6: Driving Portfolio Growth through Acquisitions and Value Creation
Driving Portfolio Growth through Acquisitions and Value Creation Well-positioned for growth Expand into transportation infrastructure 2023-2024 milestones Acquisition of Ventura Made 1st solar investment German Solar Portfolio Jun 2024 Dec 2024 Jan 2024 Concession and CTA extensions Dec 2023 Dec 202
Slide 7: Voluntary Independent Portfolio Valuation
Voluntary Independent Portfolio Valuation Portfolio AUM of $9.0b1 with new acquisitions and value creation initiatives Y-o-y AUM growth of 22% driven by new acquisitions and growth in existing businesses A resilient and diversified portfolio AUM (S$) By Business and Assets By Geography Australia and
Slide 8: Financial Results
Financial Results City Energy
Slide 9: FY 2024 Distributable Income (DI)
FY 2024 Distributable Income (DI) Contribution from new acquisitions and resumption of KMC DI S$’000 FY 2024 FY 2023 +/(-) % Energy Transition 146,563 147,706 (0.8) Environmental Services 69,968 83,728 (16.4) Distribution & Storage 99,255 73,092 35.8 Asset Subtotal 315,786 304,526 3.7 Corporate (115
Slide 10: Balance Sheet
Balance Sheet Building a strong balance sheet to support growth Balance Sheet (S$’m) 31 Dec 2024 31 Dec 2023 Cash 457 483 72.9% Fixed and Borrowings 2,989 2,717 Hedged Debt1 Net debt 2,532 2,234 Total assets 6,270 5,617 71.0% Total liabilities 4,262 3,785 Foreign currency distributions hedged Net De
Slide 11: Portfolio Review
Portfolio Review Borkum Riffgrund 2
Slide 12: Largest SGX-listed Infrastructure Business Trust
Largest SGX-listed Infrastructure Business Trust1 Providing exposure to the resilient and growing global infrastructure sector $9.0b AUM Essential >10 mature economies Portfolio of scale providing global businesses and assets Focused on investment grade jurisdictions with well-developed regulatory f
Slide 13: Leveraging on the Sustainable Infrastructure Theme
Leveraging on the Sustainable Infrastructure Theme Secular growth trends driving investment in KIT’s key business segments Secular Growth Trends KIT’s Business Segments Energy Transition Energy Rapid Digitalisation Transition Urbanisation Digital Distribution Sustainable & Storage Infrastructure Dec
Slide 14: Optimising Portfolio Through Value Creation
Optimising Portfolio Through Value Creation Unlocking value of evergreen portfolio by asset recycling 1 Acquisition Leveraged to secular growth trends 1 1 Growth and 2 and/or aligned with sponsor Value Creation Keppel’s operational expertise Driving portfolio performance with Acquisition Value Expec
Slide 15: Advancing a Sustainable Future
Advancing a Sustainable Future Environmental Stewardship Responsible Business People and Community Emissions Reduction Target MSCI ESG Ratings Diversity and Inclusion 37.5% 1 Net Zero ‘A’ rating Scope 1 and 2 greenhouse gas (GHG) achieved in the MSCI ESG Ratings female Board representation, above th
Slide 16: AGM Resolutions
AGM Resolutions Keppel Merlimau Cogen
Slide 17: AGM Resolutions
AGM Resolutions MANAGEMENT PROPOSALS Item Proposal As Ordinary Business 1 Adopt Trustee-Manager's Statement, Financial Statements and Directors' and Independent Auditors' Reports 2 Approve KPMG LLP as Auditors and Authorise Trustee-Manager to Fix Their Auditor's Remuneration 3 Elect Khor Poh Hwa as
Slide 18: Resolution 9: To Approve the Proposed KIHPL Placement Mandate
Resolution 9: To Approve the Proposed KIHPL Placement Mandate The Proposed KIHPL Placement Mandate When KIT announces acquisitions, such acquisitions may be funded using a mix of debt and equity, and KIT’s sponsor KIHPL would participate in any such equity placements to maintain its stake in KIT.
Slide 19: Resolution 9: Rationale for the Proposed KIHPL Placement Mandate
Resolution 9: Rationale for the Proposed KIHPL Placement Mandate Reducing time and cost for Illustrative Timeline of Fundraising Process funding potential acquisitions Reduces time and cost for funding potential acquisitions KIT announces an EGM held for Launch and closing as no EGM needs to be ac
Slide 20: Thank You
Thank You www.kepinfratrust.com Connect with us on: City Energy
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