Keppel Infrastructure Trust · SGX:A7RU
Keppel Infrastructure Trust — Merger or Acquisition (November 2024)
14 slides from Keppel Infrastructure Trust's merger presentation, Nov 18, 2024
Slide 1: Proposed Acquisition of 50% Equity Interest in Marina East Water Pte. Ltd.
Proposed Acquisition of 50% Equity Interest in Marina East Water Pte. Ltd. which owns the Keppel Marina East Desalination Plant 18 November 2024
Slide 2: Important Notice
Important Notice NOT FOR DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES, EUROPEAN ECONOMIC AREA, CANADA, JAPAN, MALAYSIA, THAILAND OR AUSTRALIA The information contained in this presentation is for information purposes only and does not constitute or form part of, a
Slide 3: Outline
Outline Overview 4 Key Investment Highlights 7 EGM Timetable 12 Constituent of: Awards and Accreditations1: MSCI Singapore FTSE ST Large Small Cap Index & Mid-Cap Index 1. Keppel Infrastructure Fund Management Pte. Ltd. is a signatory to the United Nations-supported Principles for Responsible Invest
Slide 4: Overview
Overview
Slide 5: Transaction Overview
Transaction Overview ▪ Proposed acquisition of 50% equity interest in Marina East Water Pte. Ltd. (“MEW”) which owns Keppel Marina East Desalination Plant (“KMEDP”); the enterprise value of MEW is approximately S$323m. ▪ Following completion, Keppel Infrastructure Holdings Pte. Ltd. (“KIHPL”) and KI
Slide 6: Overview of KMEDP
Overview of KMEDP ▪ Singapore’s fourth desalination plant Description ▪ First and only dual-mode desalination plant in Singapore capable of treating seawater and reservoir water Capacity 137,000m3 per day Owner MEW, a wholly-owned subsidiary of KIHPL Customer / The Public Utilities Board (“PUB”), Si
Slide 7: Key Investment Highlights
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Slide 8: Key Investment Highlights
Key Investment Highlights 1 2 3 Accretive acquisition which Deepens exposure to water High quality and secures long term and treatment solutions in energy-efficient asset stable cash flows Singapore, enhancing the strength and resilience of KIT’s portfolio 8
Slide 9: Accretive Acquisition Securing Long Term and Stable Cash Flows
Accretive Acquisition Securing Long Term and Stable Cash Flows FY 2023 pro forma Distribution per Unit (DPU) to increase by 0.4%1 Funds from Operations1 Long term and stable cash flows which enhances KIT’s cash flow visibility 3.6% ✓ Water Purchase Agreement (“WPA”) with PUB, Singapore’s national Fr
Slide 10: Deepen Exposure to Water Treatment and Enhances Portfolio Resilience
Deepen Exposure to Water Treatment and Enhances Portfolio Resilience Allows KIT to continue to play a critical role in contributing to Singapore’s water security ▪ Strategic addition of KMEDP deepens KIT’s exposure to water treatment solutions in AUM by Business and Assets Singapore, enhancing the s
Slide 11: High Quality and Energy-Efficient Asset
High Quality and Energy-Efficient Asset State of the art, innovative and award-winning facility with one of the most compact footprint Operational flexibility and optimised operational Dissolved Air Flotation (DAF) pre-treatment costs as a dual-mode desalination plant process using fine air bubbles
Slide 12: EGM Timetable
EGM Timetable
Slide 13: Extraordinary General Meeting (EGM) – Indicative Timetable
Extraordinary General Meeting (EGM) – Indicative Timetable Approval sought for Ordinary Resolution Proposed acquisition of a 50% equity interest in MEW that will entitle KIT to the entire economic benefit from MEW, which owns KMEDP, as an interested person transaction Indicative Timetable1 Date Acti
Slide 14: Thank You
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