Investor Presentaiton

4 Strong Balance Sheet As at 31 December 2017 S$'m Total Excluding Basslink Cash Borrowings 214 162 1,794 1,082 Net debt 1,580 920 Total assets 3,956 2,961 Total liabilities 2,645 1,713 (1) EBITDA 240 176 Net gearing 39.9% 31.1% Net debt/ EBITDA 6.6X 5.2X (1) This differs from the figure of $1,194m stated in the FY2017 results presentation, which had intercompany liabilities subtracted. Sustainable gearing backed by ☑Long term contracts expiring between 2024 and 2046 Creditworthy customers and City Gas' large and stable customer base Recurring and stable revenue streams Keppel Infrastructure Trust 7

View entire presentation