Investor Presentaiton
5
Three-pronged Growth Strategy
1
Organic Growth from Existing Portfolio
2
Keppel Synergy
3 Acquisition Strategy
Solid Stable Base
Stable cash flows
Scale and liquidity
■ Strong balance sheet
Potential Upsides
■ Organic growth of City Gas
Higher penetration of gas
water heaters
- 38,000 new HDB units
expected over 2018-2019;
23,000 new private residential
units from 2018-2020
■ Stable positive contributions
from DataCentre One
■ Basslink
Use all cash flows to
repay debt
■ Potential adjustment in KMC
tolling fees after initial 15-year
period
Keppel Capital
■ Co-investment, bridge financing
and incubation opportunities
■ Non-energy and non-
environmental space asset
management
Keppel Infrastructure
Keppel Group's energy and
environmental infrastructure arm
Operation and maintenance,
as well as development and
industry expertise
■ROFRS for 49% of KMC,
as well as other assets owned
and developed by Sponsor
■Co-investment and incubation
opportunities
KIT New Investments
Assets that generate long term
stable cash flows with some growth
■Singapore and other developed
markets in Asia or Europe
Co-invest with likeminded partners
to reduce ticket size/risk and gain
diversification
■Transaction types:
Availability based assets (utilities,
transmission, storage and
pipelines)
Customised sale and leaseback
transaction
> Inflation + assets (transportation
and telecoms)
■ Selected greenfield investments with
experienced operators, limited
construction exposures and equity
cheque funded entirely by debt
Keppel Infrastructure
Trust
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