Investor Presentaiton
Key Results Highlights
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Grew FY 2020 Group EBITDA¹ by 16.9% YoY and free cash flow to equity (FCFE) 2 by 19.6% YoY
Achieved 2H 2020 Group EBITDA of $174.6m', bringing FY 2020 EBITDA to $376.0m³, up 16.9% YoY.
FCFE² for 2H 2020 was $112.4m, bringing FCFE2 for FY 2020 to $225.7m, up 19.6% YoY.
Achieved payout ratio of 82%; DPU of 3.72 cents for FY 2020
Declared DPU of 1.86 cents for 2H 2020, bringing FY 2020 DPU to 3.72 cents. Payout ratio of 82% allows
for capital reinvestments into growth initiatives that will deliver long-term returns.
Acquisition of Philippine Tank Storage International (Holdings) Inc. (PTSI)
PTSI owns Philippine Coastal Storage and Pipeline Corporation, the largest petroleum product storage
facility in the Philippines with strong growth prospects. The acquisition was completed on 29 January 2021.
Preserved low gearing of 32.1%
Comfortable debt headroom to pursue growth opportunities.
Maintained operational excellence and readiness in 2020
All businesses and assets are essential services and continued to operate throughout the COVID-19
pandemic.
1. Excludes one-off acquisition related cost incurred for Ixom's acquisition of Medora (S$0.8m), Ixom's divestment of Latin America and China Life Science businesses (S$16.7m)
and Basslink's arbitration provision (S$76.2m). Group EBITDA is S$282.3m without the adjustments
2. FCFE is equivalent to distributable cash flow. FCFE is net of trust expenses, distribution paid/payable to perpetual securities holders, management fees and financing costs
KIT
KEPPEL
TRUST
INFRASTRUCTURE
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