Investor Presentaiton
Proactive & Prudent Capital
Management
Aggregate leverage at 39.5% with 76% of borrowings
on fixed rates
AUD, KRW and JPY denominated loans formed ~17%,
~4% and ~3% of total portfolio borrowings (1)
respectively
Sustainability-focused funding constituted 68% of
total borrowings (1)
Access to ~$1 billion of available borrowing facilities
(1) This includes Keppel REIT's share of external borrowings accounted for at the
level of associates.
(2) Defined as trailing 12 months earnings before interest, tax, depreciation and
amortisation (EBITDA) (excluding effects of any fair value changes of
derivatives and investment properties, and foreign exchange translation), over
trailing 12 months interest expense and borrowing-related fees.
Defined as trailing 12 months EBITDA (excluding effects of any fair value
changes of derivatives and investment properties, and foreign exchange
translation), over trailing 12 months interest expense, borrowing-related fees
and distributions on hybrid securities.
(3)
(4) Refers to changes to SORA and BBSW for applicable loans on floating rates.
(5) Computed based on DPU of 5.92 cents for FY 2022.
(6)
The $88m loan will be refinanced with existing available facilities.
(7)
Initiated refinancing discussion with respective lenders for majority of debt.
As at 30 Sep 2023
3.3x
2.9x
Interest Coverage Ratio (2)
Adjusted Interest Coverage Ratio (3)
All-in Interest Rate
Aggregate Leverage
Weighted Average Term to Maturity
Borrowings on Fixed Rates
Sensitivity to Interest Rates(4)
Debt Maturity Profile
(As at 30 Sep 2023)
22%
54m
75m
21%
2.85% p.a.
39.5%
2.7 years
76%
+50 bps
=
~0.12 cents/~2.0% (5) in DPU p.a.
29%
150m
16%
36m
10%
905m
TMK bond:
(7)
775m
671m
2m 2%
561m
366m
88m
2023(6)
Bank loans
2024
2025
2026
2027
2028
5-year convertible bonds at 1.9%
(Issued in Apr 2019)
$150m 7-year MTN at 2.07%
(Issued in Sep 2021)
TMK bond
6
$75m 7-year MTN at 3.275%
(Issued in Apr 2017)View entire presentation