Keppel Infrastructure Trust : Citi-SGX-REITAS REITs & Sponsors Forum

Citi-SGX-REITAS

REITs & Sponsors Forum

25 August 2021

Outline

1 Overview of Keppel Infrastructure Trust (KIT)	3
2	1H 2021 Financial Results	8
3	Additional Information	17

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Overview of KIT

Ixom

KIT: Largest Singapore-listed Diversified Business Trust

• The largest diversified Business Trust listed in Singapore with a portfolio of strategic businesses and assets that provide essential products and services
• Long-termgrowth and sustainable cash flows supported by defensive evergreen businesses, as well as AAA Singapore Government-linked off-takers,creditworthy counterparties and a large well-diversifiedcustomer base
• All businesses and assets are essential services and continued to operate throughout the COVID-19 pandemic with no operational disruptions

Difference between Business Trusts and REITs

						Business Trusts	REITs
	Asset Class					•	No restriction	•	Real estate
	Depreciation/Revaluation					• No impact on distribution payout	• No impact on distribution payout
						•	None	•	50%
	Gearing Limit
						• Subject to income tax
	Taxation					• Exemption for income from Qualifying	•	Tax transparent
							Project Debt Securities (QPDS)
			TAX

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Highly Defensive Portfolio Delivering Stable Cash Flows

Portfolio of strategic businesses and assets

across a broad range of highly defensive industries that delivers long-termsustainable cash flows to Unitholders

Distribution & Network

• City Gas
• Ixom
• Philippine Coastal
• Basslink

Energy

• Keppel Merlimau Cogen Plant (KMC)

Waste & Water

• Senoko Waste-to-Energy Plant
• Tuas Waste-to-Energy Plant
• Ulu Pandan NEWater Plant
• SingSpring Desalination Plant

Strategic businesses and assets with potential for long-term growth supported by favourable demand dynamics

Stable and resilient infrastructure assets anchored by concession contracts that are backed by government and government-linked corporations

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