Keppel Infrastructure : Unaudited Results for the First Quarter Ended 31 March 2015

KEPPEL INFRASTRUCTURE TRUST

The Directors of Keppel Infrastructure Fund Management Pte Ltd, as Trustee-Manager of Keppel Infrastructure Trust, advise the following results of Keppel Infrastructure Trust for the first quarter ended 31 March 2015.

These figures have not been audited.

1Q2015 RESULTS HIGHLIGHTS

1. Cash generated from operations was $13.5 million for 1Q 2015 compared to $14.4 million for 1Q 2014. The lower cash generated from operations was mainly due to the transaction costs paid in relation to the proposed transaction with CitySpring Infrastructure Trust and the acquisition of a 51% stake in Keppel Merlimau Cogen Pte Ltd.

2. Group revenue for 1Q 2015 was $16.6 million, 1.1% lower than 1Q 2014. Operation and maintenance income was $12.8 million, 0.5% higher compared to 1Q 2014.

3. Profit after tax for 1Q 2015 was $4.3 million, resulting in earnings per unit (EPU) of 0.68 cents for the quarter, which was 21.4% higher compared to 1Q 2014 due to lower electricity costs and lower trust expenses.

4. Net asset value per unit as at 31 March 2015 was $0.90 compared to $0.94 as at 31 December 2014, mainly due to the distribution payment of 4.69 cents per unit on 13 February 2015.

Attachment:

Download - KIT 1Q2015 Results

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