Investor Meetings in Singapore and Hong Kong

9 - 14 October 2019

Outline

  • Introduction
  • Proposed Acquisitions of KDC SGP 4 and DC1
  • Additional Information

Important Notice: The past performance of Keppel DC REIT is not necessarily indicative of its future performance. Certain statements made in this presentation may not be based on historical information or facts and may be "forward-looking" statements due to a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, competition from similar developments, shifts in expected levels of property rental income, changes in operating expenses, including employee wages, benefits and training, property expenses and governmental and public policy changes, and the continued availability of financing in the amounts and terms necessary to support future business.

Prospective investors and unitholders of Keppel DC REIT ("Unitholders") are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of Keppel DC REIT Management Pte. Ltd., as manager of Keppel DC REIT (the "Manager") on future events. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information, or opinions contained in this presentation. None of the Manager, the trustee of Keppel DC REIT or any of their respective advisors, representatives or agents shall have any responsibility or liability whatsoever (for negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation. The information set out herein may be subject to updating, completion, revision, verification and amendment and such information may change materially. The value of units in Keppel DC REIT ("Units") and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, the Manager or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested.

Investors have no right to request the Manager to redeem their Units while the Units are listed. It is intended that Unitholders may only deal in their Units through trading on Singapore Exchange Securities Trading Limited ("SGX-ST"). Listing of the Units on SGX-ST does not guarantee a liquid market for the Units.

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Introduction

Highlights for 1H 2019

Investment merits

  • Proxy to fast-growing data centre sector
  • Resilient income stream
  • Focused investment strategy
  • Prudent capital management

Steady DPU growth since listing

Stable income stream with portfolio occupancy of 93.2% and long WALE of 7.8 years

Constituent of the

FTSE EPRA Nareit

Global Developed

Index

Low aggregate leverage of 31.9% provides financial flexibility to pursue growth

Limited interest rate exposure with 80% of borrowings hedged over the entire loan term

  • Forecasted foreign- sourced distributions hedged till 2H 2020 through foreign currency forward contracts

1. Aggregate Leverage was computed based on gross borrowings as a percentage of the deposited properties, both of which do not take into consideration the lease liabilities pertaining

to land rent commitments for iseek Data Centre and Keppel DC Dublin 1.

4

Portfolio Growth since Listing

Keppel DC

Keppel DC

maincubes

Keppel DC

Intellicentre 3

Keppel DC

DC located at 18

Singapore 3

Dublin 2

Singapore 4

Riverside Road

Data Centre

Singapore 5

East Data Centre

(KDC SGP 4)2

Singapore (DC1)2

Cardiff Data Centre

Milan Data Centre

Post-completion

Intellicentre 2

31 Dec 2018

AUM: $2.6b1

Data Centre

31 Dec 2016

31 Dec 2017

AUM: $2.0b1

17 assets

31 Dec 2015

AUM: $1.5b

AUM: $1.2b

across 8 countries

12 Dec 2014 AUM: $1.1b

AUM: $1.0b

IPO with 8 assets across 6 countries

1.

Exclude Intellicentre 3 East Data Centre which is expected to be completed in 2020

2.

Proposed acquisitions expected to be completed in 4Q 2019.

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Keppel Telecommunications & Transportation Ltd. published this content on 08 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 October 2019 11:09:02 UTC