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15-July-2019
Keppel Infrastructure Trust Unaudited Results for the Second Quarter and Half Year Ended 30 June 2019

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 second quarter and half year ended 30 June 2019.

Keppel Infrastructure Trust delivered a 30.0% YoY increase in distributable cash flow for 1H 2019

Results Highlights

  • Distributable cash flow (DCF) for the second quarter of 2019 (2Q 2019) was $45.8 million, bringing DCF for the first half of 2019 (1H 2019) to $94.2 million1, a 26.3% and 30.0% year-on-year (YoY) increase over the corresponding periods in 2018 respectively.
  • Distribution per Unit (DPU) was 0.93 cents for 2Q 2019, bringing 1H 2019 DPU to 1.86 cents, translating to an annualised distribution yield of 7.4%2.
  • Successfully issued $300 million 4.75% Subordinated Perpetual Securities under a newly established $1 billion multicurrency debt programme. Part of the proceeds were used to fully repay the remaining equity bridge loan3 (EBL) and other loans, improving the Trust's gearing to 34.2%.

 


1  Excludes Basslink as KIT does not depend on Basslink's cash flows for distribution
2  Based on the market closing price per Unit of $0.505 as at 30 June 2019
3  The equity bridge loan (EBL) was used to partially fund the acquisition of Ixom, a portion of the EBL was repaid with proceeds from the equity fund raising that was completed on 15 April 2019

 


Attachments:

 

Download - Financial Highlights
Download - Unaudited Results
Download - Financial Results Presentation


For more information, please contact:

Media
Ms Ariel Tee
Executive
Group Corporate Communications
Keppel Corporation
Tel: (65) 6413 6424 
Email: ariel.tee@kepcorp.com
Investor Relations
Mr Bryan Sim
Deputy Manager
Investor Relations
Keppel Capital
Tel: (65) 6803 1851
Email: bryan.sim@kepcapital.com

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