28 Jul 2021
Keppel Infrastructure Trust Unaudited Results for the First Half ended 30 June 2021

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 half ended 30 June 2021.

 

Stable 1H 2021 performance supported by defensive assets and businesses

Results Highlights

• Achieved 1H 2021 Group EBITDA of $193.5 million¹ and Free cash flow to equity (FCFE)² of $100.7 million
• Maintained stable distribution per Unit (DPU) of 1.86 cents for 1H 2021, supported by robust operations and growth across the Trust’s portfolio of essential businesses and assets
• Enhance operational continuity with the acquisition of the remaining 30% stake in the SingSpring Desalination Plant
• Issued $300 million 4.3% subordinated perpetual securities under the upsized $2 billion Multicurrency Debt Issuance Programme to refinance borrowings as well as fund potential acquisitions and asset enhancement works

 

 

^{1 _{Excludes one-off acquisition related cost incurred for Ixom’s acquisition of ABP (S$0.7m), Basslink’s arbitration provision (S$23.8m) and the impairment loss on Ixom’s assets in relation to the cessation of operations of a long-term customer (S$17.0m). Group EBITDA is S$152m without the adjustments.}}

^{2 _{Free cash flow to equity (FCFE) is equivalent to distributable cash flow. FCFE is net of trust expenses, distribution paid/payable to perpetual securities holders, management fees and financing costs.}}