27 Jul 2022
Keppel Infrastructure Trust Unaudited Results for the First Half ended 30 June 2022

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 2022.

 

Keppel Infrastructure Trust recorded 2.7% YoY growth in DPU to 1.91 cents for 1H 2022

Results Highlights

• DPU growth supported by higher Group EBITDA, which increased by 10.2% year-on-year (YoY) to $172.6 million¹ in 1H 2022
• Making headway into the renewable energy market with the proposed investment in an onshore wind energy portfolio across the Nordics and the United Kingdom, marking KIT’s first investments in Europe
• Completed the acquisition of the remaining 30% stake in the SingSpring Desalination Plant and signed non-binding term sheet to acquire 50% interest in the Keppel Marina East Desalination Plant
• Diversified funding with the issuance of $250 million notes in May 2022 as part of the $2 billion Multicurrency Debt Issuance Programme
• Portfolio well-positioned against inflation and higher energy prices due to cost pass through mechanism and availability-based revenue mode

 

^[1] _{Exclude Basslink, which entered Voluntary Administration on 12 November 2021. The operations of Basslink is presently under the control of the receiver and manager appointed by the lenders.}