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 half and full year ended 31 December 2020.
Keppel Infrastructure Trust delivered a 16.9% YoY increase in Group EBITDA and a 19.6% YoY increase in free cash flow to equity for FY 2020
1 Excludes one-off acquisition related cost incurred for Ixom’s acquisition of Medora (S$0.8m), Ixom’s divestment of Latin America and China Life Science businesses (S$16.7m) and Basslink’s arbitration provision (S$76.2m). Group EBITDA is S$282.3m 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
3 Excludes Basslink as KIT does not depend on Basslink’s cash flows for distribution
4 Based on the market closing price per Unit of $0.545 as at 31 December 2020
5 TUR takes into consideration share price performance from 31 December 2019 to 31 December 2020 and DPU declared for FY 2020
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