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Keppel Q3 2026 Business Update Presentation

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Keppel Ltd. 3Q & 9M 2026 Business Update presentation (29 October 2026), lodged with the Singapore Exchange (SGX): net profit, asset management growth, asset monetisation and divisional updates for Infrastructure, Real Estate and Connectivity.

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Keppel
Keppel Ltd
3Q 2026
9M 2026
Business update

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คำอธิบาย

หัวข้อหลัก

Keppel Ltd. 3Q & 9M 2026 Business Update presentation (29 October 2026), lodged with the Singapore Exchange (SGX): net profit, asset management growth, asset monetisation and divisional updates for Infrastructure, Real Estate and Connectivity.

ประโยชน์หลัก

  • •Concise 16-slide view of Keppel's 3Q and 9M 2026 performance
  • •Clear KPI callouts, stacked column charts and data tables
  • •Divisional updates with glossary of defined terms

กลุ่มเป้าหมาย

  • •Equity analysts and investors
  • •Investor relations and corporate communications teams
  • •Finance professionals building business update decks

กรณีการใช้งาน

  • •Reviewing Keppel's Q3 2026 business update
  • •Benchmarking quarterly update layouts for infrastructure, real estate and asset management companies
  • •Layout reference for investor presentations

ข้อเสนอมูลค่าเฉพาะ

  • •Business-update format used by Singapore companies for Q1 and Q3
  • •Combines asset management, monetisation and division-level data in few slides

หน้าสไลด์ (16)

มุมมองรายละเอียดของแต่ละหน้าสไลด์ รวมถึงlayout เนื้อหาหลักและองค์ประกอบภาพ

หน้า 1
Title slide

3Q & 9M 2026 Business Update (cover)

เนื้อหา

Cover slide of Keppel Ltd.'s 3Q & 9M 2026 Business Update, dated 29 October 2026.

โครงสร้าง Layout

Large serif title and date top-left over a full-bleed photograph; Keppel logo in a grey box at top right.

องค์ประกอบภาพหลัก

  • •Sunset photograph of a port crane, modern office building and energy plant
  • •Keppel logo
  • •Date 29 October 2026
หน้า 2
Executive summary / highlights

Highlights of 3Q & 9M 2026

เนื้อหา

Net profit of the New Keppel was close to 15% higher yoy in 3Q26 and more than 20% higher yoy in 9M26. Asset management: the S$100b FUM target was surpassed by Jul 2026 with S$19.5b of new FUM added in YTD 2026; asset management fees grew 18% yoy to S$354m in 9M26; 9M26 net profits from asset management and SSCI grew 30% and 2.9x yoy. S$3.7b of asset monetisations announced in YTD 2026; approx. S$940m completed and realised with another approx. S$600m targeted by end-2026. Energy and digital infrastructure: appointed biomethane aggregator, secured FBO licence for Kruger Subsea Cable System and 50 MW of new data centre capacity in Singapore. Footnotes define new FUM raised and Facilities-Based Operator.

โครงสร้าง Layout

Title with a bulleted list of bold headline statements and indented sub-bullets; light blue footer band with footnotes.

องค์ประกอบภาพหลัก

  • •Bold lead-in phrases
  • •Sub-bullets with figures
  • •Footnotes
หน้า 3
KPI summary

Robust performance in 3Q and 9M 2026

เนื้อหา

Two outlined KPI boxes. Net profit: close to 15% higher yoy in 3Q26 (stronger Connectivity earnings and steady Infrastructure contributions) and more than 20% higher yoy in 9M26 (stronger Infrastructure and Connectivity earnings growth). Recurring income: more than 10% higher yoy in 9M26 with improvements across asset management, SSCI and the operating platform. Below: 3Q26 overall net profit including Non-Core Portfolio for Divestment and Discontinued Operations was 20% higher yoy; 9M26 overall net profit was 40% lower yoy due to a 4% reduction in gross asset value of non-core assets on the books, mainly impairments, depreciation, operating and holding costs.

โครงสร้าง Layout

Two bordered boxes with floating labels (NET PROFIT, RECURRING INCOME) and large teal percentages; dashed divider; two paragraphs of commentary underneath.

องค์ประกอบภาพหลัก

  • •Large teal percentage callouts
  • •Boxed section labels
  • •Dashed divider line
หน้า 4
Key metrics / big numbers

Driving asset monetisation

เนื้อหา

Keppel exceeded its full-year announced asset monetisation target of S$2-3b. Announced transactions: S$3.7b YTD 2026, including the proposed divestment of Keppel South Central. Completed and realised: c.S$940m YTD 2026, with Keppel aiming to pay out 10-15% as special dividends for FY26, plus c.S$600m pending completion of monetisation of the first six legacy rigs, targeted by end-2026. Footnote: the retained 49% in Keppel South Central will be reclassified to the New Keppel's Core portfolio on completion of the 51% sale to Keppel REIT.

โครงสร้าง Layout

Header with italic subtitle; upper white band with one big number; lower pale-blue band with two big numbers joined by a plus sign.

องค์ประกอบภาพหลัก

  • •Large figures S$3.7b, c.S$940m, c.S$600m
  • •Teal plus sign
  • •Two-tone background bands
หน้า 5
Strategy / text with callout banner

Update on monetisation of legacy rigs

เนื้อหา

Demand for rigs is stronger amid higher utilisation, structural supply constraints, an ageing global fleet and a focus on energy security. Phased completion of four work-in-progress offshore rigs: a drillship and a harsh environment jackup to be completed by Seatrium in 2027 and 2028 respectively; construction plans for the remaining two harsh environment semisubmersibles being assessed. Part of a programme to progressively monetise up to 10 legacy rigs through the Keppel Offshore Fund, managed by Keppel and co-invested with Apollo as Limited Partner.

โครงสร้าง Layout

Italic subtitle, teal parallelogram banner heading and three spaced bullet points; footnote on conditions and opt-out right.

องค์ประกอบภาพหลัก

  • •Teal slanted banner
  • •Three bullets
หน้า 6
Data visualization (stacked column chart)

Accelerating growth in asset management

เนื้อหา

Surpassed the S$100b FUM target ahead of schedule; S$19.5b new FUM added in YTD 2026; Keppel and Apollo to explore large-scale private capital solutions in Asia Pacific with Keppel as General Partner. Stacked column chart of asset management fees: 9M25 S$299m (Infrastructure 54, Real Estate 204, Connectivity 41) versus 9M26 S$354m (Infrastructure 107, Real Estate 195, Connectivity 52), up 18%. Side metrics: acquisitions S$4.5b in 9M26, divestments S$3.5b in 9M26, deal flow pipeline S$23b.

โครงสร้าง Layout

Left outlined callout panel, centre stacked column chart with growth arrow bubble and legend, right column of three stacked metrics.

องค์ประกอบภาพหลัก

  • •Stacked column chart 9M25 vs 9M26
  • •18% growth arrow
  • •Teal outlined panel
  • •Metric list
หน้า 7
Business segment update

Sustaining strong performance in Infrastructure

เนื้อหา

The Operating Division improved yoy in 9M26. Integrated Power Business: 9M26 EBITDA up 7% yoy; 43% of power capacity contracted for 3 years and above; progressing cross-border power interconnections and commercialisation of low-carbon fuels including biomethane and ammonia. Decarbonisation & Sustainable Solutions: S$8.1b of long-term contracted revenue giving cash flow visibility over 10-15 years; building a portfolio of long-duration, inflation-linked tariff structures; pursuing a S$15b pipeline across cooling, bioenergy and waste solutions. Photo caption: the 600 MW Keppel Sakra Cogen Plant is fully operational with capacity fully contracted through 2027.

โครงสร้าง Layout

Photo with caption on the left; two headed bullet sections with highlighted teal figures on the right.

องค์ประกอบภาพหลัก

  • •Photo of Sakra Cogen Plant
  • •Teal highlighted figures
  • •Captioned image
หน้า 8
Capabilities / 2x2 grid

Advancing the digital infrastructure stack

เนื้อหา

Four panels under an integrated energy and digital infrastructure platform. Low carbon energy: appointed aggregator for 120 MW of biomethane under Singapore's Biomethane Sandbox for 15 years; partnering with government agencies and data centre operators on EaaS for the Jurong Island DC roadmap. Data centres: secured 50 MW of capacity under DC-CFA2, to be funded by KDCF III and co-investors. Subsea cables: secured FBO licence for the Kruger Cable System connecting Singapore to the Middle East with branches serving South Asia. Tech solutions: Keppel Technology Solutions revenue expanded to above S$900m in 9M26 and EBITDA grew 110% yoy.

โครงสร้าง Layout

Subtitle over a pale-blue band; 2x2 grid of panels, each with a labelled thumbnail image and text, separated by teal rules.

องค์ประกอบภาพหลัก

  • •Four labelled thumbnails (LOW CARBON ENERGY, DATA CENTRES, SUBSEA CABLES, TECH SOLUTIONS)
  • •Teal top rules
  • •Bold key phrases
หน้า 9
Section divider

Appendix (section divider)

เนื้อหา

Section divider introducing the appendix.

โครงสร้าง Layout

Large photograph on the left, 'Appendix' in large serif type at bottom right; Keppel logo bottom left of image.

องค์ประกอบภาพหลัก

  • •Photo of two professionals in a data centre
  • •Keppel logo
หน้า 10
Data visualization / division update

Infrastructure Division updates

เนื้อหา

Integrated Power Business: biomethane aggregator for 120 MW appointed for 15 years; stacked column chart of power contract tenure: end-2025 <1 year 5%, 1-3 years 28%, 3-10 years 52%, >10 years 15%; end-Sep 2026 8%, 49%, 29% and 14%. Decarbonisation & Sustainable Solutions: trailing twelve-month book-to-bill ratio of 3.5x; new long-term contracts in Singapore, China, India, Thailand and Vietnam; deepening strategic partnerships. Aerial map of district cooling sites: Biopolis DCS 106 MWt / 30 kRT, FP2A Plant 42 MWt / 12 kRT, Mediapolis DCS 98 MWt / 28 kRT. IWMF updates: Hong Kong 98% completed (15-year O&M contributes to recurring income by end-2026); Tuas Nexus 87% completed, testing and commissioning from 4Q26.

โครงสร้าง Layout

Two grey column headers; left bullets with stacked column chart; right bullets with annotated aerial map; IWMF bullets below.

องค์ประกอบภาพหลัก

  • •Stacked column chart of contract tenure
  • •Annotated aerial map with red labels
  • •Grey section headers
หน้า 11
Data table

Real Estate Division updates

เนื้อหา

Announced over S$2.4b of real estate monetisation YTD 2026, including a 40% stake in Empire City in Vietnam and 51% of Keppel South Central in Singapore. Residential landbank as at end-Sep 2026: 31,001 units in total (Singapore 86 / 1%, China 13,366 / 43%, Vietnam 10,016 / 32%, Indonesia 4,415 / 14%, India 3,118 / 10%). Commercial portfolio GFA: 1,569,860 sm in total (Singapore 60,370 / 4%, China 538,070 / 34%, Vietnam 401,210 / 26%, India 273,540 / 17%, Indonesia 153,800 / 10%, Other SEA 103,100 / 7%, South Korea 39,770 / 2%); about 41% of commercial GFA is under development.

โครงสร้าง Layout

Left bullet; two stacked tables on the right with dark grey headers and bold total rows.

องค์ประกอบภาพหลัก

  • •Two data tables by country
  • •Bold total rows
หน้า 12
Data table / comparison

Connectivity Division updates

เนื้อหา

Portfolio spans 39 data centres across Asia Pacific and Europe with gross power capacity of about 900 MW (60% operational). Awarded 50 MW under DC-CFA2; Floating Data Centre construction on track. Keppel Technology Solutions secured S$615m of new contracts in 9M26 across Singapore, Malaysia and Vietnam; total contract pipeline S$1.4b over the next five years. Table as at end-Sep 2026: Keppel DC REIT owns 27 assets, 2,872,251 sq ft attributable lettable area, valuation about S$7.6b; Keppel and private funds own/develop 12 assets, 2,022,800 sq ft, valuation S$2.4b. Both in Asia Pacific and Europe. Seven footnotes give definitions.

โครงสร้าง Layout

Left bullets with bold subheading; right comparison table with dark header; dense footnote block.

องค์ประกอบภาพหลัก

  • •Two-column comparison table
  • •Footnotes i-vii
หน้า 13
Data table

Asset monetisation programme

เนื้อหา

Left table: asset monetisation announced since the programme started in Oct 2020, by year (S$m): 2020 1,238; 2021 1,666; 2022 1,515; 2023 5,685; 2024 1,525; 2025 1,590; YTD 2026 3,727; total 16,946. Right table: YTD 2026 deals (S$m): 86.83% stake in Keppel Philippines Properties 10 (Philippines); i12 Katong 372 (Singapore); Rigco's six operational rigs 1,221; property trading 91; 40% stake in Empire City 343 (Vietnam); KrisEnergy receivables 48; Keppel South Central 1,628 (Singapore); others 13; total 3,727. Footnotes cover pending transactions and the removed M1 telco divestment.

โครงสร้าง Layout

Two side-by-side tables with bold totals and footnotes below.

องค์ประกอบภาพหลัก

  • •Annual monetisation table
  • •YTD 2026 deal list
หน้า 14
Glossary / definitions

Glossary

เนื้อหา

Glossary table (Term / Definition) defining Asset Management Fees, Asset Management Net Profit, Asset Monetisation Announced, Asset Monetisation Completed & Realised, Book to bill ratio, and Data Centre Portfolio's Gross Power Capacity. States the presentation should be read with the glossary.

โครงสร้าง Layout

Two-column table with dark header row and long definition text.

องค์ประกอบภาพหลัก

  • •Term-definition table
หน้า 15
Glossary / definitions

Glossary (Cont.)

เนื้อหา

Continued glossary defining EBITDA, Funds under Management (FUM, reported in SGD at closing exchange rates), Legacy O&M assets, Non-Core Portfolio for Divestment, Re-presented metrics, SSCI (Sponsor Stakes and Co-Investments) and The New Keppel (excludes the Non-Core Portfolio for Divestment and Discontinued Operations).

โครงสร้าง Layout

Same two-column glossary table as page 14.

องค์ประกอบภาพหลัก

  • •Term-definition table
หน้า 16
Disclaimer / legal

Disclaimer

เนื้อหา

Standard legal disclaimer: not an offer of securities, information only, forward-looking statements caveat referencing the Annual Report 2025 risk management section, note that some images are AI-generated illustrations, and that monetary values shown as '$' are Singapore dollars.

โครงสร้าง Layout

Title with several paragraphs of dense text; logo bottom left.

องค์ประกอบภาพหลัก

  • •Keppel logo
  • •Text-only slide

คำถามที่พบบ่อย

คำถามทั่วไปเกี่ยวกับสไลด์นี้และเนื้อหาการนำเสนอพื้นฐาน

What does the Keppel 3Q & 9M 2026 Business Update presentation cover?

It is a 16-slide deck dated 29 October 2026 covering highlights, net profit and recurring income, asset monetisation, legacy rigs, asset management fees and FUM, and updates for the Infrastructure, Real Estate and Connectivity divisions, plus appendix tables, glossary and disclaimer.

What are the headline numbers in the deck?

The New Keppel's net profit was close to 15% higher yoy in 3Q26 and more than 20% higher in 9M26. Asset management fees grew 18% to S$354m in 9M26, S$19.5b of new FUM was added in YTD 2026, and S$3.7b of asset monetisations were announced. S$ means Singapore dollars.

What do 3Q26, 9M26 and YTD 2026 mean in this deck?

3Q26 is the third quarter of 2026, 9M26 the nine months ended September 2026, and YTD 2026 the year to date through the 29 October 2026 update. Figures 'as at end-Sep 2026' are balance-date positions.

Where does this presentation come from?

It is the 3Q & 9M 2026 business update presentation slides lodged with the Singapore Exchange (SGX) on 29 October 2026, attached to Keppel Ltd.'s SGX announcement.

Why is this a business update and not full quarterly results?

Singapore-listed companies on half-yearly reporting publish a business update rather than full financial results for Q1 and Q3. This deck therefore gives operational and financial highlights instead of full financial statements.

What language and formats are available?

The deck is in English. The original is a 16-page PDF, and a PowerPoint (PPTX) version is also available on this page.

Can I reuse this deck as a layout reference for my own presentation?

Yes. It is a good reference for KPI callout boxes, stacked column charts, 2x2 capability grids, data tables and glossary slides. Logos, trademarks, images and figures belong to Keppel Ltd. and should not be reused as your own.

Who is Keppel and what does it do?

Keppel Ltd. is a Singapore-listed global asset manager and operator in infrastructure, real estate and connectivity, and a component of the Straits Times Index (STI).

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