Investor Meetings November/December 2012 Contents Introduction Key Updates Market Review and Outlook Going Forward 2
Introduction 3 Introduction Premier Property Total assets of $10.2b as at 30 Sep 2012 Company Market cap of $5.3b as at 6 Nov 2012 Leading Prime Office Player Developer of Ocean Financial Centre, Marina Bay Financial Centre and One Raffles Quay in Singapore s Crown Jewel Marina Bay Asia s Quality Developer Focus on thematic residential, Townships and mixed developments in Singapore, China, Vietnam, India and Indonesia Established Property Fund Manager Two fund management vehicles: Keppel REIT and Alpha Investment Partners with total AUM of $15.1b 4
Strategic Focus Twin Core Businesses SINGAPORE Commercial developments mainly in Marina Bay and CBD Residential developments including lifestyle waterfront projects Property Property Mixed developments OVERSEAS Residential developments including townships, sustainable developments and integrated lifestyle projects Development for Sale Fund Management Keppel REIT to recycle capital Recurring fee income from fund management provides stability against cyclical property development earnings Selective commercial developments 5 Strategic Acquisitions Strengthen Market Presence Across Asia New investments of about $900m YTD Includes increase in stake of Spring City Golf and Lake Resort and Riviera Point from 40% to 68.8% and from 38% to 75% respectively Projects (Residential) Approximate Acquisition Cost Number of Units Expected Launch Date Residential Development, Singapore $435m About 700 units 2013 Prime Development, Chengdu $133m 573 landed homes Ph 1 2014 Prime Development, Colombo, Sri Lanka (60% stake) $70m About 260 units Ph 1 2014 Projects (Commercial) Approximate Acquisition Cost Gross Floor Area Expected Completion Date Office Development, Beijing CBD (51% stake) $200m 100,000 sm 2015 6
Key Updates Singapore 7 Singapore Residential Acquisition of Prime Residential Site Choice location next to Tanah Merah MRT Station ti Proximity to airport, business park, reputable schools, upcoming university as well as retail and recreational amenities To CHANGI AIRPORT Capitalise on suburban demand for well located homes Location Land Cost Site Area Gross Floor Area No. of Units Site Details New Upper Changi Road $434.6m 343,200 sf 549,100 sf About 700 units 8
Singapore Residential Over 85% of Launched Units Sold Strong take up for The Luxurie with 100 units sold in Sep and Oct 2012 Projects Ttl Total Units % of Launched Units Sold Units Launched Units Sold* The Luxurie 622 607 538 88.6% Marina Bay Suites 221 200 186 93.0% Reflections at Keppel Bay 1,129^ 973 873 89.7% The Luxurie * As at end Oct 2012 ^ Include 154 units set aside for corporate leasing Marina Bay Suites Reflections at Keppel Bay 9 Singapore Commercial Strong Leasing Momentum for MBFC Tower 3 Commitment of about 76% New tenants include companies in the legal, nutrition and services sectors Tenants progressively moving in, occupying about 60% of development Retail 100% occupied; includes Fitness First, retail banking, restaurants and food court Marina Bay Financial Centre MBFC Tower 3 Retail 10
Key Updates Overseas 11 China Presence >$3.5b of Assets Invested over $1.5b between 2010 to 2012 As at end Sep 2012: 35% of assets invested in China >18,000 Homes Sold in China Focus on developing Condominiums Villas Townships Waterfront homes Eco developments Vast Market with Immense Opportunities years >10 cities First residential project in Jingan District, Shanghai in 2000 Formed Keppel Land China in 2010 Acquired first commercial site in Beijing in 2012 Part of FTSE ST China Top Index More than 1,900 staff 3 mega regions : Western Region Greater Bohai Rim Region Yangtze River Delta Region Beijing Tianjin Pipeline of >43,000 Homes Total GFA : 7.65 million sm Chengdu Kunming Nantong Jiangyin Wuxi Shanghai Zhongshan Shenyang 12
China Improved Take up as Market Recovers Strong home sales in October with about 260 units sold Launched The Botanica Phase 7 in last weekend of October Good response with about 170 units sold in first two days of launch The Botanica, Chengdu Ph 7: Sold 37.8% of 444 launched units Ph 6: Sold 99.0% of 1,248 launched units Central Park City Ph 2, Wuxi Sold 90.8% of 1,547 launched units The Springdale, Shanghai Sold 81.6% of 917 launched units 13 China Diversifying into Commercial Development in Beijing CBD Prime office and retail development located at the heart of CBD Well located and accessible via Chang an Ave and 2 MRT Lines New CommercialDevelopment in Beijing CBD Site Details Location Land Area Gross Floor Area Development Type Expected Completion Chaoyang District About 2.6 ha About 100,000000 sm 3 office towers with retail component 2015 14
China Grow Stronger Presence in Chengdu Acquisition of a prime residential site next to existing project Hill Crest Villa Location Site Details Mumashan, Xinjin County Located within a high end residential enclave and close to city centre Targeted at upper middle to high income segment 5 th residential site in Chengdu Acquisition Cost About RMB 680m Land Area 28.7 ha Gross Floor Area 243,100 sm No. of Units 573 landed homes Expected Launch Ph 1 2014 15 Indonesia Capitalise on Strong Demand for Prime Office Space International Financial Centre Jakarta Tower 2 commenced construction International Financial Centre Jakarta Tower 2 Redevelopment to a 48 storey Grade A office tower Large column free floor plates with green features Project Details Location Along Jalan Jenderal Sudirman in the heart of Jakarta CBD Net Lettable Area Over 50,000 sm Expected Completion 2015 16
Indonesia Jakarta Garden City Progressively Taking Shape Sold 93.3% out of 1,104 launched units as at end Oct 2012 Township attracts buyers with more homes and amenities completed Growing community as more households moved in Toll road next to JGC with direct access slated to complete by 2014/2015 Jakarta Garden City Airport Future Toll Road Jakarta Garden City CBD 17 Vietnam Prime Retail and Office Development at Saigon Centre Ph 2 Divestment of 22.7% stake to Toshin Development Set up 50:50 joint retail management company Saigon Centre Ph2 retail space 30% pre committed Takashimaya to lease 15,000 sm of prime retail space Location Development Type Expected Completion Saigon Centre Ph 2 Along Le Loi Boulevard (in HCMC s CBD) Grade A office space : About 40,000 sm Retail : About 50,000 sm Serviced apartments : Over 200 units 2015 18
Joint venture to develop a 37 storey prime residential project in Colombo Sri Lanka Maiden Acquisition in New Market Keppel Land holds 60% of the JV Well connected to CBD via major arterial road Panoramic view of the Indian Ocean for most units Proximity to amenities such as reputable schools, hospital and sporting facilities Location Site Area No. of units Site Details Kotahena District About 0.5 ha About 260 apartments 19 Key Updates Fund Management 20
Keppel REIT Up from $0.6b $6.3b Alpha Investment Partners Up from $3.1b $8.8b Fund Management Steady Growth in Total AUM* since 2006 8.8 8.8 7.7 77 7.7 77 7.7 3.1 0.6 4.0 2.1 2.1 2.1 3.5 6.0 6.3 2006 2007 2008 2009 2010 2011 End Sep 2012 Keppel REIT Alpha Investment Partners * When fully leveraged and invested 21 Keppel REIT Income accretive Acquisition Acquisition of 50% stake in new Perth office Nine Grade A office assets: 3 million sf total NLA Higher occupancy for OFC: 95% Overall portfolio occupancy over 98% Singapore Portfolio From Left to Right: Bugis Junction Towers, MBFC Ph 1, Ocean Financial Centre, Prudential Tower, One Raffles Quay Australian Portfolio From Top Left Clockwise: New Grade A Office Tower Perth, 275 George Street Brisbane, 8 Chifley Square Sydney, 77 King Street Sydney 22
Alpha Investment Partners Strategic Acquisitions and Divestments Alpha Asia Macro Trends Fund II acquired 50% stake in 78 Shenton Way Selective divestments by Alpha funds Opportunistic sale of a high end residential unit in Singapore Divested two serviced apartment developments in Hong Kong Funds under Alpha (as at end Sep 2012) Committed Equity % Invested Countries Invested Asia No. 1 Property Fund $400m 100% 4 Alpha Core Plus Real Estate Fund $720m 100% 3 AIB Alpha Japan Fund $259m 100% 1 Alpha Asia Macro Trends Fund $1.7b 100% 6 Alpha Asia Macro Trends Fund II $684m 30% 2 78 Shenton Way, Singapore 23 Market Review and Outlook 24
Singapore Residential Sold about 18,000 units YTD Sep 2012, surpassed 2010 record of 16,292 units (1) Prices stabilise, up 0.5% q o q in 3Q 2012 (1) New cooling measures to impact speculative demand Commercial Grade A rents moderated 3% q o q to S$9.80 psf (2) in 3Q 2012 New Grade A office space remains in demand Limited supply of Grade A space in 4Q2012 13 (1) URA (2) CBRE 25 Overseas Asia Remains Attractive as Growth Continues Projected Annual GDP for Urbanisation Country 2012 (1) Rate (2) Property Market China 7.8% 2.3% Property prices begin to rise across cities as demand returns, supported by first time homebuyers Indonesia 6% 1.7% Demand propped by expanding middle class and low interest rates Vietnam 5.3% 3.4% Market shows signs of recovery with improving macroeconomic conditions and lower inflation India 6.1% 2.4% Economic reforms and easing liquidity are expected to boost the property market (1) Economic Intelligence Unit (2) CIA World Fact Book 26
Going Forward 27 Going Forward Selectively acquire prime sites for residential, township, commercial and mixed use developments Grow fee based dincome through h Keppel lreit and Alpha Monitor residential market to launch new projects and phases The Luxurie The Springdale Central Park City 28
Thank You 29 Additional Slides 30
5 Year Financial Profile FY2011 FY2010 (Restated^) FY2009 FY2008 FY2007 Turnover ($m) 949.0 685.4 923.9 842.2 1407.9 Pre tax Profit ($m) 1,503.9 1,176.8 358.6 314.0 988.7 Net Profit ($m) 1,365.6 (1) 1,052.9 (2) 280.4 (3) 227.7 (3) 779.7 (4) Overseas Earnings (% of Net Profit) 24 39.5 31.5 29.5 39.7 EPS ( ) 93.2 73.3 24.2 22.4 76.9 NTA/Share ($) 3.64 2.85 2.36 3.39 3.18 Net Debt/Equity Ratio (x) 0.10 0.21 0.22 0.52 0.41 ROE (%) 32.9 31.0 10.1 9.9 46.2 Total Dividend / Share ( ) 20 18 8 8 20 ^ FY2010 figures restated due to change in accounting policy. (1) Includes corporate restructuring surplus of $508.1m from sale of 87.5% interest in OFC, gain on sale of Keppel Digihub, gain on acquisition of additional interest in K REIT Asia and net fair value gain on investment properties (2) Includes corporate restructuring surplus of $363.8m from sale of 1/3 interest in MBFC Phase 1, gain on acquisition of additional interest in K REIT Asia and net fair value gain on investment properties (3) Includes gain on acquisition of additional interest in K REIT Asia and net fair value gain on investment properties (4) Includes corporate restructuring surplus of $235.2m from sale of ORQ and net fair value gain on investment properties 31 Financial Highlights: 3Q 12 vs 3Q 11 3Q 12 3Q 11 % Chg Turnover ($m) 166.4 111.7 49.0 EBITDA ($m) 32.0 35.6 (10.1) Pre tax Profit ($m) 92.9^ 65.6 41.6 Net Profit ($m) 74.5^ 58.0 28.4 ^ Includes a $16.7m gain from the divestment of 22.7% stake in Saigon Centre Ph 2 32
Financial Highlights: YTD Sep 12 vs YTD Sep 11 YTD Sep 12 YTD Sep 11 % Chg Turnover ($m) 466.9 573.8 (18.6) EBITDA ($m) 99.2 136.8 (27.5) Pre tax Profit ($m) 381.0^ 242.5* 57.1 Net Profit ($m) 311.1^ 191.8* 62.2 ^ Includes a $16.7m gain from the divestment of 22.7% stake in Saigon Centre Ph 2 * Includes a $24.4m gain on the divestment of Keppel Digihub in 1Q 2011 3 3 Key Financial Ratios YTD Sep 12 YTD Sep 11^ % Chg EPS (cts) 20.6 13.1 57.3 Annualised ROE (%) 6.8 5.8 17.2 NTA / Share ($) 3.64 2.88 26.4 Net Debt/Equity Ratio (x) 0.21 0.44 (52.3) ^ YTD Sep 2011 comparatives restated due to the adoption of Amendments to FRS 12. 34
Balance Sheet Strength Strong cash positionof $1.5b as at end Sep 2012 Availability of credit facilities, including US$369m under the MTN Programme End Sep 12 End Sep 11 % Chg Net Debt ($b) 1.25 2.04 (38.7) Net Debt/Equity Ratio (x) 0.21 0.44^ (52.3) Weighted Avg Interest Rate of Borrowings (%) 2.3 2.2 4.5 Interest Cover Ratio * 23.1 14.5 59.3 Profit Before Interest and Tax * Interest Cover Ratio = Net Interest Cost on External Borrowings ^ YTD Sep 2011 comparatives restated due to the adoption of Amendments to FRS 12. 35 Loan Maturity Profile As at end Sep 2012: Due in 2012 Due in 2013 Due in 2014 Due in 2015 Due in 2016 Due in 2017 Due in 2022 Rolling 1% 2% 4% 7% 12% 13% 25% 36% 0% 5% 10% 15% 20% 25% 30% 35% 40% Total Debt: $2.7b with average maturity of 2.8 years Fixed rate debt: About 53% vs 46% as at end Sep 2011 MTN Programme: Issued $200m 10 year bond at 3.80% p.a. in June 2012 36
As at end Sep 2012: Singapore Residential Landbank Project Location KLL s Stake Tenure Attributable Land Area (sf) Attributable GFA (sf) Total Units Remaining Units Caribbean at Keppel Bay Keppel Bay 30% 99 yr 314,763 428,773 969 1 Reflections at Keppel Bay Keppel Bay 30% 99 yr 269,759 624,527 1,129 105^ Marina Bay Suites Marina Bay 33.3% 99 yr 19,016 156,462 221 38 The Luxurie Sengkang 100% 99 yr 190,523 571,568 622 134 Keppel Bay Plot 3 Keppel Bay 30% 99 yr 125,366 152,999 366* 366 Keppel Bay Plot 4 Keppel Bay 11.7% 99 yr 35,992 40,300 234* 234 Keppel Bay Plot 6 Keppel Bay 30% 99 yr 141,120120 67,813 116* 116 Keppel Towers & GE Tower Residential Development # Tg Pagar Rd / Hoe Chiang Rd New Upper Changi Road 100% Freehold 85,305 477,706 590* 590 100% 99 yr 343,171 549,082 700* 700 Total 1,525,015 3,069,230 4,947 2,284 * Estimated no. of units ^ Exclude 154 units set aside for corporate residences # Subject to award of the site by URA 37 As at end Sep 2012: China Residential Landbank Site Location KLL's Stake Total Land Area (sm) Total GFA (sm) Remaining Area For Sale (sm) Remaining Units For Sale 8 Park Avenue Shanghai 99% 33,432 133,393 65,233 378 Park Avenue Central Shanghai 99% 28,488 99,708 99,708 708 The Springdale Shanghaih 99.4% 264,090 328,792 # 203,952 ^ 1,692 Nanxiang Devt, Jiading District Shanghai 99.9% 71,621 128,918 128,918 1,036 Central Park City, Taihu New City Wuxi 49.7% 352,534 670,931 # 328,460 ^ 2,375 Prime Residential Devt, Binhu District Wuxi 100% 215,230 322,844 322,844 2,500 The Botanica Chengdu 44.05% 419,775 1,049,438 ^ 201,125 ^ 2,102 Park Avenue Heights, Panchenggang Chengdu 100% 50,782 203,129 202,513 1,555 Hill Crest Villa, Mumashan Chengdu 100% 249,330 158,952 158,952 274 Prime Residential Devt, Mumashan Chengdu 100% 287,000 243,100 243,100 573 Stamford City Jiangyin 99.4% 82,987 300,083 # 232,010 973 The Seasons, Shenbei District Shenyang 100% 348,312 518,416 # 425,246 ^ 3,633 Township Devt, Hunnan New District i t Shenyang 99.8% 302,681 756,580580 756,580580 7,026 Integrated Marina Lifestyle Devt Zhongshan 80% 857,753 443,177 443,177 1,647 Serenity Cove (Ph 3) Tianjin 100% 128,685 80,000 79,588 340 Mixed Devt Tianjin 100% 1,666,665 1,358,202 1,358,202 11,299 Tianjin Eco City Tianjin 55% 365,722 633,798 # 572,064 # 3,718 Waterfront Residential Devt Nantong 100% 172,215 189,437 # 183,872 # 1,199 Hill Crest Residence (Ph 1) Kunming 68.8% 71,920 20,193 4,708 32 La Quinta II Kunming 68.8% 23,034 10,928 2,701 20 Total 5,992,256 7,650,019 6,012,953 43,080 # Includes commercial area ^Excludes commercial area 38
As at end Sep 2012: Other Overseas Residential Landbank Country Site KLL's stake Total Land Area (sm) Total GFA (sm) Remaining Area for Sale (sm) Remaining Units for Sale India Elita Promenade 51% 96,618 237,446 1,738 11 Elita Horizon 51% 79,927 176,376 176,376 1,138 Elita Garden Vista 37.74% 99,957 218,333 111,048 668 Sub total 276,502 632,155 289,162 1,817 Indonesia Jakarta Garden City Phase 1 51% 266,939 140,658 3,954 16 Jakarta Garden City Phase 2 (Cluster E) 69,970 23,200 22,244 64 Remaining phases 804,109 923,511 840,471 5,673 Sub total 1,141,018 1,087,369 866,669 5,754 Thailand Villa Arcadia at Srinakarin 53.66% 159,706 79,294 58,301 184 Villa Arcadia at Watcharapol 71.72% 124,912 68,314 77,404 247 Sub total 284,618 147,608 135,705 431 Vietnam Saigon Sports City, HCMC 90% 640,477 688,180 # 298,878 ^ 2,325 The Estella, HCMC 55% 47,906 233,595 141,461* ^ 922* Riviera Point, Dist. 7, HCMC 78% 89,712 438,814 # 276,996* ^ 2,264* Waterfront Township, Dong Nai Province 50% 3,667,127 2,046,955 # 1,293,500 ^ 7,850 Prime (Condo), Dist. 2, HCMC 60% 51,000 244,800 166,464 1,500 Riviera Cove(Villa), Dist. 9, HCMC 60% 97,000 34,711 13,302* 23* South Rach Chiec, Dist 2, HCMC 42% 302,000 755,000 # 641,067 ^ 6,699 Riviera Gardens, Dist. 12, HCMC 60% 113,098 40,715 56,549 174 Villa Development, Saigon South, HCMC 50% 135,000 67,500 67,500 225 Villa Development, Dist 9, HCMC 60% 98,000 39,807 46,813 124 Sub total 5,241,320 4,590,077 3,002,530 22,139 Middle East Al Mada Towers, Jeddah, Saudi Arabia 51% 36,236 253,652 Sub total 36,236 253,652 Philippines SM KL Residential Devt, Manila 24.2% 12,932 122,343 Sub total 12,932 122,343 Sri Lanka Residential Development, Colombo 60% 5,058 45,078 31,431 260 Sub total 5,058 45,078 31,431 260 Total 6,624,630 4,325,497 30,401 # Includes commercial area ^Excludes commercial area *Includes returned units 39 As at end Sep 2012: China Residential Launches Units to Launch Location 2012 2013 2014 8 Park Avenue* Shanghai 40 110 169 Park Avenue Central^ Shanghai The Springdale* Shanghai 95 995 605 Nanxiang Development, Jiading District ^ Shanghai 600 387 Central Park City, Taihu New City * Wuxi 287 700 947 Prime Residential Devt, Binhu District ^ Wuxi 240 594 The Botanica* Chengdu 809 1,038 366 Park Avenue Heights, Panchenggang ^ Chengdu 150 798 607 Hill Crest Villa, Mumashan^ Chengdu 63 108 Prime Residential Devt, Mumashan^ Chengdu Stamford City Ph 2 (Blk 5) ^ Jiangyin 30 80 45 The Seasons, Shenbei District* Shenyang 82 1,347 996 Township Devt, Hunnan New District^ Shenyang Integrated Marina Lifestyle Devt ^ Zhongshan 53 Serenity Cove (Ph 3) ^ Tianjin 146 194 Tianjin Eco City (36.6 ha)* Tianjin 120 844 810 Waterfront Residential Devt^ Nantong 111 707 Hill Crest Residence (Ph 1) * Kunming 22 10 La Quinta II * Kunming 10 10 Total 1,643 7,142 6,658 *Balance units ^New launches 40
As at end Sep 2012: Other Overseas Residential Launches Location 2012 2013 2014 Vietnam Saigon Sports City^ HCMC - - 200 The Estella (Phase 1), Dist 2* HCMC 23 80 145 The Estella (Phase 2), Dist 2^ HCMC - - - Riviera Point, Dist 7* HCMC 22 125 175 Waterfront Township^ Dong Nai - - 260 Prime (Condo), Dist 2^ HCMC - - 350 Riviera Cove (Villa), Dist 9* HCMC 2 21 - South Rach Chiec, Dist 2^ HCMC - - 100 Riviera Gardens, Dist 12^ HCMC - - 87 Villa Development, Saigon South^ HCMC - - 80 Villa Development, Dist 9^ HCMC - - 40 Thailand Villa Arcadia at Srinakarin (Phase 1)* Bangkok 28 Villa Arcadia at Srinakarin (Phase 2)^ Bangkok 55 54 47 Villa Arcadia at Watcharapol (Phase 1)* Bangkok 22 Villa Arcadia at Watcharapol (Phase 2)^ Bangkok 0 35 72 India Elita Promenade* Bangalore 11 Elita Garden Vista* Kolkata 15 238 240 Elita Horizon^ Bangalore 286 486 Indonesia Jakarta Garden City* Jakarta 137 370 572 Sri Lanka Residential Development^ Colombo 104 Total 315 1,208 2,958 *Balance units ^New launches 41 As at end Sep 2012: Projects/ Phases The Botanica, Chengdu Expected Completion of China Projects Total No. of Units Year of Completion Units Sold as at end Sep 2012 Area Sold as at end Sep 2012 (sm) Phase 6 R5a 1,248 2013 1,230 101,762 Central Park City, Wuxi Phase 2 C1a 750 2012 482 53,830 The Springdale, Shanghai Phase 2 Plot 3 1, 3 2 and 3 3 1,068 2012 709 62,976 Seasons Park, Tianjin Eco City Phase 1 Plot 10 and 7 1,105 2012 636 61,734 Spring City, Kunming Hill Crest Residence (Phase 1) 133 2012 101 15,610 The Seasons, Shenyang Phase 1A 510 2012 203 29,061 42
Expected Completion of Other Overseas Projects As at end Sep 2012: Projects/ Phases Total No. of Units Year of Completion Units Sold as at end Sep 2012 Area Sold as at end Sep 2012 (sm) Vietnam Riviera Cove 96 2012 73 36,055 Riviera Point (Phase 1A) 549 2014 136 16,755 India Elita Garden Vista (Phase 1) 688 2012 610 90,356 Indonesia Jakarta Garden City Phase 1 971 2009 2012 955 162,823 Phase 2 Cluster E 43 2012 23 8,031 91 2013 47 11,200 Thailand Villa Arcadia Srinakarin (Phase 1) 209 2012 181 56,531 Villa Arcadia Watcharapol (Phase 1) 45 2012 23 7,378 43 Geographical Breakdown Asset Distribution (as of end Sep 2012) India 1% Others 3% Vietnam 7% Singapore 50% China 35% Indonesia 4% 44
Singapore Residential Developments to Benefit from New MRT Lines The Luxurie New Residential Development Keppel Bay Proposed redevelopment of KTGE Towers Marina Bay Suites Sentosa Island Source: LTA as at 30 Sep 2012 45 China Increase Investment in Kunming Raised stake in Spring City Golf & Lake Resort to 68.8% Acquired additional interest for $38.6m Growing affluence to benefit the development La Quinta II, Kunming Hill Crest Residence, Kunming Ph 2: Sold 68% of 62 units as at end Oct 2012 Ph 1: Sold 79% of 133 units as at end Oct 2012 46
China Keppel s 36.6ha site in SUA of Tianjin Eco city Residential: 4,354 homes (include Seasons Park) Commercial: Seasons City (GFA: 162,000 sm) Shareholding Structure: KLL: 55%; KCL: 45% Project Manager: KLL Entire Start up Area Development (SUA) Size 30 sq km 4 sq km Development Period 10 15 years 3 5 years No. of Homes > 100,000 >20,000 Population (approx.) 350,000 85,000 47 China Tianjin Eco City Shareholding Structure (1) Keppel Corporation Keppel Land Keppel Integrated Engineering Singbridge Int l S pore Spore 45% 35% 20% 90% 10% Chinese Consortium Singapore Consortium 50% 50% Tianjin Eco City (JV) Registered Capital : RMB 4 billion (1) Summarised graphical representation and not the legal representation of the shareholding structure 48
Myanmar Leverage on Opening of Economy Improvement in occupancy and room rates for both hotels Premier location for business travelers in Sedona Yangon pushes occupancy to almost 100% during peak periods Seek development opportunities Economic reforms and expected changes in investment regulation to attract foreign investment Sedona Hotel, Yangon Sedona Hotel, Mandalay 49 Selective Divestments Unlock Value and Recycle Capital Divestment of 22.7% stake in Saigon Centre Ph 2 to Toshin Development Set up a 50:50 joint retail management company Divestment t of entire 20% stake tk in Hotel Melia Purosani, Yogyakarta Hotel Melia Purosani, Yogyakarta 50
Corporate Awards BCI Asia Awards 2012 Top 10 Developers Awards in Singapore and Vietnam Euromoney Real Estate Awards 2012 Best Office Developer in Singapore Best Developer in Vietnam Best Residential Developer in Vietnam Transparency Best Mixed Use Awards Developer in Vietnam Singapore Corporate Awards 2012 Gold Award for Best Annual Report Silver Award for Best Managed Board Governance and Transparency Index 2012 Ranked 6 th out of 674 companies assessed IR Magazine South East Asia Awards 2011 Grand Prix for Best Overall Investor Relations for small or mid cap companies APREA Best Practices Awards 2012 Mature Markets Best Property Development Organisation Merit SIAS Investors Choice Awards 2012 Most Transparent Company (Real Estate category) Runner up Singapore Corporate Governance Award Merit 51 Product Excellence Awards Corporate Awards FIABCI Prix d'excellence Awards 2012 MBFC Phase 1 : Winner in Office category Marina Bay Residences : Runner up in Residential (High Rise) category International lproperty Awards Ai Asia Pacific 2012 Ocean Financial Centre : Best Commercial High rise Development in Asia Pacific, Best Office Architecture and Best Office Development in Singapore International Architecture Award 2012 Reflections at Keppel Bay : only 2 Singapore projects amongst 80 projects awarded Emirates Glass LEAF (Leading European Architects Forum) Award 2012 Reflections at Keppel Bay : Residential Building of the Year 2012 (Special Mention) South East Asia Property Awards 2011 Ocean Financial Centre : Green Development Award The Estella : Best Condo Development (Vietnam) FIABCI Singapore Property Awards 2011 MBFC Phase 1 : Winner in Office category Marina Bay Residences : Winner in Residential (High Rise) category World Travel Awards 2011 Hotel Sedona Manado named Indonesia s Leading Hotel 2011 Sedona Yangon named Myanmar s Leading Hotel 2011 52
CSR Awards The Sustainability Yearbook 2012 Features the top 15% of 2,500 companies worldwide in sustainability leadership Dow Jones Sustainability Index (DJSI) 2012 World Index and Asia Pacific Index One of three Singapore companies in World Index ACCA Singapore Awards for Sustainability Reporting 2011 Best Sustainability Report Award Storebrand Best in Class 2011 Awarded for Environmental, Social and Governance (ESG) and financial performance Global Real Estate Sustainability Benchmark 2012 Regional Sector Leader Office Leadership in Energy and Environmental Design (LEED) Award OFC certified LEED Platinum 30 BCA Green Mark Awards Latest: Green Mark Gold Awards (Provisional) Riviera Point and Saigon Centre Ph 2 Singapore Human Resources Institute Awards 2012 HR Advocate Award for Corporate Social Responsibility Workplace Safety and Health Awards 2012 Workplace Safety and Health Developer Award 53 This release may contain statements which are subject to risks and uncertainties that could cause actual results to differ materially from such statements. You are cautioned not to place undue reliance on such statements, which are based on the current views of Management on future developments and events. 54