Keppel Corporation Investor Presentation — January 2019

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24 January 2019Scope of Briefing

•Group Financial Highlights by CFO

Note: 2017 financial figures in this presentation have been restated following the adoption of the new financial reporting fr ame work,

Singapore Financial Reporting Standards (International).

23Address by CEO4Transforming for Growth

InvestmentsCleaner energy & renewables

M1transformationSmart cities & quality real estate

Floating infrastructure &

data centre parksSolutions Opportunities Keppel

5Financial Performance

FY 2018 net profit up 382% from S$196m for

Proposed final cash dividend will bring total

FY 2018 dividends to 30.0 cts /shareNet profit

•Free cash inflow of S$515m in

FY 2018 vs S$1,802m in FY 2017

•Net gearing was 0.48x at

end- 2018 vs 0.46x at end- 2017Key highlights

Offshore & Marine (826) (109)

Infrastructure 134 169

Investments 238 (54)

Total 196 944iOne-off global resolution & related costs 322 500 307 247 186 197

Project-based Recurring RIDs944

6Multiple Income Streams

Focused on improving earnings

quality and growing recurring income

as a stable contributor to the GroupRecurring income breakdown Net profit by income type

iRevaluations, major impairments & divestments

iiExcludes one -off global resolution & related costs iii28%38%24%12%28% 30%20% 20%

InfrastructureS$247m S$307m

0LNG vessels at Keppel Shipyard, SingaporeOffshore

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