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 2023.

Record Distributable Income of $316.8 million for FY 2023 supported by strong portfolio performance driven by growth and value creation 

Results Highlights

• Delivered record EBITDA of $447.6 million (up 11.3% y-o-y) and Distributable Income of $316.8 million (up 42.4% y-o-y) for FY 2023, supported by strong portfolio performance driven by growth and value creation
• DPU boost with special distribution of 2.33 cents in November 2023, bringing FY 2023 DPU to 6.19 cents, up 62% y-o-y
• Acquisition of a German Solar Portfolio, marking KIT’s expansion to the solar energy sector, growing its renewable exposure beyond wind farm assets
• Continued portfolio growth: AUM of $8.1 billion^[1] as at 2 January 2024 supported by new acquisitions and higher valuation of existing portfolio
  
  

^[1] Based on independent valuation conducted by Ernst & Young (except the German Solar Portfolio). Represents KIT’s equity stake in the enterprise value of its investments plus cash held at the Trust. Excluding first phase of German Solar Portfolio acquisition, AUM would be $7.4b as at 31 December 2023.