Keppel Corporation

Guided by our core values and operating principles, we will deliver solutions for sustainable urbanisation profitably, safely and responsibly. As OneKeppel, we will harness synergies across our businesses to seize new opportunities and create enduring value.

In 2017, we continued to deliver on our multi‑business strategy, entering into new markets and establishing new vehicles and engines for growth.

Our 2017 Highlights
  • Delivered 10 major Offshore & Marine projects including the world’s first floating liquefaction vessel conversion for Golar LNG, and secured about $1.2 billion of non‑drilling contracts.

  • Signed a Heads of Agreement with Pavilion Energy and Indonesia's PLN to develop small‑scale liquefied natural gas infrastructure.

  • Announced investments of about $1.6 billion and divestments of more than $1.0 billion in the Property Division as part of a proactive capital recycling strategy.

  • Sold over 5,480 homes with a total sales value of about $2.8 billion.

  • Secured a contract to design, build and operate Hong Kong’s first Integrated Waste Management Facility and commenced construction of Keppel Marina East Desalination Plant in Singapore.

  • Raised over US$1.5 billion of property and data centre funds under Keppel Capital, and listed Keppel‑KBS US REIT on the Singapore Exchange.

  • Established Keppel Urban Solutions as a master developer of large‑scale urban developments.

Our 2018/2019 Strategic Focus
  • Strengthen our core businesses and collaborate on new opportunities, unleashing synergies from Keppel’s multi‑business model to achieve our financial, people, stakeholder and process goals.

  • Build new engines for growth through innovation and technology.

  • Sharpen project execution through continuous improvements in productivity and efficiency.

  • Focus on enhancing risk management, compliance, controls and safety.

  • Enhance people development and bolster bench strength through talent management and succession planning.

  • Maintain strong financial discipline, seize opportunities to recycle assets, and deploy capital astutely for the best risk‑adjusted returns.

Group Revenue ($m)

revenue 12%
$5,964m
From 2016's $6,767m

The Keppel Group leverages its international network, resources and talents to provide solutions for sustainable urbanisation, harnessing synergies across its different businesses.

With prudent financial discipline and a strong balance sheet, we aim to deliver the best risk‑adjusted returns for shareholders while investing for growth.

Group Net Profit ($m)

Group Net Profit
* Including one‑off financial penalty from the global resolution and related costs of $619 million.

Group Net Profit by Division ($m)

Group Net Profit by Division
^ Excluding one‑off financial penalty from the global resolution and related costs of $619 million.

Offshore & Marine

The Offshore & Marine Division is a global leader in offshore rig design, construction and repair, shiprepair and conversion, and specialised shipbuilding.

With the integration of key functions in the New Builds and Conversions & Repairs divisions, Keppel O&M is well positioned to provide customers with reliable end‑to‑end solutions.

Revenue ($m)

revenue 37%
1,802m
From 2016's $2,854m

Net Profit ($m)

Net Profit
* Including one‑off financial penalty from the global resolution and related costs of $619 million.

Net Profit by Segment ($m)

Net Profit by Segment
^ Excluding one‑off financial penalty from the global resolution and related costs.

Property

As a multi‑faceted property player, Keppel Land aims to be a developer with one of the highest returns on equity in Asia. To date, Keppel Land has a landbank of about 63,000 homes and a commercial portfolio of about 1.5 million square metres of gross floor area.

Keppel Land is committed to providing quality and innovative urban living solutions in the core markets of Singapore and China, and growth markets of Vietnam and Indonesia.

Revenue ($m)

revenue 12%
$1,782m
From 2016's $2,035m

Net Profit ($m)

Net Profit

Net Profit by Segment ($m)

Net Profit by Segment

Infrastructure

The Infrastructure Division comprises the Group's businesses in energy and environmental infrastructure, as well as logistics and data centres.

In addition to developing and operating quality infrastructure assets, the Division is focused on growing its recurring income base from the management, operation and maintenance of these assets.

Revenue ($m)

revenue 27%
$2,207m
From 2016's $1,744m

Net Profit ($m)

Net Profit

Net Profit by Segment ($m)

Net Profit by Segment

Investments

The Investments Division comprises Keppel Capital and Keppel Urban Solutions, as well as the Group’s investments in k1 Ventures, M1, KrisEnergy and the Sino‑Singapore Tianjin Eco‑City.

The Investments Division serves as an incubator for the Group’s new growth engines, harnessing the core capabilities of the Keppel Group.

Revenue ($m)

revenue 29%
$173m
From 2016's $134m

Net Profit ($m)

Net Profit

Net Profit by Segment ($m)

Net Profit by Segment