GLOBAL ASSET MANAGER & OPERATOR

Keppel provides an unrivalled value proposition to investors seeking opportunities in alternative real assets that meet some of the world’s most pressing needs in Infrastructure, Real Estate and Connectivity.

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Chairman’s Statement

INVESTING IN A
SUSTAINABLE FUTURE

Keppel delivered strong performance in FY 2023. On the back of the disposal gain from the combination of Keppel Offshore & Marine and Sembcorp Marine, we achieved a record profit of $4.1 billion, with Return on Equity of 37.9%.

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Interview with the CEO

CREATING ENDURING VALUE

Keppel’s multi-dimensional transformation has seen us turn from a balance sheet player into an asset-light asset manager, from a conglomerate with vertical silos into a horizontally integrated company with end-to-end value chains.

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Gearing

0.90x

at end-2023, compared to 0.78x at end-2022

ROE

37.9%⁴

compared to 8.1% for FY 2022

Total Dividend

$2.70

dividend per share, comprising 34 cents cash dividend and $2.36 dividends in specie of Sembcorp Marine shares⁵ and Keppel REIT units⁶, compared to 33 cents per share for FY 2022

Net Profit

$4.1b

more than quadruple of $927 million in FY 2022

Recurring Income

$773m

comprising 88% of net profit from continuing operations; 54% higher compared to $503 million in FY 2022

Vision 2030 in Action

HIGHLIGHTS OF ACHIEVEMENTS IN 2023

In 2023, we divested our offshore and marine business and shed our conglomerate structure to become a global asset manager and operator.

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FUND MANAGEMENT AND INVESTMENT PLATFORMS

Keppel connects investors with sustainability solutions and real assets through diverse fund products across the risk-return spectrum.

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OPERATING PLATFORM

Keppel harnesses its deep operating capabilities to create alternative real assets and solutions serving the energy transition, sustainable development and digital connectivity.

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Sustainability Framework

We are committed to environmental stewardship, responsible business practices, and investing in people and communities wherever we operate.

Find out more

INVESTING IN ASUSTAINABLE FUTURE

GLOBAL ASSET MANAGER & OPERATOR

Keppel provides an unrivalled value proposition to investors seeking opportunities in alternative real assets that meet some of the world’s most pressing needs in Infrastructure, Real Estate and Connectivity.

INVESTING IN ASUSTAINABLE FUTURE

Keppel delivered strong performance in FY 2023. On the back of the disposal gain from the combination of Keppel Offshore & Marine and Sembcorp Marine, we achieved a record profit of $4.1 billion, with Return on Equity of 37.9%.

CREATING ENDURING VALUE

Keppel’s multi-dimensional transformation has seen us turn from a balance sheet player into an asset-light asset manager, from a conglomerate with vertical silos into a horizontally integrated company with end-to-end value chains.

HIGHLIGHTS OF ACHIEVEMENTS IN 2023

In 2023, we divested our offshore and marine business and shed our conglomerate structure to become a global asset manager and operator.

FUND MANAGEMENT AND INVESTMENT PLATFORMS

Keppel connects investors with sustainability solutions and real assets through diverse fund products across the risk-return spectrum.

OPERATING PLATFORM

Keppel harnesses its deep operating capabilities to create alternative real assets and solutions serving the energy transition, sustainable development and digital connectivity.

Sustainability Framework

We are committed to environmental stewardship, responsible business practices, and investing in people and communities wherever we operate.

Download Annual Report

INVESTING IN A
SUSTAINABLE FUTURE

INVESTING IN A
SUSTAINABLE FUTURE

Download
Annual Report