Keppel(US:KPELY)2022-01-27 23:05Financial Performance - FY21 net profit reached S$1023 million, a sharp reversal from a net loss of S$506 million in FY20[51] - Recurring income grew 33% year-on-year in FY21, reaching S$292 million[15] - Assets Under Management (AUM) grew 14% year-on-year in 2021, reaching S$42 billion[30] - Asset monetisation reached S$29 billion since October 2020, with 407% via Keppel-managed REITs & Trust and 593% via third parties[16] - Proposed final dividend of 210 cents/share, up from 70 cents/share in 2020, equivalent to a total payment of S$600 million for FY21, with a dividend yield of 64% based on the last traded price in 2021[11] Business Segments - Energy & Environment segment's net loss was S$414 million in FY21, compared to a net loss of S$1181 million in FY20[62] - Urban Development segment's net profit grew 74% year-on-year to S$763 million for FY21[65] - Connectivity segment's net profit significantly increased to S$64 million in FY21[70] - Asset Management segment's net profit increased to S$301 million in FY21[75] Strategic Initiatives - Keppel Land completed monetisation of 8 projects in 2021 with total proceeds of ~S$19 billion and net gains of over S$450 million[23] - Keppel O&M secured new orders worth S$35 billion in FY21[18] - M1's postpaid customer base grew 6% year-on-year to over 17 million[128]