December 2012 eppel www.kepcorp.com/ekeppelite

Keppel Group Newsletter Keppelite

Message from the CEO 3

2012: From strength to strength 18

Grow local, think global 41

DecadeA nature of excellence of caring

MICA (P) 041/01/2012 8 14

46

Contents

SUSTAINING GROWTH Prepared at all times 37 Producing for offshore Malaysia 6 EMPOWERING LIVES Striking start for Philippine offshore platform 7 Swinging good time 38 Expanding logistics footprint into Indonesia 8 Welcome onboard 40 Customised for Saudi Aramco 9 Balancing act Optimum PRIMUS 10 Grow local, think global 41 World energy champion Cross border exchange 42 Straight talk 11 Making waves 43 World’s best commercial development 12 Appreciation to staff 44 Industry recognition 13 Guts and gumption 46 Delivering on excellence 14 Steadfast spirit 48 Shipshape execution 16 Tasty treat Excelling in investor relations 17 Keppelites Abroad Flavourful experiences 49 From strength to strength in 2012 18 NURTURING COMMUNITIES Special Focus Greener pastures 50 Decade of excellence 26 Pink of health 51 Showcase of strengths at BrasFELS 30 Step up 52 Finest homes in Jakarta 31 Tales of joy Hallmarks of hospitality Sound of music 53 Leading insights 32 Bowling for a cause 54 Boosting Singapore-Philippines ties 33 Spinning to glory Reaffirming strong partnership Deepening ties with China 34 Keppel Volunteers Joyous giving 55 URA showcases Tianjin Eco-City 35 BACK PAGE Raising standards Preferred provider of drilling solutions in Mexico 56 Sustainable solutions 36

Cover image: Nurturing Keppel Offshore & Marine (Keppel O&M) into the next phase of growth are: (from left) Mr Tong Chong Heong, CEO of Keppel O&M; Dr Lee Boon Yang, Chairman of Keppel Corporation; Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister of Finance; Mr Choo Chiau Beng, CEO of Keppel Corporation and Chairman of Keppel O&M; and Mr Chow Yew Yuen, COO of Keppel O&M. eppel

Published for people in the Keppel Group by the Group Corporate Communications Division, Keppel Corporation Limited, 1 HarbourFront Ave, #18-01 Keppel Bay Tower, Singapore 098632. Printed by Image Printers Pte Ltd, Blk 1002, Redhill Industrial Estate, Jalan Bukit Merah, #03-12, Singapore 159456.

Editorial Advisor Wang Look Fung

Editor Priscilla Chong

Editorial Committee Ang Lai Lee, Casiopia Low, Chan Suan Sim, Cheryl Goh, Ching Youyi, Chua Ying Ying, Clement Lim, Diana Chan, Donald Sng, Eileen Tan, Elizabeth Widjaja, Eva Ho, Frances Teh, Gerlynn Cai, Grace Chia, Hayley Teo, Hoo Yao Lin, Ivana Chua, Jocelyn Chan, Karin Xiao, Lim Kah Ai, Li Zhen Bei, Lim Xuehui, Lee Chin Siang, Lee Wan Jun, Mohamed Yusof Mohamed, Roy Tan, Serena Toh, Sue Ann Huang, Teri Liew, Tracy Pham, Woon Pek Yong, Vett Ramos, Yolanda Guo, Yu Zehan

Keppelite I December 2012 CO REG NO: 196800351N From the CEO – Shaping the Future As 2013 marks Keppel Corporation’s 45th anniversary, CEO Mr Choo Chiau Beng starts the New Year with a special message for Keppelites.

Dear Keppelites,

We all enjoy a good story. The Keppel story is 45 years in the making and still growing strong. Keppel has emerged, through many twists and turns, ups and downs, resilient and stronger, every time.

Shaping the Future – the theme of our 45th Anniversary is apt as Keppelites continue to craft our story with their multi-faceted experiences in over 30 countries worldwide. Together, we are constantly working We place great emphasis on talent development and leadership nurturance as part of our HR strategies to grow the capabilities of both the t o w a r d s s u s t a i n i n g Group and our employees growth, empowering l i v e s a n d n u r t u r i n g concerted efforts in the sustainable growth, our CHARACTER AS communities wherever right direction have helped sound business strategies BUILDING BLOCKS Keppel is present. the Group to achieve and commitment to deliver Good strategies and record performance and on time and within budget the right opportunities Since 2009, when I increase shareholder put us in good stead to can only take us so far. stepped into the role as value even amidst global capture more value over Beyond that, we need CEO, my top priority has economic turmoil. the long term. committed people to help been to shape Keppel into us flourish in the long run. a stronger Group with We are proud of our Across all the regions At the heart of every great profitable businesses. We record financial results, where we operate, the story are the characters. have since deepened our but numbers are only mainstay of our Near Throughout Keppel’s core competencies and part of the Keppel story. Market, Near Customer history, we have been built new capabilities. What differentiate us are strategy is that we will privileged to have good We have fortified our our people with the deep- continue to work closely people who have diligently multi-business strategy seated desire to deliver with our customers and contributed to the success and financial resilience sustainable value creation partners, to deliver to of the company since its to ride the cycles and to all our stakeholders. their satisfaction and inception. seize opportunities. Our W i t h o u r f o c u s o n expectations. Continues on page 4...

Keppelite I December 2012 ...continued from page 3. From the CEO – Shaping the Future

Teamwork, above all, structured learning and innovation have enabled continued efforts to defines and fortifies us as development framework us to offer cost-effective advance our technology a Group. As Keppelites, and programmes that are solutions that meet the edge and productivity. we all share in the Group’s tailored to our Group’s evolving and exacting vision and culture of business needs. needs of our customers, As we stretch into passion, integrity and the while distancing ourselves new frontiers such as Can-Do! spirit. Our core As we embrace change from competitors. We developing Arctic and values serve as an enduring and develop ourselves to have set benchmarks – offshore wind technology bond and reference point stay relevant, we continue from our proprietary rig as well as expand into new for Keppelites wherever to place strong emphasis designs and waste-to- territories, we take the we are. on nurturing a sustainable energy solutions to our practical approach that and cohesive cast of future iconic properties. our solutions and services Continued investment leaders and employees to must be adaptive and in talent development steer the Group through Driving our R&D efforts commercially viable. We and training will be difficult landscapes. and technology foresight are confident of achieving key as we build up our further is the Keppel this by engaging and bench strengths in future SHARPENED FOCUS Technology Advisory working in partnership with generations of the Keppel ON TECHNOLOGY Panel, supported by our customers to anticipate team. Through our in- T h i s b r i n g s m e t o centres of excellence. their needs and bring new house Keppel College and another imperative – to The recent restructuring solutions to the markets. Training Centres, we are innovate, improve and of Keppel Offshore & growing the capabilities grow as a Group. Thus Marine’s Technology REACHING of our workforce with a far, technology and Division highlights our NEW LEVELS OF EXCELLENCE Ours is a story authored by diverse hands in different languages, but all carrying the Keppel signature of distinction. Through the years, we have grown and prospered – not by chance, but because we have remained adaptive and rigorous in seeking innovation and productivity enhancements as part of our drive for operational excellence.

With increasing global competition, how the plot of our future growth will develop depends on how Keppelites share in the Group’s vision and culture defined by passion, integrity and the Can-Do! spirit creatively we build on our

Keppelite I December 2012 successes and continue to harness talent, technology With increasing global competition, how the plot of our and innovation for future growth will develop depends on how creatively competitive edge. we build on our successes and continue to harness talent, technology and innovation for competitive edge. I would like to rally everyone to be involved – I would like to rally everyone to be involved – to ignite to ignite your imagination your imagination and bring new ideas forward. With and bring new ideas initiative and enthusiasm to do things safer, faster and forward. With initiative better, we can all make a difference to write our next and enthusiasm to do things safer, faster and chapter on growth. better, we can all make a difference to write our roots and responsibilities we are further investing Keppelites around the next chapter on growth. to the communities which in systems and training to world, thank you. we are a part of, whose improve our sustainability We must all be spurred aspirations and long-term reporting capabilities and Let us now commit to raise the bar on well-being contribute processes. ourselves to a higher safety – it is a Keppel to the sustainability standard as we start the core value that I cannot and success of our CELEBRATING OUR work of actively shaping overemphasise. We have businesses. CULTURE Keppel’s destiny today. made good headway with Looking back at the Not until the very last our Group-wide safety Building on our tradition past decades of Keppel’s page will we know how a programmes but there is of community service evolution, we can be tale ends, but the sum of more to do as we strive and civic engagement proud of our heritage all our meaningful choices to augment the cultivation will continue to be an and track record. I am – yours and mine – will of safe mindsets and work essential CSR goal. confident that we have determine the outcome practices. Through the Keppel Care laid solid foundations of the Keppel story. Foundation launched this for future generations We will also need to find year, we will aid the needy of Keppelites to take the The future lies in our innovative and more cost- and under-privileged, company further. hands. effective ways, be it in promote education and building rigs, properties or encourage eco-friendly This year, a series of infrastructure. Mindful of mindsets and initiatives. initiatives will be rolled challenges and competition We seek to contribute out to engage Keppelites, ahead, we will have to not only to economic customers, business remain disciplined as we growth but to bring partners and community strive to lift ourselves to longstanding benefits to stakeholders. I invite all of the next level. the communities in which you to participate in the we operate. celebrations. THRIVING WITH COMMUNITIES On the back of incremental A company is only as To capture highlights of our year- long celebrations, a micro-site Even as we progress, we p r o g r e s s m a d e i n good as its people. So, to has been launched at have never forgotten our sustainability reporting, every single of our 40,000 www.kepcorp.com/keppelat45

Keppelite I December 2012 6 Sustaining Growth Growth

Producing for offshore Malaysia

Keppel Shipyard and BC installation of the helideck, Petroleum, a joint venture fabrication and installation of between Roc Oil Company, the flare tower, upgrading of Dialog Group and Petronas accommodation facilities, and Carigali, celebrated installation and integration the naming of an Early of the process modules. Production Vessel (EPV) unit on 3 December 2012. The conversion of Balai Mutiara is an extension of To date, the teams have the Balai Cluster Risk Service clocked more than 600,000 Contract, which is the second safe man-hours on the contract to be awarded project with zero lost-time by Petronas under its new incidents. petroleum arrangement for the development and The Lady Sponsor, Puan production of marginal Hatijah Abdul Latiff, wife hydrocarbon reserves in of Encik Ramlan Abdul Malaysia. Malek, VP, Petroleum Management Unit, The first Risk Service Contract Exploration & Production, had brought about the P e t ro n a s , n a m e d t h e modification and upgrading EPV, Balai Mutiara. of the Floating Production Storage and Offloading When completed, Balai (FPSO) vessel, Berantai. This Mutiara will proceed to was also undertaken by the Balai Cluster oil fields, Keppel Shipyard, and was offshore Malaysia, to carry completed a few months out extended well tests in ago. the Balai, Bentara, Spaoh and West Acis fields. Over the years, Keppel Shipyard has had the privilege The project teams were led to participate in a number by Elias Xanthopoulos of BC of projects for Malaysia Petroleum and Leong Siew and Petronas. Besides FPSO Loon of Keppel Shipyard with Berantai, Keppel Shipyard a firm, safety-first mindset. delivered the Floating Storage Unit, Tenaga Empat, earlier Keppel Shipyard’s work this year and successfully scope on this EPV project completed the Floating includes refurbishment Storage and Offloading (FSO) and life extension works, unit, FSO Sepat, in 2011. When completed, Balai Mutiara will proceed to the Balai cluster of fields, offshore Malaysia, to carry out extended well tests keppelite

Keppelite I December 2012 Sustaining Growth 7

Striking start for Philippine offshore platform

Keppel Subic Shipyard in the Philippines has started construction of the first Extending offshore platform to be aid fully built in the country. Together with its customer, Philippine President Shell Philippines Exploration Benigno Aquino III was BV (SPEX), the yard marked scheduled to attend the the cutting of the first event but was called steel plate for a Depletion away to oversee the Compression Platform (DCP) relief operations for on 7 December 2012. the victims of typhoon Bopha, the strongest Mr Tong Chong Heong, s t o r m t o h i t t h e CEO of Keppel Offshore Philippines this year. & Marine (Keppel O&M), shared, “Keppel has been To assist the victims of (From left) Mr Sabino Santos, Asset Manager of Chevron Malampaya, Mr Tong Chong Heong, present in the Philippines CEO of Keppel O&M, Ms Milagros Magsaysay, representative of the first district of Zambales, typhoon Bopha, Keppel since 1975. Keppel Subic Mr Sebastian Quiniones, SPEX Asset Manager and MD, Ms Josefina Patricia Magpale-Asirit, Philippines Marine and Undersecretary for DOE, and Mr Gemiliano Lopez Jr., Chairman of PNOC-EC Shipyard is one of our two Keppel Subic Shipyard yards in the country. Over the t o g e t h e r d o n a t e d years, the yard has grown its Mr Leong Kok Weng, President platform. It is designed to PhP300,000 to the ship repair and fabrication of Keppel Subic Shipyard, maintain the current availability Philippine Red Cross. competencies. As a key yard said, “We are working and deliverability of natural in Keppel O&M’s global as one team with SPEX gas from the Malampaya Mr Tong Chong Heong, network, we continue to towards our common goal field through regulating CEO of Keppel O&M, enhance its facilities and the of successfully completing the gas export pressure and shared, “Our thoughts capabilities of its workforce the DCP. To ensure safe flow rates. are with the families to take on more offshore and efficient operations, we and victims of the projects. have been expanding our The development of the typhoon. We hope that facilities and increasing the DCP forms Phase 3 of the our contributions will “We are committed to capabilities of our workforce. Malampaya Deep Water go some way to provide extend and improve our We are pleased to enter Gas-to-Power project, which them with comfort services for our customers. the construction phase and is led by the Department and assist them with With the strong support will continue to work hard o f E n e r g y ( D O E ) a n d recovery.” from the national and local towards delivery.” supported by the consortium government, and good comprising the Malampaya teamwork between us and When completed, the DCP will project operator, SPEX, and SPEX as well as their joint be deployed in the Malampaya its joint venture partners, venture partners, we are gas field, near Palawan Island, Chevron Malampaya LLC confident that this project Philippines, where it will and the Philippine National will progress safely and operate next to an existing Oil Company-Exploration promptly.” shallow water production Corporation. keppelite

Keppelite I December 2012 8 Sustaining Growth

Expanding logistics footprint into Indonesia New joint venture brings Keppel Logistics’ winning formula for efficient and reliable logistics services into Indonesia.

Keppel Telecommunications & Transportation’s (Keppel T & T ) w h o l l y - o w n e d subsidiary, Keppel Logistics, has formed a joint venture with PT Puninar Jaya (Puninar Logistics) to provide integrated logistics services for the consumer and retail goods sector in Indonesia.

The joint venture company (JV Co), PT Keppel Puninar Logistics, will be 49% owned by Keppel Logistics and 51% owned by Puninar Logistics.

S y n e r g i s i n g K e p p e l Logistics’ strengths in serving the fast moving Launching the logo for Keppel Puninar Logistics were (from left): Mr Pang Hee Hon, CEO of Keppel T&T; Mr Tjahjadi Lukiman, CEO of Puninar consumer goods (FMCG) Logistics; Mr Eddy Korompis, President Commissary of Puninar Logistics; Mr Teo Soon Hoe, Senior ED of Keppel Corporation and Chairman of industry, modern logistics Keppel T&T; H.E. Mr Anil Kumar Nayar, Singapore’s Ambassador to Indonesia, and Mr TP Rachmat, President Director of PT Triputra Investindo Arya management expertise and IT infrastructure with Puninar Logistics’ wide domestic storage space and a fleet of look forward to leverage The JV agreement signing distribution network and 800 vehicles. our capabilities to provide ceremony was graced by storage capabilities, the JV value-added solutions for His Excellency Mr Anil Co will provide customised Mr Pang said, “Indonesia’s our customers and partners Kumar Nayar, Singapore’s and cost-effective integrated economic growth has been through this joint venture.” Ambassador to Indonesia; logistics services, with a supported by large domestic Dr Muhamad Chatib Basri, focus on the growing FMCG, consumption and rising For the past five years Chairman of Indonesia’s retail and healthcare sectors incomes, particularly in the since 2007, the Indonesian Investment Coordinating in Indonesia. middle-income segment. The economy has posted healthy Board (BKPM); Mr Teo Soon rise in consumerism creates a GDP growth rates above 6%, Hoe, Senior ED of Keppel Puninar Logistics’ growing demand for quality except for 2009, when it grew Corporation and Chairman c o m p re h e n s i v e r a n g e logistics services, especially 4.5%. Indonesia’s economic of Keppel T&T; Mr TP of integrated logistics in sectors such as retail and performance in the first half Rachmat, President Director services are supported by healthcare. As a leading of 2012 has been positive, of PT Triputra Investindo 150,000 sm of indoor integrated logistics solutions with a projected overall GDP Arya and Mr Eddy Korompis, warehouse facilities, provider backed by 40 years growth rate of 6.1% in 2012 President Commissary of

150,000 sm of open yard of extensive experience, we by the World Bank. Puninar Logistics. keppelite

Keppelite I December 2012 Sustaining Growth 9

Customised for Saudi Aramco

Keppel FELS has delivered to demonstration of our ability Aramco Overseas Company to deliver value through B.V., a subsidiary of Saudi leading edge technological Aramco, its first KFELS Super as well as operational B Class jackup drilling rig. excellence.” The rig, named SAR 202 in Singapore on 29 September Mr Mohammad Al-Hattab, 2 0 1 2 , w a s d e l i v e r e d Manager, Department Head, 13 days ahead of schedule, Southern Area Oil Drilling on budget and with a perfect Department, Saudi Aramco safety record. said, “We started this project during the downturn and To be deployed in offshore naysayers said that it would Saudi Arabia, SAR 202 has be late and that we would been customised to Saudi overrun the budget. It has Aramco’s requirements. It instead been delivered early is equipped with a high and within budget. capacity hook load of two million pounds for operations “This was accomplished in high temperature and high despite the fact that we pressure wells. Capable of changed the whole control drilling down to 30,000 feet, system after the Macondo the proprietary KFELS Super incident. In fact, the rig was B Class design is a global fully upgraded to 100% Mr Chow Yew Yuen, COO, Keppel O&M (in blue) and Mr Khaled Al-Buraik (seated), VP, benchmark for ultra deep API standards without any Drilling and Workover, Saudi Aramco celebrate the delivery of SAR 202 together with the well drilling rigs. delay. Keppel FELS has teams from Keppel FELS and Saudi Aramco proven to be an excellent Mr Wong Kok Seng, MD partner for us.” (Offshore) of Keppel Offshore & Marine and MD of Keppel Besides the SAR 202, FELS, said, “This order was another KFELS B Class a win-win situation as Saudi jackup rig, West Callisto Aramco gave us our first order has also been chartered on in 2010 that kick-started the a three year contract with jackup building boom, while Saudi Aramco. we have delivered their very first purpose-built, next- The proprietary KFELS Super generation offshore drilling B Class design has been rig to their satisfaction. developed to meet the demand for more powerful “The KFELS Super B Class is jackups as the search for a cost-effective and highly hydrocarbons moves into capable design ideally suited harsher environments and to meet the needs of the deeper underground. SAR Following the delivery of SAR 202, Mr Khalid A. Al-Falih, President and CEO of Saudi Aramco (fourth from right) visited Keppel FELS on 30 October 2012 to reinforce the good relations Middle East. The excellent 202 is the sixth such jackup and tour the yard completion of this rig is a built by Keppel FELS. keppelite

Keppelite I December 2012 10 Sustaining Growth

Optimum PRIMUS

Keppel FELS delivered PRIMUS, a KFELS B Class jackup rig, to offshore Mexican oil field services company, Integradora de Servicios Petroleros Oro Negro (Oro Negro), seven days early and with a perfect safety record.

PRIMUS was named by Lady Sponsor Mrs Brenda Gil on 4 December 2012 at Keppel FELS, in the presence of Mexican Ambassador H.E. Antonio Villegas Villalobos with his wife, Mrs Claudia Mexican Ambassador, H.E. Antonio Villegas Villalobos (third from left) and partner, Mrs Claudia Villegas (second from left); Mr Gonzalo Gil- White (sixth from left), Co-CEO of Oro Negro; Lady Sponsor Mrs Brenda Gil (sixth from right); Mr Tong Chong Heong (fifth from right), CEO Villegas. of Keppel O&M and Mr Chow Yew Yuen (fourth from left), COO of Keppel O&M and senior management from Oro Negro and Keppel FELS celebrate the naming of PRIMUS Mr Chow Yew Yuen, COO of Keppel Offshore & Marine – and with a perfect safety Mr Gonzalo Gil-White, Co- PRIMUS is the first of two rigs (Keppel O&M) said, “This is record. CEO of Oro Negro, said, by Keppel FELS for Oro Negro a significant milestone in our “By partnering with Keppel after the Mexican company partnership. PRIMUS is the “We are pleased to be able FELS, we have been assured purchased them from Jasper first rig that Keppel FELS has to support Oro Negro in of receiving this premium Investments. It is also Oro built for our new customer expanding their fleet of rig without incident and Negro’s first jackup rig and Oro Negro, and we are proud high specification jackup ahead of time. This is a is suited for deployment in to be able showcase the rigs to provide premium oil value-added service which various parts of the world Keppel hallmark of delivering field services to the offshore our customers appreciate including the Gulf of Mexico.

early – seven days to be exact sector.” as well.” keppelite World energy champion

Market leadership, a Corporation as one of 16 Citigroup Research’s report world energy champions strong balance sheet and world energy champions elaborated that Keppel’s have strongly outperformed good management are which can deliver strengths include a global the MSCI sector over the past

characteristic of companies superior performance to network of yards and 10 years. keppelite that have survived, and even investors. Standing out strong commitment to flourished, during uncertain among the champions, R&D. times. Keppel Corporation was also selected as Asia’s Other champions include With these metrics, Citigroup ‘Best-of-the-Best’ energy companies like ExxonMobil, Research identified Keppel champion. Seadrill and Gazprom. These

Keppelite I December 2012 Sustaining Growth 11

Straight talk Mr Choo Chiau Beng, CEO of Keppel Corporation was interviewed by Bernie Lo of CNBC ’Straight Talk’ on 16 November 2012. Keppelite presents highlights of the interview.

BL: While the status quo a lot of people outside is standard technology, of Singapore. are you concerned that new technologies such It is very important to keep on as horizontal drilling for improving both productivity petroleum, or fracking, and quality to make the will affect Keppel’s business viable in Singapore. business as the world’s Because of our excellent largest producer of logistics and supply chain in offshore marine rigs? Singapore, we are still very CCB: We are always competitive in the offshore concerned about area, particularly for jackups. technologies that disrupt In addition, the Singapore our business, but for the business climate enables moment, we do not think businesses to function that this will impact us, as profitably even though costs there is a lot of controversy are high. surrounding fracking due to environmental and health The key is to add value for concerns associated with the our customers. For example, technology. a rig or a ship requires a very short term turnaround, and BL: Given that the costs the best place to build it of operating in Singapore would be in Singapore where have escalated, would we are able to offer this value this force Keppel to to the customer. change its structure or the way forward The above interview highlights given that 50% of your have been reproduced with

Mr Choo Chiau Beng, CEO of Keppel Corporation, opined that Keppel will constantly improve workforce is based in permission from CNBC. its productivity and quality in order to operate viably Singapore? Would you ‘Straight Talk’ with Bernie become more global and Lo features exclusive one-on- less Singaporean? one interviews with leaders Bernie Lo (BL): How is revived demand for jackups CCB: Ultimately, Singapore in the corporate, political and the state of Keppel’s and semisubmersibles has a limited land area, social scene. keppelite business? because many of the old and our offshore and Choo Chiau Beng (CCB): jackups are obsolete. The marine business is very Our yards around the world demand for better and international because we are expecting to deliver more powerful equipment adopt a Near Market, Near a record number of rigs is there, and we are in good Customer strategy. This next year, and we are going stead to get a fair share of means that for offshore to be very busy. There is the business. and marine, we employ

Keppelite I December 2012 12 Sustaining Growth

World’s best commercial development

Ocean Financial Centre Gazprom and Trafigura. They (OFC), Keppel REIT’s newest add to the stellar line-up of property, leads in architectural multinational companies and building excellence such as ANZ, BNP Paribas having been named the and Drew & Napier. World’s Best Commercial High-rise Development at Keppel REIT Management the International Property has also successfully Awards on 7 December 2012 completed the refinancing in London. of OFC’s construction loan of $598 million at competitive Ms Ng Hsueh Ling, CEO of interest rates. The refinancing Keppel REIT Management, significantly lengthens Keppel said, “OFC is undeniably REIT’s weighted average one of the best commercial debt maturity profile from p r o p e r t i e s w i t h a n 2.3 years to 3.4 years as at enviable location at the September 2012. Raffles Place and Marina Bay precincts. The latest D e v e l o p e d b y K e p p e l award reflects Keppel REIT Land, OFC won the Best Management’s commitment Office Architecture, Best towards investing in quality Office Development and commercial properties Best Commercial High-rise that will provide stable Development in Singapore and sustainable returns to and subsequently clinched the our Unitholders.” award for Best Commercial High-rise Development at the Since taking a majority Asia Pacific Property Awards interest of 99.9% in Ocean in April 2012. Properties Limited Liability Partnership, which owns The landmark premium O F C , K e p p e l R E I T Grade A office development Management has successfully was completed in April 2011. increased occupancy from At 43-storeys high, it is one about 80% in October 2011 of the newest and largest to about 96% to-date. office buildings in Singapore’s CBD with approximately Its latest tenants include 886,000 sf of net lettable those from the energy area. Phase 2, which and natural resources as comprises a carpark and well as legal and financial retail podium, is currently service sectors, namely under construction with Anglo American, CBRE completion expected by

Global Investors, Freshfields, 3Q 2013. keppelite Keppel REIT’s newest property, Ocean Financial Centre, was named the World’s Best Commercial High-rise Development at the International Property Awards

Keppelite I December 2012 Sustaining Growth 13

Industry recognition

Director of Keppel FELS Brasil and VP of SINAVAL, shared, “Our strong practices stem from the commitment to safety, quality and efficiency, which we seek to inculcate at all levels of our workforce.

“We continue to seek ways to improve our operations and raise our standards, and so deliver strong results for all our stakeholders.”

BrasFELS’s win can be attributed to its adoption Mr Abu Bakar Mohd Nor, CEO of N-KOM (centre), receives on behalf of N-KOM, the Ship Repair/Shipyard Award at Seatrade Middle East & of Programa IN9VE, Indian Subcontinent Awards 2012 a p r o g r a m m e w h i c h facilitates the development of innovative ideas which K e p p e l O f f s h o r e & Indian Subcontinent Awards offshore and onshore enhance processes, solutions Marine’s (Keppel O&M) 2012. services.” and the work environment in yards worldwide uphold a sustainable manner. exceptional practices and Mr Abu Bakar Mohd Nor, Commitment to services that continue to CEO of N-KOM, shared, quality BrasFELS also stood out for receive recognition from the “We are very encouraged Over in Brazil, BrasFELS its success at uniting its industry. by the recognition we have secured the Quality and workforce with a common set received from the industry Sustainability Naval Award of core values, which guide Yardstick of for our practices and in the large-size company the workforce’s conduct customer service performance. category at an awards event and the yard’s operations, Only two years since its organised by Brazil’s National enabling them to deliver inauguration, Nakilat-Keppel “Our growth over the last Union of Construction, projects safely, on time and O&M (N-KOM) in Qatar two years is due largely Ship Repair and Offshore within budget. keppelite has swiftly established to the immense support Industry (SINAVAL) and the its reputation for quality we have received from non-profit organisation operations. the Qatari government, for sustainability, ARO Qatar Petroleum and the Foundation. The yard was conferred the Port of Ras Laffan as well Ship Repair/Shipyard Award as our business partners, Held on 12 November 2012 at Seatrade Middle East & customers, suppliers and in Rio de Janeiro, the event Indian Subcontinent Awards vendors, and employees. recognises and encourage 2012, which was held on sustainable practices in the 26 November 2012 in Dubai. “We will continue to naval and offshore industry. N-KOM was also named enhance our capabilities Shipyard of the Year at the and grow into a centre Mr Alceu Mariano, Lloyd’s List Middle East & of excellence for marine, Institutional Relations

Keppelite I December 2012 14 Sustaining Growth

Delivering on excellence

Keppel FELS delivered Ukraine’s for Chernomornaftogaz, a The leg installation and re- Mr Lars Bruun, Project first two KFELS B Class jackup subsidiary of Naftogaz, has commissioning was fuss- Manager appointed by rigs, Piter Godovanets and successfully completed its free, owing to the seamless Chernomornaftogaz, NEZALEZHNIST earlier this re-commissioning in Giresun, collaboration between Keppel commended the team, year. Turkey, after crossing through FELS and sister shipyard, “I’ve rarely had a customer the famous Bosphorus Caspian Shipyard Company more satisfied with an Piter Godovanets has been Bridge. in Baku, Azerbaijan. overall project result and operating in the field of its total performance as this Odessa on the Black Sea Due to height restrictions The success is testament project.” successfully for the last six of the bridge, which has a to the synergy between months while NEZALEZHNIST limited clearance of 210 feet Keppel’s sister yards, a “Keppel FELS’s core values (Independence) will start above water level, the upper well-planned execution were deeply integrated work soon. sections of the jackup rig’s strategy and innovativeness through the project manager legs and the upper part of in overcoming challenges. and then transformed NEZALEZHNIST, the second the derrick could only be to high project quality KFELS B Class jackup rig installed after the crossing. In a letter to Keppel O&M, performance by the on-

NEZALEZHNIST, the second jackup rig for Naftogaz, had to cross the Bosphorus Straits to be deployed on the Ukrainian shelf of the Black Sea

Keppelite I December 2012 Sustaining Growth 15

site team throughout the entire project scope of work. Individual skills and team competence provided qualitative work in all phases, adding value to the project for our ultimate customer.”

For the Black Sea Keppel FELS has signed a contract with Ukraine’s National Joint-Stock Company “Naftogaz of Ukraine” (Naftogaz) on 4 December 2012, to construct t w o s e m i s u b m e r s i b l e drilling rigs worth about US$1.2 billion. The contract will take effect upon final corporate approvals.

The rigs will be built to Keppel FELS’s proprietary The DSS™ 38U design is a modification of the successful DSS™ 38 semisubmersible rig (shown) DSS™ 38U design, which is customised for the harsh weather conditions designs capable of operating of the Black Sea. These in all frontiers. Coupled with We have a suite of proprietary include extreme freezing our experience in building semisubmersible designs capable of temperatures, storms with harsh environment rigs and strong winds and heavy the strong partnership we operating in all frontiers. Coupled seas. have built up with Naftogaz, with our experience in building we are confident of delivering harsh environment rigs and the Mr Wong Kok Seng, MD robust, high quality rigs that strong partnership we have built up (Offshore), Keppel Offshore will excel in operations in the with Naftogaz, we are confident of & Marine (Keppel O&M) Black Sea.” delivering robust, high quality rigs and MD of Keppel FELS said, “We are pleased to Mr Evgen Bakulin, Chairman that will excel in operations in be chosen by Naftogaz to of Naftogaz, added, “The the Black Sea. work on these two complex addition of these rigs to our Mr Wong Kok Seng projects for the Black Sea. fleet is part of our extensive MD (Offshore), Keppel O&M, and MD, Keppel FELS Having delivered two jackup programme to modernise rigs to them for the Black our offshore exploration and Sea, we understand the production facilities. This “We selected Keppel FELS us, a new-generation and specifications necessary for will allow us to reach a new because they best met our cost-effective rig with high rigs to work in such extreme level of shelf development tender requirements and specifications. We look conditions.” in the Black and Azov Seas, they are a proven partner, forward to continuing this rapidly boost our oil and gas having delivered two world win-win partnership with “We have a suite of production and reduce our class jackup rigs to us. The Keppel as we grow our proprietary semisubmersible imports of natural gas. DSS™ 38U design is for offshore capabilities.” keppelite

Keppelite I December 2012 16 Sustaining Growth

Shipshape execution

Keppel Offshore & Marine from Hercules Offshore Senior Managing Executive held on 28 November 2012 (Keppel O&M) is bustling ( H o u s t o n ) p r e s e n t e d Officer of JDC presented at Keppel FELS. Present at with activity as new projects Mr Yong Chee Min, GM, HSE Mr Wong Fook Seng, ED the ceremony was Mr Ibrahim pull into its yards in Singapore of Keppel O&M with a safety (Operations) of Keppel FELS, Al-Othman, CEO of GDI, and the Netherlands. By bonus of $10,000. with a safety bonus cheque Mr Yoichi Onoe, COO of setting high standards, the of US$10,000. GDI and the project team project teams have achieved With more than 80% of comprising of Mr Fahad many safety and performance construction completed, Longstanding customer, Al-Ahbabi, Commercial milestones this year. the new-generation KFELS Maersk also marked two M a n a g e r o f G D I a n d Super A Class jackup rig, more milestones with Mr Mohsen Abdelalim, Double celebrations were Discovery Triumph, achieved Keppel FELS on 23 November Technical Manager and held on 18 October 2012 3.4 million man-hours 2012. The first was the Project Manager at GDI. for safety achievements without lost time incident strike steel of jackup B347, onboard Discovery Offshore’s (LTI). Discovery Resilience, followed by an award O n j a c k u p B 3 3 5 f o r two KFELS Super A Class which is nearing the half way ceremony for jackup B331 Transocean, Keppel FELS rigs under construction at point in its construction has which achieved four million also clocked two million safe Keppel FELS. A total of five reached a safety milestone of safe man hours. Mr Morten man hours. To commemorate million safe manhours were 1.6 million manhours worked Poulsen, Senior Director of this achievement, Mr Ray recorded on the jackup without LTI. Maersk presented Keppel Campbell, Transocean Project rigs, Discovery Triumph and FELS with a safety bonus Manager for B335 presented Discovery Resilience. JDC and Keppel FELS also cheque in commemoration Keppel FELS with safety jointly celebrated safe of an excellent safety bonus cheque of US$10,000 In recognition of the project manhours on the jackup record. on 11 December 2012. team’s safety efforts, B333. On 19 October 2012. Mr Dan Farr, Director of Mr Shannon Guidry, GM, Mr Yuichiro Ichikawa, GDI’s strike steel ceremony New Builds at Transocean was International Operations, Representative Director and for the jackup B342 was also present.

Keppel Singmarine launches jackup B337, Standard Integrity for Standard Drilling on Commemorating two million safe man hours on jackup B333, Hakuryo-II, Mr Yuichiro 1 December 2012 Ichikawa (left), Representative Director, Senior Managing Executive Officer of JDC presents Mr Wong Fook Seng (right), ED (Operations) of Keppel FELS with a plaque

Keppelite I December 2012 Sustaining Growth 17

Over at Keppel Singmarine, jackup B337, Standard Integrity, owned by customer Standard Drilling, was launched on 1 December 2012, in the presence of Mr Mike Kelly, CEO of Standard Drilling and his project team. This project, which is contracted to Keppel FELS, leverages the synergistic capabilities of Keppel yards.

Across the seas, Keppel Verolme in the Netherlands c o m p l e t e d e x t e n s i v e upgrading, repair, and maintenance works on Scarabeo 6, Saipem’s semisubmersible drilling rig. The unit now has increased drilling capabilities to drill to water depth of 1,200 metres. Scarabeo 6 Keppel Verolme completes upgrading, repair, and maintenance works on Scarabeo 6, Saipem’s semisubmersible drilling rig left the yard on 2 December

2012. keppelite

Excelling in investor relations

For their strong commitment top honours at the IR This is the second year and road shows. Keppel to engage shareholders, Magazine Southeast Asia r u n n i n g t h a t K e p p e l Corporation alone conducted Keppel Corporation and Conference and Awards held Corporation and Keppel Land about 200 meetings in 2012 Keppel Land were bestowed on 6 December 2012. have been conferred the Best with investors and analysts Investor Relations Award across Europe, Hong Kong, by section (Industrials) and Japan, Singapore and the At Keppel, we are driven by a strong Grand Prix for Best Overall US. sense of accountability towards Investor Relations Award for investors and stakeholders. We make a mid or small cap company, The Group has also been respectively. helping analysts and investors the effort to understand the concerns better understand its key of shareholders and better engage Keppel’s senior management businesses by facilitating the investing community by providing and investor relations (IR) visits to overseas projects prompt and accurate information teams meet regularly with and units such as the Sino- about our company. investors and analysts and Singapore Tianjin Eco-City Ms Wang Look Fung participate in local and in China and the BrasFELS

Director of Group Corporate Affairs international conferences shipyard in Brazil. keppelite Keppel Corporation

Keppelite I December 2012 18 Sustaining Growth

From strength to strength in 2012

R o o t e d i n s t r o n g is a veteran in the oil, gas September Corporation, acquired a fundamentals, Keppel and petrochemical sector, The Keppel Care Foundation 49.9% substantial stake in continues to grow across with 38 years of experience was launched to provide OWEC Tower, an industry- various businesses and with Mobil Oil and later a more structured and leading designer of jacket m a r k e t s , e x c e e d i n g ExxonMobil. sustainable framework foundation, to strengthen expectations in the face of for the Group’s Corporate Keppel Offshore & Marine’s an increasingly challenging July Social Responsibility work. (Keppel O&M) range of global environment. K e p p e l C o r p o r a t i o n Keppel will commit up to solutions for the offshore subscribed to US$115 million S$50 million over the next wind industry. KEPPEL CORPORATION of new shares in KrisEnergy, 10 years to the Foundation. an independent upstream Keppel AmFELS secured a June oil and gas company with a OFFSHORE & MARINE US$150 million contract K e p p e l C o r p o r a t i o n diverse portfolio in Southeast from Diamond Offshore to appointed Mr Tan Puay Asia. Keppel Corporation January construct and upgrade a Chiang as an independent holds 20% of KrisEnergy’s KV Ventus, a wholly- deepwater semisubmersible Director on its Board. Mr Tan enlarged share capital. owned subsidiary of Keppel rig.

Nature Cares, a wellness programme launched by Dr Tony Tan (third from left), President of the Republic of Singapore, is one of the initiatives supported by the Keppel Care Foundation

Keppelite I December 2012 Sustaining Growth 19

K e p p e l S i n g m a r i n e celebrated the christening of ROCKPIPER, a new- generation rock-dumping fall pipe vessel that was delivered safely, on time and within budget to Royal Boskalis Westminster.

February Keppel O&M Technology Centre (KOMtech) and ConocoPhillips announced a joint project to design a first-of-its-kind ice-worthy jackup rig to operate in the Arctic Seas.

ENSCO 8505, the sixth of seven ENSCO 8500 Series® semisubmersibles for Ensco, was delivered on time, within budget and with a perfect safety record.

Capping a great partnership between Keppel FELS and Ensco were the deliveries of the sixth and the seventh rigs in the ENSCO 8500 Series® of March ultra-deepwater semisubmersible rigs in 2012 M r C h o w Ye w Yu e n was appointed COO of Keppel O&M.

April Keppel O&M’s Technology Division was restructured to bring existing and new research and process improvement units under one umbrella to fortify the group’s commitment to advance its technology leadership.

Keppel AmFELS won a US$205 million contract from its repeat customer Perforadora Central SA de CV to build a LeTourneau Super 116E jackup rig.

ROCKPIPER, a new-generation rock-dumping fall pipe vessel was delivered by Keppel Singmarine safely and within budget to Dutch dredging Continues on page 20... and marine contractor, Royal Boskalis Westminster N.V. (Boskalis)

Keppelite I December 2012 20 Sustaining Growth

...continued from page 19.

Keppel Shipyard secured contracts worth $170 million in total to upgrade Floating Production Storage and Offloading (FPSO) projects from SBM Offshore and Bumi Armada.

May Keppel FELS delivered Piter Godovanets, Ukraine’s first KFELS B Class rig.

Keppel O&M celebrated its 10th Anniversary on 1 May 2012 at its annual cocktail party at the Offshore Technology Conference in Houston, US.

June Bumi Armada’s FPSO Armada Sterling (on left) and FPSO Armada Claire (on right) are seen docked side by side at Keppel Shipyard. Armada Keppel FELS secured a third Sterling is the tenth project to be completed by Keppel Shipyard for long-term customer Bumi Armada. FPSO Armada Claire is currently undergoing refurbishment and upgrading works at the yard contract from Maersk Drilling Holdings Singapore, a wholly owned subsidiary of A.P. Moller – Maersk A/S, to build a Gusto MSC CJ70 ultra harsh environment jackup rig worth about US$560 million.

Keppel FELS celebrated the naming of NEZALEZHNIST, Ukraine’s second KFELS B Class jackup rig delivered safely, ahead of schedule and within budget.

Keppel Shipyard delivered to its repeat customer SBM Offshore, FPSO Cidade de Paraty – the yard’s 100th FPSO/Floating Storage and Offloading (FSO)/ Floating Storage and Re-gasification Unit (FSRU) conversion and upgrading project.

Keppel FELS delivered Seafox 5, one of the world’s largest offshore wind turbine installers and the first to be built in Singapore, capable of July operating in up to 65-metre water depth in harsh environments – the deepest for such vessels. Seafox 5 was delivered to the Seafox Group ahead of time and with an impressive safety record Keppel FELS delivered

Keppelite I December 2012 Sustaining Growth 21

With a strong pipeline of projects, Keppel FELS Brasil’s BrasFELS yard constantly seeks ways to enhance operational efficiencies to meet the demand for locally-built rigs in Brazil

ENSCO 8506, the final unit Engineering Corporation and Keppel FELS Brasil clinched largest and most capable in the series of seven ENSCO MODEC, Inc. two contracts worth a total pipelay vessels. 8500 Series® semisubmersible of US$950 million from rigs it was engaged to build Keppel Shipyard secured three Petrobras-led consortiums, Keppel FELS delivered for Ensco. conversion and upgrading Guara BV and Tupi BV, for the Seafox 5, built to its contracts with a combined fabrication and integration proprietary Multi-Purpose Keppel Kazakhstan and value of S$103 million from of topside modules for the Self-Elevating Platform its consortium partner, PTSC Asia Pacific, Perenco FPSO units P-66 and P-69. (MPSEP) design, to the Ersai Caspian Contractor, Group and BC Petroleum. Seafox Group. secured a contract worth Keppel FELS signed a US$242 million for a KFELS August contract to build for Floatel a Keppel Shipyard delivered B Class jackup rig from Teniz Keppel O&M through its DSS™ 20NS accommodation FPSO Cidade de Anchieta to Burgylau. subsidiary Fernvale firmed semisubmersible rig worth SBM Offshore. up contracts totalling US$315 million. Keppel FELS Brasil secured US$4.1 billion for the October an FPSO topside contract design and construction of September Keppel O&M appointed worth US$200 million from five additional DSS™ 38E Keppel O&M and its Italian Mr Michael Chia as MD MODEC and Toyo Offshore semisubmersible drilling rigs customer Saipem S.P.A (Marine) of Keppel O&M, Production Systems Pte for Sete Brasil Participações celebrated the naming of Ltd, a joint venture of Toyo SA. Castorone, one of the world’s Continues on page 22..

Keppelite I December 2012 22 Sustaining Growth

...continued from page 21.

Mr Wong Kok Seng as MD November Keppel O&M celebrated seven days early and with a (Offshore) of Keppel O&M Keppel Subic Shipyard its 10th Anniversary on perfect safety record. and Mr Chor How Jat as MD announced its contract 26 November 2012 at of Keppel Shipyard. with Shell Philippines Gardens by the Bay with Keppel FELS won a contract Exploration B.V. to build Deputy Prime Minister from PEMEX Exploracion Keppel FELS delivered ahead a depletion compression and Minister for Finance, y Produccion, a subsidiary of schedule and with a strong platform, while Keppel M r T h a r m a n of Mexico’s national safety record, Paradise 400, Verolme was engaged Shanmugaratnam as Guest- oil company, Petroleos the first high-specification b y H e e r e m a M a r i n e of-Honour. Mexicanos, to build two KFELS B Class jackup rig for Contractors Nederland KFELS B Class jackup rigs Safin Gulf FZCO. B.V. for the deepwater December worth US$420 million. construction survey of a Keppel FELS won a contract Keppel Shipyard delivered deepwater construction from Ukraine’s National INFRASTRUCTURE FPSO Armada Sterling vessel. The combined value Joint-Stock Company safely and promptly to of the two contracts is “Naftogaz of Ukraine” February Bumi Armada. $160 million. (Naftogaz) to construct two Securus Data Property Fund semisubmersible drilling rigs Pte. Ltd. (Securus Fund), K e p p e l S i n g m a r i n e BrasFELS was awarded worth about US$1.2 billion. jointly managed by Keppel commemorated its US$2 million in bonuses for Telecommunications and rich history and strong delivering FPSO Cidade de Keppel FELS delivered Primus, Transportation (Keppel shipbuilding capabilities at Sao Paulo 19 days ahead a KFELS B Class jackup rig, to T&T) and AEP Investment its 125th Anniversary, held of schedule and with an offshore Mexican oil field Management, acquired a on 30 October 2012. excellent safety record. services company, Oro Negro, data centre in London, UK.

Work on the Sino-Singapore Jilin Food Zone International Logistics Park commenced in October 2012, with the first phase of the park, spanning about 40 hectares, expected to be operational in 2014

Keppelite I December 2012 Sustaining Growth 23

local partners, formed a joint venture to develop and operate the Keppel Wanjiang International Coldchain Logistics Park in Lu’an City, Anhui Province, China.

December Keppel Logistics partnered PT Puninar Jaya to enter the Indonesian market to provide integrated logistics services, with a focus on the growing fast moving consumer goods, retail and healthcare sectors.

PROPERTY

January Keppel Seghers’ proprietary waste treatment technology will be employed for a new waste-to-energy facility in Bialystok, Poland Keppel Land China acquired an additional 3.4-ha site with a 292-metre coastline for the Keppel DHCS secured new technology park that forms of a consortium that was integrated residential-cum- contracts to provide district a key part of the Multimedia awarded a $124 million marina lifestyle development cooling systems (DCS) Super Corridor in Malaysia. contract for a waste-to- in Zhongshan, China. The services at Biopolis and energy combined heat and new site will be integrated Fusionopolis at one-north. Keppel T&T established a power project in Bialystok, with the existing 86-ha site $500 million multicurrency Poland. The plant will process acquired in April 2008 and March m e d i u m t e r m n o t e about 120,000 tons of September 2010. Keppel T&T formed a joint programme. waste per year. venture with the Jilin City February Government to develop the July October Keppel Land reported Sino-Singapore Jilin Food Keppel FMO was awarded K-Green Trust was awarded $508.1 million gain from the Zone International Logistics a five-year facilities a Solar Pioneer Award for its sale of the group’s 87.5% Park in Jilin City, Jilin Province. management services photovoltaic (PV) installation stake in Ocean Properties The joint venture will be the contract by Changi Airport at Keppel Seghers Ulu to Keppel REIT (then K-REIT sole operator of the Logistics Group for Terminal 2 of Pandan NEWater Plant. When Asia). Park. Singapore Changi Airport. completed in February 2013, the PV installation will be the Keppel Land China acquired May August largest in Singapore. 51% stake in a commercial Keppel T&T appointed K e p p e l T & T i s s u e d project on an estimated Professor Neo Boon Siong $120 million fixed rate notes Keppel T&T and the Jilin City 2.6-ha site in Beijing’s CBD. and Mr Michael Chia to its due 2019 pursuant to its Government commenced This is the company’s second Board of Directors. $500 million medium term work for the Sino-Singapore property development in note programme established Jilin Food Zone International Beijing. June in June 2012. Logistics Park. Securus Fund acquired an Takashimaya signed a 80% stake in a data centre September November conditional agreement with located in Cyberjaya, a Keppel Seghers was part Keppel T&T, together with Continues on page 24..

Keppelite I December 2012 24 Sustaining Growth

...continued from page 23.

Keppel Land to pre-commit attained temporary June for International Financial an estimated 15,000 sm of occupation permit, making Keppel Land announced Centre Jakarta Tower 2. retail space at Saigon Centre MBFC Singapore’s largest that Mr Ang Wee Gee will Phase 2 in Ho Chi Minh City, integrated mixed-use succeed Mr Kevin Wong as Keppel Land marked the Vietnam. development in the new CEO in 2013. official opening of Jakarta downtown. Garden City’s clubhouse March Keppel REIT acquired an in a ceremony graced by Keppel Land appointed April a p p r o x i m a t e 1 2 . 3 9 % Bapak Murdhani, Mayor of master architect Mr Daniel Ocean Financial Centre (OFC) interest in Ocean Properties East Jakarta. Libeskind for its Plot 3 attained the highest Five for a period of 99 years. development at Keppel Star rating for three award This acquisition increases July Bay, envisioned to be a categories at the International Keppel REIT’s interest in Keppel Land entered a premium waterfront property Property Awards 2012: Ocean Properties from an joint venture agreement comprising 367 homes. Best Commercial High-Rise approximate 87.5% to with Sri Lanka developer, Development, Best Office 99.9%. CT Properties to develop Tower 3 of Marina Bay Development and Best Office luxury condominiums in Financial Centre (MBFC) Architecture in Asia Pacific. Keppel Land broke ground Colombo, Sri Lanka.

Takashimaya signed a conditional agreement with Keppel Land to pre-commit an estimated Keppel REIT topped off of its landmark Sydney office building, 8 Chifley Square, on 25 15,000 sm of retail space at Saigon Centre Phase 2 in Ho Chi Minh City, Vietnam September 2012

Keppelite I December 2012 Sustaining Growth 25

Toasting to a new beginning for International Financial Centre in Jakarta were H.E. Mr Paulo Alberto da Silveira Soares, Ambassador of Brazil to Indonesia (fifth from right), Dr Lee Boon Yang, Chairman of Keppel Corporation (sixth from right), Mr Choo Chiau Beng, CEO of Keppel Corporation and Chairman of Keppel Land (fourth from right), the Board and management of Keppel Land as well as distinguished guests

August Keppel REIT acquired a RMB680.4 million to develop ongoing efforts to further MBFC Tower 3 secured new 50% interest in a new office about 573 landed homes. grow the company. office tenants, bringing the tower in Perth, Western overall commitment level Australia. International Financial Centre Keppel REIT purchased a to over 70% at close to Jakarta Tower 2 is the first Steinway Model D-274 grand 890,000 sf. October development in Indonesia piano which will be housed K-REIT Asia was renamed to receive the Green Mark at OFC to commemorate its September Keppel REIT to position the Platinum Award from the name change. Keppel Land was named company for further and Building and Construction Singapore’s Best Office sustainable growth. Authority of Singapore. December Developer and Vietnam’s Best OFC was named the World’s Developer, Best Residential Keppel Land was awarded a November Best Commercial High- and Best Mixed-use Developer 3.2-ha prime residential site MBFC Tower 3 secured new Rise Development at the at the Euromoney Real Estate along New Upper Changi leases, bringing its overall International Property Award

Awards 2012. Road at $434.55 million. commitment level to 76% at in London. keppelite close to 960,000 sf. Keppel REIT topped off Keppel Land China acquired *Milestones as at 24 of its landmark Sydney a 28.7-ha prime residential Keppel Land announced December 2012. office building at 8 Chifley site in Xinjin County new appointments in its Square. of Chengdu for leadership team as part of

Keppelite I December 2012 26 Special Focus

Toasting to Keppel O&M’s decade of excellence were (front row, L-R) Mr Tong Chong Heong, CEO of Keppel O&M; Dr Lee Boon Yang, Chairman of Keppel Corporation; Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister of Finance; Mr Choo Chiau Beng, CEO of Keppel Corporation; Mr Chow Yew Yuen, COO of Keppel O&M, and the boards and management of Keppel Corporation and Keppel O&M

Keppelite I December 2012 27

Decade of excellence

Having commenced the first leg of celebrations commemorating 10 years of excellence at the Offshore Technology Conference (OTC) in Houston earlier this year, Keppel Offshore & Marine (Keppel O&M) brought the party home to Singapore on 26 November 2012.

The soiree, held at the newly opened Gardens by the Bay, brought the Keppel Board of Directors and senior Deputy Prime Minister and Minister for Finance, Mr Tharman Shanmugaratnam (third from left) touring the exhibition hall of the Keppel management alongside Offshore & Marine 10th anniversary celebrations with Dr Lee Boon Yang, Chairman of Keppel Corporation (second from left), Mr Choo customers, business Chiau Beng (third from right), CEO of Keppel Corporation and Chairman of Keppel O&M, Mr Tong Chong Heong, CEO of Keppel O&M (far left), Mr Chow Yew Yuen (far right), COO of Keppel O&M and Mr Wong Kok Seng (second from right), MD (Offshore) as hosts associates and partners, former Keppel Directors and friends to celebrate the closing of a momentous Looking ahead, we will continue to adopt strategies which year. strengthen and deepen our core competencies. We will not deviate from what has worked well for us, and we will fight Gracing the party as Guest- hard to stay ahead in the industry. of-Honour was Deputy Mr Choo Chiau Beng, Prime Minister and Minister CEO of Keppel Corporation & for Finance, Mr Tharman Chairman of Keppel O&M Shanmugaratnam, who was brought through a colourful exhibition of Keppel O&M’s The confidence and support from all of you have made past, present and future by Keppel Offshore & Marine where we are today. My sincere the Keppel Board of Directors thanks goes out to our customers and business partners. and senior management. Mr Tong Chong Heong Later, the group led the CEO of Keppel O&M guests in a toast to Keppel O&M’s continual success and growth. to both Keppel and its “By eliminating duplicity one. In the process, we have customers. and internal competition, grown from strength to At the party, Mr Choo streamlining our operations as strength,” said Mr Choo. Chiau Beng, CEO of Keppel “The last 10 years have well as harnessing synergies Corporation and Chairman proven that this integration and combined strengths, we Since 2002, the collective of Keppel O&M spoke strategy is right for us. It has have maximised value for strength of Keppel O&M on how Keppel O&M’s demonstrated that a united not only ourselves, but also has delivered strong results. decision to integrate had whole is far greater than the our customers and business been strategically beneficial sum of the parts. partners in more ways than Continues on page 28...

Keppelite I December 2012 28 Special Focus

...continued from page 27.

Revenue grew three-fold achieved over $6.2 billion increase from around 14,000 past and present, who have from $1.9 billion in 2002 i n r e v e n u e . T h e s e in 2002. committed themselves to to over $5.7 billion in 2011. achievements were generated the continued growth of the

For the first nine months by a global workforce of Keppel O&M’s success is company. keppelite of 2012, Keppel O&M has over 30,000, a significant firmly rooted in Keppelites,

Mr Tong Chong Heong (second from left), CEO of Keppel O&M; with Mrs Jeanette Sim (centre), wife of Mr Winston Choo (from left), former Director of Keppel O&M; Ms Lim Hwee Hua , former Director the late Mr Sim Kee Boon, former Chairman of Keppel Corporation and her son Mr Peter Sim (far left); of Keppel Corporation; Mr Tong; Mr Andy Lim, Chairman of Tembusu Partners; and Mr Tony Chew, former Keppelite Ms Shirley Hew (second from right) and her husband, Mr Hoh Sooi Kim (far right) Independent Director of Keppel Corporation

Mr Chee Jin Kiong (from left), HR Director of Keppel Corporation; Mr Choo Chiau Beng, CEO of Keppel Corporation and Chairman of Keppel O&M, and wife Mrs Eileen Choo; Mr Kris Wiluan, Chairman of Mrs Oon Kum Loon (from left), Director of Keppel Corporation; Mr Tong, Mr Po’ad Bin Shaik Abu Bakar KS Energy, Mr Richard Wiluan, Mr Lim Chee Onn, former Executive Chairman of Keppel Corporation; Mattar, Director of Keppel O&M; and Mr Neo Boon Siong, former Keppel Singmarine Director and Mr Wong Ngiam Jih, CFO of Keppel O&M

Mr Alan F.C. Choe (from left), former Director of Keppel Land; Mr Loh Wing Siew, former MD of Mr Choo (centre) with Mr Foster T. Manning (left) of Definitive Management & Investment and Mr Goh Keppel Corporation; Mr Choo; Mr Hwang Peng Yuan, former Director of Keppel Corporation; and Boon Kiat, former Keppel Singmarine Executive Director Ms Wang Look Fung (right), Director of Group Corporate Affairs, Keppel Corporation

Keppelite I December 2012 29

Mr Yong Chee Min (from left), GM (HSE and Projects) at Keppel O&M; Mr Sit Peng Sang (centre), Mr Tong (left) with Mr David Chin, former Keppelite and Chairman of Keppel O&M Alumni, and wife Director of Keppel O&M and Keppel AmFELS and Mr Fong Ying Yew, former Keppel Singmarine Director

Mr Long Sey Hai (from left), former Keppel Singmarine Director; Mr Wong K.C. Head of Reederei NSB; Mr Charles Chiam, Director of Keppel Prince Engineering; Mr Chee Jin Kiong, HR Director of Keppel Corporation; Mr Kung Yew Hock, former SGM of Keppel Shipyard; and Mr Lai Ching Chuan, GM Dr Lee Tsao Yuan (centre), former Director of Keppel Corporation, with Mr Teo Soon Hoe (right), Senior (Corporate Development & Planning) at Keppel Corporation ED of Keppel Corporation and Mr Melvin Ng (left), Senior Project Manager at Keppel Shipyard

Mr Leong Kang Chuen (centre), former Director of Keppel Singmarine, with Mr Paul Tan (left), Group Mrs Alice Chua (left), wife of the late Mr Chua Chor Teck, former MD of Keppel Shipyard, with Mr Choo Controller, Group Control & Accounts, of Keppel Corporation and Mr Steven Lee (right), GM of Keppel and Mr P.P. Nair, former Director of Keppel Corporation Housing

Keppelite I December 2012 30 Sustaining Growth

Showcase of strengths at BrasFELS

While Keppel FELS Brasil’s MODEC’s FPSO Cidade De accompanied by Mr Choo highly integrated shipyard BrasFELS yard in Angra dos Sao Paulo as an example, she Chiau Beng, CEO of Keppel over the last 12 years, with Reis continues to achieve noted the yard’s emphasis on Corporation and Singapore’s capabilities ranging from progress on significant safety and ability to deliver non-resident Ambassador to building Anchor Handling works and projects, it has projects ahead of time. Brazil. Tug Supply Vessels, Pipelaying drawn visitors, from head Support Vessels, Tension honchos of national oil On 2 December 2012, Led by Mr Kwok, Dr Tan Leg Wellhead Platforms and companies to members of BrasFELS also hosted Dr was given a tour of the drilling semisubmersibles, the diplomatic corps, eager Tan Lian Choo, Singapore’s yard where she learnt how to the conversion, module to have a closer view of Charge d’Affaires ad interim/ Keppel had successfully fabrication and integration

developments at the yard. Minister-Counsellor to Brazil, turned BrasFELS into a of FPSOs. . keppelite

Visiting the yard on 23 November 2012 was President of Petrobras, Ms Maria das Graças Silva Foster and her management team. Mr Kwok Kai Choong, President and CEO of BrasFELS took the opportunity to show Ms Foster the various projects currently under construction in the yard. The Petrobras team led by its President, Ms Maria das Graças Silva Foster (fourth from right), showing satisfaction with the progress of projects at BrasFELS The strong partnership between Petrobras and BrasFELS has been forged over many successful deliveries including three giant floating production units, the P-52, P-51 and P-56. BrasFELS also recently completed the fabrication and integration of the Floating Production Storage and Offloading (FPSO) unit, Cidade De Sao Paolo, in addition to FPSO P-57, and the conversion of FPSO P-48.

Ms Foster expressed her strong confidence in BrasFELS’s capability to

deliver projects safely and Dr Tan Lian Choo (standing, second from right), Singapore’s Charge d’Affaires ad interim/Minister-Counsellor to Brazil and Mr Choo Chiau Beng promptly. Citing its work on (standing, third from right), CEO of Keppel Corporation and Singapore’s non-resident Ambassador to Brazil with the BrasFELS team

Keppelite I December 2012 Sustaining Growth 31

Finest homes in Jakarta

Mr Lim Seng Bin (right), President Director of Jakarta Garden City, receiving the award for Best Jakarta Garden City sets benchmarks as a desirable live-work-play-learn haven with a vibrant Villa Development at the South East Asia Property Awards 2012 and eco-conscious community

Jakarta Garden City has integrated eco-township D e v e l o p e r S i n g a p o r e the Green Mark Gold been named the Best Villa also received the highly category. Award by the Building and Development at the South commended award in Construction Authority of

East Asia Property Awards the Green Development Committed to high green Singapore in 2011. keppelite 2012, held in Singapore on category while Keppel standards, Phase 1 of the 21 November 2012. L a n d w a s n a m e d t h e township was the first highly commended residential development in T h e K e p p e l L a n d - l e d company in the Best Indonesia to be conferred

Hallmarks of hospitality

To reflect the growth its name to Keppel Land Mr Khoo Peck Khoon, a n d a w a r d - w i n n i n g and synergy of its reach Hospitality Management K L H M o p e r a t e s a n d projects. keppelite across Asia, Sedona Hotels (KLHM) on 14 December m a n a g e s a g r o w i n g International changed 2012. Helmed by GM portfolio of quality assets

Keppel Land Hospitality Management’s growing portfolio of award-winning projects across Asia, includes Residences at Reflections and Marina at Keppel Bay

Keppelite I December 2012 32 Sustaining Growth

Leading insights

B o l s t e r e d b y s t r o n g fundamentals, Singapore’s o f f s h o r e a n d m a r i n e sector remains strong, achieving a total turnover of $13.3 billion in 2011, c o m p a r a b l e t o t h e $13.5 billion achieved in 2010 despite the global economic downturn.

However, the industry needs to do more to meet the challenges of the future. This was shared by Mr Chow Yew Yuen, COO of Keppel Offshore & Marine (Keppel O&M) who was a keynote speaker at the 19th International Oil and Gas Industry Conference and Mr S Iswaran (fourth from left), Singapore’s Minister in the Prime Minister’s Office and Second Minister for Trade and Industy, and Home Affairs, touring Keppel’s exhibition booth at OSEA 2012 with Keppel O&M senior management including CEO Mr Tong Chong Heong (third from left), Exhibition (OSEA) held from and COO Mr Chow Yew Yuen (second from left) 27 to 30 November 2012.

He shared on the trends in re n e w a b l e s h a v e t h e He added that National oil Professor Freddy Boey, the offshore industry, the potential to reduce the companies such as Petrobras Provost, NTU, Mr Andreas challenges and the role Asian demand for oil and gas as the in Brazil are taking more Sohmen-Pao, CEO of BW companies can play to grow dominant energy resource. ownership of rigs and Maritime and Dr Claus in the sector. That, however, is unlikely production vessels, and Myllerup, MD, Lloyd’s to happen in the near term having operations in such Register Group Technology “Despite the uncertainty of and may in itself present regions will be beneficial to Centre. the Eurozone, the Middle opportunities for oil and gas shipyards. This Near Market, East and the recovery of the players in the future. Near Customer strategy has Mr Chow spoke on Keppel US economy, the oil and served Keppel O&M well O&M’s R&D strategy of gas sector is likely to remain “In the mean time, the over the years. setting up technology centres robust, backed by a steady offshore oil and gas market in key locations such as oil price. Asia and Latin continues to expand and Mr Chow later echoed Brazil, Houston and Europe America have continued to evolve as demand for new these sentiments over at to collaborate with like- grow and countries with rigs with higher safety and the Singapore Maritime minded partners and remain strong offshore and marine environmental specifications institute’s 2012 Forum held plugged into pertinent sectors will be well placed increase. Exploration is at Nanyang Technological market advancements.

to service the market,” said moving into deeper waters U n i v e r s i t y ( N T U ) o n keppelite Mr Chow. with harsher environments 29 November 2012. a n d m o r e a d v a n c e d On challenges ahead, he technology will be required He was among a panel shared, “Shale gas and to go into new frontiers.” of experts which included

Keppelite I December 2012 Sustaining Growth 33

Boosting Singapore-Philippines ties

The economic forecast in his capacity as Co- “In Singapore, PPP is a is looking good for the Chairman of PSBC, delivered proven business model Philippines, opening up the opening remarks at a for many infrastructure opportunities for partnership, PSBC Seminar organised projects. With the upcoming trade and collaboration with by IE Singapore and the PPP opportunities in the Singaporean companies. Philippines Department Philippines, Singapore To boost business ties of Trade & Industry on can play a role with our between the two countries, 23 November 2012. experience operating under the Philippines-Singapore the model,” said Mr Choo. In Business Council (PSBC) and The seminar, which was an interview with Singapore’s the Makati Business Club sponsored by the Keppel Chinese daily Lianhe Zaobao, jointly organised a mission G r o u p , i n t r o d u c e d Mr Choo commented on to Singapore. investment opportunities in Keppel’s plans to further the Philippines, particularly grow its shipyard operations

Mr Choo Chiau Beng, Public-Private Partnership in the Philippines. keppelite Mr Choo Chiau Beng, CEO of Keppel Corporation and Co-Chairman of PSBC, CEO of Keppel Corporation, (PPP) projects. delivered the opening remarks at the seminar

Reaffirming strong partnership

Maersk Drilling’s (Maersk) Keppel FELS has constructed CEO Mr Claus V. Hemmingsen for Maersk, three DSS™ 21 and his team visited Keppel deepwater development FELS to tour its yard semisubmersible rigs. 31 October 2012. They were warmly welcomed by Keppel During the recent strike Offshore & Marine’s CEO steel ceremony for Maersk’s Mr Tong Chong Heong, jackup B347, the partners COO Mr Chow Yew Yuen, also celebrated the safety and Mr Wong Kok Seng, achievement of four million MD of Keppel FELS. The visit safe man-hours clocked reaffirmed strong ties built on the construction of the over years of committed jackup, B331. keppelite partnership.

Maersk is part of the A.P. Moller – Maersk Group and a significant drilling contractor and supplier of floating Mr Tong Chong Heong (right), CEO of Keppel Offshore & Marine warmly welcomes valued production solutions. To date, partner Mr Claus V. Hemmingsen, CEO of Maersk Drilling, to Keppel FELS on 31 October 2012

Keppelite I December 2012 34 Sustaining Growth

Deepening ties with China Keppel continues to strengthen its ties with China by building on strong rapport and relations with Chinese delegations keen to learn more about the Group’s businesses.

The delegation also visited In the same week, 24 delegates Reflections at Keppel from the CPC Nantong Bay, where they enjoyed Municipal Committee were the breathtaking view of invited by Keppel Nantong Keppel Bay and its multiple Shipyard to visit Keppel award-winning Marina. Singmarine in Singapore on 22 November 2012, Separately, earlier on as part of their learning 20 November 2012, about tour of Singapore and its 50 Chinese officials who development strategies. are attending the Masters in Public Administration K e p p e l S i n g m a r i n e and Management Programme showcased its capabilities in the Lee Kuan Yew School in specialised shipbuilding, of Public Policy (LKYSPP) in-house technological visited the Keppel Seghers expertise, and stellar track Tuas Waste-to-Energy record to its visitors through a Mr Choo Chiau Beng (left), CEO of Keppel Corporation, in a candid exchange with Hefei Party Secretary Mr Wu Cunrong plant and Reflections at yard tour and a presentation Keppel Bay. of its business and growth plans. Apart from building On 14 December 2012, to develop and operate The participants were relations with the district Mr Choo Chiau Beng, CEO t h e K e p p e l Wa n j i a n g introduced to Keppel officials of Gangzha, which of Keppel Corporation, International Coldchain Seghers’ global operations, is a part of Nantong, the visit hosted a nine-member Logistics Park to provide while a plant engineer was organised to strengthen delegation from Hefei City, integrated third-party logistics guided the delegation on the partners’ confidence Anhui Province, led by Mr and cold chain services for a tour and explained the in the growth prospects of Wu Cunrong, Secretary of the distribution of food and incineration process and the Keppel Nantong Shipyard.

the Communist Party of agricultural produce for types of waste collected in keppelite China (CPC) Hefei Municipal Hefei and Lu’an region. Singapore. Committee.

The delegation was introduced to the Group’s c o r e b u s i n e s s e s a n d capabilities. Party Secretary Wu also shared on recent developments in Hefei City, as well as opportunities for collaboration with Keppel.

Earlier in November 2012, Keppel Telecommunications

& Transportation entered into Delegates from the CPC Nantong Municipal Committee meet with Keppel Singmarine senior management as part of their overseas learning a joint venture with partners tour to Singapore

Keppelite I December 2012 Sustaining Growth 35

URA showcases Tianjin Eco-City

T h e ‘ S i n o - S i n g a p o r e and Development Co., Tianjin Eco-City: Model Ltd (SSTEC), with support for Sustainable Urban from Sino-Singapore Tianjin Development’ exhibit was Eco-City Administrative launched by the Urban Committee (ECAC). SSTEC, Redevelopment Authority the master developer of the (URA) of Singapore on Tianjin Eco-City project, is a 16 November 2012. 50-50 joint venture formed by Keppel-led Singapore Sino-Singapore Tianjin consortium and the Chinese Eco-City (Tianjin Eco-City) is consortium. a landmark bilateral project between Singapore and In conjunction with the China to create a practical, launch, a seminar was Mr Wong Fook Seng, ED (Operations) of Keppel FELS sharing the company’s journey to manufacturing excellence scalable and replicable model organised for policy makers, for sustainable development. urban planners and industry It showcased significant professionals to share key achievements to date, as well lessons and experiences as the collaboration between gained in planning and Raising standards both countries’ government developing the project. agencies and companies. SSTEC’s CEO Mr Ho Tong Yen and ECAC’s Deputy Keppel FELS was the first Mr Wong Fook Seng, ED The exhibition was organised Inspector, Mr Li Dong shared local company to receive the (Operations) of Keppel FELS with the Sino-Singapore future plans for the project. prestigious Manufacturing shared, “Our Keppel yards are Excellence Award (MAXA) organised like a production Tianjin Eco-City Investment keppelite in 2008. It joined a select line – our vessels move easily group of companies from one production stage recognised for attaining the to another due to the design highest global standards in of our yards. We are able manufacturing innovation to work around the clock and excellence. and get things done quickly because we have teams Sharing its experiences in its around the world.” productivity and innovation journey, the yard hosted MAXA is jointly managed a visit for participants of by Singapore Economic MAXA’s Manufacturing Development Board, Excellence Community Singapore-Massachusetts – a knowledge-sharing Institute of Technology platform for participants Alliance and Singapore to learn from past MAXA Manufacturers’ Federation.

winners. keppelite

Mr Teo Soon Hoe (left), Senior ED of Keppel Corporation, hosted a dinner for Mr Li Dong (right), ECAC’s Deputy Inspector and other ECAC officials

Keppelite I December 2012 36 Sustaining Growth

Sustainable solutions

K e p p e l I n t e g r a t e d Engineering (KIE) shared about its proprietary technologies and management processes with guests to its waste and wastewater treatment facilities in Singapore and Qatar recently.

Visiting KIE’s Singapore operations was a group of delegates hailing from the Republic of Estonia on

20 November 2012. The Mr Choi Shing Kwok (fourth from left), Permanent Secretary for Ministry of Environment and Water Resources, and members of his delegation delegation, comprising board visited the DSWMC in Qatar. They were hosted by Mr Oon Ee Heng (third from left), GM of DSWMC and Mr Geoffrey Piggott (fifth from left), members from various waste Regional Manager for Middle East and North Africa, KIE management companies in Estonia, visited KIE on the Fruitful recommendation from the exchange Waste Management and Recycling Association of As part of the ongoing Singapore. exchange with the Sustainable Energy They sought to exchange Development Authority e x p e r i e n c e s i n t h e (SEDA) of Malaysia, Mr management and recycling of Loh Ah Tuan, Director of waste and were hosted by Mr KIE, was invited to be on Lim Chiow Giap, SGM at KIE, the panel of examiners for and welcomed by Mr Sonny Mr Lim Chiow Giap (back facing camera), SGM of KIE, provided an overview of Keppel technical presentations Aswani, Honorary Consul for Seghers’ global activities to the delegation from Estonia which form part of the the Republic of Estonia. competency evaluation of a training course On 7 December 2012, a Bureau of Abu Dhabi, the DSWMC was designed, built organised by SEDA for multi-agency delegation from Environment Agency of Abu and is currently operated the Energy Institute of Abu Dhabi also visited the Dhabi and the Abu Dhabi by Keppel Seghers. As the Malaysia. Keppel Seghers Ulu Pandan National Energy Company. first integrated facility in the NEWater plant to understand Middle East and designed SEDA has had numerous Singapore’s approach to Over in Qatar, Singapore’s to serve the whole of Qatar, collaborations with water management. Led Permanent Secretary for the DSWMC serves as a KIE, including a plant by Mr Abdulla Al Yousef, the Ministry of Environment showcase of the advantages visit to Keppel Seghers Associate Director of and Water Resources, Mr of an integrated waste Tuas waste-to-energy Economic and Energy Affairs, Choi Shing Kwok visited management approach. plant earlier in June the group included officials the Domestic Solid Waste keppelite this year and inviting from the Abu Dhabi Water M a n a g e m e n t C e n t r e KIE to present technical and Electricity Authority, the (DSWMC) on 4 December papers. Regulation and Supervision 2012.

Keppelite I December 2012 Sustaining Growth 37

Prepared at all times

ERM and BCM workshops have been rolled out across Keppel Batangas Shipyard and Arab Heavy Industries to bolster the Keppel O&M group’s risk management culture and capabilities

To b o l s t e r t h e r i s k (ERM) and Business in Ajman, UAE. Through framework and approach to management culture at Continuity Management interactive case studies identifying, assessing and its overseas units, Keppel (BCM) workshops at and discussions, tackling risks. keppelite O f f s h o r e & M a r i n e Keppel Batangas Shipyard m a n a g e m e n t a n d (Keppel O&M) conducted in the Philippines and supervisory staff familiarised Enterprise Risk Management Arab Heavy Industries (AHI) themselves with the group’s

Demonstrating readiness

In line with Keppel Land’s with safety as their top priority. quick responses were critical. effectiveness of the units’ aim to be ever-ready They learnt that having clear Areas for improvement were emergency response plans.

to tackle emergencies communication channels and identified to enhance the keppelite and crises should they occur, ground staff at its properties regularly participates in drills and exercises.

In December, Keppel Land units – Marina at Keppel Bay in Singapore and Jakarta Garden City in Indonesia – held drills, with mock scenarios of outbreaks of an influenza pandemic and social unrest, respectively.

In both scenarios, To familiarise staff with procedures in case of emergencies, regular drills such as this mock demonstration was staged at Jakarta Garden City participants acted swiftly in Indonesia

Keppelite I December 2012 Keppelite I December 2012 38 Empoweringmpowering Lives Lives

Swinging good time Keppel Corporation’s Group Corporate Communications (GCC) hosted its annual Friends of Keppel party on 11 December 2012, to thank Keppel’s business associates, industry partners, government officials and media and analyst friends for their longstanding support. Themed “Swinging Sixties”, the soiree saw senior management and guests grooving to 60s music and basking in excellent company.

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1. Mr Choo Chiau Beng (centre), CEO of Keppel Corporation and Dr Ong Tiong Guan (left), MD of Keppel Energy mingling with guests; 2. Mr Michael Chia (left), MD (Marine) and MD (Technology) of Keppel Offshore & Marine and Mr Oh Lock Soon, President (Thailand) of Keppel Land unravelling the puzzles at the party; 3. Mr Tay Lim Heng (left), CEO of Keppel Integrated Engineering with Ambassador Tony Siddique; 4. Mr Tong Chong Heong (right), Senior ED of Keppel Corporation and CEO of Keppel Offshore & Marine sharing a laugh with Mr Ronnie Lim of The Business Times; 5. Lee Chin Siang and Jocelyn Chan of GCC lifting party spirits as hosts for the evening; 6. Liew Yuen Cheng, Senior Asset Manager of K-Green Trust; GCC’s Eva Ho and Frances Teh; Ms Wang Look Fung, Director of Group Corporate Affairs, Keppel Corporation; Mr Chow Yew Yuen, COO of Keppel Offshore & Marine; GCC’s Roy Tan and Lee Chuiling and Ms Cindy Lim, GM, Group HR, Keppel Corporation; 7. Mr Jeremy Thia from DBS; Mr Louis Chua and Mr Gerald Wong from Credit Suisse; GCC’s Ms Chua Ying Ying; Ms Hu Juanxin and Mr Ding Qilin from Xinhua News Agency (Singapore Bureau); Mr Goh Toh Sim, Chief Representative (China) from Keppel Corporation

Keppelite I December 2012 empowering Lives 39

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8. Mr Manraj Sekhon (far left) from Fullerton Fund Management and his wife (far right), Mr Choo and wife, Mrs Eileen Choo; and Mrs Stephanie Yuen-Thio from TSMP Law Corporation; 9. Ms Tan Siok Sun (centre) from SMU with GCC’s Roy Tan and Eva Ho; 10. Mr Patwant Singh from Channel Newsasia and his wife; Mr Kevin Lim and Mr Ashuman Daga from Thomson Reuters; 11. Mr Bernard Tan from PUB; Ang Lai Lee from GCC and Mr Lim Tow Fok, GM, Keppel Land; 12. Mr Alvin Tay from the Business Times; 13. Mr William Goh, Director, Temasek Holdings; 14. Lee Wan Jun of GCC; Mr Dale Wainwright from TradeWinds; and Ms Crystal Chan from IHS Fairplay

Keppelite I December 2012 40 Empowering Lives

Welcome onboard

More than 240 new Mr Choo also emphasised Keppelites were welcomed to innovation and people Keppel on 11 December 2012 development in the success at the Group Orientation. of Keppel.

Mr Choo Chiau Beng, CEO Mr Tong Chong Heong, of Keppel Corporation, S e n i o r E D o f K e p p e l highlighted in his opening Corporation and CEO of address the importance of Keppel Offshore & Marine teamwork and encouraged and Mr Loh Chin Hua, CFO new Keppelites to tap of Keppel Corporation also Keppel Corporation’s CEO, Mr Choo Chiau Beng (far right) interacts with fresh Keppelites into the Group’s collective shared their knowledge and strength. He said, “We are experience, as well as vision Ms Stehanie Ang, Associate the passion of the Keppelites a team of 40,000 people for the Group. from Keppel Corporation’s working there.” from different business Group Internal Audit, who units. We must be able and The orientation comprised joined three months ago, Close to 500 Keppelites willing to ask for help and corporate presentations and said “The site visits to the attended the biannual

to offer assistance when a tour of various Keppel yards were interesting and orientation this year. keppelite needed.” operations and sites. eye-opening. I could feel Balancing act

What does it take to keep While many considered career you with the company for progression, personal growth the next 10 years? and recognition as part of the pull factors to keep them 13 young Keppelites in the organisation, almost shared their views in all agreed that work life a ‘TalenTime’ session balance was an overarching o r g a n i s e d b y K e p p e l consideration. Corporation’s Group HR to foster open communication “Open communication with a n d e x c h a n g e w i t h the management is a great senior management on way for us to share our 26 November 2012. personal aspirations and hopes in the company, and The topic sparked a lively learn that the management discussion on the importance also values and understands of not only attracting a our sentiments”, shared strong pool of talents but Mr Say Huan Yuan, Assistant retaining them – paramount Manager, Business Planning at

Young Keppelites share their aspirations and suggestions for the Group in regular ‘TalenTime’ to the sustainability of any Keppel Telecommunications sessions with senior management organisation. & Transportation. keppelite

Keppelite I December 2012 empowering Lives 41

Grow local, think global

Robust exchanges and mergers and acquisitions, ideas to a receptive senior His sentiments were shared by inspiring moments. These global strategic leadership, management and shared Chua Ying Ying, AGM, Group were the positive takeaways strategic communications, how as a young Keppelite, Corporate Communications, from many amongst 28 value creation, risk he was also given much Keppel Corporation, ”The Keppelites who recently management and corporate bandwidth to explore ideas programme provided a great a t t e n d e d t h e G l o b a l governance. and opportunities. platform to meet and interact Advanced Management with Keppelites from across Programme (GAMP). They Senior management was Wong Liang Kit, Senior the Group and the globe. hailed from China, Vietnam, at hand to share their Investment Manager, Keppel Qatar, Belgium and as far experience and contribute Land China shared, “The “It really fostered the feeling as Brazil. to the dynamic discussions. GAMP was an enriching of belonging in the Keppel In particular, many found the experience at many levels. family. In fact, our group For 10 intensive days from informal sharing by Keppel Not only did we learn from gelled together so well that 12- 22 November 2012 at the Corporation’s Senior ED the trainers, it was a great even after the course, we are Nanyang Executive Centre, Mr Teo Soon Hoe personal opportunity to interact with keeping up our connection they were engaged in deep and stirring. fellow Keppelites, and the and in touch with each discussions and project work free-exchange of ideas and other.” keppelite with eminent trainers over M r Te o e n c o u r a g e d insights was invaluable!” diversified topics such as Keppelites to surface good

Participants from the Global Advanced Management Programme pose with Mr Choo Participants show their camaraderie after completing 10 full days of the intensive executive Chiau Beng (fourth from left), CEO of Keppel Corporation, after receiving their graduation programme certificates

Mr Liat Teng Lit, Group CEO, Alexandra Health System, shared on ‘Managing change: Trials The participants enjoying a meal together with Dr Ong Tiong Guan (extreme right), MD of & Tribulations of a Practitioner’, given his rich experience in reconstructing major hospitals in Keppel Energy, Mr Chow Yew Yuen (second from right), COO of Keppel O&M and Ms Cindy Singapore Lim (next to Mr Chow), GM of Group HR at the HortPark

Keppelite I December 2012 42 Empowering Lives

Cross border exchange

As part of its people CD: The weather in Singapore! km, which is about one-fifth Sydney’s CBD centres development efforts, Keppel It was a good thing that we of the Sydney metropolitan around the Sydney cove, REIT and Mirvac Property Trust did not have to wear a tie and area, but with more people which offers spectacular (Mirvac) sent two employees jacket to work every day! than what we have in Sydney! views of the harbour and each on a mutual exchange What impresses me most is Sydney Opera House. The programme from September What is the biggest Singapore’s well-planned unique blend of Victorian- to November 2012. Mirvac difference between towns and extremely efficient styled buildings alongside is Keppel REIT’s joint venture living in Singapore and public transport network. swanky new skyscrapers partner for 8 Chifley Square Australia? will continue to attract in Sydney and a new office IL: Australians generally lead What of Singapore are investors who seek a tower to be developed on a well-balanced life. Most you most impressed cosmopolitan city with a the site of the Old Treasury of them do not go out for with? strong heritage. Building in Perth. lunch – they pack lunch CD: The commercial assets boxes and work through the are so well-planned and IL: Australia is a stable and The exchange saw Keppel hour so that they can finish integrated into the Singapore developed economy with REIT’s VP of Capital Markets, by 5pm. The rest of the day system. They provide a an established legal system Ivan Lim (IL), and VP of would be spent exercising, solid foundation that will and low sovereign risks. Investment, Anthea Lee drinking with friends or see Singapore continue to Sydney is well-positioned to (AL), head over to Mirvac’s going home to be with their become one of the world’s continue on a growth path, head office in Sydney, while families. This is something I top cities. especially in view of the Mirvac’s Property Managers hope to learn from them. state’s A$62billion planned Troy Darcy (TD) and Cormac What do you think lies investment to improve Dunne (CD), spent time in TD: The size of the country in the future for Sydney the infrastructure in New

Keppel REIT’s headquarters and population density – and Australia? South Wales. keppelite in Singapore. The four shared Singapore is about 700 sq AL: A waterfront city, their cross border experience with Keppelite.

What was the biggest challenge you had to overcome during your stint? AL: Before starting our programme, we thought that the cultural differences from working in a non- Asian environment would require some adjustment. However, we were lucky to have friendly colleagues at Mirvac, some of whom we have already met from the last two transactions and we found that we fitted into our new roles fairly quickly. Keppel REIT Management’s CEO Ms Ng Hsueh Ling (from left) and Toh Wan San, SVP of Asset Management, with Mirvac’s Property Managers, Troy Darcy and Cormac Dunne

Keppelite I December 2012 empowering Lives 43

Making waves

From team-building to knowledge sharing sessions, Keppel Young Leaders aims to develop the Group’s talent pool and create a cohesive and high-performance Keppel team

Keppel Young Leaders have only did I learn how to Yard Manager of Keppel Enrique Mena, Project made waves of fun and sail, I also sharpened my Singmarine and GM of Prime Manager at Keppel AmFELS friendship at sea and on land communication skills and Steelkit, passed the baton of and Tay Khon-Whey, in sailing and mass movie fostered stronger bonds with Presidency of Keppel Young Marketing Executive at outings recently. Rich insights my team members during Leaders to Mr Ivan Lim, Keppel AmFELS, represented also flowed in a knowledge- the process. I enjoyed this AGM (Operations) of Keppel their team in introducing the sharing session based on team-building exercise and Shipyard. Mr Lim shared, history and operations of a business case study on it was definitely time well “We hope that through Keppel Offshore & Marine’s Keppel AmFELS. spent.” targeted projects and events, (Keppel O&M) yard in Keppel Young Leaders will Brownsville, Texas. Sailing through Friendship in the continue to galvanise our challenges spotlight next generation leaders, hone The presentation was On 30 October 2012, More than 100 Keppel their leadership qualities f o l l o w e d b y a p a n e l 12 members of the main Young Leaders and their and provide more avenues discussion helmed by committee hoisted their sails families also made waves for their well-rounded Keppel O&M’s COO Mr Chow for Nongsa Point Marina of friendship, not at sea, development.” Yew Yuen; MD (Marine) and in Riau Islands, Indonesia but at the cinemas after MD (Technology) Mr Michael on a three-day team- watching the inspirational Learning by sharing Chia, SGM (Special Projects) building exercise. Onboard movie, ‘Chasing Mavericks’ Keppel senior management Mr Ho Cheok Yuen; and Beneteau yachts, Endeavour on 24 November 2012. The and team members of the Mr Tan Geok Seng, President and Venture, they were annual event provided a Keppel AmFELS Case Study and CEO of Keppel AmFELS. supervised by Keppel Bay platform for members to Project also shared their The panelists provided details Sailing Academy’s principal, interact with each other knowledge and views of on the strategies of Keppel Tan Thong Meng, and chief and senior management, Keppel’s operations in the US AmFELS and the Gulf of instructor, Lynnette Leong. including Guest-of-Honour at a knowledge-sharing event Mexico oil and gas industry. Mr Choo Chiau Beng, CEO organised by Keppel Young They also highlighted their Tay Parng Tzuan, Lead of Keppel Corporation. Leaders. More than 100 personal experiences as Engineer from Keppel Keppelites from across the well as lessons learnt from

Seghers, enthused, “Not Mr Loh Kee Huat, Assistant Group attended the session. working in the US. keppelite

Keppelite I December 2012 44 Empowering Lives

Appreciation to staff

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1. The beautiful ‘Keppel batik’ encapsulates Keppel’s core value of collective strength 2. Revelling in the festive cheer were Keppel management (from left): Ms Magdeline Wong, GM of Group Tax; Ms Tan Eng Hwa, GM of Group Internal Audit; Ms Wang Look Fung, Director of Group Corporate Affairs; Mr Chee Jin Kiong, Director of Group HR; Mr Lai Ching Chuan, GM of Corporate Development and Planning and Ms Tina Chin, GM of Group Risk Management 3. CEO Mr Choo pitches in to complete the batik painting 4. Keppelites shared well wishes for the company on notecards hung on the Christmas tree 5. Bonding through artistic expression – Keppelites engaged in the traditional art of batik painting 6. Mr Lai Ching Chuan (left), GM of Corporate Development and Planning received his 35-year Long Service Award from CEO Mr Choo

Keppelite I December 2012 empowering Lives 45

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7. Mr Loh Chin Hua, CFO of Keppel Corporation (centre, seated) joined the Keppel family in 2002 as MD of Alpha Investment Partners (AIP). He is pictured here with his former team at AIP 8. Ms Lynn Koh, GM of Group Treasury, pictured here when she first started her lifelong career with Keppel some 30 years ago

Some 140 Keppelites Awards ranging from perhaps more unique and jobs in various business units came together to toast 10 years to 35 years. heart-warming is the care within the Group. friendship and ring in a that Keppelites have for one successful year ahead at Mr Loh Chin Hua, CFO another, and the sense of “I have been privileged to Keppel Corporation’s year- of Keppel Corporation, belonging.” work with many of our top end party on 13 December Annie Chung and Teo Ping executives, including Mr 2012, organised by Han of Group Internal To young Keppelites, Sim Kee Boon and Mr Choo Group HR. Audit, and Suam Chee Kit Mr Loh advised, “It does not Chiau Beng, and been involved of Group Risk Management matter what your job title in many of our developments CEO Mr Choo Chiau Beng w e r e a w a r d e d t h e is, nor the size of your job. globally. Keppel offers thanked Keppelites for 10-year award. Ms Lynn The important thing is to bountiful opportunities, their commitment and efforts Koh, GM of Group Treasury embrace Keppel’s values and especially to those who are over the past year. was awarded the 30-year desire to excel. Give yourself willing to step up to new award, and Mr Lai Ching a chance to learn, to grow challenges and move out of Keppelites were treated to Chuan, GM of Corporate and to be noticed and picked their comfort zone.” a sumptuous buffet Development and Planning for bigger roles.” spread, a magic show by was awarded the 35-year Also sharing her thoughts Singaporean illusionist award. Mr Lai shared, “35 years was Ms Koh,“Keppel has Jeremy Pei, and a Christmas is a long time but I have grown significantly from a carol performance. In Mr Loh shared, “Many have never had a dull moment ship-repair company when addition, Keppel lent its commenced their careers in Keppel. I joined after my I joined 30 years ago to the support to the National at Keppel and are still very national service and never conglomerate that it is today. Arts Council’s Arts@Work passionate about what they left. Less than a year after Keppelites are always given programme by inviting do after so many years. joining Keppel Shipyard in opportunities to learn and employees to participate in There must be something in 1977, I was sailing on a grow with the company, and a hands-on batik painting the water at Keppel! Here, Kapal Management ship from such valuable experiences session. challenges are savoured Kotka in Finland to Prince and challenges that stretch and nothing is too difficult. Rupert in Canada. Keppel has one’s potential are what I

Exemplary Keppelites Such tenacity is perhaps kept me on the road around appreciate most.” keppelite Six loyal Keppelites were not unusual in successful the world ever since, while honoured with Long Service organisations. What is rotating through 10 different

Keppelite I December 2012 46 Empowering Lives

Guts and gumption

Four months of intense competition spanning 14 Overall sports and games have Scoreboard 908 1049 793 revealed the steely guts, grit and gumption of Team Atlantic Team Caspian Team Pacific Keppelites. Trophies garnered Grand finale Overall challenge Dragon boat The Keppel Games has Bowling trophy Cybergames proven to be a much-loved Sepak takraw Basketball Pool platform for Keppelites from Tennis 9-a-side soccer Table tennis Flag design Badminton Golf (joint winner) all business units to pursue competition Darts their sporting interests while Netball coming together to forge Golf (joint winner) friendships and build bonds across the Group.

The four-month long Keppel Games ended with a bang at the Grand Finale, which saw a colourful variety of events, including long distance races, a march-past, soccer finals, track events, the inaugural swimming event and fun telematches

Keppelite I December 2012 empowering Lives 47

The 2012 season ended on and endurance were put While Team Atlantic claimed swimming abilities. Loud a rousing note with Team to the test as they strode the champion position in cheers went out to all Caspian winning the Overall distances between 3 and 5 soccer, Team Caspian had competitors for their sporting Challenge Trophy once km each. earlier taken the second and participation. again. The Grand Finale third positions and secured Challenge Trophy was won by Displaying solidarity the soccer challenge trophy. Unleashing potential Team Atlantic. Upon the arrival of Guest- The final events were the of-Honour, Mr Choo Chiau Tracking telematches, where the The closing event, held at Beng, CEO of Keppel achievements teams showcased teamwork the Ngee Ann Polytechnic Corporation, the participants Excitement was on the tracks and fun-loving spirit in games s p o r t s c o m p l e x o n hailing from various business as the sprinters showed such as hula-dancing and a 25 November 2012, saw units marched in full force off their explosive bursts of mass skipping competition. senior management and in their respective teams speed in the athletics events. With a packed day of Keppelites bask in an in a show of unity and They also worked in teams to intense competition and atmosphere of friendship camaraderie. vie for the prizes in the team fun, the finale marked a even amidst the final relay races, comprising men, fitting conclusion to Keppel competitions. Scoring goals women and veterans alike. Games 2012, with its theme Over in the soccer fields, the “Unleash Your Potential”.

Testing endurance final face-off was played out Pooling strengths keppelite Starting the day early, the between Team Atlantic and Over at the pool, swimmers long distance runners were Team Caspian. They were were eager to pit their flagged off by Mr Hoe evenly matched with a 0-0 tie prowess against each other. Eng Hock, ED of Keppel for most of the game, with Being the first swimming Singmarine and President of Team Atlantic scoring their event organised at Keppel Keppelite Recreation Club. winning goal just before the Games, Keppelites were The competitors’ stamina whistle was blown. awed by their colleagues’

Keppelite I December 2012 48 Empowering Lives

Steadfast spirit

Mystery filled the air at Long Service Awards, ranging K e p p e l I n t e g r a t e d from 10 to 40 years. Engineering’s (KIE) annual Dinner & Dance held at Mr Ho Yaw Meng, AGM at the Orchard Hotel on Keppel FMO, who received 30 November 2012. The the 40-year Long Service party, themed ‘Phantom of Award shared, “Having the Opera’, saw staff and passion for my work and senior management don having great colleagues the iconic ‘Phantom’ mask around to support me was for a night of revelry and what kept me going for so celebration. long. I am happy that the company appreciates the Chairman Mr Tong Chong effort that we put in.” Heong and CEO Mr Tay Lim Heng thanked 46 veteran Staff took home attractive staff for their steadfast spirit lucky draw prizes and and service to the company, memories of merriment Senior management and staff donned their masks for the KIE Dinner and Dance 2012 themed and presented them with the shared with colleagues. ‘Phantom of the Opera’ keppelite

Tasty treat

To thank the 25 Keppelites windows to references that and their children who were uniquely Singaporean. participated in the 2013 The performance featured Keppel calendar, ‘Eye on the 30 budding talents as young Future’, Keppel Corporation’s as four and got its audience, G r o u p C o r p o r a t e adults and children alike, Communications treated tapping their feet, singing the families to a matinee along and reaching out performance of Wild Rice’s for candy that were tossed latest production, ‘Hansel playfully from the stage. & Gretel’ on 8 December 2012. Mr Zulkiffle Idris, Health, Safety and Environment The musical, which was based Officer from Keppel Shipyard loosely on the famed German raved, “My family and I really fairy tale, was peppered enjoyed the show. It was our

with local flavour – from first time watching a theatre Keppelites and their children gave Wild Rice’s ‘Hansel & Gretel’ the thumbs up the pandan chiffon cakes performance and now, we

that adorned the Witch’s are hooked!” keppelite

Keppelite I December 2012 empowering Lives 49

Keppelites Abroad

Flavourful experiences

To Mr Oh Lock Soon, 54, Having lived and worked lover, Mr Oh is intrigued by havens, idyllic beaches, and President (Thailand) of in Bangkok in his previous Thailand’s distinctive and tip-top hospitality standards, Keppel Land, Bangkok is a employment six years ago, flavourful cuisine, which uses for Mr Oh, “There is no second home and more. He Mr Oh uses his familiarity an assortment of spices. He place like home”. With was posted there to head with the local culture and enthused, “Dishes prepared wife Joanna and children Keppel Land’s Thai unit in customs to his advantage. in Thai kitchens, no matter Bernice, 25, and Bryan, 21, December 2011. Keppel Swiftly adapting to local how simple, have a visually back in Singapore, he stays Thai Properties is developing social customs such as the appealing edge over its in touch with his family two landed housing projects traditional wai greeting and equivalent anywhere else. through daily video calls and in Bangkok under the Villa learning basic Thai phrases With dashes of sugar, lime text messages. Arcadia brand. has helped him to integrate juice, ground peanuts, quickly with his staff. fish sauce and cut chilli as Currently serving as Vice- One of his main goals is to embellishment to a simple Chairman of the Singapore- inculcate Keppel values in He added, “It helps that bowl of noodles, this creates Thai Chamber of Commerce, the local team and to lay in Thai, quite a few words a symphony of colours he often organises and strong foundations from mean the same thing in and hues.” participates in outreach which Keppel Thai Properties familiar dialects like Hokkien efforts to help needy villagers can continue to flourish. and Teochew; ‘tok’ for ‘table’ The avid golfer also has no from the less-developed and ‘kaoyi’ for ‘chair’. The lack of lush greens with mountainous areas in He shared, “Thailand has similarities in the languages numerous golf courses Chiangrai. a resilient and dynamic are probably due to the older within and around Bangkok, economy. Leveraging our Thai Chinese speaking these which he uses to relax as well A champion for charitable track record as a premier dialects when they migrated as network with business causes, he makes it a point developer, Keppel Land is to this country more than a associates. to bring his whole family creating quality havens here century ago.” along to help whenever he that will have enduring value Despite the allures of the ‘land can. His children, who are to the local communities.” A self-professed food of smiles’ with its shopping medical professionals, have also roped in colleagues from the National University Hospital of Singapore to join their last trip to Chiangrai to help implement sustainable medical practices in rural areas.

Mr Oh’s Can-Do! spirit and desire to build strong, lasting ties with the community are what he believes will carry him through any situation in

life, work and play. keppelite Mr Oh Lock Soon (in blue), President (Thailand) of Keppel Land, contributes actively to outreach efforts in less-developed villages of Thailand

Keppelite I December 2012 Keppelite I December 2012 50 Nurturing Communities Communities

Greener pastures Home to one of China’s leading golf courses, Keppel Land’s Spring City Golf & Lake Resort (Spring City) in Kunming, is a certified ‘Classic Sanctuary’ by Audubon International. Keppelite reproduces excerpts of an interview with Spring City’s GM for Operations, Mr Lau Tong Chye, by online Chinese golf portal funfungolf.com on the resort’s environmental efforts.

Q: Spring City has and many different insect placed much emphasis species. on environmental protection since it For the safe application of started operations. How chemicals, keen observation do you promote and of the weather helps in sustain this mindset? preventing chemical and A: Environmental fertiliser wastage, improves protection does not just their usage efficacy and make better business sense minimises the pollution of for us – it is our corporate water bodies. We also pay social responsibility. Spring attention to the management City has consistently made of water resources and these efforts since it started include the recycling of operations in areas of groundwater and irrigation environment management management. including pesticide and Conscious efforts in the design, construction and maintenance of Spring City in Kunming, China, help to preserve the biodiversity of the area insecticide control, We also encourage staff chemical safety as well to adopt water and energy a s w a t e r a n d e n e r g y saving practices. Every year, presented us with the Best province. These plants adapt conservation. These require we participate in events Environmental Innovation well to the Kunming climate, the implementation of such as World Environment Award and Best Eco- are relatively easy to maintain scientific and professional Day, Tree-Planting Day, and Friendliness Award in 2010 and at the same time beautify methodologies, executed Earth Hour to promote and 2012 respectively. Our and protect the environment collectively in a sustained environmental awareness. residential development by preventing soil erosion. manner by management project, La Quinta (Phase 1) Information boards placed and staff over the years. Q: What are some of the has received the Green Mark along the trail help to environmental accolades Gold Award by the Building spread the message of the Q: What are some of the Spring City has attained? and Construction Authority importance of preserving

environment protection A: In 2009, Spring City was of Singapore. biodiversity. keppelite initiatives that Spring recognised as an Audubon City has implemented? Cooperative Sanctuary by Q: Spring City has A: We make conscious Audubon International, an recently built a 1.7-km e f f o r t s t o p r e s e r v e international environmental nature trail with many biodiversity. For more than organisation. A year later, special plant species. a decade, we plant many we became the third golf Can you tell us more species of trees yearly to club in the world to receive about it? help in the habitation of the enhanced accolade of A: There are over 300 plant wildlife such as songbirds, Audubon Classic Sanctuary. species along the nature trail, squirrels, butterflies, rabbits Golf Magazine China also mostly native to the Yunnan

Keppelite I December 2012 Nurturing Communities 51

Pink of health

H e l p i n g t o k e e p i n g the Platinum Award, while employees in the pink of Keppel Land and Keppel health has helped the Keppel Logistics clinched Gold, Group reap the benefits of a and Keppel Corporation fit and productive workforce. won Silver. To be eligible For its efforts, the Group for the Platinum Award, received recognition at this the organisation must have year’s Singapore ‘Helping won at least two consecutive Employees Achieve Life-time Gold Awards. Health’ (HEALTH) Awards, organised by Singapore’s Gracing the ceremony Health Promotion Board as Guest-of-Honour was (HPB). Dr Amy Khor, Minister of State for Health and Manpower,

Mr Tong Chong Heong, CEO of Keppel Offshore & Marine (right) receiving the HEALTH K e p p e l S h i p y a rd a n d who awarded the trophies Awards from Dr Amy Khor, Minister of State for Health and Manpower (centre) and Mr Ang Keppel FELS each received to winners. keppelite Hak Seng, Chief Executive of HPB (left)

Active for life

The annual Keppel FELS safely and efficiently,” shared such as smoking cessation workplace communicable Active Day, recently held Arun, a Keppel FELS hull programmes, coupled with diseases, hypertension and on 30 November 2012, is production steel worker. counselling and support for cholesterol management one of the ways in which smokers wanting to kick a re a l s o c o n d u c t e d the company promotes Over at Keppel Shipyard, the habit are also in place. throughout the year. a healthy lifestyle at the health promotion campaigns Regular talks on topics such as workplace. The slogan for this year’s event, ‘Be Kind. Be Safe. Be Healthy.’ highlights the important link between personal acts of kindness and a healthy and productive workforce.

“This has been my fifth year attending the event and I am always excited to be part of this activity involving employees and senior management. It encourages us to stay

active and healthy so that Management including Mr Chow Yew Yuen, COO, and employees of Keppel O&M participating in a fun mass workout at the 10th Keppel our work can be carried out FELS Active Day

Keppelite I December 2012 52 Nurturing Communities

Step up

Keppel Corporation was To thank Keppel for its the sole Gold Sponsor of donation, Mr Chia Mia Danzation 2012, a charity Chang, Principal of NP, dance concert put together presented Mr Teo Soon by Ngee Ann Polytechnic’s Hoe, Senior ED of Keppel (NP) dance club, New Corporation with a token of Revolving Age (NRA) on appreciation during a cheque 3 0 N o v e m b e r a n d presentation ceremony. 1 December 2012. T h e N R A d a n c e r s , i n Keppel’s contribution went collaboration with local to the NP Student Aid Fund, choreographers and dance which provides financial clubs, put together a rousing assistance to needy students, performance that drew while proceeds from the standing ovations from a sale of the concert tickets full-house audience at the Mr Teo Soon Hoe (left), Senior ED of Keppel Corporation presenting Mr Chia Mia Chang and t-shirts went to the NP Convention Centre. (right), Principal of Ngee Ann Polytechnic a cheque for $30,000 which will go to the NP student Aid Fund, amid cheers from the NRA dancers President’s Challenge. keppelite

Tales of joy

With education as one of the volunteers brought its key corporate social their young charges for an responsibility focus areas, excursion to the Singapore Keppel Land supports Art Museum and basked in the kidsREAD volunteer the exhibits and an interactive programme, spearheaded arts and crafts workshop, by the National Library Board where the children learnt to (NLB) to cultivate the love of make hand puppets. reading in children. A first-time volunteer A pool of about 20 Keppel with the NLB kidsREAD Land volunteers head to the programme, Mr Nicholas PAP Community Foundation Tiong, Accountant at Keppel Kindergarten at Tanjong Land, shared, “It is good to Pagar on a rotational basis be able to step out of our every Wednesday to read daily routine and contribute to children and engage meaningfully to society. them through educational Hearing the children’s games. laughter and seeing their

smiles made this volunteer Mr Kwok Yan Hoe (centre), DGM of Sustainable Design & Knowledge Management, Keppel On 21 November 2012, experience truly fulfilling.” Land, helps a student create hand puppets

keppelite

Keppelite I December 2012 Nurturing Communities 53

Sound of music Keppel REIT management brings music to Singapore’s financial district as part of efforts to commemorate its name change and give back to the business community.

The grand dame – a Steinway The Steinway Model D-274 raising funds for two children- piano – is taking centrestage grand piano debuted at the related charities – The Straits of a performance featuring at Ocean Financial Centre ChildAid 2012 concert on Times School Pocket Money three young musicians from (OFC), Keppel REIT’s newest 7 and 8 December at the Fund and The Business Times the region.” property. Marina Bay Sands Grand Budding Artists Fund. Theatre before taking its Ms Celine Goh, GM for At the launch event on place at OFC. “Our efforts are made Steinway Gallery Singapore, 14 December 2012, possible with the support of shared, “OFC, which has Dr Audrey Chin, Chairman Ms Ng Hsueh Ling, CEO of like-minded partners such as amongst its tenants, many of Keppel REIT Management, Keppel REIT Management, Keppel REIT Management. multinational conglomerates shared, “This evening, we said, “As the largest landlord We want to thank Keppel and global corporations, will are going to add some o f p re m i u m G r a d e A REIT Management for provide musical talents with seasonal lightness and joy properties in the business generously contributing their an international audience to Singapore’s business and financial district of grand piano that will be part in a world-class property.” and financial district with a Singapore, we want to keppelite repertoire of tunes by young develop long-term and budding artistes who will be meaningful relationships performing on Keppel REIT with our tenants, business Management’s brand new partners and the community Steinway grand piano. at large.

“Keppel REIT was renamed “We want to support from K-REIT Asia on 15 the arts and engage the October 2012. We wanted business community through to mark this milestone music by organising regular with a contribution to performances by young underprivileged children aspiring pianists as well as through our partnership with professional musicians. The ChildAid, as well as give back performances will showcase to the business community a wide variety of musical through the universal genres including classical, language of music. jazz and choral music.”

“As we know, in music, three Mr Alvin Tay, Editor of notes make a chord. So this is The Business Times and an initiative by three partners Chairman of the ChildAid – Keppel REIT Management, 2012 organising committee, Steinway and ChildAid – to said, “ChildAid is an annual bring music that will enrich showcase of young musical lives and also add vibrancy talents who have the to Singapore’s business and opportunity to perform on ChildAid perfomer, 11-year-old Kennis Ang, enthralls audiences on the Steinway grand piano financial district.” a world-class stage while at Ocean Financial Centre

Keppelite I December 2012 54 Nurturing Communities

Bowling for a cause

In support of Special KRC participants paired with Olympics Singapore, special athletes and delivered Keppelite Recreation Club their best moves and strikes (KRC) sent two teams with on the alleys. Team KRC 1 a $500 contribution each, clinched the first runner-up to participate in its annual position in the team event, Charity Bowl. with Team KRC 2 coming in close behind as second Ms Ainon Bte Haji Mohd runner-up. Taib, Senior Administrative Assistant at Keppel Shipyard, Held on 1 December 2012 enjoyed the experience, at NTUC Downtown East sharing, “We were all pleased Orchid Bowl @ E!hub, the to be there to encourage event received its largest

Special athletes, Kian Say (in red) and Rausyan (second from right) with their team mates from the special athletes with support to date with a total KRC 1 and KRC 2 intellectual disabilities to of 40 teams comprising 120

enjoy the competitive spirit players. keppelite and sport of bowling.”

Spinning to glory

In an effort to promote for their kind support. With physical fitness and a love for this sponsorship, we would sports in those undaunted by be able to encourage more physical disabilities, Keppel physically-challenged folks Land contributed $10,000 in to stay healthy with support of the Handcycling handcycling and at the National Disability League same time, raise awareness Sprint Race 2012. of disability sports.”

Organised by the Handcycling Representing Keppel Land Association Singapore (HAS) at the event was Mr Paul and the Singapore Disability Lau, GM, Projects. He Sports Council, the race took shared, “Keppel Land’s place on 24 November 2012 support towards HAS for at the College East campus the past three years reflects of the Institute of Technical our value of sharing with Education. the community. Through participation in such events, Mr Foo Fung-liang, President we realise how fortunate we

of HAS, said, “Our deepest are as individuals.” keppelite Mr Paul Lau (right), GM, Projects at Keppel Land, tries his hand at handcycling gratitude to Keppel Land

Keppelite I December 2012 Nurturing Communities 55

Joyous giving

Keppelites gave generously with open hearts this festive season, from donating blood to fulfilling the wishes of the less privileged

From donating blood to Keppel Land, Ms Ho Chan Mr Yeo Teck Chye, the wishes of the less sharing joy and gifts with the Chan, shared his excitement, Marketing Executive at fortunate. underprivileged, Keppelites “This is my first time in Jacob Keppel FELS, who has engaged in a variety of Ballas Children’s Garden. participated in the blood The “Grant A Wish” initiative meaningful activities this I love the food here – there’s drive for three consecutive is organised yearly by Keppel festive season. ramly burger! I also enjoyed years shared, “The donation Land’s Property Management the game booths and the of blood is very meaningful. team, rallying staff and Some 15 Keppel volunteers magic show!” I am encouraged by tenants at Bugis Junction spent quality time with Keppel’s strong support for Towers, Equity Plaza, Keppel/ underprivileged children at Over at Keppel yards and this initiative. Christmas is GE Towers, Ocean Financial a carnival thrown by the offices, Keppelites stood in all about giving and sharing Centre and Prudential Tower Jacob Ballas Children’s line to share their gift of life and I can think of no better to help fulfill the wishes Garden on 18 November at the Keppel Group Blood gift than a donation that of beneficiaries from the 2012 to mark its fifth Donation Drive between saves lives.” Association of Persons anniversary. 18 and 21 December 2012. with Special Needs and the The blood donation drive Keppelites and tenants Singapore Cancer Society.

Nine-year-old Elifiyan, is organised annually by at Keppel’s commercial keppelite who was accompanied by Keppel Volunteers and buildings also stepped Keppel volunteer and supported by the Health into Santa’s big boots Customer Focus Manager at Sciences Authority. this Christmas to grant

Keppelite I December 2012 BackPage 56

Preferred provider of drilling solutions in Mexico

Keppel FELS has won a quality rigs to PEMEX safely, contract from PEMEX on time and within budget. Exploracion y Produccion, a subsidiary of Mexico’s “We are seeing more national oil company, enquiries from Mexico for Petroleos Mexicanos new rigs and we believe (PEMEX), to build two KFELS our KFELS B Class jackup B Class jackup rigs worth design is well suited to meet US$420 million. the requirements of the Mexican market. Together Scheduled for delivery in with our Keppel AmFELS 1 Q 2 0 1 5 , t h e h i g h yard in Brownsville, Texas, specification rigs will be the we aim to boost our 19th and 20th KFELS B Class track record and establish rigs on order at Keppel, with ourselves as the foremost 36 already delivered within provider of drilling solutions the past decade. in Mexico.”

When completed, the two PEMEX is the world’s rigs will join the list of fourth-largest crude producer KFELS B Class jackup rigs at 2.5 million barrels per already built by Keppel for day. The Mexican national its Mexican customers. This oil company has estimated includes the PRIMUS jackup that they will invest up to rig recently delivered to US$2.4billion in 2012 in Oro Negro, as well as the exploration, and expect Tonala rig operated by to have 40 rigs eventually Peforadora Central. operating in Mexican waters. Mr Wong Kok Seng, MD (Offshore) of Keppel Offshore A senior official from PEMEX & Marine and MD of Keppel said, “The KFELS B Class FELS, said, “We thank PEMEX jackup rig, such as the Tonala for selecting the proven and Ocean Scepter, which KFELS B Class design as are operating successfully in the basis of their new rigs. Mexico, has proven to be an With 36 rigs delivered and efficient, high specification Keppel FELS recently delivered a KFELS B Class jackup rig to Mexican customer Oro Negro 20 on order, the KFELS B rig. The two new rigs will Class design has been the be an important addition to specifications required by the KFELS B Class jackup rig of choice for drilling our fleet as we expand our PEMEX.” design is able to operate in operators in meeting the exploration and production water depths of up to 400 higher specification needs capabilities. We are confident Developed by Keppel’s feet and drill to depths of

of their customers. We look that Keppel FELS will deliver technology arm, Offshore 30,000 feet. keppelite forward to delivering high the rigs according to the Technology Development, Printed on recycled paper Printed on recycled

Keppelite I December 2012