Slide 1: Preliminary Financials FY 2020
Preliminary Financials FY 2020 SEPTEMBER 2021
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements. The words “anticipate”, “assume”, “believe”, “estimate”, “expect”, “intend”, “may”, “plan”, “project”, “should” and similar expressions are used to identify forward-looking statements. Forward-looking statements are statements that ar
Slide 3: Agenda
Agenda Financial Overview 2020 4 Business Development 9 Latest Site Developments 32 Outlook 2021 36 NORTHERN DATA AG | 3
Slide 4: Financial Overview 2020
Financial Overview 2020 NORTHERN DATA AG | 4
Slide 5: Financial Year 2020: Impacts from Subsequent Events in 2021
Financial Year 2020: Impacts from Subsequent Events in 2021 Guidance 2020 Preliminary Financials 2020 Subsequent Effects Acquisition of Decentric Europe BV (Altcoin In 2020 agreed contracts with Decentric Mining / Cloud Computing) Europe BV as well as with Bitfield N.V. haven‘t lead to the essential
Slide 6: Financial Year 2020: Highlights
Financial Year 2020*: Highlights Accounting Transition & Acquisitions Effects IFRS € 16.4 m Revenue M&A Transactions in 2021 Lead to Adjustments of Revenue & EBITDA IFRS € -12.3 m for FY 2020 and FY 2021 EBITDA Cash and Cash € 73.9 m First-Time Adoption of Equivalents as of 31.12.2020 International
Slide 7: Preliminary YoY Growth 2020
Preliminary YoY Growth 2020 Revenue EBITDA +64% € 16.4 m € 10 m 2019 2020 € -4.7 m € -12.3 m 2019 2020 * Preliminary figures. NORTHERN DATA AG | 7
Slide 8: Preliminary Unaudited Net Financial Position (as of September 2021)
Preliminary Unaudited Net Financial Position (as of 29 September 2021) RIOT Cash Payment € 67 m Block.one M&A Payment € 61 m Total Cash Growth € ~340 m Liquidated Investments RIOT Shares 1.25 m € 156 m RIOT SHARES € ~304 m € ~28 m Grid Balancing Texas € 24 m Cash Capital Raise € ~312 m € 60 m Cash €
Slide 9: Business Development
Business Development NORTHERN DATA AG | 9
Slide 10: Response to Megatrends with Value Generating Solutions
Response to Megatrends with Value Generating Solutions Exponential Growth in Market Demand Blockchain Network Data Processing High Performance Computing Bitcoin Hosting Bitcoin Mining Altcoin Mining Cloud Computing Business and Services (for own account) (for own account) (3rd party) Segments (3rd p
Slide 11: Realizing New Industry Standards For Sustainability
Realizing New Industry Standards For Sustainability Product Renewable Energy Energy Efficiency & Ecological Footprint Bitcoin 100% Carbon-Neutral* Revolutionized DC Heat and Bitcoin Waste Hosting and Mining Management Services PUE Certified Carbon <1 Neutral ASIC Circular Mix of Renewable and Carbon
Slide 12: Response to Megatrends with Value Generating Solutions
Response to Megatrends with Value Generating Solutions Exponential Growth in Market Demand Blockchain Network Data Processing High Performance Computing Bitcoin Hosting Bitcoin Mining Altcoin Mining Cloud Computing Business and Services (for own account) (for own account) (3rd party) Segments (3rd p
Slide 13: Explanation of Bitcoin Hosting Business Model in the Future
Explanation of Bitcoin Hosting Business Model in the Future 05 VARIABLE PROFIT SHARE ON TOP 04 03 FIXED REVENUE & EBITDA STREAMS EARNINGS 02 01 VISIBILITY BUSINESS MODEL CONTRACT WINS TRANSPARENCY Steady and Potentially Strong Increase in Revenues NORTHERN DATA AG | 13
Slide 14: New Bitcoin Hosting Customer
01 CONTRACT WINS New Bitcoin Hosting Customer more than 1 Exahash under management upsizing option to more HIGH- than 2.5 Exahashes RENEWABLE AND PERFORMANCE EMISSION FREE MOBILE DC ENERGY* HOSTING & CRYPTO HARDWARE HOSTING AGREEMENT INCREASED SIGNIFICANT EXAHASH UNDER CAPACITY FOR MANAGEMENT EXPANS
Slide 15: Future Customers
01 CONTRACT WINS Bitcoin Hosting Customers Future Customers Digihost New Customer Data Center Location: Data Center Location: North America North America Product: Product: ASICs / mobile high- ASICs / mobile high- performance container performance container Exahash: 1 with the option Exahash: 1 with
Slide 16: Northern Data Creates Win-Win Situations
Illustrative 02 BUSINESS MODEL 05 VARIABLE TRANSPARENCY PROFIT SHARE ON TOP Northern Data Creates Win-Win Situations Profit Share Agreement Total Profit "Win-Win Situation" Higher performance Maximizes profit for drives higher profits customer and ND Customer Incentive structure Incentive structure
Slide 17: Mining Profitability
03 03 04 Illustrative EARNINGS EARNINGS FIXED REVENUE & EBITDA STREAMS VISIBILITY VISIBILITY Concept of Bitcoin Mining Hosting 2021 2022 2023 2024 2025 2026 Mining Profitability Base Case € xx p.a. Recurring Revenues Variable Case * Base Case ASIC Hardware € xx m Bitcoin Mining Variable Case Hosting
Slide 18: Decreasing BTC Price Implies Increase in Market Share
Illustrative 02 BUSINESS MODEL TRANSPARENCY Decreasing BTC Price Implies Increase in Market Share ~900 BTC per day x market share x BTC price in US$ equals steady profitability level Scenario BTC at US$ 40 k Scenario BTC at US$ 20 k Cost Breakeven point Cost base → cost = profit base BTC Price Peer
Slide 19: Response to Megatrends with Value Generating Solutions
Response to Megatrends with Value Generating Solutions Exponential Growth in Market Demand Blockchain Network Data Processing High Performance Computing Bitcoin Hosting Bitcoin Mining Altcoin Mining Cloud Computing Business and Services (for own account) (for own account) (3rd party) Segments (3rd p
Slide 20: Acquisition of Bitcoin Miner Bitfield
Acquisition of Bitcoin Miner Bitfield Instant access to ASIC hardware TRANSACTION VALUE OF UP TO UP TO 3.1 EH/S € 400 m 86% SHARE IN BITFIELD - 100% CARBON- TO BE INCREASED NEUTRAL* TO 100% 33,000 HIGH- UP TO 5.1 m SHARES PERFORMANCE ASIC ISSUED MINER Vertical integration of the Crypto Mining value
Slide 21: Cumulated Capacity
ASIC-Miner Roll-Out Projection until end of 2022 10 EH End of 2022 Cumulated Capacity 12/22 ~110,000 Miners* 3.1 EH 01/22 2.5 EH 1.5 EH 1.65 EH 12/21 ~ 400 MW 1.1 EH 11/21 0.7 EH 10/21 09/21 Online Time Location USA 1 USA 2 USA 3 USA 4 Canada 1 Canada 2 FY2022* 10 EH/s # Miner (k) 6.6 11 15 16.5 27
Slide 22: Response to Megatrends with Value Generating Solutions
Response to Megatrends with Value Generating Solutions Exponential Growth in Market Demand Blockchain Network Data Processing High Performance Computing Bitcoin Hosting Bitcoin Mining Altcoin Mining Cloud Computing Business and Services (for own account) (for own account) (3rd party) Segments (3rd p
Slide 23: Acquisition of Decentric Europe from Block.one
Acquisition of Decentric Europe from Block.one BEFORE AFTER Deal value: € 365 m ✓ 24,000 SERVER SYSTEMS BY GIGABYTE ✓ 223,000 GPUS BY NVIDIA & AMD ✓ UP TO 2.6 EXAFLOPS & 13.86 TERAHASH NORTHERN DATA AG | 23
Slide 24: Response to Megatrends with Value Generating Solutions
Response to Megatrends with Value Generating Solutions Exponential Growth in Market Demand Blockchain Network Data Processing High Performance Computing Bitcoin Hosting Bitcoin Mining Altcoin Mining Cloud Computing Business and Services (for own account) (for own account) (3rd party) Segments (3rd p
Slide 25: Game Changer for Data Processing
Game Changer for Data Processing
Slide 26: Exponential Growth in Data Processing Demand
Exponential Growth in Data Processing Demand AI Internet of Things Autonomous Driving Machine Learning Rendering NORTHERN DATA AG | 26
Slide 27: Today: Slow and Inefficient
Today: Slow and Inefficient Traditional Data Center Traditional Data Center Traditional Data Center NORTHERN DATA AG | 27
Slide 28: Creating Disruptive Change
Creating Disruptive Change Cloud-Based GPU Firepower Cloud Computing Data Center Revolution Innovative Software Crypto Rewards Green and Future-Ready NORTHERN DATA AG | 28
Slide 29: Tomorrow: Game Changer
Tomorrow: Game Changer 100% Green Cloud Computing Renumeration Very High Profitability Altcoin Mining Rewards Data Privacy NORTHERN DATA AG | 29
Slide 30: Targeted Evolution of the GPU Platform
Illustrative Targeted Evolution of the GPU Platform 2021 2023E 2025E Altcoin Mining and Cloud Computing coexist to GPU Altcoin Mining: 99% Altcoin Mining: 50% Altcoin Mining: 5% maximize Revenue on the utilization Cloud Computing: 1% Cloud Computing : 50% Cloud Computing : 95% hardware Addressable A
Slide 31: Leading Value Generator for HPC Infrastructure Solutions
Leading Value Generator for HPC Infrastructure Solutions Infrastructure Value Generator Solutions Strategic Case Bitcoin Mining and Services Growth Case Cash Case Bitcoin Mining Cloud Altcoin Mining Computing NORTHERN DATA AG | 31
Slide 32: Latest Site Developments
Latest Site Developments NORTHERN DATA AG | 32
Slide 33: Norway NN
Norway 1 NN General Facts Location Deployed Capacity 35 MW Online 25 MW Hardware GPU Energy Type 100% Hydro 100% emission-free energy efficiency enables Use of Circular Economy Norwegian Data the elimination of GHG in planning Sovereignity emissions NORTHERN DATA AG | 33
Slide 34: SWE Hydro - Boden
SWE Hydro 66 - Boden General Facts Location Deployed Capacity 40 MW Online 20 MW Hardware GPU Energy Type 100% Hydro 100% emission-free energy efficiency enables Use of Circular Economy CO2 Savings the elimination of GHG in planning due to wooden structure emissions of the Data Center NORTHERN DATA
Slide 35: US
US 1 General Facts Location Deployed Capacity 25 MW Online 25 MW Hardware ASIC Energy Type Wind, Hydro and Fossil Fuels (Carbon-Neutral) Canada as Hub for POD mass production Carbon-Neutral 100% Bitcoin Mining Proprietary Pre- Energy* Manufactured Standardized Data Centers * Including acquisition of
Slide 36: Outlook 2021
Outlook 2021 NORTHERN DATA AG | 36
Slide 37: Outlook 2021: Revenue and EBITDA Performance
Outlook 2021: Revenue and EBITDA Performance TOTAL Mining Price BTC* / # ASIC MW # BTC Revenue Profitability* Profit Share Bitcoin € 65-70 m Hosting and €40,000 EBITDA Margin Revenue 14,000 52 0.25-0.35 180 Services (3rd party) 25-50% 15-20% € 180-220 m Mining # ASIC MW # BTC Price BTC* Revenue Prof
Slide 38: On Track for Sustained High Profitable Growth in the Future
Continued Long-Term Value Generation Northern Data Infrastructure Solutions On Track for Sustained High Profitable Growth in the Future NORTHERN DATA AG | 38
Slide 39: Northern Data AG
Northern Data AG An der Welle 3 60322 Frankfurt am Main Deutschland Jens-Philipp Briemle Head of Investor Relations Phone: +49 171 557 6989 Email: jens-philipp.briemle@northerndata.de ir@northerndata.de N OR THE RN DA T A. DE