Digico Infrastructure Reit · ASX:DGT
Digico Infrastructure Reit — FY2025 Earnings Presentation
33 slides from Digico Infrastructure Reit's earnings presentation, Aug 18, 2025
Slide 1: FY25 Results Presentation
FY25 Results Presentation 18 August 2025 0
Slide 2: Acknowledgement of Country
ACKNOWLEDGEMENT OF COUNTRY “Journey of Creation” Artwork by Billy Reynolds 1
Slide 3: Contents
Contents 1. Results Overview 03 2. Portfolio Update 10 3. Financial Results 15 4. Growth Projects 19 5. Outlook 25 Supplementary Information 27 Chris Maher Simon Mitchell Chief Executive Officer Chief Financial Officer 2
Slide 4: Results Overview
Results Overview 3
Slide 5: FY25 Highlights
FY25 Highlights ▪ In August 2025, SYD1 was granted ‘Certified Strategic’ data centre status under the Australian Government Hosting Certification (“HCF”) Framework HCF ▪ ‘Certified Strategic’ is the highest level of certification under the Australian Government HCF process and reinforces DGT’s role
Slide 6: SYD1 HCF Update
SYD1 HCF Update The granting of the ‘Certified Strategic’ status reinforces SYD1 as a critical piece of Australia’s digital sovereign infrastructure Hosting Certification Framework (“HCF”) Timeline Key Benefits NATIONAL ✓ Builds on existing HCF certification for BNE2 to now create a national footpri
Slide 7: Investment in Key Hires
Investment in Key Hires DigiCo has made senior industry hires across sales, commercial and asset management teams to expand the data centre team, drive commercial execution, enhance customer delivery and position the business for growth NEW HIRES ▪ 15+ years of industry experience ▪ 25+ years of ind
Slide 8: SYD1 Development Update
SYD1 Development Update The D&O project design has been strategically optimised to deliver contiguous, high density space catering to large-scale 5 – 10MW+ deployments SYD1 WEST SYD1 EAST DEVELOPMENT OBJECTIVES 45 MW 43 MW D&O project to modernise SYD1, with ~75% of the ✓ 88MW capacity to be brand n
Slide 9: Data Centre Demand Drivers
Data Centre Demand Drivers Multiple high-impact sectors fuelling strong, sustained demand for data centre capacity DIGICO TARGET SEGMENTS Hyperscale Cloud Enterprise and Government Digital Edge Computing and Carriers Artificial Intelligence Transformation Purpose-built facilities for scalability, Ul
Slide 10: Market Scale and Opportunity
Market Scale and Opportunity Strong customer demand and proactive capacity management have unlocked new sales opportunities and driven major renewals DGT PRIORITIES AI ACCELERATION ROBUST DEMAND DRIVING RAPID SIGNALS MARKET SHIFT 11. Stabilise and engage with existing customer base ✓ Positive spread
Slide 11: Portfolio Update
Portfolio Update 10
Slide 12: Portfolio Update
Portfolio Update DigiCo portfolio comprises of 13 properties with a total current Contracted IT Capacity of 65MW Portfolio Summary Statistics Sector Mix6 Service Fee Escalations6 9% 10%1% Metric North America Australia DigiCo Portfolio 18% 42% Number of Properties 5 8 13 3% 13% Independent Valuation
Slide 13: Portfolio Update (cont'd)
Portfolio Update (cont’d) DigiCo has a global portfolio and broad investment mandate across stabilised, value-add and development opportunities North America Australia 5 $1.7bn 110MW 8 $2.4bn 122MW Properties Valuation1 Planned IT Capacity2 Properties Valuation1 Planned IT Capacity2 Townsville 1 Chi
Slide 14: Portfolio Update (cont'd)
Portfolio Update (cont’d) Portfolio is geographically diverse with high-quality tenant counterparties and long-term customer relationships that will support stable and growing cashflows Revenue Mix by Income1 Credit Quality by Income2 Portfolio Mix by Value3 12% 19% 18% 41% 59% 70% 81% Service fee r
Slide 15: WHS Highlights
WHS Highlights DigiCo prioritises safety across all operations, with ongoing efforts to prevent incidents and injuries WHS Highlights Site Photos ▪ From acquisition date to 30 June 2025, the business reported zero Lost Time Injury Frequency Rate (LTIFR) and zero Total Recordable Injury Frequency Rat
Slide 16: Financial Results
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Slide 17: Earnings Summary
Earnings Summary Annualised Underlying EBITDA of $99m is above PDS guidance $m, unless otherwise stated Dec-24 to Jun-25 Commentary Colocation revenue 60.0 Interconnection revenue 18.8 ▪ Financial statements presented for period 18 December 2024 to 30 June 2025 Rental revenue 14.1 ▪ Separate account
Slide 18: Balance Sheet
Balance Sheet Resilient portfolio valuation provides platform for continued asset recycling and organic growth $m, unless otherwise stated Jun-25 Commentary Cash and cash equivalents 425 Trade and other receivables 19 ▪ Cash of $425m Other current assets 178 Current assets 622 ▪ Net asset value per
Slide 19: Capital Position and Funding
Capital Position and Funding Liquidity of $740m and 35% gearing as at Jun-25 $m, unless otherwise stated Jun-25 Commentary Debt Summary ▪ Total liquidity of $740m Facility limit (bank debt) 2,193 ▪ Gearing of 35%, at bottom end of 35-45% target range Drawn debt1 1,878 ▪ Weighted average debt tenor 4
Slide 20: Growth Projects
Growth Projects 19
Slide 21: Portfolio Growth Pipeline
Portfolio Growth Pipeline Material value embedded, to be realised through lease-up, densification and optimisation initiatives across value-add assets, attractive brownfield and greenfield development opportunities and inorganic growth opportunities Portfolio IT Capacity (MW) Value-add and Developme
Slide 22: SYD1 Development Update
SYD1 Development Update SYD1 Current SYD1 Post D&O program 21
Slide 23: Los Angeles Development
Los Angeles Development LAX1 is progressing through final approvals, targeting construction start in 2026 and leveraging city-backed district transformation plans to unlock long-term value Status Update LAX1 Renderings ✓ LAX1 and LAX2 remain on track for 66MW 1 of capacity from independent data cent
Slide 24: Growth Projects
Growth Projects Strategically located assets with strong demand complement the existing DigiCo portfolio CHI1 BNE32 ADL1 • Located in an attractive submarket of Chicago with a • DigiCo is in discussions with Brisbane Airport • Expansion project to deliver additional 8MW of IT diverse customer base a
Slide 25: Capital Partnering Strategy
Capital Partnering Strategy DigiCo remains focused on accelerating growth across the platform through the introduction of capital partners Target levered project IRR1 8 – 12% 12 – 15% 15 – 30%+ DigiCo ownership 50 – 75% 50 – 75% ~50% U.S. Operating Assets Australian Colocation Assets U.S. Developmen
Slide 26: Outlook
Outlook 25
Slide 27: FY26 Outlook
FY26 Outlook ▪ The Australian business is now well positioned to secure the significant customer demand in the sector following SYD1 HCF certification and the 9MW expansion works in SYD1 which are underway. DigiCo is targeting to have Contracted IT Capacity of 27MW by June 2026, which would represen
Slide 28: Supplementary Information
Supplementary Information 27
Slide 29: Underlying EBITDA and FFO Reconciliation
Underlying EBITDA and FFO Reconciliation $m, unless otherwise stated Dec-24 to Jun-25 Underlying EBITDA1 52.9 Depreciation and amortisation (59.0) Net finance costs (41.0) Fair value movements (28.6) Transaction costs (9.3) Interest income 8.7 Tax benefit 5.6 Other 2.8 NPAT (67.9) Depreciation and a
Slide 30: Glossary
Glossary Term Meaning Term Meaning ADL Adelaide (used in site names like ADL1, ADL2) IFRS International Financial Reporting Standards AI Artificial Intelligence IRR Internal Rate of Return AASB Australian Accounting Standards Board IT Information Technology AUD Australian Dollar KCM Kansas City (use
Slide 31: Contacts
Contacts Investors and Analysts Media Chris Maher Simon Mitchell John Frey Chief Executive Officer Chief Financial Officer Corporate Communications +61 2 8357 8589 +61 2 8357 8517 +61 411 361 361 chris.maher@hmccapital.com.au simon.mitchell@hmccapital.com.au john@brightoncomms.com.au Authorised for
Slide 32: Important Notices & Disclaimer
Important Notices & Disclaimer This presentation (Presentation) is dated 18 August 2025 and has been prepared by HMC Digital Infrastructure Ltd (ACN 682 024 924) (DigiCo StapleCo) in respect of DigiCo Infrastructure REIT (ASX: DGT), a stapled entity comprising DigiCo StapleCo and Equity Trustees Lim
Slide 33: Important Notices & Disclaimer (cont'd)
Important Notices & Disclaimer (cont’d) Past performance Past performance and any pro forma financial information given in this Presentation, is given for illustrative purposes only and should not be relied upon as (and is not) an indication of DigiCo REIT’s views on its future financial performance
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