Ntt Dc Reit · SGX:NTDU
Ntt Dc Reit — 9M FY25/26 Earnings Presentation
25 slides from Ntt Dc Reit's earnings presentation, March 2026
Slide 1: Investor Presentation
Investor Presentation March 2026 CA3 | 1625 West National Drive, Sacramento, U.S.
Slide 2: Important Notice
Important Notice This presentation is for information purposes only and does not constitute or form part of an offer, invitation or solicitation of any offer to purchase or subscribe for any securities of NTT DC REIT in Singapore or any other jurisdiction nor should it or any part of it form the bas
Slide 3: Content
Content ▪ 9M FY25/26 Key Highlights ▪ Key Financial Updates ▪ Capital Management ▪ Operational Updates ▪ About the Sponsor ▪ Additional Materials 3
Slide 4: 9M FY25/26 Key Highlights
9M FY25/26 Key Highlights CA2CA2 | 1312 | 1312 Striker Striker Avenue, Avenue, Sacramento, Sacramento, U.S.U.S. 4
Slide 5: 9M FY25/26 Key Highlights
9M FY25/26 Key Highlights Stable financial performance ▪ Performance in line with forecasts, supported by steady operating performance Revenue (US$m) NPI (US$m) Distributable Income (US$m) 1.7% 0.6% 0.4% 104.2 106.0 47.4 47.1 36.3 36.1 Adjusted IPO Forecast (1) Actual (2) Adjusted IPO Forecast
Slide 6: 9M FY25/26 Key Highlights
9M FY25/26 Key Highlights Strong leasing performance driven by strong demand ▪ Supported by positive pricing momentum, 9M FY25/26 rent reversion was +9.2% ▪ Strong 3Q leasing activity led to committed backfill, lifting occupancy to 97.3%(1), with revenue contribution starting from 4Q FY25/26 Portfol
Slide 7: NTT DC REIT Portfolio Overview
NTT DC REIT Portfolio Overview (as at 31 December 2025) 6 assets 90.7 MW 82.7% Across U.S., EMEA, APAC Design IT Load Freehold Assets(1) 94.6% 4.4 years 100% Occupancy Rate(2) WALE(3) Tier-III / Tier-III equivalent EMEA: 18.1% US: 64.6% Vienna: 18.1% Fast-growing market in EMEA Northern Virginia: 13
Slide 8: Key Financial Updates
Key Financial Updates CA2 | 1312 CA3 Striker Avenue, | 1625 Sacramento, West National U.S. Drive, Sacramento, U.S. 8
Slide 9: 9M FY25/26 Key Financial Updates
9M FY25/26 Key Financial Updates Variance Adjusted IPO / () Actual(1) Forecast(2) US$’000 US$’000 US$’000 % Gross revenue 106,021 104,244 1,777 1.7% NPI 0.6% below Adjusted IPO Forecast, mainly due to: ▪ Lower occupancy Property operating expenses (58,916) (56,867) 2,049 3.6% ▪ Softer powe
Slide 10: Capital Management
Capital Management CA2 | 1312 Striker VA2 Avenue, Sacramento, | 44610 Guilford U.S. U.S. Drive, Ashburn, 10
Slide 11: Capital Management
Capital Management 31 Dec 2025 30 Sep 2025 Debt currency profile (as at 31 December 2025) Total debt (US$m) 523 522 SGD, 2.5 2.8 25.0% Average debt tenor (years) (+1.0+1.0) (+1.0+1.0) Aggregate leverage 32.5% 32.5% EUR, 45.0% Weighted average all-in interest rate 3.94% 3.90% USD, Interest coverage r
Slide 12: Operational Updates
Operational Updates CA2 | 1312 Striker CA1Avenue, Sacramento, | 1200 Striker U.S. Avenue, Sacramento, U.S. 12
Slide 13: Portfolio Leasing Updates
Portfolio Leasing Updates 0.5 ppts 97.3%(1) Occupancy Including Committed Contracts 95.1% 2.7% 94.6% 97.3%(1) Solid Rent Reversion +9.2% Leases Renewed US$1.1m MBR(2) As at 30 Sep 2025 As at 31 Dec 2025 As at 31 Dec 2025 (Incl.committed contracts) Notes: (1) As at 31 December 2025. Including leas
Slide 14: Higher Occupancy from Upcoming Lease Commencements
Higher Occupancy from Upcoming Lease Commencements • Underpinned by strong demand, ~2,400kW of leases were secured across CA1, CA3 and SG1 • Most of these leases will commence from 4Q FY25/26 • Including these committed leases, occupancy stood at 97.3%(1) CA1, Sacramento CA3, Sacramento SG1, Singapo
Slide 15: Asset Highlights
Asset Highlights VA2 Asset CA1-3 Assets VIE1 Assets SG1 Asset Occupancy by IT load (%) Occupancy by IT load (%) Occupancy by IT load (%) Occupancy by IT load (%) 0.9 ppts 0.1 ppt 0.1 ppt 95.7% 93.4% 93.5% 98.1% 98.1% 94.8% 91.4% 91.5% As at 30 Sep 2025 As at 31 Dec 2025 As at 30 Sep 2025 As at
Slide 16: Well-Staggered Lease Expiry Profile
Well-Staggered Lease Expiry Profile <12% 4.4 years Expiring in FY25/26 Weighted average lease expiry(1) Lease Expiry Profile (% of Total Monthly Base Rent)(2) 49.5% 15.3% 11.6% 10.9% 6.4% 4.8% 1.5% FY25/26 FY26/27 FY27/28 FY28/29 FY29/30 FY30/31 Open, and beyond rolling CA1 CA2 CA3 VA2 VIE1 SG1 Note
Slide 17: Top 10 Customers and Income Contribution
Top 10 Customers and Income Contribution Top 10 Customers by Total Monthly Base Rent(1) Credit Rating(2) Average Escalation: 2.7%(3) Customer % of Total Monthly Base Rent WALE Moody’s S&P Fortune 100 U.S. automotive 1 31.5% 7.7 Baa3 BBB company NTT Group 12.8% 0.7 A3 A- Fortune 100 U.S. software 2 1
Slide 18: About the Sponsor
About the Sponsor CA2 | 1312 Striker SG1 |Avenue, Sacramento, 51 Serangoon U.S. 4, Singapore North Avenue 18
Slide 19: The Sponsor, NTT Limited, is part of NTT Group
The Sponsor, NTT Limited, is part of NTT Group Simplified Organisational Structure NTT Group (headed by NTT, Inc., listed on the Tokyo Stock Exchange) ▪ Leading IT services and telco business with a track record of excellence since 1952 ▪ FY24/25 operating revenue: c.US$91.6bn(3); FY24/25 EBITDA: c.
Slide 20: The Sponsor is the 3rd Largest DC Provider Globally (ex. China)
The Sponsor is the 3rd Largest DC Provider Globally (ex. China) ▪ NTT Limited is the global data center-focused subsidiary of NTT DATA, Inc. and provides data center services through NTT Global Data Centers (“NTT GDC”) ▪ NTT GDC leverages the broader NTT Group’s connectivity and technological expert
Slide 21: NTT GDC – An Established Global Data Centre Operator
NTT GDC – An Established Global Data Centre Operator ▪ NTT GDC develops, operates and manages DCs with a global portfolio spanning 2,300 MW(1)+ Sponsor portfolio highlights U.S. | Ashburn | Chicago | Dallas | Gainesville | Hillsboro (as of September 2025) Americas 673 MW Phoenix | Sacramento | Santa
Slide 22: Additional Materials
Additional Materials CA2 | 1312 Striker Avenue, Sacramento, U.S. VIE1 | Computerstrasse 4, Vienna 22
Slide 23: Portfolio Information
Portfolio Information (as at 31 December 2025) Year-to-date Purchase Land tenure RFO / last Design IT load No. of Occupancy WALE Asset Location Base Rent Consideration expiry refurb(1) year (MW) Customers (by IT load) (%) (years) (US$m) (US$m)(2) U.S. 44610 Guilford Dr., VA2 Freehold 2016 / 2024 14.
Slide 24: NTT DC REIT structure
NTT DC REIT structure Master Property Management Trustee Management Agreement services fees NTT Limited Manager NTT DC REIT Trustee Asset Management Management Trustee 50% Agreement fees services NTT Global 100% 100% 100% 100% 100% Data Centers SG Sub 1 SG Sub-Trust SG Sub 2 SG Sub 3 SG Sub 4 Asset
Slide 25: Thank You
Thank You For more information, please visit: www.nttdcreit.com 25