Slide 1: DUG Technology FY2023 Investor Presentation
DUG Technology FY2023 Investor Presentation 28 August 2023 dug.com 1
Slide 2: Who we are
Who we are DUG is an ASX-listed tech company that provides innovative processing and storage solutions to leverage big data. DUG’s numerical scientists develop technology and deploy expertise using software and high performance computing (HPC) for real-world applications. Diverse Founded in Offices
Slide 3: Our 20-year journey
Our 20-year journey 2007 2019 2023 Record financial 2003 Kuala Lumpur Enterprise Data performance DUG founded office Centre Design Award 2013 London office 2009 2016 2006 Houston DUG Cool First major office 2020 discovery Listed on ASX dug.com 3
Slide 4: Global footprint
Global footprint U dug.com BUBBA 21 PF compute 30 PB storage 3.PF compute 5 PB storage = > TO KUALA LUMPUR TO HOUSTON d@ Proposed HPC Campus Geraldton Exascale Perth DUG global network — Connection to AARNet PF double-precision petaflops Climate positive PB petabyte of storage (©) DUG HPC locations
Slide 5: Making waves
Making waves REVENUE EBITDA PROFIT AFTER TAX US$50.9 million US$15.1 million US$4.9 million (FY22: US$33.8 million) (FY22: US$2.8 million) (FY22: loss of US$9.3 million) SERVICES ORDER BOOK OPERATING CASH INFLOWS NET CASH POSITION AS AT 30 JUNE 2023 US$13.4 million US$5.2 million US$27.9 million (FY
Slide 6: Key markets
Key markets A leading service provider for 20 years. Currently the primary driver of revenue and earnings. DUG’s technology helps clients make more timely, well-informed, operational decisions. DUG’s Oil & Gas products and services have contributed to numerous significant discoveries. Actively progr
Slide 7: What we do
What we do High Performance Software Services Computing (HPC) o Analytic software development o Data science & management o Powerful, bare-metal compute & storage o Algorithms and optimisation o Geoscience & seismic data o Complete, integrated HPC environment o Big data processing and visualisation
Slide 8: FY2023 Product Line Performance
FY2023 Product Line Performance dug.com 8
Slide 9: FY2023 Software
FY2023 Software Revenue: US$6.6 million ↑ 8% Software o Software revenue continues to grow strongly year-on-year, sales team has grown during FY2024 o Analytic software development o Significant new oil and gas client signed in January 2023 on a five o Algorithms and optimisation o Big data processi
Slide 10: FY2023 Services
FY2023 Services Revenue: US$40.3 million ↑ 70% Services o Record high revenue for the year following sustained order intake since March 2022 o Data science & management o Growth in global sales force during FY2023 o Geoscience & seismic data processing o Multi-parameter FWI Imaging o Houston office
Slide 11: FY2023 HPC
FY2023 HPC Revenue: US$4.0 million ↑ 2% High Performance o Strategically important new client wins including: Computing (HPC) o Committed compute and storage with Monash University o On-demand services for University of Western Australia and Murdoch o Powerful, bare-metal compute & storage Universit
Slide 12: Business Update
Business Update dug.com 12
Slide 13: Geraldton HPC Campus
Geraldton HPC Campus o A$5 million grant funding from WA State Government o Funding will support up to half of initial infrastructure build, hardware will be asset financed o First data hall planned to have a 400 petaflops capacity o Access to renewable energy solutions o Plan to commence constructi
Slide 14: Immersion Cooling
Immersion Cooling o Some of the greenest supercomputing installations on Earth o Help meet clients’ environmental, social Lower PUE and governance requirements means more energy efficient o Patented DUG Cool immersion-cooling technology o Reduces power consumption by ~51% o Uses 85% less synthetic r
Slide 15: Middle East Update
Middle East Update o The Middle East is the largest producing oil region globally (1) o An increasingly important sales market for DUG and a strong contributor to FY2023 revenue o Multiple software evaluation trials underway with local producers o DUG has made significant progress in establishing a
Slide 16: Multi-parameter FWI Imaging
Multi-parameter FWI Imaging o DUG R&D has revolutionised seismic data processing with Multi-parameter Full Waveform Inversion (FWI) Imaging o Replaces traditional processing workflows o Superior results in significantly shorter timeframes o ~10% of the time—from 12 months to approximately 5 weeks o
Slide 17: Global MP-FWI Projects
Global MP-FWI Projects dug.com 17
Slide 18: Outlook
Outlook dug.com 18
Slide 19: Outlook
Outlook o July 2023 saw the largest recorded single month of Services orders with US$18.6 million of new tenders awarded, increasing the Services order book to US$42.2 million at 31 July 2023. The Services business shows no signs of slowing down. o MP-FWI presents a new direction for oil & gas compa
Slide 20: FY2023 Financials
FY2023 Financials dug.com 20
Slide 21: Profit and Loss
Profit and Loss USD’m1 FY20231 FY20221,2 % Change o Revenue increased by 51% driven mainly from Services Revenue Software 6.6 6.2 8% o Other income reduced due to a gain recorded in FY2022 on Services 40.3 23.7 70% remeasurement of a lease in London HPCaaS 4.0 3.9 2% Total Revenue 50.9 33.8 51% o In
Slide 22: Balance Sheet
Balance Sheet USD’m 30 Jun 20231 30 Jun 20221,2 Current Assets o Net assets improved significantly as a result of the profit for the Cash and cash equivalents 8.0 2.7 year Trade and other receivables 6.6 4.9 Contract assets 2.6 0.3 Other 1.2 1.7 o Net cash of US$5.2 million up from net debt of US$1.
Slide 23: Cash Flow
Cash Flow USD’m FY20231 FY20221 Cash flow from operating activities o Operating cash inflows of US$13.4 million was a record high - EBITDA 15.1 2.8 for the company following a strong EBITDA result - Movement in working capital 0.9 1.8 - Non-cash items in EBITDA (2.3) (3.9) o Non-cash EBITDA items in
Slide 24: Disclaimer
Disclaimer This presentation has been prepared by DUG Technology Ltd ("DUG") based on information available as at the date of this presentation. The information in this presentation is provided in summary form and does not contain all information necessary to make an investment decision. Reliance sh
Slide 25: Appendices and Case Studies
Appendices and Case Studies dug.com 25
Slide 26: Corporate summary
Corporate summary Share Price (ASX:DUG) Corporate Structure Units 1.8 9 Share Price (as at 24 August 2023) A$/sh 1.53 1.6 8 1.4 7 Shares on Issue #m 118.1 Price (A$/share) Market Capitalisation A$m 180.7 Volume (millions) 1.2 6 1 5 0.8 4 (+) Financial Debt¹ (as at 30 June 2023) A$m 4.4 0.6 3 (-) Cas
Slide 27: Better and greener shipbuilding
Better and greener shipbuilding o Ship design specialists at Austal perform resource-intensive computational analyses to improve the efficiency and performance of defence and commercial vessels o Austal required quick access to different hardware and an efficient, flexible HPC platform to meet its i
Slide 28: Out-of-this-world processing of astronomy data
Out-of-this-world processing of astronomy data o The Square Kilometre Array (SKA) Project is one of the largest international scientific research projects in history o The Murchison Widefield Array (MWA) telescope had amassed a backlog of data that was being processed using the Pawsey Supercomputing
Slide 29: Sharpening Earth observation capabilities
Sharpening Earth observation capabilities o Smart-satellite provider LatConnect 60 is working to promote a subscription-based monitoring service to enhance crop management o To sustain a large-scale deployment of the service, LatConnect 60 required a tailored, cost- effective and efficient solution
Slide 30: Supercharging medical research at Perkins
Supercharging medical research at Perkins o Researchers at the Harry Perkins Institute of Medical Research (Perkins) must constantly develop new algorithms and methodologies to keep pace with the rapid evolution of bioinformatics o Perkins required a fully supported HPC system designed to let them s
Slide 31: Outsmarting bushfires with AI
Outsmarting bushfires with AI o The Frontier Development Lab AusNZ approached DUG to provide the HPC service and support for Data Quest 2020—a research sprint incorporating artificial intelligence (AI) into firefighting o Predicting and preventing bushfires are arduous tasks due to the complexity of
Slide 32: Unlocking new solutions for neurodegenerative diseases
Unlocking new solutions for neurodegenerative diseases o Biotech company GenieUs Genomics (GenieUs) developed DiGAPTM, a bioinformatic tool for analysing whole-genome sequencing o GenieUs faced long processing times for each sample, and the large size of datasets made unit testing difficult—resultin
Slide 33: Better healthcare for Indigenous Australians
Better healthcare for Indigenous Australians o Computational biologists at Indigenous Genomics (IG) at the Telethon Kids Institute are developing novel healthcare solutions for Indigenous Australians, which entail the analysis of large, complex and sensitive datasets o The IG research group required
Slide 34: dug.com
dug.com facebook.com/TeamDUG linkedin.com/company/teamdug twitter.com/Team_DUG youtube.com/DugeoOnline investor@dug.com +618 9287 4100 dug.com 34