Nextdc Limited · ASX:NXT
Nextdc — Investor Presentation (April 2020)
20 slides from Nextdc's investor presentation, Apr 2, 2020
Slide 1: Capital Raising
Capital Raising 2 April 2020 NOT FOR DISTRIBUTION IN THE UNITED STATES
Slide 2: Important Notice – Disclaimer
2 Important Notice – Disclaimer Important Notice This presentation (Presentation) is dated 2 April 2020 and has been prepared by NEXTDC Limited ACN 143 582 521 (NEXTDC) and includes Not an offer Not investment advice information regarding an institutional placement (Placement) of new fully paid ordi
Slide 3: Important Notice – Disclaimer (cont.)
3 Important Notice – Disclaimer (cont.) Future performance Disclaimer Acknowledgment This Presentation contains certain ‘forward looking statements’. Forward No party other than NEXTDC has authorised or caused the issue, You acknowledge and agree that: looking statements can generally be identified
Slide 4: Summary Overview
Capital Raising SUMMARY OVERVIEW NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES
Slide 5: Executive Summary
5 Executive Summary NEXTDC is undertaking a capital raising to raise approximately $6721 million NEXTDC today announces a capital raising to raise approximately $6721 million (“Capital Raising”): 1 • $672 million fully underwritten institutional placement (“Placement”); and • Non-underwritten Share
Slide 6: Capital Raising Overview
6 Capital Raising Overview Capital Raising to raise approximately $6721 million to pursue growth initiatives • Placement to institutional shareholders to raise $672 million (“Placement”): o The Placement is fully underwritten by the Joint Lead Managers and Bookrunners, Citigroup Global Markets Austr
Slide 7: Capital Raising Sources & Uses
7 Capital Raising Sources & Uses Sources $m Comments Capital Raising1 672 Placement (excludes SPP) Total 672 Uses $m Comments S3 Sydney Development (phase 1) 350 Costs likely to be incurred over the next 24 months Growth Initiatives 307 Growth driven initiatives, including capacity requirements and
Slide 8: Pro Forma Balance Sheet
8 Pro Forma Balance Sheet 31 Dec 2019 31 Dec 2019 $m Impact of Capital Raising1,2 (Statutory) (Pro Forma) ASSETS Cash and cash equivalents 196.7 656.8 853.5 Other current assets 54.2 54.2 TOTAL CURRENT ASSETS 250.9 656.8 907.7 Property, plant and equipment 1,524.1 1,524.1 Intangible assets 27.0 27.0
Slide 9: Capital Raising Timetable
9 Capital Raising Timetable Event Date1 Record date for determining eligibility for SPP 7:00pm AEST, Wednesday, 1 April 2020 Trading halt and announcement of Capital Raising Thursday, 2 April 2020 Placement Bookbuild Thursday, 2 April 2020 Announcement of results of Placement and trading halt lifted
Slide 10: Contract Utilisation & S3 Development
Capital Raising CONTRACT UTILISATION & S3 DEVELOPMENT
Slide 11: Strong Domestic Track Record
11 Strong Domestic Track Record NEXTDC has achieved a strong sales track record in NSW and Victoria, with further material contract wins expected in the near term NSW Contracted Utilisation (MW) Victoria Contracted Utilisation (MW) 20.9 31.9 32.2 14.7 14.9 13.9 20.6 12.9 11.4 13.4 9.9 6.3 7.7 3.7 FY
Slide 12: S3 Sydney
12 S3 Sydney Technical Specifications Location Gore Hill Total planned IT capacity 80MW Phase 1 investment1 $350 million Initial capacity 12MW Target PUE 1.152 / 1.293 Design/construction standard UTI Tier IV Current Status DA approved S3 Key Features • UTI Tier IV design and construct certification
Slide 13: Key Risks
Capital Raising KEY RISKS
Slide 14: Key Risks
14 Key Risks Reduction in Data Centre COVID-19 Demand for Data Financing Risk Utilisation Centre Services Events related to COVID-19 have resulted in The proceeds of the equity raising are The market for data centres is characterised NEXTDC may, in the future, require additional debt or significant
Slide 15: Key Risks (cont.)
15 Key Risks (cont.) Reliance on Infrastructure Supply and Key & technology Pricing of Funding Risk Security Risk Management failure Utilities Personnel NEXTDC depends on the talent and NEXTDC relies on its infrastructure NEXTDC and its landlords rely on third NEXTDC has entered into an Security ris
Slide 16: Key Risks (cont.)
16 Key Risks (cont.) Future Litigation / Development General Lease Risk acquisitions Disputes Risk Risks NEXTDC will evaluate a range of NEXTDC may in the ordinary course NEXTDC holds long term leases over NEXTDC is involved in the An investment in NEXTDC is also growth driven initiatives in the fut
Slide 17: International Offer Restrictions
17 International Offer Restrictions This document does not constitute an offer of new fully paid ordinary New Zealand – Institutional Component United Kingdom shares (New Shares) of the Company in any jurisdiction in which it This document has not been registered, filed with or approved by any New N
Slide 18: International Offer Restrictions (cont.)
18 International Offer Restrictions (cont.) United States in accordance with applicable Canadian securities laws which may require a subsidiary of any person referred to in (a) or (b) above, if the person owns resales to be made in accordance with exemptions from dealer registration all the voting s
Slide 19: International Offer Restrictions (cont.)
19 International Offer Restrictions (cont.) Certain Canadian income tax considerations. Prospective purchasers of the defined in the SFA) or (iii) an "accredited investor" (as defined in the SFA). New Shares should consult their own tax adviser with respect to any taxes In the event that you are not
Slide 20: where the cloud lives
where the cloud lives TM investorrelations@nextdc.com linkedin.com/company/nextdc youtube.com/user/nextdatacentre 13 6398 twitter.com/nextdc www.nextdc.com/blog facebook.com/datacentres