Dug Technology Ltd · ASX:DUG
Dug Technology — Investor Presentation (August 2024)
35 slides from Dug Technology's investor presentation, Aug 22, 2024
Slide 1: DUG Technology FY2024 Investor Presentation
A VEAR = SZASMIC PROPORTICNS DUG TECHNOLOGY FY2024 INVESTOR PRESENTATION | 22 AUGUST 2024
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. Founded in 270+ employees W
Slide 3: Our 21-year journey
Our 21-year journey dug.com 3
Slide 4: What we do
What we do Services Software High Performance Computing (HPCaaS) o Multi-parameter FWI Imaging o Analytic software development o Powerful, bare-metal compute & storage o Seismic data processing o Algorithms and optimisation o Complete, integrated HPC environment o Data science & management o Big dat
Slide 5: Key markets
Key markets Increasing demand for HPC from industries with proliferating data. DUG has established agreements with numerous organisations (education, research, applied Oil & Gas science) to support their data processing and storage needs. A leading service provider for 21 years. Enterprise Currently
Slide 6: Global footprint
BUBBA 36 PF compute | 37 PB storage « Aa ss TO KUALA LUMPUR 7 DUG global network — Connection to AARNet & PF double-precision petaflops PB petabytes of storage DUG HPC locations DUG project locations Kuala Lumpur f BODHI 3 PF compute 6 PB storage Perth alll BRUCE 6 PF compute 9 PB storage > TO HOUST
Slide 7: Our ambition
Our ambition At the forefront of technical excellence and innovation Global leader in data processing, storage, visualisation and management World-class, sustainable supercomputing technology Leverage expertise in applied data science to realise opportunities in emerging markets Continued focus on R
Slide 8: Financials
FY 0246 FINAMCIALS dug.com dug
Slide 9: FY24 highlights
FY24 HIGHLIGHTS SERVICES WINS REVENUE US$67.4 million US$65.5 million ↑ 35% vs FY23 ↑ 29% vs FY23 UNDERLYING EBITDA1 SERVICES ORDER BOOK US$23.2 million AS AT 30 JUNE 2024 EBITDA1 US$16.6 million US$36.5 million ↑ 54%1 vs FY23 ↑ 31% vs 30 June 2023 1 Reported EBITDA of US$16.6 million, up 10% vs FY2
Slide 10: Profit and Loss
Profit and Loss o Revenue increased by 29% driven mainly from Services. Kuala US$ millions FY241 FY231 % Change Lumpur revenue grew by 112%. Houston remains the largest contributor to group revenue. MP-FWI Imaging revenue Revenue Software 7.4 6.6 12% comprised ~33% of the total revenue in FY24 Servi
Slide 11: Balance Sheet
Balance Sheet US$ millions FY241 FY231 Current Assets o Increase in Fixed Assets due to significant investment in Cash and cash equivalents 9.4 8.0 compute and ancillary hardware Trade and other receivables 9.3 6.6 Contract assets 4.3 2.6 Other 0.8 1.2 o Net assets mainly improved as a result of pro
Slide 12: Cash Flow
Cash Flow US$ millions FY241 FY231 o Strong cash generation Cash flow from operating activities o Non-cash EBITDA items include government grants for - EBITDA 16.6 15.1 - Movement in working capital (2.4) 0.9 R&D expenditure in Australia - Non-cash items in EBITDA (1.9) (2.3) - Net interest income a
Slide 13: Operating performance
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Slide 14: FY24 Services
FY24 Services Revenue: US$54.7 million ↑ 36% o Record high revenue for the year following a record services order intake in FY24 o Sales presence in UAE since H1FY24 o Houston office a strong contributor with revenue of US$30.3 million (↑20%), growth driven from a number of projects in the Middle Ea
Slide 15: FY24 Software
FY24 Software Revenue: US$7.4 million ↑ 11% o Recurring revenue underpins overall growth o Top three software clients account for >US$1.4 million revenue per annum, contract terms from 3-5 years o DUG’s software continues to be evaluated by leading global oil and gas companies dug.com 15
Slide 16: FY24 HPCaaS
FY24 HPCaaS Revenue: US$3.4 million ↓ 16% o Signed new A$500k deal with Curtin Institute of Radio Astronomy (CIRA) in early FY25 o Dedicated DUG Nomad business unit to accelerate rollout of the product line in FY25 and beyond o DUG Cool tank sale in the year to BP Castrol o ISO 9001 and ISO 27001 co
Slide 17: Deep Client Relationships
Deep Client Relationships Top 10 customers by FY24 revenue Our top 10 clients accounted for 60% of $8 Millions revenue for the financial year $7 Continue to foster long relationships with large $6 clients, across multiple product lines $5 $4 Relationships continue to lead to larger, longer- term pro
Slide 18: Business update
BUSINESS USV2ATE dug.com dug
Slide 19: Middle East Update
Middle East Update o The Middle East continues to be the largest producing oil region globally in 2023 (1) o DUG has commissioned a new office in Abu Dhabi o Building pipeline from customers based in Middle East o First contract won from major client in Middle East o Multiple software evaluation tri
Slide 20: DUG Cool agreement with BAC
DUG Cool agreement with BAC o Signed an exclusive licensing agreement with Baltimore Aircoil Company (BAC) over DUG’s immersion-cooling technology (DUG Cool) ○ Grants BAC an exclusive and worldwide licence to use DUG's patent rights and know-how ○ Includes the right to use, manufacture, market and s
Slide 21: DUG Nomad
DUG Nomad o New business unit formed from July 2024 to commercialise this technology o Mobile, modular data centre solution that puts HPC where you need it – DUG Cool in a container o Forged from decades of experience—an innovative combination of tried-and-tested hardware, software and infrastructur
Slide 22: Outlook
Ob FLOOK dug.com dug
Slide 23: Outlook
Outlook o FY24 results demonstrate outstanding organic growth, driven by the Services segment. The momentum is expected to continue into FY25 o The Company is well placed for accelerated momentum into FY25, underpinned by commissioning of an office in UAE o DUG starting FY25 with a strong service or
Slide 24: Disclaimer
Disclaimer This presentation has been prepared by DUG Technology Ltd ("DUG") based on information available as at the date of this presentation. The information in this presentation is provided in summary form and does not contain all information necessary to make an investment decision. Reliance sh
Slide 25: Corporate summary and case studies
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Slide 26: Corporate Summary
Corporate Summary Corporate Structure Units Share Price (as at 21 August 2024) A$/sh 2.92 Shares on Issue #m 118.1 Market Capitalisation A$m 344.9 (+) Financial Debt¹ (as at 30 June 2024) A$m 35.8 (-) Cash at Bank¹ (as at 30 June 2024) A$m 14.1 Enterprise Value A$m 366.6 Substantial Shareholders (as
Slide 27: Better and greener shipbuilding
Better and greener shipbuilding “With the support of Ship design specialists at Austal perform resource- HPC provider DUG intensive computational analyses to improve the Technology, we can efficiency and performance of defence and commercial reduce the timeframe vessels for hull form optimisation in
Slide 28: Out-of-this-world processing of astronomy data
Out-of-this-world processing of astronomy data DUG’s green HPC was The Square Kilometre Array (SKA) Project is one of the credited for lowering largest international scientific research projects in history emissions The Murchison Widefield Array (MWA) telescope had ICRAR published a amassed a backlo
Slide 29: Sharpening Earth observation capabilities
Sharpening Earth observation capabilities “We have been Smart-satellite provider LatConnect 60 is working to thoroughly impressed promote a subscription-based monitoring service to by the speed and scale enhance crop management at which DUG’s HPC offering has been able To sustain a large-scale deplo
Slide 30: Supercharging medical research at Perkins
Supercharging medical research at Perkins Perkins said: Researchers at the Harry Perkins Institute of Medical “Trusting the Research (Perkins) must constantly develop new technology to the algorithms and methodologies to keep pace with the experts at DUG, we rapid evolution of bioinformatics can now
Slide 31: Outsmarting bushfires with AI
Outsmarting bushfires with AI Clear, demonstrable The Frontier Development Lab AusNZ approached DUG to pathways and provide the HPC service and support for Data Quest deployable tools for 2020—a research sprint incorporating artificial future use by fire intelligence (AI) into firefighting experts a
Slide 32: Unlocking new solutions for neurodegenerative diseases
Unlocking new solutions for neurodegenerative diseases Some parts of the Biotech company GenieUs Genomics (GenieUs) developed DiGAP TM, workflow were up to a bioinformatic tool for analysing whole-genome sequencing 60 times faster! GenieUs faced long processing times for each sample, and the large s
Slide 33: Better healthcare for Indigenous Australians
Better healthcare for Indigenous Australians IG researchers are Computational biologists at Indigenous Genomics (IG) at the investigating how the Telethon Kids Institute are developing novel healthcare solutions for genetic architecture of Indigenous Australians, which entail the analysis of large,
Slide 34: Contact
dug.com facebook.com/TeamDUG linkedin.com/company/teamdug twitter.com/Team_DUG youtube.com/DugeoOnline investor@dug.com +618 9287 4100 dug.com dug.com 34
Slide 35: dug.com
dug.com dug.com 35