Dug Technology Ltd · ASX:DUG
Dug Technology — Investor Presentation (February 2024)
28 slides from Dug Technology's investor presentation, Feb 28, 2024
Slide 1: DUG Technology H1 FY24 Investor Presentation
DUG Technology H1 FY24 Investor Presentation February 2024 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 Offices in Perth pa
Slide 3: Our 21-year journey
Our 21-year journey 2007 2023 2003 Kuala 2019 Record financial Enterprise Data performance DUG founded Lumpur office Centre Design 2013 Award London office 2009 2016 Houston DUG Cool office 2006 2020 First major Listed on ASX discovery 2024 Abu Dhabi office 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 & Geoscience o Algorithms and optimisation o Complete, integrated HPC environment processing o Big data processing an
Slide 5: Global footprint
Global footprint U dug.com BUBBA* 36 PF compute 37 PB storage BODHI 3 PF compute 6 PB storage & > TO KUALA LUMPUR TO HOUSTON Geraldton DUG global network Planned HPC Campus — Connection to AARNet Exascale PF double-precision petaflops Climate positive PB petabytes of storage (© DUG HPC locations @ D
Slide 6: Key markets
Key markets Increasing demand for HPC from industries with proliferating data. Oil & Gas DUG has established agreements with numerous organisations (education, research, applied science) to support A leading service provider for 21 years. their data processing and storage needs. Currently the primar
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: H1 FY24 snapshot
H1 FY24 snapshot SERVICES WINS REVENUE NET CASH POSITION US$40.6 million US$30.0 million US$1.1 million (H1 FY23: US$24.4 million) (H1 FY23: US$24.7 million) (FY23: US$5.2 million) UP 64% UP 23% DOWN 79% DUE TO NEW COMPUTE ASSET FINANCE EBITDA OPERATING CASH INFLOWS SERVICES ORDER BOOK AS AT 31 US$7
Slide 9: Services
Services o Revenue of US$25.3 million during H1 FY24 Historic Services Calendar Year Order Intake o Growth in revenue of 28% on H1 FY23 o Record calendar year order intake of US$63.4 70 90 65 million Calendar year contract wins US$m 80 60 55 70 Year end oil price $/bbl 50 o Access to larger projects
Slide 10: Software
Software o Revenue of US$2.6 million during H1 FY24 o Growth in revenue of 9% on H1 FY23 o Strong renewals and client wins during the period dug.com 10
Slide 11: HPCaaS
HPCaaS o Revenue of US$2.0 million in H1 FY24 Third Party HPCaaS Billings (US$millions) o Reduction in revenue of 7% on H1 FY23, mainly due to 0.9 one off projects in H1 FY23. Additional new projects 0.8 have been won in the reported period. 0.7 o Wins in health and medical institutions across WA, S
Slide 12: Deep Client Relationships
Deep Client Relationships o Our top 10 clients accounted for 41% of revenue Top 10 customers by revenue and by relationship for the last 18 months length (FY23 and H1 FY24 combined) o Long relationships with large clients, across multiple product lines $18 rs Millions ye a 4 o Relationships develope
Slide 13: Outlook
Outlook o Services order intake has increased the order book to US$40.5 million at 31 December 2023, up 45% compared on 30 June 2023. Project outlook looks strong, significant potential projects in discussion with clients. o Increased uptake of our MP-FWI Imaging technology in the reported period. F
Slide 14: Geraldton HPC Campus update
Geraldton HPC Campus update o In July 20211, DUG announced an option to lease land in Geraldton to build the world's first carbon-free HPC campus. At capacity, the campus is expected to be one of the largest HPC centres in the world. o In July 20232, a A$5 million grant from the WA State Government
Slide 15: Financials
Financials dug.com 15
Slide 16: Profit and Loss
Profit and Loss o US$5.5 million (23%) increase in total revenue from H1 USD’m H1 FY24 H2 FY23 H1 % % FY23: FY231 Change Change HoH YoY o Services – strong performance following growth in services orders intake Revenue of 47% on H1 FY23 Services 25.3 20.5 19.8 24% 28% Software 2.6 4.2 2.4 (38%) 9% o
Slide 17: Balance Sheet
Balance Sheet USD’m 31 Dec 2023 30 Jun 2023 Current Assets Cash and cash equivalents 11.7 8.0 o Increase in cash balance due to strong cashflow from Trade and other receivables 16.0 6.6 Contract assets 0.8 2.6 operating activities and employee loan funded share Other 1.2 1.2 repayments Total Current
Slide 18: Cash Flow
Cash Flow USD’m H1 FY24 H2 FY23 H1 FY23 o Operating cash inflows of US$6.2 million Cash flow from operating activities - EBITDA 7.0 8.2 6.8 - Movement in working capital 0.4 3.3 (2.5) o Financing cash inflows of US$8.9 million included term - Non-cash items in EBITDA (1.2) (1.3) (1.2) debt repayment
Slide 19: Disclaimer
Disclaimer This presentation has been prepared by DUG Technology Ltd ("DUG") based on information available as at the date of this presentation. The information in this presentation is provided in summary form and does not contain all information necessary to make an investment decision. Reliance sh
Slide 20: Appendices and Case Studies
Appendices and Case Studies dug.com 20
Slide 21: Corporate summary
Corporate summary Share Price (ASX:DUG) Corporate Structure Units 2.8 9 Share Price (as at 27 Feb 2024) A$/sh 2.55 2.6 8 2.4 2.2 Shares on Issue #m 118.1 7 2 Price (A$/share) Volume (millions) 1.8 6 Market Capitalisation A$m 301.2 1.6 5 1.4 4 (+) Financial Debt¹ (as at 31 Dec 2023) A$m 15.6 1.2 1 0.
Slide 22: Geraldton HPC Campus update
Geraldton HPC Campus update WA Government extended grant milestones Funding Amount in AUD dug.com 22
Slide 23: DUG Nomad
DUG Nomad 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 infrastructure o DUG’s patented, immersion-cooling technology, DUG Cool enables compute
Slide 24: DUG MP-FWI Imaging
DUG MP-FWI Imaging DUG's new technology is a complete Conventional processing and imaging workflow replacement for the conventional processing and imaging workflow and is achieving unparalleled results. It really has changed the game. DUG MP-FWI Imaging o Unsurpassed imaging using field-data input u
Slide 25: DUG Cool: Industrial immersion cooling, at scale
DUG Cool: Industrial immersion cooling, at scale DUG has been delivering innovative, immersion- cooling solutions for over a decade and is now commercialising this elegantly simple, scalable and safe cooling solution. o Low Power Usage Effectiveness (low is good) o Reduce water usage by over 25% o R
Slide 26: Sweetening cybersecurity with advanced artificial intelligence
Sweetening cybersecurity with advanced artificial intelligence o Researchers at CSIRO’s Data61 are developing artificial intelligence (AI) models to automate the creation of honeyfiles—digital baits designed to protect against cyberattacks. o Data61’s existing HPC infrastructure was taking weeks to
Slide 27: Shining a light on marine conservation
Shining a light on marine conservation o Scientists at Pendoley Environmental (Pendoley) are predicting impacts of artificial light on marine life using modelling techniques combined with custom monitoring technology o Pendoley’s software was not optimised and difficult to parallelise, resulting in
Slide 28: dug.com
dug.com facebook.com/TeamDUG linkedin.com/company/teamdug twitter.com/Team_DUG youtube.com/DugeoOnline info@dug.com +61 8 9287 4100 dug.com 28
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