Digico Infrastructure Reit · ASX:DGT
Digico Infrastructure Reit — H1 FY2026 Earnings Presentation
32 slides from Digico Infrastructure Reit's earnings presentation, Feb 20, 2026
Slide 1: 1H FY26 Results Presentation
1H FY26 Results Presentation 20 February 2026
Slide 2: Agenda
Agenda Michael Juniper Chief Executive Officer 01 RESULT AND STRATEGY OVERVIEW 04 LAX UPDATE Simon Mitchell Chief Financial Officer 02 SYD1 DEVELOPMENT UPDATE 05 OUTLOOK 03 FINANCIAL RESULTS 06 SUPPLEMENTARY INFORMATION Ralph Goninan Chief Development Officer 1
Slide 3: Acknowledgement of Country
Acknowledgement of Country DigiCo Infrastructure REIT acknowledges the Traditional Custodians of Country throughout Australia and celebrates their diverse culture and connections to land, sea and community. We pay our respect to their Elders past and present and extend that respect to all Aboriginal
Slide 4: Result and Strategy Overview
Result and Strategy Overview 3
Slide 5: CEO observations & early actions
CEO observations & early actions Strong foundations are in place with a clear opportunity to unlock value and focus on disciplined growth Strengths Focus areas STRENGTH OF UNDERLYING PLATFORM OPERATIONAL EXCELLENCE ▪ High-quality, strategically located assets with significant connectivity ▪ Organisa
Slide 6: Strategic update
Strategic update Driving more targeted capital allocation Board and Management focused on strategic initiatives to close the discount to Net Asset Value (“NAV”) 1 SYD1 is a compelling growth opportunity 2 Funding strategy ▪ Existing capacity now 100% contracted ▪ Existing ~$650m of liquidity to be f
Slide 7: 1H FY26 highlights
1H FY26 highlights 1H FY26 Contract Wins Underlying EBITDA Liquidity 22MW $57m $658m +95% growth in Australian +15% on pcp1 Cash and undrawn debt business vs pcp1 1H FY26 Distribution Run rate EBITDA Gearing 6.0 cps $180m 35.8% ~5.3% annualised yield on current July 20262 Low-end of target range sec
Slide 8: 1H FY26 achievements
1H FY26 achievements ▪ 22MW contract wins across Australian business including 2MW in QLD, resulting in 95% growth in the ✓ Australian business from June 2025 Substantial 1 ▪✓ contract wins 85MW Contracted IT Capacity, representing 31% growth across the Group from June 2025 ▪✓ Australian qualified d
Slide 9: DigiCo is capturing the surge in data centre demand
DigiCo is capturing the surge in data centre demand Australia Highlights “AI is the largest infrastructure buildout in human history…with a roughly 41MW 7 – 8 year investment cycle ahead” Jensen Huang, NVIDIA CEO, 2026 Contracted capacity “We will roughly double our total data centre footprint over
Slide 10: SYD1 Development Update
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Slide 11: SYD1 20MW delivery update is on track for delivery in Q2 CY2026
SYD1 20MW delivery update is on track for delivery in Q2 CY2026 ✓ Previous 9MW project has been upsized to 20MW to support recent customer wins, highlighting the flexibility of the SYD1 design to deliver high- density capacity ✓ Construction on track for delivery in Q2 CY2026 ✓ Embedded supply chain
Slide 12: SYD1 development update
SYD1 development update The 88MW Project design has been optimised to deliver flexible 5 – 10MW+ deployments to meet customer requirements KEY DEVELOPMENT MILESTONES SYD1 WEST SYD1 EAST 45 MW 43 MW December SSDA Approval for full 88MW Project 2025 ✓ received Contiguous space earmarked for 88MW Proje
Slide 13: Financial Results
Financial Results 12
Slide 14: Earnings summary
Earnings summary 1H FY26 Underlying EBITDA of $57m $m, unless otherwise stated 1H FY265 2H FY25 Commentary Colocation & rental revenue1 80.8 68.1 ▪ Revenue $108m, up 11.5% on 2H FY25 Interconnection revenue 14.9 17.5 Power and other revenue 12.6 11.5 ▪ Underlying EBITDA of $57m, up 15% on 2H FY25 To
Slide 15: Balance sheet
Balance sheet Resilient portfolio valuation provides platform for continued asset recycling and organic growth $m, unless otherwise stated Dec-25 Jun-25 Commentary Cash and cash equivalents 349 425 Trade and other receivables 24 19 ▪ Cash balance of $349m and net debt of $1.5bn Other current assets
Slide 16: Capital position and funding
Capital position and funding Liquidity of $658m and 35.8% gearing as at Dec-25 $m, unless otherwise stated Dec-25 Jun-25 Commentary Debt Summary Facility limit (bank debt) 2,170 2,193 ▪ Total liquidity of $658m 1 Drawn debt 1,861 1,878 Weighted average tenor (years)2 3.4 4.0 ▪ Gearing of 35.8%, prov
Slide 17: LAX Update
LAX Update 16
Slide 18: Los Angeles development
Los Angeles development Development approval timing update Status update LAX1 renderings ▪ Recent community focus on energy and water usage for data centre developments have driven additional engagement and delayed approval process ▪ DGT has voluntarily agreed to prepare an Environmental Impact Repo
Slide 19: Outlook
Outlook 18
Slide 20: Outlook and guidance
Outlook and guidance FY26 guidance of $125m at top end of previous guidance range despite foreign currency headwinds $125m $180m 85MW 12.0c July 2026 annualised Contracted FY26 Underlying EBITDA FY26 DPS run rate EBITDA IT Capacity ▪ FY26 Underlying EBITDA is expected to be $125m, at the top end of
Slide 21: Supplementary Information – Portfolio Update
Supplementary Information – Portfolio Update 20
Slide 22: Portfolio update
Portfolio update Global portfolio and broad investment mandate across stabilised, value-add and development opportunities North America Australia 5 $1.7bn 110MW 8 $2.4bn 128MW Properties Valuation1 Planned IT Capacity2 Properties Valuation1 Planned IT Capacity2 Chicago 1 (CHI1) Townsville 1 (TSV1) B
Slide 23: Portfolio update (cont’d)
Portfolio update (cont’d) High-quality customer base with long-term relationships that will support stable and growing cashflows Portfolio summary statistics Sector mix3 Service fee escalations3 9% 10% 1% Metric North America Australia Total Portfolio 18% 42% 3% Number of Properties 5 8 13 13% 15% 8
Slide 24: Portfolio update (cont’d)
Portfolio update (cont’d) High-quality customer base with long-term relationships that will support stable and growing cashflows Revenue Mix by Income1 Credit Quality by Income2 Portfolio Mix by Value3 11% 16% 14% 41% 59% 75% 84% Service fee revenue Interconnection Other Investment Grade or Equivale
Slide 25: Supplementary Information – Other
Supplementary Information – Other 24
Slide 26: Sustainability
Sustainability Committed to sustainable practice that drives long term creation and achieve a positive impact on the communities in which we operate Sustainability highlights Sustainability focus areas ▪ In line with the wider HMC Group, DGT is reviewing its sustainability strategy and objectives to
Slide 27: Australian growth projects
Australian growth projects Commencements of ADL1 and BNE3 developments subject to cornerstone customer and capital partnering ADL1 BNE3 ▪ Project upsized to deliver 15MW of IT Capacity, increased from 8MW ▪ In discussions with Brisbane Airport Corporation (“BAC”), to develop an ▪ Project to support
Slide 28: Underlying EBITDA and FFO reconciliation
Underlying EBITDA and FFO reconciliation $m, unless otherwise stated Jul-25 to Dec-25 Jan-25 to Jun-25 Underlying EBITDA1 57.2 49.6 Depreciation and amortisation (54.1) (54.8) Net finance costs (39.6) (38.1) CHI1 pre-completion rent received (18.5) - Fair value movements 69.7 6.5 Transaction costs (
Slide 29: Glossary
Glossary Term Meaning Term Meaning ADL Adelaide (used in site names like ADL1, ADL2) IRR Internal Rate of Return AI Artificial Intelligence IT Information Technology AASB Australian Accounting Standards Board KCM Kansas City (used in site name KCM1) AUD Australian Dollar LAX Los Angeles (used in sit
Slide 30: Contacts
Contacts Investors and Analysts Media Renee Jacob Jim Kelly Head of Investor Relations Corporate Communications +61 407 328 092 +61 412 549 083 renee.jacob@hmccapital.com.au jim.kelly@sodali.com Authorised for release by the Board of HMC Digital Infrastructure Ltd Level 31, 1 Macquarie Place, Sydney
Slide 31: Important notices & disclaimer
Important notices & disclaimer This presentation (Presentation) is dated 20 February 2026 and has been prepared by HMC Digital Infrastructure Ltd (ACN 682 024 924) (DigiCo StapleCo) in respect of DigiCo Infrastructure REIT (ASX: DGT), a stapled entity comprising DigiCo StapleCo and Equity Trustees L
Slide 32: Important notices & disclaimer (cont’d)
Important notices & disclaimer (cont’d) Past performance Past performance and any pro forma financial information given in this Presentation, is given for illustrative purposes only and should not be relied upon as (and is not) an indication of DigiCo REIT’s views on its future financial performance
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