Northern Data Ag · XETR:NB2
Northern Data — Q3 2024 Earnings Presentation
22 slides from Northern Data's earnings presentation, Oct 17, 2024
Slide 1: Q3 2024 Results
ANOTTHET O03 2024 Re Northern Data AG 17‘ October, 2024
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements. The words “anticipate”, “assume”, “believe”, “estimate”, “expect”, “intend”, “may”, “plan”, “project”, “should” and similar expressions are used to Identify forward-looking statements. Forward-looking statements are statements that ar
Slide 3: Agenda
Agenda O01 O02 O3 O04 Company overview Strategy & execution Financial performance Our path forward
Slide 4: 01 Company overview
Slide 5: Who we are
Who we are iN Northern Data Group is a leading provider of Al and High-Performance Computing (HPC) solutions, powering the next generation of innovation. We are a global company with a European heart, delivering cutting-edge technology through best-in- class hardware, purpose-built data centers, and
Slide 6: Industry trends
Industry trends Fast adoption of GenAl Demand for AI/HPC data centers + Exponential growth of data * Growing demand for purpose- built infrastructure to support * Fast adoption of GenAl AI/HPC requirements technologies * High density support (liquid * Increasingly larger LLMs na yrs a + Limited acce
Slide 7: 02 Strategy & execution
Slide 8: Delivering success
Delivering success Commercial clarity Diversification and delineation of our core business capabilities lly NORTHERN W DATA GROUP Industry Growth expertise capital A business portfolio Successive, led by industry successful experts and subject matter experts capital raises State of the art technolog
Slide 9: 2024 highlights
2024 hig! Customer ~19,000 NVIDIA H100 Tensor Core GPUs delivered and/or deployed Customers onboarding to NVIDIA H100 Tensor Core GPU ecosystem Selected as Partner Acquisition Tech are) Storage for NVIDIA NVIDIA H200 platform Partnership Blackwell Tensor Core GPUs Replacement Partnership with Al Acc
Slide 10: The foundations of our AI ecosystem
The foundations of our Al ecosystem Driving repeatable success ~> Cloud revenue growing as more GPUs deployed ~ Coordinated hardware lifecycle management framework to support reinvestment Number of owned GPUs — Delivered and/or deployed ~> Customers onboarding creating stable Cees 2 2 C3 e foundatio
Slide 11: Accelerating our AI ecosystem
Accelerating our Al ecosystem iN Al platform-as a-service * Scalable infrastructure that * trains, + fine-tunes and * serves models for any Al application + With a large inventory of GPU resources NORTHERN DATA GROUP Intelligence-as a-service * End-to-end capability to * design, + develop and * deli
Slide 12: Immediate operational priorities
Immediate operational priorities © Cloud a] Data Centers * Completion of current GPU deployment * Pittsburgh upgrade to 20MW + Due Diligence on new sites and close of sites under LOI * Colocation partnerships expanded * Continued client onboarding * Roll out of NVIDIA Al Enterprise * Completion of G
Slide 13: 03 Financial performance
Slide 14: Cloud growth drives Q3 revenue mix
Cloud growth drives O03 revenue mix Cloud inEURm 48 296% | 12 ea Q1 Q2 Q3 NORTHERN I NOR GROUP Mining in EURm 22 Q1 14 Q2 12 Q3 Group in EUR m 29 Q1 59 Q2 Q3 Note: Qt, Q2, Q3 2024 unaudited, 14
Slide 15: NORTHERN
Note: Qt, 2, Q3 2024 unaudi NORTHERN ATA GROUP
Slide 16: On track
On track Revenue and adjuste in EUR m 250 200-240 200 59 25 EBITDA or EU 50-80 m Q3U Q4E FYE (0) Revenue Adjusted EBITDA Note: Q1, Q2, Q3 2024 unaudited. Q4 and FY, estimates. NORTHERN DATA GROUP
Slide 17: Cash position
Cash posit 9M inEURm 2024U Financing Capex Operational Cash 9M 2024U 100-200 CE Financing 20% Capital increase Capex Operational Cash FY 2024E Note: 9M 2¢ NORTHERN DATA GROUP.
Slide 18: Group positioned to achieve EUR 500m+ revenue in 2025
Group positioned to achieve EUR 500m+ Revenue in 2025 in EUR m 600 520-570 500 400 300 - 350 300 200 - 240 193.3 200 775 50-80 100 42.4 : || 5.5 100 reye2O22: FY 2023 FY 2024E FY 2025P B Revenue Adjusted EBITDA) Note: 2024 estimate, 2025 potential. Depending on assumptions of BTC price, hash rate de
Slide 19: 04 Our path forward
Slide 20: Our path forward
Our path forward iN ) ~ NORTHERN DATA GROUP Execution Deliver solid financial performance while making strategic investments to drive growth across technology, infrastructure and talent Acceleration Grow capacity, footprint and market share with NVIDIA Blackwell technology, new innovative software a
Slide 21: Roadmap to success
Roadmap to A defined technology strategy to create leading high-performance compute solutions Success Factors Demonstrated delivery against our roadmap ae rowth Strong partnerships and wise capital allocation ensure further growth Financial Performance Strong execution has translated into solid fina
Slide 22: Q&A