Nebius Group N.v. · NASDAQ:NBIS
Nebius — Q1 2025 Earnings Presentation
38 slides from Nebius's earnings presentation, May 20, 2025
Slide 1: Nebius Group Investor Presentation
Nebius Group Investor Presentation May 2025
Slide 2: Disclaimer: Forward-looking statements
Disclaimer Forward-looking statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. All statements contained in this presentation other than statements of historical facts, incl
Slide 3: Introducing Nebius Group
Nebius Group Introducing Nebius Group
Slide 4: Building one of the largest AI clouds
Nebius Group: business overview Building one of the largest AI clouds Our mission is to power AI innovation with dedicated, high-performance infrastructure including an AI cloud platform purpose-built for AI innovators, from individual developers to startups to the largest enterprises Overview of Ne
Slide 5: Lead by an entrepreneurial and experienced leadership team
Team of highly skilled tech entrepreneurs and engineers — based in Lead by an entrepreneurial and experienced leadership team Nebius Group Arkady Volozh Visionary founder; previously co-founded Ophir Nave Proven leader and legal and corporate CEO and Founder successful Tech companies including Chief
Slide 6: Significant potential embedded in differentiated software focus coupled with unique funding strength
Key drivers of Nebius Group’s value creation potential Significant potential embedded in differentiated software focus coupled with unique funding strength TECHNOLOGY CAPITAL • Software-led model with orchestration and platform tools beyond bare metal / • Built a business with minimal debt and on tr
Slide 7: Avride: a leading autonomous driving and robotics technology
Avride Avride: a leading autonomous driving and robotics technology Avride’s experienced team and solid technology Cutting edge technology validated by Commercially deployed stack positions it well among the select group of a number of high-profile partnerships robotics product in the US leading pla
Slide 8: Toloka: the next key data partner for the AI ecosystem
Toloka To be deconsolidated from Q2 2025 Toloka: the next key data partner for the AI ecosystem Positioned to address the significant demand Solution and potential validated by high Trusted partner to leading for AI data with unmatched quality and scale profile investors frontier AI labs, model deve
Slide 9: Q1 2025 highlights and medium-term outlook
Nebius Group Q1 2025 highlights and medium-term outlook
Slide 10: Nebius Group has delivered a strong Q1
Q1 2025 update Nebius Group has delivered a strong Q1 Strong Q1 Financial Performance Q1 Revenue ARR1,2 Cash $55.3M $249M $1.4bn +385% YoY +684% YoY At end of Q1’25 Q1 Highlights New data center capacity Partnerships SemiAnalysis Gold Tier Iceland • Strong engineering capability Kansas City, USA • S
Slide 11: AI Stack feature enhancements
Nebius: AI Stack offering updates AI Cloud feature enhancements Compute Storage Platform • Blackwell early access • Partnerships and integrations (DDN, VAST, • Increased GPU quotas for self-service • Last Hoppers deployed WEKA) • Python and Go SDKs • Predictive failure notification • Object Storage:
Slide 12: Ecosystem partners
Ecosystem partners Nebius ecosystem partners Channel • Nebius among the first AI Clouds to offer the new NVIDIA Blackwell Ultra AI Factory platform Marketplace • Nebius joined the NVIDIA Dynamo ecosystem—an open- source inference serving framework designed to deploy generative AI across large-scale
Slide 13: Gaining traction with broader set of customers
Customers Gaining traction with broader set of customers ARR1 dynamics Customer testimonials $750m-1bn Drew Jaegle, Head of AI at Captions Media Entertainment “What really sets Nebius apart is the stability of their clusters, proactive support, ~$310m and the ability to focus on real innovation inst
Slide 14: 2025 guidance
2025 guidance Nebius Group 2025 guidance Group revenue Core AI segment ARR2 $500-700m 1 $750m-$1bn for Dec-2025E Adj. EBITDA3 Capitalized expenditures Reach positive Adj. EBITDA Around $2.0bn during 2H 2025E4 (1) This guidance does not yet reflect the deconsolidation of Toloka and will be updated fo
Slide 15: Nebius Group to continue rapid scaling as a full stack AI infrastructure provider
Medium term outlook Nebius Group to continue rapid scaling as a full stack AI infrastructure provider Targeting mid-single digit $bn in revenue Revenue Adj. EBIT margin in medium term as a high-margin business, with $m (based on conservative 4-year further significant potential upside depreciation o
Slide 16: Nebius: our core AI cloud business
Visit website Nebius: our core AI cloud business
Slide 17: A leading AI-centric cloud platform built for intensive AI workloads
Nebius A leading AI-centric cloud platform built for intensive AI workloads
Slide 18: Nebius at a glance
Nebius at a glance AI-centric cloud platform building large, cost-efficient GPU clusters to service the exponential growth of the global AI industry Infrastructure with compute, Our expertise & infrastructure storage, managed services and tools needed for AI model Mantsala development: Keflavík Data
Slide 19: Large and expanding addressable market to be driven by inference workloads
Market opportunity Large and expanding addressable market to be driven by inference workloads Total addressable market1 Growth will be mostly driven by inference workloads +35% CAGR End-user spending for AI servers, by use $260bn+ 66% 34% 36% 64% Training Inference Training Inference 20232 20272 $33
Slide 20: Nebius: core AI infrastructure business
Core pillars Nebius: core AI Infrastructure business Data centers Chips & HW Cloud platform AI Seasoned services team Energy efficient and scalable Hardware designed in-house A proprietary cloud platform Services and tools tailored With experience of building infrastructure as a backbone enables fle
Slide 21: 1. Data centers: efficiency gains from servers designed in-house
Core pillars deep dive: data centers 1. Data centers: efficiency gains from servers designed in-house Power usage effectiveness Costs of ~10 GWh Energy-efficient supercomputer (PUE)1 (lower is better, ideal = 1.0) avoided in 2024 due to lower power consumption Among the most potent commercially avai
Slide 22: 2. Hardware: We design, develop, and produce our own racks and servers
Core pillars deep dive: hardware 2. Hardware: We design, develop, and produce our own racks and servers Lower total cost of Faster time-to-market In-house engineering for Open-source infrastructure ownership via power with on demand full stack validation, quick ensuring security, efficient cooling a
Slide 23: 3. Nebius Platform: more than 'bare metal', more flexible and wider product portfolio
Core pillars deep dive: software (1/3) 3. Nebius Platform: more than 'bare metal', more flexible and wider product portfolio than GPU Cloud AI Platform and Applications (PaaS) Ready to use LLMs MLOps Tools Vector databases Friendly user Supported by the most interface popular MLOps solutions Volcano
Slide 24: 3. Nebius AI Studio: API SaaS for open-source models
Core pillars deep dive: software (2/3) 3. Nebius AI Studio: API SaaS for open-source models Quality service for a growing pool of users Key benefits Nebius AI Studio is designed to help foundation model users and app builders simplify the process of creating applications using 60,000+ 2x Unlimited s
Slide 25: 3. TractoAI: serverless platform for Data & AI workloads
Core pillars deep dive: software (3/3) 3. TractoAI: serverless platform for Data & AI workloads Optimized costs & allocated capacity Data-centric For changing demand - from time-limited, low-GPU tasks to high-intensity workloads. Designed for efficiency, support of all TractoAI is Nebius AI’s types
Slide 26: Nebius' key competitive advantages differentiate it from other players
Nebius differentiating factors Nebius’ key competitive advantages differentiate it from other players Benchmark-backed Full stack with expertise across the Strong team with performance whole AI infrastructure value chain relevant experience and cost efficiency for AI industry, track record, and skil
Slide 27: Nebius is a full stack AI infrastructure provider
Nebius differentiating factors Nebius is a full stack AI infrastructure provider Tech stack Peer types Our scope Differentiated full stack offering Value Added Software Services providers Uniquely positioned full stack player in neo-cloud space AI-specific Cloud Platform Hyperscalers Neoclouds Suppo
Slide 28: Nebius is able to serve a large list of clients including model builders and Generative AI app builders
Clients snapshot Nebius is able to serve a large list of clients including model builders and Generative AI app builders Focus areas in the near- and mid-term Client AI Native Tech Companies & Leading AI Labs Enterprises category Independent Developers Primary Secure, scalable infrastructure Scalabl
Slide 29: Training scenarios Inference scenarios
Nebius client offerings Training scenarios Inference scenarios What we offer: Large resilient GPU clusters with What we offer: Large resilient GPU clusters with Infiniband network, orchestration tools (fully managed Infiniband network, orchestration tools with fully managed K8S service, Slurm operat
Slide 30: This is just the beginning: huge potential for growth across multiple levers
Roadmap of future growth This is just the beginning: huge potential for growth across multiple levers Nebius in the future Additional Volume Expand Product Range Increasingly Access Expand Into New to Existing Customers Offered to Customers Enterprise Segment Customer Segments Leveraging solutions l
Slide 31: Other segments
Nebius Group Other segments
Slide 32: Avride: developer of autonomous driving technology
Other segments: Avride Avride: developer of autonomous driving technology Headquarters: Autonomous vehicles Delivery robots: Roll-out of commercial partnerships US-based executive team Up to Fully driverless Austin, TX Austin, TX vehicles Dallas, TX 1,200+ Jersey City, NJ3 deliveries daily Testing a
Slide 33: TripleTen: a top-rated edtech re-skilling people for careers in tech
Other segments: TripleTen TripleTen: a top-rated edtech re-skilling people for careers in tech Course pool 82% Remains affordable expansion of TripleTen grads in the US get hired within 6 months of completing our program vs peers 6 B2C study tracks Featured in: Up to 2x Forbes Advisor Fortune | Educ
Slide 34: Appendices
Appendices
Slide 35: Nebius Group Board of Directors
Nebius Group Board of Directors — based in John Boynton Arkady Volozh Ophir Nave Chairman CEO COO Founder, investor and board member of tech ventures Visionary founder; previously co-founded successful Tech Proven leader and legal and corporate finance with 30+ years in IT and tech-related fields co
Slide 36: Nebius Group ownership structure
Nebius Group ownership structure Total shares issued & Economic ownership Voting power outstanding 12.9% As of March 31, 2025 5.4% Class A 34.7% 55.0% 202,410,157 Class B 81.6% 10.2% 35,698,674 Excluding 123,932,112 Class A shares held in treasury pending use under our equity incentive plans and for
Slide 37: Sustainability overview
Sustainability overview Embedding sustainability across operations and every layer of our AI technology stack to deliver client value, drive growth, and create a positive social and environmental impact Key areas of focus Sustainable computing Empowerment through technology Reliability and security
Slide 38: Main Office / Investor Relations Contact
Main Office Investor Relations Contact Gustav Mahlerlaan 300 askIR@nebius.com Amsterdam, Netherlands