Northern Data Ag · XETR:NB2
Northern Data — Investor Day (November 2023)
32 slides from Northern Data's investor day presentation, Nov 2, 2023
Slide 1: Capital Markets Day
Capital Markets Day Northern Data Group 2nd November 2023 1
Slide 2: Agenda
Agenda Northern Data Group 1 Ambition and value proposition 2.30pm – 2.50pm 2 Divisional Overview 2.50pm – 3.20pm Value creation going forward 3 Group Outlook Performance targets 3.20pm – 3.30pm 4 Q&A 3.30pm onwards 2
Slide 3: Disclaimer
Disclaimer This presentation contains forward-looking statements. The Actual results may differ from those set forth in the forward- whatsoever for any errors or omissions or any loss howsoever words “anticipate”, “assume”, “believe”, “estimate”, “expect”, looking statements as a result of various f
Slide 4: Your team today
Your team today Group Leadership Divisional Leadership Aroosh Rosanne Karl Corey Niek Thillainathan Kincaid-Smith Havard Needles Beudeker Group CEO Group COO Managing Director Managing Director Managing Director 4
Slide 5: Key messages
Key messages Vision & Aligned vision and strategy across the group to drive value creation and strategy be on the profitable, sustainable growth path by 2025 and beyond Our long-standing experience in providing critical infrastructure and Experience & growth capital access to capital and prudent all
Slide 6: Our ambition
Our ambition “ The future’s greatest opportunities will “ be driven by giant technological leaps VISION STRATEGY To continually invest in the most To power the next generation of advanced technology roadmaps, innovation bravery through delivering flawless execution and sustainable, state of the art,
Slide 7: Our value proposition at a glance
Our value proposition at a glance Portfolio of 11 Data Center Sites* > 150 MW Illustrative ~ 3.25 EH/s ~24,700 installed GPUs** *Current split: 8 data centers owned & 3 co-location / hosting sites ** 6'400 NVIDIA GPUs available, 18'300 NVIDIA GPUs to be delivered 7
Slide 8: Foundations for future acceleration
Foundations for future acceleration Investments in NVIDIA hardware & DC infrastructure MILESTONES Merger Inception CEO Partner Partner M&A for hardware & DCs Decentric Purchase of Strategic partnership Aroosh Thillainathan new ASICs with NVIDIA appointed CEO Zoom 2019 2020 2021 2022 2023 OUR TRANSIT
Slide 9: Future ready, today
Future ready, today MILESTONES Commercial Industry Growth State of the Specialised clarity expertise capital art technology partners Diversification and A business portfolio Successive, Europe's leader in Alliances with delineation of our led by industry successful the acquisition of hardware and co
Slide 10: Validated by the market
Validated by the market 1 2 3 Exploding Universal need Global adoption Generative of data center of Bitcoin as AI Market capacity asset class 10
Slide 11: Next level value creation…
Next level value creation… Vision Vision Vision Democratize access to the Become a globally operational Become a large-scale Bitcoin world’s leading GenAI leader of cutting-edge high- self-mining company focused technology density data center solutions on the lowest cost to produce Strategy Strategy
Slide 12: ...and distinct value drivers
...and distinct value drivers High margins in Gen AI cloud business – Early Growth We are well-positioned in the fast growing mover Gen AI market Long-term value in data center infrastructure - Value Value Continuously developing additional HPC co- creator location capacity Efficient Efficiency is k
Slide 13: Continued focus is key
Continued focus is key Sustainable Rigorous profitable growth execution Readiness 2023 2024–2025 2025 and beyond • Streamlined business • Scaling opportunities • Maximized returns • Hired expertise • Enhancing transparency • Diversified portfolio • Focused market • Improving governance • Recurring r
Slide 14: Europe's first & largest Generative AI Cloud Service Provider
Europe’s first & largest, Generative AI Cloud Service Provider GenAI IaaS offering access to the latest generation of NVIDIA hardware 14
Slide 15: Generative AI cloud solutions
Generative AI cloud solutions Taiga’s vision is to become Europe’s first, largest OUR VISION and cleanest Generative AI cloud service provider To be achieved through continual Democratising access, for organisations innovation and expansion of our of all shapes and sizes, to train, tune & alliances
Slide 16: Our Taiga cloud business model today
Our Taiga cloud business model today We sell to customers, which include go-to-market partners, well-funded start-ups, and TARGET MARKET enterprises. These have the necessary ML, AI and data science skills to be able to utilize our Gen AI cloud effectively. We sell contracts to customers on a fee pe
Slide 17: European footprint and GPU offering
European footprint and GPU offering NVIDIA® H100 SXM Ready for Enterprise AI? • Accelerated Large Language Models (LLMs) by 30x over previous generations • AI workflows such as AI chatbots, recommendation engines, vision AI, and more SWEDEN Online from Dec 2023 Coming NVIDIA® A100 soon The best-in-c
Slide 18: Achievements in 2023 Next steps
Achievements in 2023 Next steps A100 Deal – AI text vertical H100 ramp up plan NVIDIA A100 are sold to an AI start-up from France from 18,000 GPUs (9 Islands) to come on stream phased throughout January 2024 2024 Realized true cloud revenue Partnerships From EUR 0 to up to EUR 15 m in 11 months Hiri
Slide 19: Future-ready data center environments
Future-ready data center environments Built with liquid cooling technology, made to power next-generation HPC 19
Slide 20: Future-ready data center environments
Future-ready data center environments Ardent is building and operating the next generation of data center co- OUR MISSION location infrastructure providing high density solutions to the market OUR VALUE Experience Best-in- Security Liquid Carbon- class PUE Standards Cooling neutral PROPOSITION BUSIN
Slide 21: Liquid Cooling, the time has come
Increased efficiency Lower energy consumption Flexibility Liquid Cooling, the time has come Greater scalability With loads reaching 100kW per cabinet, liquid cooling can provide several benefits for HPC data centers, including: 21
Slide 22: Achievements in 2023 Next steps
Achievements in 2023 Next steps Enabler for largest A100 cluster Development of additional data center in Europe facilities to built to Tier 3-standard Optimizing co-location and hosting Expansion of HPC co-location portfolio tenants in Boden data center to 100 MW Targeting greenfield & brownfield I
Slide 23: Powering the future of the Bitcoin network
Powering the future of the Bitcoin network Leading the way for a mature mining industry
Slide 24: Pioneers in Bitcoin mining
Pioneers in Bitcoin mining Become a large-scale Bitcoin self-mining company with a low cost of OUR VISION production to profitably secure the Bitcoin network Mining Long-term Focus Responsible Creating OUR VALUE heritage & supplier on cost power long-term PROPOSITION experience relationships leaders
Slide 25: Achieving long-term profitability
Achieving long-term profitability Coin production THE Block reward Peak share of Days Hardware Revenue REVENUE 900 BTC per day* x global hash rate % x x month x uptime % x BTC Price = x Month MODEL Power cost OUR COST Hardware Energy Operating + Hardware Infrastructure efficiency x price + cost** Ov
Slide 26: Peak Mining at a glance
Peak Mining at a glance Our locations globally Key figures YTD economics Boden, Sweden YTD BTC YTD BTC YTD BTC production revenue production cost Aurland, Norway 1,814 BTC EUR 24,100** EUR 15,500*** per coin per coin Quebec, Canada North Dakota, USA New York, USA Power & uptime Georgia, USA Texas, U
Slide 27: Confirmed Exahash growth incl. pipeline
Confirmed Exahash growth incl. pipeline Growth pipeline 14,0 1,2 Hardware secured with latest MicroBT contract Existing portfolio enhancement* 2,6 Repositioning & confirmed expansion 7,9 2,2 7,0 0.3 0.2 0.1 0.6 0.4 3,2 4,0 0,8 2,4 repositioning (incl. potential) Oct-2023 North Dakota Strategic Georg
Slide 28: Why we believe in Bitcoin
Why we believe Strong positive in Bitcoin market momentum Becoming a global institutional asset class Adoption leading to lower price volatility Benefits of mining to electricity grids & renewables 28
Slide 29: Achievements in 2023 Next steps
Achievements in 2023 Next steps 1,814 / EUR 43.7m Next-generation hardware roll-out Deployment of recently secured hardware at new BTC generated / Revenue YTD 2023 locations to expand hash rate between Q4 2023 – Q1 2024 > 100 MW Power capacity in operation Replace old-gen miner fleet In preparation
Slide 30: Group Outlook
Group Outlook 30
Slide 31: Our Performance Targets
Our Performance Targets* Revenue (EURm) Adjusted EBITDA1 (EURm) 520–570 300–350 200–240 195 65–75 50–80 40 -20 to -5 FY2022U FY2023E FY2024B FY2025P Note: 2022 Unaudited, 2023 Expected, 2024 Budgeted, 2025 Full year Potential. * Depending on assumptions of BTC price, hashrate developments and power
Slide 32: Northern Data Group
iy NORTHERN DATA GROUP OSA 32