Nextdc Limited · ASX:NXT

Nextdc — H1 2024 Earnings Presentation

32 slides from Nextdc's earnings presentation, Feb 27, 2024

Slide 1: FY24 Half-Year Results
FY24 HALF-YEAR RESULTS 27 February 2024
Slide 2: Agenda
AGENDA 1H24 RESULTS 1H24 HIGHLIGHTS 1H24 FINANCIAL RESULTS 1H24 BUSINESS PERFORMANCE 1H24 ESG & WHS HIGHLIGHTS FY24 GUIDANCE APPENDICES NEXTDC © Copyright 2024 | 1H24 Results Presentation 2
Slide 4: 1H24 Highlights
1H24 HIGHLIGHTS TOTAL UNDERLYING CONTRACTED INTER- REVENUE EBITDA1 UTILISATION CONNECTIONS2 A$209.1m A$102.0m 149.0MW 18,207 31% 5% 77% 5% Note: All percentage increases are expressed relative to the 1H23 results 1. Refer page 27 for reconciliation to underlying EBITDA 2. Comprises both physical and
Slide 5: 1H24 Highlights
1H24 HIGHLIGHTS ▪ Total revenue increased A$49.4m (31%) to A$209.1m ▪ Net revenue1 grew 8% to A$149.1m (1H23: A$138.4m) with 1H24 power passthrough revenues and direct costs reflecting higher energy prices SOLID REVENUE ▪ Contracted utilisation increased 64.8MW (77%) to 149.0MW GROWTH ▪ Interconnect
Slide 7: 1H24 Profit and Loss Summary
1H24 PROFIT AND LOSS SUMMARY 1H24 1H23 Change Net Underlying Note (A$m) (A$m) (A$m) (%) 1 3 Total revenue 209.1 159.7 49.4 31% REVENUE EBITDA Direct costs Net revenue 1 60.0 149.1 21.3 138.4 38.7 10.7 181% 8% 8% 5% ▪ Calendar 2023 direct costs primarily driven by significantly higher Facility cost
Slide 8: Strong Revenue and EBITDA Growth
STRONG REVENUE AND EBITDA GROWTH Revenue (A$m) Underlying EBITDA1 (A$m) Total revenue Underlying EBITDA Net revenue 209.1 202.7 102.0 97.5 96.2 159.7 85.0 84.0 144.5 146.5 149.1 124.4 138.4 141.0 121.6 68.8 125.7 65.7 105.4 121.8 104.8 98.3 53.7 85.0 2H20 1H21 2H21 1H22 2H22 1H23 2H23 1H24 2H20 1H21
Slide 9: Revenue Per Unit Metrics
REVENUE PER UNIT METRICS Annualised revenue per square metre1,2,3 (A$) Annualised revenue per MW 1,2,4 (A$m) Power passthrough revenue Power passthrough revenue Net recurring revenue Net recurring revenue 5.2 13,958 4.9 13,144 4.4 4.3 4.0 4.1 10,816 10,772 11,041 3.9 10,669 10,595 3.8 9,973 2H20 1H2
Slide 10: Well Capitalised for Growth
WELL CAPITALISED FOR GROWTH 31 Dec 23 30 Jun 23 Cash Flows Balance sheet summary (A$m) A$57m A$1m A$232m Cash 589 766 A$766m Property (land and buildings)1 1,989 1,797 Plant and equipment 1,019 946 A$589m Other assets 216 340 Total assets 3,813 3,850 Borrowings2 1,370 1,365 Other liabilities 203 208
Slide 12: Strong Growth in Customers and Interconnections
STRONG GROWTH IN CUSTOMERS AND INTERCONNECTIONS Number of customers Number of interconnections1 1,919 18,207 1,820 17,816 17,301 1,701 16,613 1,613 15,879 1,569 1,507 14,718 1,425 13,911 13,051 1,324 2H20 1H21 2H21 1H22 2H22 1H23 2H23 1H24 2H20 1H21 2H21 1H22 2H22 1H23 2H23 1H24 ▪ Average interconne
Slide 13: Diversified Revenue Model
DIVERSIFIED REVENUE MODEL 4% Customers by industry1,2 Utilisation by power density1,3 6% Enterprise Government > 6kW 15% 8% Connectivity Financial Services 4kW to 6kW 38% System Integrators Digital Media < 4kW 11% Cloud 18% 67% 14% Cloud, Systems Integrators and Connectivity Customer power requireme
Slide 14: Utilisation
UTILISATION Built capacity1 vs contracted utilisation2 Contracted vs billing utilisation2 ▪ 106% of built capacity was contracted at 31 December 2023 ▪ Contracted utilisation up 64.8MW (77%) to 149.0MW since 31 December 20222 ▪ 7.5MW of new built capacity added in 6 months to 31 December 2023 ▪ Bill
Slide 15: Facilities Capacity and Contracted Utilisation
FACILITIES CAPACITY AND CONTRACTED UTILISATION 100 Contracted utilisation ▪ NEXTDC’s expansion potential continues to grow with S4, Build in progress S5, and M4, new regions in Malaysia, New Zealand, Adelaide 80 and Darwin as well as an Edge deployment in Newman. Built capacity ▪ Over 50MW of built
Slide 17: ESG Highlights
ESG HIGHLIGHTS ▪ Commitment to Diversity, Equity and Inclusion - 32% female participation, 40:40 Vision signatory, Work180 endorsement for 2024 Employer of Choice for women, women in leadership programs and RAP Reflection underway. ▪ NEXTneutral - means clients can offset their IT-related carbon emi
Slide 18: WHS Highlights
WHS HIGHLIGHTS ▪ Zero staff Lost Time Injuries (LTI) maintained during 1H24 ▪ Construction Total Recordable Injury Frequency Rate (TRIFR) decreased 50% year on year (TRIFR 5.13 for 12 months to 31 December 2023) ▪ Independent WHS consultant audits continued as standard for all major construction pro
Slide 20: FY24 Guidance
FY24 GUIDANCE Total revenue of A$400 million to A$415 million (unchanged) ▪ Net revenue of A$296 million to A$304 million (up 6-9% on FY23), with lower energy costs starting from 2HFY24 driving margin expansion ▪ Forward order book of 68.8MW to begin converting to revenues by end of FY24, then rampi
Slide 25: Development Projects
DEVELOPMENT PROJECTS S4 SYDNEY M3 MELBOURNE Target IT capacity ~300MW+1 Target IT capacity 150MW Built capacity Expected ~20MW for Phase 1 Built capacity 13.5MW & 4.5MW in progress Status Design & Town Planning Status Operational S5 SYDNEY M4 MELBOURNE Target IT capacity ~60MW+1 Target IT capacity ~
Slide 26: Development Projects
DEVELOPMENT PROJECTS D1 DARWIN AK1 AUCKLAND Target IT capacity 7MW+ Target IT capacity 10MW+1 Initial capacity 1MW in progress Initial capacity 1.7MW in progress Status Practical completion 1H25 Status Practical completion FY26 NE1 NEWMAN KL1 KUALA LUMPUR Target IT capacity 1.5MW Target IT capacity
Slide 27: Underlying EBITDA Reconciliation
UNDERLYING EBITDA RECONCILIATION 1H24 1H23 (A$m) (A$m) Net profit / (loss) after tax (22.5) (2.8) Add: finance costs 49.4 31.3 Less: interest income (15.6) (4.5) Add: income tax expense 6.4 1.8 Add: depreciation and amortisation 79.0 66.0 EBITDA 96.8 91.9 Add: early-stage international operating exp
Slide 29: Case Study: Victoria
CASE STUDY: VICTORIA M2 land to 100MW M3 goes live Contracted utilisation 60 Billing utilisation 50 Built capacity M3 150MW site M1 land and acquired buildings re-acquired 40 M2 land to 60MW MW 1H13 M1 M2 40MW site M2 goes live 30 goes live acquired 20 10 0 1H14 2H14 1H15 2H15 1H16 2H16 1H17 2H17 1H
Slide 30: Important Disclaimer
IMPORTANT DISCLAIMER DISCLAIMER This presentation has been prepared by NEXTDC Limited (ACN 143 582 521) (‘NEXTDC’) and makes statements about it as well as its subsidiaries (together the ‘NEXTDC Group’). To the maximum extent permitted by law, no member of NEXTDC Group, or any of its officers, emplo
Slide 31: NEXTDC Investor Relations
NEXTDC INVESTOR RELATIONS investorrelations@nextdc.com 13 63 98 linkedin.com/company/nextdc twitter.com/nextdc facebook.com/datacentres youtube.com/user/nextdatacentre www.nextdc.com/blog NEXTDC © Copyright 2024 | 1H24 Results Presentation 31
Slide 32: Where A.I. Thrives
lineal Ugg 2! NEXTDC Where A.|. Thrives™

NEXTDC — H1 2024 Earnings Presentation on 6ix

Nextdc — H1 2024 Earnings Presentation

Slide 1: FY24 Half-Year Results

Slide 2: Agenda

Slide 3: 1H24 Highlights

Slide 4: 1H24 Highlights

Slide 5: 1H24 Highlights

Slide 6: 1H24 Financial Results

Slide 7: 1H24 Profit and Loss Summary

Slide 8: Strong Revenue and EBITDA Growth

Slide 9: Revenue Per Unit Metrics

Slide 10: Well Capitalised for Growth

Slide 11: 1H24 Business Performance

Slide 12: Strong Growth in Customers and Interconnections

Slide 13: Diversified Revenue Model

Slide 14: Utilisation

Slide 15: Facilities Capacity and Contracted Utilisation

Slide 16: 1H24 ESG & WHS Highlights

Slide 17: ESG Highlights

Slide 18: WHS Highlights

Slide 19: FY24 Guidance

Slide 20: FY24 Guidance

Slide 21: Q&A Half-Year Results

Slide 22: Appendices

Slide 23: Development Projects

Slide 24: Regional Data Centre Platform

Slide 25: Development Projects

Slide 26: Development Projects

Slide 27: Underlying EBITDA Reconciliation

Slide 28: Case Study

Slide 29: Case Study: Victoria

Slide 30: Important Disclaimer

Slide 31: NEXTDC Investor Relations

Slide 32: Where A.I. Thrives