Slide 1: Capital Raise Presentation
DXN LIMITED CAPITAL RAISE PRESENTATION October 2024 October 2024 DXN Limited | Capital Raise 2024 1
Slide 2: Disclaimer
Disclaimer USE OF THIS DOCUMENT PAST PERFORMANCE AND RISKS You must read the following notices before reading or making any use of this document or any Past performance information given in this presentation is given for illustrative purposes only information contained in this document. By continuin
Slide 3: Capital raising summary
Capital raising summary The Company has completed a A$6.5m capital raising by way of an institutional placement (“Placement”) of new fully paid ordinary shares in the Company (“New Shares”) (“Offer”). Taylor Collison Limited and PAC Partners Securities Pty Ltd will act as the Joint Lead Managers (
Slide 4: Capital raising summary: use of funds and capital structure
Capital raising summary Use of Funds $ Upgrades associated with Darwin Property $1.5m Modular data centre product innovation $2m Pure Asset Management partial loan repayment $1m General working capital, operational and sales teams and costs of the Offer $2m Capital Raising Impact on DXN Capital Stru
Slide 5: Transaction Rationale
Transaction Rational Darwin Data Centre (“DC”) Accelerate Innovation & Seize De-lever Balance Sheet Support Working Capital & Property Optimisation New Market Opportunities CAPEX for Organic Growth Enhancing data centre DXN’s modular data centre Proactive step to improve DXN’s Bolster DXN’s
Slide 6: Overview
Overview Business DXN Ltd (ASX: DXN) is an ASX listed manufacturer of prefabricated modular data centres and operator of small regional data centres. Established in 2016, listed 2018. • Insert picture of Data Centre International operations with 20 full time equivalent (“FTE”) staff, headquart
Slide 7: DXN Board and Executive
DXN Board and ABIGAIL CHEADLE Chair and Non-Executive Director Executive Ms. Cheadle, a Chartered Accountant, has had a distinguished career spanning Asia, Europe, the Middle East, and Australia. She held leadership roles at EY, Deloitte, and KordaMentha, in corporate turnaround and risk management.
Slide 8: DXN at its Core
DXN at its Core Modular Data Centres Regional Edge Data Centres Prefabricated data centre modules are built at DXN’s Own, operates and maintains critical data centre in-house manufacturing facility in Perth, WA. infrastructure on behalf of specific customers in Darwin and Hobart with a 75 rack a
Slide 9: Leader in Modular Data Centres
Leader in Modular Data Centres The Advantage The DXN Approach In the fast-paced evolving digital world, modular data Demonstratable track record of supporting mission- centres offers customers a relatively lower investment critical environments through reliable and stable alternative which is fl
Slide 10: Modular Data Centers Overview
Modular Data Centers Overview New Orders $8.0m (by quarter) $7.0m FY24 Results $6.0m Contracted sales in FY24 was $12.4m. $5.0m $4.0m $8.2m in revenue in FY24 with $2.4m EBITDA. $3.0m Growth in Modular Business $2.0m $1.0m Work in hand from FY24 going into FY25 totals $8.9m, $0.0m whilst anoth
Slide 11: Modular Data Centres Existing and New Market Segments
Modular Data Centres Existing and New Market Segments Cable Landing Stations Mining Modules Edge Data Centres 30kw to Multiple MW size 50kw to 2MW multi module edge sites Existing market segment 1 Existing market segment 2 3 Existing market segment DXN Module – Inference AI Sites Defence and Governm
Slide 12: DXN Modular Data Centres: Right Place, Right Time
DXN Modular Data Centres: Right Place, Right Time Industry Superior Contract Demand Capability Momentum = Growth Continued strong investment DXN has leading in-house Contracts with major blue-chip FY25 forecast $16m revenue in Data Centre Cloud and design and build capability clients includi
Slide 13: DXN Customers and Market Segments
DXN Customers and Market Segments Mining Energy & Gas Telco Cable Landing Station (CLS)* Government Defense Data Centre Global Global internet Internet Companies – NDAs in place Hyperscalers company October 2024 DXN Limited | Capital Raise 2024 13
Slide 14: DXN Asia Pacific Addressable Market in Cable Landing Stations
DXN Asia Pacific Addressable Market in Cable Landing Stations (CLS) DXN has deployed over 80 modules across the world to date with a large percentage of deployments being Cable Landing Stations (CLS) in the Asia Pacific region. There are 29 new subsea cables around the world, with 128 known main
Slide 15: FY24 Highlights
FY24 Highlights Group Group revenue $10.8m (FY23 $6.58m) including Modules and Data Centers. Group EBITDA $0.6m (FY23: $4.96m EBITDA loss) Group Underlying EBITDA* $1.2m (FY23: $4.92m Underlying EBITDA loss) $1.3m positive operating cashflow in 2H24 versus negative cashflow of $0.9m in 1H24.
Slide 16: Outlook and Guidance
Outlook and Guidance Customer enquiries continue. Contracted work in hand for FY25 Additional sales employees will be hired in FY25 to • $8.9m orders from FY24 accelerate deal flow. • $1.5m new orders since year end. Based on converting the pipeline into sales in time to complete manufacture i
Slide 17: Takeaways
Takeaways Only ASX-listed company specialising in prefabricated modular data centres, uniquely positioned to capture the growing demand for data infrastructure. Set to benefit from the surge in data demand fueled by AI, edge computing, and the expansion of subsea cables. With over 80 modular d
Slide 18: Timetable
Timetable Event D a t e (2024) Trading halt and announcement of the Institutional Placement Thursday, 10 October Announcement of the outcome of the Placement, Trading halt lifted and trading of Shares Monday, 14 October recommences on ASX Settlement of new Shares under the Institutional Placement Th
Slide 19: DXN and Pure Asset Management Debt Renegotiation & Subscription
DXN and Pure Asset Management Debt Renegotiation & Subscription DXN and Pure Asset Management (“Pure”)have signed a legally binding Term Sheet to revise the existing $4m debt facility (signed in October 2021) and for Pure to re-invest in DXN Pure Asset Management has agreed to the following terms: •
Slide 20: Risk Disclosure
Risk Disclosure Risk Description Reduction in demand for The market for data centres is characterised by rapidly changing technology and industry trends, frequent new product, and competitor introductions, data centre services changing laws (e.g. data and privacy), as well as changing customer deman
Slide 21: Risk Disclosure
Risk Disclosure Risk Description Cyber security incidents or DXN’s business involves the cloud hosting and storage of information, including confidential and proprietary data of organisations and personal breaches of data privacy information of individuals. Advances in technological capabilities and
Slide 22: Risk Disclosure
Risk Disclosure Risk Description Diminishing reputation of There is a risk that DXN's reputation could be affected by the actions of third parties, such as business partners, technology providers and its client base. There brand is also a risk that unforeseen issues or events may arise that adversel
Slide 23: International Offer Restrictions
International Offer Restrictions This document does not constitute an offer of new ordinary shares (“New Shares”) of the United Kingdom Company in any jurisdiction in which it would be unlawful. In particular, this document Neither this document nor any other document relating to the offer has been
Slide 24: Thank You
THANK YOU For more info visit dxn.solutions or email info@dxn.solutions October 2024 24 DXN Limited | Capital Raise 2024