Nextdc Limited · ASX:NXT

Nextdc — 1H25 Earnings Presentation

33 slides from Nextdc's earnings presentation, Feb 24, 2025

Slide 1: FY25 Half-Year Results
al use only FY25 HALF-YEAR RESULTS 24 February 2025
Slide 2: Agenda
AGENDA useRESULTS 1H25 HIGHLIGHTS only 1H25 FINANCIAL RESULTS 1H25 BUSINESS PERFORMANCE 1H25 ESG & WHS HIGHLIGHTS al1H25 FY25 GUIDANCE APPENDICES NEXTDC © Copyright 2025 | 1H25 Results Presentation 2
Slide 4: 1H25 Highlights
1H25 HIGHLIGHTS al use only NET UNDERLYING CONTRACTED INTERCONNECTION REVENUE1 EBITDA2 UTILISATION REVENUES A$167.8m A$105.4m 176.0MW A$15.0m 13% 3% 18% 7% Note: All percentage increases are expressed relative to the 1H24 results 1. Comprises total revenue less direct costs 2. Refer page 28 for reco
Slide 5: Strong Forward Order Book
STRONG FORWARD ORDER BOOK Forward Order Book1 al use only 87MW 83MW 69MW 45MW 10MW 10MW 10MW 8MW 2 2H21 1H22 2H22 1H23 2H23 1H24 2H24PF 1H25 Forward order book of 83MW will deliver strong growth in net revenue through to FY29 as contracts convert to billing 1. Forward order book represents the diffe
Slide 6: 1H25 Highlights
1H25 HIGHLIGHTS ▪ Net revenue1 grew 13% to A$167.8m (1H24: A$149.1m) ▪ Contracted utilisation increased 27.0MW (18%) to 176.0MW SOLID REVENUE ▪ Interconnection revenues increased A$0.9m (6.6%) to A$15.0m, representing 8.9% of net revenue 1 GROWTH al use only ▪ Underlying EBITDA2 increased A$3.4m (3%
Slide 8: 1H25 Profit and Loss Summary
1H25 PROFIT AND LOSS SUMMARY 1H25 1H242 Change Note (A$m) (A$m) (A$m) (%) NET UNDERLYING 1 3 Total revenue 205.5 209.1 (3.6) (2)% REVENUE EBITDA al use only Direct costs Net revenue 1 (37.7) 167.8 (60.0) 149.1 22.3 18.7 37% 13% 13% 3% ▪ Direct costs for 1H25 benefited from lower contracted energy
Slide 9: Strong Revenue and EBITDA Growth
STRONG REVENUE AND EBITDA GROWTH Revenue (A$m) Underlying EBITDA2 (A$m) Total revenue Underlying EBITDA Net revenue1 al use only 209.1 202.7 205.5 105.4 102.0 102.3 195.2 97.5 96.2 159.7 85.0 167.8 84.0 146.5 158.8 144.5 149.1 138.4 141.0 124.4 68.8 125.7 121.8 104.8 2H21 1H22 2H22 1H23 2H23 1H24 2H
Slide 10: 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 al use only 13,958 4.9 13,144 4.6 12,785 12,399 4.4 4.0 4.1 10,772 11,041 3.9 10,595 3.8 9,
Slide 11: Well Capitalised for Growth
WELL CAPITALISED FOR GROWTH 31 Dec 24 30 Jun 24 Cash Flows Balance sheet summary (A$m) A$85m A$995m Cash 373 1,236 A$46m A$1,236m Property (land and buildings)1 3,059 2,394 al use only Plant and equipment 1,577 1,332 Other assets 235 255 Total assets 5,244 5,217 Borrowings2 778 1,375 Other liabiliti
Slide 13: Utilisation
UTILISATION Built capacity1 vs contracted utilisation2 Contracted vs billing utilisation3 ▪ 93% of built capacity was contracted at 31 December 2024 ▪ Contracted utilisation up 27.0MW (18%) to 176.0MW since 31 December 20232 ▪ 24.0MW of new built capacity added in 6 months to 31 December 2024 ▪ Bill
Slide 14: Utilisation by Category
UTILISATION BY CATEGORY Contracted MW by customer category1 Interconnection by customer category1,2,3 9% Cloud & AI 9% Cloud & AI 10% 33% al use only ICT Providers ICT Providers Enterprise & Government Enterprise & Government Ecosystem benefits are increasingly driven by Cloud and AI deployments are
Slide 15: Contracted Utilisation and Facility Capacity
CONTRACTED UTILISATION AND FACILITY CAPACITY ▪ 70MW in progress, with a further 100MW+ in plan 140 Contracted utilisation ▪ S7 Sydney: Site acquired with 550MW of planned capacity 120 Build in progress ▪ S3 Sydney: 16MW of built capacity added during 1H25, with a Built capacity further 24MW in progr
Slide 17: ESG Highlights
ESG HIGHLIGHTS ▪ Industry First: M2 achieved Uptime Institute's Sustainability Assessment Award, a first for any data centre in APAC. ▪ Embedded Carbon Reduction: Construction partners are required to conduct embedded carbon assessments and optimise new builds for environmental impact, including rec
Slide 18: WHS Highlights
WHS HIGHLIGHTS ▪ Operational Excellence: Achieved ZERO LTIFR and TRIFR across the entire NEXTDC operational footprint. ▪ Construction Safety: Rolling 12-month capital works TRIFR improved from 4.6 to 3.4, and LTIFR from 0.8 to 0.5 from 30 June 2024 to 31 December 2024. al use only ▪ Expanded safety
Slide 20: FY25 Guidance Reaffirmed
FY25 GUIDANCE REAFFIRMED Net revenue of A$340 million to A$350 million (unchanged) ▪ Forward order book of 83.0MW to progressively convert to revenues across FY25 to FY29 ▪ ICT alliances and partners driving strong growth in co-location and hyperscale requirements in line with NEXTDC’s go to market
Slide 24: Regional Data Centre Platform
TK1 Tokyo TK2 REGIONAL DATA CENTRE PLATFORM Bangkok BK1 al use only Kuala Lumpur KL1 ▪ A rapidly growing portfolio of operational data centres and JB1 development projects across Australia SG1 and the APAC region Singapore Guam San Jose ▪ Continued expansion reflects NEXTDC’s commitment to meeting t
Slide 25: Cable Landing Stations
To Guam & Japan To Christmas Island, Singapore (contracted not built) D1 To Fiji & USA To Christmas Island (contracted not built) & Singapore al use only PH1 SC1 NE1 CABLE LANDING To Singapore STATIONS P2 S1 NEXTDC hosted cable landing stations and terrestrial landings continues to grow, further enh
Slide 26: Development Projects
DEVELOPMENT PROJECTS S3 SYDNEY S7 SYDNEY Total power planned ~80MW Total power planned ~550MW+1 Built capacity 44MW + 24MW in progress Built capacity In planning al use only Status Operational Status Design & Town Planning S4 SYDNEY M2 MELBOURNE Total power planned ~300MW+1 Total power planned 120MW
Slide 27: Development Projects (Cont)
DEVELOPMENT PROJECTS (CONT) B2 BRISBANE GE1 GEELONG Total power planned ~12MW 1 Total power planned ~1MW 1 Initial capacity ~2.0MW Initial capacity ~0.2MW al use only Status Design & Town Planning Status Design & Town Planning SC2 SUNSHINE COAST KL1 KUALA LUMPUR Total power planned ~6MW 1 Total powe
Slide 28: Underlying EBITDA Reconciliation
UNDERLYING EBITDA RECONCILIATION 1H25 1H241 (A$m) (A$m) al use only Net profit / (loss) after tax (42.7) (21.5) Add: finance costs 64.5 47.2 Less: interest income (27.8) (15.6) Add: income tax expense 5.4 6.4 Add: depreciation and amortisation 96.9 80.2 EBITDA 96.3 96.8 Add: early-stage internationa
Slide 30: Case Study: Victoria
CASE STUDY: VICTORIA M4 80MW site 70 acquired Contracted utilisation M3 goes live Billing utilisation 60 Built capacity M2 land to 50 100MW M1 land and M3 150MW site al use only buildings re-acquired acquired MW 40 1H13 M1 M2 40MW site goes live acquired M2 goes live M2 land to 60MW 30 20 10 0 1H14
Slide 31: 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 32: NEXTDC Investor Relations
NEXTDC INVESTOR RELATIONS al use only 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 2025 | 1H25 Results Presentation 32
Slide 33: Where A.I. Thrives
al use only Where A.I. Thrives

NEXTDC — 1H25 Earnings Presentation on 6ix

Nextdc — 1H25 Earnings Presentation

Slide 1: FY25 Half-Year Results

Slide 2: Agenda

Slide 3: 1H25 Highlights

Slide 4: 1H25 Highlights

Slide 5: Strong Forward Order Book

Slide 6: 1H25 Highlights

Slide 7: 1H25 Financial Results

Slide 8: 1H25 Profit and Loss Summary

Slide 9: Strong Revenue and EBITDA Growth

Slide 10: Revenue per Unit Metrics

Slide 11: Well Capitalised for Growth

Slide 12: 1H25 Business Performance

Slide 13: Utilisation

Slide 14: Utilisation by Category

Slide 15: Contracted Utilisation and Facility Capacity

Slide 16: 1H25 ESG & WHS Highlights

Slide 17: ESG Highlights

Slide 18: WHS Highlights

Slide 19: FY25 Guidance

Slide 20: FY25 Guidance Reaffirmed

Slide 21: Q&A

Slide 22: Appendices

Slide 23: Development Projects

Slide 24: Regional Data Centre Platform

Slide 25: Cable Landing Stations

Slide 26: Development Projects

Slide 27: Development Projects (Cont)

Slide 28: Underlying EBITDA Reconciliation

Slide 29: Case Study

Slide 30: Case Study: Victoria

Slide 31: Important Disclaimer

Slide 32: NEXTDC Investor Relations

Slide 33: Where A.I. Thrives