Applied Digital Corporation · NASDAQ:APLD

Applied Digital — Corporate Update (June 2025)

9 slides from Applied Digital's corporate update, Jun 2, 2025

  1. Slide 1: Tenant Announcement: Ellendale Campus, Lease Overview

    APPLIED DIGITAL TENANT ANNOUNCEMENT Ellendale Campus, Lease Overview JUNE 2025 250 MW OF CONTRACTED CAPACITY

  2. Slide 2: Disclaimer and Forward-Looking Statements

    This Presentation Has Been Designed To Provide General Information About Applied Digital Corporation (“Applied Digital” Or The “Company”}. Any Information Contained Or Referenced Herein Is Suitable Only As An Introduction To The Company. The information contained in this presentation is for informat

  3. Slide 3: Lease Update

    APPLIED DIGITAL | LEASE OVERVIEW LEASE UPDATE Applied Digital enters into lease agreements with CoreWeave for 250 MW, with a tenant option for the remaining 150 MW of capacity to expand its high-performance computing (HPC) business, with additional optionality for future expansion Pg.1

  4. Slide 4: AI Applied at Scale (100 MW)

    APPLIED DIGITAL | LEASE OVERVIEW Al APPLIED AT SCALE LOCATION Ellendale, North Dakota CRITICAL IT CAPACITY 100 MW PEAK RACK LOAD High Density Rack Loads Direct-to-Chip Closed-Loop Liquid OOLING MEDIUM 4 . ~ Cooling + Air Cooling DESIGN PUE 1,15 Annual Average ee leg ¢ SCALABILITY Designed For Al At

  5. Slide 5: AI Applied at Scale (150 MW)

    APPLIED DIGITAL | LEASE OVERVIEW Al APPLIED AT SCALE LOCATION CRITICAL IT CAPACITY PEAK RACK LOAD OOLING MEDIUM DESIGN PUE SCALABILITY Ellendale, North Dakota 150 MW High Density Rack Loads Direct-to-Chip Closed-Loop Liquid Cooling + Air Cooling 1.15 Annual Average Designed For Al At Scale Pg.3

  6. Slide 6: Transaction Summary

    APPLIED DIGITAL | LEASE OVERVIEW TRANSACTION SUMMARY,, 250 MW. . 4025-2H26 Contracted Critical IT Load Expected Delivery Dates ?) ™IS Year Base Term With Three 5-Year Options ~$7B . 88%+/-3% Contracted Revenue for EXpected Site NOI Margins‘) 250.MW Base Term) ~ $11M-$13M Wnticipated CapEx Per MW cu

  7. Slide 7: Contract Overview

    APPLIED DIGITAL | LEASE OVERVIEW CONTRACT OVERVIEW it7 Billion in aggregate rental revenue from buildings under executed contracts ¢ Three consecutive 5-year Renewal Options available across the portfolio i Price is set upfront, including an annual escalator regardless of actual project costs i’ The

  8. Slide 8: Applied Digital Contact and Investor Relations

    i) APPLIED | DIGITAL Corporate HQ Find out more about us at Applied Digital Corporation www. applieddigitalcom 3811 Turtle Creek Blvd. Suite 2100 For inquiries, contact Dallas, TX 75219 info@appliddigitalcom Investor Relations Contacts Matt Glover and Ralf Esper Gateway Group, Inc. (249) 574-3860 AP

  9. Slide 9: Appendix: Management Statements on Non-GAAP Measures

    . Appendix Management Statements on Non-GAAP Measures This Investor Non-GAAP Financial Measures This Investor Presentation contains the following financial measures: Net Operating Income (NOI) and NOI Margin, each of which is not calculated in accordance with U.S. Generally Accepted Accounting Princ

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