Slide 1: Q4 2024 Update
Q4 2024 Update Northern Data AG 21st January, 2025 1
Slide 2: On the call today
On the call today Aroosh Thillainathan Elliot Jordan Group founder & CEO Group CFO 2
Slide 3: Disclaimer
Disclaimer This presentation contains forward-looking statements. Actual results may differ from those set forth in the forward- whatsoever for any errors or omissions or any loss howsoever The words “anticipate”, “assume”, “believe”, “estimate”, looking statements as a result of various factors (in
Slide 4: Agenda
Agenda Company overview and 01 2024 highlights 02 Financials 03 Q&A 4
Slide 5: Company overview and 2024 highlights
01 Company overview and 2024 highlights 5
Slide 6: Who we are
Who we are Northern Data Group is a leading provider of AI and High-Performance Computing (HPC) solutions, powering the next generation of innovation. We are a global company with a European heart, delivering cutting-edge technology through best-in- class hardware, purpose-built data centers, and re
Slide 7: Our Vision
Our Vision The leading European AI Cloud To power the next generation of AI through sustainable, state-of-the-art, high-performance computing solutions 7
Slide 8: Industry trends
Industry trends Demand for AI/HPC Fast adoption of GenAI data centers Access to power • Exponential growth of data • Growing demand for purpose- • Significant increase in power built infrastructure to support consumption • Fast adoption of GenAI AI/HPC requirements technologies • Access to power and
Slide 9: Our vertically integrated approach
Our vertically integrated approach AI Enterprise Suite Comprehensive set of tool & services to run businesses on AI. Strong emphasis on EU act compliance, enterprise scalability and assurance Owning and controlling a PaaS GPU on Demand network of our own data centers and AI infrastructure delivers s
Slide 10: Strong execution in 2024
Strong execution in 2024 Scaling the cloud business with new sites Expanded data • Pittsburgh, Maysville, Boden (~220MW) center footprint • Site in Norway (~40MW) • Colocation sites in UK, Norway and Portugal (~24MW) Rolled out largest pool of GPUs in Europe Added critical • 23k NVIDIA Tensor Core H
Slide 11: Financials
02 Financials 11
Slide 12: Increased capacity drives cloud and mining revenue in Q4
Increased capacity drives cloud and mining revenue in Q4 Cloud and Data Center Mining Group in EUR m in EUR m in EUR m 200 121 79 63 26% 86 159% 55 YoY 78 48 YoY 59 47% 16% QoQ QoQ 32 722% 22 171% 29 26 12 15 14 12 QoQ 7 YoY Q1 Q2 Q3 Q4 FY23 FY24 Q1 Q2 Q3 Q4 FY23 FY24 Q1 Q2 Q3 Q4 FY23 FY24 2024 2024
Slide 13: Successful ramp up in revenue and profitability
Successful ramp up in revenue and profitability Revenue and adjusted EBITDA in EUR m Revenue Adjusted EBITDA FY 2024 Preliminary 200 Revenue of EUR 200 m 86 60-80 59 Adjusted EBITDA 29 26 of EUR 60–80 m Q1 Q2 Q3 Q4 FY24 Note: Q1, Q2, Q3, Q4 and FY 2024, all unaudited and preliminary. 13
Slide 14: Deployed capital to drive future growth
Deployed capital to drive future growth in EUR m 243 120 FY 2023 Financing Capital raise Investing Operating FY 2024 Note: FY 2024 unaudited 14
Slide 15: Financial results over 2024 demonstrate significant progress
Financial results over 2024 demonstrate significant progress Successful repositioning of Group has driven significant revenue growth year-on- year and return to EBITDA profitability Scale of infrastructure drives growth into 2025 and beyond Deployment of capital for future growth and positive operat
Slide 16: Q&A
03 Q&A 16
Slide 17: Infrastructure
Infrastructure Number of owned NVIDIA GPUs – Delivered and deployed Deployed 31 December Expected to be deployed GenAI GPUs Delivered 2024 31 March 2025 NVIDIA Tensor Core H100 21k 15k 21k NVIDIA Tensor Core H200 2k - 2k A6000 1k 1k 1k Total 24k 16k 24k 17