Slide 1: FY25-H1 Results Presentation
DUG Technology FY25-H1 Results Presentation 27 February 2025 dug.com 1
Slide 2: FY25-H1: Highlights
FY25-H1: Highlights Revenue Order Book at 31-Jan-25 EBITDA US$28.7 million US$42.2 million US$5.2 million ↓ 4% on FY24-H1 ↑ 28% on US$32.9M at 31-Dec-24 ↓ 26% on FY24-H1 ↑ 19% on US$35.4M at 30-Sep-24 primarily due to shift towards reflecting investment in new regions, elastic MP-FWI pilot projects
Slide 3: Convergence of scientific excellence and sustainable computing innovation
DUG Technology represents the convergence of scientific excellence and sustainable computing innovation. Our journey from applied physics specialists to global technology leaders has been marked by continuous breakthroughs in geoscientific computing, including our revolutionary elastic multi-paramet
Slide 4: Expanding presence across five continents and diverse industries
As we expand our presence across five continents and diverse industries, we remain committed to delivering sophisticated innovations that drive scientific progress, environmental sustainability and commercial success for our customers. dug.com 4
Slide 5: What we do
What we do Services Software HPC as a Service o Elastic Multi-parameter Full o Data interpretation and analysis o Powerful, bare-metal compute Waveform Inversion (MP-FWI) o Acoustic MP-FWI software for the oil & gas industry and storage o Conventional seismic processing o Seismic data processing and
Slide 6: Global footprint
Global footprint U BUBBA 36 PF compute 37 PB storage 3.PF compute 6 PB storage & ad TO KUALA LUMPUR TO HOUSTON DUG global network — Connection to AARNet PF double-precision petaflops PB petabytes of storage (©) DUG HPC Locations @ UE project locations BRUCE 6 PF compute 9 PB storage dug.com 6
Slide 7: FY25-H1: A period of strategic investment
FY25-H1: A period of strategic investment DUG estimates its share of the global seismic P&I market to be circa 7%. Making DUG the third largest P&I company globally. DUG’s elastic MP-FWI is the world-leading technology, delivering better results to clients in a fraction of the time. The Company has
Slide 8: Financials
Financials dug.com 8
Slide 9: FY25-H1: Profit and Loss
FY25-H1: Profit and Loss o Services revenue fell 3% on FY24-H1 due to delayed awards after the elastic MP-FWI release. The Services order book was US$32.9M at 31 December US$ millions FY25-H1 FY24-H1 % Change 2024, growing to US$42.2M at 31 January 2025, after US$13.4M of awards in January 2025. A s
Slide 10: FY25-H1: Balance Sheet
FY25-H1: Balance Sheet US$ millions 31-Dec-24 30-Jun-24 o The Company has total finance debt1 of US$24.3M at 31 Current Assets December 2024, with net debt of US$7.0M. Cash and cash equivalents 17.3 9.4 Trade and other receivables 10.0 9.3 o DUG successfully completed a capital raising in October 20
Slide 11: FY25-H1: Cash Flow
FY25-H1: Cash Flow US$ millions FY25-H1 FY24-H1 Cash flows from operating activities Receipts from customers 28.0 26.9 o Payments to suppliers rose as the final payment for Payments to suppliers (11.3) (6.2) third-party compute utilised in FY24-H2, was made in Payments to employees (16.1) (14.5) Inc
Slide 12: Growth Drivers
Growth Drivers dug.com 12
Slide 13: The DUG Ecosystem — Integrated Solutions
The DUG Ecosystem — Integrated Solutions Each DUG product and service interlocks – amplifying value, improving accuracy, and enabling clients to solve complex computational challenges under one integrated ecosystem. Unified HPC Modern Geoscience Seismic Processing & DUG Nomad and Backbone Software I
Slide 14: Significance of DUG's Elastic MP-FWI Competitive Advantage
The significance of DUG’s Elastic MP-FWI Competitive Advantage for the Global Oil & Gas Sector o DUG unveiled its elastic MP-FWI solution at the IMAGE’241 Acoustic MP-FWI Imaging conference in late-August 2024 to an excited audience. o Drilling an oil & gas well can cost as much as US$500M. So, loca
Slide 15: Growth Driver — Next-Generation Seismic Imaging
Growth Driver 1 — Next-Generation Seismic Imaging Elastic MP-FWI stands at the cutting edge of seismic imaging technology, and DUG’s proprietary HPC environment supercharges its scalability, revenue potential, and market impact. Elastic MP-FWI: Pilot Projects Multi-Client Expands The Technology Gene
Slide 16: Growth Driver — Modern Geoscience Software
Growth Driver 2 — Modern Geoscience Software DUG Insight is a modern seismic interpretation and processing & imaging package. Offering clients access to the latest seismic imaging technology in their own environment or on DUG’s HPCaaS offering. Accelerating Growth and Interpretation and Executing Ag
Slide 17: Growth Driver — DUG Nomad and Immersion Cooling
Growth Driver 3 —DUG Nomad and Immersion Cooling DUG’s immersion cooling and edge computing (DUG Nomad) distinguish the company as a forward-thinking HPC provider — capable of meeting evolving data centre needs. Immersion Cooling Competitive DUG Nomad Patent Licence Differentiator Mobile, high-densi
Slide 18: Bringing It All Together — Global Expansion
Bringing It All Together — Global Expansion By embedding its offerings in the world’s most active energy and research hubs, DUG is strategically poised to broaden its client base, accelerate pilot conversions and cement a global leadership position. Strategic Regional Hubs Order Book Growth Scale &
Slide 19: Why Invest in DUG?
Why Invest in DUG? Best-in-Class Technology Outstanding Global Expansion Growth Potential o Game changing proprietary acoustic o Order book up 19% to US$42.2M o Middle East expansion delivering and elastic MP-FWI technology with o US$33.2M in new contract wins early wins 8 global pilot projects unde
Slide 20: Contact details
dug.com facebook.com/TeamDUG linkedin.com/company/teamdug twitter.com/Team_DUG youtube.com/dugtechnology info@dug.com +618 9287 4100 dug.com 20