Slide 1: FY23 Results Presentation
FY23 RESULTS PRESENTATION NEXTDC © Copyright 2022 | 2022 Annual General Meeting
Slide 2: Agenda
AGENDA FY23 RESULTS FY23 HIGHLIGHTS FY23 FINANCIAL RESULTS FY23 BUSINESS PERFORMANCE FY23 ESG & WHS HIGHLIGHTS FY24 OUTLOOK APPENDICES NEXTDC © Copyright 2023 | FY23 Results Presentation 2
Slide 3: FY23 Highlights
FY23 HIGHLIGHTS NEXTDC © Copyright 2023 | FY23 Results Presentation 3
Slide 4: FY23 Highlights
FY23 HIGHLIGHTS TOTAL UNDERLYING CONTRACTED INTER- REVENUE EBITDA1 UTILISATION CONNECTIONS2 A$362.4m A$193.7m 122.2MW 17,816 25% 15% 47% 7% Note: All percentage increases are expressed relative to the FY22 results 1. Refer page 27 for reconciliation to underlying EBITDA 2. Comprises both physical an
Slide 5: FY23 Highlights
FY23 HIGHLIGHTS ▪ Total revenue up A$71.3m (25%) to A$362.4m (FY23 Guidance: A$350 – A$360m1) ▪ Contracted utilisation increased 39.2MW (47%) to 122.2MW with record sales in key partner, network and enterprise segments ▪ Further increase in contracted utilisation recorded post year end, up 23.2MW (1
Slide 6: FY23 Financial Results
FY23 FINANCIAL RESULTS NEXTDC © Copyright 2023 | FY23 Results Presentation 6
Slide 7: FY23 Profit and Loss Summary
FY23 PROFIT AND LOSS SUMMARY FY23 FY22 Change Total Underlying Note (A$m) (A$m) (A$m) (%) Total revenue 362.4 291.0 71.3 25% REVENUE EBITDA1 Direct costs (power and consumables) 83.0 43.5 39.5 91% 25% 15% Facility costs (property costs, 38.2 28.2 10.0 35% ▪ Short term direct costs driven by signif
Slide 8: Strong Revenue and EBITDA Growth
STRONG REVENUE AND EBITDA GROWTH Total revenue1 Underlying EBITDA2 Project revenue Underlying EBITDA Recurring revenue A$193.7m A$362.4m A$169.0m A$291.0m A$134.5m A$246.1m A$200.8m A$104.6m A$169.7m A$85.1m A$147.3m A$75.6m FY18 FY19 FY20 FY21 FY22 FY23 FY18 FY19 FY20 FY21 FY22 FY23 1. Prior to FY1
Slide 9: Revenue Per Unit Metrics
REVENUE PER UNIT METRICS Annualised revenue per square metre1,2,3 (A$) Annualised revenue per MW 1,2,4 (A$m) Power passthrough revenue Power passthrough revenue Net recurring revenue Net recurring revenue 12,109 4.56 4.52 10,714 10,682 4.36 4.40 10,484 10,374 9,897 4.03 3.99 FY18 FY19 FY20 FY21 FY22
Slide 10: Well Capitalised for Growth
WELL CAPITALISED FOR GROWTH 30 June 23 30 June 22 Cash Flows A$893m A$710m Balance sheet summary (A$m) Cash 766 457 Property (land and buildings)1 1,797 1,302 Plant and equipment 946 959 Other assets 340 259 A$766m Total assets 3,850 2,977 Borrowings2 1,365 1,059 A$126m Other liabilities 208 219 A$4
Slide 11: FY23 Business Performance
FY23 BUSINESS PERFORMANCE NEXTDC © Copyright 2023 | FY23 Results Presentation 11
Slide 12: Strong Growth in Customers and Interconnections
STRONG GROWTH IN CUSTOMERS AND INTERCONNECTIONS Number of customers Number of interconnections1 1,820 17,816 16,613 1,613 1,507 14,718 1,324 13,051 1,145 10,972 933 8,671 FY18 FY19 FY20 FY21 FY22 FY23 FY18 FY19 FY20 FY21 FY22 FY23 ▪ Average interconnections per customer remained strong at 9.8 in FY2
Slide 13: Diversified Recurring Revenue Model
DIVERSIFIED RECURRING REVENUE MODEL 4% Customers by industry1,2,3 Utilisation by power density1,3,4 6% Enterprise Government > 6kW 22% 8% Connectivity Financial Services 4kW to 6kW 37% System Integrators Digital Media < 4kW 12% Cloud 56% 22% 14% Cloud, Systems Integrators and Connectivity Customer p
Slide 14: Utilisation
UTILISATION Built capacity1 vs contracted utilisation2 Billing3 vs contracted utilisation ▪ 92% of built capacity was contracted at 30 June 2023 ▪ Contracted utilisation up 39.2MW (47%) to 122.2MW since 30 June 2022 ▪ 19.5MW of new built capacity added in 12 months to 30 June 2023 ▪ Billing utilisat
Slide 15: Facilities Capacity and Contracted Utilisation
FACILITIES CAPACITY AND CONTRACTED UTILISATION 100 ▪ NEXTDC’s expansion potential continues to grow with Contracted utilisation S4, S5 and M4, new regions in Malaysia, New Zealand, 80 Build in progress Adelaide and Darwin as well as Edge deployments in Built capacity Port Hedland and Newman 60 MW ▪
Slide 16: ESG & WHS Highlights
FY23 ESG & WHS HIGHLIGHTS NEXTDC © Copyright 2023 | FY23 Results Presentation 16
Slide 17: ESG Highlights
ESG HIGHLIGHTS ▪ Australia’s first TRUE (Total Resource Use and Efficiency) Zero Waste Certified Data Centre (S1) in August 2023 ▪ Free responsible e-waste disposal at all sites ▪ Australia’s first NABERS 5-Star certified colocation data centres for energy efficiency (M1 & S1), NABERS 4.5-Star recen
Slide 18: WHS Highlights
WHS HIGHLIGHTS ▪ Zero Recordable Lost Time Injuries during FY23 ▪ Safety First corporate goal of zero injuries in the workplace ▪ Every ‘all company’ meeting starts with a safety focused ‘toolbox talk’ ▪ NEXTDC uses Lessons Learnt Program to share incident and near miss learnings between suppliers,
Slide 19: FY24 Outlook
FY24 NEXTDC © Copyright 2023 | FY23 Results Presentation OUTLOOK 19
Slide 20: FY24 Trading Outlook
FY24 TRADING OUTLOOK ▪ Record pipeline: NEXTDC is expecting another record year of new contract wins in FY24, providing the Company with even greater certainty over future revenue growth ▪ Achieved record sales of close to 40MW in FY23 ▪ Already announced new sales equivalent to 23.2MW in FY24 YTD,
Slide 21: FY24 Guidance
FY24 GUIDANCE Total revenue guidance of A$400 million to A$415 million (FY23: A$362.4 million) ▪ Net revenue growth of 6% to 9% (FY23: A$279.4 million) ▪ Higher power passthrough revenues expected in 1HFY24 before moderating in 2HFY24 ▪ Margins to expand from 2HFY24 as contracted price escalation fl
Slide 22: Q&A Full Year Results
Q&A FULL YEAR RESULTS NEXTDC © Copyright 2023 | FY23 Results Presentation 22
Slide 23: Appendices
APPENDICES NEXTDC © Copyright 2022 NEXTDC © Copyright 2023 | FY23 Results Presentation 23
Slide 24: Development Projects
DEVELOPMENT PROJECTS NEXTDC © Copyright 2023 | FY23 Results Presentation 24
Slide 25: Regional Data Centre Platform
REGIONAL DATA CENTRE PLATFORM Fully Operational In Development In Planning Under Evaluation NEXTDC © Copyright 2023 | FY23 Results Presentation 25
Slide 26: A1 Adelaide, S4 Sydney, S5 Sydney and other developments
S4 SYDNEY A1 ADELAIDE Target IT capacity ~300MW+1 Target IT capacity 5MW Installed capacity Expected ~20MW for Phase 1 Initial capacity 2MW in progress Status Design & Town Planning Status Practical completion 1HFY25 S5 SYDNEY D1 DARWIN Target IT capacity ~60MW+1 Target IT capacity 7MW+ Installed ca
Slide 27: Underlying EBITDA Reconciliation
UNDERLYING EBITDA RECONCILIATION FY23 FY22 (A$m) (A$m) Net profit / (loss) after tax (25.6) 9.1 Add: finance costs 79.0 49.3 Less: interest income (11.0) (1.8) Add/(less): income tax expense/(benefit) 2.4 (10.8) Add: depreciation and amortisation 137.9 106.9 EBITDA 182.7 152.7 Add: expensed SaaS cos
Slide 28: Case Studies
CASE STUDIES NEXTDC © Copyright 2023 | FY23 Results Presentation 28
Slide 29: Case Study: M1 Melbourne
CASE STUDY: M1 MELBOURNE Facility EBITDA1,2 (A$m) FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 50 100% Billing utilisation Highlights Facility EBITDA 40 80% ▪ NEXTDC’s second facility, commenced operations in September 2012 30 60% ▪ Break-even reached after 11 months of operation 20 40% 10
Slide 30: Case Study: S1 Sydney
CASE STUDY: S1 SYDNEY Facility EBITDA1,2 (A$m) FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 50 100% Billing utilisation Highlights Facility EBITDA 40 80% ▪ NEXTDC’s fourth facility commenced operations in September 2013 30 60% ▪ Break-even reached after 7 months of operation 20 40% 10 20%
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 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 2023 | FY23 Results Presentation 32
Slide 33: Where A.I. Lives
Where A.I. Lives™ NEXTDC © Copyright 2023 | 2023 Annual General Meeting 33