Slide 1: FY24 Full-Year Results
FY24 FULL-YEAR RESULTS 27 August 2024
Slide 2: Agenda
AGENDA FY24 RESULTS FY24 HIGHLIGHTS FY24 FINANCIAL RESULTS FY24 BUSINESS PERFORMANCE FY24 ESG & WHS HIGHLIGHTS FY25 GUIDANCE APPENDICES NEXTDC © Copyright 2024 | FY24 Results Presentation 2
Slide 3: FY24 Highlights
FY24 HIGHLIGHTS NEXTDC © Copyright 2024 | FY24 Results Presentation 3
Slide 4: FY24 Highlights
FY24 HIGHLIGHTS NET UNDERLYING CONTRACTED INTERCONNECTION REVENUE1 EBITDA2 UTILISATION3 REVENUE A$307.9m A$204.3m 172.6MW A$28.3m 10% 5% 41% 12% Note: All percentage increases are expressed relative to FY23 results 1. Comprises total revenue less direct costs 2. Refer page 29 for reconciliation to u
Slide 5: Record Forward Order Book
RECORD FORWARD ORDER BOOK Forward Order Book1 87MW 69MW 45MW 14MW 10MW 10MW 10MW 8MW 2 1H21 2H21 1H22 2H22 1H23 2H23 1H24 2H24PF Record forward order book of 86.6MW2, representing greater than 100% of billing utilisation at 30 June 2024 (86.0MW) 1. Forward order book represents the difference betwee
Slide 6: FY24 Highlights
FY24 HIGHLIGHTS ▪ Total revenue increased A$42.0m (12%) to A$404.3m (FY24 Guidance: A$400m – A$415m1) ▪ Net revenue2 grew A$28.5m (10%) to A$307.9m (FY24 Guidance: A$296m – A$304m1) ▪ Record annual sales of 50.5MW in FY24, with contracted utilisation increasing 41% to 172.6MW 3 SOLID REVENUE GROWTH
Slide 7: FY24 Financial Results
FY24 FINANCIAL RESULTS NEXTDC © Copyright 2024 | FY24 Results Presentation 7
Slide 8: FY24 Profit and Loss Summary
FY24 PROFIT AND LOSS SUMMARY FY24 FY231 Change Note (A$m) (A$m) (A$m) (%) NET UNDERLYING 2 3 Total revenue 404.3 362.4 42.0 12% REVENUE EBITDA 10% 5% Direct costs 96.4 83.0 13.4 16% Net revenue 2 307.9 279.4 28.5 10% ▪ Direct costs driven by customer consumption and a small increase in energy Faci
Slide 9: Strong Revenue and EBITDA Growth
STRONG REVENUE AND EBITDA GROWTH Revenue (A$m) Underlying EBITDA1 (A$m) Total revenue Underlying EBITDA Net revenue 404.3 204.3 193.7 362.4 169.0 291.0 134.5 246.1 200.8 104.6 169.7 85.1 307.9 279.4 247.5 203.1 162.7 136.5 FY19 FY20 FY21 FY22 FY23 FY24 FY19 FY20 FY21 FY22 FY23 FY24 1. Refer to page
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 13,368 4.88 12,109 4.56 4.52 4.40 10,484 10,714 10,682 4.03 3.99 10,374 FY19 FY20 FY21 FY22 FY2
Slide 11: Well Capitalised for Growth
WELL CAPITALISED FOR GROWTH 30 June 24 30 June 231 Cash Flows Balance sheet summary (A$m) Cash 1,236 766 A$1,294m A$951m Property (land and buildings)2,3 2,394 1,871 Plant and equipment3 1,332 982 Other assets 255 284 Total assets 5,217 3,903 Borrowings4 1,375 1,365 A$1,236m Other liabilities 274 20
Slide 12: FY24 Business Performance
FY24 BUSINESS PERFORMANCE NEXTDC © Copyright 2024 2023 | FY24 Results Presentation 12
Slide 13: Utilisation
UTILISATION Built capacity1 vs contracted utilisation2,3 Contracted2,3 vs billing utilisation4 ▪ 105% of built capacity was contracted at 30 June 2024 ▪ Contracted utilisation up 50.5MW (41%) to 172.6MW since 30 June 20232,3 ▪ 31.7MW of new built capacity added in 12 months to 30 June 2024 ▪ Billing
Slide 14: Utilisation by Category
UTILISATION BY CATEGORY Contracted MW by customer category1 Interconnection by customer category1,2 9% Cloud & AI 8% Cloud & AI 11% ICT Providers 31% ICT Providers Enterprise & Government Enterprise & Government Ecosystem benefits are increasingly driven by Cloud and AI deployments are showing stron
Slide 15: Contracted Utilisation and Facility Capacity
CONTRACTED UTILISATION AND FACILITY CAPACITY ▪ 72MW in progress, with a further 50MW+ in plan Contracted utilisation 100 Build in progress ▪ S3 Sydney: 12MW of built capacity added during FY24, with a further 24MW in progress. Additional 20MW in planning Built capacity 80 ▪ S6 Sydney: Acquired durin
Slide 16: ESG & WHS Highlights
FY24 ESG & WHS HIGHLIGHTS NEXTDC © Copyright 2024 | FY24 Results Presentation 16
Slide 17: ESG Highlights
ESG HIGHLIGHTS ▪ Head of Sustainability and Head of Energy leadership positions recruited to drive sustainability objectives including NEXTDC’s Net Zero pathway ▪ ESG Council launched to provide strategic oversight of sustainability initiatives ▪ Commitment to Diversity, Equity and Inclusion, 31% fe
Slide 18: WHS Highlights
WHS HIGHLIGHTS ▪ Maintained NEXTDC’s safety track record in FY24 with zero Lost Time Injuries Frequency Rate (LTIFR) and zero Total Recordable Injury Frequency Rate (TRIFR) across our operational footprint ▪ Significant decrease in our Capital Works project TRIFR (from 9.4 in FY23 to 4.6 in FY24) an
Slide 19: FY25 Guidance
FY25 GUIDANCE NEXTDC © Copyright 2024 | FY24 Results Presentation 19
Slide 20: FY25 Trading Outlook
FY25 TRADING OUTLOOK ▪ Record pipeline: in addition to a record 50MW+ sold in FY241, record levels of reservations and options in FY24 provide significant insight into future AI demand profile ▪ Billing ramp up: the forward order book of 86.6MW 2 is projected to convert into revenues by the end of F
Slide 21: FY25 Guidance
FY25 GUIDANCE Net revenue1 of A$340 million to A$350 million (FY24: A$307.9 million) ▪ Forward order book of 86.6MW 2 to begin converting to revenues towards the end of FY25 SOLID REVENUE ▪ ICT alliances and partners to drive further ecosystem growth, providing more margin expansion with the additio
Slide 22: Q&A Full-Year Results
Q&A FULL-YEAR RESULTS NEXTDC © Copyright 2024 2023 | FY24 Results Presentation 22
Slide 23: Appendices
APPENDICES NEXTDC © Copyright 2022 NEXTDC © Copyright 2024 | FY24 Results Presentation 23
Slide 24: NEXTDC certified as NVIDIA Preferred Solution Provider
NEXTDC certified as NVIDIA Preferred Solution Provider Through this certified partnership, we plan to accelerate the development of AI Factories and enable the DGX platforms to be even more accessible, adaptable and sustainable for every organisation here in Australia. NEXTDC © Copyright 2024 | FY24
Slide 25: Development Projects
DEVELOPMENT PROJECTS NEXTDC © Copyright 2024 2023 | FY24 Results Presentation 25
Slide 26: Regional Data Centre Platform
TK1 Tokyo TK2 REGIONAL DATA CENTRE PLATFORM Bangkok BK1 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 the growing d
Slide 27: Development Projects
DEVELOPMENT PROJECTS S3 SYDNEY S6 SYDNEY Total power planned ~80MW Total power planned ~13.5MW Built capacity 28MW + 24MW in progress Built capacity ~2.7MW Status Operational Status Operational S4 SYDNEY M2 MELBOURNE Total power planned ~300MW+1 Total power planned 120MW Built capacity 10MW for Phas
Slide 28: Development Projects (Cont)
DEVELOPMENT PROJECTS (CONT) M4 MELBOURNE GC1 GOLD COAST Total power planned ~80MW 1 Total power planned ~6MW 1 Initial capacity Expected ~10MW for Phase 1 Initial capacity ~1.2MW Status Design & Town Planning Status Design & Town Planning SC2 SUNSHINE COAST Total power planned ~6MW 1 GE1 GEELONG Ini
Slide 29: Underlying EBITDA Reconciliation
UNDERLYING EBITDA RECONCILIATION FY24 FY231 (A$m) (A$m) Net profit / (loss) after tax (44.1) (22.0) Add: finance costs 92.0 73.1 Less: interest income (32.6) (11.0) Add: income tax expense 7.8 2.4 Add: depreciation and amortisation 167.7 140.1 EBITDA 190.7 182.7 Add: early-stage international operat
Slide 30: Case Study
CASE STUDY NEXTDC © Copyright 2024 | FY24 Results Presentation 30
Slide 31: Case Study: Victoria
CASE STUDY: VICTORIA M3 goes M2 land live to 120MW Highlights 60 Contracted utilisation M2 land to Billing utilisation 100MW ▪ M2 Melbourne expansion 50 Built capacity accelerated and incremental M1 land and M3 150MW land bank secured as recent buildings re- site acquired 40 acquired M2 land to cont
Slide 32: 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 33: 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 2024 | FY24 Results Presentation 33
Slide 34: Where A.I. Thrives
-age0po- Uso NEXTDC Where A.|. Thrives™