Slides
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Citi Australia Conference 20 October 2026
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0, 129, 200 29, 43, 61 0, 0, 0 0, 209, 224 233, 88, 20 161, 168, 179 61, 111, 145 Heading / Sub-heading Font Trebuchet MS Main Body / footnote Font Helvetica 1 1 Recently announced 71MW contract is a major milestone, validating DGT’s targeted capital allocation strategy announced in Feb-26 Over the past 9 months, this strategy has been executed with over ~A$1bn of U.S asset sales, enabling DGT to fully fund the SYD1 project and accelerate contracting well ahead of the original business plan Key Highlights ✓ 15-year contract1 with a global technology firm ✓ Investment grade credit backing ✓ SYD1 now 100% contracted across 88MW ✓ SYD1 project fully funded with no new equity required ✓ All planning approvals received and power and water secured ✓ Builder (Shape) appointed on fixed price lump sum D&C contract ✓ SYD1 expected to deliver attractive double-digit YOC ✓ Pathway to $250m Australian Platform Stabilised EBITDA2 SYD1 Project is now 100% contracted across 88MW after securing a landmark 71MW contract Notes: 1. Subject to satisfaction of customary conditions and approvals. 2. Australian Platform Stabilised EBITDA represents management's estimate of annualised EBITDA once SYD1 and ADL1 reach stabilised occupancy and all contracted capacity is online and billing. SYD1 Fully Contracted Ahead of Schedule 15-year contract1 with a global technology firm, backed by investment grade credit support
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0, 129, 200 29, 43, 61 0, 0, 0 0, 209, 224 233, 88, 20 161, 168, 179 61, 111, 145 Heading / Sub-heading Font Trebuchet MS Main Body / footnote Font Helvetica 2 2 21 41 108 52 15 FY25 AU Billing Capacity FY26 AU Billing Capacity Signed LOIs ADL1 Brownfield Project FY28 AU Billing Capacity Greenfield Opportunities Pathway to $250m Stabilised EBITDA Identified capacity underpins a pathway to ~$250m of Australian Platform Stabilised EBITDA3 Australian Billing Capacity (MW)1 +95% Notes: 1. End of period billing capacity. 2. Subject to satisfaction of customary conditions and approvals. 3. Australian Platform Stabilised EBITDA represents management's estimate of annualised EBITDA once SYD1 and ADL1 reach stabilised occupancy and all contracted capacity is online and billing. 2 Targeted to be online and billing by the end of FY28 Estimated ~$1.2bn of capex over FY27 – FY28 To convert to billing capacity over FY27 and FY28 ~$250m Australian Platform Stabilised EBITDA3 SYD1 100% leased2
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0, 129, 200 29, 43, 61 0, 0, 0 0, 209, 224 233, 88, 20 161, 168, 179 61, 111, 145 Heading / Sub-heading Font Trebuchet MS Main Body / footnote Font Helvetica 3 3 Executing the fully contracted, fully funded SYD1 88MW Project De-risked development pathway: planning approved, power and water secured, 20MW delivered and 52MW expansion underway KEY DEVELOPMENT MILESTONES & EXPANSION PROGRAM 1H 2H ✓ SSDA approval for full 88MW Project ✓ 88MW Project design and Early Contractor Involvement (“ECI”) completed ✓ 20MW Project completed ✓ Laing O’Rourke appointed as integrated delivery partner for the 52MW expansion ✓ 52 MW Fixed price lump sum D&C contract executed with Shape Australia ▪ Structural works targeted to be completed and halls progressively ready for energization ▪ First 10MW targeted to be energised and income-producing in late Q4 FY27 ▪ Balance of 52MW expansion delivered progressively over FY28, aligned to customer requirements ▪ Full 88MW Project targeted for completion by the end of FY28 FY26 FY27 FY28 Planning Approved, Powered and Water secured Fully Contracted Fully Funded
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0, 129, 200 29, 43, 61 0, 0, 0 0, 209, 224 233, 88, 20 161, 168, 179 61, 111, 145 Heading / Sub-heading Font Trebuchet MS Main Body / footnote Font Helvetica 4 4 SYD1 fully funded with $1.2bn of proforma liquidity Capital recycling has enabled DGT to fully fund and accelerate its SYD1 Project $m, unless otherwise stated Jun-26 Pro Forma8 Jun-26 Debt Summary Facility limit (bank debt) 1,631 2,144 Drawn debt1 1,123 1,835 Net debt2 474 1,630 Weighted average tenor (years)3 2.6 years 3.0 years Liquidity Cash at bank 676 206 Senior facility undrawn 500 309 Cash and undrawn debt 1,176 515 Key Debt Metrics Gearing4 18.5% 38.9% Debt hedged 100% 100% Weighted average debt cost (% p.a.)5 6.0% 6.0% Commentary ▪ SYD1 development cost fully funded by pro-forma liquidity ▪ Upsized capex facility from $300m to $500m ▪ Total liquidity (cash and undrawn debt) $706m ▪ Pro-forma liquidity of $1.2bn6 post US asset sales. Net equity proceeds expected to be ~$470m ▪ Gearing of 39% or 18%7 on a pro-forma basis ▪ Interest rate exposure fully hedged as at Jun-26 at 6.0% effective cost ▪ First debt maturity in FY29 Notes: 1. Jun-26 assumes an exchange rate of 0.69 AUD/USD. 2. Net debt includes total borrowings (excluding unamortised establishment costs) less cash and cash equivalents. 3. Weighted average debt tenor has been calculated based on the maturity dates of individual facilities, weighted by each facility’s committed amount and assumes options to extend are exercised. 4. Gearing is defined as borrowings (excluding unamortised establishment costs) less cash and cash equivalents divided by total assets excluding cash and cash equivalents. 5. Excludes interest income and includes undrawn commitment fees. 6. Pro-forma based on cash as at 30 June 2026, senior undrawn debt facilities (including additional capacity from a facility upsize completed post 30 June 2026) and anticipated net equity sale proceeds from US Asset Sales (after repayment of gross debt, and subject to selling and transaction costs and completion adjustments); assumes 0.71 AUD/USD exchange rate. 7. Pro-forma basis using net debt as at 30 June 2026 adjusted for anticipated net equity sale proceeds from US Asset Sales (after repayment of gross debt, and subject to selling and transaction costs and completion adjustments); assumes 0.71 AUD/USD exchange rate. 8. Jun-26 Pro Forma reflects the US Asset Sales, after repayment of gross debt and subject to selling and transaction costs and completion adjustments; assumes an AUD/USD exchange rate of 0.71.
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0, 129, 200 29, 43, 61 0, 0, 0 0, 209, 224 233, 88, 20 161, 168, 179 61, 111, 145 Heading / Sub-heading Font Trebuchet MS Main Body / footnote Font Helvetica 5 5 Outlook and guidance FY27 Underlying EBITDA guidance of $120 – 125m $120 – 125m FY27 Underlying EBITDA 15.0c FY27 DPS ▪ FY27 Underlying EBITDA is expected to be $120 – 125m, inclusive of 2 months of CHI1 EBITDA − Excluding CHI1, FY27 Underlying EBITDA is expected to be between $110 – 115m, representing 15 – 21% growth on a FY26 like-for-like basis ▪ Guidance incorporates minimal contribution from the 52MW expansion at SYD1 (first 10MW expected to be operational in late Q4 FY27) ▪ Capex in FY27 expected to be $300 – 500m, largely driven by SYD1 capacity expansion and expected to be 2H weighted − To be funded from existing cash reserves and undrawn debt facilities ▪ Distributions in FY27 expected to total 15.0 cents per security (25% growth on FY26) − Over the medium term, DGT expects to maintain its distribution policy of paying out 90 – 100% of FFO $300 – 500m Growth capex Notes: Guidance assumes 0.71 AUD/USD exchange rate.
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0, 129, 200 29, 43, 61 0, 0, 0 0, 209, 224 233, 88, 20 161, 168, 179 61, 111, 145 Heading / Sub-heading Font Trebuchet MS Main Body / footnote Font Helvetica 6 6 Contacts Authorised for release by the Company Secretary of HMC Digital Infrastructure Ltd Level 31, 1 Macquarie Place, Sydney NSW 2000 Investors and Analysts Media Renee Jacob Head of Investor Relations +61 407 328 092 renee.jacob@hmccapital.com.au Jim Kelly Corporate Communications +61 412 549 083 jim.kelly@sodali.com
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0, 129, 200 29, 43, 61 0, 0, 0 0, 209, 224 233, 88, 20 161, 168, 179 61, 111, 145 Heading / Sub-heading Font Trebuchet MS Main Body / footnote Font Helvetica 7 7 Important notices & disclaimer This presentation (Presentation) is dated 21 August 2026 and has been prepared by HMC Digital Infrastructure Ltd (ACN 682 024 924) (DigiCo StapleCo) in respect of DigiCo Infrastructure REIT (ASX: DGT), a stapled entity comprising DigiCo StapleCo and Equity Trustees Limited (ACN 004 031 298; AFSL: 240975) as responsible entity for HMC Digital Infrastructure Trust (ARSN 682 160 578) (DigiCo Trust, and together with DigiCo StapleCo, is referred to in this Presentation as DigiCo REIT). Nature of information This Presentation is for information purposes only and is a summary only. The content of this Presentation is provided as at the date of this Presentation (unless otherwise stated). Reliance should not be placed on information or opinions contained in this Presentation and, subject only to any legal obligation to do so, DigiCo REIT does not have any obligation to correct or update the content of this Presentation. Certain market and industry data used in this Presentation may have been obtained from research, surveys or studies conducted by third parties, including industry or general publications. Neither DigiCo REIT nor its representatives or advisers have independently verified any such market or industry data provided by third parties or industry or general publications. Not personal financial product advice or offer This Presentation does not and does not purport to contain all information necessary to make an investment decision, is not intended as investment or financial advice (nor tax, accounting or legal advice) and must not be relied upon. Any decision to buy or sell securities or other products should be made only after seeking appropriate financial advice. This Presentation is of a general nature and does not take into consideration the investment objectives, financial situation or particular needs of any particular investor. The information in this Presentation does not purport to be complete, is provided solely for information purposes of giving you summary information and background about DigiCo REIT and its activities, current as at the date of this Presentation. DigiCo REIT is not licensed to provide financial product advice in relation to securities in DigiCo REIT and recommends that you obtain and read the disclosure document of DigiCo REIT before making a decision to acquire securities in DigiCo REIT. No cooling off regime applies in relation to the acquisition of securities in DigiCo REIT. Any investment decision should be made solely on the basis of your own enquiries. Before making an investment in DigiCo REIT, you should consider whether such an investment is appropriate to your particular investment objectives, financial situation or needs. This Presentation is for information purposes only and is not a prospectus, product disclosure statement or other offering document under Australian law or any other law (and will not be lodged with the Australian Securities and Investments Commission (ASIC) or any other foreign regulator). This Presentation is not, and does not constitute, an invitation or offer of securities for subscription, purchase or sale in any jurisdiction. The distribution of this Presentation in jurisdictions outside Australia may be restricted by law and you should observe any such restrictions. Any failure to comply with such restrictions may constitute a violation of applicable securities laws. In particular, this Presentation may not be distributed or released in the United States. Securities in DigiCo REIT may not be offered or sold in the United States unless such securities are registered under the U.S. Securities Act of 1933, as amended (U.S. Securities Act) or in a transaction exempt from, or not subject to, the registration requirements of the U.S. Securities Act and any other applicable securities laws. Confidentiality This Presentation is confidential and not for further distribution. It is provided by DigiCo REIT on the basis that, by accepting this Presentation, persons to whom this Presentation is given agree to keep the information confidential, not copy the Presentation and not to disclose it, in whole or in part, to anyone within their organisation except on a need-to-know basis and subject to these restrictions, or to anyone outside their organisation. Financial information All financial information in this Presentation is in Australian dollars ($ or AUD) unless otherwise stated. This Presentation may include certain pro forma financial information. Any such pro forma historical financial information provided in this Presentation is for illustrative purposes only and is not represented as being indicative of DigiCo REIT’s views on its, nor anyone else’s, future financial position and/or performance. Any pro forma historical financial information has been prepared by DigiCo REIT in accordance with the measurement and recognition principles, but not the disclosure requirements, prescribed by the Australian Accounting Standards (AAS). In addition, the pro forma financial information in this Presentation does not purport to be in compliance with Article 11 of Regulation S-X of the rules and regulations of the U.S. Securities and Exchange Commission, and such information does not purport to comply with Article 3-05 of Regulation S-X. Investors should be aware that certain financial measures included in this Presentation are ‘non-IFRS financial information’ under ASIC Regulatory Guide 230: ‘Disclosing non-IFRS financial information’ published by ASIC and also ‘non- GAAP financial measures’ within the meaning of Regulation G under the U.S. Securities Exchange Act of 1934, as amended, and are not recognised under AAS and International Financial Reporting Standards (IFRS). Such non-IFRS financial information/non-GAAP financial measures do not have a standardised meaning prescribed by AAS or IFRS. Therefore, the non-IFRS financial information may not be comparable to similarly titled measures presented by other entities, and should not be construed as an alternative to other financial measures determined in accordance with AAS or IFRS. Although DigiCo REIT believes these non-IFRS financial measures provide useful information to investors in measuring the financial performance and condition of its business, investors are cautioned not to place undue reliance on any non-IFRS financial information/non-GAAP financial measures included in this Presentation. Certain figures, amounts, percentages, estimates, calculations of value and fractions provided in this Presentation are subject to the effect of rounding. Accordingly, the actual calculation of these figures may differ from the figures set out in this Presentation.
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0, 129, 200 29, 43, 61 0, 0, 0 0, 209, 224 233, 88, 20 161, 168, 179 61, 111, 145 Heading / Sub-heading Font Trebuchet MS Main Body / footnote Font Helvetica 8 8 Past performance Past performance and any pro forma financial information given in this Presentation, is given for illustrative purposes only and should not be relied upon as (and is not) an indication of DigiCo REIT’s views on its future financial performance or condition. Past performance of DigiCo REIT cannot be relied upon as an indicator of (and provides no guidance as to) the future performance of DigiCo REIT. Nothing contained in this Presentation nor any information made available to you is, or shall be relied upon as, a promise, representation, warranty or guarantee, whether as to the past, present or future. Future performance and forward-looking statements Statements in this Presentation are made only as at the date of this Presentation and the information in this Presentation remains subject to change without notice. This Presentation contains certain “forward-looking statements”. The words “forecast”, “target”, “future”, “pro forma”, “expect”, “anticipate”, “estimate”, “intend”, “believe”, “guidance”, “should”, “could”, “may”, “will”, “predict”, “proposed”, “plan” and other similar expressions are intended to identify forward-looking statements. Indications of, and guidance on, future earnings and financial position and performance of DigiCo REIT are also forward-looking statements. Forward-looking statements, opinions and estimates provided in this Presentation are based on assumptions and contingencies that are subject to change without notice and involve known and unknown risks and uncertainties and other factors that are beyond the control of DigiCo REIT, its directors and management. This includes statements about market and industry trends, which are based on interpretations of current market conditions. You are strongly cautioned not to place undue reliance on forward-looking statements, particularly in light of the current economic climate and geopolitical tensions, including armed conflicts and wars in various regions and escalating global trade tensions. Forward-looking statements are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. Actual results, performance or achievements may differ materially from those expressed or implied in such statements and any projections and assumptions on which these statements are based. In particular, cost-related information, such as yield on cost, are targets based on management estimates and there is no guarantee that such results will be achieved in the future. These statements may assume the success of DigiCo REIT’s business strategies. The success of any of those strategies will be realised in the period for which the forward-looking statement may have been prepared or otherwise. Readers are cautioned not to place undue reliance on forward-looking statements and except as required by law or regulation, none of DigiCo REIT, its representatives or advisers assumes any obligation to update these forward-looking statements. No representation or warranty, express or implied, is made as to the accuracy, likelihood of achievement or reasonableness of any forecasts, prospects, returns or statements in relation to future matters contained in this Presentation. The forward-looking statements are based on information available to DigiCo REIT as at the date of this Presentation. Except as required by law or regulation (including the ASX Listing Rules), none of DigiCo REIT, its representatives or advisers undertakes any obligation to provide any additional or updated information whether as a result of a change in expectations or assumptions, new information, future events or results or otherwise. Indications of, and guidance or outlook on, future earnings or financial position or performance are also forward-looking statements. To the maximum extent permitted by law, DigiCo REIT, its related bodies corporate and affiliates, and their respective officers, directors, employees, agents and advisers disclaim all responsibility and liability (including, without limitation, any liability arising from fault, negligence or negligent misstatement) for any direct, indirect, consequential or contingent loss or damage arising from this Presentation or reliance on anything contained in or omitted from it or otherwise arising in connection with this Presentation. Important notices & disclaimer (cont’d)