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DXN LIMITED 21 November 2025 2025 AGM PRESENTATION For personal use only
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Chair Address For personal use only
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8 A leading provider of prefabricated modular data centre solutions DXN is a vertically integrated manufacturer and operator of modular data centres in Asia Pacific. DXN designs, engineers, manufactures, deploys, operates, and maintains high-quality modular data centres across three core markets. Modular Division Projects based business incorporating the design, engineering, manufacturing, and deployment of prefabricated data centres globally. Offers customers a relatively lower investment alternative which is flexible and scalable ~85% of FY25 revenue Data Centre Operations Owns, operates and maintains critical data centres infrastructure in Darwin & Hobart with 75 racks and 35 racks respectively ~ 12% of FY25 revenue Data Centre as a Service (DCaaS) Capital light, facility as a service model including design, engineering and deployment of data centres and ground stations Established in Q4 FY25 – combines parts of the Modular Division with Data Centre Operations ~ 3% of FY25 revenue For personal use only
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9 FY25 underscored DXN’s strategic position * EBITDA (underlying) excludes net interest, share issue, and non-cash LTIP costs for former KMPs, depreciation and amortisation, asset impairment and restructuring costs for Sydney data centre. Revenue $16.0m 49% (FY24: $10.8m) Gross Profit $5.4m (7.9)% (FY24: $5.9m) Underlying EBITDA* $0.8m (33.2)% (FY24: $1.3m) NTA per share 0.67cps 136% (FY24: (1.84)cps) Cash position $3.12m 4.7% (FY24: $2.98m) For personal use only
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CEO Address For personal use only
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11 Growth momentum underpinned by industry tailwinds Globally diversified & high-quality client base across various industries Increasing demand for Data Centres and Modular Vertically integrated with scalable differentiated product Leveraged to high- growth industries, with reliance on reliable infrastructure Experienced in-house team from design to engineering Robust Backlog and Pipeline supports FY26 revenue growth Rising global demand for distributed, low-latency infrastructure driven by AI, IoT and cloud expansion. For personal use only
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12 FY25 Highlights • Strategic contracts won with global companies: o Globalstar o DP World o Stanmore Coal • DCaaS segment established in Q4: o First contract won, valued at $3.6m • Finalised $2.1 m acquisition of the SDC Darwin property, delivering an immediate benefit, with the property independently valued at $10.1 m. • Refinanced debt on more competitive terms via a $5.0 million loan facility with iPartners $13.1 million Modular revenue $6.5 million Capital Raise (Oct 25) $3.1 million Closing cash balance1 $16.0 million FY25 Revenue, 49% increase Notes: 1. 30 June 2025 For personal use only
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13 DCaaS Update • Development Application approval was received on 5 August, marking a key regulatory milestone. • The completion and dispatch of the genset and cabinets from Welshpool to the Darwin site represent a major milestone, demonstrating strong execution and continued alignment with delivery timelines. • The project remains on schedule, with internet and power connections scheduled for completion by the end of October, marking achievement of the site completion milestone. • Project handover to the client, enabling installation of customer equipment, is scheduled for early November. • DCaaS recurring service fees are commenced in November 2026, establishing a sustainable new stream of recurring revenue. For personal use only
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14 $1.8m $3.0m $0.9m $2.8m $4.8m $2.5m $2.5m$3.8m $5.8m $.0m $2.0m $4.0m $6.0m $8.0m $10.0m $12.0m $14.0m $16.0m $18.0m FY24 FY25 FY26 Revenue by Quarter Q1 Q2 Q3 Q4 FY26 Revenue growth, weighted to 2HFY26 • Q1 FY26 revenue of $0.9 million, a decrease of ~(69.0)% on pcp • Decrease in revenue driven by delay in progress on existing contracts Unprecedented occurrence with simultaneous project deferrals from 3 large customers Project activity resuming and milestones scheduled for the coming quarters Revenue is expected to strengthen as deferred work is delivered • FY26 backlog 1 of $13.7 million: o FY26 Modular Backlog of $8.0m • A healthy pipeline of 75 identified projects (as at 14 October 2025). • Actively pursuing opportunities in core segments including the DCaaS space. • FY26 revenue growth, weighted to 2HFY26 $10.9m $16.0m $13.7m Backlog1 Notes: 1. Includes AP Telecom contract of $1.8 million announced 3 November 2025 For personal use only
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FY26 Outlook FY26 revenue growth expected, weighted towards 2HFY26 • $13.7m Backlog1 underscores FY26 revenue growth • $1.8 million contract with APTelecom win secured in Q2 • Actively pursuing opportunities in core segments and newly entered high- growth areas • Focus on broadening DCaaS offering to improve revenue profile, via recurring nature of projects • Focused on expanding relationships with new and existing clients, deepening engagement across service offerings. • Growth through innovation - scaling StructCore, developing AI-enabled products and hyperscale applications. 1. Includes APTelecom contract of $1.8 million announced 3 November 2025 For personal use only
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THANK YOU For more info visit dxn.solutions or email info@dxn.solutions For personal use only