Data#3 (DTL) AGM 2024 summary

Opening remarks and agenda

• Chair welcomed shareholders to the hybrid AGM, introduced the board and executive team, and confirmed a quorum was present for the meeting, outlining five resolutions for consideration.

• Outlined meeting procedures for both in-person and virtual attendees, including voting and Q&A processes.

Board and executive committee updates

• Noted board succession, with the chair completing his first year and a non-executive director retiring; recruitment for a replacement is underway.

• CEO transition completed smoothly, with Brad Colledge taking over after a long-serving predecessor stepped down.

• Chair is reducing other board commitments to prioritize this role.

Financial performance review

• Achieved record gross sales of AUD 2.8 billion, up 7.6%, and net profit before tax of AUD 62.1 million, up 16.6%.

• Earnings per share rose 16.9% to AUD 0.28; fully franked dividend increased 16.4% to AUD 0.255 per share.

• Strongest growth in software solutions, maintenance, and managed services; infrastructure solutions saw slower growth.

• Recurring business grew to 67% of revenue, with managed services and software solutions up 12% and 11% respectively.

• Balance sheet remains strong and debt-free; working capital normalized post-pandemic.