DUG Technology (DUG) AGM Presentation 2024 summary

Key markets and business segments

• Oil & Gas remains the primary revenue driver, leveraging advanced technology for client decision-making and discoveries.

• National Security & Space opportunities are expanding, utilizing expertise in numerical data, software, and HPC.

• Enterprise demand for HPC is rising, with agreements in education, research, and applied science sectors.

Products, services, and revenue breakdown

• Geo-Services, including seismic processing and imaging, contributed 84% of FY24 revenue.

• Geo-Software, such as DUG Insight for analytics, accounted for 11% of FY24 revenue.

• HPCaaS provided 5% of FY24 revenue, offering compute and storage solutions.

• DUG Nomad and DUG Cool represent emerging business lines with significant market potential.

Recent highlights and growth initiatives

• FY24 saw strong organic growth, especially in Services, with 33% of revenue from MP-FWI Imaging projects.

• Elastic MP-FWI Imaging added to the product suite, supported by new hardware investments.

• New business unit launched to commercialize DUG Nomad technology, with momentum building.

• Royalty agreement signed for immersion cooling patent, and a successful capital raise completed.