DXN (DXN) AGM 2024 Presentation summary

Business overview

• Manufactures and operates prefabricated modular and Edge data centres across Asia Pacific, with facilities in Darwin and Hobart.

• Provides design, engineering, manufacturing, deployment, and ongoing operations for data centres, serving telcos, subsea operators, government, and enterprise clients on long-term contracts.

Financial performance

• FY24 revenue reached $10.8m, up 64% from FY23, with underlying EBITDA of $1.2m and operating cashflow of $1.3m in 2H24.

• Cash position improved to $2.98m, a 135% increase from FY23.

• Darwin and Hobart data centres generated $2.5m in revenue and $1.3m EBITDA in FY24, with over $2m in recurring annual revenue.

Operational highlights

• Deployed 21 modular data centres in FY24, with over 80 PMDCs delivered globally since FY21.

• New module orders totaled $12.4m in FY24, a 202% increase from FY23, and FY24 revenue from modules was $8.2m, up 110% year-on-year.

• Exited Sydney data centre lease, unlocking $1.4m in annual savings over nine years.