DXN (DXN) Investor Presentation summary

Capital raising and financial restructuring

• Raised A$6.5m via a two-tranche institutional placement, issuing ~92.9m new shares at $0.07 each, with discounts to recent trading prices.

• Pure Asset Management agreed to restructure its $4m loan, reducing principal to $2m, converting $1m debt and a $222k fee into equity, and easing financial covenants and security requirements.

• Proceeds will fund Darwin property upgrades, modular data centre innovation, partial loan repayment, and working capital.

• Post-raise, ordinary shares on issue will increase to 297.2m, with 27.3m convertible securities outstanding.

Business overview and market positioning

• Specializes in prefabricated modular data centres and operates regional edge data centres in Darwin and Hobart.

• Differentiated by rapid deployment, technical capability, and strong customer relationships with blue-chip clients in mining, government, and global internet sectors.

• Over 80 modular data centres deployed globally, with 21 delivered in FY24.

• FY24 revenue from Darwin and Hobart data centres was $2.5m with $1.3m EBITDA.

Financial performance and outlook

• FY24 group revenue reached $10.8m (up from $6.58m in FY23), with group EBITDA of $0.6m and underlying EBITDA of $1.2m.

• $12.4m in module orders won in FY24, a 302% increase over FY23, and $8.9m work in hand for FY25.

• FY25 revenue guidance is $16m with positive EBITDA anticipated, supported by recurring data centre revenue and new modular orders.

• Introducing DCaaS (data centres as a service) and investing in high-density modules for AI industry growth.