New Era Energy & Digital (NUAI) investor relations material

Executive summary

• Secured key construction permits and land for TCDC, enabling imminent site grading and reducing project risk, with a focus on de-risking through regulatory compliance and community engagement.

• Increased combined gross capacity for Phases 1 & 2 to 757 MW, supported by a Phase 2 air permit application and advanced PPA negotiations for direct power control.

• Leadership team expanded with experienced executives in data center and infrastructure, including a new Chairman & CEO.

• Strategic pivot from legacy natural gas to data center development, acquiring full ownership of TCDC and evaluating legacy assets for monetization or exit.

• Community engagement and support emphasized, with local programs and transparent development approach.

Financial highlights

• Ended Q2 2026 with $84.8 million in cash, cash equivalents, and restricted cash, and $270 million undrawn from the $290 million Macquarie facility.

• Phase 1 equity requirements fully covered by existing cash and available facility capacity.

• Revenue for Q2 2026 was $36,497, down 82.5% year-over-year; net loss was $20.4 million, with increased operating expenses due to stock-based compensation and legal costs.

• Working capital surplus of $82.9 million as of June 30, 2026.

Outlook and guidance

• Targeting phase one power availability and operations by Q4 2027, with phased campus expansion toward 1.4 GW and modular, behind-the-meter deployment.

• Management expects cash requirements of $25–30 million over the next twelve months, with potential increases if binding agreements are executed.

• Near-term CapEx for the flagship project could range from $50–300 million, with total project costs potentially exceeding $15 billion over time.

• Exploring both stick build and modular data center options to optimize delivery timelines.