NEXTDC (NXT) Investor presentation summary

Transformational business update

• Achieved a record 250MW increase in contracted utilisation at S4, raising pro forma contracted utilisation by 60% to 667MW as of 31 March 2026.

• Pro forma Forward Order Book surged 83% to 544MW, reflecting strong AI-driven demand and market leadership in advanced compute environments.

• Contracted EBITDA from existing utilisation and Forward Order Book is expected to exceed A$1.0bn, over four times FY26 EBITDA guidance.

• Accelerated S4 development with a planned A$1.5bn investment through FY27 to meet delivery requirements.

• Positioned to capture long-term value through shovel-ready projects and access to capital.

Funding and entitlement offer

• Launching a fully underwritten 1 for 5.4 pro-rata accelerated non-renounceable entitlement offer to raise ~A$1.5bn at A$12.70 per share, an 8.6% discount to TERP.

• Hybrid Securities Offer increased to A$1.7bn, with La Caisse providing an incremental A$0.7bn commitment.

• Pro forma liquidity expected to reach ~A$5.9bn as of 30 June 2026, fully funding forecast capex to 30 June 2027.

• Additional capital initiatives include ~A$1.5bn in senior debt, wholesale notes, and potential JVCo partnerships for S4 and S7.

• Entitlement Offer is fully underwritten, with institutional and retail components, and new shares will rank equally with existing shares.

Growth projects and capital deployment

• Major projects include S4 Sydney (350MW total, 250MW in progress), M3 Melbourne (225MW total, 185MW in progress), and M4 Melbourne (150MW planned, 10MW initial phase).

• S4 and S7 sites in Western Sydney are positioned for future JVCo capital partnerships, with value maximised as customer commitments and milestones are achieved.

• Capex guidance for FY26 increased to A$2.7–3.0bn, with FY27 forecast capex at ~A$5.0bn.

• Forward Order Book expected to convert to billing utilisation, revenue, and EBITDA progressively through FY30.