Dxn Ltd. · ASX:DXN
Dxn — Q1 FY27 Earnings Presentation
26 slides from Dxn's earnings presentation, Oct 30, 2026
Slide 1: Q1 FY27 Presentation
Q1 FY27 Presentation DXN Limited (ASX:DXN) 30 October 2026
Slide 2: A leading provider of prefabricated modular data centre solutions
A leading provider of prefabricated modular data centre solutions A vertically integrated manufacturer and operator of modular data centres. DXN designs, engineers, builds, deploys, operates and maintains high-quality facilities across three core markets. A decade of delivering mission-critical modu
Slide 3: Where DXN sits in the modular data centre landscape
Where DXN sits in the modular data centre landscape DXN builds and tests factory-made modules, cherry-picking the best equipment for each customer (operator), working with OEMs rather than competing against them. Operator System-integrator OEM Builds around the customer’s Vendor sells its own packag
Slide 4: Three focus product segments
Three focus product segments CLS are the bedrock of DXN, AI modules drive growth and StructCore opens a new volume channel 01 STEADY FOUNDATION 02 HIGH GROWTH 03 NEW MARKET Cable Landing Stations Hyperscale StructCore Prefabricated AI Factories (CLS) HAC TYPICAL CONTRACT SIZE LATEST CONTRACT TARGET
Slide 5: Q1 FY27 Update
INFRASTRUCTURE QI FY27 Update i DXN AT THE EDGE
Slide 6: Q1 AI industry dynamics
Q1 AI industry dynamics Capital keeps flowing into AI infrastructure, however the market now rewards execution. The binding constraints are power, people, approvals and construction capacity. Factory-built modular is the answer to three of the four. Power is the Social licence now Construction Capit
Slide 7: Maiden AI HPC contract update
Maiden AI HPC contract update A strategic shift by the customer is expected to result in the cancellation of the contract and the follow- on campus. DXN keeps the design, the relationships and will receive reimbursement. A$8.8m ~A$4.2m A$1.1m ~A$0.2m Payable on cancellation Original contract, announ
Slide 8: Second AI HPC contract: A$12.2m turnkey 2MW data centre
Second AI HPC contract: A$12.2m turnkey 2MW data centre Signed in August 2026 with an AI compute operator, and the first phase of a potentially larger deployment. Turnkey delivery Design, manufacture, delivery and commissioning of a 2MW AI HPC modular data centre for an AI compute operator A$12.2m S
Slide 9: Expanding production footprint to meet rising demand
Expanding production footprint to meet rising demand Building out DXN’s manufacturing network. Q2 FY27 brings new production capacity online, complementing the existing WA facility. • 3 additional permanent sites, to be ~6x operational by the end of Q2 FY272 Capacity 1 • Capital-light approach being
Slide 10: Scaling manufacturing across Australia and Southeast Asia
Scaling manufacturing across Australia and Southeast Asia A capital-light rollout of three new permanent manufacturing sites, designed to scale with customer demand. Jakarta, Welshpool, WA Seven Hills, NSW Southern, NSW Johor, Malaysia Perth Sydney East coast DXN Asia Sdn Bhd Indonesia SSDXN JV OPER
Slide 11: Q1 FY27 Financials
Q1 FY27 Financials • ~$3.4 million Q1 FY27 revenue, up ~380% on pcp, comprised of: $3.4 million o Modular revenue ~$2.9 million Q1 FY27 Revenue o Data Centre Operations revenue ~$0.4 million o DCaaS revenue ~$0.1 million $6.4 million • Cash balance of $6.4 million as at 30 September 26 (30 Cash bala
Slide 12: ~380% increase in Q1 revenue highlights customer demand
~380% increase in Q1 revenue highlights customer demand $18.0m Revenue by Quarter $16.0m $16.0m • Q1 FY27 revenue of ~$3.4 million, up ~380% $14.0m on the prior corresponding period ($0.7 $5.8m million1), driven by: $12.0m $10.9m $10.7m $11.0m ▪ Previously deferred modular projects progressing throu
Slide 13: Strengthened backlog underpins FY27 growth
Strengthened backlog underpins FY27 growth Cash position supports delivery of the projects secured in the backlog $45M $19.3M $40M ($3.4M) $35M $30.8M $30M ($8.6M) 1 $25M $23.5M $20M $15M $10M $5M $0M Orders & variations Maiden neo-cloud Backlog 30 Jun 26 Revenue recognised contract removal Backlog
Slide 14: Cash position and customer receipts
Cash position and customer receipts Cumulative cash receipts vs. revenue $50.0m • Cash balance of ~$6.4 million at 30 September 2026 (30 June 2026: $11.0 million) $45.0m o $11.1 million (as at 28 October 2026), $40.0m following receipt of delayed customer payments $35.0m • Net operating cash flow of
Slide 15: Outlook
Outlook
Slide 16: Future growth underpinned by robust identified pipeline
Future growth underpinned by robust identified pipeline • The current identified pipeline consists of 93 projects (Q4 FY26: 99), with 12 opportunities (13%) in final negotiations or verbal win/contracting, following the conversion of several opportunities into contracted backlog • Pipeline includes
Slide 17: FY27 Outlook
FY27 Outlook DXN enters the remainder of FY27 with backlog of approximately $30.8 million which is expected to deliver $11.0 million in 1H FY27 revenue Near term priorities • Disciplined delivery of projects, on time and on budget. Conversion of backlog into revenue and cash. • Continuing to execute
Slide 18: Appendix
; qW —— 7 : ee a Kai rt sity ena ; INFRASTRUCTURE Appendix i DXN AT THE EDGE
Slide 19: End-to-end business model - leveraged to high-growth infrastructure sectors
End-to-end business model - leveraged to high-growth infrastructure sectors Segment Core Offering Typical Customer Business Model Custom prefabricated Telcos, hyperscale Modular Division units (2–500 racks), operators, governments Turnkey build and sale designed for Tier III/IV Data Centre Facility
Slide 20: Diverse, high-quality & growing customer base underpins long term growth
Diverse, high-quality & growing customer base underpins long term growth Mining Energy & Gas Telco Cable Landing Station(CLS)/ Satellite Government and Defence Data centres 15 Hyperscalers Global internet Industries company represented 20
Slide 21: The industry is facing critical problems that DXN's solution addresses
The industry is facing critical problems that DXN’s solution addresses Prefabrication of data centres is not a new phenomenon however the supply challenges facing the industry are driving a dramatic shift towards prefabrication in order to meet demand AI Industry Challenges DXN’s Solution • Customer
Slide 22: What does this mean for DXN?
What does this mean for DXN? The shift in both industry demand and the supply response has driven a step change in DXN’s business model Increased collaboration Increased with customers Benefits of scale contract value • DXN is increasingly being • Bespoke, increasingly • Customer led demand has enga
Slide 23: DCaaS segment drives future recurring revenue
DCaaS segment drives future recurring revenue DCaaS – a capital light, facility as a service model • Includes design, engineering and deployment of data centres and ground stations: o development of bespoke data centres or cabinet solutions for each customer. o Designed and prefabricated by DXN, the
Slide 24: DXN's AI HPC modules
DXN’s AI HPC modules A next-generation modular approach to high-density, mission-critical AI infrastructure • Provides customers with a fully integrated, factory-built AI ready module Measurable benefits • Replaces traditional bespoke construction with a fully productised, factory-built data centre
Slide 25: Disclaimer
Disclaimer FORWARD LOOKING STATEMENTS This presentation has been prepared by DXN Limited (ACN 620 888 Certain statements contained in this presentation, including information as to 548) (DXN or Company). the future financial or operating performance of the Company and its assets, are forward looking
Slide 26: Thank you
Thank you For more info visit dxn.solutions or email [email protected]