FY24 Results Presentation

• Significant improvement in unit price driven by valuations and more certainty around realisation
• Malaga Data Centre settled in June for $39M providing net cash proceeds of $14M
• ETIX Everywhere sale contract executed in May 2024 with proceeds expected in September of $175M

Global Data Centre Group (ASX: GDC) reported its FY24 results, highlighting a significant improvement in unit price driven by valuations and more certainty around realisation. The company settled the sale of the Malaga Data Centre in June for $39M, providing net cash proceeds of $14M. Additionally, the company executed a sale contract for ETIX Everywhere in May 2024, with proceeds expected in September of $175M, representing a gain from capital invested of approximately $87M or ~2X MOIC. The company also noted that the potential sale of AirTrunk seems well progressed, although no firm details on timing or quantum were provided. The audited statutory NAV increased to $2.59 per unit from $2.13 at June 2024, representing an increase of 22% per unit. The statutory NAV does not include any performance fee, as the crystalisation is still contingent on the settlement of asset sales and return of funds to unitholders. The company's financial position remains strong, with a cash position of $27.9M and lower borrowings after the repayment of Malaga debt.

The company expects the available proceeds from the divestment of ETIX and Malaga to be $1.80 - $2.00 per unit, which are expected to be distributed in late H1FY25. There is no clear timetable for any potential AirTrunk proceeds.

The company will work with the Specialist Administrator and Responsible Entity to determine residual obligations and appropriate hold back obligations for the completion of the realisation process. The Manager/RE and ASX will consider the next steps for the listed vehicle, including the timetable for distributions and returns.