ADISYN LTD — Investor Presentation 2021

Jul 20, 2021

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I N V E S T O R P R E S E N T A T I O N

DC TWO LIMITED (ASX: DC2) JULY 2021

COMPANY OVERVIEW

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DC Two currently operates two data centres that underpin our physical infrastructure and is upgrading Bibra Lake into a Tier III facility and ISO 27001 ISMS accredited cloud platform to secure enterprise customers.

Recurring revenue providing a strong underlying commercial foundation for the business, with the scope and strategy in place to scale.

WILL BE A WEST AUSTRALIAN FIRST*

TIER III ACCREDITATION EXPECTED H2 CY21

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In-house developed, high density and transportable data centre that enables quick and easy deployment in any location.

Australian first opportunity to locate ‘behind the meter’ at sustainable power generation sites for reduced energy costs and “green powered” service to Australian customers.

AUSTRALIAN FIRST

FIRST REVENUE ACHIEVED

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License and Software Asset Management tools specifically targeting Microsoft Cloud Service providers.

The software could provide DC Two with a high margin and scalable product with very little global competition.

AUSTRALIAN FIRST UNDER DEVELOPMENT

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INVESTOR PRESENTATION 2021 DC TWO

* Possible when ISO accreditation processes and auditing has been completed

CAPITAL STRUCTURE

	Options on issue (escrow for 24 months)2 Total Shares on issue Market Capitalisation @ $0.263 Enterprise Value (EV) @ $0.263 58,500,000 6,150,000 Circa$15.2m Circa$11.4m Cash Balance4 Circa$3.8m Shares subject to escrow from 24 months1 22,364,273 Approximately 33%of total shares held by management & board5 Top 20 hold approximately 57%of total shares5

DC2 SHARE PRICE YTD

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(1) Shares held by related party seed capitalists, including Directors and their associated entities, and promoters (2) Options comprise of Director Options, Staff Options and Lessor Options (3) Closing share price as at 16 July 2021 (4) Comprised of existing cash as at 31 March 2021 (5) As at 13 July 2021

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DC TWO

INVESTOR PRESENTATION 2021

MANAGEMENT & BOARD

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Justin Thomas

Managing Director

Successfully built and sold two startups including a software business sold to RP Data in 2007 and a data centre sold to Amcom (now Vocus) in 2012.

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Cameron McLean Non-Executive Chair

Over 20 years’ experience leading and managing a range of businesses, including HP, London based geo-technology company iBase Limited and CFO of multiple resource companies.

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Michael Travis

General Manager

Owned and operated two successful IT businesses, with a focus on delivering managed services and cloud platforms and held senior positions in multiple large corporations such as Mayne Nickless, Lend Lease and ADP.

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Blake Burton

Non-Executive Director

Extensive experience in the IT industry, having founded his own web hosting company which he took to a successful trade sale to Australia’s largest privately owned web host.

Mark Dignam Senior Technician

Founded one of Australia’s first ISPs and successfully sold same to iiNet, managed national ISP networks and first person in Australia to identify the Michelangelo virus.

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INVESTOR PRESENTATION 2020 DC TWO

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KEY ACHIEVEMENTS
SINCE IPO
INCREASED CASH RECEIPTS IN CONJUNCTION WITH BRINGING
TWO DATA CENTRES ONLINE WITHIN 7 MONTHS…
DATA CENTRES
CLOUD SERVICES
SOFTWARE
QUARTERLY MID-WEST
BIBRA LAKE
CASH RECEIPTS
(1) Cash receipts as announced to
$692k [1]
the market 29 April 2021 ONLINE &
ONLINE IN STAGE 1
REVENUE
$416k CONFIGURATION &
GENERATING
REVENUE GENERATING
Q2 FY21 Q3 FY21
EXPANDED SECURED A NUMBER OF DEVELOPING ADDITIONAL
SALES TEAM NEW RESELLER PARTNERS DATA CENTRE PROJECTS
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DEVELOPING ADDITIONAL DATA CENTRE PROJECTS

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INVESTOR PRESENTATION 2021 DC TWO

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GROWING REVENUE BASE

NON-RECURRING REVENUE

RECURRING REVENUE

Recurring revenue business model provides stable, predictable income and a high customer lifetime value.

Figures represent total net revenue | FY16 and FY17 figures are unaudited

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$1,400,000
$1,098,674
$818,954
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FY17
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FY16
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FY18
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$1,961,000
$1,856,000
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FY19
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FY20
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90.5% RECURRING REVENUE FY20 BIBRA LAKE TO EXPAND MW CAPACITY 15X FROM 0.2 MW TO 3MW

6 DC TWO INVESTOR PRESENTATION 2021

REVENUE GROWTH UNDERPINNED BY STRONG INDUSTRY TAILWINDS

(1) Frost and Sullivan (2) Deloitte Access Economics 2019 (3) Telsyte June 2020

GROWING DOMESTIC MARKET

The Australian data centre market is expected to grow to AUD$3.76Bn

in 2025[1] , and has resulted in a cumulative productivity benefit of $9.4 billion towards the Australian economy over the last 5 years.[2]

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COVID-19 DRIVING DEMAND

COVID-19 has pushed more users online and increased reliance on digital tools for remote working, remote learning, video conferencing and online shopping. This has led to a surge in demand for Australian data centre capacity and cloud services.

INDUSTRY RECOGNITION

45% of organisations are looking to increase cloud infrastructure spending in 2020, and 59% of Australian businesses have a “cloud first” policy.[3]

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7 DC TWO INVESTOR PRESENTATION 2021

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Osborne Park has the potential
to become DC Two’s disaster
recovery and backup site
OUR DATA
TIER II FACILITY TIER III FACILITY
CENTRES OSBORNE PARK BIBRA LAKE
Perth based Tier II data centre providing our Achieved Tier III design accreditation under previous ownership,
OVERVIEW: (predominantly) SMB and initial mid-market and expecting to re-achieve Tier III design accreditation and Tier
customer base with a high-quality local offering. III construction accreditation in H2 CY21.
DC Two brought the largely finished facility online in
Osborne Park has historically underpinned our
April 2021 in a Stage 1 configuration and is now in
physical infrastructure, power, networking and
OPERATIONAL PHASE: the process of re-applying for Tier III accreditation,
related services. The data center has now been
which will help secure government contracts, mid-
online for over 7 years with 100% uptime.
market and enterprise customers.
RACKS: 34 240 - 400
CAPACITY (MW): 0.2 3.0
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Achieved Tier III design accreditation under previous ownership, and expecting to re-achieve Tier III design accreditation and Tier III construction accreditation in H2 CY21.

RACKS: CAPACITY (MW):

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BIBRA LAKE UNLOCKS FUTURE GROWTH

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BIBRA LAKE REVENUE STREAMS
Cloud Services:
DC TWO CLOUD SERVICES Suite of DC Two’s cloud services
and management products
SYSTEMS MANAGEMENT
Managed Hosting:
Rental of DC Two servers that include
system, software & security management
DEDICATED SERVERS
NETWORK
Co-location:
Pure rental of DC Two’s data centre floor
space, data halls or empty racks with basic
power, cooling and environment. Customers
INFRASTRUCTURE CO-LOCATION purchase and manage their own servers
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POTENTIAL REVENUE GENERATED PER RACK

(Industry Average Colo c.$1600pm increasing to $50,000+ for Full Cloud Racks)

9 DC TWO INVESTOR PRESENTATION 2021

BIBRA LAKE DEVELOPMENT TIMELINE

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JAN FEB MAR APRIL MAY JUNE JULY AUG SEPT OCT NOV DEC
STAGE 1 DEVELOPMENT
STAGE 1 BUILD COMPLETE
STAGE 1 OPERATIONAL
1 [st] COLOCATION CUSTOMERS LIVE
Most recognised global
standard for data security
DC2 CLOUD PLATFORM INSTALLED
to detect and defend
against cyber-attacks
1 [ST] DC2 CLOUD CUSTOMERS LIVE
TIER 3 CONSTRUCTION
ISO 27001 ISMS CERTIFICATION
TIER III UTI TCDD DESIGN Will be the ONLY company in WA with
ACCREDITATION & TIER III UTI TCCF both a Tier III data centre & ISO 27001
CONSTRUCTED FACILITY ACCREDITATION accredited cloud platform
LAUNCH CLOUD SERVICES IN VIC/NSW
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* Existing DC Two customers migrated from Osborne Park Data Centre

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INVESTOR PRESENTATION 2021 DC TWO

Bibra Lake timeline is a guide only and subject to change.

BIBRA LAKE WILL TRANSFORM THE DC TWO BUSINESS

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West Australian First

DC Two will become the ONLY company in Western Australia with an Uptime Institute accredited Tier III data centre and ISO 27001 ISMS accredited cloud platform.

Revenue Growth

Completion of Bibra Lake will allow DC Two to transition resources from development into commercial activities to onboard enterprise customers for significant revenue growth.

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Value Inflection Event

Completing the data centre and achieving Tier III accreditation will be the biggest milestone in DC Two’s history.

Limited Future CAPEX Required Once Bibra Lake is fully operational the company anticipates only limited capital will be required to operate.

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DC TWO

INVESTOR PRESENTATION 2021

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MODULAR ECO-FRIENDLY DATA CENTRES

DC Two has developed a high density and transportable data centre that can be deployed ‘behind the meter’ at power generation sites .

Quick and easy deployment in any location.

Very high density - up to 40kw per rack for ALL racks.

Access to globally competitive power prices decreases the operational costs of running our data centers and increase margins.

ESG focus with significant opportunity to utilise wind, solar and other renewable power sources to offer a “green powered” service to Australian customers seeking more eco-credentials across their business.

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INVESTOR PRESENTATION 2021 DC TWO

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DC Two’s Modular unit being delivered to the Mid-West site

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First 160kW
Module
deployed
First
customers
online
Additional
modules to
be deployed
H2 CY21
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MID-WEST DATA CENTRE

• The Mid-West data centre site was initially seeded as the first of its kind in Australia to determine the viability of lower cost, higher density data centre hosting sites suitable for high performance compute activities.

• The Company has received very positive feedback from the market with regard to this type of offering.

• The Company has secured an initial customer and signed a Fixed Term Agreement to provide data centre co-location services for a cryptocurrency miner estimated to be a minimum of A$926,376 over 5 years .

• DC Two sees a large potential commercial opportunity to offer both local and international customers with access to globally competitive power prices which could decrease the operational costs of their data centre hosting while locating services within Australia.

• Commercial opportunities for the Mid-West data centre will also be pursued across other sectors including schools, universities and corporate entities who are seeking cost effective data centre solutions while also reducing their environmental impact.

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DC TWO

INVESTOR PRESENTATION 2021

NEW COLLIE DATA CENTRE

• A non-binding Memorandum of Understanding (MOU) has been signed with Cannaponics Limited to deploy data centres ‘behind the meter’ at their large-scale cannabis facility.

• Opportunity for DC Two to access the facility’s renewable power source for reduced data centre operational costs.

• Innovative new heat-recovery system under development to re-direct heat from servers which can be used to heat the Cannaponics greenhouses.

• The facility will be built using DC Modular modules, technology and IP to keep CAPEX spend low.

• Both companies have begun work towards preparing formal agreements with the goal to have data centre modules online by the end of 2021.

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DC TWO

Timeframe of data centre modules being installed on-site are subject to change as they will occur in line with Cannaponics staged development rollout

INVESTOR PRESENTATION 2021

ADDITIONAL MODULAR OPPORTUNITIES

VICTORIA DATA CENTRE

Under Non-Binding MoU to install modular units at a Bio-Gas site located in Victoria. Currently preparing agreements for land access and power purchase agreements. Opportunity to offer local businesses and customers based in Victoria with a low cost, eco-friendly data centre and cloud service.

The facility will be built using DC Modular modules, technology and IP to keep CAPEX spend low.

Aiming to be onsite before the end of 2021.

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INDIVIDUAL UNIT SALES

DC Two has received a number of inquires from potential customers looking to purchase individual stand-alone units.

While this currently is not a corporate and commercial priority, DC Two has begun advanced discussions with these potential customers and will investigate the commercial viability of this revenue stream.

Potential opportunity to sell stand-alone units to customers, locally and globally, requiring quick and easy data centre deployment in any location.

One of DC Two’s Modular units being constructed

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INVESTOR PRESENTATION 2021 DC TWO

HIGH QUALITY PEER GROUP

DC Two has ambitions to replicate the success of our high quality ASX peers

Circa $5.5bn

OFFERING:

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MARKET CAP
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Circa $1.4bn
Circa $275m
Circa $102m
MARKET CAP MARKET CAP MARKET CAP
Data Centres Data Centres Data Centres
Cloud Cloud Cloud
Communications Communications
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Circa $15.2m[1] MARKET CAP MARKET CAP Data Centres Data Centres Cloud Cloud Modular Data Centres Communications Software

Data Centres Data Centres Cloud Communications

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INVESTOR PRESENTATION 2021 DC TWO

Market capitalisation taken from ASX website dated 16[th] July 2021 (1) based on closing share price of $0.26 on 16[th] July 2021

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B L A K E B U R T O N NON-EXECUTIVE DIRECTOR – DC TWO

E: investors@dctwo.com.au

J U S T I N T H O M A S MANAGING DIRECTOR – DC TWO

E: investors@dctwo.com.au

DISCLAIMER

The information contained in this presentation has been prepared by DC Two Limited ACN 155 473 304 (Company).

This summary presentation was prepared with due care and attention and is current at the date of the presentation and should be read in conjunction with the Company’s Prospectus lodged with ASIC on or about 28 September 2020, a copy of which is available at the DC Two Website.

The information in this presentation is an overview and does not contain all information necessary for investment decisions. In making investment decisions in connection with any acquisition of securities, investors should rely on their own examination and consult their own legal, business and/or financial advisers.

This presentation is not an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any securities in the Company. This presentation has been made available for information purposes only and does not constitute a prospectus, short form prospectus, profile statement or offer information statement. This presentation is not subject to the disclosure requirements affecting disclosure documents under Chapter 6D of the Corporations Act 2001 (Cth). The information in this presentation may not be complete and may be changed, modified or amended at any time by the Company, and is not intended to, and does not, constitute representations and warranties of the Company.

The Company does not have a significant operating history on which to base an evaluation of its business and prospects. Therefore, the information contained in this presentation is inherently speculative.

The information contained in this presentation is strictly confidential and you must not disclose it to any other person. While the information contained in this presentation has been prepared in good faith, neither the Company or any of its directors, officers, agents, employees or advisors give any representation or warranty, express or implied, as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. Accordingly, to the maximum extent permitted by law, none of the Company, its directors, employees or agents, advisers, nor any other person accepts any liability whether direct or indirect, express or limited, contractual, tortuous, statutory or otherwise, in respect of, the accuracy or completeness of the information or for any of the opinions contained in this presentation or for any errors, omissions or misstatements or for any loss, howsoever arising, from the use of this presentation.

This presentation may contain statements that may be deemed “forward looking statements”. Forward risks, uncertainties and other factors, many of which are outside the control of the Company can cause actual results to differ materially from such statements. Such risks and uncertainties include, but are not limited to, Company specific and industry specific risks such as reliance on software, technology and systems, third parties for the supply of electrical power to its data centres, key personnel, customer relationships, partnership relationships, supplier and manufacturers, competition, construction, technological developments and intellectual property, as well risks associated with the Company’s ability to raise sufficient funds to meet the needs of the Company in the future, and other general risks.

The Company makes no undertaking to update or revise such statements but has made every endeavour to ensure that they are fair and reasonable at the time of making the presentation.

Investors are cautioned that any forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in any forward-looking statements made.