Investor Presentaiton

cat DATA CENTRES Market Growth Drivers Multiple drivers are underpinning future growth, aided by accelerated digital transformation • Increasing digitisation of business operations – remote working, data analytics etc "Always on" consumers driving growth in digital content, streaming, edge computing, etc • Data growing faster than the technology to compress the data . Data Growth/Digitisation • Outsourcing Cloud Adoption Policy Developments • • . • Development of the digital economy is underpinned by ever improving broadband connectivity, low latency cloud zones - all of which require data centres in close proximity The increasing volume of data usage and transmission in a 5G network will increase demand in data storage and drive further growth for data centres National self reliance and societal changes post the global pandemic Ongoing trend to bring compute to data The proportion of outsourced DCs increased from 7% in 2007 to 37% in 2019 based on floor space (Frost & Sullivan) and policy developments are set to increase this • Trend towards increased outsourcing is likely to continue, driven by requirements for higher security and lower operating costs Most in-house arrangements are inefficient and developing an equivalent performing in-house DC would require significant investment • In-house DCs often lack significant capacity for future expansion, where outsourced DC providers can facilitate readily available expansion capacity • • • . Customers of outsourced DCs typically invest in equipment equating to between 2 - 3x the capex costs to construct the DC facility [1] Increase in cloud based workloads from Artificial Intelligence, machine learning, data analytics and internet of things The flexibility and scalability of cloud offerings is expected to drive further cloud data demand The expansion of remote working in the wake of COVID19 is anticipated to increase demand for cloud storage solutions Data sovereignty, privacy and cyber security requirements driving onshore development of DCs in Australia, New Zealand and around the world National Critical Infrastructure agencies are obligated to adhere to government data security regulations adding to greater outsourcing of DC services [1] Deutsche Bank Markets Research - Under the Hood - Inside Cloud Data Centers - February 2017 113 13

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