CDC signs large new customer contracts

Infratil Limited 5 Market Lane, PO Box 320, Wellington, New Zealand Tel +64-4-473 3663 www.infratil.com



18 January 2024


CDC signs large new customer contracts

Following the announcements in October 2023 and January 2024 of accelerated construction
and development planning by portfolio company CDC, CDC has now entered into over
110MW of new customer contracts to support this capacity growth and underwrite further
development.

These contracts, which are from new and existing customers across Australia and New
Zealand, will be delivered through expansion of CDC’s existing data centre footprints, as well
as from development of new facilities, all of which have commenced construction.

The customer contracts have a phased delivery schedule over the next 3 years. When
delivered, they will also extend the Company’s weighted average lease expiry, including
options to extend.

Combined with the additional contracts secured throughout the last 12 months, CDC’s total
contracted capacity has increased by over 200MW over the last 12 months, including
reservations and rights of first offer. Over the same period, CDC has announced that it had
commenced construction of a further 265MW of capacity, and significantly extended its future
build capacity beyond that.

Infratil’s CEO Jason Boyes said: “It is pleasing to announce the conversion of advanced
customer conversations into contracted capacity in line with the accelerated growth
expectations we announced in October 2023 and January 2024. This progress has been
reflected in the material increase in the independent valuation of CDC over the course of this
financial year and reinforces our confidence in CDC’s future growth prospects.”


Enquiries should be directed to:

Matthew Ross
Deputy CFO

Email: matthew.ross@infratil.com