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NXT 31/08/2018 8:04:06 AM 4 FY18 Results AnnouncementASX Release 31 August 2018FY18 Record ResultsNEXTDC Limited (ASX: NXT) (“NEXTDC” or “the Company”) today announced its financial results for thefull-year ended 30 June 2018 (“FY18”).FY18 financial highlights Revenue of $161.5 million vs guidance range of $152-158 million (FY17: $123.6 million) Underlying EBITDA1,2 of $62.6 million vs guidance range of $58-62 million (FY17: $49.0 million) Capital expenditure of $285 million vs underlying guidance range of $307-327 million3 (FY17: $159million) Statutory net profit after tax of $6.6 million (FY17: $23.0 million4) Operating cash flow of $33.4 million (FY17: $44.9 million) Cash and term deposits of $418 million at 30 June 2018Subsequent to 30 June 2018, the Company raised $300 million in the form of Notes IV, bringing its pro-forma cash and term deposits balance to $718 million. NEXTDC also continues to have access to senior debt facilities of $300 million, which currently remain undrawn.Commenting on the FY18 financial results, Mr Scroggie, Chief Executive Officer said:“We’re very pleased to report today’s results, with the Company achieving FY18 revenue and EBITDA above the top end of its upgraded guidance range. These results demonstrate NEXTDC’s continued strong growth and when combined with pro forma liquidity of more than $1 billion, the Company is extremely well placed to continue taking advantage of exciting growth opportunities.”Business performanceAs at 30 June 2018: Contracted utilisation up 28% to 40.2MW (30 June 2017: 31.5MW) Number of customers up 26% to 972 (30 June 2017: 772) Interconnection5 (cross connects) up 37% to 8,671 (30 June 2016: 6,342)Commenting on the Company’s sales performance, Mr Scroggie said:“We continue to experience strong demand for NEXTDC’s premium data centre services, with the Company experiencing not only strong growth in contracted utilisation, but also adding a record number of more than 2,300 interconnections during FY18. Furthermore, with NEXTDC currently in advanced negotiations in relation to further large customer opportunities, we expect to carry this strong momentum into FY19.”Development activity B2 (Brisbane) and M2 (Melbourne) facilities opened for customer access S2 (Sydney) construction underway and remains on track to open in 1H19 for customer access with an initial capacity of 6MW and an accelerated development of an additional 8MW of capacity P1 (Perth) third data hall opened with development underway on the fourth and final data hall Announced three new sites at S3 in Sydney, M3 in Melbourne and P2 in Perth, with design anddevelopment work to commence immediately for P2 Expanded cloud offerings from anywhere in Australia through Oracle Fast Connect and Google CloudPlatform via the NEXTDC AXON network, in addition to existing seamless connectivity to Amazon WebServices, Microsoft ExpressRoute, IBM Cloud and other cloud on-rampsSetting new industry standards B2 and M2 are the first Australian data centres, and the first Asia Pacific colocation data centres, toachieve Uptime Institute (UTI) Tier IV Certification of Constructed Facility (TCCF), in recognition of theirexceptional fault tolerance P1 and S1 both certified global best practice UTI Gold Certification of Operational Sustainability In August 2018, B2 also received UTI Tier IV Gold Certification of Operational Sustainability, becomingthe first data centre to achieve the Tier IV Operational Gold rating in the southern hemisphere S2 is designed to achieve Tier IV TCCF for its opening in 1H19 B2, M2 and S2 are designed to achieve an industry-leading NABERS 5-star rating for energy efficiencyCommenting on the Company’s achievement in setting new industry standards, Mr Scroggie said:“I am incredibly proud of the outstanding milestones achieved by our team in FY18 and NEXTDC continues to raise the bar for the industry. The past twelve months has seen the Company deliver Australia’s first UTI certified Tier IV constructed facilities, deliver the industry’s most efficient NABERS 5-star designed data centres that certify record low PUEs as well as demonstrate operational excellence via UTI Tier III Gold Certification of Operational Sustainability across P1 and S1 and now delivering another benchmark first with UTI Tier IV Gold Certification of Operational Sustainability for B2.”
NXT 31/08/2018 8:04:06 AM 4 FY18 Results Announcement
ASX Release 31 August 2018
FY18 Record Results
NEXTDC Limited (ASX: NXT) (“NEXTDC” or “the Company”) today announced its financial results for the
full-year ended 30 June 2018 (“FY18”).
FY18 financial highlights
Revenue of $161.5 million vs guidance range of $152-158 million (FY17: $123.6 million)
Underlying EBITDA1,2 of $62.6 million vs guidance range of $58-62 million (FY17: $49.0 million)
Capital expenditure of $285 million vs underlying guidance range of $307-327 million3 (FY17: $159
million)
Statutory net profit after tax of $6.6 million (FY17: $23.0 million4)
Operating cash flow of $33.4 million (FY17: $44.9 million)
Cash and term deposits of $418 million at 30 June 2018
Subsequent to 30 June 2018, the Company raised $300 million in the form of Notes IV, bringing its pro-forma cash and term deposits balance to $718 million. NEXTDC also continues to have access to senior debt facilities of $300 million, which currently remain undrawn.
Commenting on the FY18 financial results, Mr Scroggie, Chief Executive Officer said:
“We’re very pleased to report today’s results, with the Company achieving FY18 revenue and EBITDA above the top end of its upgraded guidance range. These results demonstrate NEXTDC’s continued strong growth and when combined with pro forma liquidity of more than $1 billion, the Company is extremely well placed to continue taking advantage of exciting growth opportunities.”
Business performance
As at 30 June 2018:
Contracted utilisation up 28% to 40.2MW (30 June 2017: 31.5MW)
Number of customers up 26% to 972 (30 June 2017: 772)
Interconnection5 (cross connects) up 37% to 8,671 (30 June 2016: 6,342)
Commenting on the Company’s sales performance, Mr Scroggie said:
“We continue to experience strong demand for NEXTDC’s premium data centre services, with the Company experiencing not only strong growth in contracted utilisation, but also adding a record number of more than 2,300 interconnections during FY18. Furthermore, with NEXTDC currently in advanced negotiations in relation to further large customer opportunities, we expect to carry this strong momentum into FY19.”
Development activity
B2 (Brisbane) and M2 (Melbourne) facilities opened for customer access
S2 (Sydney) construction underway and remains on track to open in 1H19 for customer access with an initial capacity of 6MW and an accelerated development of an additional 8MW of capacity
P1 (Perth) third data hall opened with development underway on the fourth and final data hall
Announced three new sites at S3 in Sydney, M3 in Melbourne and P2 in Perth, with design and
development work to commence immediately for P2
Expanded cloud offerings from anywhere in Australia through Oracle Fast Connect and Google Cloud
Platform via the NEXTDC AXON network, in addition to existing seamless connectivity to Amazon Web
Services, Microsoft ExpressRoute, IBM Cloud and other cloud on-ramps
Setting new industry standards
B2 and M2 are the first Australian data centres, and the first Asia Pacific colocation data centres, to
achieve Uptime Institute (UTI) Tier IV Certification of Constructed Facility (TCCF), in recognition of their
exceptional fault tolerance
P1 and S1 both certified global best practice UTI Gold Certification of Operational Sustainability
In August 2018, B2 also received UTI Tier IV Gold Certification of Operational Sustainability, becoming
the first data centre to achieve the Tier IV Operational Gold rating in the southern hemisphere
S2 is designed to achieve Tier IV TCCF for its opening in 1H19
B2, M2 and S2 are designed to achieve an industry-leading NABERS 5-star rating for energy efficiency
Commenting on the Company’s achievement in setting new industry standards, Mr Scroggie said:
“I am incredibly proud of the outstanding milestones achieved by our team in FY18 and NEXTDC continues to raise the bar for the industry. The past twelve months has seen the Company deliver Australia’s first UTI certified Tier IV constructed facilities, deliver the industry’s most efficient NABERS 5-star designed data centres that certify record low PUEs as well as demonstrate operational excellence via UTI Tier III Gold Certification of Operational Sustainability across P1 and S1 and now delivering another benchmark first with UTI Tier IV Gold Certification of Operational Sustainability for B2.”
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