Full-year total revenue increased by $13.2 million, or 1.9% year over year, to $703.7 million. Miami, FL May 26, 2021 - Cyxtera, a global leader in data center colocation and interconnection services, today released financial results for the quarter ended March 31, 2021. This press release includes forward-looking statements within the meaning of the federal securities laws. On a constant currency basis, full-year total revenue increased by $55.1 million, or 7.8% year over year. This press release includes Transaction Adjusted EBITDA, which is a supplemental measure that is not required by, or presented in accordance with, accounting principles generally accepted in the United States (GAAP). Transfer Agent. Megan Duncanson. You should carefully consider the foregoing factors and the Risk Factors disclosed in Cyxteras filings with the Securities and Exchange Commission (SEC) from time to time. MIAMI--(BUSINESS WIRE)--Cyxtera (NASDAQ: CYXT), a global leader in data center colocation and interconnection services, today released financial results for the quarter ended June 30, 2021. Neither Cyxtera nor any of its affiliates assume any obligation to update this press release, except as required by law. Net Loss of $210.2 million in the quarter, including a non-cash Goodwill impairment charge of $153.6 million; Transaction Adjusted EBITDA. Stabilized occupancy was 71.4% at year-end 2021, an increase of 430 basis points from year-end 2020. We're pleased to report continued execution of our business plan in the fourth quarter, delivering solid growth in 2021, our first year as a publicly traded company, said Nelson Fonseca, Cyxteras Chief Executive Officer. Full-year Net Loss of $257.9 million; Transaction Adjusted EBITDA. A world-class, global data center operator that providesdeeply connected and intelligently automated infrastructureto businessesaround the world enabling them to scale faster,meet rising consumer expectationsand gaina competitive edge. Hybrid IT For the full year 2021, the Company continues to expect total revenue of $681 to $702 million and Transaction Adjusted EBITDA of $217 to $223 million. Cyxtera Announces Fourth Quarter and Full-Year 2021 Results Investor Presentation and Supplemental Financial Information. In addition, forward-looking statements reflect Cyxteras expectations, plans or forecasts of future events and views as of the date of this press release. . Cyxtera will host a conference call and webcast to discuss its quarterly and full-year results for the period ended December 31, 2021, on Tuesday, March 22, 2022, at 8:30 AM Eastern Time. IR@cyxtera.com, AI/ML Condensed Consolidated Statements of Operations, Condensed Consolidated Statements of Comprehensive Loss, Condensed Consolidated Statements of Cash Flows, RECONCILIATION OF GAAP TO NON-GAAP RESULTS, Press Contact: Customer adoption of Cyxtera's Digital Exchange platform grew 56% year over year. Marketplace, August 07, 2023 (unaudited, in millions, except share information), Accounts receivable, net of allowance of $0.1 and $0.3, Current portion of operating lease liabilities, Current portion of long-term debt, finance leases and other financing obligations, Operating lease liabilities, net of current portion, Finance leases and other financing obligations, net of current portion, Preferred Stock, $0.0001 par value; 10,000,000 shares authorized; none issued and outstanding, Class A common stock, $0.0001 par value; 500,000,000 shares authorized; 179,683,659 and 166,207,190 shares issued and outstanding as of December 31, 2022, and December 31, 2021, respectively, Accumulated other comprehensive (loss) income, Total liabilities and shareholders' equity, For the Years Ended December 31, 2022 and 2021, (unaudited, in millions, except for share information), Cost of revenues, excluding depreciation and amortization, Selling, general and administrative expenses, Restructuring, impairment, site closures and related costs, Change in fair value of the warrant liabilities, Weighted average number of shares outstanding, For Three Months Ended December 31, 2022 and 2021, For Years Ended December 31, 2022 and 2021. Cyxtera (NASDAQ: CYXT ), a global leader in data center colocation and interconnection services, today announced it will present at a number of upcoming investor . Because forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Cyxteras control. As a public company, Cyxtera now has access to new capital sources to fuel continued growth, accelerate product and technology innovation, and enhance our ability to quickly meet customer needs and support further strategic go-to-market efforts, said Carlos Sagasta, Cyxteras Chief Financial Officer. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. When available, the presentation and supplemental financial information can be accessed on the Cyxtera Investor Relations website at http://ir.cyxtera.com/. Introduced SmartCabs, which is an extension of Digital Exchange that provides customers with dedicated, on-demand colocation cabinets complete with built-in power and integrated, configurable, core network fabric. Due to the high variability and difficulty in making accurate forecasts and projections of some of the information excluded from these projected measures, together with some of the excluded information not being ascertainable or accessible, the company is unable to quantify certain amounts that would be required to be included in the most directly comparable GAAP financial measures without unreasonable effort. Our results are further validation of the value we bring to our customers with our global scale, innovative approach to cloud-like colocation, and unwavering focus on providing high quality services to our customers., Q4 and Full-Year 2022 Financial Highlights, Q4 and Full-Year 2022 Business Highlights. Therefore, this measure should not be considered in isolation or as an alternative to net income, cash flows from operations or other measures of profitability, liquidity or performance under GAAP. The replay access code is 532977. Selected Nextera Energy Resources as a preferred supplier of Green Energy to accelerate sustainability initiatives. You should be aware that Cyxteras presentation of this measure may not be comparable to similarly-titled measures used by other companies. The U.S. dial-in for the conference call replay is 1-877-344-7529 (1-412-317-0088). Transaction Adjusted EBITDA represents the measure of EBITDA disclosed to SVAC in connection with its consideration of the business combination transaction between SVAC and Cyxtera. Because forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Cyxteras control. Cyxtera Announces Fourth Quarter and Full-Year 2022 Results Cyxtera Takes Steps to Position Business for Long-Term Success PDF Cyxtera Announces Second Quarter 2021 Results Starboard Value Acquisition Corp. Announces Stockholder Approval of Cyxtera will host a conference call and webcast to discuss its quarterly results for the period ended June 30, 2021 on Tuesday, August 17, 2021 at 4:30 PM Eastern Time. Channel Partners Analyst, Investor Relations (737) - 281 - 0101 investorrelations@digitalrealty.com. A replay of the conference call will be available until March 29, 2022, at 11:59 p.m. Eastern Time, while an archived version of the webcast will be available on Cyxteras Investor Relations website for one year. In addition, we have completed our business combination with Starboard Value Acquisition Corp, which strengthened our balance sheet and financial position, including the repayment of the second lien, reducing our leverage ratio from 10.0x to 8.0x, said Carlos Sagasta, Cyxteras Chief Financial Officer. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Federal The company now expects expansion capital expenditures of $65 to $80 million. A replay of the conference call will be available until August 24, 2021, at 11:59 p.m. Eastern Time, while an archived version of the webcast will be available on Cyxteras Investor Relations website for one year. Actual results and conditions (financial or otherwise) may differ materially from those indicated in the forward-looking statements. Greer Aviv 2333 Ponce De Leon Blvd, Suite 900 Concurrently with holding its conference call, Cyxtera will make available on its website a presentation designed to accompany the discussion of the companys financial results along with supplemental financial information. Greer Aviv - Senior Vice President, Investor Relations @ Cyxtera The identities of the investors or companies that have submitted bids were not disclosed. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results and conditions to differ materially from those indicated in the forward-looking statements, including, but not limited to, risks related to Cyxteras material indebtedness with near term maturities; Cyxteras ability to refinance or renew its existing indebtedness on favorable terms or at all; Cyxteras ability to access external sources of capital on favorable terms or at all, which could limit Cyxteras ability to execute its business and growth strategies; Cyxteras ability to maintain its credit ratings; increases in interest rates; fluctuations in energy prices; fluctuations in foreign currency exchange rates in the markets in which Cyxtera operates internationally inflation; prolonged power outages, shortages or capacity constraints physical and electronic security breaches and cyber-attacks, which could disrupt Cyxteras operations any failure of Cyxteras physical infrastructure or negative impact on its ability to provide its services, or damage to customer infrastructure within its data centers inadequate or inaccurate external and internal information, including budget and planning data, which could lead to inaccurate financial forecasts and inappropriate financial decisions Cyxteras fluctuating operating results Cyxteras government contracts, which are subject to early termination, audits, investigations, sanctions and penalties Cyxteras reliance on third parties to provide internet connectivity to its data centers the incurrence of goodwill and other intangible asset impairment charges, such as Cyxteras recent impairment of goodwill, or impairment charges to Cyxteras property and equipment, which could result in a significant reduction to its earnings; the requirements of being a public company, including maintaining adequate internal controls over financial and management systems; Cyxteras ability to manage its growth; volatility of the market price of Cyxteras Class A common stock; future sales, or the perception of future sales, of Cyxtera Class A common stock by Cyxtera or its existing securityholders in the public market, which could cause the market price for Cyxteras Class A common stock to decline; Cyxteras ability to use its United States federal and state net operating losses to offset future United States federal and applicable state taxable income may be subject to certain limitations that could accelerate or permanently increase taxes owed; Cyxteras ability to address the significant implementation and operational complexities required to complete a conversion to a REIT, including, without limitation, completing internal reorganizations and modifying accounting and information technology systems, and receiving any necessary stakeholder and other approvals; Cyxteras ability to apply highly technical and complex provisions of the US Internal Revenue Code, as amended, to its operations; and risks related to the effects of the COVID-19 pandemic on Cyxteras business or future results, including supply chain disruptions. Participants can also register for the webcast at https://event.on24.com/wcc/r/3356584/44672E3AC4ED3383436505D58B97251B. Due to the high variability and difficulty in making accurate forecasts and projections of some of the information excluded from these projected measures, together with some of the excluded information not being ascertainable or accessible, Cyxtera is unable to quantify certain amounts that would be required to be included in the most directly comparable GAAP financial measures without unreasonable effort. By translating immunology breakthroughs into innovative drug candidates, argenx is building a world-class portfolio of first-in-class antibodies in both early and late clinical-stages of development. Cyxtera Announces Fourth Quarter and Full-Year 2022 Results Cyxtera brings proven operational excellence, global scale, flexibility, and customer-focused innovation together to provide a comprehensive portfolio of data center and interconnection services. IR Contact: Adjustments to reconcile net loss to net cash provided by operating activities: Amortization of favorable/unfavorable leasehold interests, net, Amortization of debt issuance costs and fees, net, Impairment of notes receivable and other amounts due from affiliate (Note 16), Changes in operating assets and liabilities, excluding impact of acquisitions, Amounts received from (advanced to) affiliate (Note 16), Proceeds from issuance of long-term debt and other financing obligations, Repayment of capital leases and other financing obligations, Effect of foreign currency exchange rates on cash, Cash paid for income taxes, net of refunds, Non-cash purchases of property, plant and equipment, Amortization of Favorable / Unfavorable Leasehold Interest. Statement Regarding Non-GAAP Financial Measures. We are committed to responsible environmental practices that include conservation of natural resources, pollution prevention, and reduction of waste. The replay access code is 10159531. The company operates a footprint of 61 data centers in 28 markets around the world, providing services to more than 2,300 leading enterprises and U.S. federal government agencies. MIAMI--(BUSINESS WIRE)-- At Cyxtera Technologies, we promise to treat your data with respect and will not share your information with any third party. "In the first quarter of 2021 our team was able to continue the momentum we built in 2020 to deliver solid results," said Nelson Fonseca, Cyxtera's Chief Executive Officer. "We achieved solid results in the fourth quarter and another year of growth in 2022, demonstrating continued demand for our global data center platform and our customers' confidence in our . 5.56.0.1 You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. In the second quarter of 2021 our team built on the momentum we created through 2020 and the first quarter this year to again deliver solid results, said Nelson Fonseca, Cyxteras Chief Executive Officer. Because forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Cyxteras control. Fahim and Raymond Svider, Partner and Chairman of BC Partners, have been tremendous supporters over the past four years. Cyxtera defines Transaction Adjusted EBITDA as net income (loss) before the following items: depreciation and amortization, interest and other expenses, income tax (benefit) / expense, equity-based compensation, straight line rent adjustment, amortization of favorable / unfavorable leasehold interest & asset retirement obligation accretion, stand-up separation & other, restructuring costs & other, and impairment on note and other receivables from affiliate. Cyxtera Announces Fourth Quarter and Full-Year 2022 Results EQIX vs. DLR: Which Data Center REIT is Better for 2023? In 2022, we delivered strong Core revenue growth of 7.5%, drove stabilized occupancy increases of 350 basis points, and continued to strategically expand our footprint, said Carlos Sagasta, Cyxteras Chief Financial Officer. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. MIAMI, (BUSINESS WIRE) -- Cyxtera Technologies, Inc. (NASDAQ: CYXT ), a global leader in data center colocation and interconnection services, today released financial results for the quarter and. In connection with the Transactions, SVAC filed a preliminary proxy statement (the "Proxy Statement") with . We delivered 6.0% revenue growth for the year, margin expansion, and positive net bookings. MIAMI, March 16, 2023 -- ( BUSINESS WIRE )-- Cyxtera Technologies, Inc. (NASDAQ: CYXT ), a global leader in data center colocation and interconnection services, today released financial results. Participants can also register for the webcast at https://www.incommglobalevents.com/registration/q4inc/10307/cyxtera-q4-2021-earnings-call/. Cyxtera Bolsters Investor Relations Team Through Addition of Industry Vice President, Investor Relations. A replay of the conference call will be available until March 29, 2022, at 11:59 p.m. Eastern Time, while an archived version of the webcast will be available on Cyxtera's Investor Relations website for one year. Total revenue increased in Q2 2021 by $2.2 million or 1.3% year-over-year to $175.4 million. Cyxtera brings proven operational excellence, global scale, flexibility and customer-focused innovation together to provide a comprehensive portfolio of data center and interconnection services . . Cyxtera is a global leader in data center colocation and interconnection services. With IT infrastructure becoming increasingly hybrid, complex, and distributed, we continue to expand our portfolio beyond space and power to deliver more cloud-like and . Actual results and conditions (financial or otherwise) may differ materially from those indicated in the forward-looking statements. Cyxtera Investor Presentation and Supplemental Financial Information. There may be additional risks that Cyxtera does not presently know or that it currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. There may be additional risks that Cyxtera does not presently know or that it currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. 2333 Ponce De Leon Blvd, Suite 900 The company now expects expansion capital expenditures of $65 to $80 million. Accordingly, you should not place undue reliance upon any such forward-looking statements in this press release. Cyxtera Accordingly, you should not place undue reliance upon any such forward-looking statements in this press release. The foregoing list of factors is not exhaustive. You should review Cyxteras unaudited financial statements and the reconciliation of the non-GAAP financial measures included in this press release to the most directly comparable GAAP financial measures provided in this release and not rely on any single financial measure to evaluate Cyxteras business. Q4 2021 Results Conference Call and Replay Information. CYXTERA TECHNOLOGIES, INC.Condensed Consolidated Balance Sheets(in millions, except share information)(unaudited), CYXTERA TECHNOLOGIES, INC.Condensed Consolidated Statements of Operations(in millions)(unaudited), CYXTERA TECHNOLOGIES, INC.Condensed Consolidated Statements of Comprehensive Loss(in millions)(unaudited), CYXTERA TECHNOLOGIES, INC.Condensed Consolidated Statements of Cash Flows(in millions)(unaudited), CYXTERA TECHNOLOGIES, INC.RECONCILIATION OF GAAP TO NON-GAAP RESULTS(in millions)(unaudited), Press Contact: Full-year interconnection revenue accounted for 11% of total revenue, and grew 11% year over year. Successfully extended the majority of the Companys Revolving Credit Facility with the strong support of the lender group to November of 2023. Bankrupt data center provider Cyxtera could be sold by September Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Amortization of favorable/unfavorable leasehold interests, net, Loss on extinguishment of debt and amortization of debt issuance costs and fees, net, Reversal of provision for doubtful accounts, Change of fair value of warrant liabilities. In addition, forward-looking statements reflect Cyxteras expectations, plans or forecasts of future events and views as of the date of this press release. This press release also includes certain projections of non-GAAP financial measures concerning the company. Michael Morales IR@cyxtera.com. Cyxtera and the various operating subsidiaries of Cyxtera will become subsidiaries of SVAC, with the Cyxtera stockholder becoming a stockholder of SVAC (the transactions contemplated by the Merger Agreement, the "Transactions"). Changes in operating assets and liabilities, excluding impact of acquisitions and dispositions: Net cash provided by operating activities, Amounts received from (advanced to) affiliate, Net cash provided by (used in) investing activities, Proceeds from issuance of long-term debt and other financing obligations, Proceeds from recapitalization, net of issuance costs, Repayment of capital leases and other financing obligations, Net cash (used in) provided by financing activities, Effect of foreign currency exchange rates on cash, Non-cash purchases of property and equipment, RECONCILIATION OF GAAP TO NON-GAAP RESULTS, Amortization of Favorable / Unfavorable Leasehold Interest & ARO accretion, Change in fair value of warrant liabilities, Impairment of note and other receivables from affiliate, Note: Numbers may not foot or cross-foot due to rounding, Press Contact: Investor Presentation and Supplemental Financial Information. Cyxtera Technologies - Financials - SEC Filings IR@cyxtera.com. Secured a new 9-MW facility in Silicon Valley and announced capacity expansions in existing Silicon Valley and Chicago facilities. The U.S. dial-in for the conference call replay is 1-877-344-7529 (1-412-317-0088). Cyxtera files for Chapter 11 bankruptcy protection The Register There may be additional risks that Cyxtera does not presently know or that it currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Consequently, no disclosure of estimated comparable GAAP measures is included and no reconciliation of the forward-looking non-GAAP financial measures is included. In May 2017 BCEC IX and BCEC X acquired CenturyLink's leading portfolio of data centers in major markets across the U.S. and in key international markets, as well as Medina Capital's security and data analytics portfolio. (opens in new window), Cyxtera Announces Fourth Quarter and Full-Year 2022 Results, Case Study | Tevalis and Cyxtera Enterprise Bare Metal. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Cyxtera is a global leader in colocation and interconnection services, with a footprint of more than 60 data centers in over 30 markets. Due to these ongoing efforts, Cyxtera will not hold a fourth quarter 2022 conference call and is not providing 2023 guidance at this time. Average monthly Core churn of 0.8% in 2021 was an improvement of 20 basis points over 2020, and average monthly Core churn of 0.6% in the fourth quarter was an improvement of 60 basis points over the same quarter of last year. Investors | Argenx For more information, please visit www.cyxtera.com. Therefore, this measure should not be considered in isolation or as an alternative to net income, cash flows from operations or other measures of profitability, liquidity or performance under GAAP. Time, while an archived version of the webcast will be available on Cyxtera's Investor Relations website for one year. Investor Presentation and Supplemental Financial Information For the full year 2021, the Company continues to expect total revenue of $681 to $702 million and Transaction Adjusted EBITDA of $217 to $223 million. A replay of the conference call will be available until August 24, 2021, at 11:59 p.m. Eastern Time, while an archived version of the webcast will be available on Cyxteras Investor Relations website for one year. Cyxtera Michael Morales The U.S. dial-in for the call is 1-646-904-5544 (1-929-526-1599 for non-U.S. callers); access code 740263. Cyxtera is a global leader in colocation and interconnection services, with a footprint of more than 60 data centers in over 30 markets. Were happy to help with any questions, please let us know how we can help with your next IT solution. Cyxtera's Investor Relations website for one year. Cyxtera Technologies - Investor Relations Investor Relations NASD: CYXT 0.06 -0.00 ( -1.54% ) Pricing delayed by 20 minutes Last Updated 06/09/2023 4:00 PM Corporate Overview Cyxtera is a global leader in data center colocation and interconnection services. Statement Regarding Non-GAAP Financial Measures. Please ask to join the Cyxtera Q2 2021 earnings call. With the continued positive trends were seeing across our business, we believe that we are well positioned to continue our growth trajectory and successfully execute on our strategy to deliver innovative, industry-leading solutions for our customers digital transformation needs across our global data center platform.. Cyxtera Announces Third Quarter 2021 Results | Business Wire Powered By Q4 Inc. We are pleased with our second quarter performance. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results and conditions to differ materially from those indicated in the forward-looking statements, including, but not limited to, the effects of the COVID-19 pandemic on Cyxteras business or future results, including supply chain disruptions; increases in interest rates; fluctuations in energy prices; fluctuations in foreign currency exchange rates in the markets in which Cyxtera operates internationally inflation; prolonged power outages, shortages or capacity constraints physical and electronic security breaches and cyber-attacks, which could disrupt Cyxteras operations any failure of Cyxteras physical infrastructure or negative impact on its ability to provide its services, or damage to customer infrastructure within its data centers inadequate or inaccurate external and internal information, including budget and planning data, which could lead to inaccurate financial forecasts and inappropriate financial decisions Cyxteras fluctuating operating results Cyxtera's ability to maintain its credit ratings; Cyxteras government contracts, which are subject to early termination, audits, investigations, sanctions and penalties Cyxteras reliance on third parties to provide internet connectivity to its data centers and the incurrence of goodwill and other intangible asset impairment charges, or impairment charges to Cyxteras property and equipment, which could result in a significant reduction to its earnings.
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