Strong Quarter with Growth Across Key Financial
and Operating Metrics
Interxion Holding NV (NYSE:INXN), a leading European provider of
cloud and carrier-neutral colocation data centre services,
announced its results today for the three months ended 31 March
2015.
Financial Highlights
- Revenue increased by 15% to €92.5
million (1Q 2014: €80.6 million).
- Adjusted EBITDA increased by 18% to
€40.6 million (1Q 2014: €34.5 million).
- Adjusted EBITDA margin increased to
43.9% (1Q 2014: 42.9%).
- M&A transaction costs were €6.9
million before tax.
- Net profit decreased to €4.4 million
(1Q 2014: €10.4 million).
- Earnings per diluted share were €0.06
(1Q 2014: €0.15).
- Capital Expenditures, including
intangible assets1, were €67.6 million (1Q 2014: €57.0
million).
Operating Highlights
- Equipped Space increased by 1,300
square metres to 94,800 square metres.
- Revenue Generating Space increased by
3,000 square metres to 74,000 square metres.
- Utilisation Rate at the end of the
quarter was 78%.
- Completed Expansion projects in
Amsterdam and Vienna.
- Completed purchase of Vienna
campus.
“Interxion delivered a strong financial and operating
performance in the first quarter, building on the momentum we saw
in 2014,” said David Ruberg, Interxion’s Chief Executive Officer.
“We continued to capitalise on strong customer orders and
installations, resulting in a 21 percent year-over-year increase in
revenue generating space and a utilisation rate of 78 percent,
consistent with our disciplined strategy to expand to meet customer
needs. The steady improvement across our key performance metrics
reflects the underlying strength of our business model, the
attractiveness of our communities of interest strategy and our
disciplined capital expansion plan. Looking ahead, our expansion
plans remain on track, with a number of value-enhancing projects
scheduled for completion as we progress through the year.”
Quarterly Review
Revenue in the first quarter of 2015 was €92.5 million, a 15%
increase over the first quarter of 2014 and a 3% increase over the
fourth quarter of 2014. Recurring revenue was €87.1 million, a 15%
increase over the first quarter of 2014 and a 4% increase over the
fourth quarter of 2014. Recurring revenue in the quarter was 94% of
total revenue.
Cost of sales in the first quarter of 2015 was €36.3 million, an
11% increase over the first quarter of 2014 and a 2% decrease over
the fourth quarter of 2014.
Gross profit was €56.2 million in the first quarter of 2015, a
17% increase over the first quarter of 2014 and a 6% increase over
the fourth quarter of 2014. Gross profit margin in the first
quarter of 2015 was 60.8%, compared with 59.6% in the first quarter
of 2014 and 58.9% in the fourth quarter of 2014.
Sales and marketing costs in the first quarter of 2015 were €6.7
million, up 14% compared to the first quarter of 2014 and a 2%
increase over the fourth quarter of 2014.
Other general and administrative costs2 were €8.9 million, a 17%
increase compared to the first quarter of 2014 and a 15% increase
compared to the fourth quarter of 2014.
Adjusted EBITDA for the first quarter of 2015 was €40.6 million,
up 18% compared to the first quarter of 2014 and a 5% increase
compared to the fourth quarter of 2014. Adjusted EBITDA margin was
43.9% in the first quarter of 2015 compared to 42.9% in the first
quarter of 2014 and 43.0% in the fourth quarter of 2014.
Depreciation, amortisation, and impairments in the first quarter
of 2015 was €18.2 million, an increase of 30% compared to the first
quarter of 2014 and an increase of 5% from the fourth quarter of
2014.
Operating profit during the first quarter of 2015 was €13.4
million, a decrease of 33% compared to the first quarter of 2014
and a decrease of 29% from the fourth quarter of 2014. M&A
transaction costs relating to the previously announced transaction
with TelecityGroup were €6.9 million in the first quarter of 2015.
Excluding M&A transaction costs, operating profit was €20.3
million in the first quarter of 2015, an increase of 2% compared to
the first quarter of 2014 and an increase of 6% compared to the
fourth quarter of 2014.
Net finance costs for the first quarter of 2015 were €6.6
million, a 22% increase compared to the first quarter of 2014, and
a 18% decrease compared to the fourth quarter of 2014.
Income tax expense for the first quarter of 2015 was €2.4
million, a 43% decrease compared to the first quarter of 2014, and
a 30% decrease compared to the fourth quarter of 2014.
Net profit was €4.4 million in the first quarter of 2015, a 57%
decrease compared to €10.4 million in the first quarter of 2014,
and a 40% decrease compared to €7.4 million in the fourth quarter
of 2014.
Adjusted net profit3 was €8.9 million in the first quarter of
2015, a 9% decrease compared to the first quarter of 2014, and a
23% increase compared to the fourth quarter of 2014.
Cash generated from operations, defined as cash generated from
operating activities before interest and corporate income tax
payments and receipts, was €34.2 million in the first quarter of
2015, slightly lower than the first quarter of 2014, and a 16%
decrease from the fourth quarter of 2014.
Capital expenditures, including intangible assets and the
purchase of the Vienna campus, were €67.6 million in the first
quarter of 2015 compared to €57.0 million in the first quarter of
2014 and €47.8 million in the fourth quarter of 2014.
Cash and cash equivalents were €54.0 million at 31 March 2015,
compared to €99.9 million at year end 2014. Total borrowings, net
of deferred revolving facility financing fees, were €541.7 million
at 31 March 2015 compared to €560.6 million at year end 2014. As of
31 March 2015, the company’s revolving credit facility was
undrawn.
Equipped space at the end of the first quarter of 2015 was
94,800 square metres compared to 82,900 square metres at the end of
first quarter of 2014 and 93,500 square metres at the end of the
fourth quarter 2014. Utilisation rate, the ratio of
revenue-generating space to equipped space, was 78% at the end of
the first quarter of 2015, compared with 74% at the end of the
first quarter of 2014 and 76% at the end of the fourth quarter of
2014.
Business Outlook
Interxion today reaffirms its guidance for its expected results
as an independent company for full year 2015:
Revenue €375 million – €388 million Adjusted EBITDA
€162 million – €172 million Capital expenditures (including
intangibles) €180 million – €200 million
Conference Call to Discuss Results
Interxion will host a conference call today at 8:30 a.m. ET
(1:30 pm BST, 2:30 pm CET) to discuss Interxion’s first quarter
2015 results.
To participate on this call, U.S. callers may dial toll free
1-866-966-1396; callers outside the U.S. may dial direct +44 (0)
2071 928 000. The conference ID for this call is ‘INXN’. This event
also will be webcast live over the Internet in listen-only mode at
investors.interxion.com.
A replay of this call will be available shortly after the call
concludes and will be available until 13 May 2015. To access the
replay, U.S. callers may dial toll free 1-866-247-4222; callers
outside the U.S. may dial direct +44 (0) 1452 550 000. The replay
access number is 23610917.
Forward-looking Statements
This communication contains forward-looking statements that
involve risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in
such forward-looking statements. Factors that could cause actual
results and future events to differ materially from Interxion’s
expectations include, but are not limited to, the difficulty of
reducing operating expenses in the short term, the inability to
utilise the capacity of newly planned data centres and data centre
expansions, significant competition, the cost and supply of
electrical power, data centre industry over-capacity, performance
under service level agreements, certain other risks detailed herein
and other risks described from time to time in Interxion’s filings
with the United States Securities and Exchange Commission (the
“SEC”). In addition, the negotiations for the business combination
may not advance, and even if they do, it may not be possible to
enter into definitive documentation on satisfactory terms and close
the agreement.
Interxion does not assume any obligation to update the
forward-looking information contained in this report.
Use of Non-IFRS Information
EBITDA is defined as operating profit plus depreciation,
amortisation and impairment of assets. We define Adjusted EBITDA as
EBITDA adjusted to exclude share-based payments, increase/decrease
in provision for onerous lease contracts, Dutch crisis tax, M&A
transaction costs and, income from sub-leases on unused data centre
sites. Adjusted EBITDA margin is defined as Adjusted EBITDA as a
percentage of revenue. We present EBITDA, Adjusted EBITDA and
Adjusted EBITDA margin as additional information because we
understand that they are measures used by certain investors and
because they are used in our financial covenants in our €100
million revolving credit facility and €475 million 6.00% Senior
Secured Notes due 2020.
A reconciliation from Net profit to EBITDA and EBITDA to
Adjusted EBITDA is provided in the notes to our consolidated income
statement included elsewhere in this press release.
Adjusted diluted earnings per share amounts are determined on
Adjusted Net Profit. A reconciliation from reported Net Profit to
Adjusted Net Profit is included elsewhere in this press
release.
Other companies, however, may present EBITDA, Adjusted EBITDA,
Adjusted EBITDA margin and Adjusted Net Profit differently than we
do. EBITDA, Adjusted EBITDA, Adjusted EBITDA margin and Adjusted
Net Profit are not measures of financial performance under IFRS and
should not be considered as an alternative to operating profit or
as a measure of liquidity or an alternative to net income as
indicators of our operating performance or any other measure of
performance derived in accordance with IFRS.
Interxion does not provide forward-looking estimates of Net
profit, Operating profit, depreciation, amortisation, and
impairments, share-based payments, transaction costs or
increase/decrease in provision for onerous lease contracts, and
income from sub-leases on unused data centre sites, which it uses
to reconcile to Adjusted EBITDA. The Company is, therefore, unable
to provide forward-looking reconciling information for Adjusted
EBITDA.
No Offer or Solicitation
This communication is not intended to and does not constitute an
offer to sell or the solicitation of an offer to subscribe for or
buy or an invitation to purchase or subscribe for any securities or
the solicitation of any vote in any jurisdiction pursuant to the
proposed transactions or otherwise, nor shall there be any sale,
issuance or transfer of securities in any jurisdiction in
contravention of applicable law. No offer of securities shall be
made except by means of a prospectus meeting the requirements of
Section 10 of the Securities Act of 1933, as amended, and
applicable United Kingdom regulations. Subject to certain
exceptions to be approved by the relevant regulators or certain
facts to be ascertained, the public offer will not be made directly
or indirectly, in or into any jurisdiction where to do so would
constitute a violation of the laws of such jurisdiction, or by use
of the mails or by any means or instrumentality (including without
limitation, facsimile transmission, telephone and the internet) of
interstate or foreign commerce, or any facility of a national
securities exchange, of any such jurisdiction. No prospectus is
required in accordance with Directive 2003/71/EC, as amended, in
connection with this communication.
Important Information
TelecityGroup has not commenced and may not make an offer to
purchase Interxion shares as described in this communication. In
the event that TelecityGroup makes an offer (as the same may be
varied or extended in accordance with applicable law),
TelecityGroup will file a registration statement on Form F-4, which
will include a prospectus and joint proxy statement of
TelecityGroup and Interxion, and a Tender Offer statement on
Schedule TO (the “Schedule TO”). If an offer is made it will be
made exclusively by means of, and subject to, the terms and
conditions set out in, an offer document containing and setting out
the terms and conditions of the offer and a letter of transmittal
and form of acceptance to be delivered to Interxion, filed with the
SEC and mailed to Interxion shareholders. Any offer in the United
States will be made by TelecityGroup or an affiliate of
TelecityGroup and not by any other person.
The release, publication or distribution of this communication
in certain jurisdictions may be restricted by law and therefore
persons in such jurisdictions into which this communication is
released, published or distributed should inform themselves about
and observe such restrictions.
IF AN OFFER IS MADE, SHAREHOLDERS OF INTERXION ARE URGED TO READ
ANY DOCUMENTS REGARDING THE OFFER WHEN THEY BECOME AVAILABLE
(INCLUDING THE EXHIBITS THERETO) AS THEY WILL CONTAIN IMPORTANT
INFORMATION ABOUT THE OFFER.
If an offer is made, the registration statement, the joint proxy
statement, the Schedule TO and other related documents will be
available electronically without charge at the SEC’s website,
www.sec.gov, after they have been filed. Any materials filed with
the SEC may also be obtained without charge at TelecityGroup’s
website, www.telecitygroup.com. This communication does not
constitute an offer or a solicitation in any jurisdiction in which
such offer or solicitation is unlawful. An offer will not be made
in, nor will deposits be accepted in, any jurisdiction in which the
making or acceptance thereof would not be in compliance with the
laws of such jurisdiction. However, if an offer is made,
TelecityGroup may, in its sole discretion, take such action as it
may deem necessary to extend an offer in any such jurisdiction.
About Interxion
Interxion (NYSE:INXN) is a leading provider of carrier and
cloud-neutral colocation data centre services in Europe, serving a
wide range of customers through 39 data centres in 11 European
countries. Interxion’s uniformly designed, energy efficient data
centres offer customers extensive security and uptime for their
mission-critical applications.
With over 500 connectivity providers, 20 European Internet
exchanges, and most leading cloud and digital media platforms
across its footprint, Interxion has created connectivity, cloud,
content and finance hubs that foster growing customer communities
of interest. For more information, please
visit www.interxion.com.
1 Capital expenditures, including intangible assets, represent
payments to acquire property, plant, and equipment and intangible
assets, as recorded in the consolidated statement of cash flows as
"Purchase of property, plant and equipment" and "Purchase of
intangible assets" respectively.
2 Other general administrative costs represents general and
administrative costs excluding depreciation, amortisation,
impairments, share based payments, M&A transaction costs, and
increase/(decrease) in provision for onerous lease contracts.
3 We define Adjusted Net Profit as net profit excluding the
impact of the refinancing charge, capitalised interest, deferred
tax adjustments, Dutch crisis tax, M&A transaction costs,
increase/decrease in provision for onerous lease contracts, and the
related corporate income tax effect.
INTERXION HOLDING NV CONSOLIDATED INCOME
STATEMENT (in €'000 ― except per share data and where stated
otherwise) (unaudited)
Three Months Ended 31
Mar 31 Mar
2015 2014
Revenue 92,482
80,610 Cost of sales (36,282 ) (32,578 )
Gross profit
56,200 48,032 Other income 63 60 Sales and marketing
costs (6,679 ) (5,880 ) General and administrative costs (36,159 )
(22,231 )
Operating profit
13,425 19,981 Net finance expense (6,585 ) (5,401 )
Profit before taxation
6,840 14,580 Income tax expense (2,415 ) (4,221 )
Net profit 4,425 10,359
Basic earnings per share: (€) 0.06 0.15 Diluted earnings per share:
(€) 0.06 0.15 Number of shares outstanding at the end
of the period (shares in thousands) 69,559 68,898 Weighted average
number of shares for Basic EPS (shares in thousands) 69,393 68,871
Weighted average number of shares for Diluted EPS (shares in
thousands) 70,329 69,619
As at 31 Mar
31 Mar
Capacity
metrics
2015 2014 Equipped space (in square meters) 94,800 82,900
Revenue generating space (in square meters) 74,000 61,400
Utilisation rate 78 % 74 %
INTERXION
HOLDING NV NOTES TO CONSOLIDATED INCOME STATEMENT: SEGMENT
INFORMATION (in €'000 ― except where stated otherwise)
(unaudited)
Three Months Ended 31 Mar 31 Mar
2015 2014
Consolidated
Recurring revenue 87,051 75,871 Non-recurring revenue 5,431
4,739
Revenue 92,482
80,610 Adjusted EBITDA 40,605
34,545 Gross profit margin 60.8
% 59.6 % Adjusted EBITDA margin
43.9 % 42.9 % Total assets
1,188,761 941,658 Total liabilities 731,366 542,343 Capital
expenditure, including intangible assets (i) (67,570 ) (57,005 )
France, Germany,
the Netherlands, and the UK
Recurring revenue 54,983 47,640 Non-recurring revenue 3,627
3,132
Revenue 58,610
50,772 Adjusted EBITDA 31,370
27,294 Gross profit margin 62.0
% 61.8 % Adjusted EBITDA margin
53.5 % 53.8 % Total assets
824,515 645,929 Total liabilities 181,390 138,082 Capital
expenditure, including intangible assets (i) (33,766 ) (43,592 )
Rest of
Europe
Recurring revenue 32,068 28,231 Non-recurring revenue 1,804
1,607
Revenue 33,872
29,838 Adjusted EBITDA 18,978
15,798 Gross profit margin 64.6
% 62.2 % Adjusted EBITDA margin
56.0 % 52.9 % Total assets
312,666 237,874 Total liabilities 58,898 43,981 Capital
expenditure, including intangible assets (i) (33,125 ) (12,683 )
Corporate and
other
Adjusted EBITDA (9,743
) (8,547 ) Total assets 51,580 57,855
Total liabilities 491,078 360,280
Capital expenditure, including intangible
assets (i)
(679 ) (730 )
(i) Capital expenditure, including
intangible assets, represents payments to acquire property, plant
and equipment and intangible assets, as recorded in the
consolidated statement of cash flows as "Purchase of property,
plant and equipment" and "Purchase of intangible assets,"
respectively.
INTERXION HOLDING NV NOTES TO
CONSOLIDATED INCOME STATEMENT: ADJUSTED EBITDA RECONCILIATION
(in €'000 ― except where stated otherwise) (unaudited)
Three Months Ended 31 Mar 31 Mar
2015 2014
Reconciliation to
Adjusted EBITDA
Consolidated
Net profit 4,425 10,359 Income tax
expense 2,415 4,221
Profit before taxation
6,840 14,580 Net finance expense 6,585 5,401
Operating profit 13,425 19,981
Depreciation, amortisation and impairments 18,215 13,981
EBITDA 31,640 33,962 Share-based
payments 2,241 643 Increase/(decrease) in provision for onerous
lease contracts (100 ) - M&A transaction costs 6,887 - Income
from sub-leases on unused data centre sites (63 ) (60 )
Adjusted
EBITDA 40,605 34,545
France, Germany,
the Netherlands, and the UK
Operating profit 19,483 18,284
Depreciation, amortisation and impairments 11,717 8,919
EBITDA 31,200 27,203 Share-based
payments 333 151 Increase/(decrease) in provision for onerous lease
contracts (100 ) - Income from sub-leases on unused data centre
sites (63 ) (60 )
Adjusted EBITDA 31,370
27,294
Rest of
Europe
Operating profit
13,347
11,468 Depreciation, amortisation and impairments
5,435
4,280
EBITDA
18,782
15,748 Share-based payments
196
50
Adjusted EBITDA
18,978
15,798
Corporate and
Other
Operating profit/(loss)
(19,405 )
(9,771 ) Depreciation, amortisation and impairments
1,063
782
EBITDA
(18,342 )
(8,989 ) Share-based payments
1,712
442 M&A transaction costs 6,887 -
Adjusted
EBITDA
(9,743 )
(8,547 ) INTERXION HOLDING
NV CONSOLIDATED BALANCE SHEET (in €'000 ― except where
stated otherwise)
(unaudited)
As at 31 Mar 31 Dec
2015 2014
Non-current assets Property, plant and equipment 944,232
895,184 Intangible assets 21,055 18,996 Deferred tax assets 31,107
30,064 Financial assets 774 774 Other non-current assets 7,180
5,750
1,004,348 950,768 Current
assets Trade and other current assets 128,781 120,762 Short
term investments 1,650 1,650 Cash and cash equivalents 53,982
99,923
184,413 222,335
Total assets 1,188,761 1,173,103
Shareholders’ equity Share capital 6,956 6,932 Share
premium 499,181 495,109 Foreign currency translation reserve 23,193
10,440 Hedging reserve, net of tax (271 ) (247 ) Accumulated
deficit (71,664 ) (76,089 )
457,395 436,145
Non-current liabilities Trade payables and other liabilities
12,353 12,211 Deferred tax liabilities 9,217 7,029 Provision for
onerous lease contracts 625 1,491 Borrowings 540,319 540,530
562,514 561,261 Current liabilities
Trade payables and other liabilities 157,930 146,502 Income tax
liabilities 5,153 4,690 Provision for onerous lease contracts 3,423
3,443 Borrowings 2,346 21,062
168,852
175,697 Total liabilities 731,366
736,958 Total liabilities and shareholders’
equity 1,188,761 1,173,103
INTERXION HOLDING NV NOTES TO THE
CONSOLIDATED BALANCE SHEET: BORROWINGS (in €'000 ― except where
stated otherwise) (unaudited)
As at 31 Mar 31
Dec
2015 2014
Borrowings net of
cash and cash equivalents
Cash and cash equivalents
(ii)
53,982 99,923
6.00% Senior Secured Notes due 2020
(iii)
475,608 475,643 Mortgages 31,187 31,487 Financial leases 34,265
52,858 Other borrowings 1,605 1,605
Borrowings
excluding Revolving Facility deferred financing costs
542,665 561,593 Revolving Facility
deferred financing costs (iv) (923 ) (995 )
Total borrowings
541,742 560,598
Borrowings net of cash and cash equivalents
487,760 460,675
(ii) Cash and cash equivalents include
€4.2 million as of 31 March 2015 and €5.3 million as of 31 December
2014, which is restricted and held as collateral to support the
issuance of bank guarantees on behalf of a number of subsidiary
companies.
(iii) €475 million 6.00% Senior Secured Notes due 2020 include a
premium on the additional issuance and are shown after deducting
underwriting discounts and commissions, offering fees and expenses.
(iv) Deferred financing costs of €0.9 million as of 31 March 2015
were incurred in connection with the €100 million revolving
facility.
INTERXION HOLDING NV
CONSOLIDATED STATEMENT OF CASH FLOWS (in €'000 ― except
where stated otherwise) (unaudited)
Three Months
Ended 31 Mar 31 Mar
2015 2014
Profit for the period 4,425 10,359 Depreciation, amortisation and
impairments 18,215 13,981 Provision for onerous lease contracts
(925 ) (819 ) Share-based payments 2,241 643 Net finance expense
6,585 5,401 Income tax expense 2,415 4,221 32,956
33,786 Movements in trade and other current assets (1,631 ) (800 )
Movements in trade and other liabilities 2,874 1,306
Cash generated from operations 34,199 34,292
Interest and fees paid (*) (13,574 ) (10,826 ) Interest received 49
67 Income tax paid (2,320 ) (358 )
Net cash flows from operating
activities 18,354 23,175 Cash flows from
investing activities Purchase of property, plant and equipment
(65,318 ) (56,391 ) Purchase of intangible assets (2,252 ) (614 )
Net cash flows from investing activities (67,570
) (57,005 ) Cash flows from financing
activities Proceeds from exercised options 2,178 256 Repayment
of mortgages (320 ) (167 ) Proceeds Revolving Facility - 30,000
Repayment of other borrowings - (11 )
Net cash flows from
financing activities 1,858 30,078 Effect of
exchange rate changes on cash 1,417 1
Net movement
in cash and cash equivalents (45,941 )
(3,751 ) Cash and cash equivalents, beginning of
period 99,923 45,690
Cash and cash equivalents,
end of period 53,982 41,939
(*) Interest paid is reported net of cash interest capitalised,
which is reported as part of “Purchase of property, plant and
equipment".
INTERXION HOLDING NV
NOTES TO CONSOLIDATED INCOME STATEMENT: ADJUSTED NET PROFIT
RECONCILIATION (in € millions ― except per share data and where
stated otherwise) (unaudited)
Three Months Ended
31 Mar 31 Mar
2015 2014
Net profit -
as reported 4.4 10.4 Add back +
M&A transaction costs 6.9 - 6.9 -
Reverse
- Adjustments to onerous lease (0.1 ) - - Interest capitalised (0.9
) (0.8 ) (1.0 ) (0.8 )
Tax effect of above add backs
& reversals (1.4 ) 0.2
Adjusted Net profit 8.9 9.8
Reported Basic EPS: (€) 0.06 0.15 Reported Diluted EPS: (€)
0.06 0.15 Adjusted Basic EPS: (€) 0.13 0.14 Adjusted Diluted
EPS: (€) 0.13 0.14
INTERXION
HOLDING NV Status of Announced Expansion Projects as at 7
May 2015 with Target Open Dates after 1 January 2015
Equipped
CAPEX (a, b)
Space (a)
Market Project (€million)
(sqm) Target Opening Dates Amsterdam
AMS 7: Phases 1 - 6 New Build 115 7,400 1Q 2014 - 2Q 2015 (c)
Dusseldorf DUS 1: Phase 3 Expansion 3 400 2Q 2015 Frankfurt FRA 10:
Phases 1 - 2 New Build 92 4,800 1H 2016 (d) Madrid MAD 2: Phase 2
Expansion 4 800 3Q 2015 Marseille MRS 1: Phases 1 - 2 20 1,400 4Q
2014 - 2Q 2015(e) Stockholm STO 4: New Build 15 1,100 2Q 2015
Vienna VIE 2: New Build 42 2,800 4Q 2014 - 4Q 2015 (f)
Total
€ 291 18,700 (a) CAPEX and Equipped
Space are approximate and may change. Figures are rounded to
nearest 100 sqm unless otherwise noted. (b) CAPEX reflects the
total spend for the projects listed at full power and capacity and
the amounts shown in the table above may be invested over the
duration of more than one fiscal year. (c) Phase 1 (1,100 square
metres) became operational in 1Q 2014; phase 2 (1,000 square
metres) became operational in 2Q 2014; Phase 3 (1,500 square
metres) became operational in 3Q 2014; phase 4 (1,300 square
metres) became operational in 4Q 2014; phase 5 (1,300 square
metres) became operational in 1Q 2015; Phase 6 (1,200 square
meters)is scheduled for 2Q 2015. (d) Phases 1 and 2 (1,200 square
metres each) are scheduled to become operational in 1H 2016.
Construction of phases 3 & 4 (1,200 square metres each) has not
yet been announced. (e) Phase 1 (600 square metres) became
operational in 4Q 2014. Phase 2 (800 square metres) is scheduled to
become available in 2Q 2015. Marseille costs include the purchase
of land, buildings, and data centre equipment. (f) In 4Q 2014,
1,300 square metres became operational; in 1Q 2015, 600 square
metres became operational; in 2Q 2015, 600 square metres are
scheduled to become operational. In 4Q 2015, 300 square metres are
scheduled to become operational.
Interxion Holding NVInvestor Relations:Jim Huseby, +1
813-644-9399IR@interxion.com
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