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 and year ended 31
December 2015.
“Our 2015 performance demonstrates the continued strength of our
business model and the value that our customers receive from being
colocated in our connectivity-rich and cloud-rich data centres
across our European footprint. Our 2015 results include 14%
recurring revenue growth, 17% adjusted EBITDA growth, attractive
margin gains, and high utilization, all of which lead to increased
value for our shareholders.” said David Ruberg, Interxion’s Chief
Executive Officer. “Our Communities of Interest market strategy
helped drive our growth in 2015 and positions us well for growth in
the future as the IT industry is in the early stages of investing
in the shift from legacy IT implementations to the cloud.”
Financial Highlights
- Revenue for the fourth quarter and full
year (FY) increased by 12% and 13% to €100.7 million and €386.6
million, respectively (4Q 2014: €89.9 million; FY 2014: €340.6
million)
- Adjusted EBITDA1 for the fourth quarter
and full year increased by 16% and 17% to €44.9 million and €171.3
million, respectively (4Q 2014: €38.7 million; FY 2014: €146.4
million)
- Adjusted EBITDA margin for the fourth
quarter and full year increased by 160 bps and 130 bps to 44.6% and
44.3%, respectively (4Q 2014: 43.0%; FY 2014: 43.0%)
- Net profit for the fourth quarter and
full year increased by 64% and 39% to €12.1 million and €48.6
million, respectively (4Q 2014: €7.4 million; FY 2014: €35.1
million)
- Earnings per diluted share for the
fourth quarter and full year increased by 55% and 38% to €0.17 and
€0.69, respectively (4Q 2014: €0.11; FY 2014: €0.50)
- Adjusted net profit2 for the fourth
quarter and full year increased by 69% and 17% to €12.1 million and
€37.9 million, respectively (4Q 2014: €7.2 million; FY 2014: €32.5
million)
- Adjusted earnings per diluted share2
for the fourth quarter and full year increased by 70% and 17% to
€0.17 and €0.54, respectively (4Q 2014: €0.10; FY 2014: €0.46)
- Capital Expenditures, including
intangible assets3, were €42.0 million in the fourth quarter and
€192.6 million for full year 2015
Operating Highlights
- Equipped Space increased by 1,000
square metres in the fourth quarter and 7,700 square metres for the
full year to 101,200 square metres
- Revenue Generating Space increased by
1,100 square metres in the fourth quarter and 8,100 square metres
for the full year to 79,100 square metres
- Utilisation Rate was 78% at the end of
the year
- During the fourth quarter, Interxion
opened the first phase of its DUS2 data centre in Dusseldorf and
completed an expansion of its VIE2 data centre in Vienna
- During the first quarter of 2016,
Interxion opened the first phase of its FRA10 data centre in
Frankfurt.
Quarterly Review
Revenue for the fourth quarter of 2015 was €100.7 million, a 12%
increase over the fourth quarter of 2014 and a 3% increase over the
third quarter of 2015. Recurring revenue was €95.1 million, a 14%
increase over the fourth quarter of 2014 and a 3% increase over the
third quarter of 2015. Recurring revenue in the quarter was 94% of
total revenue.
Cost of sales in the fourth quarter of 2015 was €39.2 million, a
6% increase over the fourth quarter of 2014 and a 2% increase over
the third quarter of 2015.
Gross profit was €61.4 million in the fourth quarter of 2015, a
16% increase over the fourth quarter of 2014 and a 3% increase over
the third quarter of 2015.
Sales and marketing costs in the fourth quarter of 2015 were
€7.4 million, a 13% increase compared to the fourth quarter of 2014
and a 6% increase over the third quarter of 2015. Other general and
administrative costs4 were €9.2 million, a 19% increase compared to
the fourth quarter of 2014 and a 4% increase compared to the third
quarter of 2015.
Adjusted EBITDA for the fourth quarter of 2015 was €44.9
million, a 16% increase compared to the fourth quarter of 2014 and
a 3% increase compared to the third quarter of 2015. Adjusted
EBITDA margin was 44.6% in the fourth quarter of 2015 compared to
43.0% in the fourth quarter of 2014 and 44.6% in the third quarter
of 2015.
Depreciation, amortisation, and impairments in the fourth
quarter of 2015 was €20.2 million, an increase of 17% compared to
the fourth quarter of 2014 and a slight decrease compared to the
third quarter of 2015.
Operating profit during the fourth quarter of 2015 was €22.8
million, a 21% increase compared to the fourth quarter of 2014 and
a 6% increase compared to the third quarter of 2015.
Net finance expense for the fourth quarter of 2015 was €8.1
million, a 1% increase compared to the fourth quarter of 2014, and
a 26% increase compared to the third quarter of 2015, during which
Interxion reported a €2.3 million gain as part of its net finance
expense following the sale of a financial asset.
Income tax expense for the fourth quarter of 2015 was €2.6
million, a 26% decrease compared to the fourth quarter of 2014, and
a 46% decrease compared to the third quarter of 2015.
Net profit was €12.1 million in the fourth quarter of 2015, a
64% increase compared to the fourth quarter of 2014 and a 17%
increase compared to the third quarter of 2015.
Adjusted net profit was €12.1 million in the fourth quarter of
2015, a 69% increase compared to the fourth quarter of 2014 and a
39% increase compared to the third quarter of 2015.
Cash generated from operations, defined as cash generated from
operating activities before interest and corporate income tax
payments and receipts, was €38.1 million in the fourth quarter of
2015, a 6% decrease compared to the fourth quarter of 2014, and an
11% decrease compared to the third quarter of 2015.
Capital expenditures, including intangible assets, were €42.0
million in the fourth quarter 2015 compared to €47.8 million in the
fourth quarter of 2014 and €35.3 million in the third quarter of
2015.
Cash and cash equivalents were €58.6 million at 31 December
2015, compared to €99.9 million at year end 2014. Total borrowings,
net of deferred revolving facility financing fees, were €555.1
million at year end 2015 compared to €560.6 million at year end
2014. As of 31 December 2015, the company’s revolving credit
facility was undrawn.
Equipped space at year end 2015 was 101,200 square metres
compared to 93,500 square metres at year end 2014 and 100,200
square metres at the end of the third quarter 2015. Revenue
generating space at year end 2015 was 79,100 square metres compared
to 71,000 square metres at year end 2014 and 78,000 square metres
at the end of the third quarter 2015. Utilisation rate, the ratio
of revenue-generating space to equipped space, was 78% at year end
2015 compared to 76% at year end 2014 and 78% at the end of the
third quarter 2015.
Annual Review
Revenue for 2015 was €386.6 million, a 13% increase compared to
2014. Recurring revenue for 2015 was €365.2 million, a 14% increase
compared to 2014, and accounted for 94% of total revenue in both
2015 and 2014.
Gross profit was €234.9 million in 2015, a 17% increase compared
to 2014.
Sales and marketing costs for 2015 were €28.2 million, a 15%
increase compared to 2014.
Adjusted EBITDA for 2015 was €171.3 million, a 17% increase
compared to 2014. Adjusted EBITDA margin for 2015 was 44.3%, an
increase of 130 bps compared to 2014.
Net profit was €48.6 million in 2015, an increase of 39%
compared to 2014. Diluted earnings per share in 2015 were €0.69 on
a weighted average of 70.5 million diluted shares, a 38% increase
compared to €0.50 on a weighted average of 69.9 million diluted
shares in 2014. Net profit and earnings per share in 2015 were
impacted by €11.8 million of M&A transaction costs, €20.9
million of M&A transaction break fee income, and a €2.3 million
gain on the sale of a financial asset. Net profit and earnings per
share in 2014 were impacted by €0.3 million of M&A transaction
costs and €0.6 million of refinancing costs.
Adjusted net profit was €37.9 million in 2015, a 17% increase
compared to 2014. Adjusted earnings per diluted share were €0.54 on
a weighted average of 70.5 million diluted shares, a 17% increase
compared to €0.46 on a weighted average of 69.9 million diluted
shares in 2014.
Cash generated from operations, defined as cash generated from
operating activities before interest and corporate income tax
payments and receipts, was €169.4 million in 2015, an increase of
25% compared to 2014.
Capital expenditures, including intangible assets, were €192.6
million in 2015 compared to €216.3 million in 2014.
During 2015, Interxion opened 7,700 square metres of new
Equipped Space capacity, and installed a net 8,100 Revenue
Generating Square Metres, increasing utilisation to 78% from
76%.
Business Outlook
The company today is providing guidance for full year 2016:
Revenue €416 million – €431 million Adjusted EBITDA
€185 million – €195 million Capital Expenditures (including
intangibles) €200 million – €220 million
Conference Call to Discuss Results
Interxion will host a conference call today at 8:30 a.m. ET
(1:30 pm GMT, 2:30 pm CET) to discuss Interxion’s 4Q and 2015 year
end 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 8 March 2016. 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 25907881.
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”).
Interxion does not assume any obligation to update the
forward-looking information contained in this report.
Use of Non-IFRS Information
We define EBITDA as operating profit plus depreciation,
amortization and impairment of assets. We define Adjusted EBITDA as
EBITDA adjusted to exclude share-based payments, M&A
transaction costs, increase/(decrease) in provision for onerous
lease contracts, M&A transaction break fee income, and income
from sub-leases of 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 from EBITDA to
Adjusted EBITDA is provided in the notes to our consolidated income
statement included elsewhere in this press release.
Adjusted earnings per diluted share amounts are determined on
Adjusted net profit. Adjusted net profit is defined as Net profit
excluding the impact of refinancing charges, M&A transaction
costs, M&A transaction break fee income, profit on sale of
financial asset, increase/(decrease) in the provision for onerous
lease contracts, interest capitalised, and the related corporate
income tax effect with respect to the foregoing items. 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, M&A transaction costs,
increase/(decrease) in provision for onerous lease contracts,
M&A transaction break fee income, 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.
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 41 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 600 connectivity providers, 21 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 We define Adjusted EBITDA as EBITDA adjusted to exclude
share-based payments, M&A transaction costs,
increase/(decrease) in provision for onerous lease contracts,
M&A transaction break fee income, and income from sub-leases of
unused data centre sites.
2 Adjusted net profit is defined as Net profit excluding the
impact of refinancing charges, M&A transaction costs, M&A
transaction break fee income, profit on sale of financial asset,
increase /(decrease) in the provision for onerous lease contracts,
interest capitalised, and the related corporate income tax effect
with respect to the foregoing items. Adjusted earnings per diluted
share amounts are determined on Adjusted net profit.
3 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.
4 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.
INTERXION HOLDING NV CONSOLIDATED INCOME
STATEMENT (in €'000 ― except per share data and where stated
otherwise) (unaudited)
Three Months
Ended Year Ended 31 Dec 31 Dec
31 Dec 31
Dec
2015 2014
2015 2014
Revenue
100,653 89,922 386,560 340,624 Cost of
sales (39,204) (36,968) (151,613) (139,075)
Gross profit
61,449 52,954 234,947 201,549 Other
income 86 104 21,288 271 Sales and marketing costs (7,385) (6,530)
(28,217) (24,551) General and administrative costs (31,370)
(27,685) (132,505) (98,884)
Operating profit 22,780 18,843 95,513
78,385 Net finance expense (8,084) (8,001) (29,022) (27,876)
Profit before taxation
14,696 10,842 66,491 50,509 Income tax
expense (2,557) (3,457) (17,925) (15,449)
Net profit
12,139 7,385 48,566 35,060 Basic
earnings per share: (€) 0.17 0.11 0.70 0.51 Diluted earnings per
share: (€) 0.17 0.11 0.69 0.50 Number of shares
outstanding at the end of the period (shares in thousands) 69,919
69,317 69,919 69,317 Weighted average number of shares for Basic
EPS (shares in thousands) 69,736 69,235 69,579 69,048 Weighted
average number of shares for Diluted EPS (shares in thousands)
70,675 70,132 70,499 69,922
As at 31
Dec 31 Dec
Capacity metrics 2015 2014
Equipped space (in square meters) 101,200 93,500 Revenue generating
space (in square meters) 79,100 71,000 Utilisation rate 78% 76%
INTERXION HOLDING NV
NOTES TO CONSOLIDATED INCOME STATEMENT: SEGMENT INFORMATION
(in €'000 ― except where stated otherwise) (unaudited)
Three Months Ended Year Ended 31 Dec 31 Dec
31 Dec 31 Dec
2015 2014
2015 2014
Consolidated Recurring revenue 95,074
83,718 365,175 319,184 Non-recurring revenue 5,579 6,204
21,385 21,440
Revenue 100,653
89,922 386,560 340,624
Adjusted EBITDA 44,910 38,701
171,276 146,387 Gross profit
margin 61.1 % 58.9 % 60.8
% 59.2 % Adjusted EBITDA margin
44.6 % 43.0 % 44.3 %
43.0 % Total assets 1,252,064 1,173,103
1,252,064 1,173,103 Total liabilities 744,647 736,958 744,647
736,958 Capital expenditure, including intangible assets (a)
(41,961 ) (47,821 ) (192,636 ) (216,277 )
France,
Germany, the Netherlands, and the UK Recurring
revenue 60,859 52,674 232,624 200,603 Non-recurring revenue 3,910
3,704 14,290 13,608
Revenue
64,769 56,378 246,914
214,211 Adjusted EBITDA 34,803
29,001 134,328 113,409
Gross profit margin 62.0 % 60.1
% 62.2 % 60.9 % Adjusted
EBITDA margin 53.7 % 51.4 %
54.4 % 52.9 % Total assets
878,568 804,537 878,568 804,537 Total liabilities 196,996 166,250
196,996 166,250 Capital expenditure, including intangible assets
(a) (34,877 ) (33,729 ) (131,812 ) (150,224 )
Rest
of Europe Recurring revenue 34,215 31,044 132,551
118,581 Non-recurring revenue 1,669 2,500 7,095
7,832
Revenue 35,884
33,544 139,646 126,413
Adjusted EBITDA 20,764 18,075
78,868 67,273 Gross profit
margin 65.9 % 62.3 % 64.6
% 62.1 % Adjusted EBITDA margin
57.9 % 53.9 % 56.5 %
53.2 % Total assets 309,218 290,455 309,218
290,455 Total liabilities 54,396 73,448 54,396 73,448 Capital
expenditure, including intangible assets (a) (5,568 ) (12,788 )
(55,004 ) (60,436 )
Corporate and other
Adjusted EBITDA (10,657
) (8,375 ) (41,920 )
(34,295 ) Total assets 64,278 78,111 64,278
78,111 Total liabilities 493,255 497,260 493,255 497,260 Capital
expenditure, including intangible assets (a) (1,516 ) (1,304 )
(5,820 ) (5,617 )
(a) 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 Year Ended 31 Dec 31
Dec
31 Dec 31 Dec
2015 2014
2015 2014
Reconciliation to
Adjusted EBITDA
Consolidated
Net profit 12,139 7,385 48,566
35,060 Income tax expense 2,557 3,457 17,925
15,449
Profit before taxation 14,696
10,842 66,491 50,509 Net finance expense 8,084
8,001 29,022 27,876
Operating
profit 22,780 18,843 95,513 78,385
Depreciation, amortisation and impairments 20,186 17,307
78,229 62,177
EBITDA 42,966
36,150 173,742 140,562 Share-based payments
1,467 2,330 7,161 6,576 Increase/(decrease) in provision for
onerous lease contracts - - (184 ) (805 ) M&A transaction break
fee income (a) - - (20,923 ) - M&A transaction costs (b) 563
325 11,845 325 Income from sub-leases on unused data centre sites
(86 ) (104 ) (365 ) (271 )
Adjusted EBITDA 44,910
38,701 171,276 146,387
France, Germany,
the Netherlands, and the UK
Operating profit 21,699 17,586
83,215 73,038 Depreciation, amortisation and
impairments 12,990 11,161 50,317 40,129
EBITDA 34,689 28,747 133,532
113,167 Share-based payments 200 358 1,345 1,318
Increase/(decrease) in provision for onerous lease contracts - -
(184 ) (805 ) Income from sub-leases on unused data centre sites
(86 ) (104 ) (365 ) (271 )
Adjusted EBITDA 34,803
29,001 134,328 113,409
Rest of
Europe
Operating profit 14,357 12,641
54,374 47,799 Depreciation, amortisation and
impairments 6,213 5,128 23,688 18,514
EBITDA 20,570 17,769 78,062
66,313 Share-based payments 194 306 806
960
Adjusted EBITDA 20,764
18,075 78,868 67,273
Corporate and
Other
Operating profit/(loss) (13,276 )
(11,384 ) (42,076 ) (42,452
) Depreciation, amortisation and impairments 983
1,018 4,224 3,534
EBITDA (12,293
) (10,366 ) (37,852 )
(38,918 ) Share-based payments 1,073 1,666 5,010
4,298 M&A transaction break fee income (a) - 325 (20,923 ) -
M&A transaction costs (b) 563 - 11,845 325
Adjusted EBITDA (10,657 ) (8,375
) (41,920 ) (34,295 )
(a) On 9 March 2015 the Company signed the
definitive agreement on an all-share merger (the “Implementation
Agreement”) with TelecityGroup plc ("TelecityGroup") on the terms
as announced on 11 February 2015. Following termination of the
Implementation Agreement on 29 May 2015, the Company received a
cash break-up fee of £15 million from TelecityGroup which is
reported within “Other income” in the consolidated income
statement.
(b) M&A transaction costs are costs
associated with the evaluation, diligence and conclusion or
termination of merger or acquisition activity. In the year ended 31
December 2015, M&A transaction costs included €10.7 million
related to the abandoned merger with TelecityGroup, and €1.1
million related to other activity including the evaluation of
potential asset acquisitions.
INTERXION HOLDING NV CONSOLIDATED BALANCE
SHEET (in €'000 ― except where stated otherwise) (unaudited)
As at 31 Dec 31 Dec
2015 2014
Non-current assets Property, plant and equipment 999,072
895,184 Intangible assets 23,194 18,996 Deferred tax assets 23,024
30,064 Financial assets - 774 Other non-current assets 6,686
5,750
1,051,976 950,768 Current assets
Trade receivables and other current assets 141,534 120,762 Short
term investments - 1,650 Cash and cash equivalents 58,554
99,923
200,088 222,335 Total
assets 1,252,064 1,173,103
Shareholders’ equity Share capital 6,992 6,932 Share premium
507,296 495,109 Foreign currency translation reserve 20,865 10,440
Hedging reserve, net of tax (213 ) (247 ) Accumulated deficit
(27,523 ) (76,089 )
507,417 436,145 Non-current
liabilities Trade payables and other liabilities 12,049 12,211
Deferred tax liabilities 9,951 7,029 Provision for onerous lease
contracts - 1,491 Borrowings 550,812 540,530
572,812 561,261 Current liabilities Trade
payables and other liabilities 162,629 146,502 Income tax
liabilities 2,738 4,690 Provision for onerous lease contracts 1,517
3,443 Borrowings 4,951 21,062
171,835
175,697 Total liabilities 744,647
736,958 Total liabilities and shareholders’
equity 1,252,064 1,173,103
INTERXION HOLDING
NV NOTES TO THE CONSOLIDATED BALANCE SHEET: BORROWINGS
(in €'000 ― except where stated otherwise) (unaudited)
As
at 31 Dec 31 Dec
2015 2014
Borrowings net of cash and cash equivalents
Cash and cash equivalents (a) 58,554
99,923
6.00% Senior Secured Notes due 2020(b)
475,503 475,643 Mortgages 44,073 31,487 Financial leases 34,582
52,857 Other borrowings 1,605 1,605
Borrowings
excluding Revolving Facility deferred financing costs
555,763 561,592
Revolving Facility deferred financing
costs(c)
(710 ) (995 )
Total borrowings 555,053
560,597 Borrowings net of cash and
cash equivalents 496,499 460,674
(a) Cash and cash equivalents include €4.9
million as of 31 December 2015 and €5.2 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.
(b) €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.
(c) Deferred financing costs of €0.7 million as of 31 December 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 Year Ended 31 Dec 31 Dec
31 Dec 31
Dec
2015 2014
2015 2014 Net profit
12,139 7,385 48,566 35,060 Depreciation, amortisation and
impairments 20,186 17,307 78,229 62,177 Provision for onerous lease
contracts (879 ) (859 ) (3,532 ) (4,172 ) Share-based payments 824
2,330 6,518 6,576 Net finance expense 8,084 8,001 29,022 27,876
Income tax expense 2,557 3,457 17,925 15,449
42,911 37,621 176,728 142,966 Movements in trade receivables
and other current assets (9,799 ) (4,949 ) (19,380 ) (24,026 )
Movements in trade payables and other liabilities 4,973
7,871 12,040 16,478
Cash generated from
operations 38,085 40,543 169,388
135,418 Interest and fees paid (a) (1,393 ) (1,394 ) (30,522
) (25,166 ) Interest received 35 233 152 471 Income tax paid (2,781
) (2,154 ) (11,948 ) (6,305 )
Net cash flows from / (used in)
operating activities 33,946 37,228 127,070
104,418 Cash flows from investing activities Purchase
of property, plant and equipment (40,487 ) (46,662 ) (186,115 )
(212,938 ) Purchase of intangible assets (1,474 ) (1,159 ) (6,521 )
(3,339 ) Proceeds from sale of financial asset - - 3,063 -
Acquisition financial fixed assets - (1,650 ) - (1,650 ) Redemption
of short-term investments - 1,650 -
Net cash flows from / (used in) investing activities
(41,961 ) (49,471 ) (187,923
) (217,927 ) Cash flows from financing
activities Proceeds from exercised options 3,266 478 5,686
3,324 Proceeds from mortgages 14,850 - 14,850 9,185 Repayment of
mortgages (986 ) (987 ) (2,346 ) (2,041 ) Proceeds revolving
facility - - - 30,000 Repayments revolving facility - - - (30,000 )
Proceeds 6.00% Senior Secured Notes due 2020 - - - 157,878 Interest
received at issue of Additional Notes - - - 2,600 Interest paid
related to interest received at issue of Additional Notes - - -
(2,600 ) Transaction costs related to Senior Secured Facility - - -
(646 ) Repayment of other borrowings 31 (57 ) - (72 )
Net cash flows from / (used in) financing activities
17,161 (566 ) 18,190 167,628
Effect of exchange rate changes on cash (622 ) (23 ) 1,294
114
Net increase / (decrease) in cash and cash
equivalents 8,524 (12,832 ) (41,369
) 54,233 Cash and cash equivalents, beginning of
period 50,030 112,755 99,923 45,690
Cash and cash equivalents, end of period 58,554
99,923 58,554 99,923
(a) Interest paid is reported net of cash interest
capitalized, 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 € '000 ―
except per share data and where stated otherwise) (unaudited)
Three Months Ended Year Ended 31
Dec 31 Dec
31 Dec 31 Dec
2015 2014
2015
2014 (€ in '000 - except per share data)
Net profit - as
reported 12,139 7,385 48,566 35,060
Add back + Refinancing charges - - - 616 + M&A
transaction costs 563 325 11,845 325
563 325 11,845 941
Reverse - M&A transaction break fee
income - - (20,923 ) - - Profit on sale of financial asset - -
(2,289 ) - - Increase / (decrease) in provision for onerous lease
contracts - - (184 ) (805 ) - Interest capitalised (615 ) (649 )
(2,638 ) (3,604 ) (615 ) (649 ) (26,034 ) (4,409 )
Tax
effect of above add backs & reversals 13 91 3,547 867
Adjusted net profit
12,100 7,152 37,924
32,459 Reported basic EPS: (€) 0.17 0.11 0.70
0.51 Reported diluted EPS: (€) 0.17 0.11 0.69 0.50 Adjusted
basic EPS: (€) 0.17 0.10 0.55 0.47 Adjusted diluted EPS: (€) 0.17
0.10 0.54 0.46
INTERXION HOLDING
NV Status of Announced Expansion Projects as at 2 March
2016 with Target Open Dates after 1 January 2015
CAPEX(a)(b)
Equipped Space(a)
Market Project (€ million) (sqm)
Target Opening Dates Amsterdam AMS 7: Phases 1 - 6
New Build 115 7,600 fully opened Amsterdam AMS 8: Phases 1 - 2 New
Build 50 2,600 4Q 2016 Copenhagen CPH2: Phase 1 New Build 4 500 3Q
2016 Dublin DUB3: Phases 1 - 2 New Build 28 1,200 4Q 2016
Dusseldorf DUS 1: Phase 3 Expansion 3 400 fully opened Dusseldorf
DUS 2: Phase 1 - 2 New Build 16 1,200 4Q 2015 - 2Q 2016 (c)
Frankfurt FRA 10: Phases 1 - 4 New Build 92 4,800 1Q 2016 - 4Q 2016
(d) Madrid MAD 2: Phase 2 Expansion 4 800 fully opened Marseille
MRS 1: Phases 1 - 2 30 2,200 4Q 2014 - 3Q 2016 (e) Paris PAR7:
Phase 2 14 1,100 2Q 2017 Stockholm STO 4: New Build 15 1,100 fully
opened Vienna VIE 2: New Build 65 4,200 4Q 2014 - 3Q 2017 (f)
Total € 436 27,700 (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 (600 square
metres) became operational in 4Q 2015. Phase 2 (600 square metres)
is scheduled to become operational in 2Q 2016. (d) Phases 1 and 2
(1,200 square metres each) are scheduled to become operational in
1Q 2016 and 2Q 2016, respectively; phases 3 & 4 (1,200 square
metres each) are scheduled to become operational in 4Q 2016. (e)
Phase 1 (600 square metres) became operational in 4Q 2014. The
first 900 square metres of Phase 2 became available in 3Q 2015, and
the final 800 square metres of Phase 2 is scheduled to become
operational in 3Q 2016. (f) In 4Q 2014, 1,300 square metres became
operational; in 1Q 2015, 600 square metres became operational; in
2Q 2015, 600 square metres became operational. In 4Q 2015, 300
square metres became operational. In 4Q 2016, 300 sqm is scheduled
to become operational; another 1,100 square metres is scheduled to
become operational between 2Q 2017 and 3Q 2017.
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version on businesswire.com: http://www.businesswire.com/news/home/20160302005651/en/
InterxionJim Huseby, +1-813-644-9399Investor
RelationsIR@interxion.com
InterXion Holding NV (NYSE:INXN)
過去 株価チャート
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InterXion Holding NV (NYSE:INXN)
過去 株価チャート
から 7 2023 まで 7 2024