#1Cyxtera Q4 & FY 2021 Earnings Supplemental Data March 22, 2022 Cyxtera#2Disclaimer This presentation includes "forward-looking statements" within the meaning of the federal securities laws. Forward looking statements contained in this presentation include statements concerning Cyxtera's estimated financial performance for 2022. 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 Cyxtera's control. Actual results and conditions (financial or otherwise) may differ materially from those indicated in the forward-looking statements. 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 Cyxtera's 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 Cyxtera's operations; any failure of Cyxtera's 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; Cyxtera's fluctuating operating results; Cyxtera's ability to maintain its credit ratings; Cyxtera's government contracts, which are subject to early termination, audits, investigations, sanctions and penalties; Cyxtera's reliance on third parties to provide internet connectivity to its data centers; the incurrence of goodwill and other intangible asset impairment charges, or impairment charges to Cyxtera's property and equipment, which could result in a significant reduction to its earnings; Cyxtera's ability to access external sources of capital on favorable terms or at all, which could limit Cyxtera's ability to execute its business and growth strategies; the requirements of being a public company, including maintaining adequate internal controls over financial and management systems; Cyxtera's ability to manage its growth; volatility of the market price of Cyxtera's Class A common stock; and Cyxtera's 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. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the "Risk Factors" disclosed in Cyxtera's filings with the Securities and Exchange Commission ("SEC") from time to time. 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. In addition, forward-looking statements reflect Cyxtera's expectations, plans or forecasts of future events and views as of the date of this presentation. Accordingly, you should not place undue reliance upon any such forward-looking statements in this presentation. Neither Cyxtera nor any of its affiliates assume any obligation to update this presentation, except as required by law. Statement Regarding Non-GAAP Financial Measures This presentation contains 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"). 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. 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. As a Non-GAAP financial measure, Transaction Adjusted EBITDA excludes items that are significant in understanding and assessing Cyxtera's financial results or position. 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. You should be aware that Cyxtera's presentation of this measure may not be comparable to similarly-titled measures used by other companies. Refer to the Appendix to this presentation, which includes a reconciliation of the non-GAAP financial measures included in this presentation to the most directly comparable GAAP financial measures. This presentation also includes certain projections of non-GAAP financial measures concerning Cyxtera. 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. Consequently, no disclosure of estimated comparable GAAP measures is included and no reconciliation of the forward-looking non-GAAP financial measures is included. Cyxtera 2#3Presenters Cyxtera Nelson Fonseca - Chief Executive Officer Carlos Sagasta - Chief Financial Officer 3#4Q4 and Full-Year 2021 Financial and Business Highlights Total revenue increased by $5.7 million, or 3.3%, to $178.4 million in the fourth quarter. Full-year total revenue increased by $13.2 million, or 1.9% year over year, to $703.7 million Recurring revenue increased by $6.4 million, or 3.9%, to $170.3 million in the fourth quarter. Full-year recurring revenue increased by $14.1 million, or 2.1% year over year, to $671.5 million Core revenue increased by $11.6 million, or 7.7%, to $162.5 million in the fourth quarter. Core revenue increased by $43.8 million, or 7.4% year over year, to $639.2 million Average monthly Core Churn of 0.6% in the fourth quarter improved by 60 basis points over the same quarter of last year; average monthly Core churn of 0.8% in 2021 was an improvement of 20 basis points over 2020 Interconnection revenue accounted for 11% of total revenue for full year 2021, and grew 11% year over year Transaction Adjusted EBITDA increased by $0.8 million, or 1.7%, to $48.0 million in the fourth quarter. Full-year Transaction Adjusted EBITDA increased by $8.9 million, or 4.1%, year over year, to $224.4 million Stabilized occupancy of 71.4% at year-end 2021, an increase of 430 basis points from year-end 2020 Cyxtera#5Q4 and Full-Year 2021 Financial and Business Highlights Increased customer adoption of industry-leading Digital Exchange and Bare Metal platforms and continued innovation with launch of SmartCabs ■ I ■ ■ ■ ■ Successfully completed business combination with SVAC to become a publicly traded company in July 2021, providing Cyxtera access to new capital sources to fuel growth, accelerated product and technology innovation, enhanced ability to quickly meet customer needs and support further strategic go-to-market efforts Announced and completed the redemption of 20.2 million outstanding public and private warrants Continued to de-lever the balance sheet with year-end 2021 net financial leverage of 3.8, a decrease from 5.6 as of year-end 2020 Credit ratings upgraded to B- and B3 by both S&P and Moody's, respectively, and stable outlooks issued from both agencies 2022 guidance range of $730M - $760M for revenue or 4% - 8% increase year over year, and $235M - $253M for Transaction AEBITDA or 5% - 13% increase year over year. Cyxtera 01#6Core Revenue & Churn Core Revenue ($ in Millions) Cyxtera $150.9 Q4'20 $156.3 Q1'21 $159.4 Q2'21 Note: Core excludes the impact of Lumen. 7.7% YoY growth in Core Revenue $161.0 Q4'21 Core Revenue of $162.5M (vs. $150.9M prior year) Q3'21 $162.5 Q4'21 Core Churn (Core Churn % of Average Core MRR) 1.2% Q4'20 1.0% Q1'21 0.9% Q2'21 0.7% Q3'21 0.6% Q4'21 Average monthly Core Churn of 0.6% for Q4'21 improved by 60bps over the same quarter of last year#7Q4 2021 Occupancy 67.1% Q4'20 2021 Q4 - YTD Occupancy Bridge +4.6% Cyxtera Stabilized (1) Markets -0.3% Lumen 71.4% Q4'21 (1) Stabilized Markets are markets that have been in operation for more than 3 years or have an occupancy rate greater than 50%. 67.1% Q4'20 Stabilized Market Occupancy Trend 67.3% Q1'21 68.4% Q2'21 68.9% Q3'21 71.4% Q4'21 7#82022 Priorities ● ● ● ● Organic Growth Maintain occupancy growth in line with 2020/21 performance Increase core revenue growth and continue churn stabilization and reduction Accelerate channel partnership sales and new logo momentum Strategic Growth Focus on accretive geographic expansion opportunities with disciplined approach to capital allocation and returns Explore avenues for greater property control and ownership Expand liquidity and capital funding diversification Cyxtera ● ● Innovation Continued interconnection growth Accelerate adoption of Digital Exchange and Bare Metal platforms Deliver enhanced flexibility to customers by increasing automation and ease of Data Center consumption ESG Focus Maintain focus on being responsible stewards of the environment with increased disclosures and strong governance Committed to achieving 100% non-carbon emitting energy consumption by 2030 Continued focus on Employee development and increasing diversity and inclusion in leadership positions#9Sustainability at Cyxtera Environment Sustainability Social Impact Governance A Cyxtera Reduce Reliance on Energy-Intensive Resources Commit to reducing greenhouse gas emissions, minimizing waste, conserving water and protecting the planet. Foster a Culture of Diversity and Inclusion Cultivate a diverse and inclusive workforce that includes employees from across different cultural backgrounds and experiences. Partner with Independent Oversight to Lead the Organization Build trust with our customers, partners, stakeholders, and industry through independent Board and executive stewardship of organizational management. At Cyxtera, we believe in harnessing our people, our products and our culture of innovation to leave the world just a little bit better than we found it. To achieve this, we rely on an integrative approach that prioritizes the needs of each of our stakeholders, including our customers, shareholders, employees, partners, the environment, and society as a whole. Empower Our Customers and Partners to Build Sustainable Businesses Enable our customers to significantly reduce their overall carbon footprint through providing more efficient data centers, enabling cost savings, and reduced environmental impact across our ecosystem. Give Back to Our Community Provide opportunities for employees to give back to their communities, whether by volunteering their time or by leveraging our platform to drive meaningful change. Integrate ESG Across Our Entire Corporate Strategy Prioritize ESG initiatives at the Board level and ensure multiple levels of oversight to encourage meaningful change across the organization. Design Data Centers with the Environment in Mind Establish proactive sustainability and efficiency measures that enable us to minimize energy demands without compromising reliability. Invest in Our Employees Recruit best-in-class employees and set them up for success by offering educational programs and resources; competitive compensation and benefits; and leadership development opportunities. Strengthen Governance with Board Diversity Provide greater accountability to all stakeholders with management strategy developed by a Board with diverse experiences and backgrounds.#10Environment Social Governance Cyxtera \\\ H 1. Calculation excludes Lumen as a customer. 100% Commitment to 100% Non- Carbon Emitting Energy Consumption 100% Leadership Commitment to Diversity and Inclusion 100% Commitment to Good Governance at the Board and Executive Levels G 00 1.5 Average PUE 53% Energy Mix: Non- Carbon Emitting 43% Gender and Ethnic Diversity at VP-level and Above 62% Gender and Ethnic Diversity in Leadership Development Program Separate Chair and CEO 78% Independent Directors cia 46% Proportion of Footprint Energy Star Certified 98% Data Centers with Ability to Meter at Rack 50% Year-Over-Year Growth in Hours of Employee Education 97% Employee Participation in 401(k) Matching Program 100% Employee Commitment to Company Code of Conduct Board-level ESG Oversight O Pat f 624 2021 Scope 2 Emissions Intensity (mtCO2e/$M Revenue) 60% Water Neutral Data Centers 10 Average Years of Tenure for Data Center Employees 14 Average Years of Tenure for Cyxtera Customers¹ 22% Female Board Members 56% Gender and Ethnic Diversity of Board Members 10#11Financial Overview#12Q4 2021 Financial Highlights Revenue ($ in Millions) $172.7 $163.9 Q4'20 Cyxtera $172.9 $164.7 Q1'21 Non-Recurring $175.4 $167.3 Q2'21 Consecutive quarters of total revenue growth Recurring $177.1 $169.3 Q3'21 5 $178.4 $170.3 Q4'21 Transaction Adjusted EBITDA ($ in Millions) $47.2 Q4'20 $56.1 Q1'21 $62.3 Q2'21 YOY growth in Transaction Adjusted EBITDA $58.1 Q3'21 1.7% $48.0 Q4'21 12#13Core Revenue & Churn Core Revenue ($ in Millions) Cyxtera $150.9 Q4'20 $156.3 Q1'21 $159.4 Q2'21 Note: Core excludes the impact of Lumen. 7.7% YoY growth in Core Revenue $161.0 Q4'21 Core Revenue of $162.5M (vs. $150.9M prior year) Q3'21 $162.5 Q4'21 Core Churn (Core Churn % of Average Core MRR) 1.2% Q4'20 1.0% Q1'21 0.9% Q2'21 0.7% Q3'21 0.6% Q4'21 Average monthly Core Churn of 0.6% for Q4'21 improved by 60bps over the same quarter of last year 13#14Q4 2021 Results Core Revenue increased by $11.6 million or 7.7% YoY to $162.5 million Transaction Adjusted EBITDA increased by $0.8 million or 1.7% year- over-year, to $48.0 million, principally due to higher revenue Cyxtera ($ in Millions) Recurring Revenue Non-Recurring Revenue Total Revenue Cost of Revenue As a % of Revenue Gross Profit % Margin Total SG&A As a % of Revenue Other (1) EBITDA % Margin Transaction Adjustments Transaction Adjusted EBITDA (2) % Margin Rent (net of adjustments) Transaction Adjusted EBITDAR(3) % Margin Capital Expenditures As a % of Revenue (1) Other includes $1.4M restructuring, impairment, site closures and related cost, $22.8M change in fair value of derivative liabilities in Q42021 and ($115.9M) impairment of notes receivable from affiliate in Q4'20 (2) Earnings Before Interest, Taxes, Depreciation, Amortization; (3) Earnings Before Interest, Taxes, Depreciation, Amortization & Rent; Q4'21 $170.3 8.1 $178.4 $103.1 57.8% $75.4 42.3% $33.1 18.6% $24.2 $18.0 10.1% $30.0 $48.0 26.9% $15.7 $63.7 35.7% $40.0 22.4% Q4'20 $163.9 8.8 $172.7 $103.2 59.7% $69.6 40.3% $34.0 19.7% ($115.9) $151.4 87.7% ($104.2) $47.2 27.3% $18.1 $65.3 37.8% $15.1 8.7% YOY Change 3.9% (8.0%) 3.3% (0.1%) (197 bps) 8.4% 201 bps (2.6%) (111 bps) (120.9%) (88.1%) (7,758 bps) 1.7% (42 bps) (2.6%) (214 bps) 165.0% 1,368 bps 14#15FY 2021 Results Core Revenue increased by $43.8M or 7.4% YoY to $639.2M Transaction Adjusted EBITDA increased by $8.9 million or 4.1% year- over-year, to $224.4 million, principally due to higher revenue partially offset by higher COR and SG&A ($ in Millions) Recurring Revenue Non-Recurring Revenue Total Revenue Cost of Revenue As a % of Revenue Gross Profit % Margin Total SG&A As a % of Revenue Other (1) EBITDA % Margin Transaction Adjustments Transaction Adjusted EBITDA (2) % Margin Rent (net of adjustments) Transaction Adjusted EBITDAR(3) % Margin Capital Expenditures As a % of Revenue FY 2021 $671.5 32.2 $703.7 $390.5 55.5% $313.2 44.5% $112.8 16.0% $100.5 $99.9 14.2% $124.5 $224.4 31.9% $61.7 $286.1 40.7% $88.5 12.6% Cyxtera (1) Other includes $69.8M restructuring, impairment, site closures and related cost, $5.2M transaction related cost, $25.5M change in fair value of derivative liabilities for FY2021 and ($97.7M) impairment of notes receivable from affiliate in FY2020 (2) Earnings Before Interest, Taxes, Depreciation, Amortization; (3) Earnings Before Interest, Taxes, Depreciation, Amortization & Rent; FY 2020 $657.4 33.1 $690.5 $390.5 56.6% $300.0 43.4% $115.5 16.7% ($97.7) $282.2 40.9% ($66.7) $215.6 31.2% $72.0 $287.6 41.6% $54.7 7.9% YOY Change 2.1% (2.6%) 1.9% 0.0% (106 bps) 4.4% 106 bps (2.3%) (69 bps) (202.9%) (64.6%) (2,668 bps) 4.1% 67 bps (0.5%) (99 bps) 61.8% 466 bps 15#16Revenue Bridge: Q4 2020 to Q4 2021 ($ in Millions) Cyxtera $172.7 Q4'20 +$10.9 Core Recurring Revenue -$4.8 Lumen Net Revenue -$0.4 FIX & Reserves $178.4 Q4'21 16#17Exit MRR Bridge: YE2020 to YE2021 ($ in Millions) $52.9 FYE2020 Cyxtera Core MRR Increase +$1.4MM +$6.9 Core Installations -$5.5 Core Disconnects $0.3 Lumen Installs -$0.9 Lumen Net Disconnects -$0.2 FX $53.5 Q4'21 Core MRR incl. FX increased by $1.2MM or 2.5% to $48.7MM primarily due to net installations 17#18Cost of Revenue Bridge: Q4 2020 to Q4 2021 ($ in Millions) $103.2 Cyxtera Q4'20 -$2.0 Installation Costs -$1.4 Other -$1.2 BRM -$2.0 Rent $6.5 Utilities $103.1 Q4'21 18#19Transaction Adjusted EBITDA Bridge: Q4 2020 to Q4 2021 ($ in Millions) Cyxtera (1) (2) $47.2 Q4'20 +$5.7 Change in Revenue (2) -$0.2 Change in Cost of Revenue (2) + $0.8 Change in SG&A Includes pro forma EBITDA adjustments related to one-time stand-up costs, recurring expenses, restructuring & cost-savings initiatives, as well as product development & start-up costs. Excludes impact of Moses Lake -$5.4 Change in Adjustments (1)(2) $48.0 Q4'21 19#20Capital Expenditures Q4 2021 CapEx (1) ($ in Millions) 18.0% $32.1 Expansion Q4 2020 CapEx (1) 3.7% $6.4 Expansion Cyxtera 4.1% $7.3 Maintenance 4.9% $8.5 Maintenance ■ $-Amount % of Revenue 0.3% $0.6 Corporate 22.4% 0.1% $0.1 Corporate $40.0 Total $-Amount % of Revenue 8.7% $15.1 Total FY 2021 CapEx (1) ($ in Millions) 9.6% $67.3 (1) Cash CapEx was $33.4MM and $24.7MM in Q421 and Q4'20, respectively and was $77.5MM and $83.2MM in FY 2021 and FY 2020 respectively. Expansion FY 2020 CapEx (1) 4.0% $27.9 Expansion 2.6% $18.4 Maintenance 3.3% $22.7 Maintenance $-Amount% of Revenue 12.6% 0.4% $2.9 Corporate ■$-Amount 0.6% $4.2 Corporate $88.5 Total % of Revenue 7.9% $54.7 Total 20#21Leverage Trend 7.4 4Q 20 5.6 7.6 1Q21 Lease Adj. Leverage (¹) 5.6 7.5 Financial Net Leverage (2) 2Q21 5.6 6.2 3Q21 3.7 6.4 4Q 21 3.8 (1) Lease Adjusted Leverage calculated as financial net debt and secured capital leases + 5x real estate lease payments (5x methodology based on Moody's Communications Infrastructure sector lease capitalization multiple); (2) Financial Net Cyxtera Leverage is calculated by dividing Financial Net Debt (Net Debt, adjusted to exclude all Capital Lease obligations) by LTM Q4 2021A Transaction Adj.EBITDA. 21#222022 Financial Guidance Cyxtera ($ in Millions) Revenue Transaction Adjusted EBITDA Maintenance Capital Expenditures Expansion Capital Expenditures 2022E $730 - $760 $235 - $253 $26 - $28 3.6% - 3.7% $102 - $127 2021A $703.7 $224.4 $21.3 3.0% $67.3 Y/Y % Change 4% - 8% 5% - 13% 22% -32% 60bps - 70bps 52% -89% 22#23Appendix#24Reconciliation of GAAP to Non-GAAP Results CYXTERA TECHNOLOGIES, INC. RECONCILIATION OF GAAP TO NON-GAAP RESULTS For Three Months Ended December 31, 2021 and 2020 (unaudited, in millions) Cyxtera Net Loss to EBITDA Reconciliation: Net (loss) income Depreciation and amortization Interest and other expenses, net Income tax benefit EBITDA Transaction Adjustments Equity-based compensation Straight-line rent adjustment Amortization of Favorable / Unfavorable Leasehold Interest & ARO accretion Stand-up separation & other Restructuring costs & other Change in fair value of warrant liabilities Impairment of note and other receivables from affiliate Total Adjustments Transaction Adjusted EBITDA Note: Numbers may not foot or cross-foot due to rounding $ $ Q4 2021 (65.6) $ 60.0 34.5 (10.9) 18.0 $ 4.1 0.6 0.8 0.4 1.3 22.8 30.0 48.0 $ Q4 2020 71.4 59.4 39.8 (19.2) 151.4 1.7 0.7 0.9 6.3 2.0 (115.9) (104.2) 47.2 25#25Reconciliation of GAAP to Non-GAAP Results CYXTERA TECHNOLOGIES, INC. RECONCILIATION OF GAAP TO NON-GAAP RESULTS For Years Ended December 31, 2021 and 2020 (unaudited, in millions) Cyxtera Net Loss to EBITDA Reconciliation: Net loss Depreciation and amortization Interest and other expenses, net Income tax (benefit) expense EBITDA Transaction Adjustments Equity-based compensation Straight-line rent adjustment Amortization of Favorable / Unfavorable Leasehold Interest & ARO accretion Stand-up separation & other Restructuring costs & other Transaction - related costs Change in fair value of warrant liabilities Impairment of note and other receivables from affiliate Total Adjustments Transaction Adjusted EBITDA Note: Numbers may not foot or cross-foot due to rounding $ $ 2021 (257.9) $ 240.6 165.0 (47.8) 99.9 9.5 3.1 3.4 4.2 73.6 5.2 25.5 124.5 224.4 $ 2020 (122.8) 231.8 169.7 3.5 282.2 7.4 2.9 3.5 11.1 6.0 (97.7) (66.7) 215.6 24#26Capitalization ($ in Millions) Cash and Cash Equivalents Revolver (Maturing 11/2023) 1st Lien Debt (Maturing 5/2024) 2nd Lien Debt (Maturing 5/2025) Capital Leases Total Debt Net Debt (¹) Less: Optional renewal portion of Capital Leases Contractual Net Debt (Excl. Optional Capital Leases) Less: Contractually obligated Capital Leases Less: Equipment Leases Financial Net Debt (Excl. All Capital Leases) Key Credit Metrics TTM Transaction Adj. EBITDA/Net Leverage (4) TTM Transaction Adj. EBITDA/ Contractual Net Leverage (5) TTM Transaction Adj. EBITDAR / Lease Adjusted Leverage (6) TTM Transaction Adj. EBITDA / Financial Net Leverage (7) Total Liquidity Rate L + 300 bps L + 300 bps (² Metric 224 224 287 224 12/31/2021 $52 40 868 (0) 976 $1,885 1,832 (186) 1,646 (758) (32) 856 8.2x 7.4 6.4 3.8 (3) Rate L + 300 bps L + 300 bps (2) L + 725 bps Metric 224 224 289 224 9/30/2021 $75 40 870 (3) (0) (3) 948 $1,858 1,783 (145) 1,638 (768) (35) 835 8.ox 7.3 6.2 3.7 $135 $158 Cyxtera (1) Net Debt is equal to total debt minus cash and cash equivalents; First Lien Net Leverage includes the Revolver and First Lien Term Loan only; (2) Incremental $100m First Lien Term Loan Interest rate of L + 400 bps; (3) Debt balances are based on GAAP reporting and are shown gross of unamortized issuance costs; (4) Net leverage is calculated by dividing net debt by LTM Q4 2021A Transaction Adj.EBITDA; (5) Contractual Net Leverage is calculated by dividing Contractual Net Debt (which includes the GAAP calculation of Capital Lease obligations, adjusted to exclude obligations attributable to the term of any future lease extension option exercisable at the Company's discretion) by LTM Q4 2021A Transaction Adj. EBITDA; (6) Lease Adjusted Leverage calculated as financial net debt and secured capital leases + 5x real estate lease payments (5x methodology based on Moody's Communications Infrastructure sector lease capitalization multiple); (7) Financial Net Leverage is calculated by dividing Financial Net Debt (Net Debt, adjusted to exclude all Capital Lease obligations) by LTM Q4 2021A Transaction Adj.EBITDA. 26#27Cyxtera ©2022 Cyxtera Technologies, Inc. All Rights Reserved. The Cyxtera logo and certain product names are the property of Cyxtera. All other marks are the property of their respective owners.