#1Cyxtera Analyst Day May 2021 Cyxtera#2Disclaimer This presentation has been prepared by Cyxtera Technologies, Inc. ("Cyxtera," "we," "us," "our," or the "Company") and is made for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy securities, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The information set forth herein does not purport to be complete or to contain all of the information you may desire. Statements contained herein are made as of the date of this presentation unless stated otherwise, and neither this presentation, nor any sale of securities, shall under any circumstances create an implication that the information contained herein is correct as of any time after such date or that information will be updated or revised to reflect information that subsequently becomes available or changes occurring after the date hereof. On February 21, 2021, Starboard Value Acquisition Corp., a Delaware corporation ("SVAC"), entered into an Agreement and Plan of Merger (the "Merger Agreement") with Cyxtera, and the other parties thereto, pursuant to which 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"). In connection with the Transactions, SVAC filed a preliminary proxy statement (the "Proxy Statement") with the Securities and Exchange Commission (the "SEC"), which will be distributed to holders of SVAC's common stock in connection with SVAC's solicitation of proxies for the vote by the SVAC stockholders with respect to the Transactions and other matters as described in the Proxy Statement. SVAC urges its stockholders and other interested persons to read the Proxy Statement and amendments there to and documents incorporated by reference therein, as well as other documents filed with the SEC in connection with the Transactions, as these materials will contain important information about SVAC, Cyxtera and the Transactions. When available, the definitive Proxy Statement will be mailed to SVAC's stockholders. Stockholders will also be able to obtain copies of such documents, without charge, once available, at the SEC's website at www.sec.gov, or by directing a request to: Starboard Value Acquisition Corp., 777 Third Avenue, 18th Floor, New York, NY 10017. This presentation and the accompanying oral commentary contain "forward-looking" statements based on the Company's beliefs and assumptions and on information currently available to the Company. Forward-looking statements include all statements other than statements of historical fact contained in this presentation, including those made in the section entitled Financial Outlook, information or predictions concerning the future of the Company's business, anticipated events and trends, potential growth opportunities, competitive position, technological and market trends, industry environment, potential market opportunities, the economy and other future conditions. Any forward-looking statements made herein or made elsewhere by the Company are made solely based on information available to the Company as of the date hereof and based only on our current beliefs, expectations and good faith assumptions that we believe to be reasonable when made. As such, they are subject to inherent uncertainties, known and unknown risks and changes in circumstances that are difficult to predict and in many cases outside our control, and you should not rely on such forward-looking statements. The Company makes no representations or warranties that the projected results will be achieved, and actual results may differ materially from our expectations. Except as required by law, the Company does not assume any obligation to update any such forward-looking statements. The information in the presentation is provided to you as of the date of this presentation indicated and the Company does not intend to update information after distribution, even in the event that information mes materially inaccurate. SVAC and its directors and executive officers, under SEC rules, may be deemed to be participants in the solicitation of proxies of SVAC's stockholders in connection with the Transactions. Stockholders of SVAC may obtain more detailed information regarding the names, affiliations and interests of SVAC's directors and executive officers in SVAC's final prospectus for its initial public offering filed with the SEC on September 11, 2020 and in the Proxy Statement relating to the Transactions. Information concerning the interests of SVAC's participants in the solicitation, which may, in some cases, be different than those of SVAC's stockholders generally, is set forth in the Proxy Statement relating to the Transactions. This presentation also contains estimates and other statistical data made by independent parties and by the Company relating to market size and growth and other data about the Company's industry and estimated total addressable market. This data involves a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. Neither the Company nor any other person makes any representation as to the accuracy or completeness of such data or undertakes any obligation to update such data after the date of this presentation. In addition, projections, assumptions, and estimates of our future performance and the future performance of the markets in which the Company operates are necessarily subject to a high degree of uncertainty and risk. All third-party trademarks, including names, logos and brands, referenced by the Company in this presentation are property of their respective owners. All references to third-party trademarks are for identification purposes only and shall be considered nominative fair use under trademark law. This presentation contains certain supplemental financial measures that are not calculated pursuant to U.S. generally accepted accounting principles ("GAAP"). These non-GAAP financial measures are in addition to, and not as a substitute for or superior to measures of financial performance prepared in accordance with GAAP. There are a number of limitations related to the use of these non-GAAP financial measures versus their nearest GAAP equivalents. For example, other companies may calculate non-GAAP financial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison. Reference slide 63 for reconciliation of non-GAAP financial measures to the nearest GAAP. Cyxtera 2#3Agenda Time 10:05 AM EST 10:10 AM EST 10:15 AM EST 10:35 AM EST 10:50 AM EST 11:10 AM EST 11:30 AM EST 11:50 AM EST 11:55 AM EST Cyxtera Subject The Cyxtera Opportunity Introduction to Starboard Value Cyxtera Overview Data Center Portfolio Overview The Global Platform Sales Momentum Financial Overview Closing Remarks Q & A Presenter Manuel D. Medina, Executive Chairman Jeff Smith, CEO, Starboard Value LP Nelson Fonseca, President & CEO Mitch Fonseca, SVP & GM, Data Center Services Randy Rowland, COO David Keasey, EVP of Global Sales Carlos Sagasta, CFO Nelson Fonseca, President & CEO All 3#4The Cyxtera Opportunity Manuel D. Medina, Executive Chairman#5The Cyxtera Opportunity Cyxtera Cia 个 A Global Colocation Play Increased digital transformation and Hybrid IT spending drives data center investment from enterprises and service providers alike. Bandwidth heavy areas like Al, loT, Edge and 5G to drive further investment. 2,300¹ customers across myriad industries creates a diverse ecosystem with symbiotic relationships and powerful network effects. Significant Growth Opportunity High margin business Expected Adj. EBITDA growth will drive significant margin expansion (~800 bps from 2021 through 2025). Interconnection is rapidly growing and boasts 95% EBITDA margins. (1) Number of customers as of 12/31/2019 (2) DataCenters.com "What Are the Top Data Center Markets in the World?" Note: Several cities comprised of multiple markets: London (3), Chicago (2), New Jersey (2), Los Angeles (2). 个 World-Class Platform 61 facilities in 29 markets, including 10/10 of the most attractive global markets². High quality assets and consistent reliability paired with dense connectivity and powerful digital technologies. Connectivity density strengthens value proposition and includes 1000+ networks and 40K+ cross-connects. Digital Exchange built on a software-programmable and massively scalable network fabric offering access to an on-demand ecosystem. Proven Leadership Team Key members of Leadership team previously worked together at Terremark, generating a 136% shareholder return over 10 years. Terremark ultimately sold to Verizon for $2B or ~20X EBITDA. Transformed Cyxtera's world-class global platform in less than 4 years. 5#6Cyxtera's Transition to Digital Infrastructure Leader 2017- 2019 Cyxtera The Carve out & Investment BC Partners and Medina Capital understood how to carveout data center assets and position the business for long-term success as a next generation colocation platform. Separated core systems and rapidly built new systems, including CRM and ERP Created and unveiled new Cyxtera brand Stood-up new salesforce and transitioned customer relationships Launched interconnection solutions to further drive the carrier-neutral advantages of the platform Developed and launched new digital exchange technology and on-demand infrastructure solutions (Enterprise Bare Metal, IP Connect, etc.) Invested in assets across key markets Created Federal division of the company and developed FedRAMP-architected. version of digital exchange technology 2020+ Execution (2020+) Cyxtera is a fully independent global data center platform with well- invested assets Launched powerful customer portal, touted as a "game changer" Robust partner ecosystem increases stickiness among enterprises and service providers Strong sales performance in 2020 with momentum carrying over into 2021. Marketing and channel programs to drive continued demand Starboard Value Acquisition Corp. (SVAC) investment is expected to enhance brand profile, improve balance sheet, as well as afford a public currency Potential to accelerate growth through inorganic initiatives Committed ownership with high conviction in the long-term prospects of the business Current shareholders rolling 100% into the announced transaction#7Proven Management Team with Deep Bench Cyxtera Manuel D. Medina Executive Chairman Founder & Managing Partner of Medina Capital; Founder, Chairman, and CEO of Terremark Carlos Sagasta Chief Financial Officer Former CFO of Diversey, CompuCom; Grupo Cooperative ONO, Cellnex Victor Semah Chief Legal Officer Partner of Medina Capital; Former Shareholder in Corporate & Securities Practice at Greenberg Traurig David Keasey Executive Vice President, Global Sales Former CEO of Catbird; Former SVP and General Manager of Verizon Enterprise; CyberTrust, Navisite, Digex, Data Return Jason Lochhead Senior Vice President & Chief Technology Officer, Research & Development Former Chief Technologist for VMWare Cloud Foundation of VMWare; Former CTO of Terremark; Founder and Former CTO of Data Return Nelson Fonseca President & Chief Executive Officer Partner of Medina Capital; Former President, Public Sector, and SVP Sales of Terremark Randy Rowland Chief Operating Officer Partner of Medina Capital; Former SVP Product Development of Terremark; Former Sr. Director Cloud Platform Services of VMW are Leo Taddeo President, Cyxtera Federal Group & Chief Information Security Officer CSO of Cryptzone; Former Special Agent in Charge of Special Operations/Cyber Division of FBI NY Office Mitch Fonseca Senior Vice President & General Manager, Data Center Services Former Sr. Director of Strategy and Operations of GE; Former Director of Global Product Management for Colocation and Services Digital Realty; Telx Russell Cozart Senior Vice President, Marketing and Product Strategy Former Sr. Director of Product Management for Cloud, Compute & Network of GE; VMWare, Dell, Terremark 7#8Introduction to Starboard Value LP Jeff Smith, Chief Executive Officer#9-->> Overview of Starboard Value LP STARBOARD VALUEⓇ Starboard Value LP is an affiliate of SVAC's sponsor 18-year history of public market investing Extensive network of operators and advisors Substantial experience governing and overseeing companies from the boardroom Fundamental, research-based approach to investing across industries Strict decision framework of Value, Plan, and Path ("VPP") in evaluating investments Starboard has a strong history of working with companies to create significant long-term shareholder value and will provide Cyxtera with institutional sponsorship in the public markets. Cyxtera ● Plan to Unlock Value ● Potential Opportunity Clear Path Attractive Target Clear plan to unlock value Clear path to execute Potential Value Trap Starboard has applied its investment philosophy to identify an attractive private- market investment opportunity: Potential Value Trap Undervalued on Absolute Value Basis Undervalued on absolute and relative value basis 9#10Cyxtera Overview Nelson Fonseca, President & CEO#11The Cyxtera Investment Opportunity Key Stats (2019 vs. 2020) → 3 → Strong secular tailwinds for the data center industry Retail colocation is the sweet spot for facilitating digital transformation Cyxtera's platform is ideally suited to deliver on digital transformation: Diverse footprint including top 10 most attractive global data center markets ¹ Deeply interconnected platform with strong service provider ecosystem ● Industry-leading innovation Strong performance since completion of the carveout Attractive financial profile with the available capacity to support organic growth ● 39% YoY Core Bookings Growth Cyxtera (1) Data Centers.com "What Are the Top Data Center Markets in the World?"; (2) See slide 63 for a reconciliation of Adjusted EBITDA to Net Income (Loss) 3% Core Revenue Growth 11.6% Adj. EBITDA Growth² 11#12Strong Secular Tailwinds Fueling Continued Colocation Market Growth $1.1T+ Global loT Spend by 2024 (2) $288BN Big Data & Analytics Market by 2022 (1) IT outsourcing boom (% Outsourced Data Center Capacity) (6) 29% 2019A Cyxtera +20% 49% 2024E Surging data usage (Global IP Traffic, Exabytes per Month) (7) 201 2019A C CAGR: 25% 396 2022E $1.3T+ Digital Transformation Cumulative 2020-23 Spend (³) Explosion of cloud (Cloud Spend, $BN) (8) $233 2019A +15% $13T Al Contribution to Global Economy by 2030 (4) $268 2022E Massive hybrid growth (Hybrid Cloud Spend, $BN) (8) $13.2T Annual Contribution to Global Economy by 2035 (5) from 5G Buildout CAGR: 39% $18 2019A $86 2025E Source: (1) IDC.com "IDC Worldwide Big Data and Analytics Spending Guide, August (V2 2020) Forecast" (August 2020); (2) IDC.com "IDC's Worldwide Semiannual Internet of Things Spending Guide, December (V2 2020) Forecast" (Dec 2020); (3) IDC.com "New IDC Spending Guide Shows Continued Growth for Digital Transformation in 2020, Despite the Challenges Presented by the COVID-19 Pandemic" (May 2020); (4) McKinsey Navigating a world of Disruption (Jan 2019); (5) IHS Markit The 5G Economy (Nov 2019); (6) Worldwide Data center Installation Census and Construction Forecast, 2020-2024: (7) Cisco Visual Networking Index: Forecast and Methodology, 2017-2022; (8) Citi "Where The Mountains Touch The Clouds," 2018; (9) Structure Research 2020 Global Colocation Report. 12#13Enterprises Need Hybrid IT to Realize Digital Transformation Goals No Single Solution Delivers the Agility and Flexibility Businesses Require Cyxtera 70% of digital transformations fall short of their objectives, often with profound consequences. (1) 90% of Enterprises will use a combination of multiple clouds and on-premises solutions by 2022. (2) 91% of Enterprises expect to be deployed in 5 or more data centers by 2023. (3) 82% of Enterprises taking hybrid cloud approach combining the use of both public and private clouds. (4) Source: (1) BCG, ""Flipping the Odds of Digital Transformation Success", Oct 2020; (2) IDC, "IDC Expects 2021 to Be the Year of Multi-Cloud as Global COVID-19 Pandemic Reaffirms Critical Need for Business Agility" 2020; (3) "2021 Mid-Year Outlook, The Cloud Has Four Walls", Credit Suisse, April 8 2021; (4) Flexera "Flexera 2021 State of the Cloud Report," March 2021 13#14Digital Transformation Initiatives Drive Demand for Retail Colocation Cyxtera 60 40 20 0 Global Retail Colocation Market Size (in US$ billions) $29.3 5-year CAGR 8% $1.6 $11.4 $16.3 2018 $31.9 $1.7 $12.1 $18.0 2019 $34.6 $1.7 $12.9 $20.0 2020 $37.5 $1.7 $13.6 $22.1 2021 $40.6 $1.8 $14.4 $24.5 2022 $43.7 $1.7 $15.0 $27.0 2023 $46.8 $1.7 $15.6 $29.6 2024 Structure Research, Global Data Centre Colocation & Interconnection Market Share Report, 2020 Update, December 2020 $50.1 $1.7 $16.1 $32.3 2025 SYSTEM INTEGRATOR ORIENTED CAGR -0.7% NETWORK PROVIDER ORIENTED CAGR 4.5% CARRIER NEUTRAL CAGR 10.1% Carrier neutral retail colocation is the sweet spot 14#15Cyxtera: The Global Data Center Platform Cyxtera is the largest privately held global retail colocation data center provider (¹), and will be the third largest publicly held provider following the completion of the transaction (2) Global footprint of 61 data centers, in 29 markets, with a presence in each of the Top 10 most attractive markets (3) Operations across North America, Europe, and Asia 2,300+ customers (5) across all major industry verticals Focused on retail colocation and associated interconnection service High growth digital exchange technology connects enterprises with leading service providers in a deeply interconnected ecosystem Bare metal offering provides the financial and operational flexibility of cloud with the control, performance and security of enterprise-grade dedicated infrastructure Cyxtera Key Stats 3 四 $691mm '21E Revenue 61 Data Centers 29% Customers deployed in more than one data center 2,300+ Customers (5) 100% Long-Term Commitment to Carbon Neutrality 3 AN Ma ( Note: Several cities comprised of multiple markets: London (3), Chicago (2), New Jersey (2), Los Angeles (2) (1) Based on market share; (2) Based on number of markets, customers, and cross connects; (3) Data Centers.com "What Are the Top Data Center Markets in the World?"; (4) See Appendix for the definition of Adj. EBITDA; (5) As of 12/31/2020. $220mm '21E Adj. EBITDA (4) 10/10 Presence in Top Global Data Center Markets (3) 91% Revenue from large established enterprises 40,000+ Cross Connects 22 Energy Star Certified Sites 15#16Cyxtera's Scale is a Competitive Advantage Global Footprint (As of 9/30/2020) ΝΑ EU APAC 9,500+ Number of Customers (As of 9/30/2020) EQUINIX Cyxtera EQUINIX Cyxtera 4,000+ DIGITAL REALTY DIGITAL REALTY 2,300+ € CyrusOne 1,350+ Cyxtera QTS OTS ● CHCORESITE switch 1,200+ 950+ Source: Company Filings, Wall Street research. (1) As of 9/30/2020; Cyxtera data as of 12/31/2019 (2) Pro forma for Interxion. CyrusOne. CHCORESITE 950+ switch Number of Markets (As of 9/30/2020) 63 ល EQUINIX EQUINIX 48 DIGITAL REALTY 17% 162 DIGITAL REALTY Interconnection % of revenue (1) 29 Number of Cross Connects (in '000's, as of 9/30/2020) 386 9% (2) Cyxtera 40 18 QTS 10% 30 14 € CyrusOne. 14% Cyxtera CORESITE CyrusOne. 23 6% 8 CORESITE 13+ OTS N/A switch 9 switch 4% 16#17Diverse Customer Ecosystem Creates Powerful Network Effects Cyxtera has 2,300 customers - an optimal mix of enterprises and service providers. Cyxtera DELLEMC NYSE KAISER PERMANENTEⓇ P Pearson zadara zenlayer paloalto AT&T FUJITSU GEODIS A Adobe ARIZONA DEPARTMENT OF ADMINISTRATION TECHNOLOGY PARSONS LUMENⓇ proofpoint. zayo ROBLOX Megaport Enterprises BOSCH Invented for life Capgemini Service Providers THOMSON REUTERS MARVEL EL. Alibaba Qualys. unity CLOUDFLARE Hewlett Packard Enterprise ALLEN & OVERY Fidelity REFINITIV Ellie Mae NVIDIA PURESTORAGE NUTAND verizon CC CROWN CASTLE 17#18Cyxtera Offers Meaningful Product Differentiation |-- 圓 € Cyxtera Global Reach Differentiated Interconnection Platform Bare Metal Offering FedRAMP Architecture AI/ML Offering Cyxtera 29 Markets Digital Exchange Developed In-House EQUINIX Acquired via Packet DIGITAL REALTY Public peers TH CORESITE QTS switch 18#19Attractive Financial Profile Bookings Growth (1) (LTM $ in Millions) $58.8 4Q19A Cyxtera $61.2 1Q20A $66.0 2Q20A $72.0 3Q20A 4Q19A vs. 1Q21A: +55% $82.8 4Q20A $91.2 1Q21A Total Revenue ($ in Millions) $679 $580 2019A Adjusted EBITDA ($ in Millions) $193 $691 2019A $595 2020A Long-term Core¹ Revenue Growth Rate $216 2020A Long-term Adj. EBITDA Growth Rate $691 (1) Core revenue excludes Lumen as a customer; Bookings represent the dollar amount of sales of Cyxtera services, presented in terms of annualized recurring revenue. Bookings are recognized as Revenue once sold services are provisioned and commence billing, which takes 6-9 months on average from when the Booking originated $616 2021E $220 2021E Lumen $719 Core1 $652 2022E -7% 2021E-2025E $245 2022E -12% 2021E-2025E 19#20Substantial Organic Growth with Inorganic Upside Organic Plan Revenue Growth & EBITDA Expansion 1 Capitalize on In-Place Capacity 67% Current Occupancy Cyxtera Additional Capacity in Key Markets as Needed 2 Expand Existing Footprint London / Singapore / Chicago / Silicon Valley (1) Based on 65 strategic colocation deals since 2012. HA Incremental Revenue per Customer 3 Cross-Sell on Global Platform Multi-market, Interconnection, Digital Exchange and Bare Metal Multiple Value-Creation Levers Inorganic Opportunities 4 Geographic Expansion Europe, Asia, and Latin America 5 Strategic M & A $59BN of strategic M&A in sector since 2012 (1) I 20#21Data Center Portfolio Overview Mitch Fonseca, SVP & GM, Data Center Services#22APJ Diverse Global Presence Cyxtera Singapore Tokyo ● Global leader in colocation and interconnection services Expansive portfolio of data centers built and operated to meet and exceed industry standards Robust infrastructure design and experienced operational team that leads to best-in-class availability Customer-focused approach to global service delivery NORTH AMERICA Los Angeles (1) Data Centers.com "What Are the Top Data Center Markets in the World?" Vancouver Seattle Silicon Valley Denver Albuquerque Phoenix Minneapolis Chicago Columbus Dallas Toronto Atlanta Montréal Tampa Boston NY/NJ Northern Virginia ΕΜΕΑ 29 61 Markets Data Centers 99.999% Availability 3+ years London 10/10 most attractive global data center markets ¹ Amsterdam 245 Megawatts Frankfurt 22#23The Global Data Center Platform Digital infrastructure built to meet the demands of the modern enterprise and technology service providers. Reliability & Performance Efficiency & Cost Savings Cyxtera Concurrently maintainable Uninterruptible Power Supply (UPS) systems with N+1 redundancy Portfolio of data centers built to Tier III standards 99.999% Availability through the last 3+ years Operational management team with average of 10 years of experience operating data centers Reduce total cost of ownership (TCO) with efficient power, space and cooling 22 Energy Star Certified sites PUE Program that has driven PUE down more than 10% ¹ Co-Generation projects in Boston and Los Angeles (1) PUE based on average for 2021 Consistency Flexibility & Agility (x) さ Global standards ensure industry-leading reliability, security and performance in all locations Remote management portal for all DCIM type activities AICPA SOC 27001 Cooted Man SSAE-18 ISO 14001 ISO Vettzy ISO 50001 INAYAGEMENT Contractual structure tailored towards customer growth and efficiency Single global contract for all products Global contracts offer portability across markets Offer custom solutions to meet customer needs 23#24Available Capacity By Market Strategic data center footprint focused on top 10 most attractive global data center markets ¹ Ample sellable capacity to meet current revenue growth targets requiring limited expansion capital Targeted expansion plans for top 10 data center markets¹ once occupancy approached -75% ● ● Markets targeted for near-term expansions - Singapore, Silicon Valley, London and Chicago Leverage "just-in-time" capital model to drive higher occupancy rates Expansion outside Top 10 markets¹ are evaluated based on customer demand and commitments Cyxtera (1) Data Centers.com "What Are the Top Data Center Markets in the World?"; (2) Cyxtera data as of May 1, 2021. Top 10 Markets 1,2 Market New Jersey Northern Virginia Dallas Los Angeles Chicago Seattle Silicon Valley London Phoenix Denver Atlanta Toronto Amsterdam Columbus Albuquerque Boston Frankfurt Tampa Montreal Singapore Minneapolis Vancouver To Total # of DCs 5 6 2 3 4 3 8 5 2 3 2 2 1 1 1 2 2 1 1 3 2 1 1 61 Available SF (000s) 126 73 72 53 51 39 38 27 23 23 22 18 12 8 7 5 5 4 2 1 1 1 1 611 Occupancy 53% 66% 40% 59% 73% 63% 85% 79% 64% 64% 51% 68% 5% 60% 44% 91% 48% 78% 60% 97% 93% 89% 86% 67% 24#25Sales Momentum Driving Increased Occupancy Occupancy increase in 2020 does not tell the whole story Sales transformation has yielded strong growth within core customer base Lumen renewal provides unique opportunity to increase yield Over 80% of the returned Lumen capacity is in top 10 markets¹ ● New Markets Amsterdam ● Sales momentum carried into 2021 is expected to drive absorption and occupancy across portfolio Cyxtera (1) Data Centers.com "What Are the Top Data Center Markets in the World?" 2020 Occupancy Bridge 66.4% Jan 2020 +3.4% Existing Markets -0.4% New Markets -2.3% Lumen 67.1% Dec 2020 25#26Expansion Potential in Key Markets → 81% of sellable capacity located within the top 10 data center markets ¹ Ability to expand within top 10 data center markets ¹ quickly and efficiently ● ● Operational synergies drive higher gross margins Efficient capital deployments, as low as $7M per MW Cyxtera (1) DataCenters.com "What Are the Top Data Center Markets in the World?" Access to 816K Square Feet (SF) of Capacity in Top 10 Global Markets ¹ Market Amsterdam Chicago Dallas London Los Angeles New Jersey Northern Virginia Seattle Silicon Valley Singapore Total # of DCs 1 4 2 5 3 5 6 3 8 3 40 Available In- Place Capacity (SF) 12 51 72 27 53 126 73 39 38 1 492 Percentage of available in-place as total of overall current 2% 8% 12% 4% 9% 21% 12% 6% 6% 0% 81% Est. Expansion Potential (SF) 0 52 10 30 13 34 48 50 55 0 324 Total SF Potential ('000) 12 103 82 57 66 160 121 89 93 1 816 26#27The Global Platform Randy Rowland, COO#28Building Next Generation Colocation → Why This Matters Dynamic ecosystems of service providers Colocation at the speed of cloud Single-pane-of-glass across all environments Cyxtera Digital Exchange Software-programmable and massively scalable network fabric ● ● ● On demand ecosystem of NSPs, cloud on- ramps and technology service providers. Enable east-west connections between enterprises and service providers ||||||||| Cyxtera Services Colocation Service Providers 11 Cloud On-Ramps & NSPS Enterprise Bare Metal Note: East-West connections connote establishing connections between parties within the same Data Center. Bare Metal Provide the financial and operational flexibility of cloud with the control, performance and security of enterprise- grade dedicated infrastructure ● ● ● Integrate seamlessly with existing colocation environments Point and click provisioning via web- based interface or APIs IL ||| III [11 III ||| ||| III III ||| ● ● . • . a . ● . ● Cyxtera Production-Ready Infrastructure Self-Service Portal Web portal and API-based access Programmatic control over environments Seamless integration with customers' existing tools Remote management, monitoring, and optimization End-to-end automation of orders and service requests ● ● C. API IT Infrastructure Leaders Data Center Environments 28#29Interconnection Third largest interconnection service provider globally (1) Offering low-latency, direct connections to all major cloud providers, most within 3ms Access to a densely-connected global ecosystem of network and technology servic providers. Robust interconnection portfolio with on-demand connectivity allows customers to rapidly adjust to changes in business needs ///////// Dark Fiber On-Premise Cyxtera NSPs Hoto SD-WAN € Cloud On-Ramps (1) Based on number of total interconnects as reported by public peers. Edge XaaS Number of Networks Average Network Providers Available per Site Unique Network Service Providers Percent of data center footprint within 3ms of latency to public cloud on-ramps Interconnection Growth (Interconnection Revenue as % of Total Revenue) 94% AWS Initial 467 1,000+ 8 17 106 240+ 10% Current 2019A 89% 89% Azure GCP 500 bps 12% 2022E 15% 2025E 29#30Digital Exchange ↑ Software-Defined Interconnection Massively scalable multitenant network fabric Designed to integrate with existing colocation networks via Layer 2 Proprietary software engine developed in-house to create real-time secure networks Robust, growing ecosystem of NSPs, cloud on-ramps and technology service providers → On-Demand Ecosystems Storage platforms, Analytics, XaaS Secure, high-performance compute: Al/ML, HCI and Bare Metal servers Integrated bandwidth enables deployment from anywhere in the world Cyxtera Cloud On-Ramps Lumen Megaport Zayo Cyxtera Services Enterprise Bare Metal AI/ML Compute IP Bandwidth Cyxtera Marketplace Service Providers Storage Platforms Analytics XaaS ||||||| ||||||| Network Providers SD-WAN NSP/Carriers //// Production-Ready Infrastructure . Colocation ///// 30#31Enterprise Bare Metal Enables Customers to Instantly Provision Enterprise- Grade Infrastructure to Scale Rapidly - Without Compromising on Performance, Cost or Control. → Dedicated, cloud-agile private infrastructure Single-tenant, enterprise-class servers and storage Seamless extension to colocation environments Point & Click, on-demand provisioning via API and portal Designed to augment colocation for the ultimate hybrid IT solution Cyxtera ola www. III www www Hewlett Packard HPE ProLiant Enterprise III III IIIII www 11111 IIIII NUTANIX . . m www FUJITSU Fujitsu PRIMERGY (EMEA markets only) m ww m www www IIIII m www mi Nutanix HCI m NVIDIA. NVIDIA DGX A-100 Systems 31#32Cyxtera Portal Bringing Customers Closer to their Data Center Environments than Ever Before Web portal and API-based access Programmatic control over environments Seamless integration with customers' existing tools Remote management, monitoring, and optimization End-to-end automation of orders and service requests Promotes interconnection and marketplace Cyxtera O Lo Cyxtera + Overview OP O Exchange Spaces Monitor Contacts Create Notifications Raj Jana â Data Centers Filter By Account + Add Filter SFO1-A Santa Clara, CA ◇ 01-Apollo 06.LK.91047592724.1 02392 WLS.0183 LHR2-B London, UK Ⓡ SEA2-A Seattle, WA Spaces> Inventory > 01-Apollo SF01 | CAGE 01.CM.086 | 200 SQ FEET (18.58 SQ METERS) BAN 8113679 | SERVICE ID 102392 Interconnection Products Ecosystem Connect Bundle Network ID CYX.DFW1-A.50.678923-001 01 Extended Cor hect LABEL Description 02 Order New Interconnection Product Ecosystem Entrance Panel Network ID CYX.DFW1-A.50.162727-001 Space & Power Service ID 678923 03 Pathway Fiber LABEL Description Service ID 162727 Network Panels Medium Fiber SM 04 05 *** Roof Rights LABEL Description All Assets Apollo | Rack 20A | Panel U42G Grid List 06 32#33Cyxtera Marketplace Enabling partners to deliver their solutions. via the digital exchange. On-Demand Access to Interconnected Colocation Stack - Plug In, Deliver Leverage platform to extend sales through new routes to market Reach a Ready-to-Buy Audience of 2,300+ Customers Built-In Marketplace & Marketing Tools Access to Fed RAMP-architected platform and Federal Customers Cyxtera Public Cloud Environments 11 ||||| ||||| NI TIL Partner Technology Cloud On-Ramps Digital Exchange-Connected Environment 61 Data Centers 240+ Network Service Providers 2,300+ Customer access via Marketplace 33#34Digital Exchange Momentum Customer Adoption (# of Customers) 250 200 150 100 50 0 2019 Cyxtera 2020 20 1Q19 vs. 1Q21: +565% 93 40 2021 Enterprise Bare Metal Adoption (# of Enterprise Bare Metal Servers) 250 200 150 100 50 0 2019 2020 Q3 1Q19 vs. 1Q21: +626% ²0 2021 Digital Exchange Annual Run Rate ($ in Millions) 8 7 6 5 4 3 2 1 0 2019 2020 1Q19 vs. 1Q21: +632% 2₂ 2021 34#35Sales Momentum David Keasey, EVP of Global Sales#36Why Customers Choose Cyxtera Cyxtera (1) DataCenters.com "What Are the Top Data Center Markets in the World?" Note: Several cities comprised of multiple markets: London (3), Chicago (2), New Jersey (2), Los Angeles (2). O Ⓡ Global footprint World-class operations Contract flexibility Interconnection Continuous innovation 61 facilities in 29 markets, including 10/10 of the most attractive global markets ¹ Consistent approach to service delivery for the entire solutions and services portfolio Flexible portability of services across the global footprint Robust interconnection portfolio with densely-connected ecosystems Track record of developing innovative solutions like the digital exchange fabric 36#37Cyxtera Has a Large, Diverse, Blue-Chip Customer Base Revenue by Customer Size SMB & Other 9% Enterprise (¹) 91% 91% of revenue generated from large, established private and public organizations Cyxtera Revenue by Industry Consumer 4% Healthcare 6% Manufacturing & Industrials 3% FinServ & RE 11% Media & Content 9% Note: Data as of 12/31/19 (1) Enterprise = $1B revenue and/or 1,000+ employees (2) TMT defined as Cloud / IT Services, NSP / Service Providers, and Media & Content. Other 11% Cloud & IT Services 37% Network Service Providers 19% -2/3 of revenue generated from fast growing, COVID resilient TMT (1) sector and minimal exposure to Leisure Customer Concentration Other customers 58% Lumen 13% Top 2-10 21% Top 10-20 8% Diverse customer mix with 2,300+ customers and Top 20 Customers <50% 37#38Sales Transformation Adoption of new GTM strategy is driving sales momentum Cyxtera 01111 Reorganized team structure by region and market to drive alignment of strategy across Cyxtera Aligned incentives to emphasize net bookings performance in every account in every market Created hunter/farmer model to ensure laser focus for every role Implemented a revised account coverage model to further enhance our existing customer relationships Focused on the global platform value proposition and selling the full portfolio of solutions across all markets to drive organic growth 38#39Channel Partner Strategy Launched new Cyxtera Channel strategy July 2020 Brought in new leadership and channel team Focused on: Expanded routes to market Resale over referral Integrating partners into digital exchange Driving significant business with strategic alliances Capturing opportunity in federal market Leveraging partners to drive occupancy in every market Improved on-boarding and partner portal ● ● ● Cyxtera Strategic Alliances NVIDIA. NUTANIX Global System Integrators Capgemini Network Service Providers Federal Managed Service Providers cogent packetfabric zayo LUMENⓇ SI SIRIUS VION® Building your enterprise solutions BOSTON Servers Storage Solutions Hewlett Packard Enterprise PARSONS HCL Bell Integration JKEL KELYN Technologies FUJITSU Cognizant Megaport Softcat FUTURE TECH Defivering tomorrow's technology today! 39#40Strong Sales Momentum Bookings Growth (1) (LTM $ in Millions) Cyxtera $58.8 4Q19A $61.2 1Q20A $66.0 2Q20A $72.0 3Q20A 4Q19A vs. 1Q21A: +55% $82.8 4Q20A (1) Represents annual recurring revenue; (2) Core churn excludes Lumen as a customer $91.2 1Q21A Core Churn (²) (LTM Average monthly core churn, % of MRR) 0.9% 4Q19A 0.8% 1Q20A 0.9% 2Q20A 0.8% 3Q20A 0.8% 4Q20A 0.8% 1Q21A 40#41Positive Channel Sales Momentum 1Q20 vs. 1Q21: Key Highlights Bookings¹: $2.3M vs. $3.8M (+66%) # Partners Registering Deals: 30 vs. 71 (+137%) Deal Registrations: 166 vs. 306 (+84%) Cyxtera (1) Represents annual recurring revenue. Channel Bookings¹ (Quarterly $ in Millions) $1.7 2Q20A New Channel Program Launch $3.1 3Q20A $6.9 4Q20A $3.8 1Q21A 41#42Increasing Pipeline Supports Accelerated Bookings Momentum →Beginning of quarter pipeline growth for 6 straight quarters Diverse mix of opportunity types: geo, customer size, deal size Strong marketing and channel contribution to new pipeline Cyxtera (1) Represents annual recurring revenue. Beginning of Quarter Pipeline¹ ($ in Millions) $32.4 1Q20 $38.4 2Q20 $42.0 3Q20 $44.4 4Q20 1Q20 vs. 2Q21: +93% $49.2 1Q21 $62.4 2Q21 42#43Sales Momentum Across Customers of All Sizes Digital Exchange Deal Source: Marketing Original Request: Single Cabinet in Northern Virginia What We Sold: Enterprise Bare Metal and digital exchange interconnection The Deal: $90K in ARR Partner Deal - $25K in migration fees and $96K ARR to manage infrastructure Extended Value: Sale 8x ARR value of original request Cyxtera Multi-Market Win Deal Source: Marketing & Channel (Strategic Partner) Original Request: Single Cabinet in New Jersey What we sold: Colocation and Enterprise Bare Metal in New Jersey and Dallas/Ft. Worth The Deal: $816K ARR Extended Value: Additional $360K ARR of growth opportunities in pipeline Quality of Assets/ Global Platform Deal Source: Channel partner Original Request: Colocation for Fortune 500 semiconductor company in Toronto What we sold: Large colocation footprint in Toronto to support flagship R&D lab to attract retail customers/ pull-through / proximity The Deal: $3M ARR Extended Value: Magnet partner gravitated to global platform capabilities to explore deployments in seven additional Cyxtera markets over next 24 months 43#44Financial Overview Carlos Sagasta, CFO#45Transaction Summary & Timing Capital Structure Governance Equity Alignment Other Timing Cyxtera ● ● ● ● ● ● $404mm cash in trust, assuming no public shareholders exercise redemption rights Up to $100mm Forward Purchase Agreement to offset redemptions, if any Use of proceeds: Partially retire Company debt and provide incremental cash for growth, as well as to pay transaction expenses Closing pro form a First Lien Net Leverage and Net Leverage of 2.8x and 7.4x, respectively Closing pro forma Contractual Net Leverage (1) and Financial Net Leverage (2) of 6.7x and 2.8x, respectively Further delevering expected in following years Initial board to be comprised of Manuel D. Medina (Chair), Nelson Fonseca (CEO), Greg Waters (Lead Independent), Jeff Smith (SVAC, Starboard), Raymond Svider (BC Partners), Fahim Ahmed (BC Partners), John W. Diercksen, Michelle Felman and Melissa Hathaway Lock-up of SVAC founder shares until the earlier of: (i) one year after completion of the business combination, or (ii) the share price of the company exceeds $12.00 per share for a sustained period (³) BC Partners, Medina Capital, and existing shareholders subject to same lock-up terms as Starboard Company to be named Cyxtera Technologies, Inc. and will continue to report on a calendar basis Reduced redemption risk from differentiated structure where SVAC Class A stockholders currently hold 1/6 warrant, receive 1/6th warrant upon non-redemption, and receive a pro rata share of any warrants not allocated following redemptions Up to $75mm optional share purchase agreement to purchase stock of the combined company at $10.00 per share for 6 months post-closing • Target close mid-2021 Subject to customary closing conditions including SVAC shareholder and regulatory approvals Sources & Uses ($ MM) Cash in SVAC Trust Account Proceeds of the PIPE Investment Cyxtera Balance Sheet Cash SVAC Balance Sheet Cash Total Cash Sources Retire Existing Cyxtera Debt Transaction Expenses Incremental Cash to Balance Sheet Roll Cyxtera Balance Sheet Cash Total Cash Uses Pro Forma Valuation ($ MM) '21 Adj. EBITDA (x) Multiple Fully Distributed Value (-) Rolled Debt (-) Cap Leases (+) Cash Post-Deal Equity Value (1) Contractual Net Leverage reflects the GAAP calculation of capital lease obligations excluding payments resulting from Cyxtera's optional extension of leases; (2) Financial Net Leverage excludes capital lease obligations (3) Defined as any 20 trading days within any 30-trading day period commencing at least 150 days after the initial business combination. Amount Amount $220 15.6x $3,425 404 250 121 3 778 (888) (952) 231 $1,816 456 50 151 121 778 % of Total 52% 32% 16% 0% 100% % of Total 59% 6% 19% 16% 100% 45#46Pro Forma Capitalization ($ 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 2020A Adj. EBITDA / First Lien Net Leverage 2020A Adj. EBITDA / Net Leverage (4) 2020A Adj. EBITDA/ Contractual Net Leverage (5) (6) (4) 2020A Adj. EBITDAR/Lease Adjusted Leverage 2020A Adj. EBITDA/Financial Net Leverage (7) Total Liquidity Cyxtera Rate L + 300 bps L + 300 bps L + 725 bps Metric $216 216 216 288 216 (2) Reported 12/31/2020 $121 143 885(3) 310 989 $2,327 2,206 (149) 2,057 (779) (61) 1,217 4.2X (3) 10.2 9.5 7.4 5.6 $122 Pro Forma Adjustments $152 (143) (310) 1 ($453) Pro Forma 12/31/2020 $272 885 989 $1,874 1,602 (149) 1,453 (779) (61) 613 2.8x 7.4 6.7 5.3 2.8 _(8) $395 (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 2020A 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 2020A 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 2020A Adj. EBITDA; (8) Excludes the impact of recent Revolver amendment, completed in May 2021, which reduced total Revolver capacity by -$21MM. 46#47Cyxtera as a Public Company Key Benefits of the Transaction Significant Leverage Reduction-Pro forma financial net leverage halved to 2.8x Substantial Incremental Liquidity-Availability increased to $395MM, including cash and revolver. Additionally, SVAC may invest an incremental $75MM under an optional share purchase agreement Improved Cash Flow-Lower debt-service payments and higher interest coverage Enhanced Commercial Execution-Go to Market efforts greatly supported by Public profile (publicity from announcement positively impacting pipeline) Cyxtera Highly Regarded Institutional Ownership (Pro Forma, Assuming No Redemptions) BC Partners Medina Capital Starboard/SVAC Sponsor (1) Lumen Longview Asset Management Others TOTAL 36.3% 12.2% 8.9% 6.1% 3.3% 33.2% 100.0% (1) Reflects the conversion of 9,480,713 shares of Class B common stock held by SVAC Sponsor and the issuance of shares related to the $60MM PIPE investment from funds managed by Starboard. Also includes shares held by certain directors and management of SVAC. 47#48ROIC-Driven Financial Policy → Not contemplated in base case management plan Considerable upside from new market expansion and M&A Opportunistically seek to increase asset ownership over time (2 owned data centers today) Cyxtera RI Inorganic Initiatives Capital Investment Cyxtera Expand existing platform and product offering Enhance our Go-to-Market strategy Target yields commensurate with industry peers Til Delevering Seek to delever while maintaining financial flexibility for growth projects Long range target of 3x Financial Net Leverage Overall Net Leverage to decrease as a result of plan execution 48#49Highly Attractive Business Model Predictable & Growing Top-Line Robust Operating Leverage Success-Based Capital Deployment Significant Upside Potential Meaningful Delevering Cyxtera ● ● ● 90% + recurring revenue, attributable to long-term customer relationships-average tenure of 13+ years for Top 50 customers Recently renewed and extended Lumen MSA for 5 years Expansion development of customer ecosystem driving Interconnection growth and higher Occupancy Interconnection Revenue as a % of Total Revenue expected to increase from 10% to 15% by 2025 Occupancy % estimated to ramp from mid-60's in 2021 to 80%+ by 2025 Sales focus, combined with robust network effects, enhancing customer stickiness have stabilized Core Churn (avg. monthly 0.8% of MRR) -30% of cost structure is variable-high revenue flow-through from Occupancy and Interconnection growth resulting in considerable margin expansion (~800 bps through 2025) Interconnection margin is 95% + Projected Adjusted EBITDAR and Adjusted EBITDA margins of ~48% and ~40%, respectively, by 2025 Management plan supported by ample available capacity, significantly reducing CapEx requirements in the near-term More than 70% of CapEx is success-based (i.e., expansions, customer installations, and site enhancements) Expansion CapEx primarily utilized to develop existing data center sites, affording more efficient levels of CapEx intensity Maintenance CapEx at -3% of Revenue Ability to organically grow EBITDA at above industry average levels within existing footprint Considerable upside potential from new market expansion and inorganic initiatives, which are not contemplated in the current plan Transaction proceeds used to fully paydown Revolver and retire Second Lien Term Loan Further delevering from increased EBITDA and Cash Flow resulting from top-Line growth combined with strong operating leverage Target Financial Net Leverage in the 3x Adj. EBITDA range 49#502020 Performance: Shifting into Growth Strong results across the board in 2020-overdelivered relative to targets 2020 Core Bookings up -39% vs. 2019 (~5% budget beat) 2020 Core Churn decreased -24% vs. 2019 (~5% budget beat) 2020 Revenue increased -2% vs. 2019 (-3% budget beat) 2020 Reported EBITDA4 improved by -54% vs. 2019 (-7% budget beat), while Adj. EBITDA4 rose -12% year-over-year (~10% budget beat) ● ● ● Fully executed Phase I and Phase II cost initiatives, realizing ~$51MM in annualized savings Incremental efficiency opportunities identified and anticipated to improve margins over time Significant improvement of our Go-to-Market strategy and execution Sales force reorganization proven effective with four consecutive quarters of strong Bookings and Churn performance ● 2H20 supported by promising results from new Channel Program, which was launched in July 2020 Strong momentum in differentiated digital exchange and Bare Metal offerings "Catch up" maintenance CapEx completed in 2019 and has started to approach normal industry levels Expansion Capex down from prior year as major expansion projects were completed in 2019 and focus turned to selling new capacity Cyxtera (1) Earnings before Interest, Taxes, Depreciation, Amortization, and Rent. (2) Presented on a committed basis. (3) Includes Corporate CapEx. (4) See slide 63 for a reconciliation of Reported EBITDA, Adjusted EBITDA and Adjusted EBITDAR to Net Income (Loss). ($ 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 Reported EBITDA (4) % Margin Adjustments Adjusted EBITDA (4) % Margin Rent (net of adjustments) Adjusted EBITDAR (1)(4) % Margin Maintenance CapEx (2) (3) As a % of Revenue Expansion CapEx (²) 2020 $657.4 33.1 $690.5 $390.5 56.6% $300.0 43.4% $115.5 16.7% $184.5 26.7% $31.0 $215.6 31.2% $72.0 $287.6 41.6% $21.1 3.1% $33.6 2019 $648.6 30.0 $678.6 $405.8 59.8% $272.8 40.2% $152.6 22.5% $120.2 17.7% $73.0 $193.2 28.5% $77.0 $270.2 39.8% $48.4 7.1% $99.5 YOY Change 1.4% 10.3% 1.7% (3.8%) (324 bps) 10.0% 324 bps (24.4%) (577 bps) 53.5% 901 bps 11.6% 275 bps 6.4% 183 bps (408 bps) 50#51Q1 2021 Performance Slightly Ahead of Plan Momentum carryover led to strong start in 2021 Core Bookings up ~40%, propelled by enhanced customer engagement and increased channel partner activity Core Churn as a percentage of MRR increased ~20 basis points, but is still within target range ● Core Revenue grew -6%, offsetting a commensurate decline in Lumen Revenue, leading to relatively flat Total Revenue Gross margin down 130 basis points, mainly due to the impact from Winter Storm Uri. Gross margin rose 37 basis points on an adjusted basis SG&A increased ~$5MM to -$36MM, driven by one-time, non-cash impairments. On an adjusted basis, SG&A decreased by ~$4MM Drop in Reported EBITDA4 attributable to a combination of flat revenue and higher operating and SG&A costs. Adjusting for the impact of Winter Storm Uri and one-time charges, Reported EBITDA4 grew 9.7% to ~$50MM Adjusted EBITDA4 increased ~3%, benefitting from operating leverage and ongoing efficiency initiatives Maintenance and Expansion CapEx were in line with expectations Cyxtera (1) Earnings before Interest, Taxes, Depreciation, Amortization, and Rent. (2) Presented on a committed basis. (3) Includes Corporate CapEx. (4) See slide 63 for a reconciliation of Reported EBITDA, Adjusted EBITDA and Adjusted EBITDAR to Net Income (Loss). ($ 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 Reported EBITDA (4) % Margin Adjustments Adjusted EBITDA (4) % Margin Rent (net of adjustments) Adjusted EBITDAR (1)(4) % Margin Maintenance CapEx(2)(3) As a % of Revenue Expansion CapEx (²) 1Q21 $164.7 8.2 $172.9 $98.4 56.9% $74.5 43.1% $35.6 20.6% $38.9 22.5% $17.2 $56.1 32.4% $15.3 $71.4 41.3% $2.6 1.5% $10.7 1Q20 $164.9 7.6 $172.5 $95.9 55.6% $76.6 44.4% $31.1 18.0% $45.5 26.4% $9.1 $54.6 31.6% $17.9 $72.5 42.0% $5.0 2.9% $6.8 YOY Change (0.1%) 7.3% 0.2% 2.6% 130 bps (2.7%) (130 bps) 14.5% 257 bps (14.5%) (387 bps) 2.7% 78 bps (1.5%) (73 bps) (139 bps) 51#52Key Modeling Metrics ($ in Millions) Total Occupancy % Lumen Revenue % of Total Revenue Interconnection % of Total Revenue Gross Margin Adjusted EBITDA Margin % Adjusted EBITDAR Margin % Recurring CapEx % of Total Revenue (1) Expansion CapEx (2) Cyxtera (1) Defined as Maintenance CapEx excluding Corporate CapEx. (2) Presented on a committed basis. 2021E 68% 11% 11% 45% 32% 41% 3% -$65 2025E -80% ~5% -15% -53% -40% -48% -3% n/a 52#53Sales Momentum Driving Increased Occupancy Bookings Growth (1) (LTM $ in Millions) $58.8 1 4Q19A Cyxtera $61.2 1Q20A $66.0 2Q20A $72.0 3Q20A 4Q19A vs. 1Q21A: +55% $82.8 4Q20A $91.2 1Q21A (1) Represents annual recurring revenue. (2) Core Churn defined as Total Churn excluding Lumen as a customer. Core Churn (2) (LTM Average monthly core churn, % of MRR) 0.9% 4Q19A 0.8% 1Q20A 0.9% 2Q20A 0.8% 3Q20A 0.8% 4Q20A 0.8% 1Q21A 53#54Increasing Occupancy Drives Significant EBITDA Growth 2020 Occupancy Bridge 66.4% Jan 2020 +3.4% Existing Markets -0.4% New Markets -2.3% Lumen 67.1% Dec 2020 Cyxtera (1) Assumes fixed revenue per sq. ft. and 70% EBITDA margin on incremental revenue. Growing Occupancy Creates Substantial Value (¹) ($ in Millions) Current Occupancy $220 67% 26% EBITDA Uplift $57 $220 75% 2021E Adj. EBITDA EBITDA Uplift from Occupancy Increase 54% EBITDA Uplift Utilization $118 $220 80% 77% EBITDA Uplift $170 $220 85% 54#55Lumen Renewal: Conservative Forecast with Upside Annual Revenue ($ in Millions) Legacy MSA Renewal MSA Total Lumen Revenue % of Total Revenue 2019A $98.6 Cyxtera $98.6 14.6% 2020A $33.4 61.7 $95.1 13.8% Potential Upside 2021E 75.3 $75.3 10.9% 2022E 66.7 Projections assume the worst-case scenario that all environments supporting Lumen's managed services are disconnected, which is unlikely given the scale of Lumen's business (1) Anticipate month-to-month services to churn in 2021, but dependent on performance of Lumen managed services business. Note: Chart represents contractual square footage by termination date. $66.7 9.3% The Channel relationship with Lumen has regained momentum and is contributing to growth in our pipeline Space (Square Feet) 60-Month 72.5% 36-Month 15.3% 24-Month 7.6% Month-to-Month 4.6% (1) 55#56Attractive Financial Profile with Considerable Upside Total Revenue ($ in Millions) $679 $580 2019A $99 Cyxtera $691 $595 2020A $95 Long-term Core¹ Revenue Growth Rate Lumen $691 $616 2021E $75 Core1 $719 $652 2022E $67 -7% 2021E-2025E Adjusted EBITDA (1) ($ in Millions) $193 2019A $216 2020A Long-term Adj. EBITDA Growth Rate Run-Rate Margin Note: Core revenue excludes Lumen as a customer. (1) See slide 63 for a reconciliation of Adjusted EBITDA and Adjusted EBITDAR to Net Income (Loss). $220 2021E $245 2022E -12% 2021E-2025E -40% 2025E Adj. EBITDA margin Adjusted EBITDAR(1) ($ in Millions) $270 2019A $288 2020A Run-Rate Margin $282 2021E $306 2022E -48% 2025E Adj. EBITDAR margin 56#57Ability to convert to a REIT at the right time Cyxtera Note: NOLS presented as of 12/31/2020. www r D We are a Growth business requiring reinvestment of capital Our significant NOLs make a REIT structure less impactful in the near-term: Federal: State: Foreign: $230MM $357MM $15MM No material impediments to REIT conversion identified. We believe REIT status creates value, and it is a medium-term goal. 57#582021 Financial Guidance ($ in Millions) Revenue Adjusted EBITDA Maintenance Capital Expenditures (2) (3) Expansion Capital Expenditures (2) Cyxtera 2021E (1) $681 - $702 $217 - $223 $25 $26 -3.7% (1) Mid-point consistent with prior guidance. (2) Presented on a committed basis. (3) Includes Corporate CapEx, which will range between $3.4MM and $3.5MM during 2021E. ~$65 2020A $690.5 $215.6 $21.1 3.1% $33.6 Additional disclosures to include the following on a historical basis: 2019 and 2020 Quarterly Financials Sellable SQFT and Total Occupancy % ● ● 58#59Closing Remarks Nelson Fonseca, President & CEO#60The Cyxtera Investment Opportunity Key Stats (2019 vs. 2020) → Cyxtera → Strong secular tailwinds for the data center industry Retail colocation is the sweet spot for facilitating digital transformation Cyxtera's platform is ideally suited to deliver on digital transformation: Diverse footprint including top 10 most attractive global data center markets¹ Deeply interconnected platform with strong service provider ecosystem Industry-leading innovation Strong performance since completion of the carveout Attractive financial profile with the available capacity to support organic growth 39% YoY Core Bookings Growth (1) DataCenters.com "What Are the Top Data Center Markets in the World?" (2) See slide 63 for a reconciliation of Adjusted EBITDA and Adjusted EBITDAR to Net Income (Loss). A 3% Core Revenue Growth 11.6% Adj. EBITDA² Growth 60#61Q&A#62Appendix#63Reconciliation of GAAP to Non-GAAP Results ($ in Millions) Net Income (Loss) (+) Depreciation & Amortization (+) Impairment of Note & Other Receivables from Affiliate (+) Net Loss (Income) from Discontinued Operations (+) Interest & Other Expenses, net (-) Income Tax Benefit Reported EBITDA Transaction Adjustments (+) Equity-Based Compensation (+) Straight-Line Rent Adjustment (+) Amort of Un/Fav Int. & Accretion Exp. (+) Stand-Up, Separation & Other Adjustments (+) Restructuring Costs Total Adjustments Adjusted EBITDA (+) Rent, net of adjustments Adjusted EBITDAR Cyxtera Three Months Ended March 31, 2021 ($52.6) 60.6 43.7 (12.9) $38.9 $1.8 1.1 0.9 3.1 10.3 $17.2 $56.1 15.3 $71.4 March 31, 2020 ($47.4) 57.0 6.7 43.6 (14.4) $45.5 $2.0 0.8 0.9 2.8 2.6 $9.1 $54.6 17.9 $72.5 Twelve Months Ended December 31, 2020 ($122.8) 231.8 (97.7) 169.7 3.5 $184.5 $7.4 2.9 3.5 11.1 6.0 $31.0 $215.6 72.0 $287.6 December 31, 2019 ($514.2) 219.8 127.7 219.2 153.6 (85.9) $120.2 $15.7 6.5 4.6 46.2 $73.0 $193.2 77.0 $270.2 63#64Cyxtera ©2021 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.