Cyxtera SPAC Presentation Deck slide image

Cyxtera SPAC Presentation Deck

V Highly attractive business model 1 2 3 4 Predictable top-line Robust operating leverage Success-based capital deployment Significant upside potential More than 90% of the revenue is recurring Long-term customer relationships - average contract tenure of 13.4 years for top 20 customers(¹) • Robust network effects drive customer stickiness and reduce churn (avg. monthly 0.8% MRR(2)) Cyxtera 70% of cost structure is fixed Higher utilization driving strong EBITDA flow through and margin expansion More than 70%(3) of capex is success based on expansion, installation and enhancements Small portion of capex considered maintenance (~3% of revenue) to maintain asset base • Ability to organically grow EBITDA at above industry average levels within existing footprint New markets and inorganic growth provide meaningful upside potential (1) Excludes Lumen (f.k.a CenturyLink); (2) Based on average quarterly churn over LTM as of 12/31/20 27 SVAC
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