Cyxtera Results Presentation Deck
Capitalization
($ in Millions)
Cash and Cash Equivalents
Revolver (Maturing 11/2023)
1st Lien Debt (Maturing 5/2024)
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
Cyxtera
Rate
L + 300 bps
L +300 bps (2)
Metric
239
239
299
239
12/31/2022
$65
42
865 (3)
1,122
$2,029
1,964
(214)
1,749
(861)
(46)
842
8.2x
7.3
6.1
3.5
$138
Rate
L + 300 bps
L + 300 bps (2)
Metric
225
225
286
225
9/30/2022
$86
42
864(3)
1,118
$2,025
1,938
(204)
1,735
(870)
(45)
820
8.6x
7.7
6.2
3.6
$159
(1) Net Debt is equal to total debt minus cash and cash equivalents; (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 2022A 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 2022A Transaction Adj.EBITDA; (6) Lease Adjusted Leverage is calculated by dividing financial net debt and secured capital leases + 5x real estate lease payments (5x methodology based on Moody's Communications Infrastructure
sector lease capitalization multiple) by LTM Q4 2022A Transaction Adj. EBITDAR; (7) Financial Net Leverage is calculated by dividing Financial Net Debt (Net Debt, adjusted to exclude all Capital Lease obligations) by LTM Q4 2022A Transaction Adj.EBITDA.
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