Cyxtera Results Presentation Deck
Q4 and Full-Year 2022 Financial and Business Summary
Total revenue increased by $14.5 million, or
8.1%, to $192.9 million in the fourth quarter.
Interconnection revenue accounted for 11.9%
of total revenue for Q4 2022 and grew 9.5%
year over year. Full-year interconnection
revenue accounted for 11.2% of total revenue
and grew 1.9% year over year.
Stabilized occupancy of 74.9% at year-end
2022 increased 350 basis points year over
year.
●
On a constant currency basis, total revenue
increased by $18.3 million, or 10.3% year
over year.
Full-year total revenue increased by $42.3
million, or 6.0% year over year, to $746.0
million.
●
On a constant currency basis, total revenue
increased by $55.1 million, or 7.8% year
over year.
Core revenue increased by $17.1 million, or
10.5%, to $179.6 million in the fourth quarter.
For the full year, Core revenue increased by
$48.0 million, or 7.5% year over year, to
$687.1 million.
Cyxtera
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Transaction Adjusted EBITDA increased by
$13.8 million, or 28.8%, to $61.8 million in the
fourth quarter.
●
On a constant currency basis, Transaction
Adjusted EBITDA increased by $15.0
million, or 31.3% year over year.
Full-year Transaction Adjusted EBITDA
increased by $14.5 million, or 6.4%, year over
year, to $238.9 million.
On a constant-currency basis, Transaction
Adjusted EBITDA increased by $19.9
million, or 8.9% year over year.
Average monthly Core Churn of 0.6% in Q4
was in-line with the year-ago level; Full-year
average monthly Core churn of 0.8% in 2022
was also in-line with prior year.
12th consecutive quarter of positive
net bookings.
MRR per cabinet increased 7.3% sequentially
and 12.8% year over year to $1,562.
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