Cyxtera Investor Presentation Deck
2QTD Performance Update (as of 6/4/23)
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CONFIDENTIAL
RSA announcement seems to have been well received among customers and partners but effect is unclear at this time
Bookings through end of May slightly below budget expectations by about 20%
Total bookings for the quarter at mid-point expected to have a similar trajectory with a possibility of hitting budget if large
proportion of upside opportunities are closed in the quarter
Churn through end of May is higher than expected and above budget trend for the quarter
Total Churn for the quarter expected to be above budget as Q1 was better due to timing
First half churn is expected be approximately mid-teens percent worse than budget
Net Bookings is expected to be somewhat negative-to-breakeven in Q2 and the first half of the year
The Company projects total bookings for 2023 to be in or around $5 million of MRR
Cyxtera
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