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NEXTDC revenue and EBIDTA soar as losses shrink in 2021

NextDC, an Australian data center company, said interest, taxes, depreciation, and earnings before interest (EBITDA) totaled A$134.5 million in 2021, up nearly A$30 million from A$105 million the previous year. I’m reporting.

However, when interest, taxes, depreciation, and amortization were recorded, the company had an after-tax loss of A$20 million, an improvement of A$25 million from last year’s results.

CEO and MD Craig Scroggie advertised the results ahead of the guidelines.

“Today’s results are testament to the company’s commitment to excellence against the backdrop of the more difficult economic conditions of the COVID-19 pandemic,” he said.

Reference: NextDC states COVID-19 is increasing Australian data center needs

Cash flow from operating activities increased A$79.5 million to A$133.2 million, and capital expenditures decreased A$116 million from last year to A$301 million.

Datacenter revenue for the fiscal year ended June 30, 2021, was A$246 million, up 23% from the prior year. NSW and ACT accounted for 47% of total revenue.

Total contract utilization increased by 5.5 MW (8%) to 75.5 MW and the number of customers increased by 183 per year to a total of 1,547. Interconnections also increased by 1,667 to 14,718, or 7.7% of recurring revenue. 87% of contract usage was billed on June 30, 2021.

NextDC provided the latest information on development activities and informed shareholders that the S2 Sydney equipment will be completed later this year, bringing the total installed capacity to 30 MW. Meanwhile, in S3 Sydney, the construction of the building is “on schedule” and Phase 1 has actually been completed with an initial capacity of 12 MW and a target of 2H22.

The company also has land for the S4 and hopes to provide a long-term expansion capacity of 300 MW in the state.

In Melbourne, M2 equipment continues, 9 MW of capacity is added and another 9 MW is in progress. With the purchase of buildings around the existing land, the planned capacity of M3 has increased to 150 MW, bringing the total surface area to approximately 100,000 square meters. According to the company, the foundation work is progressing well, construction of the building has started and is aiming for practical use with an initial capacity of 13.5 MW in the first half of 2011.

In the west, Perth’s P1 is currently planning to increase its target capacity to 10 MW.

The total planned power for NSW/ACT is 130.8 MW in Victoria, 225 MW in Victoria, 14.3 MW in Queensland, and 30 MW in WA.

Going forward, NextDC expects data center services revenue to reach A$285 million to A$295 million by 2022, with an underlying EBITDA forecast of A$160 million to $100 million. It’s A$65 million. Capital expenditures are expected to range from A$480 million to A$540 million.

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NEXTDC revenue and EBIDTA soar as losses shrink in 2021

NEXTDC Revenue and EBIDTA Rising as Losses Shrink in 2021