Infratil Limited · NZX:IFT
Infratil — CDC Data Centres — Investor Day (October 2019)
28 slides from Infratil's investor day presentation, October 2019
Slide 1: CDC Data Centres Investor Presentation
CDC Data Centres Investor Presentation October 2019
Slide 2: Important notice and disclaimer
Important notice and disclaimer This presentation contains confidential, non-public information and has been prepared by Canberra Data Centres Proprietary Limited (ABN 59 125 710 394) (“CDC”). Distribution of this presentation, or of any information contained in this presentation, to any person othe
Slide 3: Contents
Contents 1 CDC overview 2 Growth strategy A Key terms B Key risks and mitigants C Introduction to data centres
Slide 4: CDC overview
CDC overview cob, DATA CENTRES
Slide 5: CDC overview
CDC overview CDC is a leading Australian operator of secure world-class Data Centre (DC) facilities, guaranteeing the availability of mission-critical systems ⚫ CDC builds, owns and operates world-class facilities across a growing footprint at three campuses in Fyshwick (ACT), Hume (ACT) and Eastern
Slide 6: CDC History
CDC History CDC has a strong track record of delivering incremental facilities on time and on budget Expansion into Fyshwick site acquired with Sydney with Eastern plans for 39MW capacity Creek site acquisition, CDC begins construction across two DCs (Fyshwick Fyshwick 1 Hume 3 (9MW) construction Fy
Slide 7: Leading management team
Leading management team High quality management team with deep industry expertise in digital infrastructure, and a track record of operational and sales excellence ⚫ Led by Greg Boorer, CEO, since 2007 ⚫ Supported by a capable senior management team across sales, finance, operations, IT, engineering
Slide 8: Existing footprint
Existing footprint CDC now services its customers across 3 key site locations in Canberra and Sydney Hume Fyshwick Eastern Creek Canberra, established 2007 Installed capacity: 21MW Potential capacity: 71MW 1 Canberra, established 2014 Installed capacity: 39MW Potential capacity: 39MW 2 Sydney, purch
Slide 9: CDC operating model
CDC operating model CDC has differentiated itself by designing and building data centres that seamlessly accommodate traditional enterprise, Government and Hyperscale clients all co-located within the same buildings In- house Outsourced to DC Providers DC infrastructure typically housed and managed
Slide 10: Key differentiators
Key differentiators CDC’s unique advantages enable a high level of differentiation and are highly defensible 1 Hybrid Cloud Co-location Ecosystem Whilst close competitors mostly provide either public cloud or colocation DC services, CDC has private and public cloud as well as Government and enterp
Slide 11: Customers and Market Segments
Customers and Market Segments Revenue is underpinned by long-term contracts with high quality counterparties. Weighted-Average Lease Expiry (with options) of ~17 years, or ~9 years without options. CDC has a strong pipeline and a modular design capable of supporting all customer segments Government
Slide 12: Financial performance
Financial performance CDC has delivered a sustained period of both run rate and EBITDA growth ⚫ Strong track record of growth and attractive metrics CDC has built a loyal customer base, comprising Government, ⚫ EBITDA growth forecast on the back of secured, long term contracts Hyperscale and NCI/Com
Slide 13: Portfolio overview and growth outlook
Portfolio overview and growth outlook CDC has a clear runway for growth within Canberra and Sydney ⚫ Three established DC campuses at Fyshwick (ACT), Hume (ACT) and Eastern Creek (NSW) ⚫ Existing operating capacity of 80MW, with 50MW under construction and 100MW+ capacity for future development ⚫ At
Slide 14: Growth strategy
2 Growth strategy cob, DATA CENTRES
Slide 15: Market Growth Drivers
Market Growth Drivers Several long-term drivers underpin growth in the data centre market. The hyperscale DC segment is expected to grow at twice the pace of traditional DCs Traditional Data Centres Hyperscale Data Centres Continuing, robust data growth, on average, 25% p.a., with certain industri
Slide 16: Growth by site
Growth by site CDC has successfully grown its portfolio of assets and has a range of ongoing, diversified growth options which now include the expansion of the Eastern Creek campus Capacity Capacity Phase 1: Phase 2: Facility (MW) filled1 Build Fit-out phase Hume 1 6MW >95% Completed Completed Hume
Slide 17: Eastern Creek focus
Eastern Creek focus Eastern Creek is well-positioned to capitalise on the prolific growth of data held by Hyperscale cloud providers and operators of NCI who require increasingly secure and resilient storage solutions Highlights ⚫ Acquired 145,000 sqm Eastern Creek campus in December 2018, 36km west
Slide 18: Development philosophy
Development philosophy CDC has developed a strong track record of delivery and a world class build strategy Highlights ⚫ Design and construct timeframe is circa 12 months for new data centre builds ⚫ Once the surrounding campus infrastructure is completed, the fit-out of the individual DC facilities
Slide 19: Next 6 months
Next 6 months FY20 is progressing well; delivering developments, securing new customers and providing the foundation for future growth • Bring 24MW+ capacity to income producing – On track • Final handover of Eastern Creek 2 in December – On track, 10MW to be handed over within 12 months of purchasi
Slide 20: Appendix A: Key terms
A APPENDIX Key terms cb, DATA CENTRES
Slide 21: Acronym Library
Acronym Library Acronym Definition AI Artificial Intelligence CAGR Compound Annual Growth Rate CDC Canberra Data Centres CPI Consumer Price Index CSC Commonwealth Superannuation Corporation DC Data Centre FROR First Right of Refusal HV High Voltage ICON Intra-Government Communications Network IFT In
Slide 22: Appendix B: Key risks and mitigants
B APPENDIX Key risks and mitigants
Slide 23: Risks and mitigants
Risks and mitigants CDC thoroughly understands the risks involved with the business and industry, and has worked to effectively mitigate these Risk Description Mitigants Termination rights ✓ High switching costs and risks (time, IT risk), timing given embedded infrastructure and lack of secure Exist
Slide 24: Appendix C: Introduction to data centres
C APPENDIX Introduction to data centres
Slide 25: Data Centre 101
Data Centre 101 A data centre is a facility used to house computer systems and associated components, it can be insourced or outsourced Insourced vs. outsourced A data centre’s main purpose is holding and running IT systems that handle Insourced: the core business and operational data of an organisa
Slide 26: Data Centre 101
Data Centre 101 DCs are dedicated, secure locations that house IT hardware (servers) and provide the power, cooling and connectivity needed to operate them DC location and core infrastructure: DC equipment / housing: 25
Slide 27: Data Centre 101
Data Centre 101 DCs can differ in their infrastructure approach and the technologies they employ 26
Slide 28: Data Centre 101
Data Centre 101 Data centre design options are evolving with client needs and new technologies 27