Slide 1: Equinix Mergers and De-leveraging Announcement
ing on Equinix Mergers and e-leveraging Announcement October 2002 CONFIDENTIAL — Under NDA until October 2, 2002
Slide 2: Summary
Summary = Equinix to merge i-STT and Pihana Pacific into its business to create largest global network neutral Internet exchange services company » $30MM in new capital from Singapore Technologies Telemedia v Now largest Equinix strategic shareholder = Equinix to retire more than $130 million in deb
Slide 3: Equinix integrates leading Asian companies with synergistic network-neutral business models
Equinix integrates leading Asian companies with synergistic network-neutral business models = i-STT - Centers in Singapore and Bangkok - Wholly owned Subsidiary of ST Telemedia (STT) - Customers include Fujitsu, Kyocera, Sony, Sprint « Pihana Pacific - Centers in Singapore, Sydney, Hong Kong, Tokyo,
Slide 4: New Investor
New Investor « Singapore Technologies Telemedia (STT) ~ Strategic investment of $30 million and assets of i-STT for 28% stake — STT is major Asian telecom and technology player ~ Subsidiary of Singapore Technologies, a $5B worldwide company — Long-term, strategic investor os ei, Alngve eserves — CON
Slide 5: Equinix — Post Transaction
Equinix — Post Transaction = The Largest Global Network Neutral Internet Exchange Services Company — 14 centers in six countries ~ Footprint > 1,000,000 sq. ft. ~ More than 400 marquee customers ~ Sony, IBM, Yahoo!, Goldman Sachs, Kyocera, AT&T, MSN, UUNet, Qwest, Royal & SunAlliance and EDS — osm e
Slide 6: Equinix — Post Transaction
Equinix — Post Transaction = Equinix to operate new Company Existing Equinix senior management to remain as leadership team + new head of Asia Pacific to be named later Equinix branded worldwide Traded on Nasdaq under EQIX U.S HQ in Mountain View, CA - Asia regional HQ in Singapore — emquimainiteene
Slide 7: Equinix — Post Transaction
Equinix — Post Transaction = Benefits to customers - Single-source solution for U.S./Asian needs - Consistent quality / streamlined, integrated services - Financially stable company backed by long-term investments = Market Benefits to Equinix - Immediate access into fast growing market at no additio
Slide 8: De-leveraging of Equinix
De-leveraging of Equinix = Equinix to retire over $130 million of its Debt - 80% of senior notes through cash and equity — Further reduction of $8.5 million in senior credit facility = Reset covenants consistent with performance of new company Result is financially secure business with healthy balan
Slide 9: Transaction Results
Transaction Results = Transaction promotes the business AND shareholder value v Strengthened balance sheet v Shareholders gain new assets and more earning power v Long term strategic shareholder = Post closing new ownership structure (pre-conversion of STT convertible debt) v 33% Current Equinix sto
Slide 10: Conclusion
Conclusion = Strategic merger brings new market expansion and additional marquee customers = De-leveraging results in financially stable company - Cash for future business growth - Larger revenue base - Strong potential for EBITDA growth - Strong long term investor Equinix is ideally positioned to e
Slide 11: Forward Looking Statements
Forward Looking Statements This presentation includes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 concerning Equinix’s business, operations and financial condition. Such forward- looking statements are subject to various known and u
Slide 12: Forward Looking Statements
Forward Looking Statements competition, from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain, funds to repay outstanding indebtedness and the loss or decline in business from our key customers. Investors and security holders are also directed to conside
Slide 13: Additional Information
Additional Information Where You Can Find Additional Information Investors and security holders of Equinix are urged to read the various filings that have been filed and will be filed with the SEC, including the Proxy statement and the registration statement that are required to be filed with respec
Slide 14: Additional Information
Additional Information In addition to the proxy statement and the registration statement, Equinix files annual, quarterly and other reports, proxy statements and other information with the SEC. You may read and copy any reports statements or other information filed by Equinix at the SEC public refer
Slide 15: Participants in Solicitation
Participants in Solicitation Equinix, Pihana Pacific, tSTT Pte Lid and STT Communications Ltd, including their respective directors, executive officers and certain other members of management or employees may be deemed to be participants in the solicitation of proxies from Equinix's stockholders and