Cordiant Digital Infrastructure Limited · LSE:CORD
Cordiant Digital Infrastructure — 9M to Dec 2023 Earnings Presentation
11 slides from Cordiant Digital Infrastructure's earnings presentation, March 2024
Slide 1: Trading update for the nine months to 31 December 2023
Cordiant Digital Infrastructure Limited Trading update For the nine months to 31 December 2023 March 2024
Slide 2: Disclaimer
Disclaimer By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations. This document has been issued by and is the sole responsibility of Cordiant Digital Infrastructure Limited (CORD). This document contains in
Slide 3: Highlights – Strong financial performance and further increasing dividend coverage
Highlights – Strong financial performance and further increasing dividend coverage CORD is an operationally focused, specialist digital infrastructure investor +8.2% Last 9 months revenue growth CORD applies a Core Plus +6.4% Last 9 months EBITDA growth investment strategy, by investing in high qual
Slide 4: Highlights – Diversified portfolio assembled
Highlights – Diversified portfolio1 assembled £795 million equity raised and deployed. €200 million Eurobond drawn. A portfolio of diversified platforms assembled, with £162 million of total liquidity available Towers, data centres, fibre and Towers, fibre and IoT New York interconnect data centre F
Slide 5: Trading Update – Financial Highlights
Trading Update – Financial Highlights Assets performing well, with Revenue and EBITDA growing organically across the platforms – benefit of 2023 inflation still to come in 2024 Revenue [like-for-like, constant currency, pro-forma] EBITDA [like-for-like, constant currency, pro-forma] £217.4m £99.4m £
Slide 6: Portfolio overview – Continued growth across core platforms
Portfolio overview – Continued growth across core platforms L9m Dec-22 L9m Dec-23 +8.1% £84m £78m £65m +6.5% +3.7% £59m £55m £52m £54m £52m +7.4% £31m £33m +11.9% +11.2% £13m £15m £12m £13m +5.3% EBITDA Revenue EBITDA Revenue EBITDA Revenue EBITDA Revenue (£3m) (£3m) Cordiant Digital Infrastructure
Slide 7: Portfolio overview – Further executing on Buy, Build and Grow
Portfolio overview – Further executing on Buy, Build and Grow Buy Build Grow (Disciplined acquiring and consolidating of high- (Deploying capital to high-returning and strategically (Leveraging operating expertise to drive strong quality digital infrastructure platforms) attractive growth capex init
Slide 8: CORD Buy, Build & Grow Case Study – CRA
CORD Buy, Build & Grow Case Study – CRA Emerging Data Hotspots (EMEA) CRA Data Centres, Cloud & OTT Revenue Progression Revenue in CZKm and as % of company total revenue1 Stockholm Revenue growth ’22A-’23PF in %1 Oslo 391 Madrid Johannesburg 241 Milan Brussels 16% Warsaw Zurich Berlin 11% Lagos Zara
Slide 9: In context – Portfolio growth rates vs. US listed peers
In context – Portfolio growth rates vs. US listed peers CDIL portfolio Y/Y growth rates US TowerCo Y/Y core organic leasing (L9m Dec-23 vs. L9m Dec-22) growth rates1 7.0% 6.0% 9.3% 8.1% 5.0% 7.4% 4.0% 4.0% 3.7% 3.0% 2.0% 1.0% -- Revenue EBITDA US Towers index Source: Company information, equity rese
Slide 10: Longer-term developments – Positive WRC outcome and recent long-term contracts signed
Longer-term developments – Positive WRC outcome and recent long- term contracts signed WRC-23 – positive outcome for broadcasting Recent long-term contracts signed ▪ The 470–694 MHz band is the core band for digital terrestrial 15-years Signed (Telecoms towers) television (DTT). However, the extent
Slide 11: Thank you
Thank you If you have any queries, please do not hesitate to get in touch INVESTMENT MANAGER Cordiant Capital Inc., Suite 2800, 1002 Sherbrooke, St. W, Montreal, QC, H3A 3L6. Canada +1 (0) 514-286-1142 CordiantDigitalTrust@cordiantcap.com MEDIA / PR Philip Dennis / Felicity Winkles Celicourt Communi
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