Cordiant Digital Infrastructure Limited · LSE:CORD
Cordiant Digital Infrastructure — FY2022 Earnings Presentation
22 slides from Cordiant Digital Infrastructure's earnings presentation, March 2022
Slide 1: Annual Results Presentation
Cordiant Digital Infrastructure Limited Project Cupano | February 2022 Cordiant Digital Infrastructure Limited Annual Results Presentation for the period 4 January 2021 to 31 March 2022 0
Slide 2: Summary: CORD delivering on IPO plans
Cordiant Digital Infrastructure Limited Summary CORD delivering on IPO plans pro-forma EBITDA Strong pipeline of £795m ca.£95m 10.3% 10.0% substantially deployed and strong cashflows covering total shareholder return NAV total return for the period, >€3bn or committed for the period exceeding IPO ta
Slide 3: CORD At a glance
Cordiant Digital Infrastructure Limited CORD At a glance • “Buy, Build & Grow” strategy in digital infrastructure: the critical foundation of the internet • Enabling everything from enhanced digital inclusivity to work-from-home: a growth sector >9% Progressive • Investment Manager brings a large an
Slide 4: Highlights FY 2022 results (unaudited)
Cordiant Digital Infrastructure Limited Highlights FY 2022 results (unaudited) 1 Substantially all capital deployed into assets with ca. GBP 95mm of EBITDA (pro forma 2021): an acquisition multiple of ca.12x 2 Acquisition of three¹ strategic, cash-flowing platforms enables comfortable dividend cover
Slide 5: Cordiant Capital Senior Digital Infrastructure team and Board
Cordiant Digital Infrastructure Limited Cordiant Capital (Investment Manager) Cordiant Digital Infrastructure Limited Senior Digital Infrastructure team Board 1 Shonaid Jemmett-Page FCA (Chairman) • 20 years at KPMG, rising to Partner Depth of experience • Currently Chair of Greencoat UK Wind Plc, n
Slide 6: Statement of comprehensive income (unaudited)
Cordiant Digital Infrastructure Limited Financials Statement of comprehensive income (unaudited) For the period from 4 January 2021 to 31 March 2022 £’000 Movement in fair value of investments 40,346 12.49 pence Basic earnings per ordinary share Foreign exchange gains on investments (unrealised) 13,
Slide 7: Statement of financial position (unaudited)
Cordiant Digital Infrastructure Limited Financials Statement of financial position (unaudited) As at 31 March 2022 £’000 106.34 pence Investments at fair value 409,856 NAV per ordinary share Receivables 51,705 Financial derivative assets 8,072 Cash 4 and cash equivalents 353,734 15.7% Payables (1,02
Slide 8: Portfolio analysis
Cordiant Digital Infrastructure Limited Financials Portfolio analysis Substantial dividend cover Highly contracted revenue base1 4.63 4.16 32.2% 67.8% Revenue contracted (orderbook) Contracts likely to 32.2% 67.8% renew / revenue to 4 be contracted EBITDA dividend cover Earnings dividend cover Infla
Slide 9: Asset portfolio summary: A strong foundation for growth
Cordiant Digital Infrastructure Limited Asset portfolio summary A strong foundation for growth ca.350,000 sq ft .ca.1,200 existing & potential raised floor ca.4,000 km communication towers and of fibre, covering two fibre- sites (or equivalent) data centre optic networks capacity c.£95m1 c.6-8 years
Slide 10: CRA Overview and update
Cordiant Digital Infrastructure Limited CRA Overview and update Business Overview Business Update CRA is a leading independent digital infrastructure platform in the Czech Republic, • The business performance of Data Centres, Telecom and Internet of Things with a unique portfolio of assets comprisin
Slide 11: Hudson Interxchange Overview and update
Cordiant Digital Infrastructure Limited Hudson Interxchange Overview and update Hudson’s infrastructure occupies pivotal positions in the strategic interconnect building. National wireless New heads of sales & carrier signed as marketing hired tenant Active customer Strategic relationship pipeline f
Slide 12: Emitel Overview and update
Cordiant Digital Infrastructure Limited Emitel Overview and update Telecom Transmission Telecom Infrastructure TV Broadcasting Radio Broadcasting Services & Other Services Leading independent operator Technical operator of 6 MUXes Market position of telecom infrastructure in Poland (5 nationwide and
Slide 13: Cordiant Capital ESG and impact
Cordiant Digital Infrastructure Limited Cordiant Capital ESG and impact Cordiant’s Approach - Three Guiding Principles CORD has been working with investees to: The need to reduce ✓ Implement green energy into their supply mix (in 2021 CRA committed to transition to 100% ESG Toolkit Impact Toolkit th
Slide 14: ESG Approach to Digital Infrastructure
Cordiant Digital Infrastructure Limited ESG Approach to Digital Infrastructure A 3-layered approach to reducing electricity consumption and enhancing sustainability. Enable efficient network design – i.e. supporting integration of 5G and broadcast 4 Integrate renewable energy where possible; aim for
Slide 15: Market Context: Secular growth, high-priced large deals, high activity
Cordiant Digital Infrastructure Limited Market Context Secular growth, high-priced large deals, high activity Sector deals in 2021-2022 Large deals are This is happening in attracting high prices, the context of Recent large but the middle market sustained industry data centre remains more clement g
Slide 16: Pipeline: Most active current opportunities (>€3bn)
Cordiant Digital Infrastructure Limited Pipeline Most active current opportunities (>€3bn) Pipeline by subsector Commentary Multi asset • Pipeline has continued to grow 4% • Opportunity set currently more heavily weighted towards towers, but this will Fibre balance over time 25% • Data centre opport
Slide 17: Summary Outlook
Cordiant Digital Infrastructure Limited Summary Outlook 1 Continued strong growth for digital infrastructure driven by data growth and the need for customers to optimise their balance sheets 2 Contracted price escalators and industry growth are counterbalancing inflation 3 The pipeline of opportunit
Slide 18: Appendix
Appendix 17
Slide 19: Cordiant Capital at a glance
Cordiant Digital Infrastructure Limited Appendix Cordiant Capital at a glance An institutional manager Strong proprietary True sector specialists in digital serving large insurance companies (including SIFIs), deal flow infrastructure pension plans, private banking platforms, multi-asset funds, FoF
Slide 20: Disclaimer
Cordiant Digital Infrastructure Limited Disclaimer For Investment Professionals (as defined under FSMA 2000) Individuals without regulator. This document does not constitute or form part of, and should not be construed as, professional experience in matters relating to investments should not rely on
Slide 21: Disclaimer (continued)
Cordiant Digital Infrastructure Limited Disclaimer (continued) An investment in CORD will involve certain risks. This presentation and subsequent discussion may contain certain forward-looking statements with respect to the financial condition, results of operations and business of CORD and its corp
Slide 22: Investment Manager and Media contacts
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 Communications Orion House 5 Upper St. Martin’s Lane London WC2H 9EA +44 (0)20 8434 264
Cordiant Digital Infrastructure — FY2022 Earnings Presentation on 6ix