27 August 2021

NEXTDC announces strong FY21 results

NEXTDC is pleased to announce we have delivered another year of strong growth in revenue and new customer acquisition.

FY21 financial highlights

  • Data centre services revenue grew $45.3 million (23%) to $246.1 million (upgraded guidance: $246 million to $251 million)
  • Underlying EBITDA1,2 up $29.9 million (29%) to $134.5 million (upgraded guidance: $130 million to $133 million)
  • Operating cash flow up $79.5 million (148%) to $133.2 million
  • Capital expenditure down $116 million (18%) to $301 million (guidance: $380 million to $400 million)
  • Strong ongoing focus on capital management has allowed the Company to preserve cashflow ahead of expectations
  • Liquidity (cash and undrawn debt facilities) of $1.7 billion at 30 June 2021

NEXTDC Chief Executive Officer and Managing Director, Craig Scroggie, commented on the FY21 results: “We are pleased to deliver on market expectations, with the Company’s FY21 results coming in ahead of the upgraded guidance provided at the time of NEXTDC’s 1H21 results in February. Today’s results are a testament to the Company’s pursuit of excellence, against a more difficult economic backdrop due to the COVID-19 global pandemic.”

Business performance

For the financial year ended 30 June 2021:

  • Contracted utilisation grew 5.5MW (8%) to 75.5MW
  • Number of customers increased by 183 (13%) to 1,547
  • Interconnections rose 1,667 (13%) to 14,718, representing 7.7% of recurring revenue

Development activity

  • S2 Sydney fitout completed, taking total installed capacity to 30MW
  • S3 Sydney building construction well progressed. Practical completion of Stage 1 on target for 2H22 with 12MW of initial capacity
  • M2 Melbourne fitout continued with 9MW of capacity added to support customer requirements. Building expansion works continue, with 9MW of additional capacity being added to support customer growth

To view the full FY21 results, visit NEXTDC’s Investor Centre