FORM 6-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

FORM 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Report on Form 6-K dated 7 March 2018

(Commission File No. 001-35053)

 

 

INTERXION HOLDING N.V.

(Translation of Registrant’s Name into English)

 

 

Tupolevlaan 24, 1119 NX Schiphol-Rijk, The Netherlands, +31 20 880 7600

(Address of Principal Executive Office)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  ☒             Form 40-F  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ☐

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7) ):  ☐

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

 

 

 


This report contains Interxion Holding N.V.’s (1) fourth quarter and full year 2017 earnings press release and (2) presentation materials to be used during a conference call with investors on 7 March 2018.

 

Exhibit

    
99.1    The press release “Interxion Reports Fourth Quarter and Full Year 2017 Results”, dated 7 March 2018.
99.2    Presentation materials to be used during a conference call with investors on 7 March 2018.

 


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  INTERXION HOLDING N.V.
By:  

/s/ David C. Ruberg

Name:   David C. Ruberg
Title:   Chief Executive Officer

Date: 7 March 2018

EX-99.1

Exhibit 99.1

 

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Press Release, 7 March 2018

Interxion Reports Fourth Quarter and Full Year 2017 Results

18% Year Over Year Revenue Growth in Fourth Quarter and

Continued Strong Bookings Reflect Growing Broad-Based Demand

AMSTERDAM 7 March 2018 – Interxion Holding NV (NYSE: INXN), a leading European provider of carrier and cloud-neutral colocation data centre services, announced its results today for the three months and year ended 31 December 2017.

Financial Highlights    

 

    Revenue for the fourth quarter and full year (FY) increased by 18% and 16% to €129.9 million and €489.3 million, respectively (4Q 2016: €110.5 million; FY 2016: €421.8 million).

 

    Recurring revenue1 for the fourth quarter and full year increased by 19% and 16% to €123.4 million and €462.5 million, respectively (4Q 2016: €103.4 million; FY 2016: €400.0 million).

 

    Net income for the fourth quarter and full year was €11.0 million and €42.2 million, respectively (4Q 2016: €10.0 million; FY 2016: €39.9 million).

 

    Adjusted net income2 for the fourth quarter and full year was €11.9 million and €43.4 million, respectively (4Q 2016: €9.0 million; FY 2016: €36.6 million).

 

    Earnings per diluted share for the fourth quarter and full year were €0.15 and €0.59, respectively (4Q 2016: €0.14; FY 2016: €0.56).

 

    Adjusted earnings2 per diluted share for the fourth quarter and full year were €0.17 and €0.61, respectively (4Q 2016: €0.13; FY 2016: €0.51).

 

    Adjusted EBITDA2 for the fourth quarter and full year increased by 20% and 16% to €59.1 million and €221.0 million, respectively (4Q 2016: €49.3 million; FY 2016: €190.9 million).

 

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Press Release, 7 March 2018

 

    Adjusted EBITDA margin for the fourth quarter and full year was 45.5% and 45.2%, up 90 basis points and down 10 basis points, respectively (4Q 2016: 44.6%; FY 2016: 45.3%).

 

    Capital expenditures, including intangible assets3, were €69.7 million in the fourth quarter and €256.0 million for full year 2017 (4Q 2016: €73.8 million; FY 2016: €250.9 million).

Operating Highlights

 

    Equipped Space4 increased by 3,600 square metres in the fourth quarter and 11,700 square metres for the full year to 122,500 square metres.

 

    Revenue Generating Space4 increased by 2,700 square metres in the fourth quarter and 12,600 square metres for the full year to 99,800 square metres.

 

    Utilisation Rate was 81% at the end of the year.

 

    During the fourth quarter, Interxion opened a new data centre in Frankfurt. In addition, Interxion completed the following expansions:

 

    700 sqm expansion in Zurich;

 

    300 sqm expansion in Vienna; and

 

    200 sqm expansion in Stockholm.

 

    Interxion today announces a 500 sqm expansion in Paris.

“Interxion’s fourth quarter results conclude another year of strong performance, with 18% revenue growth for the quarter and 16% revenue growth for full year 2017,” said David Ruberg, Interxion’s Chief Executive Officer. “These results reflect Interxion’s consistent strategic and operational execution, our success in capturing the broad-based demand for our colocation services across our European footprint and the increasing value that our customers receive from our communities of interest strategy. Looking ahead, we are continuing to see positive growth drivers, including cloud platform providers expanding their infrastructure across our European footprint, and emerging enterprise hybrid cloud adoption.”

 

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Press Release, 7 March 2018

 

Quarterly Review

Revenue in the fourth quarter of 2017 was €129.9 million, an 18% increase over the fourth quarter of 2016 and a 4% increase over the third quarter of 2017. Recurring revenue was €123.4 million, a 19% increase over the fourth quarter of 2016 and a 5% increase over the third quarter of 2017. Recurring revenue in the fourth quarter represented 95% of total revenue. On an organic constant currency5 basis, revenue in the fourth quarter of 2017 was 17% higher than in the fourth quarter of 2016 and 4% higher than in the third quarter of 2017.

Cost of sales in the fourth quarter of 2017 was €48.8 million, a 14% increase over the fourth quarter of 2016 and a 2% decrease over the third quarter of 2017.

Gross profit was €81.0 million in the fourth quarter of 2017, a 20% increase over the fourth quarter of 2016 and an 8% increase over the third quarter of 2017. The gross profit margin was 62.4% in the fourth quarter of 2017 (inclusive of full year impact of an energy credit in Germany booked in the fourth quarter) compared with 61.1% in the fourth quarter of 2016 and 60.2% in the third quarter of 2017. Adjusting for this one-time item, the gross profit margin in the fourth quarter of 2017 was 61.8%.

Sales and marketing costs in the fourth quarter of 2017 were €9.0 million. This represented an 18% increase over the fourth quarter of 2016 and a 9% increase from the third quarter of 2017, reflecting investment in go-to-market projects.

Other general and administrative costs (excluding depreciation, amortisation, impairments, share-based payments and M&A transaction costs) were €12.9 million in the fourth quarter of 2017. This represented a 23% increase over the fourth quarter of 2016 and a 22% increase from the third quarter of 2017, largely due to professional fees associated with the implementation of IFRS 15 and 16, as well as increased business taxes in France.

 

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Press Release, 7 March 2018

 

Depreciation, amortisation, and impairments in the fourth quarter of 2017 was €29.1 million, a 20% increase from the fourth quarter of 2016 and a 5% increase from the third quarter of 2017.

Operating income in the fourth quarter of 2017 was €27.0 million, an increase of 20% from the fourth quarter of 2016 and an 8% increase from the third quarter of 2017.

Net finance expense for the fourth quarter of 2017 was €12.3 million, a 30% increase over the fourth quarter of 2016 and a 14% increase over the third quarter of 2017.

Income tax expense for the fourth quarter of 2017 was €3.7 million, a 22% increase compared with the fourth quarter of 2016 and an 11% decrease from the third quarter of 2017.

Net income was €11.0 million in the fourth quarter of 2017, a 9% increase over the fourth quarter of 2016 and a 9% increase from the third quarter of 2017.

Adjusted net income was €11.9 million in the fourth quarter of 2017, a 33% increase over the fourth quarter of 2016 and a 12% increase from the third quarter of 2017.

Adjusted EBITDA for the fourth quarter of 2017 was €59.1 million, a 20% increase over the fourth quarter of 2016 and a 5% increase over the third quarter of 2017.

Adjusted EBITDA margin was 45.5% in the fourth quarter of 2017, compared with 44.6% in the fourth quarter of 2016 and 45.1% in the third quarter of 2017.

Net cash flows from operating activities were €45.5 million in the fourth quarter of 2017, compared with €45.4 million in the fourth quarter of 2016 and €32.5 million in the third quarter of 2017.

Cash generated from operations6 was €50.3 million in the fourth quarter of 2017, compared with €50.2 million in the fourth quarter of 2016 and €55.2 million in the third quarter of 2017.

 

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Capital expenditures, including intangible assets, were €69.7 million in the fourth quarter of 2017, compared with €73.8 million in the fourth quarter of 2016 and €75.2 million in the third quarter of 2017.

Cash and cash equivalents were €38.5 million at 31 December 2017, compared with €115.9 million at 31 December 2016.

Total borrowings, net of deferred revolving facility financing fees, were €832.6 million at 31 December 2017, compared with €735.0 million at year end 2016.

All of the capacity metrics below do not include Interxion Science Park.

Equipped space at the end of the fourth quarter of 2017 was 122,500 square metres, compared with 110,800 square metres at the end of the fourth quarter of 2016 and 118,900 square metres at the end of the third quarter of 2017.

Revenue generating space at the end of the fourth quarter of 2017 was 99,800 square metres, compared with 87,200 square metres at the end of the fourth quarter of 2016 and 97,100 square metres at the end of the third quarter of 2017.

Utilisation rate, the ratio of revenue-generating space to equipped space, was 81% at the end of the fourth quarter of 2017, compared with 79% at the end of the fourth quarter of 2016 and 82% at the end of the third quarter of 2017.

Annual Review

Revenue for 2017 was €489.3 million, a 16% increase compared to 2016. Recurring revenue for 2017 was €462.5 million, a 16% increase compared to 2016, and accounted for 95% of total revenue in 2017, consistent with 2016. On an organic constant currency basis, revenue in 2017 was 15% higher than in 2016.

Gross profit was €298.8 million in 2017, a 15% increase compared to 2016. Gross profit margin was 61.1% in 2017, a decrease of 40 bps compared to 2016.

Sales and marketing costs for 2017 were €33.5 million, a 12% increase compared to 2016.

 

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Adjusted EBITDA for 2017 was €221.0 million, a 16% increase compared to 2016. Adjusted EBITDA margin for 2017 was 45.2%, a decrease of 10 bps compared to 2016.

Net income was €42.2 million in 2017, compared to €39.9 million in 2016. Diluted earnings per share in 2017 were €0.59 on a weighted average of 71.6 million diluted shares, compared to €0.56 on a weighted average of 71.2 million diluted shares in 2016.

Adjusted net income was €43.4 million in 2017, a 19% increase compared to 2016. Adjusted earnings per diluted share were €0.61 on a weighted average of 71.6 million diluted shares, compared to €0.51 on a weighted average of 71.2 million diluted shares in 2016. A reconciliation from net income to Adjusted net income is provided in the tables attached to this press release.

Cash generated from operations, defined as cash generated from operating activities before interest and corporate income tax payments and receipts, was €209.0 million in 2017, an increase of 14% compared to 2016.

Capital expenditures, including intangible assets, were €256.0 million in 2017 compared to €250.9 million in 2016.

During 2017, Interxion opened 11,700 square metres of new Equipped Space4, and installed a net 12,600 Revenue Generating Square Metres4, increasing utilisation to 81% as of 31 December 2017 from 79% as of 31 December 2016.

 

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Business Outlook

Interxion today is providing guidance for full year 2018:

     
Revenue    €553 million – €569 million   
Adjusted EBITDA    €250 million – €260 million   
Capital expenditures (including intangibles)    €335 million – €365 million   

Conference Call to Discuss Results

Interxion will host a conference call today at 8:30 a.m. EST (1:30 p.m. GMT, 2:30 p.m. CET) to discuss the results.

To participate on this call, U.S. callers may dial toll free 1-866-966-9439; callers outside the U.S. may dial direct +44 (0) 1452 555 566. The conference ID for this call is INXN. This event also will be webcast live over the Internet in listen-only mode at investors.interxion.com.

A replay of this call will be available shortly after the call concludes and will be available until 20 March 2018. To access the replay, U.S. callers may dial toll free 1-866-247-4222; callers outside the U.S. may dial direct +44 (0) 1452 550 000. The replay access number is 1468928.

Forward-looking Statements

This communication contains forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such forward-looking statements. Factors that could cause actual results and future events to differ materially from Interxion’s expectations include, but are not limited to, the difficulty of reducing operating expenses in the short term, the inability to utilise the capacity of newly planned data centres and data centre expansions,

 

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Press Release, 7 March 2018

 

significant competition, the cost and supply of electrical power, data centre industry over-capacity, performance under service level agreements, certain other risks detailed herein and other risks described from time to time in Interxion’s filings with the United States Securities and Exchange Commission (the “SEC”).

Interxion does not assume any obligation to update the forward-looking information contained in this report.

Non-IFRS Financial Measures

Included in these materials are certain non-IFRS financial measures, which are measures of our financial performance that are not calculated and presented in accordance with IFRS, within the meaning of applicable SEC rules. These measures are as follows: (i) Adjusted EBITDA; (ii) Recurring revenue; (iii) Revenue on an organic constant currency basis; (iv) Adjusted net income; (v) Adjusted basic earnings per share; (vi) Adjusted diluted earnings per share and (vii) Cash generated from operations.

Other companies may present Adjusted EBITDA, Recurring revenue, Revenue on an organic constant currency basis, Adjusted net income, Adjusted basic earnings per share, Adjusted diluted earnings per share and Cash generated from operations differently than we do. Each of these measures are not measures of financial performance under IFRS and should not be considered as an alternative to operating income or as a measure of liquidity or an alternative to Profit for the period attributable to shareholders (“net income”) as indicators of our operating performance or any other measure of performance implemented in accordance with IFRS.

Our financial statements and results of operations presented herein include the financial results for Interxion Science Park, however equipped space, revenue generation space and other metrics derived from these measures exclude Interxion Science Park, which was acquired on 24 February 2017. We intend to include Interxion Science Park in equipped space, revenue generation space and other metrics derived from these measures within earnings materials for periods commencing on and after 1 January 2018.

 

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Adjusted EBITDA, Recurring revenue and Revenue on an organic constant currency basis

We define Adjusted EBITDA as Operating income adjusted for the following items, which may occur in any period, and which management believes are not representative of our operating performance:

 

    Depreciation, and amortisation – property, plant and equipment and intangible assets (except goodwill) are depreciated on a straight-line basis over the estimated useful life. We believe that these costs do not represent our operating performance.

 

    Share-based payments – primarily the fair value at the date of grant to employees of equity awards, are recognised as an employee expense over the vesting period. We believe that this expense does not represent our operating performance.

 

    Income or expense related to the evaluation and execution of potential mergers or acquisitions (“M&A”) – under IFRS, gains and losses associated with M&A activity are recognised in the period in which such gains or losses are incurred. We exclude these effects because we believe they are not reflective of our ongoing operating performance.

 

    Adjustments related to terminated and unused data centre sites – these gains and losses relate to historical leases entered into for certain brownfield sites, with the intention of developing data centres, which were never developed and for which management has no intention of developing into data centres. We believe the impact of gains and losses related to unused data centres are not reflective of our business activities and our on-going operating performance.

In certain circumstances, we may also adjust for other items that management believes are not representative of our current on-going performance. Examples include: adjustments for the cumulative effect of a change in accounting principle or estimate, impairment losses, litigation gains and losses or windfall gains and losses.

 

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Press Release, 7 March 2018

 

We define Recurring revenue as revenue incurred from colocation and associated power charges, office space, amortised set-up fees, cross-connects and certain recurring managed services (but excluding any ad hoc managed services) provided by us directly or through third parties, excluding rents received for the sublease of unused sites.

We believe Adjusted EBITDA and Recurring revenue provide useful supplemental information to investors regarding our on-going operational performance. These measures help us and our investors evaluate the on-going operating performance of the business after removing the impact of our capital structure (primarily interest expense) and our asset base (primarily depreciation and amortisation). Management believes that the presentation of Adjusted EBITDA, when combined with the primary IFRS presentation of net income, provides a more complete analysis of our operating performance. Management also believes the use of Adjusted EBITDA facilitates comparisons between us and other data centre operators (including other data centre operators that are REITs) and other infrastructure-based businesses. Adjusted EBITDA is also a relevant measure used in the financial covenants of our €100.0 million revolving credit facility, our €100.0 million senior secured revolving facility and our 6.00% Senior Secured Notes due 2020.

A reconciliation from net income to Adjusted EBITDA is provided in the tables attached to this press release. Adjusted EBITDA and other key performance indicators may not be indicative of our historical results of operations, nor are they meant to be predictive of future results.

We believe that revenue growth is a key indicator of how a company is progressing from period to period and presenting organic constant currency information for revenue provides useful supplemental information to investors regarding our ongoing operational performance because it helps us and our investors evaluate the ongoing operating performance of the business after removing the impact of acquisitions and of currency exchange rates.

 

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Adjusted net income, Adjusted basic earnings per share and Adjusted diluted earnings per share

We define Adjusted net income as net income adjusted for the following items and the related income tax effect, which may occur in any period, and which management believes are not reflective of our operating performance:

 

    Income or expense related to the evaluation and execution of potential mergers or acquisitions (“M&A”) – under IFRS, gains and losses associated with M&A activity are recognised in the period in which such gains or losses are incurred. We exclude these effects because we believe they are not reflective of our on-going operating performance.

 

    Adjustments related to provisions – these adjustments are made for adjustments in provisions that are not reflective of the on-going operating performance of Interxion. These adjustments may include changes in provisions for onerous lease contracts.

 

    Adjustments related to capitalised interest – under IFRS, we are required to calculate and capitalise interest allocated to the investment in data centres and exclude it from net income. We believe that reversing the impact of capitalised interest provides information about the impact of the total interest costs and facilitates comparisons with other data centre operators.

In certain circumstances, we may also adjust for items that management believes are not representative of our current on-going performance. Examples include: adjustments for the cumulative effect of a change in accounting principle or estimate, impairment losses, litigation gains and losses or windfall gains and losses.

Management believe that the exclusion of certain items listed above, provides useful supplemental information to net income to aid investors in evaluating the operating performance of our business and comparing our operating

 

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performance with other data centre operators and infrastructure companies. We believe the presentation of Adjusted net income, when combined with net income (loss) prepared in accordance with IFRS is beneficial to a complete understanding of our performance. A reconciliation from reported net income to Adjusted net income is provided in the tables attached to this press release.

Adjusted basic earnings per share and Adjusted diluted earnings per share amounts are determined on Adjusted net income.

Cash generated from operations

Cash generated from operations is defined as net cash flows from operating activities, excluding interest and corporate income tax payments and receipts. Management believe that the exclusion of these items, provides useful supplemental information to net cash flows from operating activities to aid investors in evaluating the cash generating performance of our business.

The company’s outlook for 2018 included in this press release, includes a range for expected Adjusted EBITDA, a non-IFRS financial measure, which excludes items that management believes are not representative of our operating performance. These items include, but are not limited to, depreciation, amortisation and impairments, share-based payments, income or expense related to the evaluation and execution of potential mergers or acquisitions, adjustments related to terminated and unused data centre sites, and other significant items that currently cannot be predicted. The exact amount of these items is not currently determinable but may be significant. Accordingly, the company is unable to provide equivalent reconciliations from the corresponding forward-looking IFRS measures to expected Adjusted EBITDA.

-ENDS-

 

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About Interxion

Interxion (NYSE: INXN) is a leading provider of carrier and cloud-neutral colocation data centre services in Europe, serving a wide range of customers through 49 data centres in 11 European countries. Interxion’s uniformly designed, energy efficient data centres offer customers extensive security and uptime for their mission-critical applications. With over 700 connectivity providers, 21 European Internet exchanges, and most leading cloud and digital media platforms across its footprint, Interxion has created connectivity, cloud, content and finance hubs that foster growing customer communities of interest. For more information, please visit www.interxion.com.

Contact information:

Interxion

Jim Huseby

Investor Relations

Tel: +1-813-644-9399

IR@interxion.com

This announcement contains inside information under Regulation (EU) 596/2014 (16 April 2014).

 

1  Recurring revenue is revenue incurred from colocation and associated power charges, office space, amortised set-up fees, cross-connects and certain recurring managed services (but excluding any ad hoc managed services) provided by us directly or through third parties, excluding rents received for the sublease of unused sites.
2  Adjusted net income (or ‘Adjusted earnings’) and Adjusted EBITDA are non-IFRS figures intended to adjust for certain items and are not measures of financial performance under IFRS. Complete definitions can be found in the “Non-IFRS Financial Measures” section in this press release. Reconciliations of net income to Adjusted EBITDA and net income to Adjusted net income can be found in the financial tables later in this press release.
3  Capital expenditures, including intangible assets, represent payments to acquire property, plant, equipment and intangible assets, as recorded in the consolidated statement of cash flows as “Purchase of property, plant and equipment” and “Purchase of intangible assets”, respectively.
4  Equipped space and Revenue generating space (and other metrics derived from these measures) exclude Interxion Science Park, which was acquired on 24 February 2017.
5  We present organic constant currency information to provide a framework for assessing how our underlying businesses performed excluding the effect of acquisitions and foreign currency rate fluctuations. For purposes of calculating Revenue on an organic constant currency basis, results from entities acquired during the current and comparison period are excluded. Also, current and comparative prior period results for entities reporting in currencies other than Euro are converted into Euro using the average exchange rates from the prior period rather than the actual exchange rates in effect during the current period. The reconciliation of total revenue growth to total revenue growth on an organic constant currency basis, is as follows:

 

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Three Months Ended 31 December 2017

   Year-on-year     Sequential  

Reported total revenue growth

     17.6     4.2

Add back: impact of foreign currency translation

     0.7     0.2

Reverse: impact of acquired ISP business

     -1.8     0.1
  

 

 

   

 

 

 

Total revenue growth on an organic constant currency basis

     16.5     4.4

Percentages may not add due to rounding

 

6 We define Cash generated from operations as net cash flows from operating activities, excluding interest and corporate income tax payments and receipts.

 

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INTERXION HOLDING NV

CONDENSED CONSOLIDATED INCOME STATEMENTS

(in €’000 – except per share data and where stated otherwise)

(unaudited)

 

     Three Months Ended     Year Ended  
     Dec-31
2017
    Dec-31
2016
    Dec-31
2017
    Dec-31
2016
 

Revenue

     129,881       110,487       489,302       421,788  

Cost of sales

     (48,842     (43,022     (190,471     (162,568
  

 

 

   

 

 

   

 

 

   

 

 

 

Gross Profit

     81,039       67,465       298,831       259,220  

Other income

     70       191       97       333  

Sales and marketing costs

     (9,008     (7,640     (33,465     (29,941

General and administrative costs

     (45,103     (37,438     (164,051     (137,010
  

 

 

   

 

 

   

 

 

   

 

 

 

Operating income

     26,998       22,578       101,412       92,602  

Net finance expense

     (12,327     (9,513     (44,367     (36,269
  

 

 

   

 

 

   

 

 

   

 

 

 

Profit or loss before income taxes

     14,671       13,065       57,045       56,333  

Income tax expense

     (3,681     (3,027     (14,839     (16,450
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income

     10,990       10,038       42,206       39,883  
  

 

 

   

 

 

   

 

 

   

 

 

 

Basic earnings per share(a): (€)

     0.15       0.14       0.59       0.57  

Diluted earnings per share(b): (€)

     0.15       0.14       0.59       0.56  

Number of shares outstanding at the end of the period (shares in thousands)

     71,415       70,603       71,415       70,603  

Weighted average number of shares for Basic EPS (shares in thousands)

     71,343       70,538       71,089       70,349  

Weighted average number of shares for Diluted EPS (shares in thousands)

     71,900       71,407       71,619       71,215  
           As at  
                 Dec-31
2017
    Dec-31
2016
 

Capacity metrics

        

Equipped space (in square meters) (c)

         122,500       110,800  

Revenue generating space (in square meters) (c)

         99,800       87,200  

Utilization rate

         81     79

 

(a) Basic earnings per share are calculated as net income divided by the weighted average number of shares for Basic EPS.
(b) Diluted earnings per share are calculated as net income divided by the weighted average number of shares for Diluted EPS.
(c) Equipped space and Revenue generating space (and other metrics derived from these measures) exclude Interxion Science Park, which was acquired on February 24, 2017.    

 

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INTERXION HOLDING NV

NOTES TO CONDENSED CONSOLIDATED INCOME STATEMENTS: SEGMENT INFORMATION

(in €’000 – except where stated otherwise)

(unaudited)

 

     Three Months Ended     Year Ended  
     Dec-31
2017
    Dec-31
2016
    Dec-31
2017
    Dec-31
2016
 

Consolidated

        

Recurring revenue

     123,422       103,429       462,516       399,958  

Non-recurring revenue

     6,459       7,058       26,786       21,830  
  

 

 

   

 

 

   

 

 

   

 

 

 

Revenue

     129,881       110,487       489,302       421,788  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income

     10,990       10,038       42,206       39,883  

Net income margin

     8.5     9.1     8.6     9.5
  

 

 

   

 

 

   

 

 

   

 

 

 

Operating income

     26,998       22,578       101,412       92,602  

Operating income margin

     20.8     20.4     20.7     22.0
  

 

 

   

 

 

   

 

 

   

 

 

 

Adjusted EBITDA

     59,111       49,280       220,961       190,876  
  

 

 

   

 

 

   

 

 

   

 

 

 

Gross profit margin

     62.4     61.1     61.1     61.5

Adjusted EBITDA margin

     45.5     44.6     45.2     45.3

Total assets

     1,702,071       1,482,665       1,702,071       1,482,665  

Total liabilities

     1,105,343       933,896       1,105,343       933,896  

Capital expenditure, including intangible assets(a)

     (69,659     (73,758     (256,015     (250,878

France, Germany, the Netherlands, and the UK

        

Recurring revenue

     81,611       66,157       302,346       256,004  

Non-recurring revenue

     3,941       4,812       16,291       13,770  
  

 

 

   

 

 

   

 

 

   

 

 

 

Revenue

     85,552       70,969       318,637       269,774  

Operating income

     28,164       21,565       101,120       87,558  

Operating income margin

     32.9     30.4     31.7     32.5
  

 

 

   

 

 

   

 

 

   

 

 

 

Adjusted EBITDA

     48,121       38,222       174,818       148,191  
  

 

 

   

 

 

   

 

 

   

 

 

 

Gross profit margin

     64.4     62.0     62.4     62.6

Adjusted EBITDA margin

     56.2     53.9     54.9     54.9

Total assets

     1,229,960       990,406       1,229,960       990,406  

Total liabilities

     267,751       202,330       267,751       202,330  

Capital expenditure, including intangible assets(a)

     (47,406     (46,834     (174,818     (170,707

Rest of Europe

        

Recurring revenue

     41,811       37,272       160,170       143,954  

Non-recurring revenue

     2,518       2,246       10,495       8,060  
  

 

 

   

 

 

   

 

 

   

 

 

 

Revenue

     44,329       39,518       170,665       152,014  
  

 

 

   

 

 

   

 

 

   

 

 

 

Operating income

     18,453       16,078       69,919       62,404  

Operating income margin

     41.6     40.7     41.0     41.1
  

 

 

   

 

 

   

 

 

   

 

 

 

Adjusted EBITDA

     26,056       22,740       99,665       88,195  
  

 

 

   

 

 

   

 

 

   

 

 

 

Gross profit margin

     66.7     65.9     66.1     65.9

Adjusted EBITDA margin

     58.8     57.5     58.4     58.0

Total assets

     393,644       363,444       393,644       363,444  

Total liabilities

     77,505       73,613       77,505       73,613  

Capital expenditure, including intangible assets(a)

     (18,737     (24,466     (69,832     (69,650

Corporate and other

        

Operating income

     (19,619     (15,065     (69,627     (57,360
  

 

 

   

 

 

   

 

 

   

 

 

 

Adjusted EBITDA

     (15,066     (11,682     (53,522     (45,510
  

 

 

   

 

 

   

 

 

   

 

 

 

Total assets

     78,467       128,815       78,467       128,815  

Total liabilities

     760,087       657,953       760,087       657,953  

Capital expenditure, including intangible assets(a)

     (3,516     (2,458     (11,365     (10,521

 

(a) Capital expenditure, including intangible assets, represents payments to acquire property, plant and equipment and intangible assets,as recorded in the condensed consolidated statements of cash flows as “Purchase of property, plant and equipment” and “Purchase of intangible assets”, respectively.

 

16


LOGO

Press Release, 7 March 2018

 

INTERXION HOLDING NV

NOTES TO CONDENSED CONSOLIDATED INCOME STATEMENTS: ADJUSTED EBITDA RECONCILIATION

(in €’000 – except where stated otherwise)

(unaudited)

 

     Three Months Ended     Year Ended  
     Dec-31
2017
    Dec-31
2016
    Dec-31
2017
    Dec-31
2016
 

Reconciliation to Adjusted EBITDA

        

Consolidated

        

Net income

     10,990       10,038       42,206       39,883  

Income tax expense

     3,681       3,027       14,839       16,450  
  

 

 

   

 

 

   

 

 

   

 

 

 

Profit before taxation

     14,671       13,065       57,045       56,333  

Net finance expense

     12,327       9,513       44,367       36,269  
  

 

 

   

 

 

   

 

 

   

 

 

 

Operating income

     26,998       22,578       101,412       92,602  

Depreciation, amortisation and impairments

     29,069       24,244       108,252       89,835  

Share-based payments

     1,471       1,828       6,790       6,343  

Income or expense related to the evaluation and execution of potential mergers or acquisitions:

        

M&A transaction costs(2)

     1,643       821       4,604       2,429  

Items related to terminated or unused data centre sites:

        

Items related to sub-leases on unused data centre sites(3)

     (70     47       (97     (95

Increase/(decrease) in provision for site restoration(4)

     —         (238     —         (238
  

 

 

   

 

 

   

 

 

   

 

 

 

Adjusted EBITDA(1)

     59,111       49,280       220,961       190,876  
  

 

 

   

 

 

   

 

 

   

 

 

 

France, Germany, the Netherlands, and the UK

        

Operating income

     28,164       21,565       101,120       87,558  

Depreciation, amortisation and impairments

     19,938       16,511       72,721       60,128  

Share-based payments

     89       337       1,074       838  

Items related to terminated or unused data centre sites:

        

Items related to sub-leases on unused data centre sites(3)

     (70     47       (97     (95

Increase/(decrease) in provision for site restoration(4)

     —         (238     —         (238
  

 

 

   

 

 

   

 

 

   

 

 

 

Adjusted EBITDA(1)

     48,121       38,222       174,818       148,191  
  

 

 

   

 

 

   

 

 

   

 

 

 

Rest of Europe

        

Operating income

     18,453       16,078       69,919       62,404  

Depreciation, amortisation and impairments

     7,544       6,554       29,365       25,371  

Share-based payments

     59       108       381       420  
  

 

 

   

 

 

   

 

 

   

 

 

 

Adjusted EBITDA(1)

     26,056       22,740       99,665       88,195  
  

 

 

   

 

 

   

 

 

   

 

 

 

Corporate and Other

        

Operating income

     (19,619     (15,065     (69,627     (57,360

Depreciation, amortisation and impairments

     1,587       1,179       6,166       4,336  

Share-based payments

     1,323       1,383       5,335       5,085  

Income or expense related to the evaluation and execution of potential mergers or acquisitions:

        

M&A transaction costs(2)

     1,643       821       4,604       2,429  
  

 

 

   

 

 

   

 

 

   

 

 

 

Adjusted EBITDA(1)

     (15,066     (11,682     (53,522     (45,510
  

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) “Adjusted EBITDA” is a non-IFRS financial measure. See “Non-IFRS Financial Measures” for more information, including why we believe Adjusted EBITDA is useful, and the limitations on the use of Adjusted EBITDA.
(2) “M&A transaction costs” are costs associated with the evaluation, diligence and conclusion or termination of merger or acquisition activity. These costs are included in “General and administrative costs”.
(3) “Items related to sub-leases on unused data centre sites” represents the income on sub-lease of portions of unused data centre sites to third parties. This income is treated as ‘Other income’.
(4) “Increase/(decrease) in provision for site restoration” represents income related to the termination of data centre sites. This item is treated as ‘Other income’.

 

17


LOGO

Press Release, 7 March 2018

 

INTERXION HOLDING NV

CONDENSED CONSOLIDATED BALANCE SHEET

(in €’000 – except where stated otherwise)

(unaudited)

 

     As at  
     Dec-31
2017
    Dec-31
2016
 

Non-current assets

    

Property, plant and equipment

     1,342,471       1,156,031  

Intangible assets

     60,593       28,694  

Goodwill

     38,900       —    

Deferred tax assets

     24,470       20,370  

Other investments

     3,693       1,942  

Other non-current assets

     13,674       11,914  
  

 

 

   

 

 

 
     1,483,801       1,218,951  

Current assets

    

Trade receivables and other current assets

     179,786       147,821  

Cash and cash equivalents

     38,484       115,893  
  

 

 

   

 

 

 
     218,270       263,714  
  

 

 

   

 

 

 

Total assets

     1,702,071       1,482,665  
  

 

 

   

 

 

 

Shareholders’ equity

    

Share capital

     7,141       7,060  

Share premium

     532,242       519,604  

Foreign currency translation reserve

     2,948       9,988  

Hedging reserve, net of tax

     (169     (243

Accumulated profit

     54,566       12,360  
  

 

 

   

 

 

 
     596,728       548,769  

Non-current liabilities

    

Other non-current liabilities

     15,080       11,718  

Deferred tax liabilities

     21,336       9,628  

Borrowings

     724,052       723,975  
  

 

 

   

 

 

 
     760,468       745,321  

Current liabilities

    

Trade payables and other current liabilities

     229,878       171,399  

Income tax liabilities

     6,237       5,694  

Borrowings

     108,760       11,482  
  

 

 

   

 

 

 
     344,875       188,575  
  

 

 

   

 

 

 

Total liabilities

     1,105,343       933,896  
  

 

 

   

 

 

 

Total liabilities and shareholders’ equity

     1,702,071       1,482,665  
  

 

 

   

 

 

 

 

18


LOGO

Press Release, 7 March 2018

 

INTERXION HOLDING NV

NOTES TO THE CONDENSED CONSOLIDATED BALANCE SHEET: BORROWINGS

(in €’000 – except where stated otherwise)

(unaudited)

 

     As at  
     Dec-31
2017
    Dec-31
2016
 

Borrowings net of cash and cash equivalents

    

Cash and cash equivalents

     38,484       115,893  
  

 

 

   

 

 

 

6.00% Senior Secured Notes due 2020(a)

     628,141       629,327  

Mortgages

     53,640       54,412  

Financial leases

     51,127       51,718  

Borrowings under our Senior Revolving Facility(b)

     99,904       —    
  

 

 

   

 

 

 

Borrowings excluding Senior Secured Revolving Facility deferred financing costs

     832,812       735,457  
  

 

 

   

 

 

 

Senior Secured Revolving Facility deferred financing costs(c)

     (204     (426
  

 

 

   

 

 

 

Total borrowings

     832,608       735,031  
  

 

 

   

 

 

 

Borrowings net of cash and cash equivalents

     794,124       619,138  
  

 

 

   

 

 

 

 

(a) €625 million 6.00% Senior Secured Notes due 2020 include a premium on additional issuances and are shown after deducting underwriting discounts and commissions, offering fees and expenses.
(b) On 28 July 2017, we amended the terms of our €75.0 million Senior Revolving Facility Agreement dated 9 March 2017 to increase the amount available under the facility to €100.0 million and to add a second extension option enabling us to extend the maturity of this facility to 31 December 2018. Also, on 31 July 2017, we extended the maturity of our €100.0 million Senior Secured Revolving Agreement dated 17 June 2013, from 3 July 2018 to 31 December 2018.
(c) Deferred financing costs of €0.2 million as of 31 December 2017 were incurred in connection with the €100 million Senior Secured Revolving Facility.

 

19


LOGO

Press Release, 7 March 2018

 

INTERXION HOLDING NV

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in €’000 – except where stated otherwise)

(unaudited)

 

     Three Months Ended     Year Ended  
     Dec-31
2017
    Dec-31
2016
    Dec-31
2017
    Dec-31
2016
 

Net income

     10,990       10,038       42,206       39,883  

Depreciation, amortisation and impairments

     29,069       24,244       108,252       89,835  

Provision for onerous lease contracts

     —         —         —         (1,533

Share-based payments

     1,738       1,701       5,750       6,105  

Net finance expense

     12,327       9,513       44,367       36,269  

Income tax expense

     3,681       3,027       14,839       16,450  
  

 

 

   

 

 

   

 

 

   

 

 

 
     57,805       48,524       215,414       187,009  

Movements in trade receivables and other assets

     (17,013     (7,480     (30,667     (11,126

Movements in trade payables and other liabilities

     9,473       9,127       24,266       7,505  
  

 

 

   

 

 

   

 

 

   

 

 

 

Cash generated from / (used in) operations

     50,265       50,171       209,013       183,388  

Interest and fees paid(a)

     (1,536     (2,224     (41,925     (36,003

Interest received

     3       67       143       136  

Income tax paid

     (3,241     (2,638     (11,985     (8,124
  

 

 

   

 

 

   

 

 

   

 

 

 

Net cash flows from / (used in) operating activities

     45,491       45,376       155,246       139,397  

Cash flows from / (used in) investing activities

        

Purchase of property plant and equipment

     (67,198     (72,741     (247,228     (241,958

Financial investments - deposits

     13       (25     (324     1,139  

Acquisition Interxion Science Park B.V.

     —         —         (77,517     —    

Purchase of intangible assets

     (2,461     (1,017     (8,787     (8,920

Loans provided

     (423     —         (1,764     (1,942

Proceeds from sale of financial asset

     —         —         —         281  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net cash flows from / (used in) investing activities

     (70,069     (73,783     (335,620     (251,400

Cash flows from / (used in) financing activities

        

Proceeds from exercised options

     199       112       6,969       6,332  

Proceeds from mortgages

     9,950       —         9,950       14,625  

Repayment of mortgages

     (8,804     (2,215     (10,848     (4,031

Proceeds from revolving credit facilities

     24,746       —         129,521       —    

Repayment Revolving facilities

     —         —         (30,000     —    

Proceeds Senior secured notes at 6%

     —         (538     —         154,808  

Financial lease obligation

     (995     —         (995     —    

Interest received at issue of additional notes

     —         —         —         2,225  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net cash flows from / (used in) financing activities

     25,096       (2,641     104,597       173,959  

Effect of exchange rate changes on cash

     (238     843       (1,632     251  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net increase / (decrease) in cash and cash equivalents

     280       (30,205     (77,409     62,207  

Cash and cash equivalents, beginning of period

     38,204       146,098       115,893       53,686  
  

 

 

   

 

 

   

 

 

   

 

 

 

Cash and cash equivalents, end of period

     38,484       115,893       38,484       115,893  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

(a) Interest and fees paid is reported net of cash interest capitalised, which is reported as part of “Purchase of property, plant and equipment”.    

 

20


LOGO

Press Release, 7 March 2018

 

INTERXION HOLDING NV

NOTES TO CONDENSED CONSOLIDATED INCOME STATEMENTS: ADJUSTED NET INCOME RECONCILIATION

(in €’000 – except per share data and where stated otherwise)

(unaudited)

 

     Three Months Ended     Year Ended  
     Dec-31
2017
    Dec-31
2016
    Dec-31
2017
    Dec-31
2016
 

Net income - as reported

     10,990       10,038       42,206       39,883  

Add back

        

+ M&A transaction costs

     1,643       821       4,604       2,429  
  

 

 

   

 

 

   

 

 

   

 

 

 
     1,643       821       4,604       2,429  

Reverse

        

- Profit on sale of financial asset

     —         —         —         (281

- Adjustment of financial lease obligation

     —         —         —         (1,410

- Increase/(decrease) in provision for site restoration

     —         (238     —         (238

- Deferred tax asset adjustment

     —         (809     —         (809

- Interest capitalised

     (452     (941     (3,057     (3,362
  

 

 

   

 

 

   

 

 

   

 

 

 
     (452     (1,988     (3,057     (6,100

Tax effect of above add backs & reversals

     (298     89       (387     363  
  

 

 

   

 

 

   

 

 

   

 

 

 

Adjusted net income

     11,883       8,960       43,366       36,575  
  

 

 

   

 

 

   

 

 

   

 

 

 

Reported basic EPS: (€)

     0.15       0.14       0.59       0.57  

Reported diluted EPS: (€)

     0.15       0.14       0.59       0.56  

Adjusted basic EPS: (€)

     0.17       0.13       0.61       0.52  

Adjusted diluted EPS: (€)

     0.17       0.13       0.61       0.51  

 

21


LOGO

Press Release, 7 March 2018

 

INTERXION HOLDING NV

Status of Announced Expansion Projects as at 7 March 2018

with Target Open Dates after 1 October 2017

 

               Equipped     
          CAPEX (a)(b)
   Space (a)     

Market

  

Project

   (€ million)    (sqm)   

Target Opening Dates

Amsterdam

   AMS8: Phases 3 - 6    63    5,300    4Q 2018 - 1Q 2019 (c)

Brussels

   BRU2: New data centre    3    1,000    1Q 2018

Copenhagen

   CPH2: Phases 3 - 5    18    1,500    2Q 2018 - 1Q 2019 (d)

Dublin

   DUB3: Phases 3 - 4    17    1,200    3Q 2018

Frankfurt

   FRA11: Phases 1 - 4 New Build    95    4,800    4Q 2017 - 2Q 2018 (e)

Frankfurt

   FRA13: Phases 1 - 2 New Build    90    4,900    4Q 2018 - 1Q 2019 (f)

London

   LON3: New Build    35    1,800    3Q 2018

Madrid

   MAD3: New Build    44    2,500    2Q 2019 (g)

Marseille

   MRS2: Phase 2 - 3    47    2,600    2Q 2018 - 2Q 2019(h)

Paris

   PAR7.2: Phase B (cont.) - C    47    2,500    2Q 2018 -1Q 2019 (i)

Stockholm

   STO5: Phases 1 (cont.) -3    23    1,400    4Q 2017 - 1Q 2019 (j)

Vienna

   VIE2: Phase 7 - 9    94    3,600    4Q 2017 - 3Q 2019 (k)

Zurich

   ZUR1: Phase 4    2    700    4Q 2017

Total

      €578    33,800   

 

(a) CAPEX and Equipped space are approximate and may change. Figures are rounded to nearest 100 sqm unless otherwise noted. Totals may not add due to rounding.    
(b) CAPEX reflects the total spend for the projects listed at full power and capacity and the amounts shown in the table above may be invested over the duration of more than one fiscal year.    
(c) AMS8: Phases 3 and 4 (1,300 sqm each) are scheduled to open in 4Q 2018; phases 5 and 6 (1,300 sqm each) are scheduled to open in 1Q 2019.    
(d) CPH2: Phases 3 and 4 (900 sqm total) are scheduled to open in 2Q 2018; phase 5 (600 sqm) is scheduled to open in 1Q 2019.
(e) FRA11: Phases 1 and 2 (1,200 square metres each) became operational in 4Q 2017; phases 3 & 4 (1,200 square metres each) are scheduled to become operational in 2Q 2018.    
(f) FRA13: Phase 1 (2,300 square metres) is scheduled to become operational in 4Q 2018; phase 2 (2,600 square metres) is scheduled to become operational in 1Q 2019.    
(g) MAD3: Capex total for MAD3 include land purchase price.    
(h) MRS2: 700 square metres is scheduled to become operational in 2Q 2018; 1,900 square metres is scheduled to become operational in 2Q 2019.    
(i) PAR7.2: Phase B (cont.) (500 sqm) is scheduled to become operational in 2Q 2018; Phase C (2,000 sqm) is scheduled to become operational in 1Q 2019.    
(j) STO5: 200 sqm became operational in 4Q 2017; 400 sqm is scheduled to become operational in 2Q 2018; 800 sqm is scheduled to become operational in 1Q 2019.    
(k) VIE2: 300 square metres became operational in 4Q 2017; 700 square metres is scheduled to become operational in 2Q 2018; 600 square metres is scheduled to become operational in 3Q 2018; 300 square metres is scheduled to become operational in 4Q 2018, 700 sqm scheduled to open in 2Q 2019, and 1,000 sqm scheduled to open in 3Q 2019.    

 

22

EX-99.2

Slide 1

4Q 2017 Earnings Conference Call NYSE: INXN 7 March 2018 Exhibit 99.2


Slide 2

This document includes forward-looking statements. All statements other than statements of historical fact included in this document regarding our business, financial condition, results of operations and certain of our plans, objectives, assumptions, projections, expectations or beliefs with respect to these items and statements regarding other future events or prospects, are forward-looking statements. These statements include, without limitation, those concerning: our strategy and our ability to achieve it; expectations regarding sales, profitability and growth; plans for the construction of new data centres; our possible or assumed future results of operations; research and development, capital expenditure and investment plans; adequacy of capital; and financing plans. The words “aim,” “may,” “will,” “expect,” “anticipate,” “believe,” “future,” “continue,” “help,” “estimate,” “plan,” “schedule,” “intend,” “should,” “shall” or the negative or other variations thereof as well as other statements regarding matters that are not historical fact, are or may constitute forward-looking statements. In addition, this document includes forward-looking statements relating to our potential exposure to various types of market risks, such as foreign exchange rate risk, interest rate risks and other risks related to financial assets and liabilities. We have based these forward-looking statements on our management’s current view with respect to future events and financial performance. These views reflect the best judgment of our management but involve a number of risks and uncertainties which could cause actual results to differ materially from those predicted in our forward-looking statements and from past results, performance or achievements. Although we believe that the estimates reflected in the forward-looking statements are reasonable, such estimates may prove to be incorrect. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. These factors include, among other things: operating expenses cannot be easily reduced in the short term; inability to utilise the capacity of newly planned data centres and data centre expansions; significant competition; cost and supply of electrical power; data centre industry over-capacity; and performance under service level agreements. All forward-looking statements included in this document are based on information available to us on the date of this document. The Company undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required by applicable law. All subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements contained throughout this document. This document contains references to certain non-IFRS financial measures, such as Adjusted EBITDA, Recurring revenue, Adjusted net income and Adjusted diluted earnings per share. For definitions of these measures and a reconciliation of these measures to the nearest IFRS-measure, please refer to the appendix. The non-IFRS measure Revenue growth on an organic constant currency basis is reconciled in the footnotes within this document. Certain financial and other information presented in this document has not been audited or reviewed by our independent auditors. Certain numerical, financial data, other amounts and percentages in this document may not sum due to rounding. In addition, certain figures in this document have been rounded to the nearest whole number. Our financial statements and results of operations presented herein include the financial results for Interxion Science Park, however equipped space, revenue generation space and other metrics derived from these measures exclude Interxion Science Park, which was acquired on 24 February 2017.  We intend to include Interxion Science Park in equipped space, revenue generation space and other metrics derived from these measures within earnings materials for periods commencing on and after 1 January 2018. Disclaimer


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Strategic & Operational Highlights David Ruberg – Chief Executive Officer


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Financial Execution Total revenue grew 16% Y/Y 15% Y/Y organic constant currency(1) Recurring revenue grew 16% Y/Y Adjusted EBITDA grew 16% Y/Y Adjusted EBITDA margin at 45.2% Capital expenditure of €256 million including intangibles(2) Operational Execution Added 11,700 sqm of new equipped space(2) Opened 4 new data centres Opened expansions in 7 countries Land bank expanded in Frankfurt and Amsterdam Acquired Interxion Science Park Revenue generating space up 14% Y/Y(2) Installed 12,600 sqm of new revenue generating space(2) Utilisation rate at 81%(2) FY 2017 Performance Strong Execution and Broad-Based Demand Drives 16% YOY Revenue Growth Organic constant currency revenue growth represents total revenue growth adjusted for: + 1% FX impact and (2%) inorganic revenue from Interxion Science Park. Excludes Interxion Science Park.


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4Q Revenue €129.9 million Grew 18% Y/Y and 4% Q/Q 4Q Recurring revenue €123.4 million Grew 19% Y/Y and 5% Q/Q 95% of total revenue 4Q Adjusted EBITDA €59.1 million Grew 20% Y/Y and 5% Q/Q 4Q Adjusted EBITDA margin 45.5% 4Q 2017 Financial Highlights Adjusted EBITDA & Margin (€ millions) 45.1% 45.5% Margin 44.6% Revenue (€ millions) Non- recurring revenue Recurring revenue 19% Recurring Revenue Growth and 20% Adjusted EBITDA Growth Y/Y in 4Q 2017 110.5 113.9 45.0% 120.8 45.1% 124.6 129.9


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Equipped space of 122,500 sqm 3,600 sqm added in the quarter Equipped space grew by 11% in 2017 Revenue generating space of 99,800 sqm 2,700 sqm installed in the quarter Revenue generating space grew by 14% in 2017 Utilisation rate of 81% Cross connect conversion project largely completed 4Q 2017 Operational Highlights(1) Equipped & Revenue Generating Space (1,000’s sqm) Available Equipped space Revenue generating space 81% 81% 79% Utilisation 79% 110.8 14% Growth in Revenue Generating Space Y/Y with Sustained High Utilisation 114.1 82% All figures exclude Interxion Science Park. 117.0 118.9 122.5


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Expanding Facilities To Support Customer Demand Expansion projects in all 11 countries Completed expansions in 4Q17: FRA11: ~2,400 sqm ZUR1: ~700 sqm VIE2: ~300 sqm STO5: ~200 sqm Expansions totaling over 30,000 sqm scheduled to open in 2018 and 2019 Expands capacity by over 25% Strong pre-sales provide revenue visibility New expansion announcement: PAR7: ~500 sqm Note: Totals may not add due to rounding. As of 7 March 2018. Capex and Equipped Space are approximate and may change. Capex reflects the total spend for the listed project at full power and capacity and the amounts shown in the table above may be invested over the duration of more than one fiscal year. Announced Expansion Projects with Target Open Dates after 1 Oct 2017(1) Market Data Centre Project Project CapEx (€ millions) Equipped Space (sqm) Remaining Schedule Project Opened (1) Amsterdam AMS8 Phases 3-6 63 5,300 0 4Q18 – 1Q19 Brussels BRU2 New DC 3 1,000 0 1Q18 Copenhagen CPH2 Phases 3 – 5 18 1,500 0 2Q18 – 1Q19 Dublin DUB3 Phases 3-4 17 1,200 0 3Q18 Frankfurt FRA11 Phases 1-4 New Build 95 4,800 2,400 4Q17 – 2Q18 Frankfurt FRA13 Phases 1-2 New Build 90 4,900 0 4Q18-1Q19 London LON3 New Build 35 1,800 0 3Q18 Madrid MAD3 New Build 44 2,500 0 2Q19 Marseille MRS2 Phases 2 – 3 47 2,600 0 2Q18 – 2Q19 Paris PAR7.2 Phase B (cont.)-C 47 2,500 0 2Q18 - 1Q19 Stockholm STO5 Phases 1 (cont.) – 3 23 1,400 200 4Q17 – 1Q19 Vienna VIE2 Phases 7-9 94 3,600 300 4Q17 – 3Q19 Zurich ZUR1 Phase 4 2 700 700 4Q17


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Communities Of Interest Deliver Significant Customer Value 11% 10% 10% Connectivity Providers Cloud Providers Systems Integrators Financial Services Digital Media / CDNs Enterprises 8% 32% 30% Data / End-user applications Platforms Note: Totals may not add to 100% due to rounding. Excludes Interxion Science Park.


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Financial Highlights Richard Rowson – Interim Chief Financial Officer


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Revenue grew 18% Y/Y and 4% Q/Q Revenue on an organic constant currency(2) basis grew 17% Y/Y and 4% Q/Q GBP approximately 9% of 4Q 2017 total revenue Gross profit grew 20% Y/Y and 8% Q/Q Gross profit margins grew to 62.4%, up 130 bps Y/Y Adjusted EBITDA grew 20% Y/Y and 5% Q/Q Adjusted EBITDA margins grew to 45.5%, up 90 bps Y/Y Recurring ARPU(3) was €411 4Q 2017 Results Recurring revenue, Non-recurring revenue, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted net income, and Adjusted earnings per share (diluted) are non-IFRS figures intended to adjust for certain items. Full definitions can be found in the “Definitions” section of this presentation. Reconciliations of Adjusted EBITDA and Adjusted net income to Net income can be found in the financial tables later in the appendix of this presentation. Organic constant currency revenue growth represents total revenue growth Y/Y adjusted for: 0.7% FX impact and (1.8%) inorganic revenue from Interxion Science Park. Organic constant currency revenue growth Q/Q represents total revenue growth adjusted for: 0.2% FX impact , and 0% inorganic contribution. Totals may not add due to rounding. Recurring ARPU excludes Interxion Science Park. € millions (except per share amounts) 4Q 2016 3Q 2017 4Q 2017 4Q 2017 vs. 4Q 2016 4Q 2017 vs. 3Q 2017 Recurring revenue(1) 103.4 117.4 123.4 19% 5% Non-recurring revenue(1) 7.1 7.3 6.5 (8%) (11%) Revenue 110.5 124.6 129.9 18% 4% Gross profit 67.5 75.0 81.0 20% 8% Gross profit margin 61.1% 60.2% 62.4% 130 bps 220 bps Adjusted EBITDA(1) 49.3 56.2 59.1 20% 5% Adjusted EBITDA(1) margin 44.6% 45.1% 45.5% 90 bps 40 bps Net income 10.0 10.1 11.0 9% 9% EPS (diluted) €0.14 €0.14 €0.15 9% 9% Adjusted net income(1) 9.0 10.7 11.9 33% 12% Adjusted EPS (diluted)(1) €0.13 €0.15 €0.17 32% 11%


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4Q 2017 Reporting Segment Analysis Revenue grew 12% Y/Y, 1% Q/Q 14% Y/Y and 2% Q/Q constant currency Recurring revenue grew 12% Y/Y, 2% Q/Q Adjusted EBITDA grew 15% Y/Y, 1% Q/Q Strength in Austria, Denmark, and Sweden Note: Analysis excludes “Corporate & Other” segment. Totals may not add due to rounding. Big 4: Organic constant currency revenue growth Y/Y represents total revenue growth adjusted for: + 0.4% FX impact and (2.8%) inorganic revenue from Interxion Science Park. Organic constant currency revenue growth Q/Q represents total revenue growth adjusted for 0.2% FX impact and 0% inorganic contribution. ROE: Constant currency revenue growth Y/Y represents total revenue growth adjusted for: + 1.4% FX impact. Constant currency revenue growth Q/Q represents total revenue growth adjusted for 0.8% FX impact. Revenue grew 21% Y/Y, 6% Q/Q 18% Y/Y and 6% Q/Q organic constant currency Recurring revenue grew 23% Y/Y, 7% Q/Q Adjusted EBITDA grew 26% Y/Y, 11% Q/Q Strength in France and Germany Revenue Adjusted EBITDA Adjusted EBITDA margin (€ millions) 53.9% 54.7% 54.7% 57.5% 58.3% 57.3% France, Germany, Netherlands & UK 53.7% 59.1% 56.2% 58.8% Rest of Europe (1) (2) Strong Revenue and Adjusted EBITDA Growth in the Big 4


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Revenue grew 16% Y/Y Organic constant currency revenue grew 15% Y/Y(2) Gross profit grew 15% Y/Y Gross profit margins at 61.1%, down 40bps Y/Y Adjusted EBITDA grew 16% Y/Y Adjusted EBITDA margins at 45.2%, down 10 bps Y/Y Net income growth impacted by increased depreciation and finance expense 2017 FY Results Recurring revenue, Non-recurring revenue, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted net income, and Adjusted earnings per share (diluted) are non-IFRS figures intended to adjust for certain items. Full definitions can be found on the “Definitions” section in this slide deck. Reconciliations of Adjusted EBITDA and Adjusted net income to Net income can be found in the financial tables later in the appendix of this slide deck. Organic constant currency revenue growth represents total revenue growth Y/Y adjusted for: +1.0% FX impact and (1.5%) inorganic revenue from Interxion Science Park. € millions (except per share amounts) 2016 2017 2017 vs. 2016 Recurring revenue(1) 400.0 462.5 16% Non-recurring revenue(1) 21.8 26.8 23% Revenue 421.8 489.3 16% Gross profit 259.2 298.8 15% Gross profit margin 61.5% 61.1% (40) bps Adjusted EBITDA(1) 190.9 221.0 16% Adjusted EBITDA(1) margin 45.3% 45.2% (10) bps Net income 39.9 42.2 6% EPS (diluted) €0.56 €0.59 5% Adjusted net income(1) 36.6 43.4 19% Adjusted EPS (diluted)(1) €0.51 €0.61 18%


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68% of capex invested in Big 4 88% of capex invested in discretionary expansion projects Maintenance & other capex constituted 5% of total revenue Expansion Driven Investments to Meet Customer Demand 75% 76% 78% 79% 81% Utilisation Allocating Expansion Capital to Meet Growing Demand Note: Totals may not add due to rounding Excludes the acquisition amounts of Interxion Science Park.


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5.3% blended cost of debt 4Q17 LTM Cash ROGIC 11% Leverage (pro forma for Interxion Science Park(4) acquisition): 3.8x gross leverage 3.6x net leverage €200 million of RCF capacity of which €100 million was drawn as of 31 December 2017(5) €225 million of additional bank financing committed(6) Strong Balance Sheet Total Borrowings = 6.00% Senior Secured Notes due 2020 including premium on additional issue and are shown after deducting underwriting discounts and commissions, offering fees and expenses + Mortgages + Financial Leases + Revolving facilities borrowings + Other Borrowings – Revolving facility deferred financing costs. Gross Leverage Ratio =  (6.00% Senior Secured Notes due 2020 at face value + Mortgages + Financial Leases + Revolving facilities borrowings + Other Borrowings)  /  LTM Adjusted EBITDA. Net Leverage Ratio = (6.00% Senior Secured Notes due 2020 at face value + Mortgages + Financial Leases + Revolving facilities balance + Other Borrowings – Cash & Cash Equivalents)  /  LTM Adjusted EBITDA. Fiscal year Adjusted EBITDA pro forma for Interxion Science Park. 160 million drawn as of 7 March 2018 As of 7 March 2018. € millions (except per share amounts) 31-Dec-17 31-Dec-16 Cash & Cash Equivalents 38.5 115.9 Total Borrowings(1) 832.6 735.0 Shareholders Equity 596.7 548.8 Total Capitalisation 1,429.3 1,283.8 Total Borrowings / Total Capitalisation 58.3% 57.3% Gross Leverage Ratio(2) 3.8x 3.8x Net Leverage Ratio(3) 3.6x 3.2x Flexible Liquidity to Meet Growing Demand


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34 fully built-out data centres(1)(2) Space fully equipped Some power upgrades yet to come As of 1 January 2016 84,200 sqm of equipped space 82% utilisation 7% LTM constant currency recurring revenue growth 24% annual cash return Disciplined Investments Drive Strong Returns Fully built-out data centre: a data centre for which materially all equippable space is equipped as of 1 January 2016. However, note, future power upgrades can further increase the capacity of a fully built out data centre. 34 fully built-out data centres as of 1 January 2016: AMS1, AMS3, AMS4, AMS5, AMS6, AMS7, BRU1, CPH1, DUB1, DUB 2, DUS1, FRA1, FRA2, FRA3, FRA4, FRA5, FRA6, FRA7, FRA8, FRA9, LON1, LON2, MAD1, MAD2, PAR1, PAR2, PAR3, PAR4, PAR5, PAR6, STO1, STO3, STO4 and VIE1. Represents total cumulative investments in Data Centre Assets, including freehold land and buildings, infrastructure and equipment, and Intangible assets including goodwill, as of 31 December 2017. Q4 2017 LTM Returns (€ millions) Attractive Cash Returns from Fully Built-Out Data Centres(1)


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Business Commentary Outlook & Concluding Remarks David Ruberg – Chief Executive Officer


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Adoption Time Connectivity Platforms Cloud Migration & Digital Transformation Global Cloud and Content Delivery Data Traffic Growth HYBRID CLOUD DATA EXPLOSION Enterprises Substantial Opportunity Ahead


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Guidance for 2018 Revenue €553m – €569m Adjusted EBITDA(1) €250m – €260m Capital Expenditures €335m – €365m (1) Adjusted EBITDA is a non-IFRS figure intended to adjust for certain items. The definition of Adjusted EBITDA can be found on the “Definitions” section in this slide deck. Interxion does not provide an outlook for an IFRS profitability metric. Consequently, it is unable to reconcile the outlook for Adjusted EBITDA.


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Questions & Answers


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Appendix


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A leading carrier & cloud neutral data centre operator across Europe Interxion Overview 49 Data Centres in Operation 13 Cities 11 Countries 700 Connectivity Providers 20+ Internet Exchanges 500+ Platform Providers 1,800+ Customers 700+ Employees Note: Figures as of 31 December 2017. Excludes Interxion Science Park except Data Centres in Operation.


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Track Record Of Execution Note: Includes Interxion Science Park as of 24 Feb. 2017. CAGR calculated as 4Q17 vs. 1Q10. Big 4 % defined as percentage of total revenue from France, Germany, Netherlands, and UK reporting segment. Adjusted EBITDA margin calculated as Adjusted EBITDA divided by Revenue. CAGR(1) = 14% CAGR(1) = 17% Adjusted EBITDA Margin(3) 36% 39% 38% 38% 38% 39% 40% 42% 42% 41% 41% 43% 43% 43% 43% 43% 43% 43% 43% 43% 44% 44% 45% 45% 45% 46% 46% 45% 45% 45% 45% 46% Y/Y Growth 18% 19% 25% 23% 21% 19% 13% 16% 14% 13% 14% 13% 13% 13% 11% 7% 8% 9% 11% 15% 15% 14% 13% 12% 10% 9% 7% 10% 16% 18% 18% Big 4 %(2) 60% 60% 60% 58% 60% 60% 59% 62% 61% 62% 62% 62% 63% 63% 62% 63% 63% 62% 63% 63% 63% 63% 65% 64% 64% 64% 65% 64% 65% 65% 66% 45 Consecutive Quarters of Revenue and Adjusted EBITDA Growth 120.8 54.3


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Illustrative ARPU Development ARPU increases over time as IT workloads increase: Customers initially contract for space, connectivity and modest power reservation(1) As workloads increase, larger power reservation fees and cross-connects are required and energy consumption increases Revenue grows from space, cross-connects, power reservation and energy consumption over time As data centres fill with customers: Revenue mix initially tilted toward space As space becomes more fully utilised, revenue growth from power reservation and energy consumption can continue Power reservation is the fee for infrastructure power (cooling, power distribution, etc.). Customer ARPU Development Data Centre Recurring Revenue Development Power Reservation & Energy Consumption Cross-Connects Revenue Develops Over Time as Power Reservation and Energy Consumption Increase Space Installed


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Historical Financial Results Note: Figures rounded to nearest net € 0.1 Million. Totals may not add due to rounding. Includes €6.9 million, €3.9 million, €0.5 million, €0.6 million, €0.2 million, €0.5 million, €0.9 million, €0.8 million, €0.8 million, €0.6 million, €1.6 million and €1.6 million of M&A transaction cost in 1Q15, 2Q15, 4Q15, 4Q15, 1Q16, 2Q16, 4Q16, 4Q16, 1Q17, 2Q17, 3Q17 and 4Q17, respectively; also includes € 20.9 million M&A transaction break fee income in 2Q15. Includes gain on sale of financial asset. € in millions (except as noted) 2015 2016 2017 2015 2016 2017 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY FY FY Recurring revenue 87.1 90.3 92.8 95.1 97.2 99.3 100.0 103.4 108.3 113.4 117.4 123.4 365.2 400.0 462.5 Non-recurring revenue 5.4 5.2 5.2 5.6 4.8 4.7 5.3 7.1 5.7 7.4 7.3 6.5 21.4 21.8 26.8 Total revenue 92.5 95.4 98.0 100.7 102.0 104.0 105.3 110.5 113.9 120.8 124.6 129.9 386.6 421.8 489.3 Gross profit 56.2 57.8 59.5 61.4 62.9 64.4 64.5 67.5 69.9 72.9 75.0 81.0 234.9 259.2 298.8 Gross profit margin 60.8% 60.5% 60.7% 61.1% 61.6% 61.9% 61.3% 61.1% 61.3% 60.3% 60.2% 62.4% 60.8% 61.5% 61.1% Adj EBITDA 40.6 42.0 43.7 44.9 45.9 47.3 48.3 49.3 51.3 54.3 56.2 59.1 171.3 190.9 221.0 Adj EBITDA margin 43.9% 44.0% 44.6% 44.6% 45.0% 45.5% 45.9% 44.6% 45.1% 45.0% 45.1% 45.5% 44.3% 45.3% 45.2% Net profit / (loss) 4.4(1) 21.6(1) 10.4(1)(2) 12.1(1) 10.2(1) 9.2(1) 10.5(1)(2) 10.0(1) 10.8(1) 10.3(1) 10.1(1) 11.0(1) 48.6(1)(2) 39.9(1)(2) 42.2(1) CapEx paid 67.6 47.8 35.3 42.0 50.0 62.6 64.5 73.8 54.8 56.4 75.2 69.7 192.6 250.9 256.0 Expansion / upgrade 64.2 44.3 30.4 36.9 45.3 56.3 58.8 68.2 49.0 46.0 69.7 60.2 175.7 228.8 224.8 Maintenance & other 1.1 2.6 3.0 3.6 2.1 4.4 2.2 4.5 4.0 7.4 4.0 7.0 10.4 13.2 22.4 Intangibles 2.3 0.9 1.9 1.5 2.6 1.9 3.5 1.0 1.8 3.0 1.4 2.5 6.5 8.9 8.8 Cash generated from operations 34.2(1) 54.1(1) 43.0(1) 38.1(1) 50.4(1) 39.3(1) 43.5(1) 50.2(1) 63.0(1) 40.6(1) 55.2(1) 50.5(1) 169.4(1) 183.4(1) 209.0(1) Gross PP&E 1,308.8 1,350.2 1,375.6 1,418.7 1,457.2 1,541.2 1,579.7 1,651.1 1.728.5 1,778.3 1,844.6 1,935.1 1,418.7 1,651.1 1,935.1 Gross intangible assets 30.5 33.6 35.1 34.6 36.5 38.1 43.2 42.3 113.3 114.8 114.9 117.0 34.6 42.3 117.0 Gross Goodwill ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ 40.2 39.4 38.9 38.9 ‒ ‒ 38.9 LTM Cash ROGIC 12% 12% 12% 12% 12% 11% 12% 11% 11% 11% 11% 11% 12% 11% 11%


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Historical Reporting Segment Financial Results Note: Figures rounded to nearest net € 0.1 Million. Totals may not add due to rounding. € in millions (except as noted) 2015 2016 2017 2015 2016 2017 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY FY FY Big 4 Recurring revenue 55.0 57.3 59.5 60.9 62.3 63.8 63.8 66.2 70.0 74.2 76.6 81.6 232.6 256.0 302.3 Non-recurring revenue 3.6 3.0 3.8 3.9 3.3 2.6 3.1 4.8 3.4 4.7 4.3 3.9 14.3 13.8 16.3 Total revenue 58.6 60.3 63.2 64.8 65.5 66.4 66.9 71.0 73.4 78.9 80.8 85.6 246.9 269.8 318.6 Gross profit margin 62.0% 62.6% 62.3% 62.0% 62.4% 63.4% 62.6% 62.0% 61.9% 62.0% 61.0% 64.4% 62.2% 62.6% 62.4% Adj EBITDA 31.4 33.2 34.9 34.8 36.2 37.0 36.8 38.2 40.2 43.1 43.4 48.1 134.3 148.2 174.8 Adj EBITDA margin 53.5% 55.1% 55.2% 53.7% 55.2% 55.8% 55.0% 53.9% 54.7% 54.7% 53.7% 56.2% 54.4% 54.9% 54.9% Rest of Europe Recurring revenue 32.1 33.0 33.3 34.2 35.0 35.6 36.2 37.3 38.3 39.2 40.8 41.8 132.6 144.0 160.2 Non-recurring revenue 1.8 2.2 1.5 1.7 1.5 2.1 2.2 2.2 2.3 2.7 3.0 2.5 7.1 8.1 10.5 Total revenue 33.9 35.1 34.8 35.9 36.5 37.6 38.4 39.5 40.6 42.0 43.8 44.3 139.6 152.0 170.7 Gross profit margin 64.6% 63.6% 64.3% 65.9% 66.9% 65.8% 65.2% 64.3% 66.8% 65.2% 65.8% 66.7% 64.6% 65.9% 66.1% Adj EBITDA 19.0 19.3 19.8 20.8 21.5 21.6 22.4 22.7 23.7 24.0 25.9 26.1 78.9 88.2 99.7 Adj EBITDA margin 56.0% 55.1% 56.9% 57.9% 59.0% 57.3% 58.3% 57.5% 58.3% 57.3% 59.1% 58.8% 56.5% 58.0% 58.4% Corporate & Other Adj EBITDA (9.7) (10.6) (11.0) (10.7) (11.8) (11.2) (10.8) (11.7) (12.5) (12.8) (13.1) (15.1) (41.9) (45.5) (53.5)


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Historical Operating Metrics(1) Excludes acquisition of Interxion Science Park except for “Data centres in operation”. All figures at the end of the period, except as noted. Maximum equippable customer power includes the announced maximum equippable customer power from current and announced data centres as of the date of each quarter’s respective report. Utilisation as of the end of the reporting period. Space figures in square metres(2) Recurring ARPU in € Customer Power in MW(2) 2015 2016 2017 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Equipped space 94,800 98,300 100,200 101,200 101,600 104,200 107,800 110,800 114,100 117,000 118,900 122,500 Equipped space added 1,300 3,500 1,900 1,000 400 2,600 3,600 3,000 3,300 2,900 1,900 3,600 Revenue generating space 74,000 77,100 78,000 79,100 80,400 81,600 84,100 87,200 89,800 95,000 97,100 99,800 RGS added 3,000 3,100 900 1,100 1,300 1,200 2,500 3,100 2,600 5,200 2,100 2,700 Recurring ARPU 400 398 399 403 406 409 402 403 405 403 401 411 Utilisation (%)(3) 78% 78% 78% 78% 79% 78% 78% 79% 79% 81% 82% 81% Equipped customer power 109 114 116 118 120 123 129 131 136 142 146 160 Maximum equippable customer power 153 154 177 179 178 178 187 187 195 203 223 225 Data centres in operation 39 40 40 41 41 42 42 44 45 45 48 49


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Scheduled Equipped Space Additions(1) Excludes acquisition of Interxion Science Park. Figures rounded to nearest net 100 sqm for each country unless otherwise noted. Totals may not add due to rounding. Future expansion additions based on announced schedule, which is subject to change; additions scheduled for the first half of the year are noted in the second quarter and additions scheduled for the second half of the year are noted in the fourth quarter. AMS2 exited in 1Q16. Space figures in square metres(2) 2016 2017 2018E(3) 2019E(3) 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1QE 2QE 3QE 4QE 1QE 2QE 3QE 4QE Big 4 France ‒ ‒ 800 500 1,600 1,500 100 ‒ ‒ 1,200 ‒ ‒ 2,000 1,900 ‒ ‒ Germany 1,200 1,800 2,400 ‒ ‒ ‒ 1,100 2,400 ‒ 2,400 ‒ 2,300 2,600 ‒ ‒ ‒ Netherlands(4) (700) ‒ ‒ 1,500 1,300 ‒ ‒ ‒ ‒ ‒ ‒ 2,600 2,600 ‒ ‒ ‒ UK ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ 1,800 ‒ ‒ ‒ ‒ ‒ Subtotal 400 1,800 3,200 2,000 3,000 1,500 1,200 2,400 ‒ 3,600 1,800 4,900 7,200 1,900 ‒ ‒ Rest of Europe Austria ‒ ‒ 300 ‒ ‒ 1,100 ‒ 300 ‒ 700 600 300 ‒ 700 1,000 ‒ Belgium ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ 1,000 ‒ ‒ ‒ ‒ ‒ ‒ ‒ Denmark ‒ 500 ‒ ‒ 300 300 ‒ ‒ ‒ 900 ‒ ‒ 600 ‒ ‒ ‒ Ireland ‒ ‒ ‒ 1,200 ‒ ‒ ‒ ‒ ‒ ‒ 1,200 ‒ ‒ ‒ ‒ ‒ Spain ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ 2,500 ‒ ‒ Sweden ‒ 200 ‒ ‒ 100 ‒ 300 200 ‒ 400 ‒ ‒ 800 ‒ ‒ ‒ Switzerland ‒ ‒ ‒ ‒ ‒ ‒ 400 700 ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ Subtotal ‒ 700 300 1,200 400 1,400 700 1,200 1,000 2,000 1,800 300 1,400 3,200 1,000 ‒ Total additional equipped space 400 2,600 3,600 3,000 3,300 2,900 1,900 3,600 1,000 5,600 3,600 5,200 8,600 5,100 1,000 ‒ 15,400 sqm in 2018E 11,700 sqm in 2017 9,600 sqm in 2016 14,700 sqm in 2019E


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Space Analysis by Country(1) Space figures in square metres Data Centres in Operation / under Construction Maximum Equippable Space in Country(2) (incl DC’s under construction) Equipped Space in Country Equipped Space Under Construction in Country(3) Unequipped Space Available for Development Land Owned / Leased for Future Data Centre Development Big 4 France 9 32,800 23,400 700 8,700 P Germany 15 35,100 27,700 7,300 100 P Netherlands 7 27,900 22,700 0 5,200 P UK 3 8,700 6,900 1,800 0 Subtotal 34 104,500 80,700 9,800 14,000 Rest of Europe Austria 2 11,300 9,300 1,300 700 P Belgium 1 5,100 5,000 0 100 P Denmark 2 5,400 4,900 0 500 P Ireland 3 5,800 4,600 1,200 0 P Spain 2 5,700 5,700 0 0 P Sweden 5 7,300 5,400 0 1,900 Switzerland 1 7,100 6,900 0 200 Subtotal 16 47,600 41,800 2,500 3,300 Total 50 152,100 122,500 12,300 17,300 Note: Figures rounded to nearest net 100 sqm for each country unless otherwise noted. Totals may not add due to rounding. As of 31 December 2017. Expansions announced after the end of the quarter are excluded. All figures listed exclude Interxion Science Park. Maximum Equippable Space (incl DC’s under construction) = Equipped Space + Under Construction Space + Unequipped Space. Future expansion additions based on announced schedule, which is subject to change; excludes expansions announced after the end of the period.


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Pan-European Data Centre Portfolio(1) Location Owned / Leased Build Out Status(2) Maximum Equippable Space (sqm)(3)(4) Location Owned / Leased Build Out Status(2) Maximum Equippable Space (sqm)(3))4) Big 4 France Netherlands MRS1 Owned Expanding 6,400 AMS1 Leased Fully 600 MRS2 Leased Expanding 4,400 AMS3 Owned Fully 3,000 PAR1 Leased Fully 1,400 AMS4 Leased Fully NM (6) PAR2 Leased Fully 2,900 AMS5 Leased Fully 4,300 PAR3 Owned Fully 1,900 AMS6 Owned Fully 4,400 PAR4 Leased Fully 1,300 AMS7 Finance Lease(5) Fully 7,600 PAR5 Owned Fully 4,000 AMS8 Finance Lease Expanding 7,900 PAR6 Leased Fully 1,300 UK PAR7 Finance Lease (5) Expanding 9,300 LON1 Leased Fully 5,400 LON2 Leased Fully 1,500 LON3 Leased Under Construction 1,800 Germany DUS1 Leased Fully 3,300 FRA6 Leased Fully 2,200 DUS2 Leased Expanding 1,200 FRA7 Leased Fully 1,500 FRA1 Leased Fully 500 FRA8 Owned Fully 3,700 FRA2 Leased Fully 1,100 FRA9 Leased Fully 800 FRA3 Leased Fully 2,200 FRA10 Owned Expanding 4,800 FRA4 Leased Fully 1,400 FRA11 Owned Expanding 4,800 FRA5 Leased Fully 1,700 FRA12 Leased Expanding 1,100 FRA13 Owned Under Construction 4,900 ROE Austria   Spain       VIE1 Owned Fully 4,700 MAD1 Leased Fully 4,000 VIE2 Owned Expanding 6,500 MAD2 Leased Fully 1,700 Belgium     Sweden     BRU1 Owned Fully 5,100 STO1 Leased Fully 1,900 Denmark     STO2 Leased Expanding 1,200 CPH1 Leased Fully 3,700 STO3 Leased Fully 900 CPH2 Owned Expanding 1,600 STO4 Leased Fully 1,100 STO5 Leased Expanding 2,200 Ireland     Switzerland     DUB1 Leased Fully 1,100 ZUR1 Leased Expanding 7,100 DUB2 Leased Fully 2,300 DUB3 Owned Expanding 2,300 Total 152,100 Note: Totals may not add due to rounding. (1) Excludes Interxion Science Park. (2) Built Out Status as of 1 January 2016, consistent with slide 14. (3) As of 31 December 2017. (4) Not included in Maximum Equippable Space, Interxion owns or leases land for data centre development in Copenhagen, Dublin, Frankfurt, Madrid, Marseille and Paris. (5) Purchase options have been exercised, though not yet closed. (6) Maximum equippable space for AMS4 is included in the maximum equippable space of AMS1. Totals: # sqm %         Owned 14 58,300 38% Finance Lease 3 24,800 16% Operating Lease 33 69,000 45% Total 50 152,100 100%


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Non-IFRS Reconciliation Note: Figures rounded to nearest net € 0.1 million. Totals may not add due to rounding. (1) Includes € 31.0 million in one time charges related to debt refinancing. € in millions (except as noted) 2010 2011 2012 2013 2014 2015 2016 2017 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Net income (4.7) 4.0 5.9 9.5 2.8 5.2 6.9 10.6 8.7 8.7 8.6 5.6 7.0 6.6 (16.5)(1) 9.8 10.4 8.3 9.0 7.4 4.4 21.6 10.4 12.1 10.2 9.2 10.5 10.0 10.8 10.3 10.1 11.0 Income tax expense / (benefit) 1.2 2.9 1.6 (3.2) 2.3 2.3 3.2 1.9 3.9 4.1 4.3 3.5 3.4 3.1 (4.1) 3.7 4.2 3.9 3.9 3.5 2.4 8.2 4.7 2.6 4.7 4.2 4.5 3.0 3.3 3.7 4.1 3.7 Profit / (loss) before taxation (3.5) 6.9 7.5 6.3 5.1 7.5 10.1 12.6 12.6 12.9 12.8 9.1 10.3 9.7 (20.6) 13.4 14.6 12.2 12.8 10.8 6.8 29.8 15.2 14.7 14.9 13.4 15.0 13.1 14.1 14.1 14.2 14.7 Net finance expense 13.5 4.8 5.1 6.1 6.6 6.0 5.3 5.0 4.4 3.9 3.8 5.7 6.5 7.3 38.1(1) 5.6 5.4 7.5 7.0 8.0 6.6 7.9 6.4 8.1 8.0 10.2 8.6 9.5 10.3 10.9 10.8 12.3 Operating profit 10.0 11.7 12.6 12.4 11.7 13.5 15.3 17.5 17.1 16.7 16.6 14.8 16.8 17.1 17.5 19.0 20.0 19.7 19.8 18.8 13.4 37.7 21.6 22.8 22.9 23.5 23.6 22.6 24.4 25.0 25.0 27.0 Depreciation, amortisation and impairments 7.2 7.5 7.8 8.6 8.5 9.6 9.1 8.4 9.7 10.2 11.0 13.1 14.0 14.9 15.2 13.5 14.0 14.9 16.0 17.3 18.2 19.6 20.3 20.2 21.5 22.0 22.1 24.2 24.2 27.2 27.8 29.1 Share-based payments 0.3 0.4 0.4 0.6 0.3 0.3 0.7 1.3 0.7 0.9 1.2 2.6 1.0 0.8 1.1 1.3 0.6 2.1 1.5 2.3 2.2 1.8 1.7 1.5 1.4 1.3 1.8 1.8 2.0 1.6 1.8 1.5 Increase/(decrease) in provision for onerous lease contracts 0.1 0.1 0.1 (0.1) 0.0 ‒ ‒ ‒ ‒ ‒ ‒ 0.8 ‒ ‒ ‒ ‒ ‒ (0.8) ‒ ‒ (0.1) ‒ (0.1) ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ IPO transaction costs ‒ ‒ ‒ ‒ 1.7 ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ M&A transaction break fee income ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ (20.9) ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ M&A transaction costs ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ 0.3 6.9 3.9 0.5 0.6 0.2 0.5 0.9 0.8 0.8 0.6 1.6 1.6 Income from sub-leases on unused data centre sites (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.0) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) ‒ ‒ ‒ ‒ ‒ ‒ (0.1) Increase/(decrease) in provision for site restoration ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ (0.2) ‒ ‒ ‒ ‒ Adjusted EBITDA 17.4 19.6 20.8 21.4 22.2 23.3 25.0 27.1 27.3 27.8 28.7 31.2 31.7 32.7 33.7 33.8 34.5 35.9 37.3 38.7 40.6 42.0 43.7 44.9 45.9 47.3 48.3 49.3 51.3 54.3 56.2 59.1


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Reconciliation to Segment Adjusted EBITDA Note: Figures rounded to nearest net € 0.1 million. Totals may not add due to rounding. € in millions 2015 2016 2017 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q BIG 4 Operating profit 19.5 20.3 21.7 21.7 21.7 22.4 21.9 21.6 24.0 24.8 24.2 28.2 Depreciation, amortisation and impairments 11.7 12.5 13.1 13.0 14.3 14.5 14.8 16.5 15.9 18.1 18.8 19.9 Share-based payments 0.3 0.5 0.4 0.2 0.3 0.1 0.1 0.3 0.3 0.2 0.4 0.1 Increase/(decrease) in provision for onerous lease contracts (0.1) ‒ (0.1) ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ Income from sub-leases on unused data centre sites (0.1) (0.1) (0.1) (0.1) (0.1) ‒ ‒ ‒ ‒ ‒ ‒ (0.1) Increase/(decrease) in provision for site restoration ‒ ‒ ‒ ‒ ‒ ‒ ‒ (0.2) ‒ ‒ ‒ ‒ Adjusted EBITDA 31.4 33.2 34.9 34.8 36.2 37.0 36.8 38.2 40.2 43.1 43.4 48.1   ROE Operating profit 13.3 13.2 13.5 14.4 15.3 15.1 16.0 16.1 16.7 16.4 18.3 18.5 Depreciation, amortisation and impairments 5.4 5.9 6.1 6.2 6.1 6.4 6.3 6.6 7.0 7.4 7.5 7.5 Share-based payments 0.2 0.2 0.2 0.2 0.1 0.1 0.1 0.1 (0.0) 0.2 0.1 0.1 Adjusted EBITDA 19.0 19.3 19.8 20.8 21.5 21.6 22.4 22.7 23.7 24.0 25.9 26.1   CORPORATE & OTHER Operating profit/(loss) (19.4) 4.2 (13.6) (13.3) (14.1) (13.9) (14.3) (15.1) (16.3) (16.2) (17.5) (19.6) Depreciation, amortisation and impairments 1.1 1.1 1.1 1.0 1.0 1.1 1.0 1.2 1.3 1.7 1.5 1.6 Share-based payments 1.7 1.1 1.1 1.1 1.0 1.1 1.6 1.4 1.7 1.1 1.2 1.3 M&A transaction costs 6.9 3.9 0.5 0.6 0.2 0.5 0.9 0.8 0.8 0.6 1.6 1.6 M&A transaction break fee income ‒ (20.9) ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ Adjusted EBITDA (9.7) (10.6) (11.0) (10.7) (11.8) (11.2) (10.8) (11.7) (12.5) (12.8) (13.1) (15.1)


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Adjusted EBITDA: We define Adjusted EBITDA as Operating Income adjusted for depreciation, amortization and impairments, share-based payments, income or expense related to the evaluation and execution of potential mergers or acquisitions and adjustments related to terminated and unused data centre sites. In certain circumstances, we may also adjust for gains or losses that management believes are not representative of our current ongoing performance. Examples include: adjustments for the cumulative effect of a change in accounting principle or estimate, impairment losses, litigation gains and losses or windfall gains and losses (e.g., Dutch crisis wage tax, IPO transaction costs) Adjusted diluted earnings per share: Adjusted diluted earnings per share amounts are determined on adjusted net profit Adjusted net profit: We define adjusted net profit as net profit adjusted to exclude income or expense related to the evaluation and execution of potential mergers or acquisitions, adjustments to provisions which are not reflective of our ongoing performance, and adjustments related to capitalised interest. In certain circumstances, we may also adjust for gains or losses that management believes are not representative of our current ongoing performance. Examples of this would include: adjusting for the cumulative effect of a change in accounting principle or estimate, impairment losses, litigation gains and losses or windfall gains and losses (e.g., Dutch crisis wage tax, IPO transaction costs) Big 4: France, Germany, the Netherlands and the UK CAGR: Compound Annual Growth Rate Capital expenditures including intangible assets: Represent payments to acquire property, plant & equipment and intangible assets as recorded on our consolidated statement of cash flows as "Purchase of property, plant and equipment" and "Purchase of intangible assets”, respectively. Investments in intangibles assets include power grid rights and software development Cash generated from operations: net cash flows from operating activities, excluding interest and corporate income tax payments and receipts. Cash ROGIC: Cash Return on Gross Invested Capital (Cash ROGIC) defined as (Adjusted EBITDA less maintenance and other capex) divided by {Average of opening and closing (gross PP&E plus gross intangible assets plus gross goodwill)} Constant Currency: Measurements of the given metric that eliminate the effects of foreign currency rate fluctuations. To calculate this information, current and comparative prior period results for entities reporting in currencies other than Euro are converted into Euro using the average exchange rates from the comparative period rather than the actual exchange rates in effect during the respective periods.  Corporate and Other: Unallocated items comprised of mainly general and administrative expenses, assets and liabilities associated with our headquarters operations, provisions for onerous contracts (relating to the discounted amount of future losses expected to be incurred in respect of unused data centre sites over the term of the relevant leases) and revenue and expenses related to those onerous contracts, loans and borrowings and related expenses and income tax assets and liabilities Definitions CDNs: Content Distribution Networks Churn: Contracted Monthly Recurring Revenue which came to an end during the month as a percentage of the total contracted Monthly Recurring Revenue at the beginning of the month. Churn is calculated as a monthly average over the last 12 months. Customer Available Power: The current installed electrical customer capacity Equipped Space: The amount of data centre space that, on the relevant date, is equipped and either sold or could be sold, without making any significant additional investments to common infrastructure IAAS: Infrastructure as a Service LTM or Last Twelve Months: Twelve month period ended 31 December 2017, unless otherwise noted MW: Megawatts Organic Constant Currency: Measurements of the given metric that eliminate the effects of foreign currency rate fluctuations and the impact of acquisitions PAAS: Platform as a Service Recurring cross connect revenue: Revenue incurred from cross connects under a monthly recurring contract SAAS: Software as a Service SQM: Square metres Recurring ARPU: Monthly recurring revenue per square metre calculated as {reported recurring revenue in the quarter divided by 3} divided by {sum of prior and current quarter end reported revenue generating space divided by 2} Recurring Revenue: Revenue incurred from colocation and associated power charges, office space, amortised set-up fees, cross-connects and certain recurring managed services (but excluding any ad hoc managed services) provided by us directly or through third parties, excluding rents received for the sublease of unused sites Rest of Europe / ROE: Austria, Belgium, Denmark, Ireland, Spain, Sweden, and Switzerland Revenue Generating Space: the amount of Equipped Space that is under contract and billed on the relevant date Utilisation Rate: on the relevant date, Revenue Generating Space as a percentage of Equipped Space. Some Equipped Space is not fully utilised due to customers' specific requirements regarding the layout of their equipment. In practice, therefore, Utilisation Rate does not reach 100% YTM: Yield to maturity


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Interxion Leadership David Ruberg, Chief Executive Officer Richard Rowson, Interim Chief Financial Officer Giuliano Di Vitantonio, Chief Marketing & Strategy Officer Jan-Pieter Anten, SVP, Human Resources Jaap Camman, SVP, Legal Adriaan Oosthoek, SVP, IT & Operations Support Sell-Side Analyst Coverage Bank of America Merrill Lynch, Michael Funk Barclays Capital, Amir Rozwadowski Citi, Mike Rollins Cowen, Colby Synesael Guggenheim, Rob Gutman Oppenheimer, Tim Horan Raymond James, Frank Louthan RBC Capital Markets, Jon Atkin Sun Trust Robinson Humphrey, Greg Miller Wells Fargo, Jennifer Fritzsche William Blair, Jim Breen Investor Relations Jim Huseby, VP, Investor Relations T: +1 813 644 9399 E: ir@interxion.com


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