On 30th October 2019, NEXTDC had its 9th Annual General Meeting.
 
The Australian DC market remains competitive and given the demand most of the DC providers are expected to grow fast.
 
NEXTDC is counting on high growth rate of demand for hyperscale data centres and is clear about its trajectory

On 30^th October 2019, NEXTDC had its 9^th Annual General Meeting Key highlights from the announcement include.

• FY19 revenue stands at A$179.3m, which is up by 15% over FY18 and is driven by new builds, new customers and increased utilisation of services. We note that this growth rate is close to the 13% CAGR forecasted in our recent report for NEXTDC for 2018-2026 period.¹ EBITDA also increased by 13% to A$85.1m.

• Contracted utilisation is up by 12.3MW (31%) and reached 52.5MW.

• Interconnections are up by 2,301 (27%) and reached 10,972, representing 7.7% of the recurring revenue.

• Number of customers is up by 22% and reached 1,184.

Contents

Our take

NEXTDC FY19 – Key Highlights

Capacity

Customers and Interconnections

Energy Efficiency and Sustainability

Key Datacentre Industry Drivers

NEXTDC FY20 Outlook

Our take

List of charts/tables

Figure 1. FY19 NEXTDC key financials

Figure 2. Overview capacity and utilisation 2H19 as of June 2019

Figure 3. Growth in the number of customers and interconnections

Figure 4. Customer percentages from different industries

Figure 5. Customer IT migrates towards cloud