|
Column 1 |
Column 2 |
Column 3 |
Column 4 |
| 1 |
|
B2 |
M2 |
S2 |
| 2 |
Commenced operations |
Sep-17 |
Nov-17 |
1Q19 |
| 3 |
MW built1 (MW) |
2.0 |
2.0 |
- |
| 4 |
Contracted utilisation (MW)
% of total power planned
% of MW built
|
|
|
|
| 5 |
0.2
2%
11%
|
|
|
|
| 6 |
0.3
1%
16%
|
|
|
|
| 7 |
5.4
18%
-
|
|
|
|
As we know, Billing Utilisation is MW actually bringing in $Revenue. Contracted Utilisation is a bit of a leading indicator to this.
It's interesting given how far out S2 is in comparison to M2, yet M2 has no/little Contracted Utilisation.
S1 Observations:
It's also interesting to me the level of Project Revenue over the last 12months is >$8M.
It's interesting to me how Contracted & Billing Utilisation have both jumped a large amount and are suddenly in lock step. Contracted Utilisation is suddenly 94%/Billing 92%.
My theory,
The results are largely affected by the results of a major project rolling through.
That the major project is Microsoft on the back of Azure/Office 365 Success.
Microsoft makes up a big portion of the forward Contracted Utilisation for S2.
(20min delay)