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clock Created with Sketch. 30/08/19
20:41
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Originally posted by zsan
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Hi Mark,1.9MW in 2H1 9 . 2H19 was below our expectationsbut FY19 was still a record contracting year for NXT. Importantly MW’s contracted willprogressively convert to MW billing which underpins strong revenue growth for the nexttwo years. NXT has built 58.4MW of capacity and contracted 52.5MW or 90% of this.Capacity planned from Generation 1-3 Data Centres totals 306MW. Assuming 95%utilization is the fill target then NXT still needs to contract around 240MW. Assuming MW’scontracted in FY19 hold steady in to perpetuity, which clearly won’t happen, then it willtake 19 years to fill the facilities . We estimate that 93% of MW’s contracted in FY19 werein Sydney. This market is strong but the other regions need to start lifting to accelerateNXT’s fill rate. NXT noted increased Cloud interest in Melbourne and we think that Perthis a contender to positively surprise given two submarine cables went live there last year. "
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Good post and good highlights.
(20min delay)