Cogent Communications Holdings, Inc. (NASDAQ:CCOI) Q2 2021 Earnings Conference Call August 5, 2021 8:30 AM ET Company Participants David Schaeffer - Chairman and CEO Sean Wallace - CFO Conference Call Participants George Engroff - Credit Suisse Philip Cusick - JPMorgan Frank Louthan - Raymond James Colby Synesael - Cowen Walter Piecyk - LightShed Nick Del Deo - MoffettNathanson Operator Good morning, and welcome to the Cogent Communications Holdings Second Quarter 2021 Earnings Conference Call. As a reminde ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 000-51829 COGENT COMMUNICATIONS HOLDINGS, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 46-5706863 (State of Incorporation) (I.R.S. Employer ...

Financial Data and Key Metrics Changes - Revenues grew sequentially by 2% to $146.8 million, an increase of 4.2% year-over-year [7] - Non-GAAP gross profit increased by 2.7% sequentially and 7.6% year-over-year [9] - Non-GAAP gross margin improved by 40 basis points sequentially to 62.5% and by 200 basis points year-over-year [10] - Quarterly EBITDA grew by 10.2% year-over-year, with a margin increase of 200 basis points to 37.8% [10][49] - Cash flow from operations increased sequentially by 25.4% to $47.1 million, representing the largest amount in the company's history [59] Business Line Data and Key Metrics Changes - Corporate business, representing 62.7% of revenues, declined by 5.1% year-over-year and 1.8% sequentially [25] - NetCentric business, accounting for 37.3% of revenues, grew by 24.6% year-over-year and 9.2% sequentially [26] - Corporate customer connections decreased by 1% sequentially and 3.7% year-over-year, totaling 46,719 connections [35] - NetCentric customer connections increased by 4.2% sequentially and 14.2% year-over-year, totaling 44,206 connections [36] Market Data and Key Metrics Changes - Revenue from international markets increased to approximately 25% of total quarterly revenues, up from 24% in the previous quarter [51] - The average price per megabit for the installed base declined by 6.8% sequentially and 28.1% year-over-year, while the price for new customer contracts increased to $0.20 [41] Company Strategy and Development Direction - The company aims for a long-term EBITDA margin expansion of approximately 200 basis points per year and a constant currency revenue growth rate of about 10% [24] - The focus remains on increasing corporate customer connection sizes to larger and symmetric connections, adapting to the work-from-home environment [68] - The company plans to optimize its balance sheet and take advantage of the current interest rate environment, anticipating a reduction in cash interest expense by over $10 million annually [78] Management's Comments on Operating Environment and Future Outlook - Management noted improving business conditions as COVID-19 cases decline and businesses reopen, leading to lower churn rates in the corporate segment [5] - There is cautious optimism regarding the NetCentric business, driven by increased streaming subscriptions and international demand [6][64] - Management expects continued improvement in corporate revenues as companies adapt to hybrid work models [94] Other Important Information - The Board of Directors increased the quarterly dividend to $0.78 per share, marking the 35th consecutive increase [16] - The company repurchased $115.9 million of senior secured notes due in March 2022, optimizing its capital structure [78] Q&A Session Summary Question: Were there any one-time items in the quarter, particularly within the NetCentric business? - Management confirmed there were no extraordinary items in the NetCentric business, with broad customer utilization increasing [85] Question: How should we think about the sustainability of the momentum and growth in the NetCentric business? - Management believes the growth reflects a shift from linear video to streaming video, which is expected to continue benefiting the NetCentric business [88] Question: What improvements are seen in the corporate sales funnel? - Management noted a decline in churn rates and increased activity levels in the sales force, indicating a positive trend in corporate sales [93] Question: Can the corporate business maintain flat revenue in the June quarter? - Management anticipates continued improvement, with a potential for reduced revenue decline, but visibility on achieving flat revenue is still uncertain [96] Question: Can you provide the corporate customer connection total this quarter and last? - Corporate connections totaled 46,719 this quarter, down from 47,175 last quarter, reflecting a 1% decline [111]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 000-51829 COGENT COMMUNICATIONS HOLDINGS, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 46-5706863 (State of Incorporation) (I.R.S. Employe ...

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) Q4 2020 Results Earnings Conference Call February 25, 2021 8:30 AM ET Company Participants Dave Schaeffer - Chairman and CEO Sean Wallace - Chief Financial Officer Conference Call Participants Walter Piecyk - LightShed Frank Louthan - Raymond James James Breen - William Blair Mike Funk - Bank of America Michael Srour - MoffettNathanson Evan Young - KeyBanc Capital Markets Michael Bunyaner - Tlf Capital Amir Razban - JPMorgan Operator Good morning. And welco ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from to Commission file number 000-51829 COGENT COMMUNICATIONS HOLDINGS, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware (State ...

Start Time: 08:00 January 1, 0000 9:24 AM ET Cogent Communications Holdings, Inc. (NASDAQ:CCOI) Q3 2020 Earnings Conference Call November 05, 2020, 08:30 AM ET Company Participants Dave Schaeffer - Founder and CEO Sean Wallace - CFO Conference Call Participants Philip Cusick - JPMorgan Frank Louthan - Raymond James Colby Synesael - Cowen & Company Walter Piecyk - LightShed Partners Michael Rollins - Citi Nick Del Deo - MoffettNathanson Timothy Horan - Oppenheimer Operator Good morning, and welcome to the C ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 000-51829 COGENT COMMUNICATIONS HOLDINGS, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 46-5706863 (State of Incorporation) (I.R.S. Emp ...

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) Q2 2020 Earnings Conference Call August 6, 2020 8:00 AM ET Company Participants David Schaeffer - Chairman, CEO & President Sean Wallace - CFO & Treasurer Conference Call Participants George Engroff - Credit Suisse Colby Synesael - Cowen & Company Michael Rollins - Citigroup Frank Louthan - Raymond James Nicholas Del Deo - MoffettNathanson Walter Piecyk - LightShed Partners Brandon Nispel - KeyBanc Capital Markets Bora Lee - RBC Capital Markets Philip Cusic ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 000-51829 COGENT COMMUNICATIONS HOLDINGS, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 46-5706863 (State of Incorporation) (I.R.S. Employer ...