Chindata Group(CD) - 2023 Q2 - Earnings Call Presentation

Q2 2023 Highlights - The company's total capacity reached 945 MW, with a 47 MW increase in Q2 2023[10] - In-service capacity increased by 91 MW in Q2 2023, reaching 730 MW[10] - Contracted & IOI capacity reached 850 MW, with a 34 MW increase in Q2 2023[10] - Utilized capacity reached 585 MW, with a 48 MW increase in Q2 2023[10] - The contracted & IOI ratio was 90% by Q2 2023[10] - Revenue in FY23Q2 was RMB 1,553.8 million, a 49.7% year-over-year increase[10] - Adjusted EBITDA in FY23Q2 was RMB 816.1 million, a 49.9% year-over-year increase, with an adjusted EBITDA margin of 52.5%[10] - GAAP net income in FY23Q2 was RMB 219.2 million, a 9.8% year-over-year increase, with a GAAP net margin of 14.1%[10] - The company reiterated its 2023 guidance, with revenue expected to be between RMB 5,880 million and RMB 6,080 million, and adjusted EBITDA expected to be between RMB 3,100 million and RMB 3,220 million[10] Business Updates - A new hyperscale project, CN20, with a designed capacity of 49 MW located in Datong campus in Shanxi Province, is 100% committed by the client[18] - MY06-2, a hyperscale project with a designed capacity of 42 MW located in Johor, Malaysia, was running at 76% utilization ratio by 23Q2 and is 100% committed by the client[18] - MY06-4, a new 12 MW hyperscale project in Johor campus, Malaysia, is scheduled for delivery starting from 24Q1 and is currently 100% committed[19] - CN23, a new 26 MW hyperscale project in one of the campuses in Zhangjiakou city, Hebei Province, is scheduled for delivery starting from 25Q1 and is currently 49% contracted[19] - MY06-3, an existing 43 MW hyperscale project in Johor campus, Malaysia, was further expanded to 53 MW during 23Q2 and is currently 100% committed[19] Financials - Total revenue for H1 2023 reached RMB 2,997.3 million, a 53.0% year-over-year increase[62] - Adjusted EBITDA for H1 2023 reached RMB 1,629.9 million, a 56.9% year-over-year increase[67] - Net income after taxes for H1 2023 reached RMB 472.2 million, a 60.5% year-over-year increase[62] - The company's total debt reached RMB 11,668.2 million[84]