Form 6-K InterXion Holding N.V. For: Aug 03

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

FORM 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Report on Form 6-K dated 3 August 2016

(Commission File No. 001-35053)

 

 

INTERXION HOLDING N.V.

(Translation of Registrant’s Name into English)

 

 

Tupolevlaan 24, 1119 NX Schiphol-Rijk, The Netherlands, +31 20 880 7600

(Address of Principal Executive Office)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  x            Form 40-F  ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ¨

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7) ):  ¨

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

 

 

 

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This report contains Interxion Holding N.V.’s (1) second quarter 2016 earnings press release and (2) presentation materials to be used during a conference call with investors on 3 August 2016.

 

Exhibit
99.1		The press release “Interxion Reports Second Quarter 2016 Results”, dated 3 August 2016.
99.2		Presentation materials to be used during a conference call with investors on 3 August 2016.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: 3 August 2016

Exhibit 99.1

 

Press Release, 3 August 2016

Interxion Reports Second Quarter 2016 Results

Recurring Revenue growth of 10% Y/Y combined with Gross Margin Expansion

AMSTERDAM 3 August 2016 – Interxion Holding NV (NYSE: INXN), a leading European provider of carrier and cloud-neutral colocation data centre services, announced its results today for the three months ended 30 June 2016.

Financial Highlights

 

•

Revenue increased by 9% to €104.0 million (2Q 2015: €95.4 million).

 

•

Recurring revenue1 increased by 10% to €99.3 million (2Q 2015: €90.3 million).

 

•

Net profit was €9.2 million (2Q 2015: €21.6 million, which included net M&A transaction income of €17.0 million).

 

•

Adjusted net profit2 increased by 8% to €9.0 million (2Q 2015: €8.3 million).

 

•

Earnings per diluted share were €0.13 (2Q 2015: €0.31, which included the aforementioned net M&A transaction income).

 

•

Adjusted earnings per diluted share were €0.13 (2Q 2015: €0.12).

 

•

Adjusted EBITDA2 increased by 13% to €47.3 million (2Q 2015: €42.0 million).

 

•

Adjusted EBITDA margin increased to 45.5% (2Q 2015: 44.0%).

 

1

Recurring revenue is revenue that is incurred from colocation and associated power charges, office space, amortised set-up fees, cross-connects and certain recurring managed services (but excluding any ad hoc managed services) provided by us directly or through third parties. Rents received for the sublease of unused sites are excluded.

2

Adjusted net profit and adjusted EBITDA are non-IFRS figures intended to adjust for certain items and are not measures of financial performance under IFRS. Full definitions can be found in the “Non-IFRS Financial Measures” section later in this press release. Reconciliations of net profit to adjusted EBITDA and net profit to adjusted net profit can be found in the financial tables later in this press release.

 

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Press Release, 3 August 2016

 

 

•

Capital expenditures, including intangible assets3, were €62.6 million (2Q 2015: €47.8 million).

 

•

During the second quarter, Interxion issued €150 million aggregate principal amount of 6.00% Senior Secured Notes due 2020 at an issue price of 104.50%.

Operating Highlights

 

•

Equipped space increased by 2,600 square metres in the quarter to 104,200 square metres.

 

•

Revenue generating space increased by 1,200 square metres in the quarter to 81,600 square metres.

 

•

Utilisation rate at the end of the quarter was 78%.

 

•

During the second quarter, Interxion completed expansions in Germany, opening the second phases of FRA10 in Frankfurt and DUS2 in Dusseldorf, as well as opening the first phase of its second data centre in Copenhagen (CPH2).

“Interxion’s financial and operational results continued their consistent upward trajectory in the second quarter, with solid recurring revenue growth and adjusted EBITDA margin growth of 150 basis points from the second quarter 2015.” said David Ruberg, Interxion’s Chief Executive Officer. “Demand in the quarter was strong in multiple geographies and multiple industry segments as we continue to attract magnetic platform providers and build our communities of interest around them.”

 

 

3	Capital expenditures, including intangible assets, represent payments to acquire property, plant, and equipment and intangible assets, as recorded in the consolidated statement of cash flows as “Purchase of property, plant and equipment” and “Purchase of intangible assets”, respectively.

 

2

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Press Release, 3 August 2016

 

Quarterly Review

Revenue in the second quarter of 2016 was €104.0 million, a 9% increase over the second quarter of 2015 and a 2% increase over the first quarter of 2016. Recurring revenue was €99.3 million, a 10% increase over the second quarter of 2015 and a 2% increase over the first quarter of 2016. Recurring revenue in the second quarter was 95% of total revenue.

Cost of sales in the second quarter of 2016 was €39.7 million, a 5% increase over the second quarter of 2015 and a 1% increase over the first quarter of 2016.

Gross profit was €64.4 million in the second quarter of 2016, an 11% increase over the second quarter of 2015 and a 2% increase over the first quarter of 2016. Gross profit margin was 61.9% in the second quarter of 2016 compared to 60.5% in the second quarter of 2015 and 61.6% in the first quarter of 2016.

Sales and marketing costs in the second quarter of 2016 were €7.3 million, a 1% increase over the second quarter of 2015 and a 6% decrease from the first quarter of 2016.

Other general and administrative costs were €9.7 million in the second quarter of 2016, a 14% increase over the second quarter of 2015 and a 5% increase from the first quarter of 2016. Other general and administrative costs exclude depreciation, amortisation, impairments, share-based payments, M&A transaction costs and provision for onerous lease contracts.

Depreciation, amortisation, and impairments in the second quarter of 2016 was €22.0 million, an increase of 12% from the second quarter of 2015 and a 3% increase from the first quarter of 2016.

Operating profit in the second quarter of 2016 was €23.5 million, a decrease of 38% from the second quarter of 2015 and 3% increase from the first quarter of 2016. Quarterly results in the second quarter 2015, first quarter 2016, and second quarter 2016 were impacted by M&A transaction related items. Excluding these items, underlying operating profit increased 16% over the second quarter of 2015.

 

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Press Release, 3 August 2016

 

Net finance costs for the second quarter of 2016 were €10.2 million, a 28% increase over both the second quarter of 2015 and the first quarter of 2016. On 14 April 2016, Interxion issued €150 million principal amount of 6.00% Senior Secured Notes due 2020 at an issue price of 104.50%.

Income tax expense for the second quarter of 2016 was €4.2 million, a 49% decrease compared to the second quarter of 2015 and a 10% decrease from the first quarter of 2016.

Net profit was €9.2 million in the second quarter of 2016, a 58% decrease over the second quarter of 2015 and a 10% decrease from the first quarter of 2016.

Adjusted net profit was €9.0 million in the second quarter of 2016, an 8% increase over the second quarter of 2015, and a 10% decrease from the first quarter of 2016.

Adjusted EBITDA for the second quarter of 2016 was €47.3 million, a 13% increase over the second quarter of 2015 and a 3% increase over the first quarter of 2016. Adjusted EBITDA margin was 45.5% in the second quarter of 2016 compared to 44.0% in the second quarter of 2015 and 45.0% in the first quarter of 2016.

Cash generated from operations, defined as cash generated from operating activities before interest and corporate income tax payments and receipts, was €39.3 million in the second quarter of 2016, compared to €54.1 million in the second quarter of 2015, and €50.4 million in the first quarter of 2016.

Capital expenditures, including intangible assets, were €62.6 million in the second quarter of 2016 compared to €47.8 million in the second quarter of 2015 and €50.0 million in the first quarter of 2016.

Cash and cash equivalents were €193.5 million at 30 June 2016, compared to €58.6 million at year end 2015. Total borrowings, net of deferred revolving facility financing fees, were €739.1 million at 30 June 2016 compared to €555.1 million at year end 2015.

 

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Press Release, 3 August 2016

 

As of 30 June 2016, the Company’s revolving credit facility was undrawn. Cash balances at 30 June 2016 reflect the receipt of net proceeds of approximately €155 million related to the Senior Secured Notes issuance completed on 14 April 2016.

Equipped space at the end of the second quarter of 2016 was 104,200 square metres compared to 98,300 square metres at the end of the second quarter of 2015 and 101,600 square metres at the end of the first quarter of 2016. Utilisation rate, the ratio of revenue-generating space to equipped space, was 78% at the end of the second quarter of 2016, compared with 78% at the end of the second quarter of 2015 and 79% at the end of the first quarter of 2016.

New expansion in Copenhagen (CPH2.2) announced today

Interxion is announcing today that it will expand its CPH2 data centre in Copenhagen by constructing an additional 600 square metres phase (“CPH2.2”) and adding over 1 MW of customer available power. CPH2.2 space capacity is scheduled to open in the first quarter of 2017 and has been completely pre-sold. Capital expenditure associated with the incremental space and power for CPH2 is expected to be approximately €15 million.

Business Outlook

Interxion today reaffirms guidance for its revenue, adjusted EBITDA and Capital expenditures (including intangibles) for full year 2016:

 

Revenue		€416 million – €431 million
Adjusted EBITDA		€185 million – €195 million
Capital expenditures (including intangibles)		€200 million – €220 million

 

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Press Release, 3 August 2016

 

Conference Call to Discuss Results

Interxion will host a conference call today at 8:30 a.m. ET (1:30 pm BST, 2:30 pm CET) to discuss its Second Quarter 2016 results.

To participate on this call, U.S. callers may dial toll free 1-866-966-9439; callers outside the U.S. may dial direct +44 (0) 1452 555 566. The conference ID for this call is INXN. This event also will be webcast live over the Internet in listen-only mode at investors.interxion.com.

A replay of this call will be available shortly after the call concludes and will be available until 16 August 2016. To access the replay, U.S. callers may dial toll free 1-866-247-4222; callers outside the U.S. may dial direct +44 (0) 1452 550 000. The replay access number is 41849012.

Forward-looking Statements

This communication contains forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such forward-looking statements. Factors that could cause actual results and future events to differ materially from Interxion’s expectations include, but are not limited to, the difficulty of reducing operating expenses in the short term, the inability to utilise the capacity of newly planned data centres and data centre expansions, significant competition, the cost and supply of electrical power, data centre industry over-capacity, performance under service level agreements, certain other risks detailed herein and other risks described from time to time in Interxion’s filings with the United States Securities and Exchange Commission (the “SEC”).

Interxion does not assume any obligation to update the forward-looking information contained in this report.

 

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Press Release, 3 August 2016

 

Non-IFRS Financial Measures

Included in these materials are certain non-IFRS financial measures, which are measures of our financial performance that are not calculated and presented in accordance with IFRS, within the meaning of applicable SEC rules. These measures are as follows: (i) EBITDA; (ii) adjusted EBITDA; (iii) recurring revenue, (iv) adjusted net profit; (v) adjusted basic earnings per share and (vi) adjusted diluted earnings per share.

Other companies may present EBITDA, adjusted EBITDA, recurring revenue, adjusted net profit, adjusted basic earnings per share and adjusted diluted earnings per share differently than we do. Each of these measures are not measures of financial performance under IFRS and should not be considered as an alternative to operating profit or as a measure of liquidity or an alternative to Profit for the period attributable to shareholders (“net profit”) as indicators of our operating performance or any other measure of performance implemented in accordance with IFRS.

EBITDA, Adjusted EBITDA and Recurring revenue

We define EBITDA as net profit plus income tax expense, net finance expense, depreciation, amortisation and impairment of assets.

We define adjusted EBITDA as EBITDA adjusted for the following items, which may occur in any period, and which management believes are not representative of our operating performance:

 

•

Share-based payments – the fair value at the date of grant to employees of share options, is recognised as an employee expense over the vesting period. We believe that this expense does not represent our operating performance.

 

•

Income or expense related to the evaluation and execution of potential mergers or acquisitions (“M&A”) – under IFRS, gains and losses associated with M&A activity are recognised in the period incurred. We exclude these effects because we believe they are not reflective of our ongoing operating performance.

 

•

Adjustments related to terminated and unused datacentre sites – these gains and losses relate to historical leases entered into for certain brownfield sites, with the intention of developing datacentres, which were never developed and for which management has no intention of developing into data centres. We believe the impact of gains and losses related to unused data centres are not reflective of our business activities and our ongoing operating performance.

 

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Press Release, 3 August 2016

 

In certain circumstances, we may also adjust for gains or losses that management believes are not representative of our current ongoing performance. Examples of this would include: adjusting for the cumulative effect of a change in accounting principle or estimate, impairment losses, litigation gains and losses or windfall gains and losses.

Recurring revenue comprises revenue that is incurred monthly from colocation, connectivity and associated power charges, office space, amortized set-up fees and certain recurring managed services (but excluding any ad hoc managed services) provided by us directly or through third parties. Rents received for the sublease of unused sites are excluded.

We believe EBITDA and adjusted EBITDA provide useful supplemental information to investors regarding our ongoing operational performance because it helps us and our investors evaluate the ongoing operating performance of the business after removing the impact of our capital structure (primarily interest expense) and our asset base (primarily depreciation and amortisation). Management believes that the presentation of adjusted EBITDA, when combined with the primary IFRS presentation of net profit provides a more complete analysis of our operating performance. Management also believes the use of EBITDA and adjusted EBITDA facilitates comparisons between us and other data centre operators and other data centre operators that are REITs and other infrastructure based businesses. EBITDA and adjusted EBITDA are also relevant measures used in the financial covenants of our €100 million revolving facility and our 6.00% Senior Secured Notes due 2020. We also present recurring revenue as we believe it assists investors understand our operating performance.

A reconciliation from net profit to EBITDA and EBITDA to adjusted EBITDA is provided in the tables attached to this press release.

Adjusted net profit, adjusted basic earnings per share and adjusted diluted earnings per share

We define adjusted net profit as net profit adjusted for the following items and the related income tax effect, which may occur in any period, and which management believes are not reflective of our operating performance:

 

•

Income or expense related to the evaluation and execution of potential Mergers or Acquisitions (“M&A”) – under IFRS, gains and losses associated with M&A activity are recognised in the period incurred. We exclude these effects because we believe they are not reflective of our ongoing operating performance.

 

•

Adjustments related to provisions – these adjustments are made for adjustments in provisions that are not reflective of the ongoing operating performance of Interxion. These adjustments may include changes in provisions for onerous lease contracts.

 

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Press Release, 3 August 2016

 

•

Adjustments related to capitalised interest – Under IFRS we are required to calculate and capitalise interest allocated to the investment in data centres and exclude it from net profit. We believe that reversing the impact of capitalised interest provides information about the impact of the total interest costs and facilitates comparisons with other data centre operators.

In certain circumstances, we may also adjust for gains or losses that management believes are not representative of our current ongoing performance. Examples of this would include: adjusting for the cumulative effect of a change in accounting principle or estimate, impairment losses, litigation gains and losses or windfall gains and losses.

Management believe that the exclusion of certain items listed above, provides useful supplemental information to net profit to aid investors in evaluating the operating performance of our business and to aid investors compare our operating performance with other data centre operators and infrastructure companies. We believe the presentation of adjusted net profit, when combined with net income (loss) prepared in accordance with IFRS is beneficial to a complete understanding of our performance.

Adjusted basic earnings per share and adjusted diluted earnings per share amounts are determined on adjusted net profit.

Interxion does not provide forward-looking estimates of net profit, operating profit, depreciation, amortisation, and impairments, share-based payments, M&A transaction costs or increase/decrease in provision for onerous lease contracts, and income from sub-leases of unused data centre sites, which it uses to reconcile to adjusted EBITDA. The Company is, therefore, unable to provide forward-looking reconciling information for adjusted EBITDA.

A reconciliation from net profit to adjusted net profit is provided in the tables attached to this press release.

 

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Press Release, 3 August 2016

 

-ENDS-

About Interxion

Interxion (NYSE: INXN) is a leading provider of carrier and cloud-neutral colocation data centre services in Europe, serving a wide range of customers through 42 data centres in 11 European countries. Interxion’s uniformly designed, energy efficient data centres offer customers extensive security and uptime for their mission-critical applications.

With over 600 connectivity providers, 21 European Internet exchanges, and most leading cloud and digital media platforms across its footprint, Interxion has created connectivity, cloud, content and finance hubs that foster growing customer communities of interest. For more information, please visit www.interxion.com.

Contact information:

Interxion

Jim Huseby

Investor Relations

Tel: +1-813-644-9399

[email protected]

This announcement contains inside information under Regulation (EU) 596/2014 (16 April 2014).

 

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Press Release, 3 August 2016

 

INTERXION HOLDING NV

CONDENSED CONSOLIDATED INCOME STATEMENTS

(in €’000 — except per share data and where stated otherwise)

(unaudited)

 

		Three Months Ended								Six Months Ended
		Jun-30 2016				Jun-30 2015				Jun-30 2016				Jun-30 2015
Revenue			104,026				95,449				206,026				187,931
Cost of sales			(39,663	)			(37,663	)			(78,782	)			(73,945	)
Gross Profit			64,363				57,786				127,244				113,986
Other income			33				20,997				130				21,060
Sales and marketing costs			(7,284	)			(7,210	)			(15,008	)			(13,889	)
General and administrative costs			(33,568	)			(33,824	)			(65,953	)			(69,983	)
Operating profit			23,544				37,749				46,413				51,174
Net finance expense			(10,170	)			(7,946	)			(18,128	)			(14,531	)
Profit or loss before income taxes			13,374				29,803				28,285				36,643
Income tax expense			(4,209	)			(8,216	)			(8,901	)			(10,631	)
Net income			9,165				21,587				19,384				26,012
Basic earnings per share: (€)			0.13				0.31				0.28				0.37
Diluted earnings per share: (€)			0.13				0.31				0.27				0.37
Number of shares outstanding at the end of the period (shares in thousands)			70,479				69,575				70,479				69,575
Weighted average number of shares for Basic EPS (shares in thousands)			70,316				69,562				70,163				69,478
Weighted average number of shares for Diluted EPS (shares in thousands)			71,198				70,609				71,018				70,573

 

		As at
Capacity metrics		Jun-30 2016				Jun-30 2015
Equipped space (in square meters)			104,200				98,300
Revenue generating space (in square meters)			81,600				77,100
Utilization rate			78	%			78	%

 

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Press Release, 3 August 2016

 

INTERXION HOLDING NV

NOTES TO CONDENSED CONSOLIDATED INCOME STATEMENTS: SEGMENT INFORMATION

(in €’000 — except where stated otherwise)

(unaudited)

 

		Three Months Ended								Six Months Ended
		Jun-30 2016				Jun-30 2015				Jun-30 2016				Jun-30 2015
Consolidated
Recurring revenue			99,331				90,297				196,542				177,348
Non-recurring revenue			4,695				5,152				9,484				10,583
Revenue			104,026				95,449				206,026				187,931
Net income			9,165				21,587				19,384				26,012
Net income margin			9	%			23	%			9	%			14	%
Operating profit			23,544				37,749				46,413				51,174
Operating profit margin			23	%			40	%			23	%			27	%
Adjusted EBITDA			47,346				42,029				93,265				82,634
Gross profit margin			61.9	%			60.5	%			61.8	%			60.7	%
Adjusted EBITDA margin			45.5	%			44.0	%			45.3	%			44.0	%
Total assets			1,473,099				1,211,968				1,473,099				1,211,968
Total liabilities			946,348				729,019				946,348				729,019
Capital expenditure, including intangible assets (a)			(62,592	)			(47,835	)			(112,594	)			(115,405	)
France, Germany, the Netherlands, and the UK
Recurring revenue			63,773				57,321				126,039				112,304
Non-recurring revenue			2,608				2,995				5,884				6,622
Revenue			66,381				60,316				131,923				118,926
Operating income			22,374				20,319				44,056				39,802
Operating income margin			34	%			34	%			33	%			33	%
Adjusted EBITDA			37,012				33,248				73,193				64,618
Gross profit margin			63.4	%			62.6	%			62.9	%			62.3	%
Adjusted EBITDA margin			55.8	%			55.1	%			55.5	%			54.3	%
Total assets			954,598				836,429				954,598				836,429
Total liabilities			205,333				177,916				205,333				177,916
Capital expenditure, including intangible assets (a)			(43,627	)			(36,545	)			(80,383	)			(70,311	)
Rest of Europe
Recurring revenue			35,558				32,976				70,503				65,044
Non-recurring revenue			2,087				2,157				3,600				3,961
Revenue			37,645				35,133				74,103				69,005
Operating income			15,083				13,206				30,352				26,553
Operating income margin			40	%			38	%			41	%			38	%
Adjusted EBITDA			21,574				19,342				43,089				38,320
Gross profit margin			65.8	%			63.6	%			66.3	%			64.1	%
Adjusted EBITDA margin			57.3	%			55.1	%			58.1	%			55.5	%
Total assets			340,529				314,422				340,529				314,422
Total liabilities			81,711				57,932				81,711				57,932
Capital expenditure, including intangible assets (a)			(16,389	)			(10,289	)			(26,671	)			(43,414	)
Corporate and other
Operating profit			(13,913	)			4,224				(27,995	)			(15,181	)
Adjusted EBITDA			(11,240	)			(10,561	)			(23,017	)			(20,304	)
Total assets			177,972				61,117				177,972				61,117
Total liabilities			659,304				493,171				659,304				493,171
Capital expenditure, including intangible assets (a)			(2,576	)			(1,001	)			(5,540	)			(1,680	)

 

(a)	Capital expenditure, including intangible assets, represents payments to acquire property, plant and equipment and intangible assets, as recorded in the condensed consolidated statements of cash flows as “Purchase of property, plant and equipment” and “Purchase of intangible assets”, respectively.

 

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Press Release, 3 August 2016

 

INTERXION HOLDING NV

NOTES TO CONDENSED CONSOLIDATED INCOME STATEMENTS: ADJUSTED EBITDA RECONCILIATION

(in €’000 — except where stated otherwise)

(unaudited)

 

		Three Months Ended								Six Months Ended
		Jun-30 2016				Jun-30 2015				Jun-30 2016				Jun-30 2015
Reconciliation to Adjusted EBITDA
Consolidated
Net profit			9,165				21,587				19,384				26,012
Income tax expense			4,209				8,216				8,901				10,631
Profit before taxation			13,374				29,803				28,285				36,643
Net finance expense			10,170				7,946				18,128				14,531
Operating profit			23,544				37,749				46,413				51,174
Depreciation, amortisation and impairments			22,021				19,577				43,498				37,792
EBITDA (1)			45,565				57,326				89,911				88,966
Share-based payments			1,322				1,789				2,763				4,030
Income or expense related to the evaluation and execution of proposed mergers or acquisitions:
M&A transaction break fee income (2)			—				(20,923	)			—				(20,923	)
M&A transaction costs (3)			492				3,911				721				10,798
Items related to terminated or unused data centre sites:
Increase/(decrease) in provision for onerous lease contracts (4)			—				—				—				(100	)
Income from sub-leases on unused data centre sites (5)			(33	)			(74	)			(130	)			(137	)
Adjusted EBITDA (1)			47,346				42,029				93,265				82,634
France, Germany, the Netherlands, and the UK
Operating profit			22,374				20,319				44,056				39,802
Depreciation, amortisation and impairments			14,543				12,544				28,835				24,261
EBITDA (1)			36,917				32,863				72,891				64,063
Share-based payments			128				459				432				792
Items related to terminated or unused data centre sites:
Increase/(decrease) in provision for onerous lease contracts (4)			—				—				—				(100	)
Income from sub-leases on unused data centre sites (5)			(33	)			(74	)			(130	)			(137	)
Adjusted EBITDA (1)			37,012				33,248				73,193				64,618
Rest of Europe
Operating profit			15,083				13,206				30,352				26,553
Depreciation, amortisation and impairments			6,387				5,927				12,529				11,362
EBITDA			21,470				19,133				42,881				37,915
Share-based payments			104				209				208				405
Adjusted EBITDA (1)			21,574				19,342				43,089				38,320
Corporate and Other
Operating profit/(loss)			(13,913	)			4,224				(27,995	)			(15,181	)
Depreciation, amortisation and impairments			1,091				1,106				2,134				2,169
EBITDA			(12,822	)			5,330				(25,861	)			(13,012	)
Share-based payments			1,090				1,121				2,123				2,833
Income or expense related to the evaluation and execution of proposed mergers or acquisitions:
M&A transaction break fee income (2)			—				(20,923	)			—				(20,923	)
M&A transaction costs (3)			492				3,911				721				10,798
Adjusted EBITDA			(11,240	)			(10,561	)			(23,017	)			(20,304	)

 

(1)

“EBITDA” and “adjusted EBITDA” are non-IFRS financial measures within the meaning of the rules of the SEC. See “Non-IFRS measures” for more information on these measures, including why we believe that these supplemental measures are useful, and the limitations on the use of these supplemental measures.

(2)	“M&A transaction break-fee income” represents the cash break-up fee received following the termination of the Implementation Agreement in May 2015. This fee was included in “Other income”.

(3)

M&A transaction costs are costs associated with the evaluation, diligence and conclusion or termination of merger or acquisition activity. These costs are included in “General and administrative costs”. In the quarter ended 30 June 2015. M&A transaction costs included €3.9 million related to the abandoned merger with TelecityGroup. In the quarter ended 30 June 2016. M&A transaction costs included €0.5 million related to other activity including the evaluation of potential asset acquisitions.

(4)	“Increase/(decrease) in provision for onerous lease contracts” relates to those contracts in which we expect losses to be incurred in respect of unused data centre sites over the term of the lease contract

(5)	“Income from sub-leases of unused data centre sites” represents income from sub-letting of unused data centre sites to third parties, which is treated as “Other income”.

 

13

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Press Release, 3 August 2016

 

INTERXION HOLDING NV

CONDENSED CONSOLIDATED BALANCE SHEET

(in €’000 — except where stated otherwise)

(unaudited)

 

		As at
		Jun-30 2016				Dec-31 2015
Non-current assets
Property, plant and equipment			1,087,585				999,072
Intangible assets			25,585				23,194
Deferred tax assets			20,895				23,024
Financial assets			947				—
Other non-current assets			7,165				6,686
			1,142,177				1,051,976
Current assets
Trade receivables and other current assets			137,448				141,534
Cash and cash equivalents			193,474				58,554
			330,922				200,088
Total assets			1,473,099				1,252,064
Shareholders’ equity
Share capital			7,048				6,992
Share premium			515,974				507,296
Foreign currency translation reserve			12,172				20,865
Hedging reserve, net of tax			(304	)			(213	)
Accumulated deficit			(8,139	)			(27,523	)
			526,751				507,417
Non-current liabilities
Trade payables and other liabilities			11,459				12,049
Deferred tax liabilities			9,224				9,951
Borrowings			735,455				550,812
			756,138				572,812
Current liabilities
Trade payables and other liabilities			180,910				162,629
Income tax liabilities			4,782				2,738
Provision for onerous lease contracts			260				1,517
Borrowings			4,258				4,951
			190,210				171,835
Total liabilities			946,348				744,647
Total liabilities and shareholders’ equity			1,473,099				1,252,064

 

14

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Press Release, 3 August 2016

 

INTERXION HOLDING NV

NOTES TO THE CONDENSED CONSOLIDATED BALANCE SHEET: BORROWINGS

(in €’000 — except where stated otherwise)

(unaudited)

 

		As at
		Jun-30 2016				Dec-31 2015
Borrowings net of cash and cash equivalents
Cash and cash equivalents (a)			193,474				58,554
6.00% Senior Secured Notes due 2020 (b)			629,904				475,503
Mortgages			57,109				44,073
Financial leases			52,700				34,582
Other borrowings			—				1,605
Borrowings excluding Revolving Facility deferred financing costs			739,713				555,763
Revolving Facility deferred financing costs (c)			(568	)			(710	)
Total borrowings			739,145				555,053
Borrowings net of cash and cash equivalents			545,671				496,499

 

(a)	Cash and cash equivalents include €4.1 million as of 30 June 2016 and €4.9 million as of 31 December 2015, which is restricted and held as collateral to support the issuance of bank guarantees on behalf of a number of subsidiary companies.

(b)	€625 million 6.00% Senior Secured Notes due 2020 include a premium on the additional issuance and are shown after deducting underwriting discounts and commissions, offering fees and expenses.

(c)	Deferred financing costs of €0.6 million as of 30 June 2016 were incurred in connection with the €100 million revolving facility.

 

15

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Press Release, 3 August 2016

 

INTERXION HOLDING NV

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in €’000 — except where stated otherwise)

(unaudited)

 

		Three Months Ended								Six Months Ended
		Jun-30 2016				Jun-30 2015				Jun-30 2016				Jun-30 2015
Net profit			9,165				21,587				19,384				26,012
Depreciation, amortisation and impairments			22,021				19,577				43,498				37,792
Provision for onerous lease contracts			(392	)			(849	)			(1,271	)			(1,774	)
Share-based paymens			1,158				1,789				2,558				4,030
Net finance expense			10,170				7,946				18,128				14,531
Income tax expense			4,209				8,216				8,901				10,631
			46,331				58,266				91,198				91,222
Movements in trade receivables and other current assets			(3,732	)			(7,734	)			1,310				(9,365	)
Movements in trade payables and other liabilities			(3,264	)			3,609				(2,758	)			6,483
Cash generated from operations			39,335				54,141				89,750				88,340
Interest and fees paid (a)			(1,060	)			(1,448	)			(15,422	)			(15,022	)
Interest received			18				31				25				80
Other financial items			—				—				—				—
Income tax paid			(2,484	)			(2,740	)			(3,538	)			(5,060	)
Net cash flows from / (used in) operating activities			35,809				49,984				70,815				68,338
Cash flows from investing activities
Purchase of property plant and equipment			(60,729	)			(46,911	)			(108,176	)			(112,229	)
Purchase of intangible assets			(1,863	)			(924	)			(4,419	)			(3,176	)
Movement in short-term investments			—				1,650				—				1,650
Net cash flows from / (used in) investing activities			(62,592	)			(46,185	)			(112,595	)			(113,755	)
Cash flows from financing activities
Proceeds from exercised options			4,250				230				6,176				2,408
Proceeds from mortgages			14,625				—				14,625				—
Repayment of mortgages			(948	)			(720	)			(1,268	)			(1,040	)
Proceeds Senior secured notes at 6%			155,346				—				155,346				—
Interest received at issue of additional notes			2,225				—				2,225				—
Net cash flows from / (used in) financing activities			175,498				(490	)			177,104				1,368
Effect of exchange rate changes on cash			147				(193	)			(404	)			1,224
Net increase / (decrease) in cash and cash equivalents			148,862				3,116				134,920				(42,825	)
Cash and cash equivalents, beginning of period			44,612				53,982				58,554				99,923
Cash and cash equivalents, end of period			193,474				57,098				193,474				57,098

 

(a)	Interest paid is reported net of cash interest capitalised, which is reported as part of “Purchase of property, plant and equipment”.

 

16

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Press Release, 3 August 2016

 

INTERXION HOLDING NV

NOTES TO CONDENSED CONSOLIDATED INCOME STATEMENTS: ADJUSTED NET PROFIT RECONCILIATION

(in €’000 — except per share data and where stated otherwise)

(unaudited)

 

		For the three months ended								For the six months ended
		30 Jun 2016				30 Jun 2015				30 Jun 2016				30 Jun 2015
Consolidated		€	’000			€	’000			€	’000			€	’000
Net profit			9,165				21,587				19,384				26,012
Income or expense related to the evaluation and execution of potential mergers or acquisitions:
M&A transaction costs			492				3,911				721				10,798
M&A transaction break fee income			—				(20,923	)			—				(20,923	)
Adjustments related to provisions:
Increase/(decrease) in provision for onerous lease contracts			—				—				—				(100	)
Adjustments related to capitalised interest:			(701	)			(700	)			(1,166	)			(1,600	)
			(209	)			(17,712	)			(445	)			(11,825	)
Tax effect of above add backs and reversals			52				4,428				111				3,000
Adjusted net profit			9,008				8,303				19,050				17,187
Reported basic EPS: (€)			0.13				0.31				0.28				0.37
Reported diluted EPS: (€)			0.13				0.31				0.27				0.37
Adjusted basic EPS: (€)			0.13				0.12				0.27				0.25
Adjusted diluted EPS: (€)			0.13				0.12				0.27				0.24

 

17

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Press Release, 3 August 2016

 

INTERXION HOLDING NV

Status of Announced Expansion Projects as at 3 August 2016

with Target Open Dates after 1 January 2016

 

Market

Project

CAPEX (a)(b) (€ million)

Equipped Space (a) (sqm)

Target Opening Dates

Amsterdam

AMS 8: Phases 1 - 2 New Build

50

2,600

4Q 2016

Copenhagen

CPH2: Phases 1 - 2 New Build

19

1,100

2Q 2016 - 1Q 2017(c)

Dublin

DUB3: Phases 1 - 2 New Build

28

1,200

4Q 2016

Dusseldorf

DUS 2: Phase 1 - 2 New Build

16

1,200

4Q 2015 - 2Q 2016 (d)

Frankfurt

FRA 10: Phases 1 - 4 New Build

92

4,800

1Q 2016 - 4Q 2016 (e)

Marseille

MRS 1: Phase 2 (continued)

10

800

3Q 2016

Paris

PAR7: Phase 2

14

1,100

2Q 2017

Vienna

VIE 2: New Build

65

4,200

4Q 2014 - 2Q 2017 (f)

Total

€

294

17,000

 

(a)	CAPEX and Equipped space are approximate and may change. Figures are rounded to nearest 100 sqm unless otherwise noted.

(b)	CAPEX reflects the total spend for the projects listed at full power and capacity and the amounts shown in the table above may be invested over the duration of more than one fiscal year.

(c)	Phase 1 (500 square metres) became operational in 2Q 2016. Phase 2 (600 square metres) is scheduled to become operational

(d)	Phase 1 (600 square metres) became operational in 4Q 2015. Phase 2 (600 square metres) became operational in 2Q 2016.

(e)	Phase 1 (1,200 square metres) became operational in 1Q 2016; phase 2 (1,200 square metres) became operational in 2Q 2016; phases 3 & 4 (1,200 square metres each) are both scheduled to become operational in 4Q 2016.

(f)

1,300 square metres became operational in 4Q 2014; 600 square metres became operational in 1Q 2015; 600 square metres became operational in 2Q 2015. 300 square metres became operational in 4Q 2015. 300 sqm is scheduled to become operational in 4Q 2016; another 1,100 square metres is scheduled to become operational in 2Q 2017.

 

18

NYSE: INXN 3 Aug 2016 © Copyright Interxion Holding N.V., 2016. 2Q 2016 EARNINGS CONFERENCE CALL Exhibit 99.2

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This document includes forward-looking statements. All statements other than statements of historical fact included in this document regarding our business, financial condition, results of operations and certain of our plans, objectives, assumptions, projections, expectations or beliefs with respect to these items and statements regarding other future events or prospects, are forward-looking statements. These statements include, without limitation, those concerning: our strategy and our ability to achieve it; expectations regarding sales, profitability and growth; plans for the construction of new data centres; our possible or assumed future results of operations; research and development, capital expenditure and investment plans; adequacy of capital; and financing plans. The words “aim,” “may,” “will,” “expect,” “anticipate,” “believe,” “future,” “continue,” “help,” “estimate,” “plan,” “schedule,” “intend,” “should,” “shall” or the negative or other variations thereof as well as other statements regarding matters that are not historical fact, are or may constitute forward-looking statements. In addition, this document includes forward-looking statements relating to our potential exposure to various types of market risks, such as foreign exchange rate risk, interest rate risks and other risks related to financial assets and liabilities. We have based these forward-looking statements on our management’s current view with respect to future events and financial performance. These views reflect the best judgment of our management but involve a number of risks and uncertainties which could cause actual results to differ materially from those predicted in our forward-looking statements and from past results, performance or achievements. Although we believe that the estimates reflected in the forward-looking statements are reasonable, such estimates may prove to be incorrect. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. These factors include, among other things: operating expenses cannot be easily reduced in the short term; inability to utilise the capacity of newly planned data centres and data centre expansions; significant competition; cost and supply of electrical power; data centre industry over-capacity; and performance under service level agreements. All forward-looking statements included in this document are based on information available to us on the date of this document. The Company undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required by applicable law. All subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements contained throughout this document. This document contains references to certain non-IFRS financial measures, such as EBITDA, adjusted EBITDA, recurring revenue, adjusted net profit, adjusted diluted earnings per share. For definitions of these measures and a reconciliation of these measures to the nearest IFRS-measure, please refer to the appendix. Certain financial and other information presented in this document has not been audited or reviewed by our independent auditors. Certain numerical, financial data, other amounts and percentages in this document may not sum due to rounding. In addition, certain figures in this document have been rounded to the nearest whole number. DISCLAIMER

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STRATEGIC & OPERATIONAL HIGHLIGHTS David Ruberg – Chief Executive Officer

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Solid Financial and Operational Execution Continues with Growing Demand Revenue grew 9% Y/Y, 2% Q/Q Recurring revenue grew 10% Y/Y, 2% Q/Q Adjusted EBITDA grew 13% Y/Y, 3% Q/Q Adjusted EBITDA margin of 45.5%, increased by 150 bps Y/Y Capital expenditure of €62.6 million including intangibles Financial Execution Opened new data centre in Copenhagen Completed expansions in Frankfurt and Düsseldorf Utilisation rate at 78% Completed bond tap in April 2016 raising approximately €155 million net proceeds Operational Execution 2Q 2016 PERFORMANCE

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Adjusted EBITDA & Margin (€ millions) Revenue (€ millions) 45.0% 45.5% 44.0% 44.6% Margin Non- recurring revenue Recurring revenue 2Q Revenue €104.0 million Grew 9% Y/Y and 2% Q/Q 2Q Recurring revenue €99.3 million Grew 10% Y/Y and 2% Q/Q 95% of total revenue 2Q Adjusted EBITDA €47.3 million Grew 13% Y/Y and 3% Q/Q 2Q Adjusted EBITDA margin 45.5% Revenue Growth with 150 Basis Point Y/Y Adjusted EBITDA Margin Increase 95.4 90.3 98.0 92.8 100.7 95.1 44.6% 2Q 2016 FINANCIAL HIGHLIGHTS 102.0 97.2 104.0 99.3

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Equipped & Revenue Generating Space (1,000’s sqm) Utilisation 79% 78% 78% 78% Available Equipped space Revenue generating space 101.6 100.2 98.3 Consistent Utilisation Reflects Sustained Demand 101.2 78% Equipped space of 104,200 sqm 2,600 sqm added in the quarter Revenue generating space of 81,600 sqm 1,200 sqm installed in the quarter Utilisation rate of 78% 2Q 2016 OPERATIONAL HIGHLIGHTS 104.2

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Market Data Centre Project Project CapEx (€ millions) Equipped Space (sqm) Remaining Schedule Project Opened(1) Amsterdam AMS8 Phases 1 – 2 New Build 50 2,600 0 4Q16 Copenhagen CPH2 Phase 1 - 2 New Build 19 1,100 500 1Q17 Dublin DUB3 Phase 1 – 2 New Build 28 1,200 0 4Q16 Frankfurt FRA10 Phases 1-4 New Build 92 4,800 2,400 3Q16 – 4Q16 Marseille MRS1 Phase 2 continued 10 800 0 3Q16 Paris PAR7 Phase 2 14 1,100 0 2Q17 Vienna VIE2 Phases 1-6 New Build 65 4,200 2,800 4Q16 – 3Q17 Announced Projects With Pending Expansions(1) (See Appendix for further information) Completed expansions: CPH2: opened initial 500 sqm FRA10: opened 1,200 sqm DUS2: opened 600 sqm Further expansion in Copenhagen Further expansion (CPH2.2) with 600 sqm Expansions totalling approximately 10,100 sqm(2) to open in 2H16– 2017 EXPANDING FACILITIES TO SUPPORT CUSTOMER NEEDS As of 3 August 2016. CapEx and Equipped Space are approximate and may change. CapEx reflects the total spend for the listed project at full power and capacity and the amounts shown in the table above may be invested over the duration of more than one fiscal year.

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BUILDING COMMUNITIES OF INTEREST DELIVERS SIGNIFICANT CUSTOMER VALUE 11% 10% 11% Connectivity Providers Cloud Providers Systems Integrators Financial Services Digital Media / CDNs Enterprises Platforms Data / End-user applications 9% 28% 32% Foundational Segments Enhance Communities of Interest = % of June 2016 Monthly Recurring Revenue (excluding metered energy) for each industry segment Note: Totals may not add due to rounding.

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FINANCIAL HIGHLIGHTS Josh Joshi – Chief Financial Officer

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€ millions (except per share amounts) 2Q 2015 1Q 2016 2Q 2016 2Q 2016 vs. 2Q 2015 2Q 2016 vs. 1Q 2016 Recurring revenue 90.3 97.2 99.3 10% 2% Non-recurring revenue 5.2 4.8 4.7 (9%) (2%) Revenue 95.4 102.0 104.0 9% 2% Gross profit 57.8 62.9 64.4 11% 2% Gross profit margin 60.5% 61.6% 61.9% +140bps +30bps Adjusted EBITDA(1) 42.0 45.9 47.3 13% 3% Adjusted EBITDA(1) margin 44.0% 45.0% 45.5% +150bps +50bps Net profit 21.6 10.2 9.2 (58%) (10%) EPS (diluted) €0.31 €0.14 €0.13 (58%) (7%) Adjusted net profit(1) 8.3 10.0 9.0 8% (10%) Adjusted EPS (diluted)(1) €0.12 €0.14 €0.13 8% (7%) Revenue grew 9% Y/Y and 2% Q/Q 10% Y/Y and 2% Q/Q constant currency Gross profit margin grew to 61.9%, up 140 bps Y/Y Increased 300 bps in last 6 quarters Adjusted EBITDA(1) margin grew to 45.5%, up 150 bps Y/Y Net profit comparisons impacted by 2Q 2015 M&A items and increased finance expense from April 2016 bond tap. 2Q 2016 RESULTS Adjusted EBITDA, adjusted net profit, and adjusted earnings per share (diluted) are non-IFRS figures intended to adjust for certain items. Full definitions can be found on the “Definitions” section in this slide deck. Reconciliations of adjusted EBITDA and adjusted net profit to Net profit can be found in the financial tables later in the appendix of this slide deck.

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55.1 % 55.2 % 55.8% 55.1 % 56.9 % 57.3% Revenue grew 7% Y/Y, 3% Q/Q Recurring revenue grew 8% Y/Y, 2% Q/Q 9% Y/Y and 2% Q/Q constant currency Adjusted EBITDA grew 12% Y/Y, <1% Q/Q Strength in Austria, Denmark and Sweden Revenue grew 10% Y/Y, 1% Q/Q Recurring revenue grew 11% Y/Y, 2% Q/Q 13% Y/Y and 3% Q/Q constant currency Adjusted EBITDA grew 11% Y/Y, 2% Q/Q Strength in France, Germany, and the Netherlands Revenue Adjusted EBITDA Adjusted EBITDA margin (€ millions) France, Germany, the Netherlands, and the UK Rest of Europe Solid Revenue Growth and Strong Margins in Both Reporting Segments 2Q 2016 REPORTING SEGMENT ANALYSIS Note: Analysis excludes “Corporate & Other” segment. 53.7% 57.9% 55.2% 59.0%

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Capital Expenditures, including Intangible Assets By Geography (2Q 2016) By Category (2Q 2016) (€ millions) (€ millions) (€ millions) Demand-Driven Capital Allocation DISCIPLINED INVESTMENTS FOR PROFITABLE GROWTH

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Cash position and growing operating cash flow fully funds expansions Bond tap raised €155 million net proceeds €15 million mortgage added in Vienna €18 million finance lease for AMS8 €100 million RCF remains undrawn 5.8% blended cost of debt 2Q 2016 LTM Cash ROGIC 11% € millions 30-Jun-16 31-Dec-15 Cash & Cash Equivalents 193.5 58.6 Total Borrowings(1) 739.1 555.1 Shareholders Equity 526.8 507.4 Total Capitalisation 1,266.0 1,062.5 Total Borrowings / Total Capitalisation 58.3% 52.2% Gross Leverage Ratio(2) 4.0x 3.2x Net Leverage Ratio(3) 3.0x 2.9x STRONG BALANCE SHEET Recent Financing Initiatives Position Interxion for Future Growth Total Borrowings = 6.00% Senior Secured  Notes due 2020 including premium on additional issue and are shown after deducting underwriting discounts and commissions, offering fees and expenses + Mortgages + Financial Leases + Revolving facility borrowings + Other Borrowings – Revolving facility deferred financing costs. Gross Leverage Ratio =  (6.00% Senior Secured Notes due 2020 at face value + Mortgages + Financial Leases + Revolving facility borrowings+ Other Borrowings)  /  LTM Adjusted EBITDA. Net Leverage Ratio = (6.00% Senior Secured Notes due 2020 at face value + Mortgages + Financial Leases + Revolving facility balance + Other Borrowings – Cash & Cash Equivalents)  /  LTM Adjusted EBITDA.

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30 Fully Built-Out Data Centres(1)(2) Space fully equipped Some power upgrades yet to come As of 1 January 2015 70,500 sqm of equipped space 82% utilisation 24% annual cash return 24% Q2 2016 LTM Returns Attractive Cash Returns from Fully Built-Out Data Centres(1) DISCIPLINED INVESTMENTS DRIVE STRONG RETURNS Fully Built-Out Data Centre: a data centre for which materially all equippable space is equipped. However, note, future power upgrades can further increase the capacity of a fully built out data centre.. 30 Fully Built-Out Data Centres as at 1 January 2015: AMS1, AMS3, AMS4, AMS5, AMS6, BRU1, CPH1, DUB1, DUB 2, FRA1, FRA2, FRA3, FRA4, FRA5, FRA6, FRA7, FRA8, FRA9, LON1, LON2, MAD1, PAR1, PAR2, PAR3, PAR4, PAR5, PAR6, STO1, STO3, and VIE1. Represents total cumulative investments in Data Centre Assets, including freehold land and buildings, infrastructure and equipment, Intangible assets, and assets under construction as at 30 June 2016. (€ millions)

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BUSINESS COMMENTARY OUTLOOK & CONCLUDING REMARKS David Ruberg – Chief Executive Officer

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DRIVERS OF CLOUD ADOPTION IN EUROPE & US Cloud Platform Infrastructure Multi-wave roll out with a two year lag between US & Europe “Move to the Edge” Impact Global architectural trend, more pronounced in Europe Time to Market for Cloud Providers Increasing reliance on third party data centres to meet demand CIO Approach to Cloud Adoption Innovation-led in the US vs more cautious and holistic in Europe Role of Enterprise Cloud Enablers Critical role of MSPs & SIs in Europe

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APPROACH TO CAPTURE THE OPPORTUNITY IN EUROPE Phase 1 Capture the platforms with the highest magnetic potential Phase 2 Create the cloud community of interest with MSP’s and SI’s Phase 3 Expand the community of interest with enterprise deployments Enterprises Hybrid Cloud Enablers Private Cloud Public Cloud Cloud Providers

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Range (in € millions) Revenue Adjusted EBITDA(1) Capital Expenditures 416 — 431 185 — 195 200 — 220 GUIDANCE FOR 2016 Adjusted EBITDA is a non-IFRS figure intended to adjust for certain items. Full definitions can be found on the “Definitions” section in this slide deck. A reconciliation of Adjusted EBITDA can be found in the financial tables later in the appendix of this slide deck.

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APPENDIX

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CAGR(1) = 13% CAGR(1) = 17% Adjusted EBITDA Margin(3) 36% 39% 38% 38% 38% 39% 40% 42% 42% 41% 41% 43% 43% 43% 43% 43% 43% 43% 43% 43% 44% 44% 45% 45% 45% 46% TRACK RECORD OF EXECUTION 39 Consecutive Quarters of Organic Revenue and Adjusted EBITDA Growth CAGR calculated as 2Q16 vs. 1Q10. Big 4 % defined as percentage of total revenue from France, Germany, Netherlands, and UK reporting segment. Adjusted EBITDA margin calculated as adjusted EBITDA divided by Revenue. Y/Y Growth 18% 19% 25% 23% 21% 19% 13% 16% 14% 13% 14% 13% 13% 13% 11% 7% 8% 9% 11% 15% 15% 14% 13% 12% 10% 9% Big 4 %(2) 60% 60% 60% 58% 60% 60% 59% 62% 61% 62% 62% 62% 63% 63% 62% 63% 63% 62% 63% 63% 63% 63% 65% 64% 64% 64%

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Data Centre Recurring Revenue Development Space Installed ARPU increases over time as IT workloads increase: Customers initially contract for space and modest power reservation(1) As workloads increase, larger power reservation fees are required and energy consumption increases Power Reservation & Energy Consumption Customer ARPU Development Revenue grows from space, power reservation, and energy consumption over time As data centres fill with customers: Revenue mix initially tilted toward space As space becomes more fully utilised, revenue growth from power reservation and energy consumption can continue ILLUSTRATIVE ARPU DEVELOPMENT Revenue Develops Over Time as Power Reservation and Energy Consumption Increase Power Reservation is the fee for infrastructure power (cooling, power distribution, etc.).

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€ in millions (except as noted) 2014 2015 2016 2014 2015 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q FY FY                       Recurring revenue 75.9 78.7 80.9 83.7 87.1 90.3 92.8 95.1 97.2 99.3 319.2 365.2 Non-recurring revenue 4.7 4.9 5.6 6.2 5.4 5.2 5.2 5.6 4.8 4.7 21.4 21.4 Total revenue 80.6 83.6 86.4 89.9 92.5 95.4 98.0 100.7 102.0 104.0 340.6 386.6 Gross profit 48.0 49.6 50.9 53.0 56.2 57.8 59.5 61.4 62.9 64.4 201.6 234.9 Gross profit margin 59.6% 59.4% 58.9% 58.9% 60.8% 60.5% 60.7% 61.1% 61.6% 61.9% 59.2% 60.8% Adj EBITDA 34.5 35.9 37.3 38.7 40.6 42.0 43.7 44.9 45.9 47.3 146.4 171.3 Adj EBITDA Margin 42.9% 42.9% 43.1% 43.0% 43.9% 44.0% 44.6% 44.6% 45.0% 45.5% 43.0% 44.3% Net profit / (loss) 10.4 8.3 9.0 7.4 4.4(1) 21.6(1) 10.4(1,2) 12.1(1) 10.2(1) 9.2(1) 35.1 48.6(1,2) CapEx paid 57.0 54.4 57.0 47.8 67.6 47.8 35.3 42.0 50.0 62.6 216.3 192.6 Expansion/upgrade 52.7 51.0 51.2 43.7 64.2 44.3 30.4 36.9 45.3 56.3 198.7 175.7 Maintenance & other 3.7 2.6 5.0 2.9 1.1 2.6 3.0 3.6 2.1 4.4 14.3 10.4 Intangibles 0.6 0.8 0.8 1.2 2.3 0.9 1.9 1.5 2.6 1.9 3.3 6.5 Cash generated from operations 34.3 26.9 33.6 40.5 34.2(1) 54.1(1) 43.0(1) 38.1(1) 50.4(1) 39.3(1) 135.4 169.4(1,2) Gross PP&E 1,045.4 1,105.8 1,183.1 1,235.6 1,308.8 1,350.2 1,375.6 1,418.7 1,457.2 1,541.2 1,235.6 1,418.7 Gross intangible assets 25.5 26.5 27.5 28.0 30.5 33.6 35.1 34.6 36.5 38.1 28.0 34.6 LTM Cash ROGIC 13% 12% 12% 11% 12% 12% 12% 12% 12% 11% 11% 12% HISTORICAL FINANCIAL RESULTS Note: Figures rounded to nearest net € 0.1 Million. Totals may not add due to rounding. The Company’s growth has been 100% organic; hence, gross goodwill is zero for all periods. Includes €6.9 million, €3.9 million, €0.5 million, €0.6 million, €0.2 million and €0.5 million of M&A transaction cost in 1Q15, 2Q15, 3Q15, 4Q15, 1Q16, and 2Q16, respectively; also includes € 20.9 million M&A transaction break fee income in 2Q15. Includes gain on sale of financial asset.

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€ in millions (except as noted) 2014 2015 2016 2014 2015 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q FY FY                       BIG 4 Recurring revenue 47.6 49.3 51.0 52.7 55.0 57.3 59.5 60.9 62.3 63.8 200.6 232.6 Non-recurring revenue 3.1 2.9 3.9 3.7 3.6 3.0 3.8 3.9 3.3 2.6 13.6 14.3 Total revenue 50.8 52.2 54.9 56.4 58.6 60.3 63.2 64.8 65.5 66.4 214.2 246.9 Gross profit margin 61.8% 61.2% 60.5% 60.1% 62.0% 62.6% 62.3% 62.0% 62.4% 63.4% 60.9% 62.2% Adj EBITDA 27.3 27.9 29.2 29.0 31.4 33.2 34.9 34.8 36.2 37.0 113.4 134.3 Adj EBITDA margin 53.8% 53.4% 53.3% 51.4% 53.5% 55.1% 55.2% 53.7% 55.2% 55.8% 52.9% 54.4% REST OF EUROPE Recurring revenue 28.2 29.4 29.9 31.0 32.1 33.0 33.3 34.2 35.0 35.6 118.6 132.6 Non-recurring revenue 1.6 2.0 1.7 2.5 1.8 2.2 1.5 1.7 1.5 2.1 7.8 7.1 Total revenue 29.8 31.4 31.6 33.5 33.9 35.1 34.8 35.9 36.5 37.6 126.4 139.6 Gross profit margin 62.2% 62.3% 61.5% 62.3% 64.6% 63.6% 64.3% 65.9% 66.9% 65.8% 62.1% 64.6% Adj EBITDA 15.8 16.6 16.8 18.1 19.0 19.3 19.8 20.8 21.5 21.6 67.3 78.9 Adj EBITDA margin 52.9% 52.9% 53.1% 53.9% 56.0% 55.1% 56.9% 57.9% 59.0% 57.3% 53.2% 56.5% CORPORATE & OTHER Adj EBITDA (8.5) (8.7) (8.7) (8.4) (9.7) (10.6) (11.0) (10.7) (11.8) (11.2) (34.3) (41.9) HISTORICAL SEGMENT FINANCIAL RESULTS Note: Figures rounded to nearest net € 0.1 Million. Totals may not add due to rounding.

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Space figures in square metres(1) Recurring ARPU in € Customer Available Power in MW(1) 2014 2015 2016 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q                     Equipped space 82,900 86,000 88,600 93,500 94,800 98,300 100,200 101,200 101,600 104,200 Equipped space added 2,800 3,100 2,600 4,900 1,300 3,500 1,900 1,000 400 2,600 Revenue generating space 61,400 64,300 68,500 71,000 74,000 77,100 78,000 79,100 80,400 81,600 RGS added 1,700 2,900 4,200 2,500 3,000 3,100 900 1,100 1,300 1,200 Recurring ARPU 418 418 406 400 400 398 399 403 406 409 Utilisation (%)(2) 74% 75% 77% 76% 78% 78% 78% 78% 79% 78% Equipped customer power 86 90 96 99 109 114 116 118 120 123 Maximum equippable customer power 139 139 145 145 153 154 177 179 178 178 Data centres in operation 36 37 38 40 39 40 40 41 41 42 HISTORICAL OPERATING METRICS All figures at the end of the period, except as noted. Maximum equippable customer power includes the announced maximum equippable customer power from current and announced data centres as at the date of each quarter’s respective report. Utilisation as at the end of the reporting period.

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Space figures in square metres(1) 2014 2015 2016E(2) 2017E(2) 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3QE 4QE 1QE 2QE 3QE 4QE BIG 4 France ‒ ‒ ‒ 600  ‒ ‒ 900 ‒ ‒ ‒ 800 ‒ ‒ 1,100 ‒ ‒ Germany  800 1,800  100 1,800  ‒  400 100 600 1,200 1,800 ‒ 2,400 ‒ ‒ ‒ ‒ Netherlands(3) 1,100 1,000 1,500 1,300  700 1,300 ‒ ‒ (700) ‒ ‒ 2,600 ‒ ‒ ‒ ‒ UK  ‒  100  100 ‒  ‒ ‒ 100 ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ Subtotal 1,900 2,900 1,700 3,700 700 1,700 1,100 600 400 1,800 800 5,000 ‒ 1,100 ‒ ‒ REST OF EUROPE Austria  ‒  ‒  ‒ 1,300  600 600 ‒ 300 ‒ ‒ ‒ 300 ‒ 1,100 ‒ ‒ Belgium  300  ‒  ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ Denmark  ‒  ‒  ‒ ‒ ‒ ‒ ‒ ‒ ‒ 500 ‒ ‒ 600 ‒ ‒ ‒ Ireland  ‒  ‒  ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ 1,200 ‒ ‒ ‒ ‒ Spain   ‒  ‒  ‒ ‒ ‒ ‒ 800 ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ Sweden 500  ‒ 900 ‒ ‒ 1,100 ‒ ‒ ‒ 200 ‒ ‒ ‒ ‒ ‒ ‒ Switzerland  ‒ 100  ‒ ‒ ‒ 100 ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ Subtotal 800 100 900 1,300 600 1,800 800 300 ‒ 700 ‒ 1,500 600 1,100 ‒ ‒ Total additional equipped space 2,800 3,100 2,600 4,900 1,300 3,500 1,900 1,000 400 2,600 800 6,500 600 2,200 ‒ ‒ SCHEDULED EQUIPPED SPACE ADDITIONS Figures rounded to nearest net 100 sqm for each country unless otherwise noted. Totals may not add due to rounding. Future expansion additions based on announced schedule, which is subject to change; additions scheduled for the first half are noted in the second quarter and additions scheduled for the second half are noted in the fourth quarter. HIL1 exited in 1Q15; AMS2 exited in 1Q16.

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PAN-EUROPEAN DATA CENTRE PORTFOLIO Built Out Status as at 1 January 2015, consistent with slide 14 Maximum equippable space as at 30 June 2016. Not included in Maximum Equippable Space, Interxion owns or leases land for data centre development in Copenhagen, Dublin, Frankfurt, Madrid, Marseille and Paris. Purchase options have been exercised, though not yet closed Maximum equippable space for AMS4 is included in the maximum equippable space of AMS1 Location Owned / Leased Build Out Status(1) Maximum Equippable Space (sqm)(2) (3) Location Owned / Leased Build Out Status (1) Maximum Equippable Space (sqm)(2) (3) Big 4 FRANCE NETHERLANDS MRS1 Owned Expanding 6,400 AMS1 Leased Fully 600 PAR1 Leased Fully 1,400 AMS3 Owned Fully 3,000 PAR2 Leased Fully 2,900 AMS4 Leased Fully NM (5) PAR3 Owned Fully 2,000 AMS5 Leased Fully 4,300 PAR4 Leased Fully 1,300 AMS6 Owned Fully 4,400 PAR5 Owned Fully 4,000 AMS7 Finance Lease(4) Expanding 7,600 PAR6 Leased Fully 1,300 AMS8 Finance Lease Under Construction 8,000 PAR7 Finance Lease(4) Expanding 5,700 UK       LON1 Leased Fully 5,400 LON2 Leased Fully 1,500 GERMANY DUS1 Leased Expanding 3,300 FRA5 Leased Fully 1,700 DUS2 Leased Expanding 1,200 FRA6 Leased Fully 2,200 FRA1 Leased Fully 500 FRA7 Leased Fully 1,500 FRA2 Leased Fully 1,100 FRA8 Owned Fully 3,700 FRA3 Leased Fully 2,200 FRA9 Leased Fully 800 FRA4 Leased Fully 1,400 FRA10 Owned Expanding 4,800 Subtotal - 29 Big 4 Data Centres Operating or Under Construction 84,200 ROE AUSTRIA       SPAIN       VIE1 Owned Fully 4,700 MAD1 Leased Fully 4,000 VIE2 Owned Expanding 6,200 MAD2 Leased Expanding 1,700 BELGIUM     SWEDEN     BRU1 Owned Fully 5,100 STO1 Leased Fully 1,900 DENMARK     STO2 Leased Expanding 1,200 CPH1 Leased Fully 3,800 STO3 Leased Fully 900 CPH2 Owned Expanding 1,600 STO4 Leased Expanding 1,100 IRELAND     SWITZERLAND     DUB1 Leased Fully 1,100 ZUR1 Leased Expanding 7,100 DUB2 Leased Fully 2,300 DUB3 Owned Under Construction 2,300 Subtotal - 15 Rest of Europe Data Centres Operating or Under Construction 45,000 GRAND 129,200 Location Owned /Leased Build OutStatus(1) Maximum Equippable Space (sqm)(2) Location Owned /Leased Build OutStatus(1) Maximum Equippable Space (sqm)(2) BIG 4 France Netherlands MRS1 Owned Expanding 6,400 AMS1 Leased Fully 600 PAR1 Leased Fully 1,400 AMS3 Owned Fully 3,000 PAR2 Leased Fully 2,900 AMS4 Leased Fully NM (5) PAR3 Owned Fully 2,000 AMS5 Leased Fully 4,300 PAR4 Leased Fully 1,300 AMS6 Owned Fully 4,400 PAR5 Owned Fully 4,000 AMS7 Finance Lease(4) Expanding 7,600 PAR6 Leased Fully 1,300 AMS8 Finance Lease Under Construction 8,000 PAR7 Finance Lease(4) Expanding 5,700 United Kingdom LON1 Leased Fully 5,400 LON2 Leased Fully 1,500 Germany(3) DUS1 Leased Fully 3,300 FRA5 Leased Fully 1,700 DUS2 Leased Fully 1,200 FRA6 Leased Fully 2,200 FRA1 Leased Fully 500 FRA7 Leased Fully 1,500 FRA2 Leased Fully 1,100 FRA8 Owned Fully 3,700 FRA3 Leased Fully 2,200 FRA9 Leased Fully 800 FRA4 Leased Fully 1,400 FRA10 Owned Expanding 4800 Subtotal - 29 Big 4 Data Centres Operating or Under Construction 84,200 ROE Austria Spain VIE1 Owned Fully 4,700 MAD1 Leased Fully 4,000 VIE2 Owned Expanding 6,200 MAD2 Leased Expanding 1,700 Belgium Sweden BRU1 Owned Fully 5,100 STO1 Leased Fully 1,900 Denmark STO2 Leased Expanding 1,200 CPH1 Leased Fully 3,800 STO3 Leased Fully 900 CPH2 Owned Expanding 1,600 STO4 Leased Expanding 1,100 Ireland Switzerland DUB1 Leased Fully 1,100 ZUR1 Leased Expanding 7,100 DUB2 Leased Fully 2,300 DUB3 Owned Under Construction 2,300 Subtotal - 15 Rest of Europe Data Centres Operating or Under Construction 45,000 Grand Total ,129,200 Totals # sqm % Owned 12 48,200 0.37306501547987614 Leased Finance Lease 3 21,300 0.16486068111455107 Operating Lease 29 59,700 0.46207430340557276 Total 44 129200 1

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Reconciliation to adjusted net profit   € in millions (except as noted) 2014 2015 2016 2014 2015 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q FY FY   Net profit – as reported 10.4 8.3 9.0 7.4 4.4 21.6 10.4 12.1 10.2 9.2 35.1 48.6 Add back + Refinancing charges  ‒ 0.6 ‒  ‒  ‒ ‒ ‒ ‒  ‒  ‒ 0.6 ‒ + M&A transaction costs ‒ ‒ ‒ 0.3 6.9 3.9 0.5 0.6 0.2 0.5 0.3 11.8  ‒ 0.6 ‒ 0.3 6.9 3.9 0.5 0.6 0.2 0.5 0.9 11.8 Reverse - M&A transaction break fee income ‒ ‒ ‒ ‒ ‒ (20.9) ‒ ‒ ‒ ‒ ‒ (20.9) - Profit on sale of financial asset ‒ ‒ ‒ ‒ ‒ ‒ (2.3) ‒ ‒ ‒ (2.3) - Adjustment for onerous leases ‒ (0.8) ‒ ‒ (0.1) ‒ (0.1) ‒ ‒ ‒ (0.8) (0.2) - Interest capitalised (0.8) (0.8) (1.3) (0.6) (0.9) (0.7) (0.4) (0.6) (0.5) (0.7) (3.6) (2.6)   (0.8) (1.6) (1.3) (0.6) (1.0) (21.6) (2.8) (0.6) (0.5) (0.7) (4.4) (26.0) Tax effect of above add backs & reversals 0.2 0.3 0.3 0.2 (1.4) 4.4 0.6 0.0 0.1 0.1 0.9 3.5 Adjusted net profit   9.8 7.6 8.0 7.2 8.9 8.3 8.7 12.1 10.0 9.0 32.5 37.9 Reported Basic EPS (€) 0.15 0.12 0.13 0.11 0.06 0.31 0.15 0.17 0.15 0.13 0.51 0.70 Reported Diluted EPS (€) 0.15 0.12 0.13 0.11 0.06 0.31 0.15 0.17 0.14 0.13 0.50 0.69 Adjusted Basic EPS (€) 0.14 0.11 0.12 0.10 0.13 0.12 0.12 0.17 0.14 0.13 0.47 0.55 Adjusted Diluted EPS (€) 0.14 0.11 0.11 0.10 0.13 0.12 0.12 0.17 0.14 0.13 0.46 0.54 ADJUSTED NET PROFIT RECONCILIATION Note: Figures rounded to nearest net € 0.1 Million. Totals may not add due to rounding.

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Reconciliation to adjusted EBITDA                 € in millions (except as noted) 2010 2011 2012 2013 2014 2015 2016 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q Q2 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q                           Net profit / (loss) (4.7) 4.0 5.9 9.5 2.8 5.2 6.9 10.6 8.7 8.7 8.6 5.6 7.0 6.6 (16.5)(1) 9.8 10.4 8.3 9.0 7.4 4.4 21.6 10.4 12.1 10.2 9.2 Income tax expense / (benefit) 1.2 2.9 1.6 (3.2) 2.3 2.3 3.2 1.9 3.9 4.1 4.3 3.5 3.4 3.1 (4.1) 3.7 4.2 3.9 3.9 3.5 2.4 8.2 4.7 2.6 4.7 4.2 Profit / (loss) before taxation (3.5) 6.9 7.5 6.3 5.1 7.5 10.1 12.6 12.6 12.9 12.8 9.1 10.3 9.7 (20.6) 13.4 14.6 12.2 12.8 10.8 6.8 29.8 15.2 14.7 14.9 13.4 Net finance expense 13.5 4.8 5.1 6.1 6.6 6.0 5.3 5.0 4.4 3.9 3.8 5.7 6.5 7.3 38.1(1) 5.6 5.4 7.5 7.0 8.0 6.6 7.9 6.4 8.1 8.0 10.2 Operating profit 10.0 11.7 12.6 12.4   11.7 13.5 15.3 17.5   17.1 16.7 16.6 14.8 16.8 17.1 17.5 19.0 20.0 19.7 19.8 18.8 13.4 37.7 21.6 22.8 22.9 23.5 Depreciation, amortisation and impairments 7.2 7.5 7.8 8.6 8.5 9.6 9.1 8.4 9.7 10.2 11.0 13.1 14.0 14.9 15.2 13.5 14.0 14.9 16.0 17.3 18.2 19.6 20.3 20.2 21.5 22.0 EBITDA 17.2 19.2 20.4 21.0   20.3 23.1 24.4 25.9   26.7 27.0 27.6 27.8 30.8 32.0 32.7 32.5 34.0 34.6 35.9 36.2 31.6 57.3 41.8 43.0 44.4 45.6 Share-based payments 0.3 0.4 0.4 0.6 0.3 0.3 0.7 1.3 0.7 0.9 1.2 2.6 1.0 0.8 1.1 1.3 0.6 2.1 1.5 2.3 2.2 1.8 1.7 1.5 1.4 1.3 Increase/(decrease) in provision for onerous lease contracts 0.1 0.1 0.1 (0.1) 0.0 ‒ ‒ ‒ ‒ ‒ ‒ 0.8 ‒ ‒ - ‒ ‒ (0.8) ‒ ‒ (0.1) ‒ (0.1) ‒ ‒ ‒ IPO transaction costs ‒ ‒ ‒ ‒ 1.7 ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ - ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ - - M&A transaction break fee income ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ - ‒ ‒ ‒ ‒ ‒ ‒ (20.9) ‒ ‒ - - M&A transaction costs ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ - ‒ ‒ ‒ ‒ 0.3 6.9 3.9 0.5 0.6 0.2 0.5 Income from sub-leases on unused data centre sites (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.0) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.0) Adjusted EBITDA 17.4 19.6 20.8 21.4   22.2 23.3 25.0 27.1   27.3 27.8 28.7 31.2 31.7 32.7 33.7 33.8 34.5 35.9 37.3 38.7 40.6 42.0 43.7 44.9 45.9 47.3 Note: Figures rounded to nearest net € 0.1 Million. Totals may not add due to rounding. Includes €31 million in one-time charges related to debt refinancing; see adjusted net profit reconciliation elsewhere in this Appendix. NON-IFRS RECONCILIATIONS

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Reconciliation to Segment adjusted EBITDA € in millions 2014 2015 2016 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q           BIG 4         Operating profit 18.3 18.7 18.4 17.6 19.5 20.3 21.7 21.7 21.7 22.4 Depreciation, amortisation and impairments 8.9 9.5 10.5 11.2 11.7 12.5 13.1 13.0 14.3 14.5 EBITDA 27.2 28.3 28.9 28.7 31.2 32.9 34.8 34.7 36.0 36.9 Share-based payments 0.2 0.5 0.3 0.4 0.3 0.5 0.4 0.2 0.3 0.1 Increase/(decrease) in provision for onerous lease contracts ‒ (0.8) ‒ ‒ (0.1) ‒ (0.1) ‒ ‒ ‒ Income from sub-leases on unused data centre sites (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.0) Adjusted EBITDA 27.3 27.9 29.2 29.0 31.4 33.2 34.9 34.8 36.2 36.9   ROE Operating profit 11.5 11.8 11.9 12.6 13.3 13.2 13.5 14.4 15.3 15.1 Depreciation, amortisation and impairments 4.3 4.5 4.6 5.1 5.4 5.9 6.1 6.2 6.1 6.4 EBITDA 15.7 16.3 16.5 17.8 18.8 19.1 19.6 20.6 21.4 21.5 Share-based payments 0.1 0.3 0.3 0.3 0.2 0.2 0.2 0.2 0.1 0.1 Adjusted EBITDA 15.8 16.6 16.8 18.1 19.0 19.3 19.8 20.8 21.5 21.6   CORPORATE & OTHER Operating profit/(loss) (9.8) (10.9) (10.4) (11.4) (19.4) 4.2 (13.6) (13.3) (14.1) (13.9) Depreciation, amortisation and impairments 0.8 0.8 0.9 1.0 1.1 1.1 1.1 1.0 1.0 1.1 EBITDA (9.0) (10.0) (9.6) (10.4) (18.3) 5.3 (12.5) (12.3) (13.0) (12.8) Share-based payments 0.4 1.4 0.8 1.7 1.7 1.1 1.1 1.1 1.0 1.1 M&A transaction costs ‒ ‒ ‒ 0.3 6.9 3.9 0.5 0.6 0.2 0.5 M&A transaction break fee income ‒ ‒ ‒ ‒ ‒ (20.9) ‒ ‒ ‒ ‒ Adjusted EBITDA (8.5) (8.7) (8.7) (8.4) (9.7) (10.6) (11.0) (10.7) (11.8) (11.2) NON-IFRS RECONCILIATIONS Note: Figures rounded to nearest net € 0.1 Million. Totals may not add due to rounding.

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Adjusted EBITDA and EBITDA: EBITDA is defined as net profit plus income tax expense, net finance expense, depreciation, amortisation and impairment of assets. We define adjusted EBITDA as EBITDA adjusted for share-based payments, income or expense related to the evaluation and execution of potential mergers or acquisitions and adjustments related to terminated and unused datacentre sites. In certain circumstances, we may also adjust for gains or losses that management believes are not representative of our current ongoing performance. Examples of this would include: adjusting for the cumulative effect of a change in accounting principle or estimate, impairment losses, litigation gains and losses or windfall gains and losses (e.g., Dutch crisis wage tax, IPO transaction costs) Adjusted diluted earnings per share: Adjusted diluted earnings per share amounts are determined on adjusted net profit Adjusted net profit: We define adjusted net profit as net profit adjusted to exclude income or expense related to the evaluation and execution of potential mergers or acquisitions, adjustments to provisions which are not reflective of our ongoing performance, and adjustments related to capitalised interest. In certain circumstances, we may also adjust for gains or losses that management believes are not representative of our current ongoing performance. Examples of this would include: adjusting for the cumulative effect of a change in accounting principle or estimate, impairment losses, litigation gains and losses or windfall gains and losses (e.g., Dutch crisis wage tax, IPO transaction costs) Big 4: France, Germany, the Netherlands, and the UK CAGR: Compound Annual Growth Rate Capital expenditures including intangible assets: represent payments to acquire property, plant & equipment and intangible assets as recorded on our consolidated statement of cash flows as "Purchase of property, plant and equipment" and "Purchase of intangible assets”, respectively. Investments in intangibles assets include power grid rights and software development Cash ROGIC: Cash Return on Gross Invested Capital (Cash ROGIC) defined as (Adjusted EBITDA less maintenance and other capex) divided by {Average of opening and closing (gross PP&E plus gross intangible assets plus gross goodwill)} Corporate and Other: Unallocated items comprised of mainly general and administrative expenses, assets and liabilities associated with our headquarters operations, provisions for onerous contracts (relating to the discounted amount of future losses expected to be incurred in respect of unused data centre sites over the term of the relevant leases) and revenue and expenses related to those onerous contracts, loans and borrowings and related expenses and income tax assets and liabilities CDNs: Content Distribution Networks Churn: contracted Monthly Recurring Revenue which came to an end during the month as a percentage of the total contracted Monthly Recurring Revenue at the beginning of the month Customer Available Power: the current installed electrical customer capacity Equipped Space: the amount of data centre space that, on the relevant date, is equipped and either sold or could be sold, without making any significant additional investments to common infrastructure Definitions

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IAAS: Infrastructure as a Service LTM: Last Twelve Months ended 30 June 2016, unless otherwise noted MW: Megawatts PAAS: Platform as a Service SAAS: Software as a Service SQM: Square metres Recurring ARPU: Monthly recurring revenue per square metre calculated as {reported recurring revenue in the quarter divided by 3} divided by {sum of prior and current quarter end reported revenue generating space divided by 2} Recurring Revenue: revenue that is incurred from colocation and associated power charges, office space, amortised set-up fees, cross-connects and certain recurring managed services (but excluding any ad hoc managed services) provided by us directly or through third parties. Rents received for the sublease of unused sites are excluded Rest of Europe / ROE: Austria, Belgium, Denmark, Ireland, Spain, Sweden, and Switzerland Revenue Generating Space: the amount of Equipped Space that is under contract and billed on the relevant date Utilisation Rate: on the relevant date, Revenue Generating Space as a percentage of Equipped Space. Some Equipped Space is not fully utilised due to customers' specific requirements regarding the layout of their equipment. In practice, therefore, Utilisation Rate does not reach 100% YTM: Yield to maturity Definitions (cont’d)

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Investor Relations Contact Jim Huseby VP - Investor Relations +1-813-644-9399 [email protected]

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