GDS Holdings Limited Q2 FY2021 Earnings Call

· Earnings call transcript and AI-powered summary

Business & Strategic Highlights

  • Q2 2021 sales exceeded 44,000 sqm, including 25,000 sqm organic bookings and 19,000 sqm from acquisitions. This maintains the company’s quarterly run rate established in early 2020.
  • Three major hyperscale orders secured, demonstrating competitive strength:
    • LF13: 14 MW expansion from an existing customer in Langfang, showcasing “land and expand” strategy. Over 50,000 sqm of planned MOU commitments not yet in bookings.
    • BJ16: 15 MW first-time deployment from a new cloud provider needing scarce downtown Beijing capacity.
    • CS2: 34 MW first-time deployment from a new large internet customer at the Changshu campus.
  • Management reports stable sales pipeline despite regulatory actions affecting China’s internet sector.
  • Government policies continue to support data center infrastructure as “new infrastructure,” emphasizing Tier 1 edge locations, remote computational centers, energy efficiency, security, and overseas expansion.
  • GDS remains aligned with policy priorities and holds strong supply positions:
    • 500,000+ sqm future development pipeline; ~90% with power quota commitments.
    • Shanghai: 28,000 sqm downtown and 120,000 sqm edge-of-town (Changshu).
    • Beijing: 14,000 sqm downtown and 133,000 sqm edge-of-town (Langfang).

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Operator: Hello, ladies and gentlemen, thank you for standing by for GDS Holdings Limited's Second Quarter 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. After management's prepared remarks, there'll be a question-and-answer session. Today's conference call is being recorded. I will now turn the call over to you host, Ms. Laura Chen, Head of Investor Relations for the Company. Please go ahead, Laura. Laura Chen: Thank you everyone. Welcome to Q2 2021 earnings conference call of GDS Holdings Limited. The Company results were issued via Newswire services earlier today and are posted online. A summary presentation which we will refer to during this conference call can be viewed and downloaded from our website, investors.gds-services.com. Leading today's call is Mr. William Huang, GDS Founder, Chairman and CEO, who will provide an overview of our business strategy and performance. Mr. Dan Newman, GDS CFO, will then review the financial and operating results. Mr. Jamie Khoo, our COO, is also available to answer questions. Before we continue, please note that today's discussion will contain forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, the Company's results may be materially different from the views expressed today. Further information regarding these and other risks and uncertainties

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