INXN InterXion Holding NV

Consistent Execution Delivers Solid Financial and Operating Performance

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 2015.

Financial Highlights

• Revenue increased by 14% to €95.4 million (2Q 2014: €83.6 million).
• Adjusted EBITDA1 increased by 17% to €42.0 million (2Q 2014: €35.9 million).
• Adjusted EBITDA margin increased to 44.0% (2Q 2014: 42.9%).
• Net profit increased to €21.6 million (2Q 2014: €8.3 million).
• Adjusted net profit1 increased to €8.3 million (2Q 2014: €7.6 million).
• Earnings per diluted share were €0.31 (2Q 2014: €0.12).
• Adjusted earnings per diluted share1 were €0.12 (2Q 2014: €0.11).
• Capital Expenditures, including intangible assets2, were €47.8 million (2Q 2014: €54.4 million).

Operating Highlights

• Equipped Space increased by 3,500 square metres to 98,300 square metres.
• Revenue Generating Space increased by 3,100 square metres to 77,100 square metres.
• Utilisation Rate at the end of the quarter was 78%.
• Opened new data centre in Stockholm; completed expansion projects in Amsterdam, Dusseldorf and Vienna during the quarter. Completed Marseille expansion early in the third quarter.
• Announced today the build of a new data centre in Dusseldorf (DUS2).

“Interxion produced another solid quarter of financial and operational performance, a further validation of our market and product strategies and the impact of those in assisting our customers in creating value for their business,” said David Ruberg, Interxion’s Chief Executive Officer. “Our disciplined, customer-led investment approach coupled with strong demand helped drive solid year-over-year revenue growth and margin expansion. We strengthened our market position by installing key magnetic customers, particularly in the cloud segment, and continued to grow our communities of interest across our pan-European footprint.”

Quarterly Review

Revenue in the second quarter of 2015 was €95.4 million, a 14% increase over the second quarter of 2014 and a 3% increase over the first quarter of 2015. Recurring revenue was €90.3 million, a 15% increase over the second quarter of 2014 and a 4% increase over the first quarter of 2015. Recurring revenue in the quarter was 95% of total revenue.

Cost of sales in the second quarter of 2015 was €37.7 million, an 11% increase over the second quarter of 2014 and a 4% increase over the first quarter of 2015.

Gross profit was €57.8 million in the second quarter of 2015, a 16% increase over the second quarter of 2014 and a 3% increase over the first quarter of 2015. Gross profit margin was 60.5% in the second quarter of 2015 compared to 59.4% in the second quarter of 2014 and 60.8% in the first quarter of 2015.

Sales and marketing costs in the second quarter of 2015 were €7.2 million, a 16% increase over the second quarter of 2014 and an 8% increase over the first quarter of 2015.

Other general and administrative costs were €8.5 million in the second quarter of 2015, a 13% increase over the second quarter of 2014 and a 4% decrease from the first quarter of 2015. Other general and administrative costs exclude depreciation, amortisation, impairments, share based payments, M&A transaction related costs and increase/decrease in provision for onerous lease contracts.

Adjusted EBITDA for the second quarter of 2015 was €42.0 million, a 17% increase over the second quarter of 2014 and a 4% increase over the first quarter of 2015. Adjusted EBITDA margin was 44.0% in the second quarter of 2015 compared to 42.9% in the second quarter of 2014 and 43.9% in the first quarter of 2015.

Depreciation, amortisation, and impairments in the second quarter of 2015 was €19.6 million, an increase of 32% over the second quarter of 2014 and a 7% increase over the first quarter of 2015.

Operating profit in the second quarter of 2015 was €37.7 million, compared to €19.7 million in the second quarter of 2014 and €13.4 million in the first quarter of 2015. Interxion received a £15 million (€20.9 million) payment in the second quarter of 2015 relating to the termination of Interxion’s implementation agreement with TelecityGroup. M&A transaction costs in the second quarter of 2015 relating to this transaction were €3.9 million. Excluding transaction related items, operating profit was €20.7 million in the second quarter of 2015, an increase of 5% over the second quarter of 2014 and an increase of 2% over the first quarter of 2015.

Net finance costs for the second quarter of 2015 were €7.9 million, a 6% increase over the second quarter of 2014, and a 21% increase over the first quarter of 2015.

Income tax expense for the second quarter of 2015 was €8.2 million, compared to €3.9 million in the second quarter of 2014, and €2.4 million in the first quarter of 2015.

Net profit was €21.6 million in the second quarter of 2015, compared to €8.3 million in the second quarter of 2014, and €4.4 million in the first quarter of 2015.

Adjusted net profit was €8.3 million in the second quarter of 2015, a 9% increase over the second quarter of 2014, and a 7% decrease from the first quarter of 2015.

Cash generated from operations, defined as cash generated from operating activities before interest and corporate income tax payments and receipts, was €54.1 million in the second quarter of 2015, compared to €26.9 million in the second quarter of 2014, and €34.2 million in the first quarter of 2015. The cash generated from operations in the second quarter of 2015 included the receipt of the £15 million (€20.9 million) payment related to the termination of the implementation agreement.

Capital expenditures, including intangible assets, were €47.8 million in the second quarter of 2015 compared to €54.4 million in the second quarter of 2014 and €67.6 million in the first quarter of 2015.

Cash and cash equivalents were €57.1 million at 30 June 2015, compared to €99.9 million at year end 2014. Total borrowings, net of deferred revolving facility financing fees, were €541.2 million at 30 June 2015 compared to €560.6 million at year end 2014. As of 30 June 2015, the company’s revolving credit facility was undrawn.

Equipped space at the end of the second quarter of 2015 was 98,300 square metres compared to 86,000 square metres at the end of the second quarter of 2014 and 94,800 square metres at the end of the first quarter of 2015. Utilisation rate, the ratio of revenue-generating space to equipped space, was 78% at the end of the second quarter of 2015, compared with 75% at the end of the second quarter of 2014 and 78% at the end of the first quarter of 2015.

New data centre in Dusseldorf announced today

In response to continued customer demand, Interxion will build its second data centre in Dusseldorf (“DUS2”), its twelfth data centre in Germany. DUS2 will provide approximately 1,200 square metres of Equipped Space in two phases, with a total of approximately 2MW of customer available power. The first phase with approximately 600 square metres of equipped space is scheduled to open in the first quarter of 2016.

The capital expenditures associated with the first phase of DUS2 are expected to be approximately €13 million. DUS2 will be located in the same campus as Interxion’s existing DUS1 facility, providing access to its communities of interest, including nearly 80 carriers and ISPs, as well as the DE-CIX and ECIX internet exchanges.

“Interxion is well positioned to capitalize on strong demand in Germany due to our leading connectivity position in both Frankfurt and Dusseldorf,” said David Ruberg, Interxion’s Chief Executive Officer. “DUS2 will provide additional capacity to service the growing demand we are experiencing in Dusseldorf across multiple segments, including Digital Media, Enterprise, and Connectivity.”

Business Outlook

Interxion today reaffirms its guidance for its expected results for full year 2015:

Revenue   €375 million – €388 million Adjusted EBITDA €162 million – €172 million Capital expenditures (including intangibles) €180 million – €200 million  

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 Interxion’s second quarter 2015 results.

To participate on this call, U.S. callers may dial toll free 1-866-966-1396; callers outside the U.S. may dial direct +44 (0) 2071 928 000. 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 12 August 2015. 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 69672463.

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.

Use of Non-IFRS Information

EBITDA is defined as operating profit plus depreciation, amortisation and impairment of assets. We define Adjusted EBITDA as EBITDA adjusted to exclude share-based payments, increase/decrease in provision for onerous lease contracts, M&A transaction related costs and break fee income, and income from sub-leases on unused data centre sites. Adjusted EBITDA margin is defined as Adjusted EBITDA as a percentage of revenue. We present EBITDA, Adjusted EBITDA and Adjusted EBITDA margin as additional information because we understand that they are measures used by certain investors and because they are used in our financial covenants in the €100 million revolving facility and €475 million 6.00% Senior Secured Notes due 2020. A reconciliation from Net profit to EBITDA and EBITDA to Adjusted EBITDA is provided in the notes to our consolidated interim income statement included elsewhere in this interim report.

Adjusted net profit is defined as Net profit excluding the impact of refinancing charges, M&A transaction related costs and break fee income, adjustments to onerous lease, interest capitalised, and the related corporate income tax effect.

Other companies may, however, present EBITDA, Adjusted EBITDA, Adjusted EBITDA margin and Adjusted net profit differently than we do. EBITDA, Adjusted EBITDA, Adjusted EBITDA margin and Adjusted net profit 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 net income as indicators of our operating performance or any other measure of performance derived in accordance with IFRS. Interxion does not provide forward-looking estimates of Net profit, Operating profit, depreciation, amortisation, and impairments, share-based payments, transaction costs or increase/decrease in provision for onerous lease contracts, and income from sub-leases on 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.

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 40 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 500 connectivity providers, 20 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.

1 Adjusted EBITDA, Adjusted net profit, and Adjusted earnings per diluted share are non-IFRS figures intended to adjust for unusual items. Full definitions can be found in the “Use of non-IFRS information” section later in this press release. Reconciliations of Adjusted EBITDA and Adjusted net profit to Net profit can be found in the financial tables later in this press release.

2 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.

        INTERXION HOLDING NV CONSOLIDATED INCOME STATEMENT (in €'000 ― except per share data and where stated otherwise) (unaudited)   Three Months Ended Six Months Ended 30 Jun 30 Jun 30 Jun 30 Jun 2015 2014 2015 2014   Revenue 95,449 83,646 187,931 164,256 Cost of sales (37,663 ) (33,998 ) (73,945 ) (66,576 ) Gross profit 57,786 49,648 113,986 97,680 Other income 20,997 50 21,060 110 Sales and marketing costs (7,210 ) (6,215 ) (13,889 ) (12,095 ) General and administrative costs (33,824 ) (23,757 ) (69,983 ) (45,988 )                 Operating profit 37,749 19,726 51,174 39,707 Net finance expense (7,946 ) (7,488 ) (14,531 ) (12,889 )                 Profit before taxation 29,803 12,238 36,643 26,818 Income tax expense (8,216 ) (3,916 ) (10,631 ) (8,137 ) Net profit 21,587   8,322   26,012   18,681     Basic earnings per share: (€) 0.31 0.12 0.37 0.27 Diluted earnings per share: (€) 0.31 0.12 0.37 0.27     Number of shares outstanding at the end of the period (shares in thousands) 69,575 69,029 69,575 69,029 Weighted average number of shares for Basic EPS (shares in thousands) 69,562 68,962 69,478 68,917 Weighted average number of shares for Diluted EPS (shares in thousands) 70,609 69,773 70,573 69,708         As at 30 Jun 30 Jun Capacity metrics 2015 2014 Equipped space (in square meters) 98,300 86,000 Revenue generating space (in square meters) 77,100 64,300 Utilisation rate 78 % 75 %           INTERXION HOLDING NV NOTES TO CONSOLIDATED INCOME STATEMENT: SEGMENT INFORMATION (in €'000 ― except where stated otherwise) (unaudited)   Three Months Ended Six Months Ended 30 Jun 30 Jun 30 Jun 30 Jun 2015 2014 2015 2014 Consolidated   Recurring revenue 90,297 78,732 177,348 154,603 Non-recurring revenue 5,152   4,914   10,583   9,653   Revenue 95,449   83,646   187,931   164,256   Adjusted EBITDA 42,029   35,866   82,634   70,411   Gross profit margin 60.5 % 59.4 % 60.7 % 59.5 % Adjusted EBITDA margin 44.0 % 42.9 % 44.0 % 42.9 %   Total assets 1,211,968 1,105,515 1,211,968 1,105,515 Total liabilities 729,019 693,538 729,019 693,538 Capital expenditure, including intangible assets (a) (47,835 ) (54,410 ) (115,405 ) (111,415 )   France, Germany, the Netherlands, and the UK   Recurring revenue 57,321 49,339 112,304 96,979 Non-recurring revenue 2,995   2,871   6,622   6,003   Revenue 60,316   52,210   118,926   102,982   Adjusted EBITDA 33,248   27,888   64,618   55,182   Gross profit margin 62.6 % 61.2 % 62.3 % 61.5 % Adjusted EBITDA margin 55.1 % 53.4 % 54.3 % 53.6 %   Total assets 836,429 701,196 836,429 701,196 Total liabilities 177,916 144,040 177,916 144,040 Capital expenditure, including intangible assets (a) (36,545 ) (35,581 ) (70,311 ) (79,173 )   Rest of Europe   Recurring revenue 32,976 29,393 65,044 57,624 Non-recurring revenue 2,157   2,043   3,961   3,650   Revenue 35,133   31,436   69,005   61,274   Adjusted EBITDA 19,342   16,633   38,320   32,431   Gross profit margin 63.6 % 62.3 % 64.1 % 62.2 % Adjusted EBITDA margin 55.1 % 52.9 % 55.5 % 52.9 %   Total assets 314,422 248,112 314,422 248,112 Total liabilities 57,932 50,891 57,932 50,891 Capital expenditure, including intangible assets (a) (10,289 ) (17,269 ) (43,414 ) (29,952 )   Corporate and other                 Adjusted EBITDA (10,561 ) (8,655 ) (20,304 ) (17,202 )   Total assets 61,117 156,207 61,117 156,207 Total liabilities 493,171 498,607 493,171 498,607 Capital expenditure, including intangible assets (a) (1,001 ) (1,560 ) (1,680 ) (2,290 )  

(a) Capital expenditure, including intangible assets, represents 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.

          INTERXION HOLDING NV NOTES TO CONSOLIDATED INCOME STATEMENT: ADJUSTED EBITDA RECONCILIATION (in €'000 ― except where stated otherwise) (unaudited)   Three Months Ended Six Months Ended 30 Jun 30 Jun 30 Jun 30 Jun 2015 2014 2015 2014 Reconciliation to Adjusted EBITDA   Consolidated   Net profit 21,587 8,322 26,012 18,681 Income tax expense 8,216   3,916   10,631   8,137   Profit before taxation 29,803 12,238 36,643 26,818 Net finance expense 7,946   7,488   14,531   12,889   Operating profit 37,749 19,726 51,174 39,707 Depreciation, amortisation and impairments 19,577   14,864   37,792   28,845   EBITDA 57,326 34,590 88,966 68,552 Share-based payments 1,789 2,131 4,030 2,774 Increase/(decrease) in provision for onerous lease contracts - (805 ) (100 ) (805 ) M&A transaction break fee income (a) (20,923 ) - (20,923 ) - M&A transaction costs (b) 3,911 - 10,798 - Income from sub-leases on unused data centre sites (74 ) (50 ) (137 ) (110 ) Adjusted EBITDA 42,029   35,866   82,634   70,411     France, Germany, the Netherlands, and the UK   Operating profit 20,319 18,748 39,802 37,032 Depreciation, amortisation and impairments 12,544   9,521   24,261   18,440   EBITDA 32,863 28,269 64,063 55,472 Share-based payments 459 474 792 625 Increase/(decrease) in provision for onerous lease contracts - (805 ) (100 ) (805 ) Income from sub-leases on unused data centre sites (74 ) (50 ) (137 ) (110 ) Adjusted EBITDA 33,248   27,888   64,618   55,182     Rest of Europe   Operating profit 13,206 11,833 26,553 23,301 Depreciation, amortisation and impairments 5,927   4,496   11,362   8,776   EBITDA 19,133 16,329 37,915 32,077 Share-based payments 209   304   405   354   Adjusted EBITDA 19,342   16,633   38,320   32,431     Corporate and Other   Operating profit/(loss) 4,224 (10,855 ) (15,181 ) (20,626 ) Depreciation, amortisation and impairments 1,106   847   2,169   1,629   EBITDA 5,330 (10,008 ) (13,012 ) (18,997 ) Share-based payments 1,121 1,353 2,833 1,795 M&A transaction break fee income (a) (20,923 ) - (20,923 ) - M&A transaction costs (b) 3,911   -   10,798   -   Adjusted EBITDA (10,561 ) (8,655 ) (20,304 ) (17,202 )  

(a) On 9 March 2015 the Company signed the definitive agreement on an all-share merger with TelecityGroup plc (“Implementation Agreement”) on the terms as announced on 11 February 2015. Following termination on 29 May 2015 of the Implementation Agreement, the Company received a cash break-up fee of £15 million from TelecityGroup which is reported as “Other income”.

(b) M&A transaction costs represent expenses associated with the Implementation Agreement and its subsequent partial termination on 29 May 2015.       INTERXION HOLDING NV CONSOLIDATED BALANCE SHEET (in €'000 ― except where stated otherwise) (unaudited)   As at 30 Jun 31 Dec 2015 2014 Non-current assets Property, plant and equipment 965,674 895,184 Intangible assets 21,390 18,996 Deferred tax assets 25,670 30,064 Financial assets 774 774 Other non-current assets 10,074   5,750   1,023,582 950,768 Current assets Trade and other current assets 131,288 120,762 Short term investments - 1,650 Cash and cash equivalents 57,098   99,923   188,386   222,335   Total assets 1,211,968   1,173,103     Shareholders’ equity Share capital 6,957 6,932 Share premium 500,984 495,109 Foreign currency translation reserve 25,259 10,440 Hedging reserve, net of tax (174 ) (247 ) Accumulated deficit (50,077 ) (76,089 ) 482,949 436,145 Non-current liabilities Trade payables and other liabilities 13,365 12,211 Deferred tax liabilities 9,742 7,029 Provision for onerous lease contracts 251 1,491 Borrowings 539,707   540,530   563,065 561,261 Current liabilities Trade payables and other liabilities 155,409 146,502 Income tax liabilities 5,219 4,690 Provision for onerous lease contracts 2,980 3,443 Borrowings 2,346   21,062   165,954   175,697   Total liabilities 729,019   736,958   Total liabilities and shareholders’ equity 1,211,968   1,173,103         INTERXION HOLDING NV NOTES TO THE CONSOLIDATED BALANCE SHEET: BORROWINGS (in €'000 ― except where stated otherwise) (unaudited)   As at 30 Jun 31 Dec 2015 2014 Borrowings net of cash and cash equivalents   Cash and cash equivalents (a) 57,098   99,923     6.00% Senior Secured Notes due 2020 (b) 475,573 475,643 Mortgages 30,487 31,487 Financial leases 34,388 52,857 Other borrowings 1,605   1,605   Borrowings excluding Revolving Facility deferred financing costs 542,053   561,592   Revolving Facility deferred financing costs (c) (853 ) (995 ) Total borrowings 541,200   560,597           Borrowings net of cash and cash equivalents 484,102   460,674    

(a) Cash and cash equivalents include €4.3 million as of 30 June 2015 and €7.1 million as of 31 December 2014, which is restricted and held as collateral to support the issuance of bank guarantees on behalf of a number of subsidiary companies.

(b) €475 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 €0.9 million as of 30 June 2015 were incurred in connection with the €100 million revolving facility.           INTERXION HOLDING NV CONSOLIDATED STATEMENT OF CASH FLOWS (in €'000 ― except where stated otherwise) (unaudited)   Three Months Ended Six Months Ended 30 Jun 30 Jun 30 Jun 30 Jun 2015 2014 2015 2014 Profit for the period 21,587 8,322 26,012 18,681 Depreciation, amortisation and impairments 19,577 14,864 37,792 28,845 Provision for onerous lease contracts (849 ) (1,635 ) (1,774 ) (2,454 ) Share-based payments 1,789 2,131 4,030 2,774 Net finance expense 7,946 7,488 14,531 12,889 Income tax expense 8,216   3,916   10,631   8,137   58,266 35,086 91,222 68,872 Movements in trade and other current assets (7,734 ) (10,429 ) (9,365 ) (11,229 ) Movements in trade and other liabilities 3,609   2,289   6,483   3,595   Cash generated from operations 54,141 26,946 88,340 61,238 Interest and fees paid (a) (1,448 ) (1,235 ) (15,022 ) (12,061 ) Interest received 31 57 80 124 Income tax paid (2,740 ) (1,843 ) (5,060 ) (2,201 ) Net cash flows from operating activities 49,984 23,925 68,338 47,100 Cash flows from investing activities Purchase of property, plant and equipment (46,911 ) (53,634 ) (112,229 ) (110,025 ) Purchase of intangible assets (924 ) (776 ) (3,176 ) (1,390 ) Movement in short-term investments 1,650   -   1,650   -   Net cash flows from investing activities (46,185 ) (54,410 ) (113,755 ) (111,415 ) Cash flows from financing activities Proceeds from exercised options 230 1,146 2,408 1,402 Proceeds from mortgages - 9,185 - 9,185 Repayment of mortgages (720 ) (567 ) (1,040 ) (734 ) Proceeds revolving facility - - - 30,000 Repayments revolving facility - (30,000 ) - (30,000 ) Proceeds 6.00% Senior Secured Notes due 2020 - 158,382 - 158,382 Interest received at issue of Additional Notes - 2,600 - 2,600 Transaction costs related to senior secured facility - (371 ) - (371 ) Repayment of other borrowings -   (12 ) -   (23 ) Net cash flows from financing activities (490 ) 140,363 1,368 170,441 Effect of exchange rate changes on cash (193 ) 63   1,224   64   Net movement in cash and cash equivalents 3,116 109,941 (42,825 ) 106,190 Cash and cash equivalents, beginning of period 53,982   41,939   99,923   45,690   Cash and cash equivalents, end of period 57,098   151,880   57,098   151,880     (a) Interest paid is reported net of cash interest capitalized, which is reported as part of “Purchase of property, plant and equipment".           INTERXION HOLDING NV NOTES TO CONSOLIDATED INCOME STATEMENT: ADJUSTED NET PROFIT RECONCILIATION (in € millions ― except per share data and where stated otherwise) (unaudited)   Three Months Ended Six Months Ended 30 Jun 30 Jun 30 Jun 30 Jun 2015 2014 2015 2014 (€ in millions - except per share data)   Net profit - as reported 21.6 8.3 26.0 18.7   Add back + Refinancing charges - 0.6 - 0.6 + M&A transaction costs 3.9   -   10.8   -   3.9 0.6 10.8 0.6 Reverse - M&A transaction break fee income (20.9 ) - (20.9 ) - - Adjustments to onerous lease - (0.8 ) (0.1 ) (0.8 ) - Interest capitalised (0.7 ) (0.8 ) (1.6 ) (1.6 ) (21.6 ) (1.6 ) (22.6 ) (2.4 )   Tax effect of above add backs & reversals 4.4 0.3 3.0 0.5                 Adjusted net profit 8.3   7.6   17.2   17.4     Reported basic EPS: (€) 0.31 0.12 0.37 0.27 Reported diluted EPS: (€) 0.31 0.12 0.37 0.27   Adjusted basic EPS: (€) 0.12 0.11 0.25 0.25 Adjusted diluted EPS: (€) 0.12 0.11 0.24 0.25         INTERXION HOLDING NV Status of Announced Expansion Projects as at 5 August 2015 with Target Open Dates after 1 January 2015  

CAPEX (a) (b)

EquippedSpace (a)

Market   Project   (€million)   (sqm)   Target Opening Dates   Amsterdam AMS 7: Phases 1 - 6 New Build 115 7,600 fully opened Dusseldorf DUS 1: Phase 3 Expansion 3 400 fully opened Dusseldorf DUS 2: Phase 1 New Build 13 600 1Q 2016 Frankfurt FRA 10: Phases 1 - 2 New Build 92 4,800 1H 2016 (c) Madrid MAD 2: Phase 2 Expansion 4 800 3Q 2015 Marseille MRS 1: Phases 1 - 2 20 1,400 4Q 2014 - 3Q 2015(d) Stockholm STO 4: New Build 15 1,100 fully opened Vienna VIE 2: New Build 42 2,800 4Q 2014 - 4Q 2015 (e) Total € 304 19,500   (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) Phases 1 and 2 (1,200 square metres each) are scheduled to become operational in 1H 2016. Construction of phases 3 & 4 (1,200 square metres each) has not yet been announced. (d) Phase 1 (600 square metres) became operational in 4Q 2014. Phase 2 (800 square metres) became available in 3Q 2015. Marseille costs include the purchase of land, buildings, and data centre equipment. (e) In 4Q 2014, 1,300 square metres became operational; in 1Q 2015, 600 square metres became operational; in 2Q 2015, 600 square metres became operational. In 4Q 2015, 300 square metres are scheduled to become operational.

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Interxion Holding NVJim Huseby, +1 813-644-9399Investor RelationsIR@interxion.com