Equinix — Oct 30, 2024 release

1 Third-Quarter 2024 Results Summary • Revenues ◦ $2.2 billion, a 2% increase over the previous quarter ◦ Includes a minimal negative foreign currency impact when compared to prior guidance rates • Operating Income ◦ $425 million, lower than the previous quarter due to the Q2 gain on sale of the Silicon Valley 12 xScale (SV12x) asset • Net Income attributable to Common Stockholders and Net Income per Share attributable to Common Stockholders ◦ $297 million, lower than the previous quarter due to the Q2 gain on sale of the SV12x asset ◦ $3.10 per share, lower than the previous quarter • Adjusted EBITDA ◦ $1,048 million, a 1% increase over the previous quarter, and an adjusted EBITDA margin of 48% ◦ Includes a minimal negative foreign currency impact when compared to prior guidance rates and $2 million of integration costs • AFFO and AFFO per Share ◦ $866 million, lower than the previous quarter, due to seasonally higher recurring capital expenditures; partially offset by higher EBITDA flow-through ◦ $9.05 per share, lower than the previous quarter 2024 Annual Guidance Summary • Revenues ◦ $8.748 - $8.788 billion, an increase of approximately 7% over the previous year, or a normalized and constant currency increase of 7 - 8%, excluding the year-over-year impact of the power pass-through ◦ An increase of $36 million compared to prior guidance • Adjusted EBITDA ◦ $4.086 - $4.126 billion, a 47% adjusted EBITDA margin ◦ An increase of $10 million compared to prior guidance ◦ Includes $15 million of integration costs • AFFO and AFFO per Share ◦ $3.338 - $3.378 billion, an increase of 11 - 12% over the previous year, or a normalized and constant currency increase of 11 - 13% ◦ An increase of $18 million compared to prior guidance ◦ $34.81 - $35.22 per share, an increase of 8 - 10% over the previous year, or a normalized and constant currency increase of 9 - 10% Equinix converted the presentation of results from thousands to millions in the first quarter of 2024. Certain rounding adjustments have been made to prior period disclosed amounts. Equinix is not reasonably able to provide forward-looking guidance for certain financial data, such as depreciation, amortization, accretion, stock-based compensation, net income (loss) from operations, cash generated from operating activities and cash used in investing activities, and as a result, is not able to provide a reconciliation of GAAP to non-GAAP financial measures for forward-looking data without unreasonable effort. The impact of such adjustments could be significant. 2 Equinix Quote Adaire Fox-Martin, CEO and President, Equi