Exhibit 99.3
CYXTERA TECHNOLOGIES, INC.
UNAUDITED SELECTED FINANCIAL DATA
(In millions, except percentages)
| | | Three Months Ended | | | Twelve Months Ended | | | Three Months Ended | | | Twelve Months Ended | |
| | | March 31, 2021 | | | March 31, 2021 | | | March 31, 2020 | | | December 31, 2020 | |
| Financial Position: | | | | | | | | | | | | | | | | |
| Cash and cash equivalents | | $ | 113.6 | | | $ | 113.6 | | | $ | 54.2 | | | $ | 120.7 | |
| Debt | | | | | | | | | | | | | | | | |
| 1st Lien term loan, net | | $ | 872.5 | | | $ | 872.5 | | | $ | 880.3 | | | $ | 874.0 | |
| 2nd Lien term loan, net | | | 304.2 | | | | 304.2 | | | | 302.9 | | | | 303.9 | |
| Revolving loans | | | 142.6 | | | | 142.6 | | | | 143.0 | | | | 142.6 | |
| Capital leases and other financing obligations (1) | | | 976.4 | | | | 976.4 | | | | 957.6 | | | | 989.2 | |
| | | $ | 2,295.8 | | | $ | 2,295.8 | | | $ | 2,283.8 | | | $ | 2,309.6 | |
| Financial Data and Metrics: | | | | | | | | | | | | | | | | |
| Revenue | | $ | 172.9 | | | $ | 690.8 | | | $ | 172.5 | | | $ | 690.5 | |
| Adjusted gross margin (2) | | | 43.3 | % | | | 44.2 | % | | | 44.5 | % | | | 43.5 | % |
| Exit MRR | | $ | 52.6 | | | $ | 52.6 | | | $ | 53.4 | | | $ | 52.9 | |
| Credit Agreement Adjusted EBITDA (3) | | $ | 61.8 | | | $ | 232.9 | | | $ | 60.6 | | | $ | 231.7 | |
| Credit Agreement Adjusted EBITDA % (3) | | | 35.8 | % | | | 33.7 | % | | | 35.1 | % | | | 33.6 | % |
| Utilization | | | 67.2 | % | | | 67.2 | % | | | 67.5 | % | | | 67.2 | % |
| Capital expenditures (accrual basis) | | $ | 13.2 | | | $ | 56.2 | | | $ | 11.7 | | | $ | 54.7 | |
| Net Loss to EBITDA Reconciliation: | | | | | | | | | | | | | | | | |
| Net loss | | $ | (52.6 | ) | | $ | (128.0 | ) | | $ | (47.4 | ) | | $ | (122.8 | ) |
| Depreciation and amortization | | | 60.6 | | | | 235.4 | | | | 57.0 | | | | 231.8 | |
| Impairment of note and other receivables from affiliate | | | - | | | | (104.4 | ) | | | 6.7 | | | | (97.7 | ) |
| Interest and other expenses, net | | | 43.7 | | | | 169.8 | | | | 43.6 | | | | 169.7 | |
| Income tax benefit | | | (12.9 | ) | | | 5.0 | | | | (14.4 | ) | | | 3.5 | |
| EBITDA | | | 38.9 | | | | 177.9 | | | | 45.5 | | | | 184.5 | |
| Credit Agreement Adjustments | | | 22.9 | | | | 55.0 | | | | 15.1 | | | | 47.2 | |
| Credit Agreement Adjusted EBITDA (3) | | $ | 61.8 | | | $ | 232.9 | | | $ | 60.6 | | | $ | 231.7 | |
| Rent (net of Adjustments) | | | 14.6 | | | | 64.4 | | | | 16.4 | | | | 66.1 | |
| Credit Agreement Adjusted EBITDAR | | $ | 76.5 | | | $ | 297.3 | | | $ | 77.0 | | | $ | 297.8 | |
| Credit Agreement EBITDA adjustments: | | | | | | | | | | | | | | | | |
| Recurring: | | | | | | | | | | | | | | | | |
| Bonus on a cash basis adjustment | | $ | - | | | $ | 1.7 | | | $ | 0.5 | | | $ | 2.3 | |
| Straight-line rent adjustment | | | 1.1 | | | | 3.3 | | | | 0.8 | | | | 2.9 | |
| ASC 606 impact on costs: | | | | | | | | | | | | | | | | |
| Sales commissions | | | 1.4 | | | | (1.4 | ) | | | 0.5 | | | | (2.3 | ) |
| Capitalized labor for Installations | | | 0.3 | | | | 0.9 | | | | (0.1 | ) | | | 0.5 | |
| Equity-based compensation | | | 1.8 | | | | 7.2 | | | | 2.0 | | | | 7.4 | |
| Other | | | 0.9 | | | | 4.4 | | | | 1.3 | | | | 4.8 | |
| | | | 5.6 | | | | 16.1 | | | | 5.0 | | | | 15.5 | |
| Standup, separation, and out of period adjustments | | | 3.5 | | | | 11.3 | | | | 3.3 | | | | 11.1 | |
| Restructuring, cost savings and growth initiatives | | | 13.9 | | | | 27.6 | | | | 6.8 | | | | 20.6 | |
| | | $ | 22.9 | | | $ | 55.0 | | | $ | 15.1 | | | $ | 47.2 | |
Notes:
| 1) | Other financing obligations includes a $0.2M Promissory Note related to equipment financing. |
| 2) | Adjusted gross margin excludes equity-based compensation. |
| 3) | As defined by our 1st and 2nd lien term loan agreements under "Consolidated EBITDA". |
PRIVATE AND CONFIDENTIAL
