EX-99.1 2 dex991.htm PRESENTATION SLIDES Presentation slides
Investor Presentation
NASDAQ: EQIX
December 2, 2009
Filed by Equinix, Inc.
Pursuant to Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
of the Securities Exchange Act of 1934
Subject Company: Switch & Data Facilities Company, Inc.
(Commission File No. 001-33302)
Exhibit 99.1


2
Public Disclosure Statement
Except for historical information, our presentation today contains forward-looking
statements
which
include
words
such
as
“believe”,
“anticipate”
and
“expect”.
These
forward-looking statements involve risks and uncertainties that may cause Equinix’s
actual results to differ materially from those expressed or implied by these statements. 
Factors
that
may
affect
Equinix’s
results
are
summarized
in
our
annual
report
on
Form
10-K filed February 26, 2009, and quarterly report on Form 10-Q filed on October 26,
2009.
Equinix
assumes
no
obligation
and
does
not
intend
to
update
forward-looking
statements made in this presentation.
FORWARD -
LOOKING
STATEMENTS


Switch & Data Acquisition:
Terms & Rationale
3
o
ANNOUNCED: October 21, 2009
o
PURCHASE PRICE: $689M equity value at time of signing (Oct. 20, ‘09)
o
CONSIDERATION: 80% EQIX stock and 20% cash
o
CLOSING: Expected Q1 2010
TRANSACTION
TERMS
o
NEW MARKETS: Presence in Top 10 North American internet hubs i.e.
Atlanta, Denver, Miami, Seattle & Toronto
o
IBX CAPACITY: Incremental capacity in constrained overlap markets
e.g. Dallas
o
INTERCONNECTION: Increased network density in key North American
metros
o
SYNERGIES: Annual run rate operating synergies estimated at
approximately $20M
o
FINANCIAL BENEFITS: Potential tax (NOLs) and interest (re-financing)
efficiencies
STRATEGIC
RATIONALE


Equinix + Switch & Data:
Enhanced North American Platform
4
AP
EQUINIX
(Global)
SWITCH & DATA
(North America)
PRO FORMA
(Global)
22
34
> 1M
18
45
> 5M
34
79
> 6M
METRIC
MARKETS
DATA CENTERS
GROSS SQ. FT.
Presence in 9 of the top 10 markets / internet hubs in North America
Chicago
Los Angeles
New York
Area
Dallas/Irving
Silicon Valley
Washington, D.C.
Phoenix
Denver
Miami
Tampa
Atlanta
Indianapolis
Boston
Detroit
Buffalo
Cleveland
Philadelphia
Pittsburgh
Nashville
Seattle
Toronto
St. Louis
Equinix
Switch and Data
EU


9/30/2009
$M
EQIX
S&D
ADJ
COMB
Cash & Cash Equivalents
627
$         
23
$           
(283)
$        
367
$         
Total Assets
2,963
        
393
           
274
           
3,630
        
Total Debt
1,499
        
203
           
(143)
          
1,559
        
Net Debt
872
           
180
           
141
           
1,192
        
Net Debt / LQA ADJ EBITDA
2.1x
2.1x
-
            
2.3x
Q3 '09
$M
EQIX
S&D
ADJ
COMB
REVENUES
228
$         
54
$           
-
$          
281
$         
Contribution
81%
19%
-
            
100%
ADJUSTED EBITDA
106
           
21
             
-
            
127
           
Contribution
83%
17%
-
            
100%
Equinix + Switch & Data:
Increased Financial Scale
5
EQUINIX + SWITCH & DATA PRO FORMA FINANCIALS
(1)
9/30/09 Pro Forma balance sheet data based on proxy statement and proxy filed on November 25, 2009. 
(2)
Equinix and Switch and Data define adjusted EBITDA differently.
For example, Switch and Data excludes deferred rent from their calculation.  You should
refer to Equinix’s and Switch and Data’s Form 8-K filed on October 21, 2009 and October 27, 2009, respectively, for these results and their differences.
(1)
(2)
(2)


6
This
communication
may
be
deemed
to
be
solicitation
material
in
respect
of
the
proposed
transaction
between
Equinix
and
Switch
and
Data.
On
November
25,
2009,
in
connection
with
the
proposed
transaction
involving
Equinix
and
Switch
and
Data, Equinix
filed with the SEC a Registration Statement on Form S-4 containing a Proxy Statement/Prospectus and each
of Equinix
and Switch and Data plan to file with the SEC other documents regarding the proposed transaction.  The
definitive
Proxy
Statement/Prospectus
will
be
mailed
to
stockholders
of
Switch
and
Data.
SWITCH
AND
DATA
STOCKHOLDERS ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS
FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL
CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.
Switch and Data stockholders will be able to obtain free copies of the Registration Statement and the Proxy
Statement/Prospectus
(when
available)
and
other
documents
filed
with
the
SEC
by
Equinix
and
Switch
and
Data
through
the website maintained by the SEC at www.sec.gov.  In addition, Switch and Data stockholders will be able to obtain free
copies of the Registration Statement and the Proxy Statement/Prospectus (when available) and other documents filed with
the SEC from Equinix
by directing a request to Equinix, Inc., 301 Velocity Way, Fifth Floor, Foster City, CA 94404, Attention:
Investor
Relations
(telephone:
888-222-1162)
or
going
to
Equinix’s
corporate
website
at
www.equinix.com,
or
from
Switch
and
Data
by
directing
a
request
to
Switch
&
Data
Facilities
Company,
Inc.,
1715
Westshore
Boulevard,
Suite
650,
Tampa,
FL 33607, Attention: Investor Relations (telephone: 866-797-2633) or going to Switch and Data’s corporate website at
www.switchanddata.com.
Equinix, Switch and Data and their respective directors and executive officers may be deemed to be participants in the
solicitation
of
proxies
in
respect
of
the
proposed
transaction.
Information
regarding
Equinix’s
directors
and
executive
officers
is
contained
in
its
annual
proxy
statement
filed
with
the
SEC
on
April
23,
2009.
Information
regarding
Switch
and
Data’s directors and executive officers is contained in Switch and Data’s annual proxy statement filed with the SEC on April
6, 2009.
Additional
information
regarding
the
interests
of
such
potential
participants
will
be
included
in
the
Proxy
Statement/Prospectus
and
the
other
relevant
documents
filed
with
the
SEC
(when
available).
Important Information for Investors &
Stockholders