Brief: NEXTDC Updates On M3 Melbourne Power Delay & Revised FY27 Guidance

NEXTDC

Wed 02:10

Oct 21 (Reuters) - NEXTDC Limited NXT.AX:
ASX ALERT-M3 MELBOURNE POWER DELAY & REVISED FY27 GUIDANCE
NEXT INCREASE IN GRID SUPPLY TO M3 MELBOURNE EXPECTED IN FY28
REVISES FY27 NET REVENUE GUIDANCE TO A$475 MILLION-A$500 MILLION
REVISES FY27 UNDERLYING EBITDA GUIDANCE TO A$245 MILLION-A$265 MILLION
REVISES FY27 CAPITAL EXPENDITURE GUIDANCE TO A$4,500 MILLION-A$5,000 MILLION
BOARD TO EVALUATE CAPITAL RECYCLING INCLUDING POTENTIAL SALE OF DEVELOPMENT SITES
REMAINS IN COMPLIANCE WITH FINANCIAL COVENANTS; EARLIEST DEBT MATURITY DEC 2029
REVISION PRIMARILY REFLECTS DELAYS TO ELECTRICITY NETWORK WORKS BY JEMENA ELECTRICITY NETWORKS
JEMENA HAS ADVISED NEXTDC THAT IT HAS SUSPENDED PARTS OF  WORKS BECAUSE OF COMMUNITY AND STAKEHOLDER OPPOSITION
HAVE TAKEN AFFECTED M3 CONTRACTS OUT OF FY27 GUIDANCE UNTIL WE CAN RELIABLY ESTIMATE THEIR CONTRIBUTION
PUT ALL NEW DEVELOPMENT PROJECTS AND LAND  ACQUISITIONS ON HOLD FOR FORESEEABLE FUTURE
Further company coverage: NXT.AX

 ((Reuters.Briefs@thomsonreuters.com;))