Digital realty 2 q17 earnings presentation final

3. •
•
•
▪
▪
•

7. ▪
▪
▪
▪
▪
▪

10. 1Q17 CALL CURRENT Better/
April 26, 2017 July 26, 2017 Worse 2017E 2018E
Global GDP Growth Forecast (1)
2017E: 3.5% 2017E: 3.5% tu 3.5% 3.6%
U.S. GDP Growth Forecast (1)
2017E: 2.3% 2017E: 2.1% q 2.1% 2.1%
U.S. Unemployment Rate (2)
4.5% 4.4% q 4.4% 4.2%
Inflation Rate – U.S. Annual CPI Index (2)
2.4% 1.6% q 2.1% 2.1%
Crude Oil ($/barrel)(3)
$50 $49 q $51 $55
Control of White House, Senate and HoR (4)
R,R,R R,R,R tu R,R,R R,R,R
Three-Month Libor (USD) (2)
1.2% 1.3% p 1.6% 2.3%
10-Yr U.S. Treasury Yield (2)
2.3% 2.3% q 2.6% 3.1%
GBP-USD (2)
1.28 1.31 p 1.28 1.31
EUR-USD (2)
1.09 1.17 p 1.14 1.15
S&P 500 (2)
2,387 (YTD 7.3%); P/E: 21.7x 2,478 (YTD 11.9%); P/E: 21.5x p 19.0x 17.0x
NASDAQ 100 (2)
5,541 (YTD 14.3%); P/E: 26.4x 5,951 (YTD 23.1%); P/E: 26.1x p 21.7x 19.0x
RMZ
(2)(5)
1,162 (YTD 2.4%); P/E: 16.0x 1,169 (YTD 4.0%); P/E: 16.3x p 15.4x N/A
IT Spending Growth Worldwide (6)
2017E: 3.3% 2017E: 3.3% tu 3.3% 3.3%
Server Shipment Worldwide (7)
2017E: 4.6% 2017E: 4.0% q 4.0% 3.2%
Global Data Center to Data Center IP Traffic (8)
CAGR 2015 - 2020E: 32% CAGR 2015 - 2020E: 32% tu CAGR 2015 - 2020E: 32%
Global Cloud IP Traffic (8)
CAGR 2015 - 2020E: 30% CAGR 2015 - 2020E: 30% tu CAGR 2015 - 2020E: 30%

14. ▪
▪
▪
▪
▪

15. USD CAD GBP EURO JPY HKD SGD AUD

16. 4Q16 / 4Q15
Revenue Growth

17. 1Q17A 2Q17A Revenue
Growth
Operating Expense
Seasonality and
Dispositions
Long-Term
Financings
3Q17E 4Q17E

19. •
•
•
•
•
•
•
•
•
•
•
•

21. ✓
✓
✓
✓