GDS Holdings Limited ($GDS) Q1 2023 Earnings Call Summary

GDS Holdings Limited ($GDS) Q1 2023 Earnings Call Summary

Posted: 1 week, 2 days ago // May 25, 2023 3:20 p.m. UTC

Here is a summary of GDS Holdings Limited's Q1 2023 earnings call, which took place on May 25:

- GDS Holdings has set different priorities for its mainland China and international businesses.

- Priority in mainland China is to deliver its RMB6 billion backlog to drive revenue growth.

- New projects will only be initiated if there is committed demand with a confirmed moving schedule.

- In international business, GDS Holdings aims to create significant additional value and anchor projects with orders from home market customers.

- The company plans to build a standalone business under its international holding company headquartered in Singapore while maximizing synergies with GDS mainland China.

- CEO plans to purchase $1 million in ADS and sustain his ownership percentage above new schedule if AGM proposal passes.

- The company aims for mid-teens EBITDA CAGR in mainland China and to become free cash flow positive within 3 years.

- International business will pursue a low-risk investment strategy and aim to contribute over 10% of consolidated adjusted EBITDA within 3 years.

- The company plans to leverage its product, supply chain, and customer platform to drive synergy between its advantage business and mainland China business.

- The objective is to shorten the lead time from investment to completion to less than two years.

This is an AI generated summary. There may be inaccuracies.

Relevant tickers: GDS