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.
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