Good morning, and welcome to Cyxtera's Q3 2021 earnings conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your touchtone phone. To withdraw your question, please press star then two. Please note this event is being recorded. I'd now like to turn the conference over to Greer Aviv. Please go ahead. Thank you, Grant. Good morning, and welcome to our third quarter 2021 earnings conference call. On today's call, we will refer to materials available on our investor relations website at ir.cyxtera.com. We are joined here today by Nelson Fonseca, our President and CEO, and Carlos Sagasta, our CFO. After prepared remarks, we'll open up the lines for Q&A. Before we begin, I would like to remind you that today's earnings materials contain forward-looking statements, including statements regarding our future expectations. All forward-looking statements are subject to risks and uncertainties. Please refer to today's earnings materials, the safe harbor language on slide two of our presentation and our SEC filings for a discussion of the major risk factors that could cause our actual results to differ from those in our forward-looking statements. In addition, we use several Non-GAAP measures when presenting our financial results. We have included the reconciliations to these measures in our supplemental financial information. With that, I'll turn the call over to Nelson. Thank you, Greer. Good morning, and thank you all for joining us for our third quarter earnings call. We have proudly entered the next phase in Cyxtera's evolution, becoming a public company at the end of July, marking a major milestone in our company's history. To celebrate this accomplishment, we are honored to have the opportunity to ring the closing bell at the Nasdaq Stock Exchange on December 6th. None of this would have been possible without the hard work and dedication of the Cyxtera team, who have continued to deliver solid outcomes for our customers throughout this journey. Our team is motivated and excited about this next phase of Cyxtera's growth, and we have received positive feedback from our customers and partners as well. As we walk through the results of the quarter and summarize our overall strategy, it is clear we have an incredible opportunity ahead of us, and we are excited to realize the full potential of Cyxtera. I'll start today with a quick recap of our third quarter results, which you can follow on slide four of our presentation. First, I want to highlight that we are raising the midpoint of revenue guidance by $7.5 million for the year to $699 million, and transaction-adjusted EBITDA guidance by $5 million to $225 million, reflecting our strong Q3 results and year-to-date performance. We continue to see sustained momentum in the business, with total revenue increasing by $5.1 million or 2.9% year-over-year to $177.1 million. Recurring revenue increased by $5.8 million or 3.5% year-over-year to $169.3 million. Core revenue, which excludes revenue from Lumen, increased by $12.5 million or 8.4% year-over-year to $161 million. Transaction-adjusted EBITDA improved by $3.5 million or 6.4% year-over-year to $58.1 million, driven by top line growth and operating leverage. Annualized core bookings increased by $0.5 million or 2.5% year-over-year to $20.8 million. At the same time, average monthly core churn improved year-over-year to 0.7% from 0.9%, resulting in strong core net bookings. Lastly, interconnection accounted for approximately 11% of total revenue, up from 9.6% in the third quarter of last year. This represents 17% year-over-year growth. Because some investors on the call today are newer to our story, I would like to spend a few minutes highlighting the foundational elements that are driving Cyxtera's strong momentum and share the key elements of our strategy. As you can see on slide five, we are the third largest retail colocation provider with 61 data centers across 28 markets. Our footprint has a strong international presence with facilities in the top 10 most attractive global markets. We view this as a significant competitive advantage, as our data centers are located in markets where our customers want to deploy their infrastructure. At Cyxtera, we view everything from the customer lens. We serve more than 2,300 enterprises and service providers across our global platform, representing every major industry vertical, which leverage our strong interconnection base of over 40,000 cross connects to support their digital transformation initiatives. This diversified customer base, along with our strong interconnection platform, creates a differentiated global ecosystem where enterprises and service providers establish business relationships, both directly and through partners. This leads me to a very important point. Innovation is core to our organizational culture, and we are continuously striving to improve the value we provide our customers. We believe our innovative approach to the data center sets us apart from our competitors in a manner that is difficult to replicate. Our innovation efforts are focused on three main objectives. First, to make our data centers easier to consume. Second, to make it seamless for our enterprise and service provider customers to connect to each other. Third, to support our customers' automation initiatives. Our Digital Exchange offering is our core innovation platform. Digital Exchange builds on our interconnection density and enables seamless software-based virtual connections between our customers. We built Digital Exchange in-house with our own product development team, which allows us to rapidly adapt the platform and further innovate in support of our customers' digital transformation efforts. Our Bare Metal offering is an example of this continuous innovation. Bare Metal leverages the Digital Exchange to deliver on-demand infrastructure so customers can consume the data center in a cloud-like fashion. We like to think about this as colo on-demand, and it helps our customers get to market faster. In addition, it provides our customers the flexibility they need to quickly adjust their infrastructure as their business requirements evolve, thereby future-proofing their environments. Most recently, we introduced Smart Cabs, which also leverages our Digital Exchange platform to provide on-demand colocation cabinets, complete with built-in power and integrated configurable core network fabric. This solution is especially powerful for our channel partners and strategic alliances, who can deploy their infrastructure in a resilient, secure colocation environment with the live network fabric already built into the cabinet in an on-demand fashion. This exciting new offering will be available in more than 10 markets in Q1 of 2022. Strategic partners are a core part of our go-to-market strategy. We recently partnered with Nutanix for the launch of their federal innovation lab in conjunction with some of our other leading technology partners. The first Nutanix federal innovation lab is powered by Cyxtera's Digital Exchange and Enterprise Bare Metal platforms. The Federal Innovation Lab, available across our data centers in Northern Virginia, provides U.S. federal customers, as well as industry partners, with an environment to build proofs of concept and test mission-critical application using on-demand infrastructure that readily supports hybrid multi-cloud solutions via a single operating platform. In addition, we were awarded the global service provider of the year at Nutanix.NEXT digital experience conference in recognition for providing enterprises with on-demand access to Nutanix's market-leading hyperconverged infrastructure enterprise cloud software directly within the data center. We are proud of the strength of our strategic alliances and continually look for innovative ways to enable our customers to deliver all applications, services, and data at any scale directly within the data center with cloud-like flexibility. Moving to slide six, our global platform and strong ecosystem, coupled with strong industry tailwinds, has resulted in significant momentum across our business. Our core bookings continue to grow year-over-year, while our core churn continues to improve. This combination of accelerated bookings and lower churn delivers net bookings, which is driving increased occupancy across the platform. Turning to slide seven, our current occupancy sits at 68.9%, which is an increase of approximately 50 basis points versus last quarter. We are making good progress towards our target of 78% occupancy by 2025, which will continue to be supported by our solid sales performance. Lastly, let me provide a brief recap of our growth strategy. As you can see on slide eight, our strategy is primarily driven by organic growth opportunities. As I mentioned on the previous slide, taking advantage of our in-place capacity and continuing to increase occupancy across the platform is the main driver of our growth. Increased occupancy leads to increased revenue, and that increased revenue comes with high EBITDA flow-through because most of our fixed costs are already covered across the footprint. The second lever of our organic growth is expanding across our existing footprint, with expansion projects focused on four markets, London, Singapore, Chicago, and Silicon Valley. These are markets where demand is strong and our occupancy is high, so we want to ensure we have available inventory for our customers. Earlier this year, we announced expansion projects in London, Chicago, and Silicon Valley to meet increased customer demand. The third lever of our organic growth plan is the cross-selling of our platform capabilities. Customers are utilizing more of our interconnection, Digital Exchange, and Bare Metal offerings, all high flow-through services that increase our revenue per square foot, decrease the likelihood of churn, and provide customers with additional overall value. These organic growth initiatives can be augmented by inorganic opportunities as well. We intend to focus our geographic expansion efforts in international markets, which we believe adds to our strategic positioning. We will also pursue the acquisition of individual data centers or data center platforms when it makes sense strategically. That being said, we will be opportunistic in our inorganic pursuits and decisions will be driven by prudent capital allocation and our internal return hurdles. In summary, we're very pleased with our third quarter results as they continue to validate the competitive strength of our platform and our go-to-market execution. Now, I'll turn the call over to Carlos to cover the financial results in more detail. Thank you, Nelson. Good morning, everyone, and thank you for joining us for our third quarter earnings call. As Nelson mentioned, we're pleased with our third quarter performance, which we believe validates our go-to-market strategy and clearly reflects continued strong customer momentum and business execution. Before diving into the results, we wanted to share our excitement at being recognized by our hometown business journal for our recently completed merger with Starboard. Last month, we received the Financial Deal of the Year award, which is an honor we were proud to receive. Turning to slide 10, total revenue for the quarter increased by $5.1 million or 2.9% year-over-year to $177.1 million, while recurring revenue increased by $5.8 million or 3.5% year-over-year to $169.3 million. The solid revenue performance can be attributed to continued momentum in net bookings performance during Q3, which increased nearly 80% year-over-year. Interconnection revenue represented 11% of total revenue for the quarter and grew 17% year-over-year. Core revenue, as shown on slide 11, which excludes Lumen revenue, increased by $12.5 million or 8.4% year-over-year to $161 million. Gross margin was 46.3%, a year-over-year increase of 290 basis points, primarily attributable to an approximate $4 million recovery in relation to a net settlement with the vendor and $2 million in lower installation costs as a result of efficiency initiatives. This was somewhat offset by higher utility costs, driven primarily by electricity rate increases and a slight increase in power consumption. As it relates to power costs specifically, we have the contractual flexibility pass through to pass through increases in power costs, which covers more than 85% of our contracts. While energy has become a widespread topic, we continue to expect minimal impact from this as reinforced by increased guidance for 2021. Transaction-adjusted EBITDA increased by $3.5 million or 6.4% year-over-year to $58.1 million, principally due to higher revenue and improvements in cost of revenue. Transaction-adjusted EBITDA of 32.8% increased by approximately 110 basis points year-over-year, driven by top line growth and operating leverage. Transaction-adjusted EBITDAR increased by $1.3 million or 1.8% year-over-year to $73.8 million, which equates to a margin of 41.7%. As a reminder, we view transaction-adjusted EBITDAR as the best metric for comparing our performance to our peers because it adjusts for our asset ownership structure. Annualized core bookings increased by approximately 2.5% over the same quarter last year, driven by customer momentum and strong channel partner contributions. Average monthly core churn of 0.7% for the third quarter improved 20 basis points year-over-year and represents the lowest quarterly level in more than seven quarters. As detailed on slide 14, core MRR increased to $48.6 million from $47.5 million exiting last year's, primarily due to $1.3 million of net installations. On slide 17, we have provided a breakdown of our capital investments between the major buckets of expansion, maintenance, and corporate. Q3 CapEx was approximately $7 million above the year ago level, primarily driven by growth capital to support the demand and expansion projects we discussed previously, including London, Silicon Valley, and Chicago. As a reminder, we expect elevated levels of CapEx in the second half and into 2022 as some of those projects near completion, which we highlighted when we increased our outlook for capital investments last quarter. Both maintenance and corporate CapEx were down modestly year-over-year, primarily due to timing of projects. Supply chain disruptions have been a popular topic, and we're in a privileged position to have very limited exposure to the challenges that may be felt throughout the industry. Given where we are in the development cycle, we just aren't seeing an impact. As we have discussed previously, the capacity we have available requires limited growth capital, and as it relates to maintenance spend, we build a long pipeline by ensuring we have the equipment we need on-hand in advance of needing to perform routine maintenance. In addition, our Enterprise Bare Metal product provides customers facing supply chain challenges with the flexibility to quickly deploy infrastructure in our data centers. Now turning to slide 18 for an update on our balance sheet and capital markets activity. Leverage has improved significantly on a sequential basis, with financial net leverage declining to 3.7x from 5.6x last quarter. We're trending closer to our long-term target of 3x net financial leverage and are confident that we can continue to delever as EBITDA growth grows and debt levels remain constant. We view this metric as the best way to measure the health of this business as we can better control the different variables. You can also see on the slide that lease-adjusted leverage improved 1.2 turns to 6.3 x in the third quarter. Additionally, we recently obtained a financial commitment from Professional Bank for an equipment credit facility in the amount of $10 million, with an interest rate of 4% and fully amortizing over 60 months. As you would expect, the financing commitment is subject to customary conditions. To date, this represents the lowest rate and longest-term financing we've secured to enhance our working capital position as we procure IT gear and critical power and cooling equipment throughout our global portfolio, further strengthening our financial position. As you likely saw from our recent press releases, both S&P and Moody's upgraded our ratings and assigned stable outlooks to our credit. This is a positive step by both agencies and reflects the strength of our interconnection platform, the expectation for solid revenue and EBITDA growth, and our increased liquidity following the merger with Starboard. We appreciate the support of the rating agencies and believe that we can continue to grow the business effectively to meet customer demand, while also creating long-term value for our key stakeholders. Finally, turning to 2021 guidance, on slide 19. We are pleased to raise our outlook for both revenue and EBITDA based on our strong year-to-date performance. We now expect total revenue in the range of $692 million-$706 million, an increase of $7.5 million at the midpoint, or 1.1%. We also now expect transaction-adjusted EBITDA of $223 million-$227 million, an increase of $5 million at the midpoint or 2.3%. For modeling purposes, we continue to expect our share count to be approximately 166 million at the end of the year. We continue to expect expansion CapEx for the full year to be in the range of $65 million-$80 million, supporting an expansion project that I mentioned earlier. With that, thank you all for your continued support and for joining us today to discuss our third quarter results. We would like to open the floor now for questions. Operator, please. We will now begin the question and answer session. To ask a question, you may press star then one on your touchtone phone. If you're using a speakerphone, please pick up your handset before pressing the keys. To withdraw your question, please press star then two. At this time, we will pause momentarily to assemble our roster. Our first question today comes from James Breen with William Blair. Please go ahead. Thanks for taking the question. Just can you talk about what are the factors that you see in sort of improving revenue growth, whether it's expanding existing facilities or increasing penetration in existing facilities? Also just on the CapEx side, you know, it's moved up a little bit as a percentage of revenue. Sort of, you know, how do you feel about that going forward as sort of a mid-teens total CapEx capital intensity, the right area to be in? Thanks. Hey, James. Let me address the revenue and continued bookings momentum, right? We adjusted our go-to-market execution strategy a few quarters back. We've seen great results from that, both on the booking side and also decreasing churn. That net bookings is what's driving occupancy, which is what's driving revenue. We expect that to continue to drive the revenue growth, and that really is the focus of the team at the moment. Carlos, from a CapEx perspective, you may wanna- Yeah, it's a difficult one because it's going to be very much driven by how much more we need to add from a capacity perspective going forward. It's going to be a little bit lumpy from that perspective. I would say I would expect next year to be lower than this year, simply because we're adding capacity this year. You know, the spend tends to happen a few quarters before you start selling it out. You know, I would think about it differently, which is the things that are constant tend to be your maintenance, which we've always guided to about 3%, and then your installation CapEx, which tends to roughly come out at that same number. I think that's the baseline CapEx, and from there it's going to depend on when do we add specific capacity around our key markets. You know, if your current occupancy is in the slides at 69%, you know, how do you think about that going forward, you know, as you move that up? Is it when you get to the mid-seventies, is that the point when you think about, okay, we have to, you know, build some new buildings, expand a little bit faster, you know, because you're starting to sell out your existing facility? The 69% column is our blended for the entire portfolio. Obviously that's a decision that is done on a market by market basis. What we've said before is that one of our, call it high growth, high demand markets, reaches that mid-70s%, we start to add capacity. That's exactly what we've done this year around Silicon Valley and London. Anything just on the, you know, obviously bookings improving, you know, just your penetration of the sales channel. You know, anything that is working particularly well as the customer's taking multiple sites for you, connectivity, et cetera? You know, James, what I would say is we're differentiated, right? We have more global scale than many of the providers that are out there. We couple that with our strong interconnection, which is top three in the industry. When you think about our innovation and how we can make it easy for customers to consume the data center, it's a differentiated approach. That's truly what's driving our bookings momentum. We expect to continue with that message, continue to innovate, and continue to make it easy for our partners to leverage our data centers in their pursuits as well. Great. Thank you very much. Again, if you'd like to ask a question, it is star then one. Star then one to ask a question. Our next question comes from Michael Rollins with Citi. Please go ahead. Hi, good morning. Was curious if you could provide more context on, you know, where you are capturing the bookings geographically, and how does that compare against the pipeline progression that you were previously reporting? Hey, Mike. Two things. On the pipeline progression, the pipeline remains strong. We take a snapshot at the beginning of every quarter. That pipeline momentum is still continuing. From a bookings perspective, we've always talked about some of the markets where we have higher occupancy. We keep mentioning, you know, London, Chicago, Silicon Valley, and so those markets are still performing very well. We actually had significant bookings momentum across a number of markets. One of the things I'm most pleased about is it's not only bookings in a small number of markets, but across the broad platform, both direct and through channel partners. Apologize if I missed this. Did you provide a backlog exiting the quarter? We did not. No, Mike, we did not provide a backlog. Is that something just in the future that you're gonna pull back on, or is that something maybe in the future you could provide? If there's just qualitatively any context on the book-to-bill and maybe how that compares. We'll think about it. To be honest, it wasn't in our plans, but we're happy to go back and think about it. Thanks. Thank you. Ladies and gentlemen, there are no questions at this time, so this will conclude our question-and-answer session. I would like to turn the conference back over to Nelson Fonseca, President and CEO, for any closing remarks. Well, thank you all for your time this morning. We look forward to giving you an update next quarter. Thank you. The conference has now concluded. Thank you for attending today's presentation. You may now disconnect.