Global. Connected. Sustainable. 2Q20 FINANCIAL RESULTS JULY 2020 Digital Realty the trusted foundation | powering your digital ambitions
Navigating the Future Sustainable Growth for Customers, Shareholders and Employees GLOBAL CONNECTED SUSTAINABLE Selling GLOBALLY … Supporting LOCALLY AMERICAS EMEA APAC A Digital Realty and Brookfield Infrastructure JV DIGITAL REALTY | 2Q20 FINANCIAL RESULTS | JULY 30, 2020 | 2
Prioritizing Health and Safety Amid Global Pandemic Maintaining Resiliency Employees and Vendors • Minimized on-site data center staffing and increased safety protocols • Coordinated with suppliers to verify response plans and service continuity capacity • Consistent, robust communications cadence Customers • Increased communications with customers and partners • Enhanced remote data center monitoring and management efforts to maintain robust customer service • Equipped all data centers with sufficient supplies for full operations should remote operations become necessary Communities • $1 million+ philanthropic effort supporting COVID-19 pandemic relief and racial justice efforts • Disaster recovery assistance and community reinvestment programs • Committed to the health, safety and well-being of employees, customers, vendors, and communities DIGITAL REALTY | 2Q20 FINANCIAL RESULTS | JULY 30, 2020 | 3
Serving a Social Purpose Delivering Sustainable Growth for All Stakeholders ENVIRONMENTAL SOCIAL GOVERNANCE Enhanced Board diversity $1 million+ philanthropic effort Published Second 2020 with the addition of Annual ESG Report supporting COVID-19 pandemic relief three new Directors in June 2020 and racial justice efforts Doubled employee gift-matching Achieved 2020 2019 Provided proxy access program ($2 for every $1) and paid Green Lease Leader to shareholders time-off for volunteering Recognition Gave shareholders the Partnered with Citi to ability to propose 2018 Disaster recovery assistance and Supply Renewable amendments to the community reinvestment programs Energy for Texas bylaws Portfolio Interxion Reduces Committed to enhancing the well- Instituted minimum stock 2015 Cooling System being of our stockholders, customers, ownership requirements for Consumption by 20% employees, vendors, and communities directors and management DIGITAL REALTY | 2Q20 FINANCIAL RESULTS | JULY 30, 2020 | 4
Seoul Hong Expanding Global Platform Kong Supporting Customer Growth Frankfurt Paris Mexico City Paris| Late 2021 Seoul| Late 2021 Mexico| 2021 Marseille| Hong Kong| 2020 Mid 2021 Marseille Frankfurt Strategic International Development Greater Presence in Asia, Europe and Latin America 5 ~ 350MW 6 Countries Expected IT Capacity Metro Areas DIGITAL REALTY | 2Q20 FINANCIAL RESULTS | JULY 30, 2020 | 5
Combining Leading Platforms in EMEA Further Solidifying Global Connection with Customers PAR8, the first of four planned data centers in Interxion’s new Paris Digital Park Customers Communities of Interest Growth Deal referral wins with deployments Interxion: A Digital Realty Company, Capitalizing on investment grade balance sheet landing in Interxion’s London, Madrid, secures top spot on Cloudscene’s to lower borrowing costs, fund profitable Marseille, Paris and Zurich data centers H1, 2020 Data Centre Ecosystem growth investments, create value and control Leaderboard for EMEA destiny by securing ownership position DIGITAL REALTY | 2Q20 FINANCIAL RESULTS | JULY 30, 2020 | 6
Data Gravity Driving Data Center Demand PlatformDIGITAL Poised to Capitalize Multi-Tenant Data Center Digital Transformation (1) Global MTDC Platform Leader (4) (MTDC) Demand NEW ENTRANT CHALLENGERS LEADERS MATURITY EDGECONNEX 175 87% CORESITE EQUINIX THROUGHPUT LATENCY DATA CLOSER APPS SERVICES Zettabytes IT Leaders FEATURE PLAY PLATFORM PLAY to the center is BETTER By 2022, enterprises will By 2025, enterprise maintain local copies of data will be managed VAPOR IO DIGITAL REALTY critical data that will across datacenter and cloud deployments (2) meet data regulatory requirements (3) EDGEMICRO FORWARD MOVER INNOVATION FAST MOVER OUTPERFORMER 1) CIO Magazine, Data Gravity and what it means for enterprise data analytics and AI architectures, Jan 2019; Dave McCrory, Data Gravity in the Clouds, Dec 2010 2) IDC, DC Data Age 2025, Whitepaper #US44413318 3) 451 Research, Infrastructure Imperative, Global IT Leader Survey, Nov 2019 DIGITAL REALTY | 2Q20 FINANCIAL RESULTS | JULY 30, 2020 | 7 4) GigaOm, Market Radar for Edge Colocation, Jun 2020
Financial Results DIGITAL REALTY | 2Q20 FINANCIAL RESULTS | JULY 30, 2020 | 8
Combination Creates Powerful Global Platform Expanded Customer Base and Reach Poised for Growth Global Presence Customers and Communities Growth 280 4,000+ $2 Bn Data Centers Customers of Development 45 160,000+ 224 MW Metros Cross-Connects of Construction 86% 59% 29% Total Occupancy Pre-Leased of Revenue from EMEA Note: As of June 30, 2020 DIGITAL REALTY | 2Q20 FINANCIAL RESULTS | JULY 30, 2020 | 9
Digital Transformation Driving Steady Demand Global Full-Product Spectrum Provides Broadest Solutions HISTORICAL BOOKINGS ANNUALIZED GAAP BASE RENT $ in millions Space & Power Interconnection $150 $100 $50 $0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2Q20 BOOKINGS OTHER (1) 0-1 MW > 1 MW INTERCONNECTION TOTAL BOOKINGS $22.2 mm $92.4 mm $17.5 mm $11.8 mm $143.8 mm Note: Darker shading represents interconnection bookings. Second-quarter bookings are highlighted in lighter blue. Totals may not add up due to rounding. 1) Other includes Powered Base Building shell capacity as well as storage and office space within fully improved data center facilities. DIGITAL REALTY | 2Q20 FINANCIAL RESULTS | JULY 30, 2020 | 10
Data Communities of Interest Analytics Attracting New Logos 124 New Logos in 2Q20 Higher Education $12 mm Interconnection Bookings Semiconductor Manufacturer $34 mm Bookings in EMEA, APAC, LatAm DIGITAL REALTY | 2Q20 FINANCIAL RESULTS | JULY 30, 2020 | 11
Top-Line Step Function Healthy Backlog Sets a Solid Foundation BACKLOG ROLL-FORWARD (1) COMMENCEMENT TIMING (2) $ in millions $ in millions Digital Realty Backlog Interxion Backlog Digital Realty Backlog Interxion Backlog $15 $18 $29 $15 $6 $42 $18 $117 $63 $44 $21 $251 $210 $129 $122 2020 2021 2022 Totals 1Q20 Backlog Signed Commenced 2Q20 Backlog Note: Totals may not add up due to rounding. 1) Amounts shown represent GAAP annualized base rent from leases signed. 2) Amounts shown represent GAAP annualized base rent from leases signed, but not yet commenced, based on estimated future commencement date at time of signing. Actual commencement dates may vary. DIGITAL REALTY | 2Q20 FINANCIAL RESULTS | JULY 30, 2020 | 12
Cycling Through Peak Vintage Renewals Narrowing the Gap on Cash Re-Leasing Spreads 2Q20 RE-LEASING SPREADS 0-1 MW > 1 MW OTHER (1) TOTAL RENTAL RATE CHANGE RENTAL RATE CHANGE RENTAL RATE CHANGE RENTAL RATE CHANGE -1.6 % -6.5 % 0.6 % -2.8 % CASH CASH CASH CASH 8.3 % 3.5 % 7.6 % 7.2 % GAAP GAAP GAAP GAAP Signed renewal Signed renewal Signed renewal leases Signed renewal leases leases representing leases representing representing representing $129 million $38 million $2 million $169 million of annualized GAAP of annualized GAAP of annualized GAAP of annualized GAAP rental revenue rental revenue rental revenue rental revenue Note: Rental rate change represents the beginning rental rate on leases renewed, relative to the ending rental rate at expiration, weighted by net rentable square feet. 1) Other includes Powered Base Building shell capacity as well as storage and office space within fully improved data center facilities. DIGITAL REALTY | 2Q20 FINANCIAL RESULTS | JULY 30, 2020 | 13
Effective Economic Risk Mitigation Strategies Benefits of Scale and Diversification on Display CUSTOMER CONCENTRATION BY REVENUE (2) EXPOSURE BY REVENUE (1) USD CAD GBP EURO JPY HKD SGD AUD LATAM Potential Content At-Risk 16% Enterprise 1% 7% Financial 4% Cloud 8% 22% 2% 29% 63% Other Enterprise < 1% 15% IT 3% Network 2% 16% 17% 1% EXCHANGE RATES (3) U.S. DOLLAR INDEX 2Q19 2Q20 U.S. DOLLAR / U.S. DOLLAR / BRITISH POUND EURO 3.5% 2.0% INCREASE INCREASE Source: Bloomberg. Note: Totals may not add up due to rounding. 1) As of June 30, 2020. Includes DLR’s share of revenue from unconsolidated joint ventures. 2) Calculation based on annualized base rents (monthly contractual cash base rent before abatements under existing leases as of June 30, 2020 multiplied by 12). 3) Based on average exchange rates for the quarter ended June 30, 2020 compared to average exchange rates for the quarter ended June 30, 2019. DIGITAL REALTY | 2Q20 FINANCIAL RESULTS | JULY 30, 2020 | 14
Four Quarter Two-Step Beat, Dip, Shuffle, Bounce 2020E CORE FFO PER SHARE 1Q20 2Q20 NOI Growth Strategic Capital COVID-19 3Q20 4Q20 Management Deferred OpEx Note: Based on management estimates; actual performance may differ materially. Core FFO and NOI are non-GAAP financial measures. For descriptions and reconciliations to the closest GAAP equivalents, see the Appendix. DIGITAL REALTY | 2Q20 FINANCIAL RESULTS | JULY 30, 2020 | 15
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