Chindata Group (CD) Q2 2022 Earnings Call Transcript

For the period ending June 30, 2022

August 25, 2022 8:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good morning and good evening, ladies and gentlemen. Thank you and welcome to Chindata Group Holdings Limited Second Quarter 2022 Earnings Conference Call. We will be hosting our question-and-answer session after management's prepared remarks. Please note that today's conference is being recorded.

I would now turn the call over to the first speaker for today, Mr. Don Zhou from Investor Relations of Chindata Group. Please go ahead, Don.

Don Zhou

Thank you, operator. Hello, everyone. Welcome to Chindata Group’s 2022 second quarter and half year earnings conference call. This is Don from Investor Relations Team of the company. With us today are Mr. Huapeng Wu, our CEO; Mr. Nick Wang, our CFO; Ms. Zoe Zhuang, our Finance VP; and Ms. Joy Zhang, our General Counsel.

During this call Nick will take you through the quarterly review of our operational performance and Zoe will present our financial results. Management team will be here to answer your questions afterwards.

Now, I will quickly go over the Safe Harbor. Some of the statements that we make today regarding our business, operations and financial performance may be considered forward-looking, and such statements involve a number of risks and uncertainties that could cause actual results to differ materially. For more information, please refer to the risk factors discussed in our filings with the SEC.

During this call, we will present both GAAP and non-GAAP financial measures. A reconciliation of non-GAAP to GAAP measures is included in our earnings press release, which is distributed and available to the public through our Investor Relations website located at investors.chindatagroup.com. We have also updated our quarterly presentation on the company's Investor Relations website, which you can refer to as a supplementary material for today's call.

Without further ado I will now turn over the call to Nick. Nick, please go ahead.

Nick Wang

Thank you, Don. Hello everyone. And thank you for joining the call. During the second quarter, our business continued to grow in a healthy manner. Let's take a look at some key highlights first, and we will share more lights and details afterwards.

On Slide 4, by end of the second quarter, our total capacity expanded to 776MW, an increase of 72MW during the quarter. Thanks to the inclusion of two new under construction projects.