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0000950144-06-001101.txt : 200602130000950144-06-001101.hdr.sgml : 2006021320060213145655ACCESSION NUMBER:0000950144-06-001101CONFORMED SUBMISSION TYPE:8-KPUBLIC DOCUMENT COUNT:19CONFORMED PERIOD OF REPORT:20060213ITEM INFORMATION:Regulation FD DisclosureITEM INFORMATION:Financial Statements and ExhibitsFILED AS OF DATE:20060213DATE AS OF CHANGE:20060213

FILER:

COMPANY DATA:COMPANY CONFORMED NAME:TERREMARK WORLDWIDE INCCENTRAL INDEX KEY:0000912890STANDARD INDUSTRIAL CLASSIFICATION:TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]IRS NUMBER:521989122STATE OF INCORPORATION:DEFISCAL YEAR END:0331

FILING VALUES:FORM TYPE:8-KSEC ACT:1934 ActSEC FILE NUMBER:001-12475FILM NUMBER:06602938

BUSINESS ADDRESS:STREET 1:2601 SOUTH BAYSHORE DRIVECITY:MIAMISTATE:FLZIP:33133BUSINESS PHONE:2123199160

MAIL ADDRESS:STREET 1:2601 SOUTH BAYSHORE DRIVECITY:MIAMISTATE:FLZIP:33133

FORMER COMPANY:FORMER CONFORMED NAME:AMTEC INCDATE OF NAME CHANGE:19970715

FORMER COMPANY:FORMER CONFORMED NAME:AVIC GROUP INTERNATIONAL INC/DATE OF NAME CHANGE:19950323

FORMER COMPANY:FORMER CONFORMED NAME:YAAK RIVER MINES LTDDATE OF NAME CHANGE:19931001

8-K1g99594e8vk.htmTERREMARK WORLDWIDE, INC.

Terremark Worldwide, Inc.

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section13 or 15(d) of the

Securities and Exchange Act of 1934

Date of Report (date of earliest event reported): February13, 2006

TERREMARK WORLDWIDE, INC.

(Exact Name of Registrant as Specified in Its Charter)

Delaware

1-12475

84-0873124

(State or Other
Jurisdiction of
Incorporation)

(Commission File
Number)

(IRS Employer
Identification No.)

2601 S. Bayshore Drive
Miami, Florida 33133

(Address of principal executive office)

Registrants telephone number, including area code: (305)856-3200

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filingobligation of the registrant under any of the following provisions (see General Instruction A.2.below):

o Written communications pursuant to Rule425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule14d-2(b) under the Exchange Act (17 CFR240.14d-2(b))

o Pre-commencement communications pursuant to Rule13e-4(c) under the Exchange Act (17 CFR240.13e-4(c))

Item7.01. RegulationFD Disclosure

The slides and additional financial information attached as Exhibit99.1 to this Form 8-Kwere presented in connection with the analyst conference call held by Terremark Worldwide, Inc.(the Registrant) on February9, 2006. At that time, these materials were also posted to theInvestor Relations section of the registrants website, www.terremark.com. This exhibitis incorporated herein by reference.

Statements contained in the attached Presentation are made pursuant to the Safe Harbor forforward-looking statements described in the Private Securities Litigation Reform Act of 1995. Inthese communications, the Company may make certain statements that are forward-looking, such asstatements regarding the Companys future results and plans, and anticipated trends in the industryand economies in which the Company operates. These forward-looking statements are the Companysexpectations on the day of the date of the Presentation, and the Company will make no efforts toupdate these expectations based on subsequent events or knowledge. These forward-looking statementsare based on the Companys current expectations and are subject to a number of risks,uncertainties, and assumptions, including that the Companys revenue may differ from thatprojected; that the Company may be further impacted by slowdowns, postponements, or cancellationsin the Companys clients businesses, or deterioration in the financial condition of the Companysclients; that the Companys targeted service markets may not expand as the Company expects; thatthe Company may experience delays in the awarding of customer contracts; that the Companysreserves and allowances may be inadequate, or the carrying value of the Companys assets may beimpaired; that the Company may experience increased costs associated with realigning the Companysbusiness, or may be unsuccessful in those efforts and any of the other risks in the CompanysAnnual Report on Form 10-K. Should one or more of these risks or uncertainties materialize, orshould the underlying assumptions prove incorrect, actual results may differ significantly from theresults expressed or implied in any forward-looking statements made by the Company in thesecommunications. These and other risks, uncertainties, and assumptions are detailed in documentsfiled by the Company with the Securities and Exchange Commission. The Company does not undertakeany obligation to revise these forward-looking statements to reflect future events orcircumstances.

The information in this report will not be deemed an admission as to the materiality of anyinformation required to be disclosed solely to satisfy the requirements of RegulationFD. Thefurnishing of these slides and additional financial information is not intended to, and does not,constitute a determination or admission by the Registrant that the information in the slides ismaterial or complete, or that investors should consider this information before making aninvestment decision with respect to any security of the Registrant.

The information in this Form 8-K and the Exhibit attached hereto shall be deemed furnishedand not deemed filed for purposes of Section18 of the Securities Exchange Act of 1934 (theExchange Act) or otherwise subject to the liabilities of that section, nor shall it be deemedincorporated by reference in any Registrant filing under the Securities Act of 1933, as amended.

Item9.01. Financial Statements, Pro Forma Financial Information and Exhibits

(c)The following exhibits are being furnished herewith:

Exhibit No. Description

99.1

Presentation given on February13, 2006

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant hasduly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

TERREMARK WORLDWIDE, INC.

Date: February 13, 2006 By: /s/ Jose A. Segrera

Name: Jose A. Segrera

Title: Executive Vice President andChief Financial Officer

3

EX-99.12g99594exv99w1.htmPRESENTATION

Presentation

Third Quarter 2006 Earnings Call

Safe Harbor Clause

The following statement is made pursuant to the Safe Harbor for forward-looking statementsdescribed in the Private Securities Litigation Reform Act of 1995. In these communications, we maymake certain statements that are forward-looking, such as statements regarding Terremark's futureresults and plans, and anticipated trends in the industry and economies in which Terremark operates.These forward-looking statements are the Company's expectations on the day of the initial broadcastof the 3rd quarter conference call, and the Company will make no efforts to update theseexpectations based on subsequent events or knowledge. These forward-looking statements arebased on Terremark's current expectations and are subject to a number of risks, uncertainties, andassumptions, including that our revenue may differ from that projected; that we may be furtherimpacted by slowdowns, postponements, or cancellations in our clients' businesses, or deteriorationin our clients financial condition; that our targeted service markets may not expand as we expect;that we may experience delays in the awarding of customer contracts; that our reserves andallowances may be inadequate, or the carrying value of our assets may be impaired; that we mayexperience increased costs associated with realigning our business, or may be unsuccessful in thoseefforts and any of the other risks in our Annual Report on Form 10K. Should one or more of theserisks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual resultsmay differ significantly from the results expressed or implied in any forward-looking statementsmade by the Company in these communications. These and other risks, uncertainties, andassumptions are detailed in documents filed by the Company with the Securities and ExchangeCommission. Terremark does not undertake any obligation to revise these forward-lookingstatements to reflect future events or circumstances.

Q3 FY2006 Summary

Revenue: $18.9 million, up 35% sequentially

EBITDA: $1.8 million, up from a loss of $0.3 million in prior quarterand a loss of $1.8 million in year-ago quarter

New Customers: 58

Total customers increased to 444

Total Bookings: $18.6M, up from $12.8M in prior quarter

Record level of bookings

$11.6 million of bookings came from new customers

Cross Connects: 3,724, up 17% sequentially and 92% YoY

Revenue per square foot: $1,835, up from $1,534 in prior quarterand $1,344 year-ago quarter

Non-Financial Highlights

Signed multi-year contract with Bank United, largest independentlyowned bank headquartered in Florida.

Signed multi-year contract with Facebook to house their mission-critical infrastructure.

Launched Secure Information Services Group

SIS Group to provide a suite of managed services to customers incritical and rapidly evolving security sector.

Hosted Post Wilma Business Continuity / Disaster Recovery bankingseminar

Over 100 attendees

Customers

New Customers Added During the Quarter

Avisena

Bank United

The Related Group

Funtigo

Shutterfly

Streicher Mobile Fueling

Upsells to Existing Customers

US Federal Government

Facebook

Broadstar

Hollywood Media

Revenue

Total Revenue Q1 Q2 Q3 FY 2005 7.9 8.22 18.56 FY 2006 10.67 13.96 18.88

$ in millions

*

* Includes $9.4 million in non-recurringtechnology infrastructure build-outs

Q306 Revenue Breakdown

Commercial and FederalGovernment Revenue

$ in millions

Revenue Breakdown by Service Colocation Managed Services Exchange Point Services Q306 0.41 0.5 0.09

Colocation Managed Services Exchange Point Services Q306 0.48 0.42 0.1

Q206

Q306

Data Center Revenue by Service Type

Operational Metrics

Operating Expenses

$ in thousands

EBITDA

EBITDA

$ in millions

* EBITDA, as adjusted, is defined as loss from operations less depreciation, amortization and stock based compensation

Bookings

Commercial & FederalGovernment Bookings

$ in millions

Customers & Cross Connects Q106 Q206 Q306 Cross Connects 2836 3182 3724

Total Customers

Cross Connects Q106 Q206 Q306 Total Customers 280 396 444

Utilization Q106 Q206 Q306 Cross Connects 0.392 0.427 0.498

Q106 Q206 Q306 Total Customers 0.091 0.101 0.118

Utilization of TotalSpace

Utilization of Built-OutSpace

357,900 square feet

84,900 square feet

Q106 Q206 Q306 Churn 0.005 0.005 0.005 Federal Churn 0.0001 0.0001 0.0001

Revenue Per Square Foot

Churn Q106 Q206 Q306 Total Customers 1277 1534 1835

< 1%

< 1%

< 1%

0%

0%

0%

Balance Sheet

$ in thousands

Guidance

Fourth Quarter 2006 Guidance

Revenue: $21.5 million to $26.5 million

EBITDA: $2.8 million to $4.8 million

Positive operating cash flow

Fiscal Year 2006 Guidance

Total Revenue: $65 million to $70 million

EBITDA: $2 million to $4 million

Capital Expenditures: $7 million to $8 million

Thank You

GRAPHIC3g99594g99594z0001.gifGRAPHIC

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