Macquarie Technology Group Limited · ASX:MAQ
Macquarie Technology — FY2023 Earnings Presentation
22 slides from Macquarie Technology's earnings presentation, Aug 23, 2023
Slide 1: Full Year Results 2023
For personal use only Full Year Results 2023. 23 August 2023 Authorised for release by the Board of Directors of Macquarie Technology Group Limited
Slide 2: Business design
Business design. Business Areas Percentage of Revenue and EBITDA in FY23 What we do Value propo: Competitors People / Skill ® macauarie Revenue mers, we are the specialists in hybrid IT. We integrate colocation, cloud & dedicated servers. Different applications need different types of ho: We manage
Slide 3: Key Business Highlights
Key Business Highlights. For personal use only Revenue EBITDA NPAT EPS $345.1m $103.1m $17.7m 81.8 cents ps ● Nine consecutive years of EBITDA growth for the ● Name changed to Macquarie Technology Group. Group to reflect the company’s evolution to become a core plus digital infrastructure ● EBITDA C
Slide 4: Years of Growth
9 Years of Growth. For personal use only EBITDA $'m 120 100 80 60 40 20 0 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 Telecom Hosting CS&G MDC 4
Slide 5: Business Highlights Summary
Business Highlights Summary. For personal use only Macquarie Macquarie Macquarie Macquarie Cloud Services Government Data Centres Telecom Microsoft’s #1 Azure Partner 42% of Australian Significant site preparation Telecom BU increased nationally within small, Government agencies are works undertaken
Slide 6: A Differentiated Offering
A Differentiated i Offering
Slide 7: Company purpose
Company purpose. For personal use only To make a difference in markets that are underserved and overcharged. +78 NPS NPS is the measure of customer experience that is assessed on a scale of -100 to +100, where a score of greater than +50 is excellent 7
Slide 8: Quality Infrastructure
e = | Z| : Quality ; HH = a 4. Infrastructure a { re z = : : [a Ee v =
Slide 9: Data Centre Portfolio
Data Centre Portfolio. For personal use only Sydney CBD Campus Macquarie Park Data Centre Campus Canberra Data Centre Campus Intellicentre 1 Intellicentre 2, Intellicentre 3 East Intellicentre 4 Bunker & Intellicentre 5 Bunker Intellicentre 3 Super West The portfolio comprises: • Macquarie Park Data
Slide 10: Macquarie Park Data Centre Campus
Macquarie Park Data Centre Campus. For personal use only IC3 East Total IT load capacity was increased by approximately 1MW independent of the IC3 Super West build. State Significant Development Application submitted for IC3 Super West. We expect to receive DA approval in late calendar year 2023 and
Slide 11: Private cloud drives data centre utilization and revenue per rack
Our private cloud continues to be a source of data centre utilization and generates higher revenue per rack. For personal use only Underlying infrastructure anonymised as we sell outcome focused solutions External External Colo Colo Cloud Services & Government’s Hybrid IT managed services Wholesale
Slide 12: For personal use only
For personal use only 12
Slide 13: Financial Results
Financial Results. For personal use only Inter-segment revenue predominately relates to services provided by the Data Centre segment to both the Cloud Services & Government and Telecom segments, eliminated on consolidation 13
Slide 14: Group Financial Performance
Group Financial Performance. For personal use only Group Revenue ($m) Group EBITDA ($m) 345.1 103.1 309.3 88.4 285.1 73.8 FY21 FY22 FY23 FY21 FY22 FY23 Over the last 3 years: ● Revenue CAGR of 10.0% ● EBITDA CAGR of 18.2% EBITDA margin 29.9% in FY23 14
Slide 15: Cloud Services & Government Financial Performance
Cloud Services & Government Financial Performance. For personal use only Cloud Services & Government Revenue ($m) Cloud Services & Government EBITDA ($m) 49.8 191.9 45.7 164.3 39.9 138.6 FY21 FY22 FY23 FY21 FY22 FY23 Over the last 3 years: ● Revenue CAGR of 17.6% ● EBITDA CAGR of 11.7% EBITDA margin
Slide 16: Data Centres Financial Performance
Data Centres Financial Performance. For personal use only Over the last 3 years: ● Revenue CAGR of 29.0% ● EBITDA CAGR of 23.2% EBITDA margin 51.3% in FY23 16
Slide 17: Telecom Financial Performance
Telecom Financial Performance. For personal use only Over the last 3 years: ● Revenue CAGR of (3.9)% ● EBITDA CAGR of 16.7% EBITDA margin 17.1% in FY23 17
Slide 18: Growth, Customer Growth and Maintenance Capex
Growth Capex Customer Maintenance Growth Capex Capex For personal use only ● Growth Capex is for the building ● Customer Growth Capex is for ● Most of the remaining Capex is of new data centre capacity, additional cabling, racks, servers & infrastructure refresh and internal increased power supply,
Slide 19: Balance Sheet & Cash Flows
Balance Sheet & Cash Flows. For personal use only ● Cash and cash equivalents of $12.5m. The ● Operating cash flow of $108.9m in FY23 included a undrawn debt facility amounts to $190m which tax received of $9.9m and interest of $0.4m. allows us to pursue growth initiatives. Conversion of EBITDA to o
Slide 20: Outlook
Outlook. For personal use only IC3 Super West total IT Load will be increased from 32MW to 38MW, which is a 19% increase. This takes the Macquarie Park Data Centre Campus from 50MW to 56MW. Due to demand from the AI megatrend, we could increase IT load of IC3 Super West from 38MW to 45MW. This poten
Slide 21: Outlook
Outlook. The Company’s EBITDA is expected to grow in FY24. Due to investments being made in Cloud Services & Government For personal use only and timing of sales in 2H FY23, EBITDA is expected to be flat 1H FY24 and grow in 2H FY24. Non-recurring technical consulting to Government contributed $4m of
Slide 22: Outlook
Outlook. Depreciation and amortisation for FY24 is expected to be $56m to For personal use only $60m, driven by full year impact of IC3 East in FY24. Hosting depreciation is expected to be at $43m to $46m and Telecom depreciation $13m to $14m in FY24. The Company plans to make further investment in
Macquarie Technology Group — FY2023 Earnings Presentation on 6ix