Macquarie Technology Group Limited · ASX:MAQ
Macquarie Technology — FY2024 Earnings Presentation
23 slides from Macquarie Technology's earnings presentation, Aug 28, 2024
Slide 1: Full Year Results 2024
For personal use only Full Year Results 2024. 28 August 2024 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 FY24 What we do Value proposition Competitors People / Skill ® macquarie Revenue colocation, cloud & dedicated servers. Different applications need different types of hosting. We manage Customer Service, Specialised and Compliant Ho
Slide 3: Key Business Highlights
Key Business Highlights. For personal use only Revenue EBITDA NPAT EPS $363.3m $109.1m $33.0m 134.7 cents ps ● Ten consecutive years of EBITDA growth. ● Completed acquisition of 17-23 Talavera Rd, Macquarie Park land and buildings for $174 ● EBITDA CAGR of 13.9% over the last 3 years. million plus t
Slide 4: Years of Growth
10 Years of Growth. For personal use only EBITDA $'m 120 100 80 60 40 20 0 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 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 DA received for IC3 Super West. Successful transformation in nationally within small, Government agencies are Signe
Slide 6: A Differentiated Offering
A Differentiated _ Offering Ml
Slide 7: Company purpose
Company purpose. For personal use only To make a difference in markets that are underserved and overcharged. +86 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
Quality Infrastructure EWS
Slide 9: Data Centre Portfolio
Data Centre Portfolio. For personal use only Sydney CBD Campus Macquarie Park Data Centre Campus Canberra Data Centre Campus IC 1 IC 2, IC 3 East IC 4 Bunker & IC 5 Bunker IC 3 Super West The portfolio comprises: • Macquarie Park Data Centre Campus: IC2, IC3 East and IC3 SuperWest (under constructio
Slide 10: Macquarie Park Data Centre Campus
Macquarie Park Data Centre Campus. For personal use only State Significant Development Application approved for IC3 SuperWest. Construction of IC3 SuperWest commenced in July 2024 with FDC appointed head contractor. Phase 1 of construction expected to be completed by Q3 2026. Purchase of the land an
Slide 11: Our private cloud continues to be a source of data centre utilization
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 Wholesale & AI Colo Wholesale & AI Colo
Slide 12: For personal use only
For personal use only
Slide 13: Financial Results
Financial Results. For personal use only $m FY22 FY23 FY24 FY23 v FY24 % Change Revenue Cloud Services & Government 164.3 191.9 206.3 14.4 7.5% Data Centres 49.5 64.4 70.0 5.6 8.7% Telecom 120.2 118.1 119.9 1.8 1.5% Inter-segment (24.7) (29.3) (32.9) (3.6) 12.3% Total Revenue 309.3 345.1 363.3 18.2
Slide 14: Group Financial Performance
Group Financial Performance. For personal use only Group Revenue ($m) Group EBITDA ($m) 363.3 109.1 345.1 103.1 309.3 88.4 FY22 FY23 FY24 FY22 FY23 FY24 Over the last 3 years: ● Revenue CAGR of 8.4% ● EBITDA CAGR of 13.9% EBITDA margin 30.0% 14
Slide 15: Cloud Services & Government Financial Performance
Cloud Services & Government Financial Performance. For personal use only Cloud Services & Government Revenue ($m) Cloud Services & Government EBITDA ($m) 60 50 206.3 49.8 50.8 191.9 40 45.7 164.3 30 20 10 0 FY22 FY23 FY24 FY22 FY23 FY24 Over the last 3 years: ● Revenue CAGR of 14.1% ● EBITDA CAGR of
Slide 16: Data Centres Financial Performance
Data Centres Financial Performance. For personal use only Data Centres Revenue ($m) Data Centres EBITDA ($m) 70.0 64.4 49.5 33.1 34.7 27.1 FY22 FY23 FY24 FY22 FY23 FY24 Over the last 3 years: ● Revenue CAGR of 21.8% ● EBITDA CAGR of 16.7% EBITDA margin 49.5% Excluding the impact of consumption of po
Slide 17: Telecom Financial Performance
Telecom Financial Performance. For personal use only Telecom Revenue ($m) Telecom EBITDA ($m) 120 120.2 118.1 119.9 100 23.6 80 20.2 60 15.6 40 20 0 FY22 FY23 FY24 FY22 FY23 FY24 Over the last 3 years: ● Revenue CAGR of (2.2%) ● EBITDA CAGR of 16.7% EBITDA margin 19.7% 17
Slide 18: Growth Capex, Customer Growth Capex 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 $30.0 million. The ● Operating cash flow of $117.8 million in FY24. undrawn debt facility amounts to $190.0 million Conversion of EBITDA to operating cash flows which allows us to pursue growth initiatives. excluding in
Slide 20: Land and buildings acquisition 17-23 Talavera Road, Macquarie Park
Land and buildings acquisition 17-23 Talavera Road, For personal use only Macquarie Park Total addition to Property plant and equipment 30 June 2024 MPDCC 30 June 2024 $m Acquisition $179.0 million comprising purchase price $174.0 (Pre purchase) Leases (Statutory) million, stamp duty and transaction
Slide 21: Outlook: Data Centres
Outlook: For personal use only Data Centres Due to demand from the AI megatrend, we are increasing the IT load of IC3 SuperWest from 38MW to 45MW. This increase will take the campus from 56MW to 63MW (subject to regulatory approvals which are underway). Access to 63MW of power is available upon open
Slide 22: Outlook: Group
Outlook: The Company’s EBITDA is expected to grow in FY25, which would be 11 consecutive years of growth. For personal use only Group We see strong demand for cloud and cyber security services. However, the revenue and EBITDA growth rate in Macquarie Cloud Services and Macquarie Government will slow
Slide 23: Outlook: Financials
Outlook: Depreciation and amortisation for FY25 is expected to be $49 million to $54 million. The net impact of the Keppel transaction is For personal use only expected to decrease depreciation and amortisation by $1 Financials million. Hosting depreciation and amortisation is expected to be at $40
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