Macquarie Technology Group Limited · ASX:MAQ
Macquarie Technology — H1 FY2024 Earnings Presentation
19 slides from Macquarie Technology's earnings presentation, Feb 28, 2024
Slide 1: Half Year Results 1H2024
Half Year Results 1H2024. 28 February 2024
Slide 2: Strong growth across key financial metrics
Strong growth across key financial metrics. +5% +3% +74% +53% Revenue EBITDA NPAT EPS $181.3m $53.0m $14.8m 60.9 cents ps ● Eighteen consecutive halves of EBITDA growth for the Group. ● Continued growth in Cloud and Cyber megatrends which drives our business. ● Maintained strong EBITDA margins in a
Slide 3: Business design
Business design. Business Areas Percentage of Revenue and EBITDA in 1H24 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 4: Business Highlights Summary
Business Highlights Summary. Macquarie Macquarie Macquarie Macquarie Cloud Services Government Data Centres Telecom Microsoft’s 1# Azure Partner 42% of Australian Development Application Strengthening of the nationally within small, Government agencies are approved for construction of managed connec
Slide 5: Company purpose
Company purpose. To make a difference in markets Happy customers stay, buy more, that are underserved and refer their colleagues and pay overcharged. their bills faster. +81 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 i
Slide 6: Quality Infrastructure
Quality Infrastructure EWS
Slide 7: Data Centre Portfolio
Data Centre Portfolio. 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 Macquarie Data Centres’ projected total IT load is 60MW comprising o
Slide 8: Macquarie Park Data Centre Campus
Macquarie Park Data Centre Campus. Development Application approval for IC3 Super West received in January 2024. Optimising the capacity of IC3 Super West. Construction contract negotiations in final stage. Construction is expected to be completed by Q3 CY26. 8
Slide 9: Our private cloud continues to be a source of data centre utilisation
Our private cloud continues to be a source of data centre utilisation and generates higher revenue per rack. Underlying infrastructure anonymised as we sell outcome focused solutions External External Colo Colo Cloud Services & Government’s Hybrid IT managed services deliver 10 times revenue per MW
Slide 10: Financials
y / / | y | L & Financ
Slide 11: Financial Results
Financial Results. $m 1H FY23 1H FY24 1H FY24 v 1H FY23 % change Total Rev enue Cloud Serv ices & Gov ernment 95.4 102.4 7.0 7.3% Data Centres 31.7 34.3 2.7 8.4% Telecom 59.8 60.9 1.1 1.8% I nter-Segment (14.4) (16.3) (1.9) 13.4% Total Revenue 172.5 181.3 8.8 5.1% EBI TDA Cloud Serv ices & Gov ernme
Slide 12: Group Financial Performance
Group Financial Performance. GroupRevenue Group Revenue($m)($m) GroupEBITDA Group EBITDA($m)($m) Group Revenue ($m) Group EBITDA ($m) 181.3 53.0 53.0 52.5 172.5 172.5172.5 51.3 51.3 51.8 51.8 160.0 47.8 47.8 51.3 149.3 160.0 47.8 141.5 143.6 149.3 40.5 40.5 141.5 40.5 134.3 37.3 37.3 37.3 36.4 172.5
Slide 13: Cloud Services & Government Financial Performance
Cloud Services & Government Financial Performance. Cloud Services and Cloud Services and Cloud Services & Government Revenue ($m) Cloud Services & Government EBITDA ($m) Government Revenue ($m) Government EBITDA ($m) 95.4 25.8 84.3 103.6 102.4 25.8 96.5 24.6 70.4 95.4 80.0 23.0 22.7 23.0 22.724.0 68
Slide 14: Data Centres Financial Performance
Data Centres Financial Performance. Data Centres Revenue ($m) Data Centres EBITDA ($m) Data Centres Revenue ($m) Data Centres EBITDA ($m) 16.9 17.2 32.7 31.7 34.3 16.4 17.016.7 16.4 31.7 28.5 28.5 21.0 21.019.6 19.1 17.9 19.1 10.9 10.2 9.6 8.2 10.29.3 2H21 2H20 1H22 1H21 2H22 2H21 1H23 1H22 2H23 1H2
Slide 15: Telecom Financial Performance
Telecom Financial Performance. Telecom Revenue ($m) Telecom TelecomEBITDA EBITDA($m) ($m) Telecom Revenue ($m) Telecom EBITDA ($m) 10.9 11.2 11.1 62.7 64.5 65.2 60.4 59.8 60.9 10.9 59.8 62.7 59.8 60.4 58.3 59.8 59.8 9.3 7.6 9.3 9.3 8.2 7.4 7.5 7.3 8.2 8.2 7.5 7.5 7.3 7.3 2H212H20 1H22 2H21 1H22 1H21
Slide 16: Growth Capex, Customer Growth Capex, Maintenance Capex
Growth Capex Customer Maintenance Growth Capex Capex ● Growth Capex is for the building of ● Customer Growth Capex is for ● Most of the remaining Capex is new data centre capacity, additional cabling, racks, servers & infrastructure refresh and internal increased power supply, new storage that enabl
Slide 17: Balance Sheet & Cash Flows
Balance Sheet & Cash Flows. ● Funding available to allow us to pursue growth ● Capex has been funded by cash generated by initiatives: operating activities o Cash and cash equivalents of $9.8m; ● High quality revenue base circa 60% of billings of o Cash on deposit $75.0m; and our top 20 customers be
Slide 18: Outlook
Outlook. DA for IC3 Super West has been approved. Site preparation and early works are underway to prepare the Macquarie Park Data Centre Campus. Demand from the AI megatrend could result in the IT load of IC3 Super West increasing from 38MW to 45MW. This would take the campus from 56MW to 63MW (sub
Slide 19: Outlook
Outlook. FY24 EBITDA is expected to be approximately $108 to $111 million which includes Macquarie Data Centres’ EBITDA of $34 to $35 million. Continuing investment across the Group to drive future profitable growth. CS&G FY24 EBITDA margin is expected to be in line with FY23. Telecom operational ef
Macquarie Technology Group — H1 FY2024 Earnings Presentation on 6ix