Macquarie Technology Group Limited · ASX:MAQ
Macquarie Technology — H1 FY2022 Earnings Presentation
20 slides from Macquarie Technology's earnings presentation, Feb 22, 2022
Slide 1: Half Year Results 2022
Half Year Results. 2022. 21 February 2022 Authorised for release by the Chief Executive of Macquarie Telecom Group Limited
Slide 2: Business design
Business design. Business Areas Percentage of Revenue and EBITDA in 1H22 What we do Value proposition Competitors People / Skill ® macauarie Revenue EBITDA For business customers, we are the full service provider of data, voice, mobile & colocation services. We are the telecom that does everything r
Slide 3: Key Business Highlights
33 Key Business Highlights. Revenue EBITDA NPAT EPS $149.3m $40.5m $3.7m 17.1 ps ● Fifteen consecutive halves of EBITDA growth. ● EBITDA CAGR of 16.8% over the last 3 years. Revenue CAGR of 7.3% over the last 3 years. ● Continued profit growth into 2H FY22. ● Strong conversion of EBITDA to operating
Slide 4: Business Highlights Summary
4 Macquarie Cloud Services Macquarie Government ● 1 of 5 Australian Azure Expert Managed Service Provider (MSP) ● Continued strong cyber security revenue growth including with ● #2 Microsoft Partner Nationally in enterprise and corporate ATO ● Continues to grow successfully leveraging the Hybrid IT
Slide 5: A Differentiated Offering
A Differentiated Offering. Macquarie Telecom Group | Half Year Results 2022
Slide 6: +74 NPS
6 Company purpose. Recognition Our continued focus on providing a great To make a difference in markets customer experience is core to our service that are under served and offering and differentiation. overcharged. At the 2020 World Communication Awards in London we won the award for best Customer
Slide 7: Quality Infrastructure
Quality Infrastructure. Macquarie Telecom Group
Slide 8: Our private cloud continues to be a key source of data centre utilisation
Our private cloud continues to be a key 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
Slide 9: Data Centre Portfolio
Data Centre Portfolio. Intellicentre 1 Intellicentre 2 Intellicentre 3 East Intellicentre 4 Bunker, Intellicentre 5 South Sydney CBD Macquarie Park Macquarie Park Canberra Bunker, Canberra Macquarie Data Centres’ projected total IT load is 54MW comprising of: – Macquarie Park Data Centre Campus 50MW
Slide 10: IC3 East Customer Success
10 IC3 East Customer Success. In November 2020, MDC announced the signing of a long-term contract with a leading corporation for approx. 10MW of IT Load at IC3 East located at the Macquarie Park Data Centre Campus in Sydney's North Zone. Macquarie Data Centres has delivered this significant fit-out
Slide 11: IC3 Super West
11 IC3 Super West. ● 32 MW of IT Load which takes the Macquarie Park Data Centre Campus to 50MW IT Load over time. ● State Significant Development Application submitted. We expect to receive DA approval in mid to late 2022 and construction completed 18 months later. Mechanical, electrical and plant
Slide 12: Financials
Financials. Macquarie Telecom Group | Half Year Results 2022
Slide 13: Financial Results
13 Financial Results. $m 1H FY21 2H FY21 1H FY22 1H FY22 v 1HFY21 % change Total Rev enue Cloud Serv ices & Gov ernment 64.8 66.7 76.4 11.6 17.9% Data Centres 19.6 19.1 21.0 1.4 7.1% Telecom 68.7 66.4 64.0 (4.7) (6.8%) I nter-Segment (9.5) (10.7) (12.1) (2.6) 27.4% Total Revenue 143.6 141.5 149.3 5.
Slide 14: Group Financial Performance
14 Group Financial Performance. Group Revenue ($m) Group EBITDA ($m) 149.3 37.3 40.5 143.6 33.6 36.4 141.5 31.6 134.3 26.7 131.9 125.6 2H19 1H20 2H20 1H21 2H21 1H22 2H19 1H20 2H20 1H21 2H21 1H22 • Over the last 3 years: – Revenue CAGR of 7.3% – EBITDA CAGR of 16.8% • Growth in EBITDA faster than rev
Slide 15: Financial Performance – Cloud Services & Government
15 Financial Performance – Cloud Services & Government Cloud Services and Government Cloud Services and Revenue ($m) Government EBITDA ($m) 76.4 21.2 64.8 66.8 18.0 18.4 51.9 56.4 13.5 15.7 1H20 2H20 1H21 2H21 1H22 1H20 2H20 1H21 2H21 1H22 • Over the last 2 years: – Revenue CAGR of 21.3% – EBITDA CA
Slide 16: Financial Performance – Data Centres
16 Financial Performance – Data Centres Data Centres Revenue ($m) Data Centres EBITDA ($m) 21.0 19.6 19.1 17.4 17.9 10.2 9.3 9.6 8.7 8.2 1H20 2H20 1H21 2H21 1H22 1H20 2H20 1H21 2H21 1H22 • Over the last 2 years: – Revenue CAGR of 9.9% – EBITDA CAGR of 8.4% • EBITDA margin 48.6% in H1 FY22 • Data Cen
Slide 17: Financial Performance – Telecom
17 Financial Performance – Telecom Telecom Revenue ($m) Telecom EBITDA ($m) 70.4 9.8 9.4 9.7 71.1 68.7 9.1 9.4 68.5 66.4 64.0 9.1 2H19 1H20 2H20 1H21 2H21 1H22 2H19 1H20 2H20 1H21 2H21 1H22 • Over the last 3 years: – Revenue CAGR of (3.1)% – EBITDA CAGR of (3.4)% • EBITDA margin 14.2% in H1 FY22 Mac
Slide 18: Growth Capex
18 Growth Capex. Customer Growth Maintenance 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 increased power supply, new & storage that enable u
Slide 19: Balance Sheet & Cash Flows
19 19 Balance Sheet & Cash Flows. $m Cash & Cash Equiv alents FY21 19.8 1H FY22 18.4 ● Cash and cash equivalents of $18.4m. The Other Current Assets 73.5 40.7 undrawn debt facility amounts to $43m which Non Current Assets 328.7 419.1 allows us to pursue growth initiatives. Total Assets 422.0 478.2 ●
Slide 20: Outlook
20 20 Outlook. ● Investment made in Cloud Services & Government and Macquarie Data Centres FY22 $m underpins the growth in the FY22 EBITDA. This is expected to be approximately $85 to $88 million. EBITDA 85 - 88 ● Billing for the Data Centre’s Leading Corporation Cloud Services & Government 25 - 26
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