Megaport Ltd. · ASX:MP1
Megaport — H1 FY2025 Earnings Presentation
22 slides from Megaport's earnings presentation, Feb 20, 2025
Slide 1: Investor Presentation FY25 Half Year Results
INVESTOR PRESENTATION FY25 HALF YEAR RESULTS
Slide 2: Company Highlights
Company Business Financial Guidance Highlights Update Results Update 2
Slide 3: H1 FY25 Highlights
COMPANY HIGHLIGHTS H1 FY25 Highlights ARR1 NRR3 GROSS PROFIT NET CASH FLOW4 up 18% (14% CC2) First signs of stabilisation Sustained 70% Gross Margin up 26% 1. Annual Recurring Revenue (ARR) is the recurring revenue expected over a 12-month period, calculated as Monthly Recurring Revenue for the last
Slide 4: Business Update
Company Business Financial Guidance Highlights Update Results Update 4
Slide 5: Execution Against Strategy - Investments for the Future
BUSINESS UPDATE Execution Against Strategy - Investments for the Future Greater Product Customer Network And And Presence Innovation Ecosystem - 400G backbone - New compute platform - AI Exchange 30+ providers - 100G VXCs from 597 DCs - 100G MCRs - FS Exchange 600+ companies - Strategic DC expansion
Slide 6: Annual Recurring Revenue
BUSINESS UPDATE Annual Recurring Revenue1 Megaport ARR1 GROWTH Americas Strong ARR1 growth of $22.7M up 18% in H1 FY25. The Americas contributes 58% of the total. APAC EMEA 1. Annual Recurring Revenue (ARR) is the recurring revenue expected over a 12-month period, calculated as monthly recurring rev
Slide 7: Quarterly Net New Customer Logos
BUSINESS UPDATE Quarterly Net New Customer Logos1 NEW LOGO GROWTH Showcasing that the transformation in GTM and product innovation is delivering. New Logos set the stage for future expansion. 1. Customer Logos reflect a consolidation of revenue-generating customer accounts, where those accounts are
Slide 8: Quarterly Net New Ports
BUSINESS UPDATE Quarterly Net New Ports PORT GROWTH Trending growth reflects the impact of investments in GTM and product. Building for future connectivity and expansion. Note: A spreadsheet with historical KPIs and metrics can be found on our website at https://www.megaport.com/investor/business-ove
Slide 9: Net Change in Provisioned Port Capacity
BUSINESS UPDATE Net Change in Provisioned Port Capacity1 CAPACITY GROWTH Q1 and Q2 were back-to-back the largest capacity contributions in our history. Dramatically increases future connectivity revenue potential. 1. Provisioned Port Capacity represents the number of revenue generating Ports, multip
Slide 10: Megaport Virtual Edge (MVE)
BUSINESS UPDATE Megaport Virtual Edge (MVE) MVE Total Count2 Average MVE Customer ARR1,3 $203K MVE GROWTH Dec-23: $162K Up 90% year on year. Almost 3x the ARR vs a Average Port-only Customer ARR1,3 port-only customer. $71K Demonstrates that solution selling is beginning to pay off. Dec-23: $66K 1. A
Slide 11: Customer Utilisation - Total Network Traffic
BUSINESS UPDATE Customer Utilisation1 - Total Network Traffic UTILISATION GROWTH Network Utilisation showcases customers leveraging Megaport’s product. Growth confirms investments in product and innovation are delivering usage acceleration. 1. Customer Utilisation shows the daily peak of customer traf
Slide 12: Financial Results
Company Business Financial Guidance Highlights Update Results Update 12
Slide 13: Summary EBITDA
FINANCIAL RESULTS Revenue up 12%, driven by improvement in ARR per 1 Summary EBITDA existing customer and addition of new logos. Direct network costs increased 7% reflecting the rollout of the 400G backbone, an increase in new data centre builds, and ongoing maintenance and support costs to support H
Slide 14: Cash Flow
FINANCIAL RESULTS H1 FY25 represents continued Cash Flow cash generation. H1 FY25 H1 FY24 Change Change Consolidated Cash Flow Operating cash inflows increase driven by $’M AUD $’M AUD $’M AUD % strong receipts from customers during the Cash flow - Operating Activities 31.7 25.9 5.8 22% period. Cash fl
Slide 15: Capital Expenditure $27M - $30M
FINANCIAL RESULTS Capital Expenditure FY25 TOTAL CAPEX UNCHANGED 39.8 $27M - $30M1 Inclusive of $6M in network licences for 3 years. 29.1 27 - 30 19.4 H1 FY25 capex spend supports current project pipeline. PPE Capex - Maintenance of inventory to support planned expansion and upgrades. - Major projec
Slide 16: Guidance Update
Company Business Financial Guidance Highlights Update Results Update 16
Slide 17: Revenue Lower End Tightened, EBITDA Unchanged
GUIDANCE UPDATE Revenue Lower End Tightened, EBITDA Unchanged FY25 REVENUE1 FY25 EBITDA1,2 (AUD:USD = 0.668) (AUD:USD = 0.668) previously $214M - $222M unchanged 》 Revenue Guidance1: Tightened the lower end to reflect early signs of NRR3 stabilisation. 》 EBITDA Guidance1,2: Unchanged. Includes opport
Slide 18: Questions.
INVESTOR PRESENTATION FY25 HALF YEAR RESULTS Questions. @megaport ASX: MP1 @megaportnetwork megaport.com/investor @megaportnetworks megaport.com/newsroom THANK YOU
Slide 19: Important Information
Important Information This presentation has been authorised by the Board of Megaport. MEGAPORT LIMITED ACN 607 301 959 Nothing in this presentation should be construed as either an offer to sell or a All references to “$” are to Australian currency (AUD) unless otherwise noted. solicitation of an of
Slide 20: Appendix
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Slide 21: H1 FY25 Revenue-Generating KPIs
APPENDIX H1 FY25 Revenue-Generating KPIs1 Net HoH HoH % Net YoY YoY % KPIs & Metrics1 Dec-24 Jun-24 Growth Growth Dec-23 Growth Growth ARR2 ($m) 226.6 203.9 22.7 11% 191.7 34.9 18% Customer Logos3 2,720 2,637 83 3% 2,615 105 4% Total Services4 31,677 29,816 1,861 6% 28,495 3,182 11% Ports 9,294 8,77
Slide 22: Other Operating Expenses
APPENDIX The increase in other operating Other Operating Expenses expenses represents investment in areas that support the go-to-market engine. H1 FY25 H1 FY24 Change Change Other operating expenses $’M AUD $’M AUD $’M AUD % Professional fees 2.5 2.1 0.4 19% Increase in marketing, travel and IT cost