Megaport Ltd. · ASX:MP1
Megaport — Q4 FY2023 Earnings Presentation
16 slides from Megaport's earnings presentation, Jul 27, 2023
Slide 1: Investor Presentation: Quarterly Update 4QFY23
INVESTOR For personal use only PRESENTATION QUARTERLY UPDATE - 4QFY23 MEGAPORT LIMITED | ACN 607 301 959 | ASX: MP1 | JULY 2023
Slide 2: Agenda
For personal use only 1. QUARTERLY UPDATE 2. FINANCIAL PERFORMANCE 3. FOCUS, OUTLOOK, AND GUIDANCE
Slide 3: Net Cash Flow in 4Q FY23
QUARTERLY UPDATE NET CASH FLOW IN 4Q FY23 For personal use only Net Cash Flow1 Positive Q4: $2.3M Includes redundancy payouts of $2.6M Net Cash2 Position: $33.3M 1. Net Cash Flow represents movement in Net Cash, which is cash at bank less debt including the vendor financing liability. PAGE 3 2. Net
Slide 4: Normalised EBITDA: Highest on Record
QUARTERLY UPDATE NORMALISED EBITDA1: HIGHEST ON RECORD For personal use only 1. Normalised Earnings Before Interest Tax Depreciation and Amortisation (“Normalised EBITDA”) represents Reported EBITDA that has been adjusted (reduced) for certain one-off accrual reversals. Reported Earnings Before Inte
Slide 5: Annual Recurring Revenue
QUARTERLY UPDATE ANNUAL RECURRING REVENUE1 For personal use only Megaport REVENUE GROWTH June 23 ARR1 178.6 NAM YoY growth 39% QoQ growth 6% APAC EMEA 1. Annual Recurring Revenue (ARR) in A$ is the recurring revenue expected over a 12 month period, calculated as Monthly Recurring Revenue for the las
Slide 6: Service Performance
QUARTERLY UPDATE SERVICE PERFORMANCE For personal use only QoQ % Net Incremental Services 4QFY23 3QFY23 Growth Customer Ports1 167 188 (11%) MCR 46 34 35% MVE 40 25 60% VXCs 592 544 9% Total Customer Services2 856 773 11% 1. Customer Ports exclude consolidation of legacy strategic ports as part of o
Slide 7: Financial Performance
For personal use only 1. QUARTERLY UPDATE 2. FINANCIAL PERFORMANCE 3. FOCUS, OUTLOOK, AND GUIDANCE
Slide 8: Summary Financial Performance
FINANCIAL PERFORMANCE SUMMARY FINANCIAL PERFORMANCE UNAUDITED FINANCIAL RESULTS QUARTER ENDED 30 JUNE 2023 KEY HIGHLIGHTS For personal use only 4QFY23 3QFY23 QoQ FY23 FY22 YoY 4QFY23 Revenue grew 16% QoQ driven Unaudited Summary Financials by a full quarter of Cloud VXC reprice and $’M AUD $’M AUD %
Slide 9: Unaudited Financial Results: Profit & Loss
FINANCIAL PERFORMANCE UNAUDITED FINANCIAL RESULTS UNAUDITED FINANCIAL RESULTS QUARTER ENDED 30 JUNE 2023 EBITDA HIGHLIGHTS For personal use only 4QFY23 3QFY23 QoQ FY23 FY22 YoY Consolidated Profit & Loss % % $’M AUD $’M AUD $’M AUD $’M AUD 4QFY23 Revenue of $44.3M up $6.2M, 16% QoQ due to the Cloud
Slide 10: Unaudited Financial Results: Net Cash Flow
FINANCIAL PERFORMANCE UNAUDITED FINANCIAL RESULTS UNAUDITED FINANCIAL RESULTS QUARTER ENDED 30 JUNE 2023 NET CASH FLOW For personal use only 4QFY23 3QFY23 QoQ FY23 FY22 YoY Consolidated Cash Flow $’M AUD $’M AUD % $’M AUD $’M AUD % Cash from operations was an inflow Reported EBITDA 1 14.5 7.3 99% 25
Slide 11: Focus, Outlook, and Guidance
For personal use only 1. QUARTERLY UPDATE 2. FINANCIAL PERFORMANCE 3. FOCUS, OUTLOOK, AND GUIDANCE
Slide 12: Focus - Reignite the Sales Machine
FOCUS, OUTLOOK & GUIDANCE FOCUS - REIGNITE THE SALES MACHINE For personal use only #1 Priority Go-to-Market overhaul Back to the Basics: Sales 101 Investment: 20+ sales roles Customer Success – protect and expand beyond product led growth GTM breakdown – functions matrix Compensation plans – driving
Slide 13: Outlook
FOCUS, OUTLOOK & GUIDANCE OUTLOOK For personal use only Megaport has a world class, passionate team dedicated to our vision Team excited to be returning to the culture of innovation and growth Powerful platform loved by customers evidenced by outstanding net revenue retention Megaport is now in a st
Slide 14: FY24 Guidance
FOCUS, OUTLOOK & GUIDANCE FY24 GUIDANCE For personal use only Company still finalising FY24 budget (only 2 months into the role) Working to appropriately capture additional costs in relation to network expansion, product and revenue generating headcount - growth investment FY24 Normalised EBITDA1 ex
Slide 15: Questions
QUESTIONS For personal use only ASX: MP1 ON THE WEB: megaport.com/investor megaport.com/media-centre SOCIAL: @megaport @megaportnetwork MEGAPORT LIMITED | ACN 607 301 959 | ASX: MP1
Slide 16: Important Information
IMPORTANT INFORMATION For personal use only This presentation has been authorised by the Board of Megaport. Megaport Limited ACN 607 301 959 Nothing in this presentation should be construed as either an offer to sell or a All references to “$” are to Australian currency (AUD) unless otherwise noted.