Macquarie Technology Group Limited · ASX:MAQ
Macquarie Technology — H1 2025 Earnings Presentation
19 slides from Macquarie Technology's earnings presentation, Feb 26, 2025
Slide 1: Half Year Results 1H2025
Half Year Results 1H2025. 26 February 2025 Authorised for release by the Board of Directors of Macquarie Technology Group Limited
Slide 2: Growth across key financial metrics
Growth across key financial metrics. 1H 2025 vs 1H 2024 +1% +6% +21% +14% Revenue EBITDA NPAT EPS $183.6m $56.2m $17.9m 69.6 cents ps ● Twenty consecutive halves of EBITDA growth for the Group - consistent with outlook provided at the AGM. ● Megatrends in Cloud, Cyber and AI continue to drive our bu
Slide 3: Business design
Business design. Business Areas Percentage of Revenue and EBITDA in 1H25 What we do Value proposition Competitors People / Skill ® macauarie Revenue For business customers, we are the specialists in hybrid IT. We integrate colocation, cloud & dedicated servers. Different applications need different
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 Government Construction of IC3 SuperWest Customer experience at nationally within small, agencies are customers and well underway and ing
Slide 5: Company purpose / +87 NPS
Company purpose. To make a difference in markets that are underserved and overcharged. +87 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 5
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 IC1 IC2, IC3 East IC4 Bunker & IC5 Bunker IC3 SuperWest The portfolio comprises: • Macquarie Park Data Centre Campus: IC2, IC3 East and IC3 SuperWest (under construction) • Macquarie Data Centres C
Slide 8: Macquarie Park Data Centre Campus
Macquarie Park Data Centre Campus. Construction of IC3 SuperWest is well underway. Complex ground works are complete and the building structure is progressing well. Phase 1 of construction expected to be completed in Q3 2026. In December 2024 we successfully obtained a modification to our IC3 SuperW
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
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Slide 11: Financial Results
Financial Results. $m 1H FY24 1H FY25 1H FY25 v 1H FY24 % Change Revenue Cloud Services & Government 102.4 103.9 1.5 1.4% Data Centres 34.3 39.5 5.2 15.0% Telecom 60.9 57.4 (3.5) (5.7%) Inter-segment (16.3) (17.2) (0.9) 5.3% Total Revenue 181.3 183.6 2.3 1.3% EBITDA Cloud Services & Government 24.6
Slide 12: Group Financial Performance
Group Financial Performance. Group Revenue ($m) Group EBITDA ($m) 56.0 56.2 183.6 51.3 51.8 53.0 181.3 182.0 47.8 172.5 172.5 160.0 2H22 1H23 2H23 1H24 2H24 1H25 2H22 1H23 2H23 1H24 2H24 1H25 Over the last 3 years: ● Revenue CAGR of 7.1% ● EBITDA CAGR of 11.5% EBITDA margin of 30.6% in 1H FY25 12 Al
Slide 13: Cloud Services & Government Financial Performance
Cloud Services & Government Financial Performance. Cloud Services and Government Cloud Services and Government Revenue ($m) EBITDA ($m) 102.4 103.8 103.9 25.8 26.2 25.6 95.4 96.5 24.0 24.6 22.7 84.3 2H22 1H23 2H23 1H24 2H24 1H25 2H22 1H23 2H23 1H24 2H24 1H25 Over the last 3 years: ● Revenue CAGR of
Slide 14: Data Centres Financial Performance
Data Centres Financial Performance. Data Centres Revenue ($m) Data Centres EBITDA ($m) 17.4 18.1 39.5 16.9 16.4 16.7 17.2 34.3 35.7 31.7 32.7 28.5 2H22 1H23 2H23 1H24 2H24 1H25 2H22 1H23 2H23 1H24 2H24 1H25 Over the last 3 years: ● Revenue CAGR of 23.5% ● EBITDA CAGR of 21.0% EBITDA margin of 45.8%
Slide 15: Telecom Financial Performance
Telecom Financial Performance. Telecom Revenue ($m) Telecom EBITDA ($m) 59.8 59.8 60.9 12.4 12.5 58.3 59.0 57.4 10.9 11.2 9.3 8.2 2H22 1H23 2H23 1H24 2H24 1H25 2H22 1H23 2H23 1H24 2H24 1H25 Over the last 3 years: ● Revenue CAGR of (-1.7)% ● EBITDA CAGR of 19.3% EBITDA margin of 21.7% in 1H FY25 15 A
Slide 16: Growth Capex, Customer Growth Capex and 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. ● The Group has Cash and cash equivalents of $16.1 ● Operating cash flow of $40.9 million in 1H FY25, includes an million, $75.0 million in cash deposits plus undrawn debt income tax payment for FY24 $20.3 million. When comparing facility of $450.0 million for growth init
Slide 18: Outlook: Data Centres
Outlook: Data Centres We successfully obtained a modification to our IC3 SuperWest DA to increase the density to 47MW. This allows us to meet the needs of the AI and cloud megatrends. Access to 63MW of power is available upon opening of IC3 SuperWest. Phase 1 construction cost is expected to be circ
Slide 19: Outlook
Outlook. FY25 EBITDA is expected to be approximately $112 to $115 million which includes Macquarie Data Centres’ EBITDA of $36 to $37 million. Continuing investment across the Group to drive future profitable growth. CS&G 1H FY25 EBITDA margin is expected to be maintained through FY25. The impact of
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