Megaport Ltd. · ASX:MP1
Megaport — Investor Presentation (January 2023)
27 slides from Megaport's investor presentation, Jan 31, 2023
Slide 1: Global Update 2QFY23
GLOBAL UPDATE 2QFY23 MEGAPORT LIMITED | ACN 607 301 959 | ASX: MP1 | JANUARY 2023
Slide 2: Company Highlights 2QFY23
COMPANY FINANCIAL CAPEX AND APPENDIX HIGHLIGHTS PERFORMANCE COST CONTROL COMPANY HIGHLIGHTS 2QFY23
Slide 3: Q2 Highlights
COMPANY HIGHLIGHTS Q2 HIGHLIGHTS Strong EBITDA growth Continued focus on operating efficiency Building activity in Indirect Sales Channel Staying ahead of Cloud & IT trends Interconnection fabric powering leading enablers PAGE 3
Slide 4: Key Performance Indicators
COMPANY HIGHLIGHTS KEY PERFORMANCE INDICATORS Strategic Port consolidation impact 165 123 102 203 61 Customer 1G Port consolidation impact PAGE 4
Slide 5: Key Performance Indicators
COMPANY HIGHLIGHTS KEY PERFORMANCE INDICATORS *Underlying Growth in MRR is the QoQ growth in MRR excluding the estimated impact of FX movements PAGE 5
Slide 6: Monthly Recurring Revenue Performance 2QFY23 (AUD)
COMPANY HIGHLIGHTS MONTHLY RECURRING REVENUE PERFORMANCE 2QFY23 (AUD) North America Asia Pacific Europe Global 2QFY23 2QFY23 2QFY23 2QFY23 $7.1M $3.4M $1.9M $12.4M $0.6M 9% $0.1M 3% $0.1M 7% $0.8M 6% 1QFY23: $6.5M 1QFY23: $3.3M 1QFY23: $1.8M 1QFY23: $11.6M Note: Growth rates are calculated using the
Slide 7: EBITDA Journey (AUD)
COMPANY HIGHLIGHTS EBITDA JOURNEY (AUD) “Scale up, Scale Out” PAGE 7
Slide 8: PartnerVantage Continues to Grow (AUD)
COMPANY HIGHLIGHTS PARTNERVANTAGE CONTINUES TO GROW (AUD) +26% +26% +43% +31% -3% PAGE 8
Slide 9: Leading Companies Trust Megaport
COMPANY HIGHLIGHTS LEADING COMPANIES TRUST MEGAPORT Fortune 100 23 Customers 23% Fortune 500 88 Customers 18% Fortune 1000 157 Customers 16% ASX 100 36 Customers 36% ASX 200 50 Customers 25% PAGE 9
Slide 10: Financial Performance 2QFY23
COMPANY FINANCIAL CAPEX AND APPENDIX HIGHLIGHTS PERFORMANCE COST CONTROL FINANCIAL PERFORMANCE 2QFY23
Slide 11: Unaudited Financial Results
FINANCIAL PERFORMANCE UNAUDITED FINANCIAL RESULTS 2QFY23 2QFY22 QoQ 1HFY23 1HFY22 YoY UNAUDITED FINANCIAL RESULTS Consolidated Profit & Loss $’M AUD $’M AUD % $’M AUD $’M AUD % FOR THE QUARTER ENDED 31 DECEMBER 2022 Revenue of $37.0M up $3.3M, 10% Revenue 37.0 26.6 39% 70.7 51.2 38% from 1QFY23 and
Slide 12: Unaudited Financial Results
FINANCIAL PERFORMANCE UNAUDITED FINANCIAL RESULTS 2QFY23 2QFY22 QoQ 1H FY23 1HFY22 YoY UNAUDITED FINANCIAL RESULTS Consolidated Cash Flow $’M AUD $’M AUD % $’M AUD $’M AUD % FOR THE QUARTER ENDED 31 DECEMBER 2022 Normalised EBITDA1 2.4 (4.1) 159% 3.4 (7.3) 147% Cash from operations was an inflow Wor
Slide 13: Capex and Cost Control
COMPANY FINANCIAL CAPEX AND APPENDIX HIGHLIGHTS PERFORMANCE COST CONTROL CAPEX AND COST CONTROL
Slide 14: Capex by Financial Year (AUD)
CAPEX CAPEX BY FINANCIAL YEAR (AUD) Annual CapEx: FY22 $39M, FY23 $33M (forecast), FY24 $28M - $30M (projected) FY24 may change depending on global opportunity, impacts of FX or pausing of discretionary spend. PAGE 14
Slide 15: Capex by Half Year (AUD)
CAPEX CAPEX BY HALF YEAR (AUD) Annual CapEx: FY22 $39M, FY23 $33M (forecast), FY24 $28M - $30M (projected) BAU includes normal expansion of footprint, densification of on-ramps within the network, ongoing capacity enhancement, and all IP development work. PAGE 15
Slide 16: Operating Efficiency
COST CONTROL OPERATING EFFICIENCY Cost Out Program ● Major Cost Out program initiated in Q2 ● $8M- $10M annual cost / cash savings identified across 7 workstreams ● Majority of savings related to consolidation of cloud on-ramps and network operations in part enabled by 100/400 Gbps upgrade investmen
Slide 17: Thank You
THANK YOU ASX: MP1 ON THE WEB: megaport.com/investor megaport.com/media-centre SOCIAL: /megaportnetworks @megaport @megaportnetwork MEGAPORT LIMITED | ACN 607 301 959 | ASX: MP1
Slide 18: Important Information
IMPORTANT INFORMATION This presentation has been authorised by the Board of Megaport. Megaport Limited ACN 607 301 959 Nothing in this presentation should be construed as either an offer to sell or a All references to “$” are to Australian currency (AUD) unless otherwise noted. solicitation of an of
Slide 19: Appendix 2QFY23 (USD)
COMPANY FINANCIAL CAPEX AND APPENDIX HIGHLIGHTS PERFORMANCE COST CONTROL APPENDIX 2QFY23 (USD)
Slide 20: Key Performance Indicators (USD)
COMPANY HIGHLIGHTS KEY PERFORMANCE INDICATORS (USD) *Underlying Growth in MRR is the QoQ growth in MRR excluding the estimated impact of FX movements PAGE 20
Slide 21: Monthly Recurring Revenue Performance 2QFY23 (USD)
COMPANY HIGHLIGHTS MONTHLY RECURRING REVENUE PERFORMANCE 2QFY23 (USD) North America Asia Pacific Europe Global 2QFY23 2QFY23 2QFY23 2QFY23 $4.7M $2.3M $1.3M $8.3M $0.3M 7% $0.1M 5% $0.1M 8% $0.5M 7% 1QFY23: $4.4M 1QFY23: $2.2M 1QFY23: $1.2M 1QFY23: $7.8M Note: Growth rates are calculated using the a
Slide 22: EBITDA Journey (USD)
COMPANY HIGHLIGHTS EBITDA JOURNEY (USD) “Scale up, Scale Out” PAGE 22
Slide 23: PartnerVantage Continues to Grow (USD)
COMPANY HIGHLIGHTS PARTNERVANTAGE CONTINUES TO GROW (USD) +28% +43% +31% -2% PAGE 23
Slide 24: Unaudited Financial Results
APPENDIX UNAUDITED FINANCIAL RESULTS 2QFY23 2QFY22 QoQ 1HFY23 1HFY22 YoY UNAUDITED FINANCIAL RESULTS Consolidated Profit & Loss FOR THE QUARTER ENDED 31 DECEMBER 2022 % % $’M USD $’M USD $’M USD $’M USD Revenue 24.4 19.3 26% 47.4 37.4 27% Revenue of $24.4M up $1.4M, 6% Direct network costs (5.3) (5.
Slide 25: Unaudited Financial Results
APPENDIX UNAUDITED FINANCIAL RESULTS 2QFY23 2QFY22 QoQ 1HFY23 1HFY22 YoY UNAUDITED FINANCIAL RESULTS Consolidated Cash Flow $’M USD $’M USD % $’M USD $’M USD % FOR THE QUARTER ENDED 31 DECEMBER 2022 Normalised EBITDA1 1.5 (3.0) 150% 2.3 (5.3) 143% Cash from operations was an outflow Working Capital
Slide 26: Capex by Financial Year (USD)
CAPEX CAPEX BY FINANCIAL YEAR (USD) Annual CapEx: FY22 $28M, FY23 $22M (forecast), FY24 $18M - $20M (projected) FY24 may change depending on global opportunity, impacts of FX or pausing of discretionary spend. PAGE 26
Slide 27: Capex by Half Year (USD)
CAPEX CAPEX BY HALF YEAR (USD) Annual CapEx: FY22 $28M, FY23 $22M (forecast), FY24 $18M - $20M (projected) BAU includes normal expansion of footprint, densification of on-ramps within the network, ongoing capacity enhancement, and all IP development work. PAGE 27