Macquarie Technology Group Limited · ASX:MAQ
Macquarie Technology — FY2021 Earnings Presentation
22 slides from Macquarie Technology's earnings presentation, Aug 25, 2021
Slide 1: Full Year Results 2021
Full Year Results. 2021. 25 August 2021 Authorised for release by the board of directors of Macquarie Telecom Group Limited
Slide 2: Business design
Business design. Business Areas Percentage of Revenue and EBITDA in FY21 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 $285.1m $73.8m $12.5m 58.6 ps ● Seven consecutive years of EBITDA growth. ● Remaining undrawn debt facility of $58m to fund the continued IC3 data centre capacity ● EBITDA CAGR of 15.6% over the last 3 years. expansion. ● Macquarie Data Centres has
Slide 4: Business Highlights Summary
4 Macquarie Telecom Macquarie Cloud Services ● Strong cross sell of Cloud Services solutions into Telecom’s ● Continues to grow successfully leveraging the Hybrid IT customers megatrend of colocation private cloud and public cloud ● #1 in Asia Pacific for SD WAN with over 5,000 sites activated ● Ach
Slide 5: A Differentiated Offering
A Differentiated Offering. Macquarie Telecom Group | Full Year Results 2021
Slide 6: +75 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: 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 9: Macquarie Park Data Centre Campus
Macquarie Park Data Centre Campus. Located in the Sydney North Zone. IC3 East (Phase 1) successfully delivered on budget in 2H FY21. In November last year MDC announced the win of a long-term contract with a leading corporation for approximately 10MW of IT Load at IC3 East. Fit out works in relation
Slide 10: IC3 Super West
IC3 Super West IC3 Super West is a new data centre with 32 MW of IT Load which takes the Macquarie Park Data Centre Campus to 50MW IT Load over time. State Significant Development Application process is expected to shorten the planning cycle - likely to run until early CY22. Construction and funding
Slide 11: Canberra Data Centre Campus
Canberra Data Centre Campus. IC4 and IC5 have received “Certified Strategic” accreditation from the Australian Government which is the highest level available. One of the first three operators to be Certified Strategic means that we are able to provide the highest level of security compliance availa
Slide 12: Our private cloud continues to be a key source of data centre utilization
Our private cloud continues to be a key source of data centre utilization 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 13: Financials
Financials. Macquarie Telecom Group | Full Year Results 2021
Slide 14: Financial Results
14 Financial Results. $m FY20 FY21 FY21 v FY20 % change Total Revenue Telecom 139.6 135.1 (4.5) (3.2%) Cloud Services & Government 108.4 131.5 23.1 21.3% Data Centres 35.2 38.7 3.5 9.9% Inter-Segment (17.0) (20.2) (3.2) 18.8% Total Revenue 266.2 285.1 18.9 7.1% EBITDA Telecom 19.1 18.5 (0.6) (3.1%)
Slide 15: Group Financial Performance
15 Group Financial Performance. Group Revenue ($m) Group EBITDA ($m) 121.0 125.6 131.9 134.3 143.6 141.5 25.4 26.7 31.6 33.6 36.4 37.4 1H19 2H19 1H20 2H20 1H21 2H21 1H19 2H19 1H20 2H20 1H21 2H21 • Over the last 3 years: – Revenue CAGR of 6.9% – EBITDA CAGR of 15.6% • EBITDA margin 25.9% in FY21 Macq
Slide 16: Financial Performance – Cloud Services & Government
16 Financial Performance – Cloud Services & Government Cloud Services and Government Cloud Services and Revenue ($m) Government EBITDA ($m) 51.9 56.5 64.8 66.7 13.5 15.7 18.0 18.4 1H20 2H20 1H21 2H21 1H20 2H20 1H21 2H21 • Revenue grew by 21.4% compared to FY20 • EBITDA grew by 25.0% compared to FY20
Slide 17: Financial Performance – Data Centres
17 Financial Performance – Data Centres Data Centres Revenue ($m) Data Centres EBITDA ($m) 17.4 17.8 19.6 19.1 8.7 8.2 9.3 9.6 1H20 2H20 1H21 2H21 1H20 2H20 1H21 2H21 • Data Centres revenue increased 9.7% compared to FY20 • EBITDA increased 12.0% compared to FY20 • EBITDA margin 49.0% in FY21 • Data
Slide 18: Financial Performance – Telecom
18 Financial Performance – Telecom Telecom Revenue ($m) Telecom EBITDA ($m) 70.4 70.4 71.1 68.5 68.7 66.4 10.1 9.8 9.4 9.7 9.1 9.4 1H19 2H19 1H20 2H20 1H21 2H21 1H19 2H19 1H20 2H20 1H21 2H21 • Over the last 3 years: – Revenue CAGR of (1.8)% – EBITDA CAGR of (4.2)% • EBITDA margin 13.7% in FY21 Macqu
Slide 19: Growth Capex
19 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 20: Balance Sheet & Cash Flows
20 20 Balance Sheet & Cash Flows. $m FY20 FY21 ● Cash and cash equivalents of $19.8m. The Cash & Cash Equivalents 37.9 19.8 undrawn debt facility amounts to $58m which Other Current Assets 44.0 73.5 allows us to complete IC3E fit out work and Non Current Assets 242.4 328.8 pursue other growth initia
Slide 21: Outlook
21 Outlook. ● The Company’s EBITDA will continue to grow in FY22. Due to investments being made in Data Centres and Cloud Services & Government the EBITDA growth will be in 2H FY22. ● We will continue to develop public cloud capability to enhance the current hybrid cloud offering. ● We see strong de
Slide 22: Outlook
22 Outlook. ● Depreciation and amortisation for FY22 is expected to be $71 to $74 million, driven by significant ramp up in IC3 expenditure in FY21. Telecom depreciation will remain broadly flat at $17 to $18 million in FY22 and Hosting will increase from $31.2 million in FY21 to $53 to $56 million
Macquarie Technology Group — FY2021 Earnings Presentation on 6ix