3QFY21 Business Update

BUSINESS UPDATE 3Q FY21 Snapshot Improvement in Sales Momentum . Customer and port additions increased in the 2nd half of 3Q FY21, and this has continued into 4Q New CRO Rodney Foreman has improved sales discipline leading to greater focus on lead generation, building the sales pipeline and deal progression Strong sales pipeline points to accelerating QoQ growth in Underlying MRR¹ Business remains on track to achieve EBITDA breakeven, on a run rate basis, by June 2021 Expanding Channel (Indirect Sales) Capabilities Build out of Partner Ecosystem continues, including expanding relationships with our Managed Service Providers, Global Systems Integrators, Value Added Resellers, Cloud Service Providers and Value Added Distributors Hiring for key Indirect Sales team positions to work with leading distributors and resellers Q3 was marked by an improvement in sales momentum, with the strong sale pipeline now pointing to an acceleration in the growth in Underlying MRR¹ Investment in the Indirect Sales team and marketing, along with the partial relaxation of some travel restriction, is increasing confidence regarding a sustained improvement in sales momentum into FY22 1. Growth in Underlying MRR refers to the QoQ growth in MRR, excluding the estimated impact of FX movements Megaport 13

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