3QFY21 Business Update
1HFY21 FINANCIAL PERFORMANCE
Operating Leverage (month of December¹)
Group (A$ million)
Revenue growth
81%
8
6
4
2
0
-2
58%
73%
36%
Margin Trends
1
-4
Dec-16
Dec-17
Dec-18
Dec-19
Dec-20
Revenue
Gross Margin
Normalised EBITDA
Margins
Profit after Direct Network Cost Margin %
Group EBITDA Margin %
Dec-16
(16%)
Dec-17
Dec-18
26%
37%
Dec-19
53%
Dec-20
54%
n.m.
(120%)
(80%)
(30%)
(15%)
Group EBITDA loss narrowed in Dec-20 as all regions were EBITDA positive in 2QFY21
1. All figures are for the month of December
2 Direct network costs comprise data centre power and space, physical cross connect fees, bandwidth and dark fibre, network operation and maintenance, and channel commissions which are directly related to
generating the service revenue of Megaport Group.
Group Profit after direct network
cost 2 margin has continued to
expand as MRR growth has
outstripped growth in direct
network costs
Group EBITDA margin has
significantly improved as all regions
were EBITDA positive in 2QFY21
Megaport
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