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Megaport Limited megaport.com | Megaport ACN 607 301 959 Management Presentation Initial Public Offer November 2015

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Page 1: pdf?id=1UXtmoiJ0TaY9265CpamsvvwKGfVoeUTageid=g7372dec3d … · 2019-04-15 · Megaport believes there is a significant opportunity in helping interconnect these facilities improve

Mega

port

Limite

d

mega

port.c

om | M

egap

ort AC

N 60

7 301

959

Mana

geme

nt Pr

esen

tation

Initia

l Pub

lic O

ffer

Nove

mber

2015

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This

pres

entat

ion co

ntain

s forw

ard-lo

oking

state

ment

s abo

ut th

e fina

ncial

posit

ion, p

erform

ance

and p

rospe

cts of

Meg

aport

Limi

ted (M

egap

ort)

and s

ets ou

t the

plan

s and

objec

tives

of th

e man

agem

ent o

f Meg

aport

. Suc

h forw

ard-lo

oking

state

ment

s inv

olve b

oth kn

own a

nd un

know

n risk

s, un

certa

inties

, ass

umpt

ions a

nd ot

her im

porta

nt fa

ctors

which

are b

eyon

d the

cont

rol of

Meg

aport

and c

ould

caus

e the

actua

l outc

omes

to be

ma

terial

ly dif

feren

t from

the e

vent

s or r

esult

s exp

resse

d or im

plied

by su

ch st

ateme

nts.

None

of M

egap

ort, it

s offic

ers, a

dvise

rs or

any o

ther

perso

n mak

es an

y rep

resen

tation

, ass

uranc

e or g

uaran

tee as

to th

e acc

uracy

or lik

eliho

od of

fulfil

ment

of an

y forw

ard-lo

oking

state

ment

s or a

ny

outco

mes e

xpres

sed o

r impli

ed by

any f

orward

-look

ing st

ateme

nts.

The i

nform

ation

cont

ained

in th

is pr

esen

tation

does

not t

ake i

nto a

ccou

nt in

vesto

rs’ in

vestm

ent o

bjecti

ves, f

inanc

ial si

tuatio

n or p

articu

lar ne

eds.

Befor

e mak

ing an

inve

stmen

t dec

ision

, inve

stors

shou

ld co

nside

r the

ir own

need

s and

situa

tion a

nd, if

nece

ssary

, seek

profe

ssion

al ad

vice.

To th

e max

imum

exten

t perm

itted

by la

w, no

ne of

Meg

aport

, its o

fficers

, adv

isers

or an

y oth

er pe

rson a

ccep

ts an

y liab

ility f

or an

y los

s aris

ing

from

relian

ce on

the i

nform

ation

in th

is pr

esen

tation

.

Mega

port

will b

e mak

ing th

e offe

r for s

hares

unde

r a pr

ospe

ctus t

o be m

ade a

vaila

ble to

inve

stors

upon

its lo

dgem

ent w

ith AS

IC on

or ar

ound

20

Nove

mber

2015

. A co

py of

the p

rospe

ctus w

ill be

mad

e ava

ilable

onlin

e at w

ww.m

egap

ort.co

m aft

er it h

as be

en lo

dged

with

ASIC

or ele

ctron

ically

by re

ques

t to M

egap

ort or

Morg

ans C

orpora

te Lim

ited.

You s

hould

read

and c

onsid

er th

e pros

pectu

s in i

ts en

tirety

befor

e dec

iding

wh

ether

to ac

quire

share

s in M

egap

ort. I

f you

wish

to ac

quire

share

s in M

egap

ort yo

u will

need

to co

mplet

e the

appli

catio

n form

that

will b

e in o

r ac

comp

any t

he pr

ospe

ctus.

2

Disc

laime

r

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3

Marke

t Opp

ortun

ity

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Grow

th in

Data

Cent

re Tra

ffic

Imag

e: C

loud

dat

a ce

ntre

ver

sus

tradi

tiona

l dat

a ce

ntre

traf

fic g

row

thS

ourc

e: C

isco

Clo

ud G

loba

l Ind

ex 2

013-

2018

Cloud

Data

Cent

re tra

ffic is

ex

pecte

d to g

row at

32%

CAGR

.

IaaS,

PaaS

, Saa

S bus

iness

es

are no

w ex

perie

ncing

ma

ssive

grow

th le

d by

busin

esse

s suc

h as

Amaz

on W

eb Se

rvice

s.

Mega

port’

s uniq

ue

tech

nolog

y ena

bles f

ast

acqu

isitio

n of b

andw

idth

to su

ppor

t a cu

stome

r’s

unfo

resee

n or e

xpec

ted

traffi

c gro

wth.

44

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5

Conn

ectin

g the

clou

dInf

rastru

cture

is ve

ry div

erse i

n eac

h mark

et.

Servi

ces a

re sp

read i

nto

many

addr

esse

s acro

ss

each

metr

o with

few

place

s to r

each

them

.

The d

ifficu

lty of

int

ercon

necti

on is

kn

owing

whe

re th

ings

are an

d how

to ge

t to

them

with

spee

d and

co

st ef

fecti

vene

ss.

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Marke

t Opp

ortun

ity

Imag

e: S

tylis

tic re

pres

enta

tion

of th

ird p

arty

dat

a ce

ntre

sS

ourc

e: C

loud

Sce

ne (w

ww

.clo

udsc

ene.

com

)

Many

clou

d and

netw

ork

prov

iders

are tr

ying t

o rap

idly e

xpan

d the

ir off

ering

s to a

s man

y ma

rkets

as po

ssibl

e to

servi

ce as

man

y part

ners

and e

nterp

rise c

ustom

ers

to gr

ow th

eir m

arket

share

an

d buil

d sca

le.

Servi

ces a

re gr

owing

to

new

region

s eve

ry ye

ar bu

t not

every

data

cent

re ca

n con

nect

their

clien

ts to

thos

e serv

ices d

irectl

y.

There

are o

ver 4

,000 t

hird-p

arty d

ata

cent

re pr

ovide

rs in

more

than

100

coun

tries

*

Less

than

half o

f the

se fa

cilitie

s hav

e a

peeri

ng se

rvice

An ev

en sm

aller

perce

ntag

e hav

e a

cloud

netw

orkin

g exc

hang

e

66

Mega

port

belie

ves t

here

is a s

ignific

ant o

ppor

tunit

y in h

elping

inte

rconn

ect t

hese

fac

ilities

impr

ove t

heir l

evel

of ac

cess

to th

e vari

ous C

SP’s a

nd ca

rrier

netw

orks

.

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7

Tradit

ionall

y int

ercon

necti

ons w

ere pr

imari

ly ac

hieve

d by e

stabli

shing

sepa

rate c

onne

ction

s be

twee

n eac

h poin

t or lo

catio

n. Cu

stome

rs req

uired

a se

parat

e int

ercon

necti

on fo

r eac

h loc

ation

an

d the

se w

ould

have

to be

orde

red on

long

-term

cont

racts

with

long

lead

times

.

The O

ld W

ay to

Inter

conn

ect

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8

We h

ave c

reated

a be

tter w

ay fo

r netw

orks a

nd cl

oud t

o inte

rconn

ect

Introd

ucing

...

Page 9: pdf?id=1UXtmoiJ0TaY9265CpamsvvwKGfVoeUTageid=g7372dec3d … · 2019-04-15 · Megaport believes there is a significant opportunity in helping interconnect these facilities improve

Mega

port

was f

ound

ed in

2013

with

the a

im of

beco

ming

a glo

bal le

ader

in th

e fas

t gr

owing

elas

tic in

terco

nnec

tion s

ervice

s mark

et. U

sing S

oftwa

re De

fined

Netw

orking

th

e Com

pany

has d

evelo

ped a

platf

orm th

at pr

ovide

s cus

tomers

with

the a

bility

to

prov

ision

inter

conn

ectio

n circ

uits b

etwee

n the

ir netw

ork an

d oth

er ne

twork

s co

nnec

ted to

the M

egap

ort Fa

bric.

Servi

ces c

an be

direc

tly co

ntrol

led by

the c

ustom

er via

a mo

bile d

evice

such

as m

obile

phon

e or t

ablet

, their

comp

uter o

r our

open

API.

9

Wha

t is M

egap

ort?

Mega

port

now

opera

tes

acros

s 6 m

arkets

in 4

coun

tries

.

Mega

port

is an

Amaz

on

AWS T

echn

ology

Pa

rtner,

Micr

osof

t Azu

re Ex

pres

sRou

te Pa

rtner

and A

sia’s f

irst G

oogle

Clo

ud In

terco

nnec

tion

partn

er.

Mega

port

has o

ver 2

00 ac

tive

custo

mers

today

and p

artne

rs wi

th m

ajor c

loud s

ervice

pr

ovide

rs, ne

twork

opera

tors,

and c

onten

t prov

iders.

Custo

mers

conn

ecte

d to t

he

Mega

port

Fabr

ic ha

ve ac

cess

to cl

oud,

carri

er, an

d con

tent

se

rvice

s fro

m an

y Meg

apor

t co

nnec

ted d

ata ce

ntre.

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Elasti

c con

necti

vity i

s a te

rm us

ed to

defin

e a co

nnec

tion

which

prov

ides c

ustom

ers w

ith th

e flex

ibility

to va

ry th

eir

conn

ectiv

ity se

rvice

requ

ireme

nts b

ased

upon

their

actua

l de

mand

.

Custo

mers

can p

rovisi

on an

elas

tic in

terco

nnec

t betw

een

other

parti

cipan

ts for

as sh

ort as

a da

y or fo

r as l

ong a

s a

year,

for a

s sma

ll as 1

Mbps

to as

muc

h as 1

00Gb

ps.

10

Introd

ucing

elas

tic co

nnec

tivity

Mega

port

align

s ne

twor

king e

cono

mics

to

cloud

comp

uting

mod

els.

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11

Mega

port’s

elas

tic Vi

rtual

Cros

s Con

nectTM

Mega

port

prov

ides u

sers

with

flexib

le co

ntrac

t term

s offe

ring d

aily, m

onth

ly or

yearl

y opt

ions

comp

ared t

o the

mult

i-yea

r con

tracts

typic

al of

the o

ld int

ercon

necti

on pl

atform

s. Meg

aport

’s cu

stome

r prop

ositio

n is a

quick

er, co

st-eff

ectiv

e, an

d more

user-

frien

dly pr

oduc

t.

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Key d

rivers

for s

cale

of

the b

usine

ss mo

del, a

nd

reven

ues, c

onsis

t of:

Band

widt

h grow

th

Partn

er ac

quisi

tion f

or se

rvice

s and

parti

cipati

on

Grow

th of

ecos

ystem

of

users

and s

ervice

s

Long

-term

grow

th of

clo

ud se

rvice

s

Mega

port

Comm

ercial

Mod

elTh

e Meg

apor

t com

merci

al mo

del c

onsis

ts of

:

▪A r

ecurr

ing ch

arge f

or ac

cess

to th

e Fab

ric in

the f

orm of

phys

ical E

thern

et po

rts

at sp

eeds

of 1G

bE, 10

GbE,

40Gb

E, an

d 100

GbE

▪Va

riable

and s

calin

g rec

urring

charg

es fo

r virt

ual in

terco

nnec

tion s

ervice

s, suc

h as

the V

XC an

d clou

d netw

orking

prod

ucts

▪Va

riable

and s

calin

g rec

urring

charg

es fo

r add

itiona

l netw

ork se

rvice

s suc

h as

inters

tate a

nd in

terna

tiona

l con

necti

on se

rvice

s con

necti

ng

1212

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Mega

port

Adva

ntag

es

Spee

d to m

arket

Partn

ership

de

velop

ment

Opera

tion c

osts

are lo

wLo

w Ca

pex

mode

l

13

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14

Custo

mer U

se Ca

se

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15

Mega

port

Marke

tsMe

gapo

rt op

erates

in se

veral

ma

rkets

which

have

been

se

lected

base

d on c

arrier

and

servi

ce pr

ovide

r den

sity, a

nd

uniqu

e cus

tomer

base

s.

Thes

e cus

tomer

profi

les va

ry fro

m tra

dition

al tel

ecom

munic

ation

s carr

iers,

mode

rn Cl

oud S

ervice

s Pr

ovide

rs, an

d ent

erpris

es.

Glob

al pa

rtners

hips h

ave

been

form

ed w

ith Am

azon

, Go

ogle,

and M

icros

oft t

o pr

ovide

clou

d net

worki

ng

servi

ces i

nto t

heir r

espe

ctive

pla

tform

s.

15

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16

In 20

13-20

14, M

egap

ort la

unch

ed se

rvice

s int

o 24 d

ata ce

ntres

acro

ss Sy

dney

, Br

isban

e and

Melb

ourn

e, inc

luding

co

nnec

tivity

betw

een a

ll mark

ets.

This

roll o

ut w

as ac

hieve

d in 1

8 mon

ths a

nd

the s

ervice

has a

lread

y acq

uired

over

200

activ

e cus

tome

rs.

Each

mark

et in

this

region

also

gene

rated

su

fficie

nt re

venu

e to c

over

opera

tions

co

sts w

ithin

12 m

onth

s.

The t

ime s

pent

educ

ating

the m

arket,

and s

ubse

quen

tly th

e int

ernati

onal

marke

t, on t

he va

lue of

elas

tic fa

brics

and t

he

Mega

port

Fabr

ic ha

s mad

e this

the m

ost d

evelo

ped a

nd

matur

e mark

et to

date.

Austr

alia

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17

Austr

alia C

onne

ction

Grow

th - 1

year

Nove

mber

2014

May 2

015

Curre

nt D

ay 20

15

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18

In Fe

brua

ry 20

15, M

egap

ort la

unch

ed

10 ne

w loc

ation

s in N

ew Ze

aland

, Ho

ng Ko

ng an

d Sing

apor

e.

New

Zeala

nd pr

ovide

s lon

g-hau

l co

nnec

tivity

capa

bility

back

to

Austr

alia e

nabli

ng cl

oud e

xcha

nge

servi

ces i

n a m

arket

prev

iously

not

avail

able

to Am

azon

and M

icros

oft.

Mega

port

will s

oon e

nable

co

nnec

tivity

capa

bilitie

s bet

ween

Ho

ng Ko

ng an

d Sing

apor

e to e

nable

clo

ud ex

chan

ge se

rvice

s.

Rece

ntly

the C

ompa

ny ha

s emp

loyed

dedic

ated s

ales s

taff

thes

e ma

rkets.

A Nort

h Ame

rican

head

quart

ers w

as es

tablis

hed i

n San

Fra

ncisc

o in A

ugus

t 201

5.

Intern

ation

al Ex

pans

ion in

2015

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19

Mega

port

Expa

nsion

The U

nited

State

s and

Wes

tern

Euro

pe ar

e hom

e to

some

of th

e mos

t matu

re an

d dev

elope

d int

ercon

necti

on m

arket

s in t

he w

orld

cont

aining

da

rk fib

re ne

twor

ks, d

ata ce

ntres

, subm

arine

cable

lan

ding s

tation

s, con

tent

and a

cces

s net

works

ut

ilising

this

critic

al inf

rastru

cture.

Mega

port

has t

argete

d loc

ation

s with

a mi

x of

custo

mer d

ensit

y, carr

ier ne

utral

facilit

ies an

d sp

ecial

ised d

ata ce

ntre

opera

tors w

here

Mega

port

can

prov

ide a

comm

on gr

ound

of el

astic

fabr

ic se

rvice

s.

Mega

port

has i

dent

ified a

numb

er of

beac

h hea

d loc

ation

s to e

stabli

sh se

rvice

s in t

hese

regio

ns.

*Num

ber o

f pla

nned

new

Dat

a C

entre

loca

tions

in e

ach

mar

ket.

Num

bers

may

var

y de

pend

ing

on ri

sk fa

ctor

s in

sec

tion

6

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1 Increa

se re

ach &

leve

rage f

irst m

over

adva

ntag

e

2 Driv

e low

-cost

deplo

ymen

ts wi

th qu

ick co

st rec

overy

3 Hire

to gr

ow se

rvice

s and

reve

nue

20

Strate

gy fo

r Grow

th4 In

creas

e mark

eting

powe

r and

custo

mer a

cquis

ition

5 Furt

her d

evelo

p part

ner in

tegrat

ion

6 Integ

rate t

o Clou

d Serv

ice Pr

ovide

r port

als

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21

Mega

port

Board

of D

irecto

rs

Bev

an S

latt

ery

Foun

der &

Exe

cutiv

e C

hairm

an

Beva

n is o

ne of

the m

ost s

ucce

ssful

IT

and t

eleco

mmun

icatio

ns en

trepr

eneu

rs in

Austr

alia w

ith an

earlie

r care

er in

admi

nistra

tion i

n loc

al an

d stat

e go

vern

ment

.

Den

ver M

addu

x C

hief

Exe

cutiv

e O

ffice

r & E

xecu

tive

Dire

ctor

Denv

er ha

s bee

n work

ing in

the I

ntern

et ind

ustry

sinc

e 199

4 with

key c

ompa

nies

desig

ning i

nfras

tructu

re an

d con

tribu

ting

intell

ectua

l prop

erty t

o larg

e-sca

le, gl

obal

netw

orks a

nd se

rvice

s.

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22

Mega

port

Board

of D

irecto

rs

Sim

on M

oore

Dire

ctor

Simon

Moo

re is

Mana

ging D

irecto

r an

d a G

lobal

Partn

er of

The C

arlyle

Gr

oup.

Prior

to jo

ining

The C

arlyle

Gr

oup i

n 200

5, Sim

on w

as a

Mana

ging D

irecto

r and

Inve

stmen

t Co

mmitt

ee M

embe

r of In

vestc

orp

Intern

ation

al, In

c., ba

sed i

n New

York.

Dre

w K

elto

nD

irect

or

Drew

is th

e Man

aging

Dire

ctor fo

r Do

cusig

n Inc

. in As

ia Pa

cific.

His

caree

r has

span

ned o

ver 3

0 yea

rs as

a glo

bal b

usine

ss le

ader

and

profe

ssion

al bo

ard di

rector

in th

e ICT

and t

eleco

mmun

icatio

ns

arena

.

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23

Mega

port

Lead

ership

Team

Belle

Lajoi

eEV

P Terr

aform

ing AP

AC

Belle

has b

een i

n the

Int

ernet

indus

try fo

r sev

en

years

work

ing on

deliv

ering

lar

ge-sc

ale sa

les an

d op

eratio

ns so

lution

s to

peeri

ng, d

ata ce

ntre,

dark

fibre

infras

tructu

re, an

d se

rvice

s org

anisa

tions

.

Bryn

n Mad

dux

EVP T

errafo

rming

Ameri

can

Bryn

n has

work

ed in

the

Intern

et ind

ustry

sinc

e 200

4, lea

ding g

lobal

teams

, str

ategic

reve

nue g

enera

tion,

busin

ess a

nd pr

oduc

t an

alytic

s, and

build

ing la

rge-

scale

netw

orks.

Vince

nt En

glish

Chief

Fina

ncial

Offic

er

Vince

nt ha

s a ba

ckgr

ound

in

telec

ommu

nicati

ons a

nd

manu

factur

ing in

dustr

ies

with

over

15 ye

ars co

mbine

d int

ernati

onal

expe

rtise

in

Finan

ce an

d Ope

ration

s.

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24

Mega

port

Lead

ership

Team

Cam

eron

Dan

iel

VP o

f Tec

hnol

ogy

& F

ound

ing

Engi

neer

Came

ron ha

s bee

n in t

he

telec

ommu

nicati

ons i

ndus

try fo

r th

e las

t five

years

, focu

sed o

n cre

ating

scala

ble, re

liable

ne

twork

s & de

liveri

ng th

e hig

hest

quali

ty op

eratio

nal

supp

ort an

d cus

tomer

servi

ce.

Eric

Tro

yer

Chi

ef M

arke

ting

Offi

cer

Eric h

as sp

ent t

he la

st 17

years

in

the I

ntern

et ne

twork

ing bu

sines

s. He

has w

orked

at M

SOs (

Cable

Co

mpan

ies), D

ata Ce

nters

, Inter

net

Exch

ange

Prov

iders,

and C

loud

Servi

ce co

mpan

ies.

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25

Busin

ess F

undin

gTh

e fun

ds to

be ra

ised

unde

r the

Offe

r will

prov

ide

addit

ional

worki

ng ca

pital

to co

mplet

e the

initia

l Ne

twork

expa

nsion

s in U

S an

d Euro

pean

mark

ets, h

ire

addit

ional

sales

pr

ofess

ionals

, inve

stiga

te ex

pans

ion op

portu

nities

int

o new

mark

ets an

d fun

d Of

fer co

sts.

IPO fu

nds t

ogeth

er wi

th ex

isting

cash

balan

ce of

$29.1

milli

on an

d ope

rating

reve

nue i

s ex

pecte

d to f

und t

he co

mpan

y for

at lea

st th

e nex

t 18 m

onth

s bas

ed on

curre

nt gr

owth

ob

jectiv

es an

d stra

tegy.

25

Use o

f IPO

Fund

sOp

eratin

g Cos

ts (in

cludin

g)$1

1.7 m

illion

Wor

king C

apita

l$3

.5 mi

llion

CAPE

X Cape

x to c

omple

te No

rth Am

erica

n Roll

-out

$4.0

millio

n

Cape

x for

Europ

ean R

oll-ou

t$1

.4 mi

llion

Cape

x of O

ther

Expa

nsion

oppo

rtunit

ies$2

.9 mi

llion

Paym

ent o

f cos

ts of

the O

ffer

$1.5

millio

n

Total

uses

$25.0

milli

on

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26

1.M

arke

t cap

italis

atio

n at

the

Offe

r Pric

e is

def

ined

as

the

Offe

r Pric

e m

ultip

lied

by th

e to

tal n

umbe

r of S

hare

s at

Lis

ting.

2.Th

e P

ro-fo

rma

Con

solid

ated

Bal

ance

She

et re

flect

s a

cash

and

cas

h eq

uiva

lent

s ba

lanc

e of

$33

.5 m

illio

n as

at t

he 3

1 Ju

ly 2

015.

In th

e pe

riod

from

1 A

ugus

t 201

5 up

to 3

1 O

ctob

er 2

015

the

Meg

apor

t gro

up h

as e

xpen

ded

$5.6

m

illio

n to

fund

cap

ital e

xpen

ditu

re, w

orki

ng c

apita

l and

net

ope

ratin

g ex

pend

iture

, res

ultin

g in

an

adju

sted

pro

-form

a ca

sh b

alan

ce a

t 31

Oct

ober

201

5 of

$29

.1 m

illio

n.3.

Ent

erpr

ise

valu

e at

the

Offe

r Pric

e is

def

ined

as

mar

ket c

apita

lisat

ion

at th

e O

ffer P

rice

of $

87.5

mill

ion,

less

adj

uste

d N

et C

ash

of $

29.1

mill

ion.

Key O

ffer S

tatist

ics

Offer

Price

per S

hare

$1.25

per S

hare

Total

numb

er of

Share

s offe

red un

der t

he O

ffer

20.0

millio

n

Total

cash

proc

eeds

rece

ived u

nder

the O

ffer

$25.0

milli

on

Total

numb

er of

Share

s on i

ssue

at co

mplet

ion of

the O

ffer

70.0

millio

n

Marke

t cap

italis

ation

at th

e Offe

r Pric

e1$8

7.5 m

illion

Pro-f

orma N

et Ca

sh an

d ban

k bala

nces

2 $3

3.5 m

illion

Adjus

ted Pr

o-form

a Net

Cash

and b

ank b

alanc

es2

$29.1

milli

on

Enter

prise

value

at th

e Offe

r Pric

e3$5

8.4 m

illion

Offer

Prop

osal

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27

Offer

Time

lines

Thes

e da

tes

are

indi

cativ

e on

ly a

nd m

ay c

hang

e. T

he C

ompa

ny, w

ith th

e ag

reem

ent o

f the

Joi

nt L

ead

Man

ager

s, re

serv

es th

e rig

ht to

am

end

any

and

all

of th

e ab

ove

date

s w

ithou

t not

ice

to y

ou (s

ubje

ct to

the

List

ing

Rul

es a

nd th

e C

orpo

ratio

ns A

ct).

Impo

rtant

Date

sPr

ospe

ctus l

odge

ment

date

20 N

ovem

ber 2

015

Brok

er Fir

m Of

fer op

ens

30 N

ovem

ber 2

015

Brok

er Fir

m Of

fer cl

oses

8 Dec

embe

r 201

5

Allotm

ent o

f Sha

res un

der t

he O

ffer

11 De

cemb

er 20

15

Expe

cted d

ispatc

h of h

olding

state

ment

s14

Dec

embe

r 201

5

Expe

cted c

omme

ncem

ent o

f trad

ing of

Share

s on t

he AS

X17

Dec

embe

r 201

5

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28

Share

holde

r Stru

cture

On Co

mplet

ion of

the O

ffer

Share

s (m)

Owne

rship

(%)

Beva

n Slat

tery

33.0

47.14

%

Denv

er Ma

ddux

4.05.7

1%

Othe

r boa

rd &

man

agem

ent

3.025

4.32%

Othe

r exis

ting s

hareh

olders

9.975

14.25

%

New

share

holde

rs20

.028

.57%

Total

70.0

100.0

%

Sha

res

held

by

empl

oyee

s, D

irect

ors

and

othe

r par

ties

rela

ted

to th

e D

irect

ors

will

be

subj

ect t

o m

anda

tory

esc

row

for e

ither

24

mon

ths

from

the

date

of a

dmis

sion

or 1

2 m

onth

s fro

m th

e da

te o

f iss

ues

of th

e S

hare

s. In

add

ition

, Den

ver

Mad

dux,

Bry

nn M

addu

x an

d B

elle

Laj

oie

have

als

o en

tere

d in

to v

olun

tary

esc

row

agr

eem

ents

for t

he b

alan

ce o

f the

ir S

hare

s w

hich

are

not

sub

ject

to m

anda

tory

esc

row

for a

per

iod

of 2

4 m

onth

s fro

m th

e da

te o

f lis

ting.

As

a re

sult,

abo

ut

48%

of t

he S

hare

s on

issu

e fo

llow

ing

the

com

plet

ion

of th

e O

ffer w

ill b

e su

bjec

t to

som

e fo

rm o

f esc

row

. Of t

hat n

umbe

r, M

egap

ort e

xpec

ts th

at a

bout

81%

of t

he F

ound

er’s

tota

l hol

ding

will

be

subj

ect t

o m

anda

tory

esc

row

.

Page 29: pdf?id=1UXtmoiJ0TaY9265CpamsvvwKGfVoeUTageid=g7372dec3d … · 2019-04-15 · Megaport believes there is a significant opportunity in helping interconnect these facilities improve

On be

half o

f the B

oard

and a

s the

Comp

any’s

foun

der,

it give

s me g

reat p

leasu

re to

pres

ent t

his op

portu

nity

to inv

est in

Meg

aport

Limi

ted.

I look

forw

ard to

welc

oming

you a

s a sh

areho

lder.

Beva

n Slat

tery

Exec

utive

Chair

man

Mega

port

Limite

d

Page 30: pdf?id=1UXtmoiJ0TaY9265CpamsvvwKGfVoeUTageid=g7372dec3d … · 2019-04-15 · Megaport believes there is a significant opportunity in helping interconnect these facilities improve

Than

k You

Denv

er Ma

ddux

Chief

Exec

utive

Offic

erde

nver@

mega

port.c

om

Vinc

ent E

nglis

hCh

ief Fi

nanc

ial O

fficer

vince

nt.en

glish

@meg

apor

t.com