MEGAPORT LIMITED — Annual Report 2021

Aug 9, 2021

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Global Update

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FY21 FULL YEAR RESULTS
10 AUGUST 2021
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Company Annual Regional Business Megaport Scale Up, InnovoEdge Highlights Results Highlights Update PartnerVantage Scale Out

Company Highlights FY21

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COMPANY HIGHLIGHTS

Company Highlights FY21

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+32% +32% +24%
Monthly Recurring Revenue [1] Annualised Revenue [2] Total Number of Customers
$5.7M $7.5M $67.8M $89.8M 1,842 2,285
30 JUNE 2020 30 JUNE 2021 30 JUNE 2020 30 JUNE 2021 30 JUNE 2020 30 JUNE 2021
+30% +33% +64%
Total Number of Services [3] Total Number of Ports Total Number of MCRs
16,712 21,712 5,767 7,689 307 502
30 JUNE 2020 30 JUNE 2021 30 JUNE 2020 30 JUNE 2021 30 JUNE 2020 30 JUNE 2021
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1. Monthly Recurring Revenue (MRR) is revenue (excluding one-off and non-recurring revenue) for the month of June.

2. Annualised Revenue is MRR for the month of June multiplied by 12.

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1. Total Services comprises of Ports, Virtual Cross Connections (VXCs), Megaport Cloud Router (MCR), Megaport Virtual Edge (MVE), and Internet Exchange (IX).

COMPANY HIGHLIGHTS

Company Highlights FY21

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Cloud Onramps Installed Data Centres [1]
Technology Ecosystem
36 233 39 405
NEW
FY21 NEW TOTAL NEW TOTAL
Cloud Regions Enabled Data Centres [2]
12 121 92 761
NEW TOTAL NEW TOTAL
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1. Installed Data Centres are Data centres in which Megaport has a Point of Presence with physical networking hardware. 2. Enabled Data Centres is the total of Installed Data Centres plus Extended Data Centres. Extended Data Centres are data centres that can be connected directly to Megaport networking hardware within Installed Data Centres by means of interconnection services offered directly by the data centre campus / facility operator of an Installed Data Centre.

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COMPANY HIGHLIGHTS

Revenue Performance FY21

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Asia Pacific North America Europe Global
FY21 FY21 FY21 FY21
$25.7M $38.7M $13.8M $78.3M
$5.1M 25% $12.4M 47% $2.7M 24% $20.2M 35%
FY20: $20.6M FY20: $26.3M FY20: $11.1M FY20: $58.0M
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Note: Growth rates are calculated using the actual $ values.

Company Annual Regional Business Megaport Scale Up, InnovoEdge Highlights Results Highlights Update PartnerVantage Scale Out

Annual Results FY21

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ANNUAL RESULTS FY21

Financial Results

	Consolidated Proft & Loss	FY21 $’000	Restated FY20 $’000	Change %
	Revenue 78,281 58,040 35%
	Direct network costs1 (36,213) (28,522) (27%)
	Proft after direct network costs1 42,068 29,518 43%
	Proft after direct network cost margin 54% 51% +3pp
	Operating Expenses (OPEX) (55,388) (50,581) (10%)
	Normalised EBITDA2 (13,320) (21,063) 37%
	Normalised EBITDA margin (17%) (36%) +19pp
	Depreciation and amortisation expense (23,464) (17,289) (36%)
	Non-operating items & tax (18,216) (10,359) (76%)
	Net loss for the year (55,000) (48,711) (13%)

Financial Results For year ended 30 June 2021

Revenue $78.3M up 35%

Profit after direct network costs[1] of $42.1M improved by $12.6M driven by revenue growth

Profit after direct network cost margin of 54% improvement from 51% in FY20

Normalised EBITDA[2] loss of $13.3M, 17% of revenue (FY20: 34% of revenue)

Note: FY20 results have been restated to recognise $1.1m Software as a Service (SaaS) expense previously capitalised due to a change in accounting policy.

1. 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. 2. Normalised Earnings Before Interest Tax Depreciation and Amortisation (Normalised EBITDA) represents operating results excluding equity-settled employee and related costs, foreign exchange gains and loss on disposal of property, plant and equipment. Including these amounts, EBITDA would be ($36,993,000) in FY21 and ($31,742,000) in FY20.

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ANNUAL RESULTS FY21

Revenue

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FY21 FY20
$25.7M $20.6M
$26.3M
$38.7M 33% 36%
45%
49%
$13.8M
$11.1M
18%
19%
Asia Pacific Europe North America
from FY20
REVENUE: $78.3M 35%
from FY20
MRR [] : $7.5M 32%
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Financial Results

For year ended 30 June 2021

Revenue of $78.3M, up 35%, driven by increased usage of services across all regions

NAM strongest growth across all regions, increasing $12.4m in FY21 MRR* was $7.5M for June 2021, up 32%, driven by increased utilisation of Megaport services globally

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• Monthly Recurring Revenue (MRR) is revenue (excluding one-off and non-recurring revenue) for the last month of fiscal year.

Operating Costs

		FY21 $’000	Restated FY20 $’000	Change %
	Direct network costs	36,213	28,522	(27%)
	Proft after direct network costs1 42,068 29,518 43%
	Employee costs2	41,369	36,164	(14%)
	Professional fees	4,626	4,897	6%
	Marketing costs	1,539	1,760	13%
	Travel costs	185	2,179	92%
	IT costs	2,252	2,315	3%
	General and administrative costs	5,417	3,266	(66%)
	Total OPEX	55,388	50,581	(10%)

Financial Results

For year ended 30 June 2021

Average direct network cost[1] per data centre per month is $7.8k in FY21 ($7.1K in FY20) due to an increase in channel commissions associated with growth in partner revenue

Employee costs[2] increased due to investment in headcount to support business growth. Employee costs as a percentage of revenue reduced to 53% (from 62% in FY20)

General and administrative includes an increase in Insurances as the Group scales Savings in travel costs are due to the impact of COVID-19

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1. 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. 2. Excludes equity-settled employee costs.

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ANNUAL RESULTS FY21

Non-operating Costs

		FY21 $’000	Restated FY20 $’000	Change %
	Equity-settled employee costs and related costs 9,828 6,911 (42%)
	Foreign exchange losses	13,478 3,768 (>100%)
	Interest expense and other fnance costs	1,488 1,233 (21%)
	Interest income	(300) (1,070) (72%)
	Other non-operating expenses	367 - (100%)
	Income tax beneft	(6,645) (483) (>100%)
	Total non-operating items	18,216	10,359	(76%)

Financial Results

For year ended 30 June 2021

Equity settled employee costs included employer taxes related to the exercise of share options by employees

Foreign currency losses due to the strengthening of the AUD against major currencies, mainly the USD The Group has recognised deferred tax on tax losses carried forward for the first time as subsidiary entities move to profitability

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ANNUAL RESULTS FY21

Historical Financial Performance

Group $M[1]

Margin Trends[1]

Group profit after direct network cost[2] margin has continued to expand as MRR growth has outstripped growth in direct network costs

Group EBITDA turned positive in June, following on from all three regions becoming EBITDA positive in December 2020

	0.5% 60% 5% 19% 41% Normalised profit after direct network cost margin2 Normalised EBITDA margin (215%) (120%) (49%) Jun-213 Jun-17 Jun-18 Jun-19 Group Margins1 55% (29%) Jun-20

1. All figures are for the month of June.

2. 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.

3. Normalised profit after direct network cost margin excludes partner commissions recognised in June relating to earlier months of FY21.

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Company Annual Regional Business Megaport Scale Up, InnovoEdge Highlights Results Highlights Update PartnerVantage Scale Out

Regional Highlights

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REGIONAL HIGHLIGHTS
Asia Pacific
APAC Region, mature market still growing with leveraged returns
Average Revenue per Port [3]
Total Installed Data Centres Total Number of Customers
-
$799
87 105 783 917
No. of Ports per Data Centre
30 JUNE 2020 30 JUNE 2021 30 JUNE 2020 30 JUNE 2021
28.4 1%
Services per Port
Total Number of Ports Total Number of Services [1]
3.0 -2%
2,452 2,977 7,480 8,937
Services per Customer
30 JUNE 2020 30 JUNE 2021 30 JUNE 2020 30 JUNE 2021
9.7 +2%
Profit After Direct Network Cost Margin Port Utilisation [4]
Monthly Recurring Revenue [2]
43%
$2.0M $2.4M 72% 73%
Figures as at 30 June 2021 (vs 30 June 2020)
JUNE 2020 JUNE 2021 30 JUNE 2020 30 JUNE 2021
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1. Total Services comprises of Ports, Virtual Cross Connections (VXCs), Megaport Cloud Router (MCR), Megaport Virtual Edge (MVE), and Internet Exchange (IX). 2. Monthly Recurring Revenue (MRR) is revenue (excluding one-off and non-recurring revenue) for the month of June. 3. MRR divided by number of Ports at reporting period end date. 4. Ports sold/used divided by total Ports available.

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REGIONAL HIGHLIGHTS

APAC $M[1]

Margin Trends[1]

Japan included in APAC result

APAC profit after direct network costs margin continues to grow with increasing MRR

EBITDA return increasing with revenue with opex costs covered

Margins1		Jun-17	Jun-18	Jun-19	Jun-20	Jun-213
Normalised	profit after direct network cost margin2	25%	51%	62%	72%	73%
Normalised	EBITDA margin	(40%)	32%	39%	41%	47%

1. All figures are for the month of June.

2. 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.

3. Normalised profit after direct network cost margin excludes partner commissions recognised in June relating to earlier months of FY21.

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REGIONAL HIGHLIGHTS
Europe
Europe Region EBITDA Positive for full year
Average Revenue per Port [3]
Total Installed Data Centres Total Number of Customers
$1,144 -12%
105 102 355 430
No. of Ports per Data Centre
30 JUNE 2020 30 JUNE 2021 30 JUNE 2020 30 JUNE 2021
11.1 +39%
Services per Port
Total Number of Ports Total Number of Services [1]
2.7 -8%
862 1,137 2,470 3,044
Services per Customer
30 JUNE 2020 30 JUNE 2021 30 JUNE 2020 30 JUNE 2021
7.1 +1%
Profit After Direct Network Cost Margin Port Utilisation [4]
Monthly Recurring Revenue [2]
26%
$1.1M $1.3M 64% 62%
Figures as at 30 June 2021 (vs 30 June 2020)
JUNE 2020 JUNE 2021 30 JUNE 2020 30 JUNE 2021
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Europe

1. Total Services comprises of Ports, Virtual Cross Connections (VXCs), Megaport Cloud Router (MCR), Megaport Virtual Edge (MVE), and Internet Exchange (IX) 2. Monthly Recurring Revenue (MRR) is revenue (excluding one-off and non-recurring revenue) for the month of June 3. MRR divided by number of Ports at reporting period end date. 4. Ports sold/used divided by total Ports available.

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REGIONAL HIGHLIGHTS

Europe Historical Financial Performance

EMEA $M[1]

Margin Trends[1]

EMEA EBITDA positive for full year

EMEA in strong position for growth via indirect channel

EMEA EBITDA margin improvement driven by cost control

Margins1		Jun-17	Jun-18	Jun-19	Jun-20	Jun-213
Normalised	profit after direct network cost margin	49%	48%	46%	64%	62%
Normalised	EBITDA margin	(37%)	(5%)	(13%)	23%	42%

1. All figures are for the month of June.

2. 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.

3. Normalised profit after direct network cost margin excludes partner commissions recognised in June relating to earlier months of FY21.

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REGIONAL HIGHLIGHTS
North America
NAM region growth continues apace.
Average Revenue per Port [3]
Total Installed Data Centres Total Number of Customers
$1,065 +2%
174 198 903 1,219 No. of Ports per Data Centre
30 JUNE 2020 30 JUNE 2021 30 JUNE 2020 30 JUNE 2021
18.1 +29%
Services per Port
Total Number of Ports Total Number of Services [1]
2.7 -1%
2,453 3,575 6,762 9,731
Services per Customer
30 JUNE 2020 30 JUNE 2021 30 JUNE 2020 30 JUNE 2021
8 +6%
Profit After Direct Network Cost Margin Port Utilisation [4]
Monthly Recurring Revenue [2]
32%
$2.6M $3.8M 38% 53%
Figures as at 30 June 2021 (vs 30 June 2020)
JUNE 2020 JUNE 2021 30 JUNE 2020 30 JUNE 2021
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North America

1. Total Services comprises of Ports, Virtual Cross Connections (VXCs), Megaport Cloud Router (MCR), Megaport Virtual Edge (MVE), and Internet Exchange (IX). 2. Monthly Recurring Revenue (MRR) is revenue (excluding one-off and non-recurring revenue) for the month of June. 3. MRR divided by number of Ports at reporting period end date. 4. Ports sold/used divided by total Ports available.

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REGIONAL HIGHLIGHTS

North America Historical Financial Performance

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NAM $M [1]
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Margin Trends[1]

Sharp increase in NAM EBITDA profitability as revenues reach scale

Scale achieved with capacity to spare for additional revenue with little incremental cost

Margins1		Jun-17	Jun-18	Jun-19	Jun-20	Jun-213
Normalised	profit after direct network cost margin	(136%)	(70%)	22%	38%	53%
Normalised	EBITDA margin	(313%)	(147%)	(9%)	(13%)	22%

1. All figures are for the month of June.

2. 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.

3. Normalised profit after direct network cost margin excludes partner commissions recognised in June relating to earlier months of FY21.

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FINANCIAL RESULTS

Financial Position

Financial Results For year ended 30 June 2021

							nanc	a es
Consolidated Financial Position				30 June 2021 $’000	Restated 30 June 2020		For year ended 30 June 2021
					$’000
							Trade debtors down		24
Current assets				150,349	180,335		with DSO now 25 days
Non-current assets				70,214	66,760		Total liabilities include t
Total assets				220,563	247,095		fnance facility of $7 at 30 June 2021 ($8.		.7M 8M
Current liabilities				(33,495)	(24,033)		2020)
Non-current liabilities				(6,656)	(12,093)
							Note: FY20 results have been		rest
Total liabilities				(40,151)	(36,126)		$1.1m Software as a Service (Saa previously capitalised due to a ch
							policy.
Equity Cash position				180,412 30 June 2021 $’000	210,969 30 June 2020 $’000		Cash at 30 June $1363
Cash at end of the year				136,316	166,877			.

Trade debtors down 24% at $6.6m with DSO now 25 days Total liabilities include the 0% vendor finance facility of $7.7M outstanding at 30 June 2021 ($8.8M at 30 June 2020)

Note: FY20 results have been restated to recognise $1.1m Software as a Service (SaaS) expense previously capitalised due to a change in accounting policy.

Cash at 30 June 2021 $136.3M

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Annual Regional Business Megaport Scale Up, InnovoEdge Results Highlights Update PartnerVantage Scale Out

Company Highlights

Business Update

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BUSINESS UPDATE

Growth in Ports, Services, and Revenue

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Total Ports
Total Services
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1. Total Services comprises of Ports, Virtual Cross Connections (VXCs), Megaport Cloud Router (MCR), Megaport Virtual Edge (MVE), and Internet Exchange (IX) at period end. 2. Monthly Recurring Revenue (MRR) is revenue (excluding one-off and non-recurring revenue) for the last month of the period.

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BUSINESS UPDATE

Growth FY21

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FY20 +11% +24% FY21 1 +33% +30%

Revenue Growth

The increase in Services per Port directly increases Port value

Monthly Recurring Revenue[2] $5.7M $7.5M June 2020 June 2021 $1.8M / 32% Average Revenue per Port[3] $980 $974 June 2020 June 2021 $6 / -

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1. Total Services comprises of Ports, Virtual Cross Connections (VXCs), Megaport Cloud Router (MCR), Megaport Virtual Edge (MVE), and Internet Exchange (IX). 2. MRR is revenue (excluding one-off and non-recurring revenue) for the month of June.

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1. MRR divided by number of Ports at reporting period end date.

BUSINESS UPDATE

Megaport Cloud Enablement

233 Total Onramps

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FY21 Increase: 36 +18%

O Ttl
Microsoft Azure 53 Amazon Web Services 47 Google Cloud 37 Oracle Cloud 22 IBM Cloud 19 Rackspace 9 Salesforce 10 Alibaba Cloud 9 Cloudfare 14 Nutanix 5 SAP 5 nramp oa
OVHcloud 3

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121 Total Cloud Regions

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68% of Megaport connections terminate to public cloud providers

35% of Megaport customers are connecting to multicloud

FY21 Increase: 12 +12%

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BUSINESS UPDATE

Customer Cohort Trends

		Average	Average	Services per Customer	Services per Customer	Services per Customer	Services per Customer				Average Monthly	Average Monthly	Average Monthly	Average Monthly	Average Monthly	Revenue per Customer ($)	Revenue per Customer ($)	Revenue per Customer ($)	Revenue per Customer ($)
	CAGR1	66%	39%		42%	41%	36%	36%	41%		CAGR1		62%	61%		48%	44%	48%	46%	36%
	Average Services per Customer2							Customer spend increases over time				as		Average Revenue per Customer3
		9.5			+5%			a	result of service uptake and adoption							$3.3k			+7%

Note: Yearly cohorts are customers acquired in a given reporting year. 1. Compound average growth rate for each customer cohort is calculated for the period from end of Year 1 to 30 June 2021. 2. At 30 June 2021; percentage represents growth compared to 12 months earlier. 3. Represents June 2021 MRR divided by total customers at 30 June 2021; percentage represents movement compared to 12 months earlier.

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BUSINESS UPDATE

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Megaport Cloud Router (MCR)

MCR Growth

Average Monthly Revenue per Customer[1] $2.9k $5.9k Non MCR Customer MCR Customer Avg Services per Customer[2] 8.8 14.7 Non MCR Customer MCR Customer Total MCRs 307 502 At 30 June 2020 At 30 June 2021

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Cloud-to-Cloud No Hardware Needed Managed Layer 3

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1. Represents June 2021 MRR divided by relevant customer count at 30 June 2021. 2. At 30 June 2021.

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BUSINESS UPDATE

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Megaport Virtual Edge (MVE)

Average Monthly MVE partners MVE Overview Revenue per Customer[1] represent over 50% of SD-WAN market NFV hosting platform $3.3k $5.0k share[3] Non MVE Customer MVE Customer Connect to Megaport via SD-WAN Avg Services per Customer[2] MVE pipeline of 129 Improve network performance customer 9.5 12.1 opportunities for the Improve network security Non MVE Customer MVE Customer first half of FY22 Reduce Cloud Egress Total MVE Metros 21 MVEs sold at end Real-time provisioning 20 June 2021 At 30 June 2021

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1. Represents June 2021 MRR divided by relevant customer count at 30 June 2021. 2. At 30 June 2021. 3. Source: India..

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BUSINESS UPDATE

Use Case - Fortune 500 US Company

Large enterprise deployment with 1,100+ branches1; applications run on AWS and Microsoft Azure Branches were previously connecting to private infrastructure hosted in Vegas and Reno then connecting across to Microsoft Cloud Region

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	$2,6402,3	4	$10,5602,3
	$2003	4	$8003
	Variable	16	$2,8943
	$5003	2	$1,0003
		26	$15,254

1. A single medium MVE can accommodate up to 100 branches, a small MVE up to 40 branches, and a large MVE up to 500 branches.

2. Unit pricing is for a bundle of MVE and IP transit. Megaport passes cost of IP transit to customers with no mark-up. Pricing for a medium MVE (excluding IP transit) is US$1,750. 3. Megaport may need to pay partner commissions and/or revenue share, depending on the source of the revenue and ownership of the customer.

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BUSINESS UPDATE

Growing Global Ecosystem

North America

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EMEA

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Countries Cities Installed Enabled Countries Cities Installed Enabled Countries Cities Installed Enabled
2 86 198 417 16 33 102 208 5 17 105 136
YoY growth 8% 14% 11% YoY growth 3% -3% 15% YoY growth 6% 21% 19%
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Megaport Enabled and In-Build Data Centres

Two or more Megaport Enabled and In-Build Data Centres

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X

Company Annual Regional Business Highlights Results Highlights Update

Megaport Scale Up, InnovoEdge PartnerVantage Scale Out

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Scaling Revenue
Through Channel
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MEGAPORT PARTNERVANTAGE

Megaport PartnerVantage Overview

Making NaaS Connectivity Easy & Profitable World-class channel program to drive NaaS revenue Megaport provides an intuitive , powerful and secure NaaS platform to enable partners to expand services and drive more revenue.

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Ease of Doing
Business
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Drive Customer Grow
Success Revenue
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PartnerVantage makes it Easy to order . Easy to provision . Easy to learn . Easy to get paid .

PartnerVantage provides comprehensive sales , technical, and marketing resources to help partners accelerate their success.

PartnerVantage empowers partners to build a new foundation for their cloud and networking solutions with the Megaport platform.

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MEGAPORT PARTNERVANTAGE

Megaport PartnerVantage Segment

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Providers

Agents

Partners who add NaaS to their solutions, services, and managed services.

Partners who aggregate solutions and work with Megaport

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| Cloud service providers | Master agents

• | Network service providers | Sub-agents

• | Direct agents

• | Data center operators

Two tiers that compensate for | Managed service providers | Consultants expertise, performance, and customer satisfaction | Global systems integrators | Value added resellers Higher level unlocks additional | Value added distributors benefits

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MEGAPORT PARTNERVANTAGE

PartnerVantage Constituents

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Transactional Portal

Innovative PRM

One-stop to drive a partner’s entire Megaport Business

Self-provisioning ,single pane of glass Megaport management

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Learning Pathways

Selling Resources

Access sales resources to help close business fast

Flexible learning courses to increase Sales & Technical capabilities

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Financial Incentives

Earn, track, and manage incentives, commissions & MDF from single source

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Impactful Marketing

Highly targeted campaigns that can be adapted as needed and measured

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megaport.com/partners for more info

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Annual Regional Business Megaport Scale Up, InnovoEdge Results Highlights Update PartnerVantage Scale Out

Company Highlights

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INNOVOEDGE

Synergistic Acquisition

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AI-powered multicloud and edge application and orchestration company

Neutral orchestration and visibility platform Discovery, and automated provisioning of high performance network connectivity, cloud, and edge Compute/GPU resources

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Automated deployment of Virtual Network Functions, Cloud Native Applications, and GPU destined workloads AI-driven insights and actions

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INNOVOEDGE

Market Drivers

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IaaS, PaaS, SaaS services are siloed

DCOs need cloud and hybrid solutions for public and private cloud

Many service providers do not have the technology skill set to address the end user requirements

AI /ML workloads are driving consumption of compute and network

Enterprises are focusing on simplicity and agility

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35

INNOVOEDGE

Orchestration: to the cloud and through the cloud

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To the cloud Through the cloud
DCO Onramp DCO GPU Cloud VPN Container Application
Branch Megaport Megaport Megaport CSP2 Onramp CSP2 VPC Cloud VPN Container Application
Locations Virtual Edge Enabled Data Cloud Router
Centre
CSP1 Onramp CSP1 VPC Cloud VPN Container Application
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36

INNOVOEDGE

Simplicity With Single Pane of Glass

Create and Manage: CSP1 Portal Bare Metal Services Cloud Instances Containers and Applications CSP2 Virtual Routers Portal SD-WAN Controllers Cloud connections DCO Portal Access to: Application marketplaces Visibility and reporting SD- WAN Deep-learning analytics Portal

Enterprise Benefits Reduce complexity Rapid service turn-up Provision real time network and compute Bridge network and DevOps functions Optimize to reduce costs Improve performance and user experience

Service Provider Benefits White label portal Multi tenant provisioning capabilities Facilitate end-to-end solution Reduced development requirements

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INNOVOEDGE
Megaport Business Drivers
Drive Revenue
Partner Enablement Innovation Agility
& Service Adoption
Foundation for
White label to allow Ease-of-use supports Development
integrating and
partners to sell more connections and resources support
orchestrating future
multi-tenant services stickier customers rapid dev
services
Competitive
AI-based Decisions Expand Channel Futureproof
Advantage
Accelerate lead in Next-gen capacity Maintain relevance &
Enable marketplaces
NaaS and Tech planning across core protect against price
and solution selling
industry network erosion
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INNOVOEDGE

Innovation Roadmap

Cloud Native Infrastructure as code Enabling Digital transformation Composable Infrastructure

XOps Support DevOps NetOps AI / ML Ops DataOps

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Composable Infrastructure
DevOps
NetOps
AI / ML Ops
DataOps
GPU Revolution
CN-WAN
NVIDIA GPU Acceleration
App deployment meets SD-WAN AI / ML Workloads
Widening the user base
DPU Networking
Enhanced analytics
SD-WAN Network Detection and Response
MVE vendor integrations Capacity monitoring, trend detection,
SASE, ZTNA long-term planning
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39

INNOVOEDGE

Acquisition Details

Under the Stock Purchase Agreement, Megaport agreed to pay up to USD $15M comprising USD $7.5M in cash consideration and up to USD $7.5M in Megaport shares[*] . The equity consideration will be issued in three tranches over a period of three years following completion – with each tranche subject to the achievement of specified product development or revenue milestones. The sale and purchase is subject to customary conditions precedent and is anticipated to complete in mid-August.

InnovoEdge team are committed to an initial 3-year term to successfully achieve planned technological and commercial integration.

*The number of ordinary shares in Megaport Limited will be up to 604,626 shares (being USD$7.5M as converted to AUD$ using an exchange rate of USD$1 to AUD$1.3592 divided by AUD$16.86 (being the volume weighted average price of Megaport Limited shares in the 30-trading day period up to and including 6 August 2021)).

40

Company Annual Regional Business Megaport Scale Up, InnovoEdge Highlights Results Highlights Update PartnerVantage Scale Out

Scale Up, Scale Out

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41

SCALE UP, SCALE OUT

Investment in Growth

Channel

Drive revenue via channel through PartnerVantage and unlock VADs, GSIs, and Marketplace segments

Product

More MVE integrations to support new connectivity use cases and edge features to drive service uptake

Investment in Growth

Resource commercial and operational teams to scale business globally, continu talent development and investments in people and benefits

Platform Innovation

InnovoEdge integration to provide orchestration and greater ease-of-use to drive services and differentiation

Network Growth

Expand edge, scale capacity with new markets, geographic expansion, and 400G investments

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42

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 solicitation of an offer to buy or sell Megaport securities in any jurisdiction. No representation or warranty, expressed or implied, is made as to the accuracy, completeness or thoroughness of the information, whether as to the past or future. Recipients of the document must make their own independent investigations, consideration and evaluation. The information contained in this presentation is subject to change without notification.

This presentation includes certain forward looking statements that are based on information and assumptions known to date and are subject to various risks and uncertainties. Actual results, performance or achievements could be significantly different from those expressed in, or implied by, these forward looking statements. Such forward looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Megaport. These factors may cause actual results to differ materially from those expressed in the statements contained in this presentation. For specific risks and disclaimers, please refer to the Megaport Placement & Share Purchase Plan presentation lodged with the ASX on 7 April 2020.

All references to “$” are to Australian currency (AUD) unless otherwise noted. For definitions refer to the Glossary for Investors on the Megaport website at https://www.megaport.com/investor/business-overview/.

A summary of Megaport's 5 year Historical KPIs and metrics to June 2021 can be found on our website at https://www.megaport.com/investor/business-overview/. Subscribe for ASX announcements at https://www.megaport.com/investor/#investor-contact.

Megaport Limited Contact: Level 3 Helen Coghill 825 Ann Street Investor Relations Fortitude Valley Megaport Limited Queensland 4006 +61 484 514 032

Thank you

ASX: MP1

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Megaport Limited | ACN 607 301 959 | ASX: MP1