External broker reports(aggregated public sources), Moelis Australia Ltd

MA Moelis Australia

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External broker reports(aggregated public sources)

Moelis Australia Ltd

Equity Bottom-Up

<ul><li>Minor beat on key earnings. Operating EBITDA of $65.6m (+5% vs MAe $62.9m), underlying EBITA of $43.6m (+2% vs MAe $42.6m).</li><li>Operational metrics continued positive momentum vs pcp including revenue per shift +7.1%, average revenue per rig +6.3%, and rig count +8.0%, with rates increasing to address inflationary pressures.</li><li>Utilisation of 77% was flat vs pcp which was COVID impacted and a key metric for focus over coming periods.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Minor beat on key earnings. Operating EBITDA of $65.6m (+5% vs MAe $62.9m), underlying EBITA of $43.6m (+2% vs MAe $42.6m).Operational metrics continued positive momentum vs pcp including revenue per shift +7.1%, average revenue per rig +6.3%, and rig count +8.0%, with rates increasing to address inflationary pressures.Utilisation of 77% was flat vs pcp which was COVID impacted and a key metric for focus over coming periods.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Ddh1 - Operational Momentum Continues, Utilisation in Focus

DDH1

Ddh1 - Operational Momentum Continues, Utilisation in Focus