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>Revenue and EBITDA ahead of MAe, though FY24 underlying NPAT of $11.5m was behind MAe due to higher depreciation and interest charges.</li><li>Revenue growth was assisted by ten- month contribution from the Secon acquisition, and accounted for almost all of the top line growth in FY24, while trading conditions particularly impacted Contract Logistics.</li><li>Underlying EBITDA margin of 17.2% was broadly maintained by strong operational focus and execution. </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>

Revenue and EBITDA ahead of MAe, though FY24 underlying NPAT of $11.5m was behind MAe due to higher depreciation and interest charges.Revenue growth was assisted by ten- month contribution from the Secon acquisition, and accounted for almost all of the top line growth in FY24, while trading conditions particularly impacted Contract Logistics.Underlying EBITDA margin of 17.2% was broadly maintained by strong operational focus and execution. 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.

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