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>1H24 EBITDA guidance range exceeds our expectations: management has issued quantitative guidance for the first time, and expects 1H24 EBITDA in the range of $55- $60m, which implies +56% upgrade on prior MAe (at the midpoint), as well as +79% growth on pcp and +54% sequential HoH growth;</li>
<li>From an operational perspective, management noted strong contributions across all divisions (vessels, subsea, and project logistics) during the first 4 months of the year supported by strong activity across all key markets;</li>
<li>Management further noted "solid contracted revenue position" for the remainder of 1H24</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>


1H24 EBITDA guidance range exceeds our expectations: management has issued quantitative guidance for the first time, and expects 1H24 EBITDA in the range of $55- $60m, which implies +56% upgrade on prior MAe (at the midpoint), as well as +79% growth on pcp and +54% sequential HoH growth;
From an operational perspective, management noted strong contributions across all divisions (vessels, subsea, and project logistics) during the first 4 months of the year supported by strong activity across all key markets;
Management further noted "solid contracted revenue position" for the remainder of 1H24

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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