Slide 1: 2026 Half Year Results
2026 Half Year Results For the period ended 31 March 2026 © 2026 Technology One Limited | ABN: 84 010 487 180
Slide 2: Disclosure Statement
Disclosure Statement Technology One Limited FY26 Half Year Presentation – 19 May 2026 TechnologyOne Ltd (ASX: TNE) today conducted a series of presentations relating to its 2026 Half Year results. These slides have been lodged with the ASX and are also available on the company’s website: Investor Re
Slide 3: Agenda
Agenda • Reaffirmed FY26 Guidance • H1 FY26 Highlights • Significant Achievements • Long-Term Outlook 3
Slide 4: Reaffirmed FY26 Guidance & H1 FY26 Highlights
Reaffirmed FY26 Guidance & H1 FY26 Highlights 4
Slide 5: Continued SaaS+ Momentum is Driving Ai Confidence
Continued SaaS+ Momentum is Driving Ai Confidence Making life simple for our community 5
Slide 6: Reaffirmed and Upgraded FY26 Guidance
Reaffirmed 18-20% 16-18% Upgraded FY26 Guidance PBT Growth (YoY) ARR Growth (YoY) Targeting top end Targeting top end Making life simple for our community 6
Slide 7: Reaffirmed and Upgraded FY26 Guidance
Reaffirmed AI Investment Margin Improvement Free Cash Flow Conversion • All FY26 AI • 2 ppt margin Upgraded investment is within existing improvement targeted for FY26 • Targeting cash conversion of FY26 Guidance R&D investment profile as benefits of SaaS+, AI and 100% of Profit after Tax strong H1
Slide 8: H1 FY26 Tracking to Plan
17% 9% H1 FY26 Profit before ARR Growth Tax Growth Tracking to Plan to $598.0m to $89.1m Half year performance ✓ on plan ✓ on plan in line with H1 phasing flagged at the AGM ARR weighted to H2 High single digit PBT growth — in line with flagged phasing Making life simple for our community 8
Slide 9: Heartbeat of the Business
Heartbeat of the Business • Strong underlying engine on a constant-currency basis. Forex headwinds equated to a 0.5% impact on PBT • Investment in Showcase equated to a 2% planned impact on PBT margin • Investment in long-term SaaS+ strategy equated to a 2% planned impact on PBT margin Direct H1 FY2
Slide 10: Our Vision, Our Purpose, Our Mission
Our Vision Our Purpose Our Mission Better our community, Making life Our passion is from its citizens to simple for our to solve the students, by leveraging community. complex. our team’s innovation, drive and determination. We build and deliver truly ERP is hard. Property & rating, We power the cou
Slide 11: Strong & consistent growth through economic cycles
Strong & consistent growth SaaSpocalypse through economic cycles Dot-com bubble GFC Covid Global Market Start of Rate Correction Hike Cycle TechnologyOne Share Price Dec 1999 to Current Gen 1 Gen 2 Gen 3 Gen 4 Gen 5 RDMS PC Internet SaaS AI 11
Slide 12: Our history of innovation
$500m Our history of ARR innovation Curriculum Management Timetable DxP and Scheduling UK Local Education Governmen Governmen t t Asset and Project Health and Communi Financial Services and SAM Intensive ty Corporat industries Services es Spatial Vertical P&R Focused STM Finance One Power of One Gen
Slide 13: Total ERP Solution
Total ERP Solution. App Builder Business Corporate Curriculum Analytics Performance Management DxP Essentials Enterprise Enterprise Enterprise Cash Enterprise Enterprise Asset Budgeting Receipting Content Content Management Management Management DxP Local Government Financials Human Resources Perfor
Slide 14: Total ERP Solution
Total ERP Solution. App builder Business Corporate Curriculum DxP DxP Analytics Performance Management Essentials Local Management Government Enterprise Enterprise Enterprise Cash Enterprise Financials Human Asset Budgeting Receipting Content Resources Management Management and Payroll Performance P
Slide 15: Best of Breed
FIN HRP SCM EB EAM SAM SPAT ECR CPM PP ECM P&R Curr T&S STM Guide Plus DXP Best of Breed Months Years Years Years Years Basic ERP Advanced ERP LCG EDU Implementation 15
Slide 16: Our strategy delivers: ARR CAGR of 18%
Our strategy delivers: ARR CAGR of 18% 99+% customer retention Profit Before Tax CAGR of 18% Share price (A$) Total revenue (A$) Profit before tax (A$) 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 Making life simple for our community 16
Slide 17: Our competitive strength: An organic moat
Our competitive strength: An organic moat Levers for growth Our competitive strengths The Interface What the user sees (UI) • Mission-critical software Vertical Expertise • Defence in-depth security and data sovereignty and IP • Invest 20% to 25% of total revenue in R&D continuously delivering new p
Slide 18: A pricing model: AI cannot commoditise
A pricing model: AI cannot commoditise In a world where AI replaces seats, we get paid for outcomes, interactions and conversations. Every agent action is a revenue event, not a deletion of one. The Bear Case TechnologyOne Per-seat SaaS collapses NRR Driven Growth – AI agents replace knowledge worke
Slide 19: Ai is an accelerant for our customers and for our business
Ai is an accelerant for our customers and for our business Making life simple for our community 19
Slide 20: A pricing model: AI cannot commoditise
A pricing model: AI cannot commoditise In a world where AI replaces seats, we get paid for outcomes, interactions and conversations. Every agent action is a revenue event, not a deletion of one. The Bear Case TechnologyOne TechnologyOne Per-seat SaaS collapses NRR Driven Growth Revenue grows with us
Slide 21: The 5th generation: AI is deepening the moat
The 5th generation: AI is deepening the moat Levers for growth Our competitive strengths • Mission-critical software The Interface Vertical Expertise • Defence in-depth security and data sovereignty and IP • Invest 20% to 25% total revenue in R&D continuously delivering new What the user sees (UI) p
Slide 22: Our long-term target $1b+ ARR & AI Revenue by FY30
Our long-term target $1b+ ARR & AI Revenue by FY30 We continue to Our Total We will continue to invest in R&D to Addressable Market double in size every build future is $13.5b++ 5 years platforms for growth Increases exponentially with Guide Making life simple for our community 22
Slide 23: H1 FY26 Financial Highlights
H1 FY26 Financial Highlights Cale Bennett CHIEF FINANCIAL OFFICER 23
Slide 24: H1 FY26 Results Summary
H1 FY26 Results Summary H1 FY26 H1 FY25 VAR VAR • Strength of Portfolio business delivers record H1 $m $m $m % new ARR Total ARR 598.0 511.1 87.0 17% • Strong APAC Local Government ARR growth - UK ARR 53.0 43.1 9.9 23% up 27% - UK new sales ARR 4.1 4.3 (0.2) (5%) • UK ARR up 23% to $53.0 million NRR
Slide 25: Record H1 Performance Delivers ARR Tailwinds into H2
Record H1 Performance Delivers ARR Tailwinds into H2 impact Forex $46.6m $43.5m $43.4m $42.2m $40.9m $32.2m $31.0m $30.7m $30.0m $23.8m $11.8m H1 FY21 H2 FY21 H1 FY22 H2 FY22 H1 FY23 H2 FY23 H1 FY24 H2 FY24 H1 FY25 H2 FY25 H1 FY26 25
Slide 26: Rule of 40 = 55%
Rule of 40: Top quartile of global SaaS software businesses Rule of 40* = 55% Free Cash Flow Margin ARR growth driven by 38% strong NRR Rolling FCF of $227.0m Up 17% to $598.0m * Rule of 40 is defined as the sum of the rolling 12-month ARR growth and the 12-month rolling free cash flow margin pre-ta
Slide 27: H1 FY26 Profit and Loss
H1 FY26 Profit and Loss Record first half ARR (up 17%) driving Total Income uplift of 11% and profit before tax (up 9% to $89.1m) 27
Slide 28: Balance Sheet: Remains Strong
Balance Sheet: Remains Strong Clean balance sheet with no debt and significant cash holding enables flexibility 28
Slide 29: R&D Investment
R&D Investment • Driving sustained growth through strategic, consistent investment • Continue to manage R&D investment within total cost base We invest in R&D for long term 26% 25% 25% 25% 26.0% growth 25% $200.0m 24.0% We target R&D investment at 20-25% of revenue 22.0% $150.0m Guide $69.3m Plus 20
Slide 30: Cash Flow
Cash Flow Strong Operating Cashflow enabled by consistent performance 30
Slide 31: Interim dividend up 21% to 8.0 cps
Interim dividend up 21% to 8.0 cps Increased profit Strong Dividend track recordenables continues dividend uplift • H1 FY26 NPAT before tax up 6%, 8.0 cps enabling dividend uplift of 21% • Strong balance sheet supports 6.6 cps dividend • Payout ratio 40% (FY25 interim: 36%) 5.1 cps 4.6 cps • Dividen
Slide 32: H1 FY26 Significant achievements
H1 FY26 Significant achievements 32
Slide 33: 33
33
Slide 34: Showcase Results FY23 vs FY26
Showcase Results FY23 vs FY26 85% Up to 10x Increase in attendees from previous Showcase Event Increase in Sales Pipeline from Showcase ~2500 attendees 34
Slide 35: Ed
Ed Making life simple for our community 35
Slide 36: Fastest Customer Uptake
: Fastest Customer Uptake 100% 90% 80% Customer Uptake 70% 60% 50% 40% 30% 20% 10% FY26 FY27 FY28 FY29 * For illustrative purposes only. Making life simple for our community 36
Slide 37: Introduction of Guide — a Plus product
Introduction of Guide — a Plus product • Intelligent • Conversational • Outcome-driven Making life simple for our community 37
Slide 38: Monetising new addressable markets
Monetising new addressable markets Differentiated Audience: • Significant potential user base from residents to students High Engagement: • Guide offers high-visibility opportunities to Councils and Universities through engaged customer interactions with existing software Contextual Moments: • Targe
Slide 39: And we are accelerating
And we are accelerating James Cook University has solidified Perfect case study of partnership, its long-term technology strategy by innovation, and the power of our signing a landmark 10-year deal with vertical strategy — and it reinforces TechnologyOne. why we continue to grow and lead now into wh
Slide 40: Long-Term 10 Year Agreement and 5 Year Agreement
Long-Term 10 Year Agreement 5 Year Agreement New Long-term partnership sees the Previous on-premise customer. implementation of Student Management, Curriculum Management, and Timetabling & Migrated to Oracle and now returned to Scheduling solutions. TechnologyOne under a long-term 10-year SaaS+ deal
Slide 41: Solution as a Service
Solution as a Service SaaS+ resonates with our market • Deep knowledge of our vertical markets • Reduced Risk • Faster Go-Live • In house delivery team Lifts ARR by 40% 100% of new agreements sold as SaaS+ 41
Slide 42: SaaS+ Financials
SaaS+ Financials The Drive to ERP in 30 Days will Increase Margins 140 days 126 days 105 days Days to implement 30 days FY24 FY25 FY26 FY27 FY28 Powered by 42
Slide 43: Strength of Portfolio Business
Strength of Portfolio Business • ARR of $598.0m up 17% from $511.1m (H1 FY25) • Our APAC market penetration in any single vertical does not exceed 15%1 of Addressable Market • Record performance from APAC Local Government – up 27% driven by Plus and Showcase Investment • Renewed focus on Government
Slide 44: H1 FY26 United Kingdom
H1 FY26 United Kingdom UK ARR Our past investment has built a foundation for strong, sustainable growth $53.0m $43.1m $28.8m • FY26 UK ARR of $53.0m up 23% on the $21.2m $17.7m pcp • UK pipeline is ahead of target and H1 FY22 H1 FY23 H1 FY24 H1 FY25 H1 FY26 continues to strengthen following Showcase
Slide 45: Market Leading Net Revenue Retention and Churn
Market Leading Net Revenue Retention and Churn Maintaining NRR in Target Range 119% 117% • NRR at 116% (at constant currency) within 115% 113% 114% 114% target range of 115% to 120% 112% 112% 110% • Our primary growth engine is expanding 107% our relationships with customers Target of 115%-120% FY17
Slide 46: Total ARR and Average ARR per Customer
Total ARR and Average ARR per Customer Maintaining Strong + Consistent ARR Growth AI usage will drive average revenue and ARR per customer up On-prem to SaaS SaaS to SaaS+ AI $800m $0.6m $700m $491k $0.5m $443k $600m Total ARR per Customer $598.0m $0.4m $358k $554.0m $500m Growth Total ARR $303k 16%
Slide 47: Significant R&D Investment
Significant R&D R&D investment of $112.0m up Continuous R&D staff Investment 21% Powered by Plus investment For future growth Build an app faster without having to code SaaS+ ERP in 30 Solution as a Service R&D 26% of App Builder New Products investment revenue2 of $84.1m1 1 R&D expenditure before c
Slide 48: H1 FY26 Summary
H1 FY26 Record profit, revenue, and Interim Dividend up 21% R&D investment for future growth ARR Summary to 8.0 cps of $84.1m, up 22% pcp Total ARR Profit Before Rule of 40 UK ARR up 23% up 17% to Tax up 9% to $89.1m to $53.0m $598m +55% Our Investments Continue to Deliver 48
Slide 49: Long-term Outlook
technology% Long-term Outlook Eg,eta CHIEF EXECUTIVE OFFICER
Slide 50: Total Addressable Market $13.5b Multiple Platforms for Growth
Total Addressable Market $13.5b Multiple Platforms for Growth • Strong Net Revenue Retention (NRR) of 115-120% • Significant economies of scale will drive Profit margins to 35%+ Grow: • Significant ARR whitespace in our APAC customer base • Continuing growth in new logos in APAC ARR • Growth in rata
Slide 51: Total Addressable Market
Total Addressable Market Exponentially Increases with Plus and Guide ARR $13.5b++ 51
Slide 52: The 5th generation: AI is deepening the moat
The 5th generation: AI is deepening the moat Levers for growth Our competitive strengths • Mission-critical software Vertical Expertise • Defence in-depth security and data sovereignty and IP • Invest 20% to 25% total revenue in R&D continuously delivering new products and modules The Interface Comp
Slide 53: People are our power
People are our power 53
Slide 54: $1B+ ARR BY FY30
Long-Term Outlook $1B+ ARR BY FY30 20 Products Multiple Exponentially platforms larger for growth Total Addressable Market Making life simple for our community 54
Slide 55: technology%
technology% Making life simple for our community
Slide 56: Appendices
Appendices Appendix A: H1 FY26 Profit by Segment Appendix B: Balance Sheet - H1 FY26 to H1 FY25 Appendix C: R&D - Disciplined and Transparent Appendix D: Drivers for Long Term Growth Appendix E: Glossary 56
Slide 57: Appendix A: Geographic Segment Profit Analysis
Appendix A: Geographic Segment Profit Analysis H1 FY26 Profit by Segment $86.9m Strong Group profit of $89.1m, up 9% on pcp +7% APAC $80.8m $74.2m $70.3m H1 FY25 H1 FY26 $2.2m +104% $14.3m $4.1m UK $0.6m $7.4m $1.1m Software Consulting Corporate H1 FY25 H1 FY26 H1 FY25 H1 FY26 57
Slide 58: Appendix B: Balance Sheet – H1 FY26 to H1 FY25 Comparison
Appendix B: Balance Sheet – H1 FY26 to H1 FY25 Comparison 58
Slide 59: Appendix C: R&D - Disciplined and Transparent
Appendix C: R&D - Disciplined and Transparent H1 FY26 Software R&D Development - Percent Amortisation Amortisation Net Expense Investment Capitalised Capitalised Expense Period through P&L $84.1m (#039;000) (#039;000) % (#039;000) Years (#039;000) $30.2m $69.2m FY23 111,995 60,605 54.1% 34,055 5 85,445 ($45.1m)
Slide 60: Appendix D: Drivers for Long Term Growth
Appendix D: Drivers for Long Term Growth Increase Product Penetration Increase Market Penetration Expand Geographies 20 Licensable products1 6 Vertical markets1 APAC & UK1 Over 600+ licensable modules By Product By Vertical Asset By Region T&S, 2.8% New Zealand, App Intensive, Financial Builder, 3.3
Slide 61: Appendix E: Glossary
Appendix E: Glossary Annual Licence ARR Annual Recurring Revenue relating to annual licence fees for On-premise customers APAC Asia Pacific - Includes Australia, New Zealand, Malaysia and the South Pacific ARR Annual Recurring Revenue ARR Sales New Annual Recurring Revenue sold during the period Chu
Slide 62: technology%
technology% Making life simple for our community