Gentrack Group Ltd · NZX:GTK
Gentrack — Shareholder Meeting (February 2023)
25 slides from Gentrack's shareholder meeting presentation, Feb 23, 2023
Slide 1: Annual Meeting of Shareholders Chair's address (announcement)
Gentrack Group Ltd 17 Hargreaves Street, St Marys Bay Auckland 1011, PO Box 3288, Auckland 1140, New Zealand Ph: +64 9 966 6090 Email: info@gentrack.com www.gentrack.com 23 February 2023 For personal use only Annual Meeting of Shareholders Chair’s address Please find attached a copy of the Chair’s a
Slide 2: Chair's address
Gentrack Group Ltd 17 Hargreaves Street, St Marys Bay Auckland 1011, PO Box 3288, Auckland 1140, New Zealand Ph: +64 9 966 6090 Email: info@gentrack.com www.gentrack.com 23 February 2023 For personal use only Annual Meeting of Shareholders Chair’s address The fiscal year 2022 has been a successful y
Slide 3: Chair's address (continued)
Both water and energy are essential services which should be less impacted in the event of a global economic downturn. Meanwhile, sustainability targets for energy and water are still in effect and are driving an increasingly accelerating trend of IT and For personal use only business transformation
Slide 4: Gentrack Group Annual Shareholder Meeting February 2023
For personal use only Gentrack Group Annual Shareholder Meeting 23 February 2023 © Gentrack 2023. All rights reserved. This document is the intellectual property of Gentrack.
Slide 5: Disclaimer
Disclaimer For personal use only This presentation may contain forward-looking statements. Forward-looking statements often include words such as ‘anticipate’, ‘expect’, ‘plan’ or similar words in connection with discussions of future operating or financial performance. The forward-looking statement
Slide 6: Voting Details
Voting Details For personal use only To vote, you will need to click “Get Voting Card” within the online meeting platform. You will be asked to enter your Shareholder or Proxy Number to validate. Please then mark your voting card in the way you wish to vote by clicking “FOR”, “AGAINST” or "ABSTAIN"
Slide 7: The Gentrack Board
The Gentrack Board For personal use only Andy Green Darc Rasmussen Fiona Oliver Chair Non-Executive Non-Executive Director Director Gary Miles Nick Luckock Stewart Sherriff CEO Non-Executive Non-Executive Director Director © Gentrack 2023. All rights reserved. This document is the intellectual prope
Slide 8: Proxy Voting
Proxy Voting For personal use only Proxies have been appointed for the purposes of this meeting in respect of approximately 55 million shares, representing over 54% of the total number of shares. © Gentrack 2023. All rights reserved. This document is the intellectual property of Gentrack. 5
Slide 9: Agenda
Agenda For personal use only 1 Chair’s Address 2 CEO’s Address Formal business of the meeting which 3 includes the resolutions of the meeting 4 General Business © Gentrack 2023. All rights reserved. This document is the intellectual property of Gentrack. 6
Slide 10: Chair's Address
For personal use only Chair’s Address Andy Green Chairman © Gentrack 2023. All rights reserved. This document is the intellectual property of Gentrack.
Slide 11: CEO Commentary
For personal use only CEO Commentary Gary Miles Chief Executive Officer © Gentrack 2023. All rights reserved. This document is the intellectual property of Gentrack.
Slide 12: Financial Headlines
FY 21 FY 22 Financial Headlines $105.7M $126.3M REVENUE 19.5% For personal use only Revenue growth driven by 21.6% increase at utilities: UTILITIES $108.2M • Customer wins and transformations are REVENUE $89.0M 21.6% driving underlying growth. Excluding customers in insolvencies, revenue up 24% Veov
Slide 13: Utilities: Phase 1 - Built the Base in Core Markets
Utilities: Phase 1- Built the Base in Core Markets For personal use only Phase 1 / ‘21-22 Invested in our people and systems to scale Managed the UK B2C insolvencies through to market stabilisation Accelerated growth and +20% winning in core markets Continued to demonstrate our credibility as a Tran
Slide 14: Utilities: Phase 1 - Built the Base in Core Markets
Utilities: Phase 1- Built the Base in Core Markets For personal use only Signed a global Phase 1 / ‘21-22 strategic agreement Invested in our people Accelerate transformation to and systems to scale the cloud, with 90%+ of our UK customers moved to AWS Managed the UK B2C insolvencies Certified as a
Slide 15: Utilities: Next Phase - Lead globally
Utilities: Next Phase - Lead globally For personal use only Grow and expand globally Implement booked wins in Australia, New Zealand and UK Upsell G2, cloud services and innovation highway to all existing customers Reach new Tier1/Tier2 B2C and B2B energy customers Use Singapore as a base to expand
Slide 16: Veovo's Runway to Growth
Veovo’s Runway to Growth Unwavering focus on customers and strategy has put Veovo in a strong position For personal use only Invested and held Strong foundations Well positioned to ground during pre pandemic capitalise on rebound pandemic Weathering the storm Solid growth > 20% Retained profitabilit
Slide 17: Old v New Targets (issued November '22)
Old v New Targets (issued November '22) For personal use only New Targets Utilities NZ$M Old Targets (issued November 2022) Group FY24 FY24 FY25 - FY27 • Our new FY24 targets, issued in Nov '22, include both stronger growth in our Core Markets and expansion into Revenue ~$130m $150m >15% CAGR v new
Slide 18: Updated Guidance for FY23
Updated Guidance for FY23 For personal use only Today, we provided the following updated guidance for FY23 In FY23 we now expect to earn c.$25m from managing the exit of a major UK customer, which is c.$12m more than we had previously guided. This additional revenue and the associated EBITDA benefit
Slide 19: Formal Business of Meeting
For personal use only Formal Business of Meeting © Gentrack 2023. All rights reserved. This document is the intellectual property of Gentrack.
Slide 20: Voting on the resolutions
Voting on the resolutions For personal use only To vote, you will need to click “Get Voting Card” within the online meeting platform. You will be asked to enter your Shareholder or Proxy Number to validate. Please then mark your voting card in the way you wish to vote by clicking “FOR”, “AGAINST” or
Slide 21: Resolution One
Resolution One For personal use only Amendment to terms of Chief Executive Officer’s performance rights Results of Proxy Votes For 37,504,534 Against 17,310,824 Discretionary 283,628 That, for the purposes of NZX Listing Rule 4.2.4, the terms of the remaining performance rights to be issued to Gary
Slide 22: Resolution Two
Resolution Two For personal use only Appointment of auditors and authorisation to fix auditors’ remuneration Results of Proxy Votes For 54,797,568 Against 9,974 Discretionary 282,710 Please refer to the virtual meeting online portal guide or use the help line on 0800 200 220 if you’re in New Zealand
Slide 23: Resolution Three
Resolution Three For personal use only Re-election of Darc Rasmussen as Director Results of Proxy Votes For 54,749,162 Against 27,542 Discretionary 283,532 Please refer to the virtual meeting online portal guide or use the help line on 0800 200 220 if you’re in New Zealand or +64 9 967 7751 if you’r
Slide 24: General Business Questions
For personal use only General Business Questions © Gentrack 2023. All rights reserved. This document is the intellectual property of Gentrack.
Slide 25: Close of Meeting
For personal use only Close of Meeting © Gentrack 2023. All rights reserved. This document is the intellectual property of Gentrack.