Technology One Limited · ASX:TNE
Technology One — Shareholder Meeting (February 2025)
37 slides from Technology One's shareholder meeting presentation, Feb 19, 2025
Slide 1: 2024 Annual General Meeting
2024 For personal use only Annual General Meeting Ended 30 September 2024 19 February 2025 Page 1
Slide 2: Disclosure Statement
Disclosure Statement For personal use only TechnologyOne Ltd Full Annual General Meeting – 19 February 2025 TechnologyOne Ltd (ASX: TNE) today conducted its Annual General Meeting at the Brisbane Convention & Exhibition Centre,. These slides have been lodged with the ASX and are also available on th
Slide 3: Agenda
Agenda For personal use only • Financial Results and Significant Achievements • Outlook for FY25 • Long Term Outlook Page 3
Slide 4: Mission
For personal use only Mission Make life simple for our community, from its citizens to students, by leveraging our team’s innovation, drive and determination. Page 4
Slide 5: Market focus and commitment
Market focus and commitment For personal use only Innovation ERP – 4th generation The Power of One Page 5
Slide 6: Total ERP Solution
Total ERP Solution. For personal use only + App Builder Business Corporate Analytics Performance Management DxP Essentials Enterprise Enterprise Enterprise Cash Enterprise Asset Budgeting Receipting Content Management Management DxP Local Government Financials Human Resources Performance Property an
Slide 7: OneEducation
OneEducation For personal use only App Builder Business Corporate Curriculum Analytics Performance DxP Management Essentials Enterprise Enterprise Enterprise Cash Enterprise Asset Budgeting Receipting Content Management Management DxP Local Government Financials Human Resources Performance Property
Slide 8: Market focus and commitment
Market focus and commitment For personal use only Innovation ERP – 4th generation The Power of One Page 9
Slide 9: Deepest functionality for the markets we serve
For personal use only Deepest functionality for the markets we serve. Local Education Government Asset and Health and Financial Government Project Community Services and Intensive Services Corporates industries We provide proven practice preconfigured solutions to reduce time, cost and risk Page 10
Slide 10: Market focus and commitment
Market focus and commitment For personal use only Innovation ERP – 4th generation The Power of One Page 11
Slide 11: AI and Cloud hype cycle
Visibility Ai Hype cycle For personal use only Cloud Hype cycle Time Page 12
Slide 12: Security and Future Tech
Security Future For personal use only “SaaS+, which offers a faster implementation, meaning the Council could reap the benefits at an accelerated pace compared to traditional Tech time and material methodology.” community Page 14
Slide 13: Market focus and commitment
Market focus and commitment For personal use only Innovation ERP – 4th generation The Power of One Page 15
Slide 14: The Power of One
The Power For personal use only of One. IP Engine. Own customer relationship. 100% accountability. 99%+ retention. We take complete responsibility We do not use Implementation Partners or Re-Sellers Page 16
Slide 15: Market focus and commitment
Market focus and commitment For personal use only Innovation ERP – 4th generation The Power of One Page 17
Slide 16: Continuing Strong Growth: FY24 Results
Continuing Strong Growth For personal use only FY24 Results Profit ARR growth growth driven by 18% UK & SaaS+ to $152.9m Up 20% to $470.2m Page 18
Slide 17: Profit Before Tax Growth of 18%
Profit Before Tax Growth of 18% Profit growth accelerated in FY24 For personal use only Track record of achieving top of guidance 19% 18% 16% 15% Our Outlook 12% - 16% for FY25 is 10% - 15% strong FY21 FY22 FY23 FY24 FY25 Page 20
Slide 18: FY24 dividend up 15% to 22.45 cps
FY24 dividend up 15% to 22.45 cps Increased profit enables dividend uplift Confidence in the outlook For personal use only • Strong balance sheet supports dividend level • Final Dividend 17.37cps 22.45 CAGR: • Significant cash holdings retained 15% +15.0% 19.52 for inorganic growth 3.00 • Payout rat
Slide 19: Balance Sheet and Cash Flow
Balance Sheet Cash Flow For personal use only Cash and Investments NPAT versus Cash Flow Generation Up 25%, $55m $119.0m $104.6m NPAT $118m NPAT $102.9m $125.2m $142.9m $175.9m $223.3m $278.7m FY20 FY21 FY22 FY23 FY24 FY23 FY24 NPAT Cash Flow Generation Cash & Investments of $278.7m, up 25% Cash Flo
Slide 20: FY24 Record profit, SaaS & Recurring revenue, and ARR
FY24 Record profit, SaaS & Recurring For personal use only Cash and revenue, and ARR Investments Revenue Summary up 25% pcp to up 19% pcp $278.7m to $266.3 m UK Sales ARR Profit Before Tax NRR of 117% up 70% pcp up 18% pcp above target of to $8.7m to $152.9m 115% R&D investment for Surpass $500m+ To
Slide 21: Agenda
Agenda For personal use only • Financial Results and Significant Achievements • Outlook for FY25 • Long Term Outlook Page 24
Slide 22: Outlook
Outlook For personal use only Strong ARR and profit Planned reduction of lower quality On track to surpass growth for FY25 one-off Traditional Consulting Fees $500m+ ARR by H1 replaced with high quality SaaS+ FY25 revenue • The markets we serve are resilient. verified cost savings of 40%+ by moving
Slide 23: Agenda
Agenda For personal use only • Financial Results and Significant Achievements • Outlook for FY25 • Long Term Outlook Page 27
Slide 24: Surpass $500m+ ARR by FY26
For personal use only Surpass $500m+ ARR by FY26 Upgrades to $500m+ ARR by FY25 Upgrades to $500m+ ARR by H1 FY25 Page 28
Slide 25: Continue to double in size every 5 years
For personal use only Continue to double in size every 5 years Page 29
Slide 26: Total Addressable Market $13.5b: Multiple Platforms for Growth
Total Addressable market $13.5b Multiple Platforms For personal use only for Growth Strong Net Revenue Retention (NRR] of 115-120% Significant ARR whitespace in our APAC customer base R&D over next 5 years doubles APAC ARR ARR whitespace Solution as a Service is a gamechanger, lifts ARR by 40% Strat
Slide 27: A new long-term target: $1b+ ARR by FY30
For personal use only A new long-term target $1b+ ARR by FY30 Page 31
Slide 28: R&D Significant Investment
R&D Significant Investment For personal use only R&D investment of $112.0m up 21% Fastest Adoption for future growth 438 new features 92% Customer driven Build an app Google to faster without outcome having to code experience R&D 25% of investment of revenue2 $128.0m1 1 R&D expenditure before capita
Slide 29: SaaS+ lifts ARR by 40%
For personal use only SaaS+ lifts ARR by 40% Solution as a Service Page 33
Slide 30: Path to ERP in days
Path to ERP in 30 days 160 For personal use only 140 Powered by Days to implement 30 2022 2024 2025 2026 2027 2028 Page 34
Slide 31: FY24 United Kingdom
FY24 United Kingdom Sales New ARR 70% higher than 2023 Total ARR up 31% to $34.7m versus pcp For personal use only • 100% of implementations delivered via SaaS+ model • Hyperfocus strategy on two industries (LG and EDU) • Strong brand presence • Impressive referenceable • Strong pipeline • Strong sa
Slide 32: $1B+ ARR by FY30
For personal use only $1B+ ARR BY FY30 19 Products Multiple platforms $13.5B Total Addressable for growth NRR target Market 115%-120% Page 37
Slide 33: Our People and Our Community
Our goal is to lift 500,000 For personal use only children and their families out of poverty Our People and Our Community Page 38
Slide 34: People & Culture
People & For personal use only Culture Recognized as Employer of Choice Award winning programs Employee share program Strong culture of creativity and innovation Page 39
Slide 35: 500,000 children and their families out of poverty
For personal use only 500,000 children and their families out of poverty Page 41
Slide 36: Our People
For personal use only Our People Page 42
Slide 37: Making life simple for our community
technology’ Making life simple for our comm