Tracsis Plc · LSE:TRCS
Tracsis — Merger or Acquisition (July 2026)
8 slides from Tracsis's merger presentation, July 2026
Slide 1: Proposed acquisition of Mistral Data Limited
PRIVATE & CONFIDENTIAL Proposed acquisition of Mistral Data Limited Accelerates the transition to a scalable software product business with increased levels of recurring revenue July 2026 1
Slide 2: A compelling strategic fit
A compelling strategic fit 1 2 3 Strengthens our position in High -margin, highly recurring Accelerates our SaaS our home market revenues transition Highly complementary product set with A 30% adjusted EBITDA margin, with c.85% of A modern, cloud -native platform enabling us minimal overlap, adds tw
Slide 3: A proven UK rail software business with strong ARR base and growth record
A proven UK rail software business with strong ARR base and growth record REVENUE AND PROFITABILITY GROWTH Revenue (£m) Adj. EBITDA (£m) Adj. EBITDA Margin 12 months ending 31 March A diversified portfolio of 30.3% business -critical, cloud - 29.9% native software and data 27.7% £13.2m services £11.
Slide 4: Accelerates our strategy, in the market we know best
Accelerates our strategy, in the market we know best WHAT MISTRAL DATA BRINGS HOW IT STRENGTHENS THE COMBINED GROUP A more complete proposition across planning, Complementary products with minimal overlap Broader capability operations, passenger engagement and data services Higher Group margins and
Slide 5: A great fit for our portfolio, extending and strengthening capability
A great fit for our portfolio, extending and strengthening capability Operations Safety & compliance Asset monitoring & Customers, revenue & Business intelligence & maintenance ticketing cloud security Planning and running the service Managing safe access and regulatory Tracking and maintaining roll
Slide 6: A growing c.£185m core UK rail market – with broader opportunities beyond it
A growing c.£185m core UK rail market – with broader opportunities beyond it UK RAIL SOFTWRE MARKET HIERARCHY COMBINED GROUP POSITION >£2bn annual UK transport software spend c.22% estimated share of supply in the core market in 2025 >£650m Meaningful scale – with whitespace growth opportunities in
Slide 7: Summary: Mistral Data strengthens Tracsis today – and helps us reach our goals faster
Summary: Mistral Data strengthens Tracsis today – and helps us reach our goals faster 1 Acquisition closely aligned with our strategy Consistent with the growth transformation priorities 2 Strengthens our position in UK rail software Broader capability and wider reach in our home market , serving 22
Slide 8: Executing today while building for tomorrow
Executing today while building for tomorrow DEMONSTRABLE PROGRESS AGAINST OUR GROWTH TRANSFORMATION NEXT -PHASE PRIORITIES 1 Operational delivery FY26 performance continues to be in line with expectations Integrate 2 ‘One Tracsis ' Bring the enlarged software portfolio together under 'One Tracsis ’