Gentrack Group Ltd · NZX:GTK
Gentrack — H1 FY2026 Earnings Presentation
26 slides from Gentrack's earnings presentation, May 18, 2026
Slide 1: Gentrack Group HY26
For personal use only Gentrack Group HY26 18 May 2026 [NZX/ASX: GTK] © Gentrack 2026. All rights reserved. This document is the intellectual property of Gentrack.
Slide 2: 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 3: HY26 Business Review
For personal use only Gentrack HY26 Business Review Gary Miles Chief Executive Officer © Gentrack 2026. All rights reserved. This document is the intellectual property of Gentrack.
Slide 4: Financial Headlines
HY25 HY26 Financial Headlines REVENUE $112.0M Revenue at c.$110m. Strong recurring revenue $110.1M -1.7% (up12%) offset by lower NRR project revenue. For personal use only Utilities recurring revenue 9% higher UTILITIES at $73.3m (v$67.4m). NRR fell to $17m (v $25.4m) $92.8M $90.4M -2.6% following c
Slide 5: FY26 Outlook
FY26 Outlook For personal use only We provided our FY26 guidance on 5 May 2026, setting out that we expect: • Revenue to be between $229m to $238m. • Recurring revenues to grow by more than 10% to around $174m, while non-recurring (NRR) revenues will be lower than FY25. • EBITDA to be between $13.5m
Slide 6: Two mega-trends driving energy retail transformation
Two mega-trends driving energy retail transformation For personal use only Automation and cost to serve Price volatility and service opportunities from AI complexity from the energy transition These are key areas where Gentrack is advancing and investing © Gentrack 2026. All rights reserved. This do
Slide 7: Driver 1: AI automating operations and lowering cost to serve
DRIVER 1: AI AUTOMATING OPERATIONS AND LOWERING COST TO SERVE FOR RETAILERS For personal use only 30-70% cost reduction potential IT STACK Retail Improved regulatory compliance Operations Targeted marketing & segmentation Transformed by AI Payments & collection improvement Personalised offerings and
Slide 8: Driver 2: The energy transition creating price volatility and complexity
DRIVER 2: THE ENERGY TRANSITION IS CREATING UNTIL RECENTLY PRICE VOLATILITY AND SERVICE COMPLEXITY Backup power Large renewable plans De-centralised energy plans renewable energy Generation For personal use only Smart meters and hyper-scale data Distributed energy resource management Modern Transmis
Slide 9: Factor acquisition | Strategic Rationale
Factor acquisition | Strategic Rational Gold standard Market entry Proven team of For personal use only pricing & forecasting accelerator experts for g2 Factor’s advanced technology will Factor’s TAM is already global, Factor’s co-founders are proven be integrated as a core capability with no market
Slide 10: g2 Capability Model
g2 Capability Model For personal use only © Gentrack 2026. All rights reserved. This document is the intellectual property of Gentrack. 10
Slide 11: Factor acquisition | Transaction Terms
Factor acquisition | Transaction Terms Following a period of negotiation and conventional due diligence, Gentrack and Factor have executed a Sale and Purchase Agreement. The following are the highlights of the transaction: For personal use only Consideration • Enterprise value of NZ$24 million, with
Slide 12: Amber update
Amber update Gentrack owns c.10% of fast-growing Amber, following investing NZ$12.9m in Jan 2024, and a further NZ$4.9m in May 2025. For personal use only 53.5k+ ~305mw >65% Automated Automated AU Market share of devices supply automation © Gentrack 2026. All rights reserved. Sources: IEA Global EV
Slide 13: Veovo in H1
Veovo in H1 For personal use only © Gentrack 2026. All rights reserved. This document is the intellectual property of Gentrack. 13
Slide 14: DTP Acquisition | Global Scale and Regional Momentum
DTP Acquisition | Global Scale and Regional Momentum For personal use only MIDDLE EAST 150+ 26 Airports Countries © Gentrack 2026. All rights reserved. This document is the intellectual property of Gentrack. 14
Slide 15: DTP Acquisition | Global Scale and Regional Momentum
DTP Acquisition | Global Scale and Regional Momentum For personal use only MIDDLE EAST 60+ Staff 150+ 26 Airports Countries © Gentrack 2026. All rights reserved. This document is the intellectual property of Gentrack. 15
Slide 16: DTP Acquisition | Enhancing Veovo's AI-Centric Portfolio
DTP Acquisition | Enhancing Veovo’s AI-Centric Portfolio DTPs deep machine learning experience and domain models extends across all of Veovo capabilities For personal use only • World class AirportView app – increases information distribution and accessibility, a key differentiator • Strong integrat
Slide 17: CEO Closing Remarks
CEO Closing Remarks Gentrack is well positioned to lead across both airports and utilities sectors as they modernise operations For personal use only and adopt AI. These are sizable markets in which Gentrack has grown at 18% CAGR since FY20. We are confident in our target of >15% CAGR in the medium
Slide 18: HY26 Results
For personal use only Gentrack HY26 Results John Priggen Chief Financial Officer © Gentrack 2026. All rights reserved. This document is the intellectual property of Gentrack.
Slide 19: Group Profit and Loss
Group Profit and Loss • Recurring revenue up12% at c.$85m. NZ$m • Offset by lower NRR (project revenue) at Utilities and less For personal use only HY 25 HY 26 hardware sales at Veovo. Utilities Veovo Total Utilities Veovo Total YoY % Recurring Revenue 67.4 9.0 76.4 73.3 12.0 85.3 12% 12% Non Recurr
Slide 20: Utilities Revenue Analysis
Utilities Revenue Analysis NZ$m • Recurring Revenue up 9%: includes higher levels of Support HY 25 HY 26 Services spread across the customer base. For personal use only • NRR 33% lower following completion of several projects from last year (Utility warehouse; Vocus; PWC and phase 2 of Neom) and del
Slide 21: Utilities Operating costs
Utilities Operating costs NZ$m Utilities Costs HY25 v HY26 For personal use only HY 25 HY 26 YoY % • We had capacity to deliver more revenue in the first half than we did. Utilities Revenue 92.8 90.4 -2.6% • We continue to increase investment in Sales and Product investment/ taking g2.0 to market 18
Slide 22: Veovo Revenue Analysis
Revenue Analysis NZ$m Veovo Revenue HY25 v HY26 • Revenue excl. hardware sales is For personal use only Revenue by region 20% higher v HY25 HY 25 HY 26 EMEA Total Total YoY % $10.7m • Recurring revenues up 33% to Annual Fees 8.7 10.5 21% $12m following prior period Support Services 0.3 1.4 332% $12.
Slide 23: Cashflow
Cashflow NZ$m For personal use only • Cash at $73.2m and no external debt • First half cashflow cycle includes $10.3m of payments of prior years bonuses, commissions and LTI taxes (within working capital outflow for employee costs). • This drives a $11.6m cash outflow in HY26. We expect a working ca
Slide 24: Q&A
For personal use only Q&A © Gentrack 2026. All rights reserved. This document is the intellectual property of Gentrack.
Slide 25: Reconciliation to Financial Statements
Reconciliation to Financial Statements NZ$m For personal use only This sets out how revenue shown in this HY 25 HY 26 presentation reconciles to revenue Utilities Veovo Total Utilities Veovo Total YoY % disclosure in the Financial Statements. Annual Fees 32.4 8.7 41.1 35.1 10.5 45.7 11% Support Serv
Slide 26: Thank you
For personal use only Thank you © Gentrack 2026. All rights reserved. This document is the intellectual property of Gentrack.