Tracsis Plc · LSE:TRCS
Tracsis — Tracsis Plc Ord — H1 FY2026 Earnings Presentation
36 slides from Tracsis's earnings presentation, Apr 28, 2026
Slide 1: Interim Results
Interim Results Six months ended 31 January 2026 April 2026 1
Slide 2: Contents
Contents Introduction 3 Financial Review 6 Strategic Progress 12 Closing Remarks 17 Appendix Materials Strategy, Products, Markets 21 5 Year Financials 33 List of Significant Shareholders 35 2
Slide 3: Introduction
Introduction QTRACSIS
Slide 4: Our Vision Our Purpose
Our Vision To lead the future of sustainable intelligent transport Our Purpose We make transport work – safely, efficiently and sustainably 4
Slide 5: Key Messages
Key Messages 01 02 03 04 Improved financial FY26 outlook in Delivering against Building for the performance vs H1 line with market FY26 priorities future FY25 expectations 5
Slide 6: Financial Review
Financial Review QTRACSIS
Slide 7: H1 performance in line with expectations
H1 performance in line with expectations Revenue and margin Recurring and growth in transactional £38.9m both divisions revenues up 7% Revenue +7% vs H1 FY25 £5.0m Adj. EBITDA +31% vs H1 FY25 12.8% Adj. EBITDA Margin +236bps vs H1 FY25 10.2p £25.8m cash, Progressive dividend Adj. Diluted EPS +34% vs
Slide 8: Improved Performance vs H1 FY25
Improved Performance vs H1 FY25 Commentary £'000 H1 FY26 H1 FY25 Variance • Continued organic growth in high -quality recurring Revenue 38,931 36,308 +7% and transactional revenue Adjusted EBITDA¹ 4,996 3,801 +31% • Operating leverage drove EBITDA growth in both divisions Adjusted EBITDA margin 12.8
Slide 9: Rail Technology and Services
Rail Technology and Services £'000 H1 FY26 H1 FY25 Variance Revenue mix (£m) 1 2 Hardware and Recurring licence Transactional Revenue 18,073 16,816 +7% Project Adjusted EBITDA 3,500 3,011 +16% Adjusted EBITDA 19.4% 17.9% +146 bps margin 10.0 10.4 Performance drivers 9.4 • Recurring software licence
Slide 10: Data, Analytics, Consultancy and Events
Data, Analytics, Consultancy and Events £'000 H1 FY26 H1 FY25 Variance Revenue mix (£m) Traffic Data and Events Professional Services Revenue 20,858 19,492 +7% Adjusted EBITDA¹ 1,496 790 +89% Adjusted EBITDA 7.2% 4.1% +312 bps margin Performance drivers • Organic revenue growth of +7% • Multi-year G
Slide 11: Healthy Free Cash Flow Conversion
Healthy Free Cash Flow Conversion £m H1 FY26 H1 FY25 Commentary Adjusted EBITDA 5.0 3.8 • Working capital reflects normal trading patterns • £1.1mexceptional outflow includes £0.6m from costs Change in working capital 0.3 0.9 Capex (net) (0.2) (0.3) accrued in FY25 ; c.£2m further outflow expected i
Slide 12: Strategic Progress
Strategic Progress QTRACSIS
Slide 13: Market Update
Market Update UK North America Europe ENCOURAGING PROGRESS, PATIENT WELL ESTABLISHED STRATEGIC POSITION MEASURED FOOTHOLD ESTABLISHED OUTLOOK Near -term friction remains Industry demand for new technology Nascent, fragmented ticketing market providers Small operational presence in Germany Political
Slide 14: Progress Against FY26 Priorities
Progress Against FY26 Priorities 01 02 03 Higher -quality revenue Transitioning to a scalable Core market delivery growth software product business Revenue and margin growth in both divisions Recurring software licence revenue up 4% to Vesputi adds German digital ticketing foothold, £10.4m with furt
Slide 15: Key Strategic Actions Taken
Key Strategic Actions Taken 01 ACQUISITION 02 OPERATING MODEL TRANSFORMATION Vesputi ‘One Tracsis ’ Post -period bolt -on acquisition expands digital ticketing capability into Groupwide functional operating model now being extended across the German public transport wider portfolio Mobilitybox is a
Slide 16: Executing today while building for tomorrow
Executing today while building for tomorrow What we are focused on now What we are building towards over time 01 FY26 operational delivery Scalable growth Common technology through higher recurring revenue and margin architecture with 02 Embed groupwide ‘One Tracsis ’ operating model accretion moder
Slide 17: Closing Remarks
Closing Remarks QTRACSIS
Slide 18: Key Takeaways
Key Takeaways Executing with clarity and discipline Building a more scalable, software -led transport FY26 outlook in line with market expectations technology business with higher -quality recurring Commercial momentum is supporting future growth revenues and growing international reach Strategic ac
Slide 19: Questions
Questions QTRACSIS
Slide 20: Appendix
Appendix QTRACSIS
Slide 21: Our Journey of Intelligent Transport Innovation
Our Journey of Intelligent Transport Innovation 21
Slide 22: Tracsis Rail
Tracsis Rail Safety Operations Tools and workflows that Integrated planning and keep workers safe, operational tools to keep compliant and minimise services running smoothly operational risk and efficiently Assets Ticketing Remote condition monitoring Smart, automated for smarter, data -led ticketin
Slide 23: Tracsis Data, Analytics, Consultancy & Events
Tracsis Data, Analytics, Consultancy & Events GeoIntelligence Events Location -related technologies and Traffic management analytics solutions and solutions for large, services to enable complex operations customers to deliver including festivals, more efficient operations, sporting events, and larg
Slide 24: Structural Drivers of Long-Term Transport Technology Investment
Structural Drivers of Long -Term Transport Technology Investment Global Transport Market Market Drivers Global Transport Market Urbanisation and population growth $5.7T+ market by 2031 Projected 7% CAGR Climate and environmental risks Core Tracsis addressable markets: Rail, Road Regulation and polic
Slide 25: Positioned in Core Markets to Leverage Global Growth
Positioned in Core Markets to Leverage Global Growth Go -To Provider for Transport How We Win Targeted International Growth Technology in the UK Thought leadership Class -leading technology Deep domain expertise Flexible, trusted partner Existing regions Regions investing in multi -modal, digitised
Slide 26: Growth Transformation Vectors
Growth Transformation Vectors • Disciplined criteria, focused in the • Leverage strength of transport technology core market ecosystem • Market led product reputation in targeted roadmaps international markets • Focus on SaaS native • Well positioned for application software Tracsis in the Great Bri
Slide 27: Investing in Modular SaaS Native Product Roadmaps
Investing in Modular SaaS Native Product Roadmaps • Market led product roadmaps • Modular SaaS native application software products • Common technology architecture, agnostic to data source • UI / UX data platform hosting software applications providing customer insights Application Stack Smart Devi
Slide 28: Market leading Rail Technology products & solutions
Market leading Rail Technology products & solutions Product Category Key Products and Solutions • End to end SaaS Operations • Train Planning ( ATTUne ) and • Train Dispatch system used on and Planning platform ( TRACS Stock and Crew Optimisation 120+ railroads via 21 freight Operations Enterprise)
Slide 29: Customer Facing Solution
Tracsis is the leading UK rail provider of PAYG smart ticketing Train Operators and Transport Authorities Smartcard Contactless Mobile App CUSTOMER FACING SOLUTION BEST AVAILABLE RAIL FARE & AUTOMATED DELAY REPAY TAP IN TAP OUT TAP IN TAP OUT TAP IN TAP OUT Tracsis smartTIS platform Best Fare Calcul
Slide 30: North American rail market
North American rail market Expanding our Train Dispatch software footprint with Commuter Rail and Shortline Freight operators is our key focus for growth Class 1 Freight Shortline Freight Commuter Transit Railroads Operators Railroads Agencies 6 operators, owning their own 603 shortlines connecting
Slide 31: Delivering Today While Building For Tomorrow
Delivering Today While Building For Tomorrow Tracsis Today Tracsis In the Future Modest growth with limited operating Scalable growth with increased leverage recurring revenue and margin accretion Multiple technology stacks and Common technology architecture with inconsistent UX modern UI / UX High
Slide 32: How Mobilitybox Works
How Mobilitybox Works Public transport operators Rail, bus, tram, metro Tickets, fares, service data Vv REVENUE MODEL Mobilitybox Transaction fee by vesputi eared each time a ticket is processed annually through the platform | Distribution via APIs Third-party apps Websites Mobility, travel, journey
Slide 33: 5 Year Income Statement
5 Year Income Statement ’000 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 Revenue 22,239 27,998 29,182 39,541 39,213 42,810 36,582 44,440 36,308 45,582 38,931 Adjusted EBITDA * 5,431 7,547 6,167 7,994 7,464 8,488 5,674 7,085 3,801 8,773 4,996 Operating Profit 1,608 3,548 1,63
Slide 34: 5 Year Balance Sheet
5 Year Balance Sheet ’000 Jul-21 Jan-22 Jul-22 Jan-23 Jul-23 Jan-24 Jul-24 Jan-25 Jul-25 Jan-26 Property, Plant & Equipment 3,540 3,767 4,897 4,585 4,789 5,104 4,992 4,104 5,326 6,175 Intangible Assets / 52,400 53,540 63,548 63,071 57,694 55,242 52,610 50,529 47,503 45,235 Investments 55,940 57,307
Slide 35: Significant Shareholders
Significant Shareholders Holder % Held Rathbones 11.3% Charles Stanley 8.5% Schroder Investment Management 5.8% Unicorn Asset Management 5.5% BGF 4.2% Downing 3.8% Canaccord Genuity Wealth Management 3.1% Clearbridge Investments 3.1% River Global Investors 3.0% Jupiter Asset Management 2.9% Amati Gl
Slide 36: Thank you
Thank you QO TRACSIS