Tracsis Plc · LSE:TRCS
Tracsis — Tracsis Plc Ord — FY2025 Earnings Presentation
31 slides from Tracsis's earnings presentation, Nov 21, 2025
Slide 1: Results Presentation
Results Presentation Tracsis plc Year Ended 31 July 2025 November 2025 1
Slide 2: Contents
Contents Introduction 3 FY 2025 Financial Review 6 Growth Transformation 12 Closing Remarks 17 Appendix Materials Strategy, Products, Markets 21 5 Year Financials 28 List of Significant Shareholders 30 2
Slide 3: Introduction
Introduction QTRACSIS
Slide 4: Introduction
Introduction • Improved financial performance in H2 • Progress against the drivers of long -term shareholder value • FY 2026 expectations unchanged with ongoing UK rail market challenges already factored in • Confident of delivering FY 2026 priorities • Positioning for long -term growth and margin a
Slide 5: First 100 Days
First 100 Days Attractive, enduring market drivers FY 2026 Priorities • FY 2026 operational delivery Well differentiated technology and market position • Organic growth transformation ✓ Organic pipeline growth A strategy focused on growth and margin improvement ✓ Product development ✓ International
Slide 6: FY 2025 Financial Review
FY 2025 Financial Review QTRACSIS
Slide 7: Solid Financial Foundations
Solid Financial Foundations Improved H2 Modest revenue 8% increase in trading growth despite recurring and performance headwinds transactional revenues £3m buyback £23.4m cash & 8% increase in full completed increased free cash year dividend to 2.6p flow conversion 7
Slide 8: Financial Performance In Line With Revised Guidance
Financial P erformance In Line With Revised Guidance £’000 FY 2025 FY 2024 Variance • 3% revenue growth on like -for-like basis 1 Revenue 81,890 81,022 1% • Adjusted EBITDA* reflects trading headwinds Adjusted EBITDA * 12,574 12,759 (1%) • c.£1.5m impact from CP7 funding constraints Adjusted EBITDA
Slide 9: Rail Technology and Services
Rail Technology and Services £’000 FY 2025 FY 2024 Variance Revenue (£m) Revenue 37,945 37,608 1% Recurring Software Transactional Hardware and project Licence Revenue 1 Revenue 2 revenue Adjusted EBITDA * 9,613 9,823 (2%) Adjusted EBITDA % 25% 26% (79 bps) 23.2 • Recurring software licence revenue
Slide 10: Data, Analytics, Consultancy and Events
Data, Analytics, Consultancy and Events £’000 FY 2025 FY 2024 Variance Revenue (£m) Revenue 43,945 43,414 1% Traffic Data and Events Professional Services Adjusted EBITDA * 2,961 2,936 1% Adjusted EBITDA % 7% 7% (2 bps) • 5% like -for-like revenue growth 1 • H2 margin improvement in Traffic Data and
Slide 11: Increased Free Cash Flow Conversion
Increased F ree Cash Flow Conversion £’m FY 2025 FY 2024 Adjusted EBITDA 12.6 12.8 • Unwind of trade receivables balance at year end Change in working capital 0.6 (0.5) • £1.4m exceptional cashflows to deliver transformation Capex (net) (0.9) (1.2) activities Capitalised development costs (0.8) (0.5
Slide 12: Growth Transformation
Growth Transformation QTRACSIS
Slide 13: Our Vision Our Purpose
Our Vision To lead the future of sustainable intelligent transport Our Purpose We make transport work – safely, efficiently and sustainably 13
Slide 14: 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 15: 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 16: 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 17: Closing Remarks
Closing Remarks QTRACSIS
Slide 18: Key Takeaways
Key Takeaways • Stabilisation in H2 with improved performance and recovery in Traffic Data and Events profitability • FY 2026 expectations unchanged with ongoing UK rail market challenges already factored in • Executing clearly defined FY 2026 priorities • Strong fundamentals, with growth underpinne
Slide 19: Questions
Questions QTRACSIS
Slide 20: Appendix
Appendix QTRACSIS
Slide 21: Our Journey of Intelligent Transport Innovation
Our Journey of Intelligent Transport Innovation Origins Platform Expansion Product Delivery Growth Transformation Research to Reality: Added timetable optimisation, First live deployments of Transformation to an application software Advanced transport delay repay and smart ticketing enterprise softw
Slide 22: 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 23: 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 24: 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 25: Market Leading Rail Technology Products and Solutions
Market leading Rail Technology products and 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 26: 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 27: 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 28: 5 Year Income Statement
5 Year Income Statement £’000 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 Revenue 22,239 27,998 29,182 39,541 39,213 42,810 36,582 44,440 36,308 45,582 Adjusted EBITDA * 5,431 7,547 6,167 7,994 7,464 8,488 5,674 7,085 3,801 8,773 Operating Profit 1,608 3,548 1,635 1,620 2,3
Slide 29: 5 Year Balance Sheet
5 Year Balance Sheet £’000 Jan-21 Jul-21 Jan-22 Jul-22 Jan-23 Jul-23 Jan-24 Jul-24 Jan-25 Jul-25 Property, Plant & Equipment 3,312 3,540 3,767 4,897 4,585 4,789 5,104 4,992 4,104 5,326 Intangible Assets / 53,236 52,400 53,540 63,548 63,071 57,694 55,242 52,610 50,529 47,503 Investments 56,548 55,940
Slide 30: Significant shareholders
Significant shareholders Holder % Held Rathbones 13.3% Charles Stanley 8.0% Schroder Investment Management 6.9% Unicorn Asset Management 5.6% BGF 4.2% Downing 3.5% Canaccord Genuity Wealth Management 3.1% Evelyn Partners 2.9% Jupiter Asset Management 2.9% Clearbridge Investments 2.7% Amati Global In
Slide 31: Thank you
Thank you QO TRACSIS