Slide 1: Gentrack Group FY24 Half Year Update
For personal use only Gentrack Group FY24 Half Year Update 20 May 2024 [NZX/ASX: GTK] © Gentrack 2024. 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: HY24 Business Review
For personal use only Gentrack HY24 Business Review Gary Miles Chief Executive Officer © Gentrack 2024. All rights reserved. This document is the intellectual property of Gentrack. 3
Slide 4: Financial Headlines
HY23 HY24 Financial Headlines $84.3M $102.0M Revenue growth of 21% REVENUE 21.0% For personal use only Utilities revenue up 17%: UTILITIES $86.5M • This is despite one off revenues of $19.7m from REVENUE $73.9M 17.0% insolvent UK customers in the prior period. Our last UK customer to become insolven
Slide 5: Outlook: Upgrade for FY24 Revenue and EBITDA
Outlook: Upgrade for FY24 Revenue and EBITDA For personal use only Both Utilities and Veovo continue to grow strongly as a result of recent wins and customer upgrades and so we are able to upgrade our previous revenue guidance of at least $170m for FY24, to new guidance of c.$200m for FY24. Against
Slide 6: Our 4+1 Engines of Growth
Our 4+1 Engines of Growth International to NZD $8m For personal use only NZ 4+1 +24% Excluding hardware AUS UK © Gentrack 2024. All rights reserved. 6 +62% This document is the intellectual property of Gentrack. Excluding insolvencies
Slide 7: Momentum going forward
Momentum going forward South-East Asia Europe & AUS & NZ Middle-East Growing pipeline Large and dynamic Clear market leader For personal use only Focusing on market with 200+ in core markets pipeline on target utilities Growth and innovation 5 key target continues and internationally markets ME HQ i
Slide 8: Airport Division Takes Off
Airport Division Takes Off For personal use only Win new airports 3 New airports in the UK and continued Saudi expansion since the start of the FY Upsells & Renewals 3 2 Numerous upsells, including in Upgrades signed Transformation projects go-live 5 tier-1 airports Continuous innovation to meet str
Slide 9: Sustainability at the heart of Gentrack's DNA
Sustainability at the heart of Gentrack’s DNA Achieved 100% Renewable Energy Our Melbourne, Auckland and London offices now fully on green energy For personal use only Sustainability Platform Launched March 22nd 2024 3,890 trees planted since April launch Trees Planted through Ecologi Sustainability
Slide 10: CEO Closing Remarks
CEO Closing Remarks Both the airport and utilities industries are undergoing major transformation as is evidenced by Gentrack’s strong growth. They are great industries. For personal use only Gentrack’s stated ambition is to grow more than15% CAGR over the medium term. For utilities, our core market
Slide 11: HY24 Results
For personal use only Gentrack HY24 Results John Priggen Chief Financial Officer © Gentrack 2024. All rights reserved. This document is the intellectual property of Gentrack.
Slide 12: Group Profit and Loss
Group Profit and Loss NZ$m Revenue up 21%. Strong growth at both Veovo and For personal use only Utilities. Operating costs up 31% to support higher revenue and higher investment in R&D & international expansion. Veovo’s costs include higher hardware costs than prior period to support its NRR. EBITD
Slide 13: Utilities Revenue Analysis
Utilities Revenue Analysis NZ$m Utilities Revenue HY24 v HY23 For personal use only HY24 Total revenue up 21% v HY23 HY23 Total:$86.5m Total:$73.9m Underlying:$86.5m • Strong underlying growth (excl. Bulb & other Underlying:$54.2m insolvent customers) – up 60% v HY23. • Major projects starting durin
Slide 14: Utilities – Analysis of Revenue
Utilities – Analysis of Revenue NZ$m HY24 v HY23 Revenue by region -5% Underlying revenue Insolvent customers +62% • Strong underlying growth across all regions. Underlying growth For personal use only • ROW – HY24 includes Saudi Arabia alongside 25% revenue from customers in Singapore, Fiji & Papua
Slide 15: Utilities Expenditure Analysis
Utilities Expenditure Analysis NZ$m Utilities Costs HY23 v HY24 For personal use only • $10m increase in direct costs, in people & hosting, to support higher revenues. • Higher investment in strategic R&D (up $3.2m). • Investment in international expansion (Asia & EMEA) up $1.6m over prior period to
Slide 16: Veovo Revenue Analysis
Revenue Analysis NZ$m Veovo Revenue HY23 v HY24 HY24 v HY23 Revenue by region For personal use only HY24 $15.5m Total Revenue EMEA HY23 Up 49.4% on HY23 $10.4m Annual Recurring Americas Revenue $7.9m Up 16.1% on HY23 APAC 49% Committed Monthly Non-contracted Non-recurring Recurring Revenues Recurrin
Slide 17: Cashflow
Cashflow NZ$m • Cash at 31 March 2024 was $39.3m. We have For personal use only no debt but retain an undrawn $25m credit facility. • Underlying cash generated in the period was $3m, before investing $12.9m in Amber in February 24. • We expect the working capital outflow for the full year to materia
Slide 18: Q&A
For personal use only Q&A © Gentrack 2024. All rights reserved. This document is the intellectual property of Gentrack.
Slide 19: Reconciliation to interim statement
Reconciliation to interim statement NZ$m For personal use only • This shows how CMRR; TRR; NRR and revenue from insolvent customers shown in this presentation reconciles to revenue disclosure in the Interim Statements. • For HY23, the $19.7m revenue from insolvent customers is disclosed in the Inter
Slide 20: HY24 on a Constant Currency Basis
HY24 on a Constant Currency Basis For personal use only HY24 NZ$m HY24 Constant Difference % Currency Revenue 102.0 98.9 -3.1 -3.1% Operating Costs 89.7 86.9 -2.8 -3.2% EBITDA 12.3 12.0 -0.3 -2.4% Statutory NPAT 5.3 5.3 -0.0 -0.1% © Gentrack 2024. All rights reserved. This document is the intellectu
Slide 21: Thank you
For personal use only Thank you © Gentrack 2024. All rights reserved. This document is the intellectual property of Gentrack.