Technology One Limited · ASX:TNE
Technology One — Shareholder Meeting (February 2026)
56 slides from Technology One's shareholder meeting presentation, Feb 18, 2026
Slide 1: 2025 Annual General Meeting
For personal use only 2025 Annual General Meeting 18 February 2026 Debbie Warren CHIEF EXECUTIVE OFFICER Royal Borough of Greenwich © 2025 TechnologyOne Limited | ABN: 84 010 487 180
Slide 2: Disclosure Statement
Disclosure Statement TechnologyOne Ltd 2025 Annual General Meeting – 18 February 2026 TechnologyOne Ltd (ASX: TNE) today conducted its Annual General Meeting at the Brisbane Sofitel. For personal use only These slides have been lodged with the ASX and are also available on the company’s website: Inv
Slide 3: Agenda
Agenda. For personal use only • Our Strategy • Overview of Financial Results • Thriving in the AI Era • Outlook and Guidance for FY26 • Our People
Slide 4: Our Strategy
For personal use only Our Strategy
Slide 5: Our Vision, Purpose and Mission
Our Vision Making life simple For personal use only for our community Our Purpose Our passion is to solve the complex Our Mission Better our community, from its citizens to students, by leveraging our team’s innovation, drive and determination.
Slide 6: Market focus and commitment
Market focus & commitment For personal use only Evolution not We dream big revolution and deliver Tech is the Answer The One power of experience one for our customers
Slide 7: One experience, market focus, evolution not revolution
For personal use only One Market focus Evolution The power experience and not revolution of one for our commitment customers Local Education Government Government Asset and Project Health and Community Financial Services and Intensive industries Services Corporates
Slide 8: Our R&D investments are leading the next evolution of ERP
Our R&D investments are leading the next evolution of ERP. For personal use only Finance 1 for Ci Finance 1 Windows Gen 4 Gen 5 Gen 1 Gen 2 Gen 3 SaaS RDMS PC Internet On-prem Software SaaS SaaS+
Slide 9: Traditional on-premise software cost and time
Load balance For personal use only Database Operating system $ Memory CPU Server Licence TIME
Slide 10: SaaS
For personal use only $ TIME SaaS
Slide 11: Implementation effort and cost over time
Integration Data Migration For personal use only Tester BA/SME/config Project manager $ Si TIME
Slide 12: SaaS+ reduces time and cost
For personal use only $ TIME
Slide 13: Plus product screenshot
Plus” @e a @ Good morning, Chando Task summary Priority tasks Time-sensitive @ tasks In focus 2 4 Critical task = @ Outstanding = @ Critical tasks @ Street lemp out applications 1 3 General tasks Plus Insights Overdue ' Work requests @ 12 a5. Purchase Requests 2
Slide 14: Financial Results
For personal use only Results Financial
Slide 15: FY25 Results – SaaS+ Delivers
FY25 Results – SaaS+ Delivers. Beats FY25 Guidance For personal use only ARR growth Profit growth driven by SaaS+ and UK 19% Growth to $181.5m (NPBT) Up 18% to $554.6m
Slide 16: A new long-term target: $1b+ ARR by FY30
For personal use only Surpassed $500m+ ARR by H1 FY25 A new long-term target $1b+ ARR by FY30
Slide 17: Top quartile of global SaaS software businesses
FY25 Results – Top quartile of global SaaS software businesses Rule of 40* = 59% For personal use only Up 7 ppt (FY24: 52%) Profit ARR growth growth driven by SaaS+ and UK 19% Growth to $181.5m (NPBT) Up 18% to $554.6m * Rule of 40 is defined as the sum of ARR growth and the 12-month rolling free ca
Slide 18: FY25 dividend up 63% to 36.60 cps
FY25 dividend up 63% to 36.60 cps Significant uplift in total dividend from strong profit and cash result Increased profit enables dividend uplift • FY25 PBT up 19%, enabling final dividend uplift of 15% to 20.0 cents per share For personal use only • Strong balance sheet supports special dividend o
Slide 19: Balance Sheet and Cash Flow
Balance Sheet Cash Flow Cash and Investments NPAT to Free Cash Flow Margin For personal use only NPAT Free Cash Flow Margin 134% $319.6m $160.00 130% $278.7m $140.00 102% 101% $137.6m 110% $120.00 88% 87% $223.3m $118.0m 90% $100.00 $102.9m $175.9m 70% $80.00 $88.8m $142.9m $72.7m 50% $60.00 30% $40
Slide 20: FY25 Summary
Record R&D Record FY25 profit, revenue, and Total Dividend investment for future up 63% Summary For personal use only ARR growth of to 36.6 cps $153.7m, up 20% Delivered Record Total Record Profit game Before Tax Rule of 40 Record UK ARR changing AI up 19% +59% ARR up 49% to up 18% to technology - t
Slide 21: Thriving in the AI Era
For personal use only Thriving in the AI Era Hello.. Why TechnologyOne Is Stronger $555M 99%+ $1B+ 38 FY25 ARR Customer Retention ARR Target by FY30 Years of Delivery
Slide 22: Our R&D investments are leading the next evolution of ERP
Our R&D investments are leading the next evolution For personal use only of ERP. Finance 1 for Ci Finance 1 Windows Gen 4 Gen 5 Gen 1 Gen 2 Gen 3 SaaS RDMS PC Internet On-prem Software SaaS SaaS+
Slide 23: Path to ERP in days
Path to ERP in 30 days For personal use only 300 140 Powered by 126 Days to implement 30 2024 2025 2026 2027 2028
Slide 24: Not all SaaS companies are created equal
For personal use only Not all SaaS companies are created equal Ai is an accelerant for our business
Slide 25: Thriving in the AI Era – The Macro
Thriving in the AI Era 1 The Macro For personal use only What is SaaS and how is AI reshaping the software stack? 2 Dimensions of Resilience A framework for assessing AI disruption risk in SaaS 3 Where TechnologyOne Fits Our customers, our competitive strengths, and our economic moat 4 AI Makes Us S
Slide 26: How AI Reshapes the Software Stack
THE M ACR O How AI Reshapes the Software Stack For personal use only BEFORE AFTER The Traditional SaaS Model The "Thin Middle" Squeeze AI Agent Layer User Executes work autonomously ▼ ▲ Value moves up SaaS UI Layer SaaS UI Layer — Squeezed Dashboards, workflows, integrations ▼ Value moves down ▼ Sys
Slide 27: What This Means for SaaS
THE IM PLIC ATI ON S What This Means for SaaS For personal use only Users & Interfaces Per-Seat Pricing What Survives — Disrupted Under Pressure and Thrives AI agents are replacing traditional If AI agents do the work of Systems of record with proprietary users and conversational AI is employees, co
Slide 28: Thriving in the AI Era – Dimensions of Resilience
Thriving in the AI Era 1 The Macro For personal use only What is SaaS and how is AI reshaping the software stack? 2 Dimensions of Resilience A framework for assessing AI disruption risk in SaaS 3 Where TechnologyOne Fits Our customers, our competitive strengths, and our economic moat 4 AI Makes Us S
Slide 29: Seven Dimensions of AI Resilience
M OAT FRAM E W OR K Seven Dimensions of AI Resilience For personal use only AI Capability & Proprietary Domain Expertise Customer Investment Data Assets & Regulation Embeddedness Active AI investment and culture of First-party, real-time data with network Deep vertical knowledge in complex Mission-c
Slide 30: Thriving in the AI Era – Where TechnologyOne Fits
Thriving in the AI Era 1 The Macro For personal use only What is SaaS and how is AI reshaping the software stack? 2 Dimensions of Resilience A framework for assessing AI disruption risk in SaaS 3 Where TechnologyOne Fits Our customers, our competitive strengths, and our economic moat 4 AI Makes Us S
Slide 31: Not All SaaS Companies Are Created Equal
AI DISRUPTI O N RISK Not All SaaS Companies Are Created Equal HIGHER RISK OF LOWER RISK OF AI For personal use only AI DISRUPTION DISRUPTION • Horizontal, general-purpose software • Vertical-specific, mission-critical platforms • Single-application solutions • Deep, multi-department workflows • Low
Slide 32: This is TechnologyOne
AI DISRUPTI O N RISK Not All SaaS Companies Are Created Equal HIGHER RISK OF LOWER RISK OF AI For personal use only AI DISRUPTION DISRUPTION This is TechnologyOne • Horizontal, general-purpose software • Vertical-specific, mission-critical platforms • Single-application solutions • Deep, multi-depar
Slide 33: Two Types of Buying Customers
OUR CUSTOM E RS Two Types of Buying Customers For personal use only HIGHER RISK OF LOWER RISK OF AI AI DISRUPTION DISRUPTION Commercial Customers Public Sector & Highly Regulated Customers • Growth-oriented and commercially driven • Mission-driven and community-focused • Comfortable with higher risk
Slide 34: Two Types of Buying Customers – This is TechnologyOne
OUR CUSTOM E RS Two Types of Buying Customers For personal use only HIGHER RISK OF LOWER RISK OF AI AI DISRUPTION DISRUPTION This is TechnologyOne Commercial Customers Public Sector & Highly Regulated Customers • Growth-oriented and commercially driven • Mission-driven and community-focused • Comfor
Slide 35: Thriving in the AI Era – AI Makes Us Stronger
Thriving in the AI Era 1 The Macro For personal use only What is SaaS and how is AI reshaping the software stack? 2 Dimensions of Resilience A framework for assessing AI disruption risk in SaaS 3 Where TechnologyOne Fits Our customers, our competitive strengths, and our economic moat 4 AI Makes Us S
Slide 36: Our Competitive Strengths – A Strong Moat
Our Competitive Strengths – A Strong Moat Levers for Our Competitive Strengths Growth For personal use only • Mission-critical software • Defence in-depth security and data The Interface sovereignty What the user sees (AI/UI) Vertical Expertise • Invest 20% to 25% of total revenue in and IP R&D cont
Slide 37: Plus product screenshot
Plus” @e a @ Good morning, Chando Task summary Priority tasks Time-sensitive @ tasks In focus 2 4 Critical task = @ Outstanding = @ Critical tasks @ Street lemp out applications 1 3 General tasks Plus Insights Overdue ' Work requests @ 12 a5. Purchase Requests 2
Slide 38: Our R&D investments are leading the next evolution of ERP
Our R&D investments are leading the next evolution For personal use only of ERP. Finance 1 for Ci Finance 1 Windows Gen 4 Gen 5 Gen 1 Gen 2 Gen 3 SaaS RDMS PC Internet On-prem Software SaaS SaaS+
Slide 39: Business Outcomes require trusted execution
Business Outcomes require trusted execution : Replicating UI does not replicate ERP In regulated domains, value comes from governed decisions and permissioned actions not just answers. Council Resident Seeking a Building Permit For personal use only The Top Layer – The AI Agent Agentic AI Experience
Slide 40: The Network Effect – Making Data Highly Valuable
The Network Effect – Making Data Highly Valuable in our AI Models For personal use only • We have the domain intelligence for each vertical, workflow and business process our Customers need • Customers focus on their core business not building and supporting complex applications • Sharing common pra
Slide 41: Why Plus and AI Makes Us Stronger
A I S T R E N G T H E N S O U R M O AT Why Plus and AI Makes Us Stronger – Moving from B2B to B2B2C For personal use only Plus — Agentic AI Platform Embedded across all 20 products and 600+ How Our Economic Moat Deepens ✓ modules - AI operates within our customer’s own data, permissions ↑ Switching
Slide 42: Our Competitive Strengths – A Strong Moat
Our Competitive Strengths – A Strong Moat Levers for Growth Our Competitive Strengths For personal use only • Mission-critical software Vertical Expertise and IP • Defence in-depth security and data sovereignty • Invest 20% to 25% of total revenue in R&D continuously delivering new products and modu
Slide 43: TechnologyOne is our Customer's AI Strategy
TechnologyOne is our For personal use only Customer's AI Strategy SaaS isn’t dead — but value is shifting. We own the data, the products, and the platform.
Slide 44: AI in Action: Fastest Customer Uptake
AI IN AC TI ON : Fastest Customer Uptake For personal use only 100% 90% 80% Customer Uptake 70% 60% 50% 40% 22 Sold to 30% Date 20% 10% FY26 FY27 FY28 FY29 * For illustrative purposes only. Actual rates of customer adoption are not known or forecast at this stage.
Slide 45: Thriving in the AI Era – Our Five-Year View
Thriving in the AI Era 1 The Macro For personal use only What is SaaS and how is AI reshaping the software stack? 2 Dimensions of Resilience A framework for assessing AI disruption risk in SaaS 3 Where TechnologyOne Fits Our customers, our competitive strengths, and our economic moat 4 AI Makes Us S
Slide 46: Our R&D investments are leading the next evolution of ERP
Our R&D investments are leading the next evolution For personal use only of ERP. Finance 1 for Ci Finance 1 Windows Gen 4 Gen 5 Gen 1 Gen 2 Gen 3 SaaS RDMS PC Internet On-prem Software SaaS SaaS+
Slide 47: We will continue to double in size every five years
For personal use only We will continue to double in size every 5 years $1b+ ARR by FY30
Slide 48: A History of Doubling
TR AC K RECORD A History of Doubling For personal use only ~2x ~2x ~2x ~2x $1+ billion ~15% CAGR to double every 5 years $555m 18% TechnologyOne's compound ARR target $222m $100m $49m FY10 FY15 FY20 FY25 FY30E FY30E is illustrative at 15% CAGR.
Slide 49: Thriving in the AI Era – Upgraded FY26 Guidance
Thriving in the AI Era 1 The Macro For personal use only What is SaaS and how is AI reshaping the software stack? 2 Dimensions of Resilience A framework for assessing AI disruption risk in SaaS 3 Where TechnologyOne Fits Our customers, our competitive strengths, and our economic moat 4 AI Makes Us S
Slide 50: Upgraded FY26 PBT Outlook
FY26 GUID AN CE Upgraded FY26 PBT Outlook For personal use only 19% 19% 18% Our Outlook 15% 16% for FY26 is 13% - 17% strong 12% - 16% 10% - 15% FY21 FY22 FY23 FY24 FY25 FY26 Actual PBT Outcome
Slide 51: FY26 Full-Year Outlook
FY26 Full-Year Outlook For personal use only Mission Critical Resilient Markets Software with Deep We Drive Innovation for our Customers Functionality SaaS+ is creating 40% Cost Savings for Improving margins from Significant significant our Customers Economies of Scale opportunities We will continue
Slide 52: Upgraded FY26 Outlook
FY26 GUID AN CE Upgraded FY26 Outlook For personal use only 18-20% 16-18% PBT Growth ARR Growth (YoY) (YoY) Targeting top end Targeting top end Upgraded from prior range R&D Investment All R&D Investment is factored into our PBT Guidance and our AI investment will see immediate PBT benefits Phasing
Slide 53: TechnologyOne is our Customer's AI Strategy
TechnologyOne is our For personal use only Customer's AI Strategy SaaS isn’t dead — but value is shifting. We own the data, the products, and the platform. 38 Years 99%+ 90%+ $1B+ 18–20% Consistent Delivery Customer Retention Recurring Revenue ARR Target by FY30 FY26 PBT Growth
Slide 54: 500,000 children and their families out of poverty
For personal use only 500,000 children and their families out of poverty
Slide 55: People are our power
For personal use only power People are our
Slide 56: Making life simple for our community
technology’ Making life simple for our community