Slide 1: Tyler Connect 2025 Investor Session
Tyler Technologies C O N N E C T 2 0 2 5 | I N V E STO R S E S S I O N M AY 1 2 , 2 0 2 5
Slide 2: Welcome & Safe Harbor
Welcome & Safe Harbor H A L A E L S H E R B I N I , S E N I O R D I R E C TO R , I N V E S TO R R E L AT I O N S
Slide 3: Forward-Looking Statements
Forward-Looking Statements This document contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are not historical in nature and typically address future or anticipated events, trends, expectat
Slide 4: Statement Regarding Use of Non-GAAP Measures
Statement Regarding Use of Non-GAAP Measures Tyler Technologies has provided in this presentation financial measures that have not been prepared in accordance with generally accepted accounting principles (GAAP) and are therefore considered non-GAAP financial measures. This information includes non-
Slide 5: Tyler Connect 2025 Investor Program
Tyler Connect 2025 Investor Program A G E N D A 11:15 – 12:15 Lunch 12:15 Welcome & Safe Harbor Hala Elsherbini, Senior Director, Investor Relations 12:15 – 12:30 Executing Our Strategic Direction Lynn Moore, President and CEO 12:30 – 12:45 Driving Profitable Growth Brian Miller, EVP and CFO 12:45 –
Slide 6: Executing Our Strategic Direction
Executing Our Strategic Direction Lynn Moore PRESIDENT & CEO
Slide 7: Tyler 2030 Vision and Four Growth Pillars
Tyler 2030 Vision and Four Growth Pillars GOAL Recurring revenue growth + Improved Margins & Expanded Free Cash Flow Leveraging Expanding State Transactions 1 Installed Base 2 & Federal TAM 3 Cloud Transition 4 Growth • Flips / Upsell • Leverage M&A to • Cloud-first drives long- • Truly differentiat
Slide 8: What You'll Hear Today
What You’ll Hear Today Financial Progress Tyler’s Cloud Reducing AI & Innovative and Current Capital Journey Complexity in the Technology Priorities Client Experience 8
Slide 9: Highlights Since 2023 Investor Day
Highlights Since 2023 Investor Day FULL YEAR 2025 On-track to achieve major targets set at the June 2023 Investor Day Continuing to invest in client success, innovation, and cloud 1Q 2025 Acquired MyGov Delivered strong YoY growth and margin expansion FULL YEAR 2024 Accelerated our growth Delivered
Slide 10: Our cloud transition is not just about where client systems are hosted
Our cloud transition is not just about where client systems are hosted Cloud Phase 1 is focused on closing our private data centers, optimizing our products, moving clients to AWS, and consolidating version sprawl. Cloud Phase 2 is focused on realizing the full potential of the cloud over the next 5
Slide 11: Consistent, predictable, and high-quality client experience
High-quality Our goal is to provide a service delivery consistent, predictable, and high-quality client experience across our entire portfolio Client use case CLIENT Product usability EXPERIENCE 11
Slide 12: AI's Triple Impact
AI’s Triple Impact M O R E T H A N J U S T C H A T B O T S Decision Making Service Delivery Productivity With real-time, accessible data Tyler ensures that residents can Tyler automates routine tasks, analysis and insights, Tyler guides easily navigate and utilize from data entry to information deci
Slide 13: Driving Profitable Growth
Driving Profitable Growth Brian Miller EXECUTIVE VICE PRESIDENT & CFO
Slide 14: Meaningful Progress Since Our Last Investor Day
Meaningful Progress Since Our Last Investor Day RECURRING REVENUE FREE CASH FLOW1 MARGIN PROFILE Trailing twelve months Trailing twelve months Trailing twelve months BARS SHOWN IN $ MILLIONS BARS SHOWN IN $ MILLIONS TABLE VALUES SHOWN AS % OF REVENUE 1.75-yr CAGR Q2 ‘23 Q1 ‘25 ~11% ~2X LTM LTM $1,86
Slide 15: Current Mix Delivers Reliable Growth from Multiple Sources
Current Mix Delivers Reliable Growth from Multiple Sources J U N E ’ 2 3 I N V E S T O R D AY V S . T O D AY Since Q2 2023, we’ve flipped 692 T O TA L R E V E N U E M I X on-premise customers to the cloud, Shown as % of Total Revenue for Trailing Twelve Months generating $82M of SaaS ARR1 Non-recurr
Slide 16: Transaction-based Revenue is More Than Just Payments
Transaction-based Revenue is More Than Just Payments U N L O C K I N G S I G N I F I C A N T TA M F R O M M U LT I P L E V E C T O R S TTM Transaction Revenues $729 Growth in $615 disbursements 10% CAGR e.g. IN child support subsidies New logos Increased e.g. CA State Parks Q2 '23… Q1 '25… FL Depart
Slide 17: Operating Margins are Improving from Mix Shift, Scale, and Cost Management
Operating Margins are Improving from Mix Shift, Scale, and Disciplined Cost Management N O N - G A A P O P E R AT I N G M A R G I N MARGIN DRIVERS TRAILING TWELVE MONTHS ACTUALS | FORECAST 2023 2024 2025 Margin Operational Further 2023 2024 2025 Trough Improvements Enhancements + ~100 bps SaaS reven
Slide 18: Working Capital and Margins Drive Growing Cash Flow
Working Capital and Margins Drive Growing Cash Flow ~ $ 9 0 0 M 1 C U M U L AT I V E F R E E C A S H F L O W S I N C E I N V E S T O R D AY FREE CASH FLOW MARGIN DRIVERS TRAILING TWELVE MONTHS Current • Favorable characteristics of transaction-based revenue Guidance Range Working • Growth in deferre
Slide 19: Focused and Disciplined Capital Allocation
Focused and Disciplined Capital Allocation Debt Repayment $600M convertible due March 2026 Four growth pillars Organic Growth Innovative technology / R&D Capital Allocation Tuck-ins that fill gaps in existing offerings and M&A leverage assets already in place Larger M&A Opportunistic open market Sto
Slide 20: Confidence in Our Future: Meeting or Exceeding Our Targets
Confidence in Our Future: Meeting or Exceeding Our Targets Financial Goals: 2025 Targets, Current Outlook, 2030 Targets 2025 Target CY25E 2030 Target Metric as of 2023 Investor Day Guidance2 as of 2023 Investor Day Total Revenues $2.3-2.4B $2.31-2.35B $3.6-3.8B % Recurring 86-87% 86-87% ~90% Operati
Slide 21: Q&A
Q&A
Slide 22: Executive Panel
Executive Panel P A N E L I S T S M O D E R ATO R Jeff Andrew Russell Franklin Kirsten Puckett Kahl Gainford Williams Gappelberg Chief Operating Chief Client Chief Technology Deputy Chief Vice President, Officer Officer Officer Technology Officer Corporate Communications
Slide 23: Q&A
Q&A
Slide 24: Executive Q & A
Executive Q & A Jeff Puckett Andrew Kahl Russell Gainford Franklin Williams Lynn Moore Brian Miller Chief Operating Chief Client Chief Technology Deputy Chief President & CEO Executive Vice President Officer Officer Officer Technology Officer & CFO
Slide 25: Closing Remarks
Closing Remarks Lynn Moore PRESIDENT & CEO
Slide 26: Appendix
Appendix ost ct tyle
Slide 27: Non-GAAP Measures
Non-GAAP Measures T HE TA BLE RECONCILES THE NON-GAAP MEASURES USED IN THIS PR E S E N TAT I ON GAAP 27
Slide 28: Non-GAAP Measures
Non-GAAP Measures T HE TA BLE RECONCILES THE NON-GAAP MEASURES USED IN THIS PR E S E N TAT I ON GAAP 28
Slide 29: tylertech.com
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