Gentrack Suspends Full Year FY20 Guidance

Gentrack Group Ltd | www.gentrack.com | info@gentrack.com | ARBN 169 195 751

17 March 2020
Gentrack Suspends Full Year FY20 Guidance

Gentrack Group Ltd (NZX/ASX: GTK) (“Gentrack”) announces that it is withdrawing its
full year FY20 guidance.
John Clifford, Gentrack’s Executive Chairman noted, “We advised the markets on the
20
th
January 2020 that we expected full year FY20 EBITDA
1
to be between NZ$8m and
$12m. However, we have made the decision to withdraw full year guidance at this time
as a result of the rapidly increasing uncertainty surrounding the duration and scale of
the COVID-19 outbreak. We have made this decision due to the potential impact to on-
going projects and our sales pipeline.”
“Half year guidance remains as previously advised at the annual meeting of
shareholders, being EBITDA
1
of between NZ$2m – $3m.”
“Gentrack has a strong balance sheet, no net debt and contractually recurring revenue
that continues to provide a strong foundation for the business at this time of significant
uncertainty.”
“As part of our business continuity plans (BCP) in light of COVID-19, we have
undertaken detailed planning activities across our global operations. We understand
the importance of a robust BCP that safeguards the wellbeing of our people and
ensures that we can continue to deliver our solutions and services to meet customer
expectations and our commitments to customers.”
Gentrack expects to provide an update on full year guidance with the half year results
in May.
(All $ amounts referred to above are NZ$)
ENDS
*******
Contact:
John Clifford – Executive Chairman
+64 9 966 6090
About Gentrack
Gentrack provides essential software for essential services, pairing powerful platforms
with deep market knowledge to help utilities and airports lower service costs, foster
innovation and confidently navigate market reform. It employs over 500 people in
offices across New Zealand, Australia, the UK, Singapore, USA and Europe and
services over 200 utility and airport sites globally with its leading solutions.

2
Gentrack Cloud is a subscription-based billing, customer information, market
interaction and portfolio analytics solution for energy and water utilities in markets
where flexibility, uniqueness and compliance are essential. Its meter-to-cash
capabilities and managed services offering are designed to enable utilities to
differentiate their businesses in competitive markets, to deliver great customer service
experiences, achieve lower service costs, launch innovative products and stay
compliant with market regulations.
More information: www.gentrack.com
Veovo is Gentrack’s world-class solution for airports, enabling them to unlock
operational, revenue, concession and passenger insights across the airport ecosystem.
Over 100 airports globally are using Veovo to operate more efficiently, uncover new
growth opportunities and deliver outstanding guest experiences.
More information: www.veovo.com

(1)
EBITDA: Earnings before net finance expense, tax, depreciation and amortisation
and other non-operating expenses. Non-operating expenses are costs relating to
acquisition. References to FY20 EBITDA do not reflect changes resulting from the
implementation of IFRS16 that became effective for FY20 reporting.