Company Presentation

© Gentrack 2025. All rights reserved.
This document is the intellectual property of Gentrack.
Gentrack Group
CCG Boston 2025
12 Aug 2025
[NZX/ASX: GTK]

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© Gentrack 2025. All rights reserved.
This document is the intellectual property of Gentrack.
LEGAL NOTICE
This presentation is provided by Gentrack Group Limited (NZCN 3768390) (Gentrack) to provide summary information about Gentrack and its subsidiaries (the Group). Statements in this presentation are
made only as at 12 August 2025 and the information in this presentation remains subject to change without notice. The information in this presentation is of a general nature and does not purport to be
complete, is provided solely for information purposes and should not be relied upon by the recipient.
No offer of securities
This presentation is not, and does not constitute, or form any part of, an offer to sell or issue, or the solicitation, invitation or recommendation to purchase any securities in any jurisdiction, including in the
United States and neither this presentation nor anything contained herein shall form the basis of any contract or commitment. This presentation may not be distributed or released in the United States.
Securities may not be offered or sold in the United States unless such securities are registered under the U.S. Securities Act of 1933, as amended (U .S. Securities Act) or in a transaction exempt from, or not
subject to, the registration requirements of the U.S. Securities Act and any other applicable securities laws. Any public offering of securities in the United States would be made by means of a prospectus that
would be obtained from the issuer or selling security holder and that would contain detailed information regarding the company and management, as well as financial statements. Each institution or person
that reviews this presentation will be deemed to represent that each such institution or person is not in the United States.
The distribution of this presentation may be restricted by law. Persons who come into possession of this presentation should seek advice and observe any such restrictions. Any failure to comply with such
restrictions may constitute a violation of applicable securities laws.
No liability
To the maximum extent permitted by law, none of Gentrack or its respective affiliates or related bodies corporate or any of their respective officers, directors, employees and agents Related Parties), nor any
other person, accepts any responsibility or liability for, and makes no recommendation, representation or warranty concerning, the content of this presentation, Gentrack, the Group or Gentrack securities
including, without limitation, any liability arising from fault or negligence, for any loss arising from the use of or reliance on any of the information contained in this presentation or otherwise arising in
connection with it.
No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. This
presentation does not purport to summarise all information that a recipient should consider when making an investment decision and should not form the basis of any decision by a recipient.
Recipients should carry out their own investigations and analysis of the Group and verify the accuracy, reliability and completeness of the information contained in this presentation or any other form of
communication to which the recipient is permitted access in the course of evaluating an investment in Gentrack.
Not financial product advice
This presentation is for informational purposes only. It is not a financial product and does not constitute legal, financial, tax, accounting, financial product or investment advice or a recommendation to acquire
Gentrack securities and does not take into consideration the investment objectives, financial situation or particular needs of any particular investor. Reliance should not be placed on the information or opinions
contained in this presentation.
Yo u should make your own assessment of an investment in Gentrack and should not rely on this presentation. In all cases, you should conduct your own research of Gentrack and the Group and analysis of the
financial condition, assets and liabilities, financial position and performance, profits and losses, prospects and business affairs of Gentrack, the Group and its business, and the contents of this presentation. Yo u
should seek legal, financial, tax and other advice appropriate to your jurisdiction.

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© Gentrack 2025. All rights reserved.
This document is the intellectual property of Gentrack.
Past performance
Past performance information given in this presentation is given for illustrative purposes only and should not be relied upon as (and is not) a promise, representation, warranty or guarantee as to the past,
present or an indication of future performance.
Non-GAAP financial information
This presentation includes certain financial measures that are “non-GAAP (generally accepted accounting practice) financial information” under Guidance Note 2017: 'Disclosing non-GAAP financial
information' published by the New Zealand Financial Markets Authority, "non-IFRS financial information" under ASIC Regulatory Guide 230: 'Disclosing non-IFRS financial information' and "non-GAAP
financial measures" within the meaning of Regulation G under the U.S. Exchange Act of 1934, as amended. Disclosure of such non-GAAP financial measures in the manner included in this presentation
would not be permissible in a registration statement under the U.S. Exchange Act. Such financial information and financial measures (including EBITDA) and accompanying financial ratios have not been
subject to audit or review, and do not have standardised meanings prescribed under NZ IFRS, Australian Accounting Standards (AAS) or IFRS and therefore, may not be comparable to similarly titled
measures presented by other entities, and should not be construed as an alternative to other financial measures determined in accordance with NZ IFRS, AAS or IFRS. Recipients are cautioned not to place
undue reliance on any such non-GAAP financial measures included in this presentation.
Future performance
This presentation contains certain forward-looking statements with respect to the financial condition, operations and business of the Group and certain plans and objectives of the management of Gentrack.
Forward-looking statements can be identified by the use of forward-looking terminology, including, without limitation, the terms “believesˮ, “estimatesˮ, “anticipatesˮ, “expects, “predictsˮ, “intendsˮ, “plansˮ,
“goalsˮ, “targetsˮ, “aimsˮ, “outlookˮ, “guidanceˮ, “forecastsˮ, “mayˮ, “willˮ, “wouldˮ, “couldˮ or “shouldˮ or, in each case, their negative or other variations or comparable terminology. These forward-looking
statements include all matters that are not historical facts.
Such forward looking statements involve known and unknown risks, uncertainties and other factors which because of their nature may cause the actual results or performance of the Group to be materially
different from the results or performance expressed or implied by such forward looking statements. Such forward looking statements are based on numerous assumptions regarding the Groupʼs present
and future business strategies and the political and economic environment in which the Group will operate in the future, which may not be reasonable, and are not guarantees or predictions of future
performance. No representation is made that any of these statements or forecasts will come to pass or that any forecast result will be achieved, or that there is a reasonable basis for any of these statements
or forecasts.
Forward-looking statements speak only as at the date of this presentation and to the full extent permitted by law, Gentrack, the Lead Manager and their respective affiliates and related bodies corporate and
each of their respective Related Parties and intermediaries disclaim any obligation or undertaking to release any updates or revisions to information to reflect any change in any of the information contained
in this presentation (including, but not limited to, any assumptions or expectations set out in the presentation).
Financial Information
All figures in the presentation are NZ$ unless stated otherwise.
Any pro forma and forecast financial information provided in this presentation is for illustrative purposes only and do not represent a forecast or expectation as to the Groupʼs future financial condition
and/or performance. This document has been prepared at a time where the review of financial information contained in this presentation has not been completed and accordingly, you should only rely on
any forecast or expectation as to the Groupʼs future financial condition and/or performance that is contained in a prospectus or other offering document which may be issued by Gentrack in connection with
any offer of Gentrack securities.

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© Gentrack 2025. All rights reserved.
This document is the intellectual property of Gentrack.
Accelerating the world towards a net zero future by
leading the global modernization of energy & water retailers
Our Vision

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© Gentrack 2025. All rights reserved.
This document is the intellectual property of Gentrack.
60+ CUSTOMERS ENERGY & WATER - B2C & B2B - 6 OFFICES (excl. Veovo)
OUR CUSTOMERS & OFFICES
CLOUD – LOW CODE/NO CODE – MODULAR – AI & DATA CENTRIC
OUR G2 PLATFORM STACK

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© Gentrack 2025. All rights reserved.
This document is the intellectual property of Gentrack.
Key metrics across the last 4 years
4Y CAGR 26%

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© Gentrack 2025. All rights reserved.
This document is the intellectual property of Gentrack.
Utilities Market Opportunity
Q4 2015
Q4 2024
Electricity supply market share
by utilities using SAP & Oracle.
Domestic GB Elec.
In <10 years, utilities modernised,
moving off SAP & Oracle.
G R E AT BRITAIN STACK MODERNISATION
CA S E ST U DY
ON LEGACY
ON LEGACY
WE EXPECT WATER INDUSTRY
(RESIDENTIAL) TO BE NEXT IN GB
WE BELIEVE THE REST OF THE WORLD WILL FOLLOW
WORLDWIDE TAM (INCLUDING COUNTRIES ABOVE) ESTIMATED AT NZD ~17 bn
As part of our global expansion, our focus areas
and targeted utilities (Energy & Water) are:
Europe
28 countries
200m households
324 addressable utilities
Middle-East
7 countries
16m households
24 utilities to qualify
Asia
9 countries
180m households
58 utilities

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© Gentrack 2025. All rights reserved.
This document is the intellectual property of Gentrack.
OUR TECHNOLOGY: G2
An integrated solution for energy & water

AUSTRALIA
NZ
AMERICAS
ME/ APAC
REST OF Europe
UK AND IRELAND
Transforming airports
globally
26
Countries
140+
Airports

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© Gentrack 2025. All rights reserved.
This document is the intellectual property of Gentrack.
Across water, energy and airports our pipeline continues to strengthen and mature. We achieved growth
in our base and secured exciting new projects like Utility Warehouse.
At a time of increasing global uncertainty the energy & water industry is a good place to be. Utilities need
to keep transforming and the addressable market is significant.
Veovo continues to perform exceptionally well, delivering on its backlog and targeting new wins.
We have a strong balance sheet and will assess M&A opportunities as they arise.
For FY25, we expect revenue to be at or above $230m and our EBITDA margin to be above 12%.
With our global leadership ambitions, our proven track record and the market potential, we remain
confident of our mid-term guidance of growing revenue more than 15% CAGR and an EBITDA margin of
15-20% after expensing all development costs.
CEO Closing Remarks

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© Gentrack 2025. All rights reserved.
This document is the intellectual property of Gentrack.
Financial Headlines
REVENUE
5.1%
$12.3M
$13.0M
EBITDA
9.8%
HY24HY25
$102.0M
$112.0M
UTILITIES
REVENUE
7.2%
$86.5M
$92.8M
VEOVO
REVENUE
24.0%
$15.5M
$19.2M
RECURRING REVENUE
16.7%
$65.5M
$76.4M
NET CASH
80.1%
$39.3M
$70.7M
Revenue growth of 9.8% to $112m
Utilities revenue up 7.2%:
•Recurring revenue is 17% higher from prior period
wins & upsells.
•Offset by lower NRR (down 12%), reflecting the high
levels of project work last year. Current pipeline can
support higher levels of NRR in H2.
Veovo: revenue up 24% - includes 14% growth in
recurring revenues and continued strong levels of
project work (up 34%) from prior periods’ wins and
upgrades in APAC, Europe and Middle East.
EBITDA at $13m (up 5.1%) - includes higher levels
of investment in Sales and in Product to support currently
high levels of sales activity.
NPAT at $7.2m (up 34.7%) - includes lower effective
tax rate (from income tax treatment of LTIs) and forex
gains on intercompany loans.
Cash at $70.7m is c.$4m higher than the start of
the year and compares to $39.3m at HY24. We continue
to generate cash and our balance sheet remains strong.
34.7%
$5.3M
$7.2M
NPAT
For the Half Year ending 31
st
March 2025 (“HY25”), as
announced on 19
th
May 2025.