Gentrack Group (GTK) AGM Presentation summary

Strategic direction and market positioning

• Focused on accelerating the net zero transition by modernizing energy and water retailers globally, leveraging partnerships with Salesforce and AWS for the g2.0 platform.

• Operates in high-growth, essential service markets: energy, water, and airports, with a strong presence in eight countries and over 60 utility customers.

• Veovo division leads airport digitization, operating in 23 countries and over 140 airports, with major wins in the UK and Middle East.

• Industry-wide RFP momentum is accelerating, especially in Europe and Asia, with a growing pipeline and few credible competitors.

• Committed to sustainability, releasing its inaugural Climate Statement and integrating climate-related disclosures.

Financial performance and growth

• FY24 group revenue rose 25.5% to $213.2m, with Utilities revenue up 23% to $181.3m and Veovo revenue up 45.5% to $31.9m.

• Non-recurring revenues surged 104% to $60m, while recurring revenues increased 33% to $121.3m.

• EBITDA reached $23.6m, impacted by higher payroll tax due to share price gains; NPAT was $9.5m, including a $1.3m loss from the Amber investment.

• Cash position improved to $66.7m after a $17.5m increase, despite a $12.9m investment in Amber.

• No dividend declared, with capital prioritized for growth investments.

Technology and innovation

• g2.0 platform enables rapid deployment of new utility propositions, cost reduction, and enhanced customer experience using low/no code and composable tech.

• g2.0 won three Asian Business Review Awards in 2024 for enterprise software and ESG tech.

• Ongoing investment in AI, automation, dynamic pricing, and distributed energy solutions, including battery optimization and EV integration.

• Strategic partnership and minority stake in Amber to accelerate energy transition solutions, with first joint win in Europe.