Gentrack Group (GTK) Company Presentation summary

Strategic vision and market positioning

• Aims to accelerate the transition to net zero by modernizing global energy and water retailers, leveraging a modular, AI-driven platform stack and cloud technologies.

• Serves over 60 energy and water customers across B2C and B2B segments, with a presence in six offices and a growing international footprint.

• Covers more than 50% of energy meter points in New Zealand and over 60% of non-household retail in England and Scotland.

• Expanding globally, targeting utilities in Europe, the Middle East, and Asia, with a total addressable market estimated at NZD ~17 billion.

• Also delivers airport transformation solutions to over 140 airports in 26 countries, supporting diversification.

Financial performance and growth

• Achieved 25.5% revenue growth in FY24, with a four-year CAGR of 26% and FY24 revenue of NZD 213.2 million.

• EBITDA increased to NZD 23.6 million in FY24, with a consistent upward trend over four years.

• Headcount grew to 782 by FY24, reflecting ongoing expansion and investment in talent.

• Cash position strengthened to NZD 66.7 million at FY24 year-end, supporting future investments.

• Stock price surpassed $10 in March 2025, up from under $1 in March 2020, indicating strong market confidence.

Recent results and outlook

• HY25 revenue rose 9.8% to $112 million, with utilities revenue up 7.2% and Veovo revenue up 24%.

• Recurring revenue increased 17% year-on-year, while EBITDA reached $13 million (up 5.1%) and NPAT $7.2 million (up 34.7%).

• Net cash at HY25 was $70.7 million, up 80.1% from HY24, reflecting strong cash generation.

• FY25 guidance targets revenue at or above $230 million and EBITDA margin above 12%, with mid-term goals of 15%+ CAGR revenue and 15-20% EBITDA margin.

• Maintains a strong balance sheet and is open to M&A opportunities to support further growth.