Gentrack Customer and Trading Update

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

28 June 2018
Gentrack Customer and Trading Update
Gentrack Group Limited (NZX/ASX: GTK) is pleased to announce that it has made
significant progress towards several new customer wins. Although these are not expected
to have a material impact on EBITDA
1
in FY18 which is expected to be in the range
NZ$30m-$32m, they will contribute to FY19 results and position Gentrack well for further
wins in the US airport and Australian utility markets.
Specifically, Gentrack has been:
• awarded a contract for its BlipTrack guest predictability solution at the Port Authority
of New York and New Jersey (PANYNJ), a major existing Airport 20/20 customer in
the United States. PANYNJ operates Newark, La Guardia, JFK and Stewart airports;
• awarded preferred vendor status and is entering into final contract negotiations with
Orlando International Airport;
• appointed as preferred supplier for a significant and growing Australian utility.
Gentrack reaffirms its 15%+ CAGR long term EBITDA
1
organic growth target, noting that
results in any given year may be impacted by the timing of projects and contracts.
Gentrack confirms that the acquisition of Evolve is expected to complete on 29
th
June 2018.
ENDS
Contact details regarding this announcement:
Ian Black, CEO
Aaron Baker, Marketing and Communications Director
+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 and Europe and services over 200 utility
and airport sites in 20 countries with its leading solutions for utilities - Gentrack Velocity
and Junifer, and for airports under the Veovo brand including Airport 20/20, BlipTrack
and Concessionaire Analyzer+.
Velocity and Junifer are two of the leading billing and customer management solutions in
the sector, providing a full range of proven capabilities along with hosted and managed
services options for new entrant energy and water suppliers, and larger utilities in
competitive markets where flexibility, uniqueness and compliance are essential.

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

Veovo combines Gentrack’s Airport 20/20, BlipTrack and Concessionaire Analyzer+
software to unlock operational, revenue, concession and passenger insights across the
airport ecosystem. The Veovo Predictive Collaboration Platform enables airports to
operate more efficiently, uncover new growth opportunities and deliver outstanding
guest experiences.
More information: www.veovo.com

Definitions
1
EBITDA: Earnings before net finance expense, tax, depreciation and amortisation and
other non-operating expenses. Non-operating expenses are costs relating to acquisition.

Forward looking statements
This announcement contains forward-looking statements. All forward looking statements
reflect views only as at the date of this announcement, and should not be taken to be
forecasts or predictions that those events will occur. Gentrack’s actual results may vary
materially from those expressed or implied in its forward-looking statements and deviations
are both normal and to be expected.