Updated Outlook

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

25 September 2020

Updated Outlook
Gentrack Group Limited (NZX/ASX: GTK), a leading provider of software solutions for utilities
and airports, today informs the market that consistent with expectations provided at the Half
Year update in May 2020, trading in H2 FY20 has been ahead of H1 FY20.
As a result, EBITDA
1
for FY20 is expected to be ahead of the top end of analysts’ forecasts of
around $11m for FY20 (post IFRS 16). Cash generation in H2, also in line with comments made
at the Half Year update in May 2020, is expected to be positive. Profitability in H2 has been
driven by reduced costs partly as a result of the reduction in workforce programme in
February/March 2020, and other cost reductions from further employee attrition and COVID-
19 related cost savings.
The business plan will be reviewed further with Gary Miles, CEO, joining Gentrack on 1
st

October 2020. As a result, and with the current uncertainty in the economic environment,
Gentrack does not intend to provide guidance at this stage for FY21. However, the company
continues to see market opportunities and will invest in product against a backdrop of
increased competition as well as the need for on-going investment in people. With this upward
pressure on costs and competitive intensity it is expected that the FY21 EBITDA
1
run-rate will
be well below the H2 FY20 run rate, potentially reducing FY21 profitability (EBITDA
1
) closer to
break-even depending on levels of future product investment and other factors.
Full year FY20 results will be announced on 26
th
November 2020.

1
EBITDA: Earnings before depreciation, amortisation, impairments and non-operating expenses related to
acquisitions


ENDS
*******
Contact:
James Spence – Interim CEO
Fiona Oliver – Acting Chair
+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 450 people in offices across New Zealand,

2
Australia, the UK, Singapore, USA and Europe and services over 200 utility and airport sites
globally with its leading solutions.
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