FY21 Outlook Update

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






25 February 2021

FY21 Outlook Update
In November 2020 Gentrack Group Limited (NZX/ASX: GTK) (“Gentrack”) advised that it expected
that the full year EBITDA run rate for FY21 would be well below that of the H2 FY20 run rate and that
FY21 profitability may be reduced closer to break-even depending on the levels of future product
investment and other factors.
Gentrack now provides the following outlook update:
• FY21 revenues are expected to be close to or slightly ahead of FY20 revenues of $100.5m
• FY21 EBITDA is expected to be around $5m on the basis that research and development
(R&D) costs are expensed
• Incremental R&D costs are expected to be ~$3m/quarter from Q3 FY21
• The company expects to be net cashflow positive in FY21, building on the $16.8m of net cash
reported at 30
th
September 2020.
Profit and cashflow are expected to be weighted to H1 FY21 given the incremental R&D spend
forecast for H2.
(All $ amounts referred to above are NZ$)
ENDS
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Contact:
James Spence, CFO
+64 9 966 6090

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About Gentrack
Gentrack designs, builds and delivers the high-performing, cloud-first revenue and customer
experience solutions found at the heart of leading utilities and airports around the world.  Our
customers lead in some of the most deregulated and innovative markets in the world; pioneering
innovation, driving effective transformation in the management and delivery of two of our
planet’s most precious resources; energy and water.
More information: www.gentrack.com