Gentrack provides updated guidance for FY23

Gentrack Group Ltd
17 Hargreaves Street, St Marys Bay Auckland 1011,
PO Box 3288, Auckland 1140, New Zealand
Ph: +64 9 966 6090
Email: info@gentrack.com
www.gentrack.com

Gentrack Group Ltd | ARBN 169 195 751

23 February 2023

Gentrack provides updated guidance for FY23

Gentrack Group Limited (NZX/ASX: GTK) (“Gentrack”) advises that in FY23 we now
expect to earn c.$25m from managing the exit of a major UK customer, which is
c.$12m more than we had previously guided. This additional revenue and the
associated EBITDA benefit is expected to be a one-off increase and will be recognised
substantially in the first half of the year. In line with our previous guidance, we do not
expect significant revenue from this customer beyond the current financial year and
so our guidance for FY24 of revenue of c.$150m and an EBITDA margin of 12-17%
remains unchanged.

ENDS
Contact details regarding this announcement:
Kerry Nickels – Company Secretary
+64 9 966 6090

About Gentrack
For over 30 years Gentrack has been partnering with the world’s leading utilities. More
than 50 energy and water companies rely on Gentrack. Our g2.0 solution combines
this wealth of experience with Salesforce’s unbeatable CRM, Gentrack’s leading
meter-to-cash platform, and a composable architecture on AWS. g2.0 ensures high
performance, security, scalability, and rapid prototyping for innovation at pace.
When it comes to transformations, you can count on us. https://www.gentrack.com