ASM Chair’s Address and Presentation

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
25 February 2026

Annual Meeting of Shareholders - Chair’s address

Gentrack operates in the energy, water, and airports sectors – all of which are growth
segments providing essential services.

Our mission in our utilities business is to help the world accelerate towards a net zero
future by leading the global modernisation of energy and water retailers. Gentrack has
over 760 utility professionals who are passionate about this purpose. We are a market
leader in our core markets of Australia, New Zealand, and the United Kingdom, and
we are continuing to target expansion into our growth markets of Asia and EMEA.

In October 2025 we passed a key milestone for our Utilities business with Genesis
Energy of New Zealand going live on the first full scope deployment of g2, our new
cloud-based platform with Salesforce’s CRM embedded. Soon ACEN of the
Philippines will go live with g2 marking our first Asian g2 customer and first B2B
deployment of the g2 stack. Furthermore, as announced in November, we have signed
our first g2 water customer in the UK with our recent win at Pennon Water Services.

Supporting B2B and mass market across both energy and water is a strong
differentiator for Gentrack.

In our Financial Year ending 30
th
September 2025, Group revenues increased by 8%
to $230.2m, with recurring revenue growing faster at 13% to $155.4 million, reflecting
the quality and durability of our earnings across both divisions.

In Utilities, total revenue grew 7% to $193.4m. Recurring revenues grew strongly by
12%, as wins and upgrades from prior periods flowed through into the year. Non-
recurring revenues were 5% lower than in FY24, a reflection of the high level of project
work in the prior year and the variable nature of such revenues.

Our airports division, Veovo, which operates in over 25 countries and over 150
airports, delivered another strong performance, with revenue growth of 15% to
$36.8m. Growth was driven by new customer wins in the prior year in the UK and
Middle East and by upgrades in APAC.

Group EBITDA increased by 18% to $27.8m. We continued to invest in our product
portfolio, including the successful first deployment of g2, all of which has been
expensed in the year. We have also increased investment in sales to support the high
levels of activity we are seeing in our current pipeline.

Net profit after tax increased to $20.9m, an increase of 119% over the prior year. We
also continued to generate cash, closing the year with $84.8 million on the balance
sheet, an increase of $18.1m over FY24, leaving the Group well positioned to support
future growth.

Both our Utilities and Veovo businesses operate in high growth, consolidating markets.
The Board believes the best use of capital remains continued investment in growth,

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and accordingly no dividend has been declared. We will keep the use of capital under
regular review.

In the Utilities business, in addition to our focus on global expansion, we continue to
see new opportunities for more customer wins across our core markets. Utility
Warehouse is one of the UK’s fastest growing retailers and in March 2025 selected
Gentrack to manage the billing of their nearly two million electricity and gas meter
points.

Across FY25, we signed several, long term billing renewals including with Engie, Shell
Energy, Wave, Castle Water, So Energy and Marble Power in the UK, Vector in New
Zealand and Singapore’s Pacific Light.

Veovo’s growth story has continued in FY25, driven by airports investing in digital
transformation. Of note, is the signing of our contract with NAV CANADA, the Air
Navigation Service Provider for Canadian Air Traffic Control. This is a long-term
contract that reinforces Veovo’s market leading position in aeronautical billing,
combined with entry into a new market segment with global potential.

FY25 has seen Veovo deliver more projects than ever before, including multiple
airports going live with our Passenger Predictability platform in Saudi Arabia and at
the Manchester Airport Group. At London Gatwick, our win for Integrated Airport
Control is driving forward our AI and Machine Learning prediction platform, as we
deliver the first phase of their Total Airport Management concept. Veovo enters FY26
with a very strong backlog of projects and strong pipeline.

Both the utilities and airports industries are transforming at pace. They are dynamic
markets in a state of change, and we are confident in our ability to lead these markets
globally over time.


We would like to thank our customers and shareholders for their continued support,
and the entire Gentrack team for their achievements and commitment to Gentrack’s
future.

Thank you very much,

Andy Green

Chair

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© Gentrack 2026. All rights reserved.
This document is the intellectual property of Gentrack.
Gentrack Group
Annual Shareholder
Meeting
25 February 2026

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© Gentrack 2026. All rights reserved.
This document is the intellectual property of Gentrack.
This presentation may contain forward-looking statements.
Forward-looking statements often include words such as
‘anticipate’, ‘expect’, ‘plan’ or similar words in connection with
discussions of future operating or financial performance.
The forward-looking statements are based on management’s
and directors’ current expectations and assumptions regarding
Gentrack’s business and performance, the economy and other
future conditions, circumstances and results. As with any
projection or forecast, forward-looking statements are
inherently susceptible to uncertainty and changes in
circumstances. Gentrack’s actual results may vary materially
from those expressed or implied in its forward-looking
statements.
All figures are shown in NZ$M.
Disclaimer

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© Gentrack 2026. All rights reserved.
This document is the intellectual property of Gentrack.
To vote, you will need to click “Get Voting Card” within the online meeting platform. You will be
asked to enter your Shareholder or Proxy Number to validate. Please then mark your voting
card in the way you wish to vote by clicking “FOR”, “AGAINST” or "ABSTAIN" on the voting card.
Once you have made your selection please click “Submit Vote” on the bottom of the card to
lodge your vote.
I would encourage you to send through your questions as soon as you can through the virtual
meeting website. This will allow us to answer these questions at the appropriate time of the
meeting. To ask a question, you will need to click “ask a question” within the online meeting
platform, select the item of business, type in your questions and click submit.
Voting Details
Please refer to the virtual meeting online portal guide or use the help line on 0800 200 220 if you’re in New Zealand
or +64 9 967 7751 if you’re outside New Zealand if you require assistance.

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© Gentrack 2026. All rights reserved.
This document is the intellectual property of Gentrack.
The Gentrack Board
Darc Rasmussen
Non-Executive
Director
Gary Miles
CEO
Andy Green
Chair
Gillian Watson
Non-Executive
Director
Fiona Oliver
Non-Executive
Director
Stewart Sherriff
Non-Executive
Director
John Scott
Non-Executive
Director

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© Gentrack 2026. All rights reserved.
This document is the intellectual property of Gentrack.
Proxies have been appointed for the purposes of this meeting in respect of approximately
71,189,734 million shares, representing over 63.31% of the total number of shares.
Proxy Voting

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© Gentrack 2026. All rights reserved.
This document is the intellectual property of Gentrack.
Agenda
1
Chair’s Introduction
2
CEO’s Business Review
3
Shareholders Questions
4
Ordinary Resolutions

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© Gentrack 2026. All rights reserved.
This document is the intellectual property of Gentrack.
Chair’s Address
Andy Green
Chairman

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© Gentrack 2026. All rights reserved.
This document is the intellectual property of Gentrack.
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© Gentrack 2026. All rights reserved.
This document is the intellectual property of Gentrack.
Gary Miles
Chief Executive Officer
CEO Business
Review

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© Gentrack 2026. All rights reserved.
This document is the intellectual property of Gentrack.
g2 momentum
•Proof and referencibility
•Growing pipeline of g2
interest
Strong installed base
•60+ retailers globally
•Recent long-term renewals
New Logo momentum
Proven transformation strength
•Recent transformation
examples
•Leading product breadth:
•B2C/B2C Energy
•B2C/B2C Water
Strong installed base
•150+ airports in 25+ countries
•Recent long-term renewals
Transformation & Product
strength

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© Gentrack 2026. All rights reserved.
This document is the intellectual property of Gentrack.
AI is benefiting Gentrack
The
Fundamentals
Accelerator for
Gentrack
Unlocking Customer
Value
AI is increasing our development
pace on average of 15% to 500%
AI is bringing us closer to our
customers with on site services
and cycle time reductions (FDE,
on-site prototyping, etc)
Brings credible build options (vs
buying) for new functionality
We foresee efficiencies (some
achieved already)
Autonomous front office is the
future of a utility retailer – bringing
huge cost savings
ML pricing and forecasting will
differentiate the retail winners
Our AI transformation program will
help our customers adopt AI
internally
Future
State
Gentrack is the System of Record
Our portfolio is highly complex
requiring deep domain expertise
Security is critical
Transformations are people
centric
Customer
Engagement
Business Optimisation
Billing and Revenue
Management
Foundations
Customer Engagement
Sustainability
Innovation
Business Optimisation
Billing and Revenue
Management
Foundations
There are now two very compelling reasons for a utility to transform – to thrive in the energy
transition and to adapt to the AI era
Business Optimisation
Billing and Revenue Management
Foundations
Autonomous
Agents
System of Record

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© Gentrack 2026. All rights reserved.
This document is the intellectual property of Gentrack.
Market dynamics
Thematics that drive
growth
Two transforming industries in
utilities and airports (energy
largest in the world)
Utilities global TAM of NZ$17b
Gentrack sits on a controlling
hill – we lead the industry as a
modern incumbent with
proven global transformation
capabilities in both businesses
Gentrack’s strong
positioning
Leading Utility provider with
60+ utilities across 8 countries
Leading airports provider with
150 airports across the globe
Extensive IP and proven global
delivery (4000+ years of
experience)
Cash generative with no debt
Amber holdings
Translates into a huge
opportunity in Gentrack
There is no change to the
guidance previously
provided and we remain
confident in our ability to
deliver mid-term growth:
•>15% CAGR
•15-20% EBITDA

© Gentrack 2026. All rights reserved.
This document is the intellectual property of Gentrack.
Shareholder
Questions

13
© Gentrack 2026. All rights reserved.
This document is the intellectual property of Gentrack.
Formal Business
of Meeting

14
© Gentrack 2026. All rights reserved.
This document is the intellectual property of Gentrack.
To vote, you will need to click “Get Voting Card” within the online meeting platform. You will be
asked to enter your Shareholder or Proxy Number to validate. Please then mark your voting
card in the way you wish to vote by clicking “FOR”, “AGAINST” or "ABSTAIN" on the voting card.
Once you have made your selection please click “Submit Vote” on the bottom of the card to
lodge your vote.
Voting will remain open until 5 minutes after the conclusion of the meeting.
Results of the vote will be announced via the Stock Exchanges.
Voting on the resolutions
Please refer to the virtual meeting online portal guide or use the help line on 0800 200 220 if you’re in New Zealand
or +64 9 967 7751 if you’re outside New Zealand if you require assistance.

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© Gentrack 2026. All rights reserved.
This document is the intellectual property of Gentrack.
Resolution One
Please refer to the virtual meeting online portal guide or use the help line on 0800 200 220 if you’re in New Zealand
or +64 9 967 7751 if you’re outside New Zealand if you require assistance.
Re-election of Darc Rasmussen as Director
Results of Proxy Votes
For65,528,900
Against5,417,824
Discretionary194,369

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© Gentrack 2026. All rights reserved.
This document is the intellectual property of Gentrack.
Resolution Two
Please refer to the virtual meeting online portal guide or use the help line on 0800 200 220 if you’re in New Zealand
or +64 9 967 7751 if you’re outside New Zealand if you require assistance.
Election of John Scott as Director
Results of Proxy Votes
For68,410,116
Against2,547,671
Discretionary193,846

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© Gentrack 2026. All rights reserved.
This document is the intellectual property of Gentrack.
Resolution Three
Please refer to the virtual meeting online portal guide or use the help line on 0800 200 220 if you’re in New Zealand
or +64 9 967 7751 if you’re outside New Zealand if you require assistance.
Issue of accelerator performance rights under Senior Management LTI Scheme
Results of Proxy Votes
For44,348,284
Against26,431,039
Discretionary201,087

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© Gentrack 2026. All rights reserved.
This document is the intellectual property of Gentrack.
Resolution Four
Please refer to the virtual meeting online portal guide or use the help line on 0800 200 220 if you’re in New Zealand
or +64 9 967 7751 if you’re outside New Zealand if you require assistance.
Authorisation to fix auditor’s remuneration
Results of Proxy Votes
For70,985,723
Against12,165
Discretionary191,846

© Gentrack 2026. All rights reserved.
This document is the intellectual property of Gentrack.
Close of
Meeting