29 Jun 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 EBITDA1 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 EBITDA1 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 29th June 2018.

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