Slides
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Interim Results Presentation Tracsis plc Period Ended 31 January 2025
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Client – Northern Indiana Commuter Rail
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• • • • • • • • £’000 H1 25 H1 24 Variance Revenue 36,308 36,582 (1%) Adjusted EBITDA * 3,801 5,674 (33%) Adjusted EBITDA % 10.5% 15.5% (5% pts) Adjusted Profit + 2,660 4,530 (41%) Statutory Measures Operating Loss (1,081) (308) (251%) Loss Before Tax (742) (268) (177%)
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£’000 H1 25 H1 24 Variance Revenue 16,816 16,477 2% Adjusted EBITDA * 3,011 3,435 (12%) Adjusted EBITDA % 18% 21% (3% pts) Rail Technology & Services • • • • • Revenue (£m)
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• • • • Revenue (£m)Data, Analytics, Consultancy & Events £’000 H1 25 H1 24 Variance Revenue 19,492 20,105 (3%) Adjusted EBITDA * 790 2,239 (65%) Adjusted EBITDA % 4% 11% (7% pts)
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£’m H1 25 H1 24 Adjusted EBITDA 3.8 5.7 Decrease / (Increase) in working capital 0.9 (0.3) Exceptional costs (1.0) (1.3) Capex (net) (0.3) (0.9) Development costs (0.4) (0.2) Net cashflow used in financing activities (0.7) (0.5) Interest received 0.3 0.1 Tax paid (0.2) (1.3) FX and other (0.1) 0.1 Net Increase in Cash 2.3 1.4 Cash 22.1 16.8 • • • • • • •
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£’000 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 Revenue 26,365 21,633 22,239 27,998 29,182 39,541 39,213 42,810 36,582 44,440 36,308 Adjusted EBITDA * 5,586 4,877 5,431 7,547 6,167 7,994 7,464 8,488 5,674 7,085 3,801 Operating Profit 2,611 1,812 1,608 3,548 1,635 1,620 2,380 4,875 (308) 1,275 (1,081) Profit Before Tax 2,419 1,692 1,102 3,533 1,280 1,278 2,256 4,880 (268) 1,263 (742) * Earnings before net finance income, tax, depreciation, amortisation, share-based payments, exceptional items, other operating income and share of result of equity accounted investees.
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£’000 Jan-20 Jul-20 Jan-21 Jul-21 Jan-22 Jul-22 Jan-23 Jul-23 Jan-24 Jul-24 Jan-25 Property, Plant & Equipment 3,564 3,581 3,312 3,540 3,767 4,897 4,585 4,789 5,104 4,992 4,104 Intangible Assets / Investments 38,678 55,465 53,236 52,400 53,540 63,548 63,071 57,694 55,242 52,610 50,529 42,242 59,046 56,548 55,940 57,307 68,445 67,656 62,483 60,346 57,602 54,633 Inventories 384 430 386 381 406 1,090 1,234 1,465 1,461 1,512 1,650 Trade & Other Receivables 8,452 6,382 7,335 11,263 11,786 18,454 17,874 20,999 15,214 22,547 14,142 Cash 1 26,045 17,920 20,784 25,387 25,057 17,187 16,991 15,307 16,755 19,773 22,086 34,881 24,732 28,505 37,031 37,249 36,731 36,099 37,771 33,430 43,832 37,878 Total Assets 77,123 83,778 85,053 92,971 94,556 105,176 103,755 100,254 93,776 101,434 92,511 Deferred Tax (net) (4,957) (7,357) (6,793) (7,966) (7,701) (7,942) (9,664) (6,511) (6,243) (5,756) (4,747) Contingent & Deferred Consideration (6,126) (7,334) (7,869) (8,801) (9,979) (9,926) (9,557) (447) (459) (151) (154) Trade & Other Payables (14,949) (15,623) (15,068) (19,066) (16,984) (26,859) (21,196) (25,525) (19,085) (27,358) (19,576) Current Tax (793) (439) (891) (473) (912) - - - (126) - - Total Liabilities (26,825) (30,753) (30,621) (36,306) (35,576) (44,727) (40,417) (32,483) (25,913) (33,265) (24,477) NET ASSETS 50,298 53,025 54,432 56,665 58,980 60,449 63,338 67,771 67,863 68,169 68,034 1 Cash and cash equivalents, and cash in escrow
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Holder % Held Investec Wealth & Investment 8.1% Charles Stanley 7.8% Rathbones 6.4% Schroder Investment Management 6.1% Unicorn Asset Management 5.4% BGF 4.0% Martin Currie Investment Management 3.4% Canaccord Genuity Wealth Management 3.1% Jupiter Asset Management 2.6% Amati Global Investors 2.5% Downing 2.4% As of 31 March 2025, there were 30,396,027 shares in issue As of 31 March 2025, 0.21% of the shares are not in public hands