Eroad Limited · NZX:ERD
Eroad — Shareholder Meeting (June 2026)
36 slides from Eroad's shareholder meeting presentation, Jun 24, 2026
Slide 1: EROAD Annual Shareholders Meeting
EROAD (NZX: ERD ASX: ERD) Annual Shareholders Meeting 24 June 2026
Slide 2: Important Information
Important Information HOW TO PARTICIPATE ONLINE The information in this presentation is of a general nature and does not Non-GAAP Measures constitute financial product advice, investment advice or any EROAD has presented certain non-GAAP financial measures as part of its recommendation. Nothing in t
Slide 3: How to participate online
How to participate online HOW TO PARTICIPATE ONLINE Shareholder & Proxyholder Q&A Participation Online Questions: If you have a question to submit during the live meeting, please select the Q&A tab on the right half of your screen at anytime. Type your question into the field and press submit. Your
Slide 4: Our Board
Our Board DAVID GREEN1,2,3,4 SUSAN PATERSON1,2,4 JOHN SCOTT 2 Lead Independent Director Independent Director Executive Chair Appointed August 2023 Appointed March 2019 Appointed March 2025 RYAN BROSNAHAN2 SARA GIFFORD1,2,3,4 BARRY EINSIG 2,,3 1Member of Finance, Risk and Audit Committee. Non-Executi
Slide 5: Agenda
Agenda 01 Executive Chair’s Address 02 FY26 Results 03 Transformation Strategy 04 eRUC 05 Resolutions EROAD FY26 Annual Shareholders Meeting
Slide 6: Executive Chair's Address
01 Executive Chair’s Address John Scott EROAD FY26 Annual Shareholders Meeting
Slide 7: Five eras closing in a powerful reset
Five eras closing in a powerful reset ERA 1 ERA 2 ERA 3 ERA 4 ERA 5 Grow the Peak of Recommit Reset the RESET footprint the cycle to the bet balance sheet Peak-of-the-cycle 1 Coretex acquisition NZ Govt eRUC 1 Coretex acquisition announcement, $135m impairment + reset with NZ Govt eRUC announcement,
Slide 8: Acting decisively for the future
Acting decisively for the future Transformation underway as the new financial year starts Stable Reshaping Refocus Focus on Significant revenue the on ANZ restoring eRUC result business performance opportunity Supported by strong FY26 result reflects Strategic focus into Near term priorities: EROAD
Slide 9: Customer Service Model
Customer Service Model Proposed customer segmentation approach to serve our customers better SEGMENT ARR TIER PORTFOLIO SERVICE MODEL Enterprise Account Manager Commercial strategy & growth plan Large Enterprise +$1M ARR 22% of ARR Named EAM + CSM + Dedicated Resource 14 customers TAM Commercial Gro
Slide 10: Structural changes – rebuilding the team
Structural changes – rebuilding the team ~$3.8m of savings unlocked through initial re-organization, $1.1m (net) Executive Leadership Team 10% remaining 8/9 roles restructured CEO is the final piece of the puzzle 25% remaining Senior Leadership Team 20 roles restructured 80% remaining Rest of Organi
Slide 11: Flipping the structure to drive growth and cash flow
Flipping the structure to drive growth and cash flow Investing in revenue generating functions supported by a smaller administrative base (Illustrative of “reversing the triangle”) GTM To be invested in through regional structure & obtainable quotas GTM GTM and PDE previously under-resourced PDE Can
Slide 12: Shareholder value creation
Current focus on our core ANZ business Creating shareholder value by executing on core business opportunities NEW ZEALAND AUSTRALIA eRUC NORTH AMERICA ▪ Stable strong cash generation unit ▪ Fragmented high TAM with ▪ Early in development ▪ Right size for the current ▪ Scale and market leading telema
Slide 13: Strategy for the future
Strategy for the future VISION & ASPIRATION Vision Keeping people safe, journeys effortless and businesses moving – empowering fleets to operate more efficiently and leading the digital transformation of road user charging, making compliance simple for every driver. Measures Revenue · NPS · eNPS · E
Slide 14: The five strategic priorities
The five strategic priorities Transformation initiatives underway across operations, product, customer experience, AI capability and eRUC expansion July 25 Sep 25 Jan 26 Feb/March 26 Ongoing OPERATIONAL PRODUCT CUSTOMER AI UNIVERSAL EXCELLENCE INTIMACY NATIVE eRUC EXCELLENCE AI workflow People chang
Slide 15: FY26 Results
02 FY26 Results Ciara McGuigan EROAD FY26 Annual Shareholders Meeting
Slide 16: FY26 Financial Results
FY26 Financial Results Stable Group performance Normalised FCF margin (1) Reported Revenue OUR PURPOSE 7.4% $195.2m 12.1% FY25 +0.4% growth vs. FY25 of $194.4m Delivering FY26 Normalised free cash flow of $14.4m intelligence you can trust for a ARR (2) Normalised EBIT (3) better world tomorrow $174.
Slide 17: Executive Leadership
03 Executive Leadership EROAD FY26 Annual Shareholders Meeting
Slide 18: Executive Team Changes
Executive Team Changes • Increased investment and focus on key roles and organisational design: • Appointment of Executive Chair MATT GIBSON JIM BRAILEY KONRAD STEMPNIAK Executive General Manager-AU Executive General Manager -NZ Executive General Manager - NA • Appointment of Chief Financial Officer
Slide 19: Operating model now focused on regional ownership
Operating model now focused on regional ownership BEFORE: Global Functions AFTER: Regional Ownership (FY27 onwards) (detail on following pages) CEO CEO NZ (+11) AU (+13) NA (+2) CPO COO CMO ... M S CS O M S CS O M S CS O (One global head per function, regions report up) (flat) PDE (decreasing) Share
Slide 20: New Zealand
New Zealand RE VE N U E F Y2 6 $102.0m Delivering stable, recurring revenue and the group's strongest free cash flow. R E VE N U E C OM P OS IT I O N · F Y2 6 RE VE N U E T R EN D · $ M FRE E CA SH FL O W · F Y2 6 Revenue $102.0m 100.9 102.0 91.8 Free cash flow $10.4m Add: 4G hardware program $14.3m
Slide 21: Australia
Australia RE VE N U E F Y2 6 $18.8m Scaling rapidly from enterprise wins - the group's fastest-growing region. R E V E N U E C OM P OS IT I O N · F Y2 6 RE VE N U E T R EN D · $ M FRE E CA SH FL O W · F Y2 6 Revenue $18.8m 18.8 Free cash flow ($5.2m) 13.4 Add: 4G hardware program nil 10% 10.6 Normal
Slide 22: North America
North America RE VE N U E F Y2 6 Repositioning the region through a reset operating model, $74.4m tighter investment discipline, and a clear focus on free cash flow neutrality. . R E VE N U E C OM P OS IT I O N · F Y2 6 RE VE N U E T R EN D · $ M FRE E CA SH FL O W · F Y2 6 Revenue $74.4m 79.6 80.1
Slide 23: PDE — Technology
PDE — Technology Modernising the platform. Lowering cost-to-serve and unlocking EROAD's data as a future revenue stream. $34.6m 79% R& D SPE ND R& D AS OPE X 18% of revenue from 59% Strategy & Ambition Headwinds & Focus Reach competitive parity on core product quality Legacy complexity and technical
Slide 24: eRUC
04 eRUC Sabine Roberts EROAD FY26 Annual Shareholders Meeting 24
Slide 25: Universal RUC
Universal RUC Scaling RUC revenues - taking EROAD beyond a fleet niche to a national platform ~4.9m V EH IC L ES A D DR E S S A B LE >80% CLEAR 97% ROOM TO ~$100m+ OVER LEADER GROW TIME ~4X M A RK ET E XPA NS ION RU C TRANSACTIO N U NTAPPE D CU ST OME R ANNUAL REV ENU E S HARE TO DAY BAS E U PSIDE H
Slide 26: Q&A
Q&A EROAD FY26 Annual Shareholders Meeting
Slide 27: Resolutions
05 Resolutions EROAD FY26 Annual Shareholders Meeting 27
Slide 28: Re-election of Director: Ryan Brosnahan
RESOLUTION 1 Re-election of Director: Ryan Brosnahan That Ryan Brosnahan, having been appointed by the Board and in accordance with NZX Listing Rule 2.7.1, only holding office until the Annual Shareholders’ Meeting, be elected as a Non- Executive Director of EROAD. EROAD FY26 Annual Shareholders Mee
Slide 29: Election of Director: Ian Whiting
RESOLUTION 2 Election of Director: Ian Whiting That Ian Whiting be elected as a Director of EROAD. EROAD FY26 Annual Shareholders Meeting
Slide 30: Election of Director: Scott Smith
RESOLUTION 3 Election of Director: Scott Smith That Scott Smith be elected as a Director of EROAD. EROAD FY26 Annual Shareholders Meeting
Slide 31: Election of Director: Steve Hammond
RESOLUTION 4 Election of Director: Steve Hammond That Steve Hammond be elected as a Director of EROAD. EROAD FY26 Annual Shareholders Meeting
Slide 32: Removal of Director: John Scott
RESOLUTION 5 Removal of Director: John Scott That John Scott be removed as a Director of EROAD. EROAD FY26 Annual Shareholders Meeting
Slide 33: Removal of Director: Sara Gifford
RESOLUTION 6 Removal of Director: Sara Gifford That Sara Gifford be removed as a Director of EROAD. EROAD FY26 Annual Shareholders Meeting 33
Slide 34: Auditor Remuneration
RESOLUTION 7 Auditor Remuneration That the Directors be authorised to fix the fees and expenses of KPMG as the auditor of EROAD EROAD FY26 Annual Shareholders Meeting
Slide 35: Glossary
Glossary ANNUALISED RECURRING REVENUE (ARR) COSTS TO SERVICE & SUPPORT (CTS) FREE CASH FLOW TO THE FIRM SAAS A non-GAAP measure representing monthly A non-GAAP measure of costs to support and A non-GAAP measure representing operating Software as a Service, a method of software subscription revenue i
Slide 36: ASX & NZX: ERD [email protected]
EROAD acknowledges the Tangata Whenua of New Zealand, the IndigenousNations and First Peoples of Australia, and the Custodians of the lands andwaterways in the United States of America where our offices are located. Weexpress our gratitude and appreciation to these peoples for sharing their culturea