# EDGAR Filing Document

**Accession Number:** 0000078749
**File Stem:** 0000950170-25-080572
**Filing Date:** 2025-6
**Character Count:** 34293
**Document Hash:** 13cdabc60e05e1c82dcd8f7f86b2af3c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950170-25-080572.hdr.sgml**: 20250603

**ACCESSION NUMBER**: 0000950170-25-080572

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 42

**CONFORMED PERIOD OF REPORT**: 20250603

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250603

**DATE AS OF CHANGE**: 20250603

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AGILYSYS INC
- **CENTRAL INDEX KEY:** 0000078749
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 340907152
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-05734
- **FILM NUMBER:** 251017232

**BUSINESS ADDRESS:**
- **STREET 1:** 3655 BROOKSIDE PARKWAY
- **STREET 2:** SUITE 300
- **CITY:** ALPHARETTA
- **STATE:** GA
- **ZIP:** 30022
- **BUSINESS PHONE:** 7708107800

**MAIL ADDRESS:**
- **STREET 1:** 3655 BROOKSIDE PARKWAY
- **STREET 2:** SUITE 300
- **CITY:** ALPHARETTA
- **STATE:** GA
- **ZIP:** 30022

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PIONEER STANDARD ELECTRONICS INC
- **DATE OF NAME CHANGE:** 19920703

?xml version='1.0' encoding='ASCII'? 8-K

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549**

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## **FORM** 8-K

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**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported):** June 03, 2025<br>

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AGILYSYS, INC.

**(Exact name of Registrant as Specified in Its Charter)**

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---

| | | |
|:---|:---|:---|
| Delaware | 000-5734 | 34-0907152 |
| **(State or Other Jurisdiction<br>of Incorporation)** | **(Commission File Number)** | **(IRS Employer<br>Identification No.)** |
| 3655 Brookside Parkway<br>Suite 300 |  |  |
| Alpharetta**,** Georgia |  | 30022 |
| **(Address of Principal Executive Offices)** |  | **(Zip Code)** |

---

**Registrant's Telephone Number, Including Area Code:** 770 810-7800<br>

**(Former Name or Former Address, if Changed Since Last Report)**

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

**Securities registered pursuant to Section 12(b) of the Act:**

---

| | | |
|:---|:---|:---|
| **<br>Title of each class** | **Trading<br>Symbol(s)** | **<br>Name of each exchange on which registered** |
| Common Stock, without par value | AGYS | Nasdaq Global Select Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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## **Item 7.01 Regulation FD Disclosure.** 
Agilysys, Inc. ("the Company") may use a slide presentation, in whole or in part, from time to time in presentation to investors, analysts and others. A copy of the slide presentation is furnished as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference herein. A copy of the slide presentation is also available on the Company's website at www.agilysys.com.

The information contained in this Item 7.01 as well as in Exhibit 99.1 is furnished and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and such information shall not be deemed to be incorporated by reference into any of the Company's filings under the Securities Act of 1933, as amended, or the Exchange Act.

## **Item 9.01 Financial Statements and Exhibits.** 
(c) Exhibits

The following item is furnished as an exhibit to this current report on Form 8-K:

---

| | |
|:---|:---|
| Exhibit Number | Description |
| 99.1 | [<u>Agilysys, Inc. June 2025 investor presentation.</u>](agys-ex99_1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
|  |  |  | AGILYSYS, INC. |
| Date: | June 3, 2025 | By:  | /s/ William David Wood III |
|  |  |  | William David Wood III<br>Chief Financial Officer<br>(Principal Financial Officer) |

---

------

## Exhibit 99.1

![Slide 1](agys-ex99_1s1.jpg)

INVESTOR PRESENTATION Q4 and Full Fiscal Year 2025

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![Slide 2](agys-ex99_1s2.jpg)

Forward-looking Statements & Non-GAAP Financial Information Forward-Looking Language This presentation contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. Examples of forward-looking statements include, among others, our revenue, subscription revenue and Adjusted EBITDA guidance for the 2024 fiscal year and statements we make regarding expected property management room growth. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the impact macroeconomic factors may have on the overall business environment, our ability to achieve our fiscal 2026 guidance, future revenue growth, the company's ability maintain sales levels, the Company's ability to integrate Book4Time and realize future synergies, and the risks described in the Company's filings with the Securities and Exchange Commission, including the Company's reports on Form 10-K and Form 10-Q. Additionally, references to "record" financial and business levels in this document refer only to the time period after Agilysys made the transformation to an entirely hospitality focused software solutions company in FY2014. . Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement that may be made from time to time, whether written or oral, whether as a result of new information, future developments or otherwise. Use of Non-GAAP Financial Information To supplement the unaudited consolidated financial statements presented in accordance with U.S. GAAP in this press release, certain non-GAAP financial measures as defined by the SEC rules are used. These non-GAAP financial measures include EBITDA, Adjusted EBITDA, adjusted net income, adjusted basic earnings per share, adjusted diluted earnings per share and free cash flow. Management believes that such information can enhance investors' understanding of the Company's ongoing operations.

------

![Slide 3](agys-ex99_1s3.jpg)

Thank You For your partnership and your business Our Mission Helping Our Customers Improve Employee & Guest Experiences, With Dedication To Past, Present & Future Customer Investments In Our Products And Services.

------

![Slide 4](agys-ex99_1s4.jpg)

Defining Strategy Pillars 100% HOSPITALITY FOCUSED STATE OF THE ART CLOUD-NATIVE & ON-PREMISE OPTIONS CORE PRODUCT FOCUS & INNOVATION DRIVEN OBSESSIVELY CUSTOMER-CENTRIC END-TO-END COMPREHENSIVE SOLUTION OFFERINGS 1 2 3 4 5

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![Slide 5](agys-ex99_1s5.jpg)

About – Global 118 Countries Global Presence Corporate Headquarters Alpharetta, Georgia North America Offices Las Vegas, Nevada Toronto, Ontario Santa Barbara, California Bellevue, Washington EMEA United Kingdom Dubai, UAE APAC Offices Hong Kong Malaysia Philippines Singapore China Australia India Development Center Chennai, India Publicly Traded - NASDAQ: AGYS

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![Slide 6](agys-ex99_1s6.jpg)

Global Customers Managed Foodservice Gaming Hotels, Resorts & Cruise International

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![Slide 7](agys-ex99_1s7.jpg)

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![Slide 8](agys-ex99_1s8.jpg)

Total Addressable Market - TAM POS Core $2.7B $73m Tier 2 Core: Spa, Golf and Sales & Catering Solutions $2.5B $11m PMS Core $2.1B $26m Other Add On $8.7B $55m Total TAM $16.0B $182M\* ARR \*Exit rate ARR quarter ended March 31, 2025. 46% ARR\* 16% ARR\* 12% ARR\* 26% ARR\*

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![Slide 9](agys-ex99_1s9.jpg)

Property Management Room Growth Opportunity Less than 300,000 rooms connected to PMS solutions today Number of rooms connected to PMS solutions should reach ~900,000 in ~3 years with combined current PMS growth momentum and Marriott rooms Expected to add a majority of the one million plus Marriott U.S. and Canada Luxury, Premium and Select Service rooms

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![Slide 10](agys-ex99_1s10.jpg)

\*Data is as of the trailing twelve months ended March 31, 2025. Subscription Revenue/Recurring Revenue\* Subscription Revenue YOY Growth Rate Total Revenue YOY Growth\* Recurring Revenue/Total Revenue\* 16% 62% 62% 40% Agilysys Revenue Overview

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![Slide 11](agys-ex99_1s11.jpg)

We Provide Industry Leading Hospitality Solutions Lodging Solutions Food and Beverage Solutions 54% of Revenue 26% of Revenue 5% of Revenue INVENTORY & PROCUREMENT 6% of Revenue DOCUMENT MANAGEMENT PROPERTY MANAGEMENT POINT-OF-SALE Note: Revenue contribution figures represent percentage for the trailing twelve months ended March 31, 2025 and include an allocation of total revenue (excluding services) amounts to our 4 core product groupings and payment software related revenue. Region 92% of Revenue North America 8% of Revenue APAC Plus EMEA Allocation of Revenue 9% of Revenue Payment Revenue Cross Functional

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![Slide 12](agys-ex99_1s12.jpg)

Existing Customers Average Products Per Property - Exit Rate

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![Slide 13](agys-ex99_1s13.jpg)

$308M to $312M ANNUAL REVENUE 20% ADJUSTED EBITDA/ REVENUE 25% YEAR OVER YEAR GROWTH REVENUE Adjusted EBITDA SUBSCRIPTION REVENUE FY26 Annual Guidance

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![Slide 14](agys-ex99_1s14.jpg)

FINANCIAL OVERVIEW

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![Slide 15](agys-ex99_1s15.jpg)

Share Price (05/22/25) $102.69 Diluted Shares Outstanding 28.3M Diluted Market Capitalization $2,901.7M Cash (as of 03/31/25) $73.0M Debt (as of 03/31/25) $47.0M Enterprise Value $2,875.6M Revenue $275.6M Gross Profit $172.0M Adjusted EBITDA^ $53.8M Earnings per Share $0.82 EV/Revenue 10.4x EV/Gross Profit 16.7x Recurring Revenue\* As % of Total Revenue 62% Subscription Revenue\* As % of Recurring Revenue 62% Services Revenue\* As % of Total Revenue 23% Subscription Revenue Growth Y/Y\* 40% New Customer Count\* 62 Financial Metrics and Valuation\* Business Metrics (as of 03/31/25) Evolving Business, Evolving P&L ^Non-GAAP measure, see reconciliation on slide 31. \*Trailing twelve months ended March 31, 2025.

------

![Slide 16](agys-ex99_1s16.jpg)

Strong Balance Sheet Consolidated Balance Sheet (in thousands) March 31, 2025 March 31, 2024 Cash, Cash Equivalents and Marketable Securities $73,041 $144,891 Other Current Assets 50,486 44,046 Long-Term Assets 310,843 161,493 Total Assets $434,370 $350,430 Current Liabilities $111,024 $89,371 Other Liabilities 57,460 24,582 Total Liabilities 168,484 113,953 Shareholders' Equity 265,886 236,477 Total Liabilities and Shareholders' Equity $434,370 $350,430

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![Slide 17](agys-ex99_1s17.jpg)

Revenue Growth ($M) FY25 FY21 FY22 FY23 AGYS FY24 FY20

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![Slide 18](agys-ex99_1s18.jpg)

Recurring Revenue Growth ($M) FY20 FY21 FY22 FY23 FY24 FY25

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![Slide 19](agys-ex99_1s19.jpg)

Historical Financial Results All numbers in thousands. ^ Non-GAAP measure, see reconciliation beginning on slide 31. \*Trailing twelve months ended March 31, 2025.

------

![Slide 20](agys-ex99_1s20.jpg)

Book4Time Strategic Acquisition $150M all cash transaction at ~9x revenue multiple closed August 2024 Current market leader in spa software solutions Expanded Agilysys customer base of ~4,500 customers by 30%+ Only 10% customer overlap Strengthen product penetration in large global brands Strategic advantage in competitive ecosystem deals

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![Slide 21](agys-ex99_1s21.jpg)

APPENDIX

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![Slide 22](agys-ex99_1s22.jpg)

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![Slide 23](agys-ex99_1s23.jpg)

Agilysys Omnichannel POS Solution Payments Mobile App & APIs Marketing & Upsell Mobile / Web Analytics Kiosk Digital Menus/Ordering Dining Reservations Point-of-Sale Inventory & Procurement

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![Slide 24](agys-ex99_1s24.jpg)

Agilysys Lodging Ecosystem Staff Task Management & 2-Way Guest Communication: Payments: Online Booking: Sales & Catering: Document Management: Business Analytics: Marketing & Upsell: Central Reservations: Activities: Check-In/Out: Point-of-Sale & Retail:

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![Slide 25](agys-ex99_1s25.jpg)

Non-GAAP Reconciliation \*Trailing twelve months ended March 31, 2025.

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![Slide 26](agys-ex99_1s26.jpg)

Non-GAAP Reconciliation

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![Slide 27](agys-ex99_1s27.jpg)

Non-GAAP Reconciliation \*Trailing twelve months ended March 31, 2025.

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![Slide 28](agys-ex99_1s28.jpg)

Cash Flow \*Trailing twelve months ended March 31, 2025.

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![Slide 29](agys-ex99_1s29.jpg)

Recurring Revenue ($M) FY25 FY21 FY22 FY23 FY24 FY20

------

![Slide 30](agys-ex99_1s30.jpg)

Jessica Hennessy Senior Director Corporate Strategy and Investor Relations (770) 810-6116 InvestorRelations@agilysys.com

### Attached PDF Documents

**Attachment 1:** `agys-ex99_1.pdf`

Q4 and Full Fiscal Year 2025

agilysys

INVESTOR PRESENTATION

# Forward-looking Statements &amp; Non-GAAP Financial Information

## Forward-Looking Language

This presentation contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. Examples of forward-looking statements include, among others, our revenue, subscription revenue and Adjusted EBITDA guidance for the 2024 fiscal year and statements we make regarding expected property management room growth.

Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the impact macroeconomic factors may have on the overall business environment, our ability to achieve our fiscal 2026 guidance, future revenue growth, the company's ability maintain sales levels, the Company's ability to integrate Book4Time and realize future synergies, and the risks described in the Company's filings with the Securities and Exchange Commission, including the Company's reports on Form 10-K and Form 10-Q. Additionally, references to "record" financial and business levels in this document refer only to the time period after Agilysys made the transformation to an entirely hospitality focused software solutions company in FY2014.

Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement that may be made from time to time, whether written or oral, whether as a result of new information, future developments or otherwise.

## Use of Non-GAAP Financial Information

To supplement the unaudited consolidated financial statements presented in accordance with U.S. GAAP in this press release, certain non-GAAP financial measures as defined by the SEC rules are used. These non-GAAP financial measures include EBITDA, Adjusted EBITDA, adjusted net income, adjusted basic earnings per share, adjusted diluted earnings per share and free cash flow. Management believes that such information can enhance investors' understanding of the Company's ongoing operations.

2

Agilysys | 2

# Our Mission

![img-0.jpeg](img-0.jpeg)

Helping Our Customers Improve Employee &amp; Guest Experiences, With Dedication To Past, Present &amp; Future Customer Investments In Our Products And Services.

3

Agilysys | 3

# Defining Strategy Pillars

1. 100% HOSPITALITY FOCUSED
2. OBSESSIVELY CUSTOMER-CENTRIC
3. CORE PRODUCT FOCUS &amp; INNOVATION DRIVEN
4. STATE OF THE ART CLOUD-NATIVE &amp; ON-PREMISE OPTIONS
5. END-TO-END COMPREHENSIVE SOLUTION OFFERINGS

c
Agilysys | 4

# Global Presence

Publicly Traded - NASDAQ: AGYS

![img-1.jpeg](img-1.jpeg)

## Corporate Headquarters
- Alpharetta, Georgia

## North America Offices
- Las Vegas, Nevada
- Toronto, Ontario
- Santa Barbara, California
- Bellevue, Washington

## EMEA
- United Kingdom
- Dubai, UAE

## APAC Offices
- Hong Kong
- Malaysia
- Philippines
- Singapore
- China
- Australia

## India Development Center
- Chennai, India

C

Agilysys | 5

# Global Customers

![img-2.jpeg](img-2.jpeg)

![img-3.jpeg](img-3.jpeg)

![img-4.jpeg](img-4.jpeg)

![img-5.jpeg](img-5.jpeg)

![img-6.jpeg](img-6.jpeg)

![img-7.jpeg](img-7.jpeg)

![img-8.jpeg](img-8.jpeg)

![img-9.jpeg](img-9.jpeg)

![img-10.jpeg](img-10.jpeg)

![img-11.jpeg](img-11.jpeg)

![img-12.jpeg](img-12.jpeg)

![img-13.jpeg](img-13.jpeg)

6

Aaliysys | 8

Connected Experiences

# Agilysys Hospitality Product Suite

![img-14.jpeg](img-14.jpeg)

3rd Party Solution Integration With Modern Restful APIs

Agilysys Private

# Total Addressable Market - TAM

$2.7B
POS Core
46% ARR*

$16.0B
Total TAM

$2.1B
PMS Core
16% ARR*

$2.5B
Tier 2 Core: Spa, Golf and Sales &amp; Catering Solutions
12% ARR*

$8.7B
Other Add On
26% ARR*

$182M*
ARR

Apllysys
*Exit rate ARR quarter ended March 31, 2025.
8

# Property Management Room Growth Opportunity

![img-15.jpeg](img-15.jpeg)

- Less than 300,000 rooms connected to PMS solutions today
- Expected to add a majority of the one million plus Marriott U.S. and Canada Luxury, Premium and Select Service rooms
- Number of rooms connected to PMS solutions should reach ~900,000 in ~3 years with combined current PMS growth momentum and Marriott rooms

9

Agilysys | 9

# Agilysys Revenue Overview

16%
Total Revenue YOY Growth*
62%
Recurring Revenue/Total Revenue*

62%
Subscription Revenue/Recurring Revenue*
40%
Subscription Revenue YOY Growth Rate

*Data is as of the trailing twelve months ended March 31, 2025.

Agilysys

# We Provide Industry Leading Hospitality Solutions

![img-0.jpeg](img-0.jpeg)

![img-1.jpeg](img-1.jpeg)

![img-2.jpeg](img-2.jpeg)

![img-3.jpeg](img-3.jpeg)

![img-4.jpeg](img-4.jpeg)

![img-5.jpeg](img-5.jpeg)

![img-6.jpeg](img-6.jpeg)

![img-7.jpeg](img-7.jpeg)

![img-8.jpeg](img-8.jpeg)

![img-9.jpeg](img-9.jpeg)

![img-10.jpeg](img-10.jpeg)

![img-11.jpeg](img-11.jpeg)

![img-12.jpeg](img-12.jpeg)

![img-13.jpeg](img-13.jpeg)

![img-14.jpeg](img-14.jpeg)

![img-15.jpeg](img-15.jpeg)

Note: Revenue contribution figures represent percentage for the trailing twelve months ended March 31, 2025 and include an allocation of total revenue (excluding services) amounts to our 4 core product groupings and payment software related revenue.

Agripsys

# Existing Customers Average Products Per Property - Exit Rate

![img-16.jpeg](img-16.jpeg)

12

Agripsys | 12

# FY26 Annual Guidance

$308M to $312M ANNUAL REVENUE

REVENUE

20% ADJUSTED EBITDA/ REVENUE

Adjusted EBITDA

25% YEAR OVER YEAR GROWTH

SUBSCRIPTION REVENUE

13

Agriphys | 13

# agilysys

## FINANCIAL OVERVIEW

# Evolving Business, Evolving P&amp;L

## Business Metrics (as of 03/31/25)

| Recurring Revenue* | 62% |
| --- | --- |
| As % of Total Revenue |  |
| Subscription Revenue* | 62% |
| As % of Recurring Revenue |  |
| Services Revenue* | 23% |
| As % of Total Revenue |  |
| Subscription Revenue Growth Y/Y* | 40% |
| New Customer Count* | 62 |

## Financial Metrics and Valuation*

| Share Price (05/22/25) | $102.69 |
| --- | --- |
| Diluted Shares Outstanding | 28.3M |
| Diluted Market Capitalization | $2,901.7M |
| Cash (as of 03/31/25) | $73.0M |
| Debt (as of 03/31/25) | $47.0M |
| Enterprise Value | $2,875.6M |
| Revenue | $275.6M |
| Gross Profit | $172.0M |
| Adjusted EBITDA^ | $53.8M |
| Earnings per Share | $0.82 |
| EV/Revenue | 10.4x |
| EV/Gross Profit | 16.7x |

*Non-GAAP measure, see reconciliation on slide 31.
*Trailing twelve months ended March 31, 2025.
Agriysys | 15

# Strong Balance Sheet

| Consolidated Balance Sheet (in thousands) |  |  |
| --- | --- | --- |
|  | March 31, 2025 | March 31, 2024 |
| Cash, Cash Equivalents and Marketable Securities | $73,041 | $144,891 |
| Other Current Assets | 50,486 | 44,046 |
| Long-Term Assets | 310,843 | 161,493 |
| Total Assets | $434,370 | $350,430 |
| Current Liabilities | $111,024 | $89,371 |
| Other Liabilities | 57,460 | 24,582 |
| Total Liabilities | 168,484 | 113,953 |
| Shareholders' Equity | 265,886 | 236,477 |
| Total Liabilities and Shareholders' Equity | $434,370 | $350,430 |

16

Agilysys | 16

# Revenue Growth ($M)

![img-17.jpeg](img-17.jpeg)

17

Agriysys | 17

# Recurring Revenue Growth ($M)

![img-18.jpeg](img-18.jpeg)

18

Agilysys

# Historical Financial Results

![img-19.jpeg](img-19.jpeg)
Revenue - GAAP

![img-20.jpeg](img-20.jpeg)
GAAP Diluted EPS

![img-21.jpeg](img-21.jpeg)
Adjusted EBITDA - Non-GAAP*

![img-22.jpeg](img-22.jpeg)
Adjusted Diluted Earnings per Share - Non-GAAP*

e

All numbers in thousands.

* Non-GAAP measure, see reconciliation beginning on slide 31.

*Trading before months ended March 31, 2020

Agilysys | 19

# Book4Time Strategic Acquisition

Expanded Agilysys customer base of ~4,500 customers by 30%+ Only 10% customer overlap

Current market leader in spa software solutions

$150M all cash transaction at ~9x revenue multiple closed August 2024

![img-23.jpeg](img-23.jpeg)

Book4time
Now part of agilysys

Strategic advantage in competitive ecosystem deals

Strengthen product penetration in large global brands

20

Agilysys | 20

# agilysys

# APPENDIX

# agilysys
## Hospitality Experience Cloud

![img-0.jpeg](img-0.jpeg)
**FOOD &amp; BEVERAGE ECOSYSTEM**
CORE POS

![img-1.jpeg](img-1.jpeg)
**HOSPITALITY &amp; LEISURE ECOSYSTEM**
CORE PMS

![img-2.jpeg](img-2.jpeg)
**INVENTORY &amp; PROCUREMENT ECOSYSTEM**
CORE I&amp;P

**EXPERIENCE**
- Mobile Food Ordering
- Dining Reservations
- Kiosk
- PanOptic Self-Checkout
- Kitchen Display
- Digital Menus
- Digital Menu Board

**ENHANCERS**
- Loyalty &amp; Promotions
- Enterprise Analytics
- Secure EMV Payments
- QR Payment
- Stored-Value Payment
- Gift Card

**EXPERIENCE**
- Property-Wide Booking
- Spa
- Golf
- Sales &amp; Catering
- Activities
- Retail
- Membership
- Residence Management
- Mobile/Kiosk Check-In/Out
- Digital Keys

**ENHANCERS**
- Digital Marketing
- Loyalty and Promotions
- Service Task Optimization
- Enterprise Analytics
- Call Center
- Secure EMV Payments
- Digital Authorizations
- Gift Card
- Document Management

**EDITIONS**
- Standard
- Enterprise
- Professional

**MODULES**
- Barcode
- Retail
- Punch Out
- Direct

## Hospitality Solution Studios

Tailored to maximize Return On Experience (ROE) by specific venue and management model

- Airport
- Amusement Park
- Casino
- Corporate Dining
- Cruise
- Healthcare
- Higher Education
- Hotel Brand
- Independent Hotel
- Life Plan Community
- Management Company
- Resort
- Stadium
- Venue

#

InfoGenesis

# Agilysys Omnichannel POS Solution

![img-3.jpeg](img-3.jpeg)

#

Agilysys

# Agilysys Lodging Ecosystem

![img-4.jpeg](img-4.jpeg)

24

Agilysys | 24

# Non-GAAP Reconciliation

AGILYSYS, INC.
RECONCILIATION OF NET INCOME TO EBITDA AND ADJUSTED EBITDA
(UNAUDITED)

| (In thousands) | Twelve Months Ended March 31, |  |  |  |
| --- | --- | --- | --- | --- |
|  | TTM* | 2024 | 2023 | 2022 |
| Net income | $23,225 | $86,195 | $14,582 | $6,478 |
| Income tax provision (benefit) | 2,410 | (65,511) | 1,182 | 33 |
| Income before taxes | 25,635 | 20,684 | 15,764 | 6,511 |
| Depreciation of fixed assets | 3,679 | 3,896 | 1,769 | 2,210 |
| Amortization of internal-use software and intangibles | 3,859 | 1,366 | 1,743 | 1,654 |
| Amortization of developed technology acquired | 461 | 159 | 159 | 42 |
| Interest income, net | (2,253) | (5,083) | (2,192) | (47) |
| EBITDA (a) | 31,381 | 21,022 | 17,243 | 10,370 |
| Share-based compensation | 17,777 | 14,111 | 12,958 | 14,549 |
| Severance and other charges | 4,628 | 1,756 | 435 | 1,584 |
| Other non-operating (income) expense | (791) | 152 | (697) | (145) |
| Legal settlements, net | 844 | 28 | 352 | 969 |
| Adjusted EBITDA (b) | 53,839 | 37,069 | 30,291 | 27,327 |

(a) EBITDA is defined as net income before income taxes, interest income (net of interest expense), depreciation and amortization (including amortization of developed technology)
(b) Adjusted EBITDA, a non-GAAP financial measure, is defined as income before income taxes, interest income (net of interest expense), depreciation and amortization (including amortization of developed technology), and excluding charges relating to i) legal settlements, ii) other (gains) and charges, net iii) share-based compensation, and iv) other non-operating (income) expense

*Trailing twelve months ended March 31, 2025.

Agilysys | 25

# Non-GAAP Reconciliation

AGILYSYS, INC.
RECONCILIATION OF NET INCOME TO EBITDA AND ADJUSTED EBITDA
(UNAUDITED)

| (In thousands) | Three Months Ended |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | March 31 2025 | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 |
| Net income | $3,925 | $3,830 | $1,364 | $14,106 | $2,961 | $77,141 | $4,545 | $1,548 | $4,075 | $3,892 | $3,576 | $3,039 | $1,982 | $1,542 | $982 | $1,972 |
| Income to the benefit provision | 1,448 | 3,913 | 3,782 | (6,734) | 1,885 | (68,043) | 295 | 352 | 262 | 678 | (158) | 398 | (232) | 24 | 48 | 193 |
| Income before taxes | 5,373 | 7,743 | 5,146 | 7,372 | 4,846 | 9,098 | 4,840 | 1,900 | 4,337 | 4,570 | 3,418 | 3,437 | 1,750 | 1,566 | 1,030 | 2,165 |
| Depreciation of fixed assets | 941 | 985 | 915 | 838 | 854 | 909 | 1,209 | 923 | 398 | 437 | 461 | 473 | 602 | 495 | 548 | 566 |
| Amortization of internal use software and intangibles | 1,082 | 1,622 | 904 | 251 | 246 | 343 | 347 | 430 | 417 | 430 | 443 | 453 | 577 | 267 | 345 | 465 |
| Amortization of developed technology acquired | 160 | 163 | 99 | 38 | 40 | 39 | 41 | 39 | 39 | 39 | 40 | 41 | 42 | - | - | - |
| Interest income, net | (76) | 241 | (637) | (1,782) | (1,503) | (1,252) | (1,227) | (1,101) | (1,006) | (704) | (379) | (100) | (8) | (6) | (13) | (21) |
| EBITDA (a) | 7,480 | 10,754 | 6,427 | 6,717 | 4,483 | 9,137 | 5,210 | 2,191 | 4,185 | 4,772 | 3,983 | 4,304 | 2,963 | 2,322 | 1,910 | 3,175 |
| Share-based compensation | 5,121 | 4,218 | 4,009 | 4,429 | 4,622 | 3,638 | 2,684 | 3,167 | 3,548 | 3,466 | 3,456 | 2,488 | 3,747 | 3,839 | 3,342 | 3,621 |
| Severance and other charges | 2,030 | (12) | 2,037 | 550 | 1,711 | (924) | 210 | 759 | 61 | 93 | 67 | 214 | 398 | 381 | 580 | 225 |
| Other non-operating expense (income) | 13 | (574) | (383) | 157 | 136 | (95) | (51) | 159 | 102 | (384) | (112) | (304) | (197) | 52 | 103 | (103) |
| Legal settlements, net | 145 | 330 | 104 | 265 | 28 | - | - | - | 248 | 104 | - | - | 598 | 4 | 337 | 30 |
| Adjusted EBITDA (b) | $14,789 | $14,716 | $12,194 | $12,118 | $10,980 | $11,756 | $8,053 | $6,276 | $8,144 | $8,051 | $7,394 | $6,702 | $7,509 | $6,598 | $6,272 | $6,948 |

(a) EBITDA, a non-GAAP financial measure, is defined as net income before income taxes, interest income (net of interest expense), depreciation and amortization (including amortization of developed technology)
(b) Adjusted EBITDA, a non-GAAP financial measure, is defined as income before income taxes, interest (income), net, depreciation and amortization (including amortization of developed technology), and excluding charges relating to i) share-based compensation, ii) other charges, net iii) other non-operating (income) expense, net, and iv) legal settlements

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Agilysys | 26

# Non-GAAP Reconciliation

AGILYSYS, INC.

RECONCILIATION OF NET INCOME TO ADJUSTED NET INCOME FOR ADJUSTED EARNINGS PER SHARE (UNAUDITED)

| (In thousands) | Twelve Months Ended |  |  |  |
| --- | --- | --- | --- | --- |
|  | TTM* | March 31, |  |  |
|  | 2025 | 2024 | 2023 | 2022 |
| Net income attributable to common shareholders | $23,225 | $84,991 | $12,746 | $4,642 |
| Amortization of intangibles | 3,859 | 1,366 | 1,743 | 1,654 |
| Amortization of acquired technology | 461 | 461 | 159 | 42 |
| Share-based compensation | 17,777 | 14,111 | 12,958 | 14,549 |
| Tax Events (a) | (1,669) | (69,067) | - | - |
| Severance and other charges | 4,628 | 1,756 | 435 | 1,584 |
| Legal settlements, net | 844 | 28 | 352 | 969 |
| Income tax adjustments | (5,322) | (3,805) | (3,274) | (2,594) |
| Adjusted net income (b) | 43,803 | 29,841 | 25,119 | 20,846 |
| Basic weighted average shares outstanding | 27,518 | 25,668 | 24,694 | 24,357 |
| Diluted weighted average shares outstanding | 28,257 | 26,842 | 25,929 | 25,483 |
| Adjusted basic earnings per share (c) | 1.59 | 1.16 | 1.02 | 0.86 |
| Adjusted diluted earning per share (c) | 1.55 | 1.11 | 0.97 | 0.82 |

(a) Tax events include excess tax benefits or deficiencies related to share-based compensation, release of valuation allowances against deferred income taxes, and changes in uncertain tax positions
(b) Adjusted net income, a non-GAAP financial measure is defined as net income attributable to common shareholders before amortization expense (including amortization of developed technology), share-based compensation, and other charges, net, and legal settlements, less the related income tax effect of these adjustments, as applicable, at the Company's current combined federal and state income statutory tax rate and, as defined under (a) above, tax events.
(c) Adjusted earnings per share, a non-GAAP financial measure, is defined as adjusted net income divided by basic and diluted weighted average shares outstanding

*Trailing twelve months ended March 31, 2025.

Agilysys | 27

# Cash Flow

|  | TTM* | 31-Mar FY24 | 31-Mar FY23 | 31-Mar FY22 |
| --- | --- | --- | --- | --- |
| Operating activities |  |  |  |  |
| Net income from operations | $23,225 | $86,195 | $14,582 | $6,478 |
| Non cash adjustments, restructuring, legal settlements | 26,235 | (48,125) | 16,355 | 17,683 |
| Changes in assets & liabilities | 5,668 | 10,116 | 3,526 | 4,314 |
| Net cash provided by operating activities | 55,128 | 48,186 | 34,463 | 28,475 |
| Investing activities |  |  |  |  |
| Capital expenditures | (2,783) | (8,127) | (7,238) | (1,197) |
| Cash (paid for) business combinations, net of cash acquired | (145,756) | - | 395 | (24,455) |
| Proceeds from sale of assets | - | 552 | - | - |
| Investments | (27) | (27) | (27) | (27) |
| Net cash used in investing activities | (148,566) | (7,602) | (6,870) | (25,679) |
| Net cash used in financing activities | 21,928 | (8,558) | (11,094) | (4,901) |
| Effect of exchange rate | (340) | 23 | (628) | (104) |
| Increase (decrease) in cash & cash equivalents | (71,850) | 32,049 | 15,871 | (2,209) |
| Cash & cash equivalents - beginning of period | 144,891 | 112,842 | 96,971 | 99,180 |
| Cash & cash equivalents - end of period | $73,041 | $144,891 | $112,842 | $96,971 |

*Trailing twelve months ended March 31, 2025.

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# Recurring Revenue ($M)

![img-5.jpeg](img-5.jpeg)

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# CONTACT

Jessica Hennessy
Senior Director Corporate Strategy and
Investor Relations
(770) 810-6116
InvestorRelations@agilysys.com