Tyler Technologies : Investor Presentation - December 2022

Investor Presentation

December 2022

Forward-Looking Statements

Tyler has included in this presentation "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are not historical in nature and typically address future or anticipated events, trends, expectations or beliefs with respect to our financial condition, results of operations or business. Forward-looking statements often contain words such as "believes," "expects," "anticipates," "foresees," "forecasts," "estimates," "plans," "intends," "continues," "may," "will," "should," "projects," "might," "could" or other similar words or phrases. Similarly, statements that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. We believe there is a reasonable basis for our forward-looking statements, but they are inherently subject to risks and uncertainties and actual results could differ materially from the expectations and beliefs reflected in the forward-looking statements. We presently consider the following to be among the important factors that could cause actual results to differ materially from our expectations and beliefs: (1) the ongoing effects of the COVID-19 pandemic, including its potential effects on the economic environment, our customers and our operations, as well as any changes to federal, state or local government laws, regulations or orders in connection with the pandemic; (2) changes in the budgets or regulatory environments of our clients, primarily local and state governments, that could negatively impact information technology spending; (3) disruption to our business and harm to our competitive position resulting from cyber-attacks and security vulnerabilities; (4) our ability to protect client information from security breaches and provide uninterrupted operations of data centers; (5) our ability to achieve growth or operational synergies through the integration of acquired businesses, while avoiding unanticipated costs and disruptions to existing operations; (6) material portions of our business require the Internet infrastructure to be adequately maintained; (7) our ability to achieve our financial forecasts due to various factors, including project delays by our clients, reductions in transaction size, fewer transactions, delays in delivery of new products or releases or a decline in our renewal rates for service agreements; (8) general economic, political and market conditions, including inflation and increases in interest rates; (9) technological and market risks associated with the development of new products or services or of new versions of existing or acquired products or services; (10) competition in the industry in which we conduct business and the impact of competition on pricing, client retention and pressure for new products or services; (11) the ability to attract and retain qualified personnel and dealing with the loss or retirement of key members of management or other key personnel; and (12) costs of compliance and any failure to comply with government and stock exchange regulations. A detailed discussion of these factors and other risks that affect our business are described in Item 1A, "Risk Factors". We expressly disclaim any obligation to publicly update or revise our forward-looking statements.

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Tyler: A Winning Long-Term Growth Story

Consistent Long-term	Faster EPS Growth
Revenue Growth

16% 21%

CAGRCAGR

since 2010

since 2010

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Massive Opportunity

• Market Leader With Just

~6%

share

of fragmented $30B market

A G E N D A

Tyler: A Winning Long-Term Growth Story

1	2	3	4	5
Impressive	Clear leader	Powerful and	Shift to cloud	Delivering
track record	in attractive	predictable cash	accelerating	long-term sustainable
	markets	generation engine	growth	growth

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A T A G L A N C E

The Leader in Providing Software Solutions to the Public Sector

Market

position

Number 1

Recurring79% revenues 2021

				R e v e n u e B r e a k d o w n
ERP /	Courts &	Public	Platform		Appraisal &	Civic	K-12	Other
Financial	Justice	Safety	Technologies		Tax	Services	Schools
	2%
34%	14%		7%	30%	6%	3%	4%
Free cash flow to		1.1X				98%
non-GAAP net income
- avg. last 5 years				Gross Customer retention

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