• Strong growth in revenues and margins over the last 5 years
• Expanding into new markets including the USA, Scandinavia, and mainland Europe
• Completed acquisition of Peak Parking, providing access to the largest parking operations market

Smart Parking Ltd (ASX:SPZ) has reported a strong track record of growth and improving profitability over the last 5 years, with a 33% CAGR in revenues and EBITDA margin expansion to 32%. The company has an established parking management business in the UK, New Zealand, Germany, Denmark, and the USA, and has supplemented organic growth with 5 acquisitions in the last 4 years, including the recent acquisition of Peak Parking in the USA. The company leverages its proprietary technology and expertise to enhance parking solutions, processing over 400 million images through its SmartCloud AI engine and monitoring 189 million vehicles in FY24. It has a diversified portfolio of customers across retail, property, hospitality, healthcare, entertainment, transportation, and more.Looking ahead, Smart Parking sees significant market opportunities to build scale and leverage its market-leading technology, with a total addressable market of over 200,000 sites globally. The company is focused on disciplined international expansion, both organically and through acquisitions, and is investigating new market territories across Scandinavia, mainland Europe, and the USA. The acquisition of Peak Parking provides the company with access to the largest parking operations market in the world, allowing it to deliver its proprietary technology. Integration is progressing well, and the company is on track to deliver against its investment case, with the transaction expected to be over 25% EPS accretive in FY25 on a pro forma basis.

Smart Parking is on track to deliver against its investment case, with the acquisition of Peak Parking expected to be over 25% EPS accretive in FY25 on a pro forma basis.

Smart Parking is focused on disciplined international expansion, both organically and through acquisitions, and is investigating new market territories across Scandinavia, mainland Europe, and the USA. The company has set a new long-term organic site target of 3,000 sites under management by December 2028.