COMPANY PROFILETyler Technologies is the largest national provider of integrated software and technology services to the public

sector. Tyler’s end-to-end solutions empower local, state, and federal government entities to operate more

efficiently and connect more transparently with their constituents and with each other. By connecting data

and processes across disparate systems, Tyler’s solutions are transforming how clients gain actionable insights

that solve problems in their communities.

Tyler has more than 26,000 successful installations across more than 10,000 sites, with clients in all

50 states, Canada, the Caribbean, Australia, and other international locations. Tyler is known for our deep

domain expertise, long-lasting client relationships, high-quality service and support, and feature-rich

product offerings.

We deliver an expansive portfolio of software and service solutions designed to automate mission-critical public sector operations:

• Enterprise resource planning (ERP) financial management, fund accounting, payroll and human capital management, and utility billing

• Courts and judicial case management, law enforcement, public safety, and corrections

• Automated mass appraisal, tax billing and collections, and turnkey reassessment and revaluation services

• K–12 school financial and human resource management, student information systems, and transportation

• Document and content management for land and vital records

• Civic services

• Platform technologies

Tyler also offers a full range of professional services, including multiple hosting options, change management,

e-filing, implementation, product training, disaster recovery, and ongoing software support.

THE MARKET State and local government and primary and secondary education annual spending for applications and

vertical-specific software is currently estimated at $21 billion.

The public sector market is one of the largest and most decentralized information technology markets in the

United States, consisting of:

• 50 states, five territories, and the District of Columbia

• 3,000+ counties, parishes, and boroughs

• 36,000 cities, towns, and villages

• 13,900 school districts

• 37,000 special districts and other agencies

Tyler offers a unique combination of leading technologies that scale from the smallest office to the most

complex organization, while providing features and functionality that address the specific needs of the public

sector. State and local governments and schools choose Tyler for our singular focus on the public sector, our

deep domain expertise, and our broad range of product offerings.

INVESTOR INFORMATION

Brian MillerExecutive VP & CFOTyler Technologies, Inc. 972.713.3720 brian.miller@tylertech.com

Hala Elsherbini Halliburton Investor Relations972.458.8000 hala@halliburtonir.com

CORPORATE OFFICE

5101 Tennyson Parkway Plano, Texas 75024 972.713.3770 www.tylertech.com

INVESTMENT DATA (as of April 30, 2020)

NYSE: TYLFiscal year end: December 31Recent stock price: $320.6952-week price range: $205.90 - $340.80Shares outstanding: 39.8 millionMarket capitalization: $12.8 billionAvg. daily volume: 262,000 shares

Investor Fact Sheet

© 2020 Tyler Technologies, Inc. All rights reserved.

GROWTH STRATEGY Tyler continues to execute on our proven core growth initiatives — expanding our geographic reach, broadening our product offerings, winning large-scale accounts,

and extending our relationships with existing clients. Additionally, we continue to successfully augment our organic growth by executing strategic acquisitions that

complement and broaden our existing product solutions and client base.

Tyler is successfully building a fast-growing, cloud-based business inside a proven, profitable software license and maintenance business. Subscription

revenues grew 34 percent in 2019. More than half of Tyler’s new software clients choose our software-as-a-service (SaaS) model, as new business continues to

transition toward the cloud. In addition, our transaction-based revenue streams from e-filing in courts and online payment processing continues to penetrate a

relatively new market and offer considerable potential margin growth.

INVESTMENT HIGHLIGHTS • Continually evolving product lines solely focused on meeting the public sector’s

broad range of needs

• Strong competitive position enhanced by aggressive spending on product development

• Flexible business model with financial leverage and long-term margin expansion opportunities

• Strong and stable recurring revenue stream from maintenance and subscriptions representing approximately 70 percent of total revenues, with an approximate 98 percent annual client retention rate

• Fast-growing, subscription-based cloud services address unique client needs and offer new business opportunities

• Reliable free cash flow that significantly exceeds GAAP income

• Solid balance sheet provides flexibility to pursue targeted growth opportunities

• Long-term stock repurchase program, with 27.9 million shares repurchased since 2002

• Deep domain expertise and highly experienced management team with significant ownership interest

ANALYST COVERAGE

REVENUE MIX

39.6% MAINTENANCE

27.3% SUBSCRIPTIONS

19.6% SERVICES

9.2% SOFTWARE LICENSES AND ROYALTIES

2.1% HARDWARE AND OTHER

2.2% APPRAISAL

TOTAL REVENUES in millions

$ 759.

9 $840

.9

$935

.3

$605

.1

$ 1086

.4

$ 726.

7

$ 591.

020

15

2016

2017

2018

2018

2019

2019

2015

2016

2017

RECURRING REVENUE in millions

$ 463.

7 $531

.5

$ 357.

5

BACKLOG in millions

2015

2016

2017

2018

2019

$ 1,04

8.9 $1

,226

.2

$1,2

47.0

$ 1,45

8.1

$ 844.

5

(a) Non-GAAP EPS excludes write-downs of acquisition-related deferred revenue and leases, stock compensation expense, acquisition-related costs, and amortization of acquisition intangibles.

(b) For the reconciliation of GAAP EPS to Non-GAAP EPS, please refer to the Non-GAAP reconciliation schedule located on our website at https://tylertech.irpass.com/interactive_analyst_center

2015

2015

2016

2016

2017

2017

2018

2018

2019

2019

ANNUAL EPS in dollars

$ 2.92

$4.3

2

$3.6

8

$ 3.65

$ 1.77

ANNUAL EPS (NON-GAAP*)

in dollars

$ 3.58

$3.9

4 $4.8

0 $ 5.30

$ 2.54

TY-F

INFS

-147

83-0

520

BTIGMatt VanVliet – 212.738.6160

CJS SecuritiesCharles Strauzer – 914.287.7600

DA Davidson Peter Heckmann – 913.499.8240

Evercore ISIKirk Materne – 212.497.0873

JMP SecuritiesJoe Goodwin and Patrick Walravens – 415.869.4477 and 415.835.8943

Needham and CompanyScott Berg – 763.350.4027

Northcoast ResearchKeith Housum – 216.468.6916

Northland Capital Markets Tyler Wood – 612.851.5954

OppenheinmerAndrew Uerkwitz – 212.667.5316

RW BairdRob Oliver – 203.602.1604

The Benchmark Company, LLCMark Schappel – 212.312.6749

William Blair & CompanyJonathan Ho and John Weidemoyer – 312.364.8276 and 312.364.8154