Slide 1: Verra Mobility Q2 2022 Earnings Presentation
Earnings Overview Verra Mobility Q2 2022 Earnings Presentation For the Quarter Ended June 30, 2022 Exhibit 99.2
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “forecast,” “intend,”
Slide 3: Executive Summary: Key Highlights
Providing mission critical operational services to solve the complex challenges of our customers Key Highlights Attractive macro trends driving strong growth in Commercial Services Q2 2022 results represent 25% revenue growth over Q2 2019 Strong top-line performance across all business segments Comm
Slide 4: Verra Mobility Consolidated Results
Verra Mobility Consolidated Results Total Revenue & YoY Growth Adjusted EBITDA & Margin % Q2 Service Revenue Growth ($ in Millions) 2019 2021 2022 Total Service Revenue $103 $116 $175 Less Redflex ($3) ($17) Less: Parking Solutions ($15) Organic Srvc Revenue $103 $113 $142 Organic Growth over 2021 2
Slide 5: Results by Segment – Commercial Services
Results by Segment – Commercial Services Total Revenue & YoY Growth Adjusted EBITDA & Margin % Robust travel demand and strong secular trends driving strong revenue growth & profitability 55% 52% 66% 70% 64% 27% 49% 61%
Slide 6: Results by Segment – Government Solutions
Results by Segment – Government Solutions Total Revenue & YoY Growth Adjusted EBITDA & Margin % Revenue growth fueled by NYC School Zone Speed expansion
Slide 7: Results by Segment – Parking Solutions
Results by Segment – Parking Solutions NA 1 18% Total Revenue ($M) Adjusted EBITDA & Margins ($M) 1 Closed T2 Systems acquisition on December 7, 2021; profitability positively impacted by stub reporting period Parking Solutions (T2 Systems) financial results in-line with deal thesis; poised for LDD
Slide 8: Strong Adjusted EPS and De-levering Performance
Strong Adjusted EPS and De-levering performance Adjusted EPS Net Debt & Leverage Demonstrated post-pandemic earnings power and De-levering
Slide 9: 2022 Updated Financial Outlook
2022 Updated Financial Outlook Increasing 2022 full-year guidance as the business continues to deliver Total Revenue ($M) +2.1% Adjusted EBITDA ($M) +2.5% Strong secular trends driving service revenue growth…travel demand remained robust through the 1st half of 2022 Product revenue expected roughly
Slide 10: Appendix
10 Appendix
Slide 11: Verra Mobility Quarterly Results 2020 - 2022
Verra Mobility Quarterly Results 2020 - 2022 Unaudited ($ in millions) Full Year 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Full Year 2021 Q1 2022 Q2 2022 Service revenue $336.3 $89.8 $116.4 $141.8 $144.8 $492.8 $161.1 $174.5 Product sales 57.3 0.1 12.2 20.3 25.1 57.7 9.3 13.0 Total revenue $393.6 $89.9 $
Slide 12: Quarterly Segment Results of Operations
Verra Mobility Quarterly Results Segment Results of Operations Unaudited ($ in millions) Full Year 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Full Year 2021 Q1 2022 Q2 2022 Total Revenue Commercial Services $180.9 $45.7 $66.5 $77.3 $71.5 $260.9 $73.5 $84.9 Segment Adj EBITDA Commercial Services $97.2 $22.
Slide 13: Adj. Net Income and Adj. Diluted EPS Reconciliations
Verra Mobility Adj. Net Income and Adj. Diluted EPS Reconciliations (in $MM, except per share data) Q3 2021 Q4 2021 Q1 2022 Q2 2022 Net Income $ 27.3 $ 19.1 $ 10.0 $ 29.6 Amortization of intangibles 22.9 23.1 27.3 27.2 Transaction and other related expenses 2.7 3.8 0.2 0.3 Transformation expenses 0.
Slide 14: Thank You
Thank You http://ir.verramobility.com/