Verra Mobility Corporation · NASDAQ:VRRM
Verra Mobility — Q1 2021 Earnings Presentation
10 slides from Verra Mobility's earnings presentation, May 17, 2021
Slide 1: Earnings Overview: Verra Mobility Q1 Earnings Presentation
Earnings Overview Verra Mobility Q1 Earnings Presentation For the Quarter Ended March 31, 2021
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: Q1 Results by Segment – Commercial Services
For the Quarter Ended March 31, 2021 Q1 Results by Segment – Commercial Services Revenue of $45.7M in Q1 decreased 25.4% from the same quarter in the prior year Adjusted EBITDA of $22.6M in the quarter decreased $11.1M or 32.9% from the same period of the prior year The CS segment is closely tied to
Slide 4: Q1 Results by Segment – Government Solutions
For the Quarter Ended March 31, 2021 Q1 Results by Segment – Government Solutions Government Solutions Commentary Government Solutions Revenue of $44.2M in Q1 decreased 20.4% from the same quarter in the prior year Service Revenue improvement of $5.8M was offset by a decrease in product revenue of $
Slide 5: Consolidated Q1 Results
For the Quarter Ended March 31, 2021 Consolidated Q1 Results Total revenue decreased by $26.9 million to $89.9 million or 23% in Q1 2021 from $116.7 million in Q1 2020 Adjusted EBITDA of $40.3 million, decreased from $54.9 million or 26.5% in Q1 of 2021 Adjusted EBITDA margin declined 210 basis poin
Slide 6: Consolidated Q1 Results
For the Quarter Ended March 31, 2021 Consolidated Q1 Results Generated cash flow from operations of $9.0 million in Q1 2021 Cash on hand increased to $249.6 million at the end of Q1 2021 from $120.3 million at the end of Q4 2020 Leverage increased due to a decline in EBITDA The company has total deb
Slide 7: Appendix
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Slide 8: Consolidated Results of Operations
Consolidated Results of Operations Unaudited ($ in millions) Q1 2020 Q2 2020 Q3 2020 Q4 2020 Full Year 2020 Q1 2021 Service revenue $99.5 $62.8 $83.0 $91.0 $336.3 $89.8 Product sales 17.2 17.0 13.9 9.2 57.3 0.1 Total revenue $116.7 $79.8 $96.9 $100.2 $393.6 $89.9 Cost of service revenue 1.2 1.0 0.9
Slide 9: Segment Results of Operations
Segment Results of Operations Commercial Services Government Solutions Unaudited ($ in millions) Q1 2020 Q2 2020 Q3 2020 Q4 2020 Full Year 2020 Q1 2021 Segment Revenue Government Solutions $55.5 $52.5 $52.8 $52.0 $212.7 $44.2 Segment Adj EBITDA Government Solutions $21.2 $20.3 $22.5 $20.6 $84.7 $17.
Slide 10: Thank You
Thank You http://ir.verramobility.com/