Slide 1: Fourth Quarter & Full-Year 2024 Results
ibdroot\projects\IBD-NY\vitus2024\938510_1\03. Roadshow Presentation\V2X - Roadshow Presentation (Nov- 2024)_vF.pptx Fourth Quarter & Full-Year 2024 Results MISSION ENABLEMENT l END-TO-END CAPABILITIES l GLOBAL REACH February 24, 2025 GO TOWARDS TOMORROW #goV2X GO TOWARDS TOMORROW #goV2X
Slide 2: Disclaimers
ibdroot\projects\IBD-NY\vitus2024\938510_1\03. Roadshow Presentation\V2X - Roadshow Presentation (Nov- Disclaimers 2024)_vF.pptx FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the
Slide 3: Full-Year and Q4'24 Results
ibdroot\projects\IBD-NY\vitus2024\938510_1\03. Roadshow Presentation\V2X - Roadshow Presentation (Nov- Full-Year and Q4’24 Results 2024)_vF.pptx • Closed 2024 with record revenue, adj. EBITDA1, and cash flow $4.3B • Full-year revenue grew +9% y/y to $4.3B; Q4’24 grew +11% y/y to $1.16B FY’24 Revenue
Slide 4: Track Record of Enhancing Outcomes
ibdroot\projects\IBD-NY\vitus2024\938510_1\03. Roadshow Presentation\V2X - Roadshow Presentation (Nov- Track Record of Enhancing Outcomes 2024)_vF.pptx Increasing Value for Customers Today… Innovating Modernizing Saving Smart Warehousing Rapid Prototyping Operational Performance V2X’s Technology bas
Slide 5: 80 Years Supporting Critical Missions
ibdroot\projects\IBD-NY\vitus2024\938510_1\03. Roadshow Presentation\V2X - Roadshow Presentation (Nov- 80 Years Supporting Critical Missions 2024)_vF.pptx FY2024 Revenue Diversification Then… The DEW Line Arctic Radar Network Army In the late 1950s, the DEW Line contract was unique in its size, Othe
Slide 6: Macro Environment Summary and V2X
ibdroot\projects\IBD-NY\vitus2024\938510_1\03. Roadshow Presentation\V2X - Roadshow Presentation (Nov- Macro Environment Summary and V2X 2024)_vF.pptx MACRO: V2X POSITIONING: New administration priorities and focus areas Focus on warfighter readiness via training, equipping, deploying, & modernizing
Slide 7: Delivered On FY'24 Financial Commitments
ibdroot\projects\IBD-NY\vitus2024\938510_1\03. Roadshow Presentation\V2X - Roadshow Presentation (Nov- Delivered On FY’24 Financial Commitments 2024)_vF.pptx Revenue ($M) Adj. EBITDA1 ($M) Revenue +9% Growth $4,322 $310 $3,963 $294 Adj. EBITDA FY'23 FY'24 FY'23 FY'24 7.2% margin1 Adj. EPS1 Adj. OCF
Slide 8: Solid Q4'24 Financial Results
ibdroot\projects\IBD-NY\vitus2024\938510_1\03. Roadshow Presentation\V2X - Roadshow Presentation (Nov- Solid Q4’24 Financial Results 2024)_vF.pptx Revenue ($M) Adj. EBITDA1 ($M) Revenue +11% Growth $1,158 $82 $86 $1,040 Adj. EBITDA Q4'23 Q4'24 Q4'23 Q4'24 7.4% margin1 Adj. EPS1 Adj. OCF 1 ($M) $168
Slide 9: Exceptional Deleveraging Performance
ibdroot\projects\IBD-NY\vitus2024\938510_1\03. Roadshow Presentation\V2X - Roadshow Presentation (Nov- Exceptional Deleveraging Performance 2024)_vF.pptx Net Leverage Trajectory Debt Reduction Progress ($M) 1,308 4.0x 1,084 3.3x 2.6x 874 Merger Close Q4'23 Q4'24 Merger Close Q4'23 Q4'24 GO TOWARDS T
Slide 10: Solid Backlog with Limited Recompetes
ibdroot\projects\IBD-NY\vitus2024\938510_1\03. Roadshow Presentation\V2X - Roadshow Presentation (Nov- Solid Backlog with Limited Recompetes 2024)_vF.pptx Backlog ($M) Revenue Visibility ~4% $12,502 $12,229 $2,251 $3,016 Recompete % at 2025 Revenue Mid-Point $9,213 $10,251 ~3x Revenue Coverage at 20
Slide 11: 2025 Guidance
ibdroot\projects\IBD-NY\vitus2024\938510_1\03. Roadshow Presentation\V2X - Roadshow Presentation (Nov- 2025 Guidance 2024)_vF.pptx 2025 2025 ($M, except per share data) Guidance Mid-Point Revenue $4,375 - $4,500 $4,438 Adjusted EBITDA1 $305 - $320 $313 Adjusted Earnings Per Share1 $4.45- $4.85 $4.65
Slide 12: V2X Value Proposition
ibdroot\projects\IBD-NY\vitus2024\938510_1\03. Roadshow Presentation\V2X - Roadshow Presentation (Nov- V2X Value Proposition 2024)_vF.pptx 1 Well-Aligned with U.S. DoD Priorities in Strong End Markets 2 Long-Standing Relationships with Diverse Customers and Contract Base 3 Contract Backlog Provides
Slide 13: Appendix
ibdroot\projects\IBD-NY\vitus2024\938510_1\03. Roadshow Presentation\V2X - Roadshow Presentation (Nov- 2024)_vF.pptx Appendix GO TOWARDS TOMORROW #goV2X GO TOWARDS TOMORROW #goV2X
Slide 14: Key Performance Indicators and Non-GAAP Measures
ibdroot\projects\IBD-NY\vitus2024\938510_1\03. Roadshow Presentation\V2X - Roadshow Presentation (Nov- Key Performance Indicators and Non-GAAP 2024)_vF.pptx Measures This presentation includes certain non-GAAP financial measures, including adjusted net income, adjusted diluted earnings per share, ad
Slide 15: Reconciliation Of Non-GAAP Measures
ibdroot\projects\IBD-NY\vitus2024\938510_1\03. Roadshow Presentation\V2X - Roadshow Presentation (Nov- Reconciliation Of Non-GAAP Measures 2024)_vF.pptx ($K, except per share data) Three Months Ended Twelve Months Ended December 31, 2024 December 31, 2023 December 31, 2024 December 31, 2023 Revenue
Slide 16: Reconciliation Of Non-GAAP Measures
ibdroot\projects\IBD-NY\vitus2024\938510_1\03. Roadshow Presentation\V2X - Roadshow Presentation (Nov- Reconciliation Of Non-GAAP Measures 2024)_vF.pptx ($K) Three Months Ended Twelve Months Ended December 31, 2024 December 31, 2023 December 31, 2024 December 31, 2023 Net cash provided by operating
Slide 17: Reconciliation Of Non-GAAP Measures
ibdroot\projects\IBD-NY\vitus2024\938510_1\03. Roadshow Presentation\V2X - Roadshow Presentation (Nov- Reconciliation Of Non-GAAP Measures 2024)_vF.pptx ($K) TTM December 31, 2024 Net income (loss) $ 34,684 Plus: Interest expense, net 107,900 Income tax expense 4,157 Depreciation and amortization 11
Slide 18: GO TOWARDS TOMORROW #goV2X
ibdroot\projects\IBD-NY\vitus2024\938510_1\03. Roadshow Presentation\V2X - Roadshow Presentation (Nov- 2024)_vF.pptx 1875 Campus Commons Drive www.goV2X.com Suite 305 Reston, VA 20191 GO TOWARDS TOMORROW 571.481.2000 PHONE GO V2X CONFIDENTIAL AND PROPRIETARY — COMPETITION SENSITIVE GO TOWARDS TOMORR