Slide 1: Verra Mobility Q4 2025 Investor Presentation
Investor Overview Verra Mobility Q4 2025 Investor Presentation For the Quarter and Year Ended December 31, 2025
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements which address our expected future business and financial performance, and may contain words such as “goal,” “target,” “future,” “estimate,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “project,” “may,”
Slide 3: Verra Mobility Key Investment Themes
Verra Mobility Key Investment Themes 1 Global leader of smart mobility solutions that address mission-critical transportation needs for cities, fleets and universities 2 Well-positioned in large, growing and attractive markets with strong secular tailwinds 3 Robust free cash flow combined with disci
Slide 4: Solving Complex Transportation Challenges
Solving Complex Transportation Challenges We solve complex We make parking We save lives by payment challenges for more efficient and help changing driver behavior. shared vehicles. reduce congestion. U.S. drivers spend Vehicles in the U.S. make 5.7B+ toll trip 39,345 people died in 17 hours annuall
Slide 5: Market-leading financial profile across a range of attractive markets
Market-leading financial profile across a range of attractive markets FY 2025 Key Metrics Global Presence Total Revenue1 Service Revenue2 ~1,900 ~2,300+ $979M 94% Employees Globally Customers Served Globally Consolidated Sales Adj EBITDA1 Adj. EBITDA Margin by Geography4 $416M 42% 90% Nort h Free Ca
Slide 6: Positioned for Continued Growth & Profitability
Positioned for Continued Growth & Profitability Commercial Services Government Solutions Parking Solutions (~45%1) (~47%1) (~8%1) Business Leading technology provider of end-to-end Market leader in toll and violation Industry leader in automated traffic Segment parking management solutions in North
Slide 7: Large, Attractive Markets Fueled by Long-Term Macro Trends
Large, Attractive Markets Fueled by Long-Term Macro Trends Connected Fleet Solutions Urban Mobility Estimated Total Global Addressable Market1, 2 $14B in 2025 $26B in 2025 Key End Markets Fleet Telematics Vehicle Traffic Parking & Curbside Road Usage Administration Payments Management Management Cha
Slide 8: A Customer-Centric Growth Playbook
A Customer-Centric Growth Playbook 1. Deep Customer Relationships 2. Differentiated Solutions BUILD deep, meaningful relationships with CREATE new opportunities to serve based on customers based on trust service excellence and understanding of customer needs 95%+ Customer Renewal Rate1 4. Management
Slide 9: A Growth Playbook to Deliver Strong Organic Growth
A Growth Playbook to Deliver Strong Organic Growth Commercial Government Parking Services Solutions Solutions 1. Grow the Core Grow managed vehicle fleets Open new cities Add new universities & municipalities 2. Expand into adjacent markets and offerings Scale and accelerate Bus Lane Open new market
Slide 10: Experienced and Proven Leadership
Experienced and Proven Leadership David Roberts Craig Conti Stacey Moser Jon Baldwin Lin Bo President & CEO Chief Financial Officer EVP, Commercial Services EVP, Government Solutions Senior Vice President T2 Systems Jon Keyser Cate Prescott Jason Rivera Mike McMillin Chief Legal Officer Chief People
Slide 11: Our People Make the Difference
Our People Make the Difference 76 PURPOSE 2025 Engagement Score Enriching lives by making mobility safer & easier VISION To be the global leader in smart mobility by serving our customers at their 85% highest point of need, with the best people doing their best work Retention1 Strategic Pillars DRIV
Slide 12: Commercial Services: Leading Fleet Mobility Solutions Provider
Commercial Services Leading Fleet Mobility Solutions Provider Strategic Advantages TAM Expected Organic Growth $7B MSD L/T Strategic differentiation based on large scale and deep integrations with our customers and key partners Commercial Sales Sales Proprietary cloud applications Services Segme
Slide 13: Government Solutions: Leading Global Provider Poised for L/T Growth
Government Solutions Leading Global Provider Poised for L/T Growth Strategic Advantages TAM Expected Organic Growth Long-term relationships with state and $11B HSD L/T local governments Complete solutions designed to reduce Government Sales Sales by risk and time to deploy Solutions Segment1 Bre
Slide 14: Parking Solutions: Leading Parking Solutions Partner
Parking Solutions Leading Parking Solutions Partner Strategic Advantages Total Revenue Segment Profit NA TAM1 FY 2025 Financial Results $83M $11M $4B Strong market position in large universities Sales Diversified product portfolio that scales Breakdown 2 and provides end-to-end solutions Years o
Slide 15: Core Businesses Drive Strong Growth and Margins
Core Businesses Drive Strong Growth and Margins Total Revenue Breakdown ($M) Adjusted EBITDA & Margins* ($M) Service Total Revenue Product 4-Yr CAGR 15% Adj EBITDA Service Revenue 4-Yr CAGR 11% 4-Yr CAGR 17% 46% 42% $979 45% $817 $879 $61 46% $742 $34 $38 $46 49% $551 $416 $402 $58 $918 $372 $842 $3
Slide 16: Strong, Flexible Balance Sheet + Robust Cash Flow
2 0 2 1 I N V E S T O R D A Y – © B U I L D E R16S F I R S T S O U R C E Strong, Flexible Balance Sheet + Robust Cash Flow Capital Summary & Financial Highlights ($M) Net Leverage* Improvement ($M) December 31, 2025 $968 $935 $893 $972 $843 Cash & Cash Equivalents $65 2.4x 2.3x 2.2x 2.0x 2.3x Debt $
Slide 17: Demonstrated History of Disciplined Capital Allocation
Demonstrated History of Disciplined Capital Allocation 2018 – 2025 Capital Deployment Capital Allocation Snapshot Capex 1 Share Buybacks Organic Investment 16% Debt Revenue generating capital expenditures (e.g., cameras) repayment Proprietary software development 10% 27% Minimal maintenance ca
Slide 18: 2026 Financial Outlook
2026 Financial Outlook is expected to deliver solid revenue growth and Free Cash Flow conversion 2026 Guidance In millions, except per share data Commentary CS … MSD expected growth GS … High-end of MSD growth expected Expect Total Revenue growth of 5% at Total Revenue $1,020 - $1,030 (GS Service Re
Slide 19: Appendix
Appendix 19
Slide 20: Key Definitions
KEY DEFINITIONS EBITDA and Adjusted EBITDA We define "EBITDA" as net income adjusted to exclude interest expense, net, income taxes, depreciation and amortization. "Adjusted EBITDA" further excludes certain non-cash expenses and non-recurring items. Adjusted EBITDA Margin We define “Adjusted EBITDA
Slide 21: Key Definitions, Continued
KEY DEFINITIONS, Continued Net Debt We define “Net Debt” as total long-term debt (including current portion of long-term debt) excluding original issue discounts and unamortized deferred financing costs, less cash and cash equivalents. Net Leverage We define “Net Leverage” as Net Debt divided by the
Slide 22: Verra Mobility Quarterly Results
Verra Mobility Quarterly Results 2024 – 2025 Full Year Full Year ($ in millions) Q1 2024 Q2 2024 Q3 2024 Q4 2024 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 2025 Service revenue $202.7 $212.0 $217.3 $209.7 $841.7 $211.9 $223.5 $243.2 $239.8 $918.1 Product sales 7.0 10.4 8.3 11.8 37.5 11.4 12.5 18.7 18.3 $6
Slide 23: Verra Mobility Quarterly Results: Segment Results
Verra Mobility Quarterly Results Segment Results of Operations Commercial Services Unaudited ($ in millions) Q1 2024 Q2 2024 Q3 2024 Q4 2024 Full Year 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Full Year 2025 Total Revenue Commercial Services $95.9 $104.0 $109.1 $98.7 $407.7 $101.4 $109.0 $117.3 $108.1 $4
Slide 24: Free Cash Flow Reconciliation, incl. % of Adj. EBITDA
Verra Mobility Free Cash Flow Reconciliation, incl. % of Adj. EBITDA ($MM) 2021 2022 2023 2024 2025 Net cash provided by operating $ 193 $ 218 $206 $224 $256 activities Purchases of installation and service parts and property and equipment (25) (48) (57) (71) (119) Free Cash Flow $ 168 $ 170 $149 $1
Slide 25: Net Debt and Net Leverage Reconciliation
Verra Mobility Net Debt and Net Leverage Reconciliation Q4 Q1 Q2 Q3 Q4 ($MM) 2024 2025 2025 2025 2025 2021 Term Loan, due 2028 $696 $693 $691 $689 $687 Plus: Senior Notes, due 2029 $350 $350 $350 $350 $350 Long-term Debt, excluding original issue discounts and unamortized $1,046 $1,043 $1,041 $1,038
Slide 26: Thank You
Thank You <<. VERRA A MOBILITY Safe. Smart. connected, =»?