Slide 1: Earnings Overview
Earnings Overview Verra Mobility Q3 Earnings Presentation For the Quarter Ended September 30, 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: Q3 Results by Segment – Commercial Services
Q3 Results by Segment – Commercial Services For the Quarter Ended September 30, 2021 Commercial Services Revenue & YoY Growth Commercial Services Commentary $ in Millions • Revenue of $77.3M in Q3 increased 75.0% from $100 the same quarter in the prior year. Revenue 8% 75% returned to within $0.4M o
Slide 4: Q3 Results by Segment – Government Solutions
Q3 Results by Segment – Government Solutions For the Quarter Ended September 30, 2021 Government Solutions Revenue & YoY Growth Government Solutions Commentary $ in Millions • Revenue of $84.8M in Q3 increased 60.8% from the $100 same quarter in the prior year 85 61% $80 18% 62 4% 55% 27% Service Pr
Slide 5: Consolidated Q3 Results
Consolidated Q3 Results For the Quarter Ended September 30, 2021 Verra Mobility Revenue & YoY Growth Q3 Commentary $ in Millions • Total revenue increased by $65.2 million to $180 67% $162.1 million or 67.3% in Q3 2021 from $96.9 million in Q3 2020 $150 61% 19% 19% 18% $120 12% 12% (24%) (11%) (23%)
Slide 6: Consolidated Q3 Results
Consolidated Q3 Results For the Quarter Ended September 30, 2021 Q3 Adj EBITDA Mix by Business Segment Net Debt & Leverage Q3 Commentary $ in Millions • Cash on hand increased to $128.2 4.1x 4.5x 4.1x 3.7x million at the end of Q3 2021 from $1,000 $120.3 million at the end of Q4 2020 • Generated cas
Slide 7: Guidance
Guidance We are very pleased with our performance year-to-date and are raising our guidance Service Revenue – At Mid-Point 2021 Full Year • Includes ~$35M of revenue from Redflex and ~$440M from VRRM • VRRM standalone service revenue would exceed FY Low High Mid 2019 by more than $20M • Implied YoY
Slide 8: APPENDIX
APPENDIX as b t v a, WERRA 4 4 MOBILITY’ >? 7
Slide 9: Consolidated Results of Operations
Consolidated Results of Operations Unaudited ($ in millions) Q1 2020 Q2 2020 Q3 2020 Q4 2020 Full Year 2020 Q1 2021 Q2 2021 Q3 2021 Service revenue $99.5 $62.8 $83.0 $91.0 $336.3 $89.8 $116.4 $141.8 Product sales 17.2 17.0 13.9 9.2 57.3 0.1 12.2 20.3 Total revenue $116.7 $79.8 $96.9 $100.2 $393.6 $8
Slide 10: Segment Results of Operations
Segment Results of Operations Commercial Services Q1 2020 Q2 2020 Q3 2020 Q4 2020 Full Year 2020 Q1 2021 Q2 2021 Q3 2021 Unaudited ($ in millions) Segment Revenue Commercial Services $61.2 $27.3 $44.2 $48.2 $180.9 $45.7 $66.5 $77.3 Segment Adj EBITDA Commercial Services $33.6 $7.3 $31.0 $25.2 $97.2
Slide 11: Thank You
Thank You http://ir.verramobility.com/