Slide 1: Verra Mobility Q4 Earnings Presentation
Earnings Overview Verra Mobility Q4 Earnings Presentation For the Quarter Ended December 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: Executive Summary
EXECUTIVE SUMMARY Strong Execution in the fourth quarter • Total revenue and adjusted EBITDA exceeded the high-end of expectations Q4 2021 Total Revenue • Strong operating cash flow $170.0 million; including $6.5 million from T2 Systems • The Commercial Services segment continues to see strong deman
Slide 4: Full Year 2021 Results
FULL YEAR 2021 RESULTS For the Year Ended December 31, 2021 Revenue & YoY Growth Adj EBITDA & Margin % Cash from Operations $ in Millions $ in Millions $ in Millions $550.6 $270.9 $241.4 $448.7 $193.2 $393.6 $181.8 $133.8 54% 46% 49% $46.9 2019 2020 2021 2019 2020 2021 2019 2020 2021 Confidential &
Slide 5: Q4 Results by Segment – Commercial Services
Q4 RESULTS BY SEGMENT – COMMERCIAL SERVICES For the Quarter Ended December 31, 2021 Revenue & YoY Growth FY Revenue & YoY Growth Revenue • Revenue of $71.5M in Q4 increased 48.3% from $276.5 $260.9 the same quarter in the prior year. 8% 22% 14% 17% $180.9 Adj EBITDA (2%) (25%) (29%) • Adjusted EBITD
Slide 6: Q4 Results by Segment – Government Solutions
Q4 RESULTS BY SEGMENT – GOVERNMENT SOLUTIONS For the Quarter Ended December 31, 2021 Revenue & YoY Growth FY Revenue & YoY Growth Revenue • Revenue of $92.0M in Q4 increased 77.0% $283.2 from the same quarter in the prior year $212.7 Q4-2021 $172.3 55% 4% 17% ($ in Millions) $ YoY 27% 42% (20%) 21%
Slide 7: Consolidated Q4 Results
CONSOLIDATED Q4 RESULTS For the Quarter Ended December 31, 2021 Revenue & YoY Growth Revenue • Total revenue increased by $69.8 million to $170.0 million or 69.7% in Q4 2021 from $100.2 million in Q4 2020 19% 19% 18% Q4 Service Revenue Growth 12% 12% (24%) (11%) (23%) ($ in Millions) 2019 2020 2021
Slide 8: Consolidated Q4 Results
CONSOLIDATED Q4 RESULTS For the Quarter Ended December 31, 2021 Q4 Adj EBITDA Mix by Business Segment Net Debt & Leverage (1) Cash and Debt balances • Cash on hand decreased to $101.3 million at the end of Q4 2021 from $120.3 million at the end of Q4 2020 • Generated cash flow from operations of $19
Slide 9: Reiterating Guidance
REITERATING GUIDANCE Reiterating guidance initially provided on March 31, 2022 Service Revenue – At Mid-Point 2022 Full Year • YoY Service Revenue growth of 30% including T2 Systems and Low High Mid Redflex Product Revenue Service Revenue $635 $652 $643 • Modest increase over FY21 Product Revenue $5
Slide 10: Appendix
APPENDIX Confidential & Proprietary 10
Slide 11: Verra Mobility Quarterly Results
VERRA MOBILITY QUARTERLY RESULTS 2020 - 2021 Unaudited ($ in millions) Q1 2020 Q2 2020 Q3 2020 Q4 2020 Full Year 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Full Year 2021 Service revenue $99.5 $62.8 $83.0 $91.0 $336.3 $89.8 $116.4 $141.8 $144.8 $492.8 Product sales 17.2 17.0 13.9 9.2 57.3 0.1 12.2 20.3 25
Slide 12: Segment Results of Operations
SEGMENT RESULTS OF OPERATIONS 2020 - 2021 Commercial Services Unaudited ($ in millions) Q1 2020 Q2 2020 Q3 2020 Q4 2020 Full Year 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Full Year 2021 Segment Total Revenue Commercial Services $61.2 $27.3 $44.2 $48.2 $180.9 $45.7 $66.5 $77.3 $71.5 $260.9 Segment Adj EB
Slide 13: Thank You
Thank You http://ir.verramobility.com/ Confidential & Proprietary 13