Verra Mobility Corporation · NASDAQ:VRRM
Verra Mobility — Investor Presentation (November 2022)
13 slides from Verra Mobility's investor presentation, November 2022
Slide 1: Investor Overview
Investor Overview Verra Mobility Q3 2022 Investor Presentation
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: Verra Mobility At-a-Glance
Verra Mobility At-a-Glance 1 2 3 4 TTM 3Q22 Key Metrics Commercial Services #1 Provider of toll management to rental car companies Total Revenue1 Re-occurring Revenue2 (“RAC”) and fleet management companies (“FMC”) in North America $726M 91% Government Solutions #1 Provider Adj EBITDA1 Adj. EBITDA M
Slide 4: Positioned for Continued Growth & Profitability
Positioned for Continued Growth & Profitability Commercial Services Government Solutions Parking Solutions (~43%1) (~46%1) (~11%1) Business Segment Leading technology provider of end-to-end Market leader in toll and violation Industry leader in automated traffic parking management solutions in North
Slide 5: Large, Growing and Attractive Markets
Large, Growing and Attractive Markets Connected Fleet Solutions Urban Mobility Key End Markets Fleet Telematics Vehicle Traffic Parking & Curbside Road Usage Administration Payments Management Management Charging Tech-enabled solutions for fleets (e.g., rental), Solutions that enable government agen
Slide 6: Core Businesses Drive Strong Free Cash Flow Conversion
Core Businesses Drive Strong Free Cash Flow Conversion Total Revenue ($M) Adjusted EBITDA & Margins ($M) Core T2 Systems $726 Adj EBITDA CAGR 15%2 46% 700 Total Revenue $66 600 CAGR 20% $551 $7 49% 54% 500 53% 46% 400 300 $660 $335 $544 $271 $449 $241 200 $370 $394 $198 $182 100 0 2018 2019 2020 202
Slide 7: Strong Cash Flow Enables Balanced Capital Allocation Strategy
2 0 2 1 I N V E S T O R D A Y – © B U I L D E R7 S F I R S T S O U R C E Strong Cash Flow Enables Balanced Capital Allocation Strategy Pro Forma Net Leverage Improvement ($M) Near-Term Capital Allocation Strategy $1,172 $1,152 $1,157 $1,187 $1,135 1▪ Share Buybacks ▪ $225 million returned in the pas
Slide 8: Current 2022 Financial Outlook
Current 2022 Financial Outlook Total Revenue ($M) Adjusted EBITDA ($M) ~$335 ~$740 $325 - $335 $720 - $740 Prior Current Prior Current Strong secular trends driving service Adjusted EBITDA margins consistent revenue growth…travel demand has with prior expectations remained robust through the 1st 9-
Slide 9: Appendix
Appendix 9
Slide 10: Verra Mobility Quarterly Results
Verra Mobility Quarterly Results 2020 - 2022 Unaudited ($ in millions) Full Year 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Full Year 2021 Q1 2022 Q2 2022 Q3 2022 Service revenue $336.3 $89.8 $116.4 $141.8 $144.8 $492.8 $161.1 $174.5 $180.6 Product sales 57.3 0.1 12.2 20.3 25.1 57.7 9.3 13.0 17.0 Total re
Slide 11: Verra Mobility Quarterly Results
Verra Mobility Quarterly Results Segment Results of Operations Commercial Services Unaudited ($ in millions) Full Year 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Full Year 2021 Q1 2022 Q2 2022 Q3 2022 Total Revenue Commercial Services $180.9 $45.7 $66.5 $77.3 $71.5 $260.9 $73.5 $84.9 $86.1 Segment Adj EBI
Slide 12: Verra Mobility Free Cash Flow Reconciliation, incl. % of Adj. EBITDA
Verra Mobility Free Cash Flow Reconciliation, incl. % of Adj. EBITDA ($MM) 2018 2019 2020 2021 TTM 3Q22 Adjusted EBITDA $ 198 $ 241 $ 182 $ 271 $ 335 Net cash provided by operating activities $ 46 $ 134 $ 47 $ 193 $ 213 Transaction and other related expenses 57 - - - - Transformation expenses 9 - -
Slide 13: Thank You
Thank You <S\. VERRA A MOBILITY” safe. smart. connected =?
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