Slide 1: Verra Mobility Q1 2026 Investor Presentation
Investor Overview Verra Mobility Q1 2026 Investor Presentation For the Quarter Ended March 31, 2026
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: Our Purpose
Our Purpose We exist to transform mobility into something safer, smarter and more connected – making life better for the people and communities we serve.
Slide 5: Solving Complex Transportation Challenges
Solving Complex Transportation Challenges We solve complex We save lives by We make parking payment and compliance changing driving more efficient and help challenges for fleets. behaviors. reduce congestion. U.S. drivers spend Vehicles in the U.S. make 5.7B+ toll trip Nearly 40,000 people 17 hours
Slide 6: Improving Transportation with Safe, Smart and Connected Solutions
Improving Transportation with Safe, Smart and Connected Solutions Safe Smart Connected Our goal is to make communities We bring operational intelligence We unify fragmented and streets safer with technology to transportation systems that transportation systems, enabling solutions that change driver
Slide 7: Market-leading financial profile across a range of attractive markets
Market-leading financial profile across a range of attractive markets Q1 2026 TTM Key Metrics Global Presence Total Revenue1 Service Revenue2 ~1,800 ~2,300+ $979M 94% Employees Globally Customers Served Globally Consolidated Sales Adj EBITDA1 Adj. EBITDA Margin 1 by Geography4 $406M 42% 90% North Fr
Slide 8: 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 9: 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 10: 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 11: 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 12: 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 13: 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 14: 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 15: 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 16: Parking Solutions: Leading Parking Solutions Partner
Parking Solutions Leading Parking Solutions Partner Strategic Advantages Total Revenue Segment Profit NA TAM1 Q1 2026 TTM Financial Results $83M $12M $4B Strong market position in large universities Sales Diversified product portfolio that scales Breakdown 2 and provides end-to-end solutions Yea
Slide 17: Core Businesses Drive Strong Growth and Margins
Core Businesses Drive Strong Growth and Margins Total Revenue Breakdown ($M) Adjusted EBITDA & Margins* ($M) Service Total Revenue CAGR 9% Adj EBITDA Product 4-Yr CAGR 6% Service Revenue 2022 thru Q126 TTM CAGR 9% 2022 thru Q126 TTM 42% 42% 46% $979 $979 45% $879 $61 46% $817 $38 $60 $742 $34 $46 $4
Slide 18: Strong, Flexible Balance Sheet + Robust Cash Flow
2 0 2 1 I N V E S T O R D A Y – © B U I L D E R18S F I R S T S O U R C E Strong, Flexible Balance Sheet + Robust Cash Flow Capital Summary & Financial Highlights ($M) Net Leverage* Evolution ($M) March 31, 2026 $935 $893 $972 $1,017 $843 Cash & Cash Equivalents $47 2.3x 2.2x 2.3x 2.5x 2.0x Debt $1,0
Slide 19: Demonstrated History of Disciplined Capital Allocation
Demonstrated History of Disciplined Capital Allocation 2018 – Q1 2026 TTM Capital Deployment Capital Allocation Snapshot Capex 1 Share Buybacks Organic Investment 17% Debt Revenue generating capital expenditures (e.g., cameras) repayment Proprietary software development 10% 28% Minimal mainten
Slide 20: Reaffirming 2026 Financial Outlook
Reaffirming 2026 Financial Outlook 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 - $1,030 (GS Service Rev expected to grow HSD) the mid-point of guidance PS (T2) … MS
Slide 21: Appendix
Appendix 21
Slide 22: Key Definitions
KEY DEFINITIONS EBITDA and Adjusted EBITDA We define "EBITDA" as net income adjusted to exclude interest expense, net, income taxes, depreciation and amortization. "Adjusted EBITDA" further excludes certain non-cash expenses and non-recurring items. Adjusted EBITDA Margin We define “Adjusted EBITDA
Slide 23: Key Definitions, Continued
KEY DEFINITIONS, Continued Net Debt We define “Net Debt” as total long-term debt (including current portion of long-term debt) excluding original issue discounts and unamortized deferred financing costs, less cash and cash equivalents. Net Leverage We define “Net Leverage” as Net Debt divided by the
Slide 24: Verra Mobility Quarterly Results
Verra Mobility Quarterly Results 2024 – Q1 2026 Full Year Full Year ($ in millions) Q1 2024 Q2 2024 Q3 2024 Q4 2024 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 2025 Q1 2026 Service revenue $202.7 $212.0 $217.3 $209.7 $841.7 $211.9 $223.5 $243.2 $239.8 $918.1 $213.4 Product sales 7.0 10.4 8.3 11.8 37.5 11.4
Slide 25: Verra Mobility Quarterly Results: Segment Results of Operations
Verra Mobility Quarterly Results Segment Results of Operations Commercial Services ($ in millions) Full Year Full Year Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 2024 2025 Total Revenue Commercial Services $95.9 $104.0 $109.1 $98.7 $407.7 $101.4 $109.0 $117.3 $108.1 $435
Slide 26: Free Cash Flow Reconciliation, incl. % of Adj. EBITDA
Verra Mobility Free Cash Flow Reconciliation, incl. % of Adj. EBITDA Q1 ($MM) 2022 2023 2024 2025 2026 TTM Net cash provided by operating $ 218 $206 $224 $256 $234 activities Purchases of installation and service parts and property and equipment (48) (57) (71) (119) (129) Free Cash Flow $ 170 $149 $
Slide 27: Net Debt and Net Leverage Reconciliation
Verra Mobility Net Debt and Net Leverage Reconciliation Q1 Q2 Q3 Q4 Q1 ($MM) 2025 2025 2025 2025 2026 2021 Term Loan, due 2028 $693 $691 $689 $687 $685 Plus: Senior Notes, due 2029 $350 $350 $350 $350 $350 Plus: Credit Revolver - - - - $26 Plus: Sale-leaseback financing - - - - $3 arrangement Long-t
Slide 28: Thank You
Thank You <<. VERRA A MOBILITY Safe. Smart. connected, =»?