Slide 1: Verra Mobility Q4 Earnings Presentation
Earnings Overview Verra Mobility Q4 Earnings Presentation For the Quarter Ended December 31, 2021 Exhibit 99.2
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
3 | 3 | Providing mission critical operational services to solve the complex challenges of our customers Strong Execution in the fourth quarter Total revenue and adjusted EBITDA exceeded the high-end of expectations Strong operating cash flow The Commercial Services segment continues to see strong d
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 54% 46% 49% 40% YoY Increase
Slide 5: Q4 Results by segment – Commercial Services
Q4 Results by segment – commercial services For the Quarter Ended December 31, 2021 Revenue & YoY Growth Adj EBITDA & Margin % Revenue Revenue of $71.5M in Q4 increased 48.3% from the same quarter in the prior year. Adj EBITDA Adjusted EBITDA of $43.8M in the quarter increased $18.6M or 73.5% from t
Slide 6: Q4 Results by segment – Government Solutions
Q4 Results by segment – Government solutions For the Quarter Ended December 31, 2021 Revenue & YoY Growth Adj EBITDA & Margin % Revenue Revenue of $92.0M in Q4 increased 77.0% from the same quarter in the prior year Service revenue grew $26.6M or 62.2% Revenue reflects the installation of 326 Fixed
Slide 7: Consolidated Q4 Results
Consolidated Q4 Results For the Quarter Ended December 31, 2021 Revenue & YoY Growth Adj EBITDA & Margin % 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 Adj EBITDA Adjusted EBITDA of $80.0 million, increased by $34.1 million or
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) Revenue Mix & Adj EBITDA Margins Cash and Debt balances Cash on hand decreased to $101.3 million at the end of Q4 2021 from $120.3 million at the end of Q4 2020 Generated cas
Slide 9: Reiterating guidance
Reiterating guidance Service Revenue – At Mid-Point YoY Service Revenue growth of 30% including T2 Systems and Redflex Product Revenue Modest increase over FY21 Increase in product revenue driven by T2 Systems and Redflex, offset by the reduction in New York City installations Adj EBITDA Implies mar
Slide 10: Appendix
APPENDIX
Slide 11: Verra Mobility Quarterly Results 2020 - 2021
Verra Mobility Quarterly Results 2020 - 2021 Unaudited ($ 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 $492.8 Product sales 17.2 17.0 13.9 9.2 57.3 0.1 12.2 20.3 25
Slide 12: Segment Results of Operations 2020 - 2021
Segment Results of Operations 2020 - 2021 Commercial Services Parking Solutions Unaudited ($ 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 $26
Slide 13: Thank You
Thank You http://ir.verramobility.com/