Slide 1: Verra Mobility Q1 Earnings Presentation
Earnings Overview Verra Mobility Q1 Earnings Presentation For the Quarter Ended March 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: Q1 Results by Segment – Commercial Services
Q1 Results by Segment – Commercial Services For the Quarter Ended March 31, 2021 Commercial Services Revenue & YoY Growth Commercial Services Commentary $ in Millions • Revenue of $45.7M in Q1 decreased 25.4% $100 from the same quarter in the prior year 8% • Adjusted EBITDA of $22.6M in the quarter
Slide 4: Q1 Results by Segment – Government Solutions
Q1 Results by Segment – Government Solutions For the Quarter Ended March 31, 2021 Government Solutions Revenue & YoY Growth Government Solutions Commentary $ in Millions • Revenue of $44.2M in Q1 decreased 20.4% from the same quarter in the prior year $60 55% 27% 4% 17% 42% $50 44 (20%) 21% • Servic
Slide 5: Consolidated Q1 Results
Consolidated Q1 Results For the Quarter Ended March 31, 2021 Verra Mobility Revenue & YoY Growth Q1 Commentary $ in Millions • Total revenue decreased by $26.9 million to $89.9 million or 23% in Q1 2021 from $116.7 $140 19% million in Q1 2020 19% 18% $120 12% 12% (24%) (11%) • Adjusted EBITDA of $40
Slide 6: Consolidated Q1 Results
Consolidated Q1 Results For the Quarter Ended March 31, 2021 Revenue Mix & Adj. EBITDA Margins Q1 Commentary Chart Title • Generated cash flow from operations 100% 60% of $9.0 million in Q1 2021 64% 62% 61% 61% 52% 34% 46% 48% 51% 55% • Cash on hand increased to $249.6 80% million at the end of Q1 2
Slide 7: APPENDIX
APPENDIX és esp y S\ VERRA 4, >1 MOBILITY 6
Slide 8: Consolidated Results of Operations
Consolidated Results of Operations Unaudited ($ in millions) Q1 2020 Q2 2020 Q3 2020 Q4 2020 Full Year 2020 Q1 2021 Service revenue $99.5 $62.8 $83.0 $91.0 $336.3 $89.8 Product sales 17.2 17.0 13.9 9.2 57.3 0.1 Total revenue $116.7 $79.8 $96.9 $100.2 $393.6 $89.9 Cost of service revenue 1.2 1.0 0.9
Slide 9: Segment Results of Operations
Segment Results of Operations Commercial Services Q1 2020 Q2 2020 Q3 2020 Q4 2020 Full Year 2020 Q1 2021 Unaudited ($ in millions) Segment Revenue Commercial Services $61.2 $27.3 $44.2 $48.2 $180.9 $45.7 Segment Adj EBITDA Commercial Services $33.6 $7.3 $31.0 $25.2 $97.2 $22.6 Government Solutions Q
Slide 10: Thank You
Thank You http://ir.verramobility.com/