Geo Group Inc (the) Reit · NYSE:GEO
Geo Group Inc (the) Reit — Q2 2025 Earnings Presentation
23 slides from Geo Group Inc (the) Reit's earnings presentation, Aug 6, 2025
Slide 1: Supplemental Information Second Quarter and YTD 2025
Supplemental Information Second Quarter and YTD 2025 The GEO Group, Inc.'s ("GEO") Unaudited Reconciliation Tables and Supplemental Disclosure presented herein speaks only as of the date or period indicated, and GEO does not undertake any obligation, and disclaims any duty, to update any of this inf
Slide 2: Table of Contents
Company Profile 3 Condensed Consolidated Balance Sheets 4 Condensed Consolidated Statement of Operations 5 Reconciliation of Net Income to EBITDA and Adjusted EBITDA, and Reconciliation of Net Income Attributable to GEO to Adjusted Net Income 6 Reconciliation of Net Income Attributable to GEO to Net
Slide 3: Company Profile
Company Profile The GEO Group, Inc. (NYSE: GEO) is a leading diversified government service provider, specializing in design, financing, development, and support services for secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the U
Slide 4: Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets * As of As of June 30, 2025 December 31, 2024 (unaudited) (unaudited) ASSETS Cash and cash equivalents $ 67,861 $ 76,896 Restricted cash and cash equivalents - 2,785 Accounts receivable, less allowance for doubtful accounts 389,738 376,013 Prepaid expenses and o
Slide 5: Condensed Consolidated Statement of Operations
Condensed Consolidated Statement of Operations * Q2 2025 Q2 2024 YTD 2025 YTD 2024 (unaudited) (unaudited) (unaudited) (unaudited) Revenues $ 636,169 $ 607,185 $ 1,241,513 $ 1,212,857 Operating expenses 475,218 443,529 929,693 885,204 Depreciation and amortization 32,732 31,313 64,868 62,678 General
Slide 6: Reconciliation of Net Income to EBITDA and Adjusted EBITDA
Reconciliation of Net Income to EBITDA and Adjusted EBITDA, and Reconciliation of Net Income Attributable to GEO to Adjusted Net Income * Q2 2025 Q2 2024 YTD 2025 YTD 2024 (unaudited) (unaudited) (unaudited) (unaudited) Net Income/(Loss) $ 29,074 $ (32,563) $ 48,616 $ (9,904) Add: Income tax provisi
Slide 7: Reconciliation of Net Income Attributable to GEO to Net Operating Income (NOI)
Reconciliation of Net Income Attributable to GEO to Net Operating Income (NOI) * Q2 2025 Q2 2024 YTD 2025 YTD 2024 (unaudited) (unaudited) (unaudited) (unaudited) Net Income/(Loss) attributable to GEO $ 29,108 $ (32,513) $ 48,666 $ (9,845) Less Net loss attributable to noncontrolling interests 34 50
Slide 8: Financial Summary
Financial Summary Company Profile * Q2 2025 Q2 2024 YTD 2025 YTD 2024 (unaudited) (unaudited) (unaudited) (unaudited) Market Capitalization ** $ 3,382,843 $ 2,003,955 $ 3,382,843 $ 2,003,955 Share Price ** $ 23.95 $ 14.36 $ 23.95 $ 14.36 Revenues * Owned and Leased: Secure Services $ 336,133 $ 298,8
Slide 9: Financial Summary
Financial Summary Q2 2025 Q2 2024 YTD 2025 YTD 2024 *Reflects data for Second Quarter of 2025 Portfolio * Owned and Leased: Secure Services 33 30 33 30 Owned and Leased: Reentry Services 33 34 33 34 Managed Only & Other 24 26 24 26 90 90 90 90 Owned and Leased: Secure Services ** Revenue Producing B
Slide 10: Global Operations Profile
Global Operations Profile Global Operating Portfolio by Region * ** United States Facilities Current Beds Beds 1-Yr Ago Texas 20 17,875 19,031 California 13 6,623 6,623 Pennsylvania 8 3,350 3,350 Alaska 6 705 705 Florida 5 5,751 5,751 Colorado 5 2,810 2,860 New Jersey 5 2,162 2,216 Arizona 4 5,930 5
Slide 11: Portfolio Operating Metrics
Portfolio Operating Metrics * *Reflects data for Second Quarter of 2025 BEDS (1) YTD 06/30/2025 Q2 2025 # of Facilities (1) Sq. Ft. Owned & Compensated Compensated Managed Only Total Revenue* Occupancy Revenue* Occupancy Leased Mandays Mandays Eastern Region (FL,GA,IN,VA) 6 2,368,940 1,500 9,195 10,
Slide 12: Customer Data
Customer Data Customer Retention Data*** Total YTD 2025 2024 2023 2022 2021 # of Contracts up for Renewal/Rebid 226 24 46 48 50 58 Contract Retention Rate: Owned & Leased 94.0% 100.0% 97.7% 97.8% 93.3% 84.8% Contract Retention Rate: Managed Only 72.0% 50.0% 66.7% 100.0% 60.0% 75.0% Retention Rate 91
Slide 13: Capital Expenditures
Capital Expenditures * Q2 2025 Q1 2025 Owned & Leased Owned & Leased Managed Only Managed Only Reentry BI ** Total Secure Reentry BI ** Total Secure Services & Other & Other Services Services Services Cap-Ex Category Growth 16,226 - - - 16,226 9,414 - - - 9,414 Technology - - 9,165 - 9,165 - - 9,976
Slide 14: Debt Maturity Schedule
Debt Maturity Schedule * 2025 2026 2027 2028 2029 2030 2031 2032 2033 Thereafter Total Floating Rate Debt Revolver Borrowings due 2029** $ 54,417 $ - $ - $ - $ 60,583 $ - $ - $ - $ - $ - $ 115,000 New Term Loan due 2029 164,867 - - - 132,000 - - - - - 296,867 Total Floating Debt $ 219,284 $ - $ - $
Slide 15: Outstanding Debt
Outstanding Debt * Senior Notes Due 2029 2031 Closing Date 4/18/24 4/18/24 Denomination USD USD Security Secured Unsecured Original Principal Amount $650,000 $625,000 Outstanding Principal Amount (end of quarter) $650,000 $625,000 Stated Coupon 8.625% 10.250% Maturity Date 4/15/29 4/15/31 Date Calla
Slide 16: Acquisitions/Dispositions
Acquisitions/Dispositions * Acquisitions Bed Count State Purchase Price Acquisition Date Tampa Residential Reentry Center 118 FL $1,200 March 2021 Correct Care Australasia N/A Australia $3,910 March 2024 Western Region Detention Facility 770 CA $60,000 July 2025 Total $65,110 Dispositions Bed Count
Slide 17: Idle Facilities
Idle Facilities Idle Facilities (As of 6/30/2025) Secure Services Facilities ** Location Ownership Bed Count Net Book Value * Flightline Correctional Facility Texas Owned 1,452 32,176 Rivers Correctional Facility North Carolina Owned 1,320 36,567 Lea County Correctional New Mexico Owned 1,200 45,714
Slide 18: Property List
Property List Updated as of August 6, 2025 Years Primary Renewal Facility Name City State Years Contracted Capacity Ownership Type Term(s) Upcoming Renewal Date Built/ Renovated Customer(s) Option(s) OWNED AND LEASED PROPERTIES GEO SECURE SERVICES 1 Adelanto ICE Processing Center Adelanto California
Slide 19: Property List
Property List Updated as of August 6, 2025 Years Primary Design Renewal Facility Name City State Years Contracted Ownership Type Term(s) Upcoming Renewal Date Built/ Renovated Customer(s) Capacity Option(s) OWNED AND LEASED PROPERTIES GEO CARE - REENTRY SERVICES 1 Alabama Therapeutic Education Facil
Slide 20: Property List
Property List Updated as of August 6, 2025 Years Primary Design Renewal Facility Name City State Years Contracted Ownership Type Term(s) Upcoming Renewal Date Built/ Renovated Customer(s) Capacity Option(s) GEO CARE - REENTRY SERVICES One, one-year, plus month to 18 Tully House Newark New Jersey 192
Slide 21: Property List
Property List Updated as of August 6, 2025 Years Primary Design Renewal Facility Name City State Years Contracted Ownership Type Term(s) Upcoming Renewal Date Built/ Renovated Customer(s) Capacity Option(s) MANAGED-ONLY FACILITIES GEO SECURE SERVICES 1 Florence West Correctional and Rehabilitation F
Slide 22: Property List
Property List Updated as of August 6, 2025 Years Primary Design Renewal Facility Name City State Years Contracted Ownership Type Term(s) Upcoming Renewal Date Built/ Renovated Lessee(s) Capacity Option(s) GEO LEASED PROPERTIES (NOT MANAGED) 1990-1992, 1995, 2008, 2011, 2013, 2015, Great Plains Corre
Slide 23: Definitions
Definitions EBITDA: EBITDA is defined as net income, adjusted by adding provisions for income tax, interest expense, net of interest income, and depreciation and amortization. Adjusted EBITDA: Adjusted EBITDA is defined as EBITDA adjusted for loss on asset divestitures/impairment, pre-tax, net loss
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