Slide 1: Verra Mobility Q2 2025 Earnings Presentation
Earnings Overview Verra Mobility Q2 2025 Earnings Presentation For the Quarter Ended June 30, 2025
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: Q2 2025 Financial Highlights Executive Summary
Q2 2025 Financial Highlights Executive Summary Total Revenue • Solid consolidated second quarter top-line performance - Commercial Services: 5% Y-o-Y revenue growth driven by increased product adoption $236 million; 6% YoY growth and tolling activity - Government Solutions: 7% Y-o-Y service revenue
Slide 4: Strong top-line growth driven by tolling & speed enforcement trends
Strong top-line growth driven by tolling & speed enforcement trends Consolidated – Q2 Results Total Revenue ($M) Adjusted EBITDA ($M)* Service Product $222 Total $236 +6% $13 $10 Total $102 +3% $105 $212 Service $223 +5% Q2 2024 Q2 2025 Q2 2024 Q2 2025 Adjusted EPS* Free Cash Flow ($M)*,1 $0.31 10%
Slide 5: Core Businesses Drive Strong Growth and FCF Conversion
Core Businesses Drive Strong Growth and FCF Conversion Total Revenue Breakdown ($M) Adjusted EBITDA & Margins* ($M) Service Total Revenue Product CAGR 15% Adj EBITDA Service Revenue CAGR 12% CAGR 17% $906 46% 45% $879 $817 $38 $44 45% $742 $34 46% $46 $551 49% $58 $402 $407 $784 $842 $862 $372 $695
Slide 6: Stabilizing travel volume and secular trends driving strong performance
Stabilizing travel volume and secular trends driving strong performance Commercial Services – Q2 Results Total Revenue & YoY Growth Segment Profit & YoY Growth $69 Segment Profit $72 $109 +4% $104 Srvc Rev +5% Q2 2024 Q2 2025 Q2 2024 Q2 2025 Q2 – Key Highlights • Second quarter Revenue up 5% over Q2
Slide 7: Revenue fueled by core market acceleration
Revenue fueled by core market acceleration Government Services – Q2 Results Total Revenue & YoY Growth Segment Profit & YoY Growth Service Product Revenue $107 $98 Total Rev $6 +10% $9 Srvc Rev $98 Segment Profit $91 +7% $30 1% $30 Q2 2024 Q2 2025 Q2 2024 Q2 2025 Q2 – Key Highlights • Service Revenu
Slide 8: Recurring SaaS Revenue offset by declining product sales and professional services
Recurring SaaS Revenue offset by declining product sales and professional services T2 Systems – Q2 Results Total Revenue & YoY Change Segment Profit & YoY Change SaaS & Service Revenue Product Revenue Total Rev $21 -4% $20 $4 $3 Srvc Rev $17 -1% $16 Segment Profit $3 14% $3 Q2 2024 Q2 2025 Q2 2024 Q
Slide 9: Strong, Flexible Balance Sheet + Robust Cash Flow
2 0 2 1 I N V E S T O R D A Y – © B U I L D E R9 S F I R S T S O U R C E Strong, Flexible Balance Sheet + Robust Cash Flow Capital Summary & Financial Highlights ($M) Net Leverage* Improvement ($M) June 30, 2025 $928 $968 $935 $893 $844 Cash & Cash Equivalents $148 2.4x 2.2x 2.4x 2.3x 2.2x Debt $1,0
Slide 10: Reaffirming 2025 Financial Outlook
Reaffirming 2025 Financial Outlook 2025 Guidance In millions, except per Expect Total Revenue growth of 6% at share data Commentary the mid-point of guidance CS … High-end of MSD growth CS driven by expected increased 1 Total Revenue $925 - $935 GS … HSD growth adoption and tolling activity; T2 … Fl
Slide 11: Additional 2025 Guidance Assumptions
Additional 2025 Guidance Assumptions 2025 fully diluted share count expected to be approximately ~163 million shares (weighted average for the year) Effective tax rate expected to be 28.5% to 29.5% including State taxes; approximately $45 million expected in 2025 total cash taxes paid 2025 depreciat
Slide 12: Appendix
Appendix 12
Slide 13: Key Definitions
KEY DEFINITIONS EBITDA and Adjusted EBITDA We define "EBITDA" as net income adjusted to exclude interest expense, net, income taxes, depreciation and amortization. "Adjusted EBITDA" further excludes certain non-cash expenses and non-recurring items. Adjusted EBITDA Margin We define “Adjusted EBITDA
Slide 14: Key Definitions, Continued
KEY DEFINITIONS, Continued Net Debt We define “Net Debt” as total long-term debt (including current portion of long-term debt) excluding original issue discounts and unamortized deferred financing costs, less cash and cash equivalents. Net Leverage We define “Net Leverage” as Net Debt divided by the
Slide 15: Verra Mobility Quarterly Results
Verra Mobility Quarterly Results 2023 – Q2 2025 Full Year Full Year ($ in millions) 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 2024 Q1 2025 Q2 2025 Service revenue $783.6 $202.7 $212.0 $217.3 $209.7 $841.7 $211.9 $223.5 Product sales 33.7 7.0 10.4 8.3 11.8 37.5 11.4 $12.5 Total revenue $817.3 $209.7 $222.
Slide 16: Verra Mobility Quarterly Results: Segment Results of Operations
Verra Mobility Quarterly Results Segment Results of Operations Commercial Services Unaudited ($ in millions) Full Year Full Year Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 2023 2024 Total Revenue Commercial Services $85.6 $94.5 $98.1 $94.5 $372.8 $95.9 $104.0 $10
Slide 17: Adj. Net Income and Adjusted EPS Reconciliations
Verra Mobility Adj. Net Income and Adjusted EPS Reconciliations (in $MM, except per share data) Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Net Income $34.2 $34.7 ($66.7) $32.3 $38.6 Amortization of intangibles 16.7 16.8 16.7 16.7 16.4 Transaction and other related expenses 0.1 2.5 1.2 - 1.1 Transformat
Slide 18: Free Cash Flow Reconciliation, incl. % of Adj. EBITDA
Verra Mobility Free Cash Flow Reconciliation, incl. % of Adj. EBITDA Q2 Q2 2025 ($MM) 2021 2022 2023 2024 2025 TTM Net cash provided by operating $ 193 $ 218 $206 $224 $75 $287 activities Purchases of installation and service parts and property and equipment (25) (48) (57) (71) (35) (99) Free Cash F
Slide 19: Net Debt and Net Leverage Reconciliation
Verra Mobility Net Debt and Net Leverage Reconciliation Q2 Q3 Q4 Q1 Q2 ($MM) 2024 2024 2024 2025 2025 2021 Term Loan, due 2028 $ 700 $700 $696 $693 $691 Plus: Senior Notes, due 2029 $ 350 $350 $350 $350 $350 Long-term Debt, excluding original issue discounts and unamortized $1,050 $1050 $1,046 $1,04
Slide 20: Thank You
Thank You http://ir.verramobility.com/