Slide 1: Investor Overview
Investor Overview Verra Mobility Q4 Investor Presentation For the Quarter Ended December 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: Who We Are
VERRA MOBILITY Who We Are SAFE. SMART. CONNECTED. A global leader in smart transportation, we work alongside our customers to relentlessly develop customized technology solutions to solve complex transportation challenges. Building safer cities Enabling smarter roadways Developing more by installing
Slide 4: We Operate in Three Business Segments
WE OPERATE IN THREE BUSINESS SEGMENTS Who We Are Business Unit Business Model What we do Who we serve The Commercial Services segment generates ▪ Rental Car Companies revenue by providing fully outsourced tolling (RACs) Commercial Services and violations management and title and ▪ Fleet Management r
Slide 5: Commercial Services
COMMERCIAL SERVICES Providing tolling, violation management and title/registration services Toll Management Violations Title and Registration Rental fleet toll collection and Manage toll, parking and photo Rental car and commercial fleet title management, reducing in-house enforcement violations for
Slide 6: Government Solutions
GOVERNMENT SOLUTIONS Increasing road safety by changing driver behavior Red-Light Safety Speed Safety Stop-Arm Safety Bus Lane Cameras Cameras Cameras Cameras Capture and process Capture and process Capture and process Capture and process images and video of images and video of images and video of i
Slide 7: Why Invest in Verra Mobility?
WHY INVEST IN VERRA MOBILITY? Leadership, business model and strong financial performance A market leader with highly differentiated platforms ▪ Leading provider of road safety cameras in the U.S. ▪ Leading provider of toll and violation management to rental car and fleet management companies in U.S
Slide 8: Proven Financial Performance
PROVEN FINANCIAL PERFORMANCE Strong revenue and profitability create beneficial cash flow Revenue Adj EBITDA & Margins Strategy Verra Mobility generates a substantial amount of free cash flow Investing that cash flow back into the company for growth is an important part of our strategy We build orga
Slide 9: Future Growth
FUTURE GROWTH Verra Mobility has multiple levers for sustained growth 1 Further migration to cashless and all-electronic tolling Benefit from Strong Industry Tailwind Intensified public attention given to traffic safety issues for drivers, pedestrians, bicyclists and law enforcement 2 Leverage exist
Slide 10: M&A Principles
M&A PRINCIPLES Evaluation Criteria 1 Strategic Fit 4 Programmatic Process • Develop a robust and replicable process to identify, execute, and • Connect all activities to Verra Mobility’s strategy integrate firms into Verra Mobility • Find opportunities where Verra Mobility’s and the target’s assets,
Slide 11: Appendix
APPENDIX Confidential & Proprietary 11
Slide 12: Verra Mobility Quarterly Results
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 $492.8 Product sales 17.2 17.0 13.9 9.2 57.3 0.1 12.2 20.3 25
Slide 13: Segment Results of Operations
SEGMENT RESULTS OF OPERATIONS 2020 - 2021 Commercial Services Unaudited ($ 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 $260.9 Segment Adj EB
Slide 14: Verra Mobility Adj. Pro Forma Revenue Reconciliation
VERRA MOBILITY ADJ. PRO FORMA REVENUE RECONCILIATION 2017 - 2018 Verra Mobility Unaudited ($ in millions) 2017 2018 * Verra Mobility (Pre-HTA, Pre-EPC) Adj. Revenue $232.4 $370.1 HTA Adj. Revenue 103.7 15.8 EPC Reported Revenue 12.6 3.0 Verra Mobility Adj. Pro Forma Revenue $348.7 $388.9 * Note: Fis
Slide 15: Verra Mobility Adj. Pro Forma Revenue Reconciliation
VERRA MOBILITY ADJ. PRO FORMA REVENUE RECONCILIATION 2017 - 2018 Unaudited ($ in millions) 2017 2018 Verra Mobility (Pre-HTA, Pre-EPC) Reported Services Revenue $228.2 $365.1 Adjustments: Non-cash Amortization of Contract Incentive 0.3 0.0 Sunshine State Tag Agency, Inc. Pre-acquisition Results 0.0
Slide 16: Verra Mobility Adj. Pro Forma EBITDA Reconciliation
VERRA MOBILITY ADJ. PRO FORMA EBITDA RECONCILIATION 2017 - 2018 Verra Mobility Unaudited ($ in millions) 2017 2018 * Verra Mobility (Pre-HTA, Pre-EPC) Adj. EBITDA $97.9 $197.6 HTA Adj. EBITDA 80.9 10.7 EPC Adj. EBITDA 5.0 1.2 Verra Mobility Adj. Pro Forma EBITDA $183.8 $209.5 * Note: Fiscal year end
Slide 17: Verra Mobility (Pre-HTA, Pre-EPC) Adj. EBITDA Reconciliation
VERRA MOBILITY (PRE-HTA, PRE-EPC) ADJ. EBITDA RECONCILIATION 2017 - 2018 Verra Mobility (Pre-HTA, Pre-EPC) Unaudited ($ in millions) 2017 2018 Net Income $19.5 ($58.4) Definitional Adjustments: Depreciation and amortization 45.7 103.3 Interest expense, net 21.7 69.6 Income taxes (29.4) (16.2) Total
Slide 18: HTA and EPC Adj. EBITDA Reconciliation
HTA AND EPC ADJ. EBITDA RECONCILIATION 2017 HTA EPC Unaudited ($ in millions) 2017 Unaudited ($ in millions) 2017 Net Income $67.6 Net Income $3.6 Definitional Adjustments: Definitional Adjustments: Depreciation and amortization 2.1 Depreciation and amortization 0.0 Interest expense, net 0.1 Income
Slide 19: Thank You
Thank You http://ir.verramobility.com/ Confidential & Proprietary 19