Slide 1: Verra Mobility Q1 Earnings Presentation
Earnings Overview Verra Mobility Q1 Earnings Presentation For the Quarter Ended March 31, 2022
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: Key Highlights
EXECUTIVE SUMMARY Key Highlights • Attractive macro trends driving strong growth in Commercial Services • Q1 2022 results represent 17% revenue growth over Q1 2019 • Strong top-line performance across all business segments Q1 2022 Total Revenue • Commercial Services – 61% Y-o-Y growth Providing miss
Slide 4: Consolidated Q1 Results
CONSOLIDATED Q1 RESULTS For the Quarter Ended March 31, 2022 Revenue & YoY Growth Q1 Revenue Mix by Business Segment Revenue • Total Revenue growth of 90% year over year; of which, 48% was organic growth 70% • Organic service revenue growth was 67% 45% as shown in the table below 61% 19% (24%) (11%)
Slide 5: Q1 Results by Segment – Commercial Services
Q1 RESULTS BY SEGMENT – COMMERCIAL SERVICES For the Quarter Ended March 31, 2022 Revenue & YoY Growth Revenue • Revenue growth of 61% driven by increased demand for travel in the U.S. and the resulting increase in demand for rental cars 75% 48% • Key performance indicators – electronic tolling, toll
Slide 6: Q1 Results by Segment – Government Solutions
Q1 RESULTS BY SEGMENT – GOVERNMENT SOLUTIONS For the Quarter Ended March 31, 2022 Revenue & YoY Growth Revenue • Strong revenue performance 77% • Organic service revenue growth (28% year-over-year) 61% attributable to NYC photo enforcement expansion efforts 18% 55% 27% 4% 17% Q1-2022 (20%) ($ in Mil
Slide 7: Q1 Results by Segment – Parking Solutions
Q1 RESULTS BY SEGMENT – PARKING SOLUTIONS For the Quarter Ended March 31, 2022 Parking Solutions Revenue (1) Revenue • Revenue performance in-line with expectations Q4-2021 Q1-2022 • Revenue includes $14M in service revenue and about $4M in product revenue ($ in Millions) • T2 Systems expected to dr
Slide 8: Consolidated Q1 Results
CONSOLIDATED Q1 RESULTS For the Quarter Ended March 31, 2022 Adjusted EPS • Strong adjusted EPS growth driven by organic growth and Redflex and T2 Systems Adjusted Earnings Per Share Net Debt & Leverage acquisitions Cash Flow from Operations • Generated cash flow from operations of $31 million • Wor
Slide 9: Guidance Overview
GUIDANCE OVERVIEW Expecting to deliver results at the high-end of the ranges for Revenue and Adjusted EBITDA Service Revenue – At High-End of Range 2022 Full Year • YoY Service Revenue growth of 32% including T2 Systems and Low High Mid Redflex Product Revenue Service Revenue $635 $652 $643 • Modest
Slide 10: Appendix
APPENDIX Confidential & Proprietary 10
Slide 11: Verra Mobility Quarterly Results
VERRA MOBILITY QUARTERLY RESULTS 2020 - 2022 Unaudited ($ in millions) Full Year 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Full Year 2021 Q1 2022 Service revenue $336.3 $89.8 $116.4 $141.8 $144.8 $492.8 $161.1 Product sales 57.3 0.1 12.2 20.3 25.1 57.7 9.3 Total revenue $393.6 $89.9 $128.7 $162.1 $170.0
Slide 12: Segment Results of Operations
SEGMENT RESULTS OF OPERATIONS 2020 - 2022 Commercial Services Unaudited ($ in millions) Full Year 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Full Year 2021 Q1 2022 Segment Total Revenue Commercial Services $180.9 $45.7 $66.5 $77.3 $71.5 $260.9 $73.5 Segment Adj EBITDA Commercial Services $97.2 $22.6 $42.8
Slide 13: Thank You
Thank You http://ir.verramobility.com/ Confidential & Proprietary 13