Supplemental Information

Fourth Quarter and Full Year 2021

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 information, except as required by law. GEO's future financial performance is subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect GEO's future financial results are discussed more fully in our reports on Form 10-K, Form 10-Q, and Form 8-K filed with the Securities and Exchange Commission ("SEC"). Readers are advised to refer to these reports for additional information concerning GEO.

The results presented herein are shown as of December 31, 2021.

The GEO Group, Inc.

4955 Technology Way

Boca Raton, Florida 33431

Phone: 866-301-4436

1

www.geogroup.com

Company Profile

3

Financial Summary - 1

4

Financial Summary - 2

5

Condensed Consolidated Balance Sheets

6

Condensed Consolidated Statement of Operations

7

Reconciliation of Net Income Attributable to GEO to FFO, Normalized FFO and AFFO

8

Reconciliation of Net Income Attributable to GEO to Net Operating Income (NOI), EBITDAre and Adjusted EBITDAre

9

Global Operations Profile

10

Portfolio Operating Metrics

11

Customer Data

12

Property and Equipment

13

Capital Expenditures

14

Debt Maturity Schedule

15

Outstanding Debt

16

Acquisitions/Dispositions

17

Idle Facilities

18

Property List

19-23

Definitions

24

2

www.geogroup.com

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 United Kingdom. GEO's diversified services include enhanced in‐custody rehabilitation and post‐release support through the award‐winning GEO Continuum of Care®, secure transportation, electronic monitoring, community‐based programs, and correctional health and mental health care. GEO's worldwide operations include the ownership and/or delivery of support services for 106 facilities totaling approximately 86,000 beds, including idle facilities and projects under development, with a workforce of up to approximately 18,000 employees.

GEO's mission is to develop innovative public‐private partnerships with government agencies around the globe that deliver high quality, cost‐efficient solutions while providing enhanced rehabilitation and community reintegration programs to the men and women entrusted to GEO's care.

2022 Guidance Summary *

Low-End

Mid-Point

High-End

Revenue

$

2,160,000

$

2,170,000

$

2,180,000

Adjusted EBITDA

$

422,000

$

430,000

$

438,000

Net Income Attributable to GEO/Diluted Share

$

0.99

$

1.03

$

1.07

AFFO/Diluted Share

$

2.05

$

2.09

$

2.13

Growth

$4,000 to $5,000

Technology

$41,000 to $42,000

Facility Maintenance

$31,000 to $32,000

Capital Expenditures

$76,000 to $79,000

3

www.geogroup.com

Financial Summary

Company Profile

Q4 2021

(unaudited)

Market Capitalization * **

$

949,153

$

Share Price **

$

7.75

$

Revenues *

$

$

Owned and Leased: Secure Services

278,347

Owned and Leased: Reentry Services

38,623

Owned and Leased: Youth Services

441

Managed Only & Construction

138,780

Electronic Monitoring and Supervision Services

79,146

Non-Residential Services and Other

22,202

$

557,539

$

Net Operating Income (NOI) *

Owned and Leased: Secure Services

$

86,488

$

Owned and Leased: Reentry Services

12,522

Owned and Leased: Youth Services

(1,179)

Managed Only & Construction

20,882

Electronic Monitoring and Supervision Services

45,188

Non-Residential Services and Other

3,951

$

167,852

$

Adjusted EBITDAre *

$

124,054

$

FFO & AFFO *

$

$

AFFO per diluted share

0.65

Funds From Operations (NAREIT)

$

(31,553)

$

Funds From Operations (Normalized)

$

62,988

$

Adjusted Funds From Operations

$

78,350

$

Dividends per share

$

$

Capital Expenditures * **

$

$

Growth

6,058

Maintenance

4,812

Facility Improvements

856

$

11,726

$

  • Figures in '000s, except per share data

** As of quarter-end or year-to-date as applicable

Q4 2020

FY 2021

FY 2020

(unaudited)

(unaudited)

(unaudited)

1,074,879

$

949,153

$

1,074,879

8.86

$

7.75

$

8.86

298,103

$

1,127,688

$

1,198,880

34,654

150,887

145,492

16,764

33,920

75,792

147,519

578,812

605,390

60,146

278,934

241,944

20,930

86,371

82,600

578,116

$

2,256,612

$

2,350,098

85,071

$

339,924

$

351,357

8,267

53,442

31,660

1,965

(2,484)

5,627

19,480

77,490

68,777

31,648

157,492

129,100

4,630

15,349

15,266

151,061

$

641,213

$

601,787

107,950

$

466,964

$

439,762

0.62

$

2.48

$

2.51

36,111

$

142,984

$

193,522

57,772

$

234,186

$

229,268

74,596

$

299,261

$

300,613

0.34

$

0.25

$

1.78

16,650

$

49,063

$

73,085

4,684

16,769

19,729

1,277

1,319

10,509

22,611

$

67,151

$

103,323

4

www.geogroup.com

Financial Summary

Q4 2021

Q4 2020

FY 2021

FY 2020

Portfolio **

Owned and Leased: Secure Services

32

38

32

38

Owned and Leased: Reentry Services

36

36

36

36

Owned and Leased: Youth Services (4)

6

8

6

8

Managed only

20

25

20

25

94

107

94

107

Owned and Leased: Secure Services *

**

Revenue Producing Beds

40,583

44,214

40,583

44,214

Occupancy

85%

87%

84%

87%

Compensated Mandays

3,031,016

3,521,926

11,939,478

13,999,128

Square Feet

6,700,735

8,300,938

6,700,735

8,300,938

Available beds at active facilities

-

142

-

142

Idle Facilities:

Design Capacity

- Beds

9,812

1,290

9,812

1,290

Square Feet

1,662,549

208,419

1,662,549

208,419

Owned and Leased: Reentry Services * **

Revenue Producing Beds

7,739

7,621

7,739

7,621

Occupancy

49%

48%

53%

57%

Compensated Mandays

347,033

336,582

1,490,360

1,576,507

Square Feet

1,156,264

1,140,678

1,156,264

1,140,678

Available beds at active facilities

490

490

490

490

Idle Facilities:

Design Capacity

- Beds

1,388

1,869

1,388

1,869

Square Feet

267,720

284,600

267,720

284,600

Owned and Leased: Youth Services (4) * **

Revenue Producing Beds

-

1,024

-

1,024

Occupancy

-

48%

-

53%

Compensated Mandays

-

45,067

-

200,315

Square Feet

-

627,229

-

627,229

Idle Facilities:

Design Capacity

- Beds

-

175

-

175

Square Feet

-

84,053

-

84,053

Managed Only * **

Revenue Producing Beds

25,573

28,727

25,573

28,727

Occupancy

97%

94%

96%

96%

Compensated Mandays

2,272,794

2,492,261

8,983,721

9,973,121

Square Feet

7,745,713

8,453,675

7,745,713

8,453,675

U.S.

4,400,405

4,984,260

4,400,405

4,984,260

International

3,345,308

3,469,415

3,345,308

3,469,415

Non-Residential Units *** ****

Day Reporting Centers (1)

630,141

596,085

2,392,977

1,789,956

Youth (2) (4)

-

38,093

67,812

165,612

Electronic Monitoring and Supervision Services (3)

26,699,633

21,321,788

94,496,721

82,633,551

    • For the periods reported, includes Reeves County Detention Center III, for which GEO has a management consulting agreement with Reeves County, Texas; and the expansion beds at Junee Correctional Centre and Fulham Correctional Centre.
  • Revenue producing beds, occupancy and compensated mandays exclude idle facilities and projects under activation/construction.
  • Non-ResidentialUnits presented in the table are calculated based on number of days within the period multiplied by number of units.
  • Excluding In-Prison treatment participants.
  1. Reentry Services Non-Residential Units include home confinement populations and day reporting center participants
  2. Youth Non-Residential Units include education, counseling, and other outpatient services.
  3. Electronic Monitoring and Supervision Services Non-Residential Units include electronic monitoring services and Intensive Supervision and Appearance Program ("ISAP") participants.
  4. GEO Divested its Youth Services business effective July 1, 2021.

5

www.geogroup.com

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The GEO Group Inc. published this content on 17 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 February 2022 11:16:17 UTC.