FY23 results reflect higher transportation revenues and higher international revenues
Focus on Debt Reduction
Reduced net debt by approximately $197 million in 2023, bringing total net debt to $1.78 billion
Goal of reducing net debt by approximately $175 million - $200 million per year
Attractive Equity Valuation
Attractive equity valuation compared to peer group and similar diversified services companies.
GEO stock currently trading at approximately 6.5x Enterprise Value to Adjusted EBITDA and at approximately 12% Free Cash Flow Yield
2
Financial Highlights
Revenues($ in millions)
Net Income($ in millions)
$3,000
$200
$171.7
$2,256.6
$2,376.7
$2,413.2
$2,425 .0
$2,500
$150
$117.5
$2,000
$107.2
$100
$1,500
$77.2
$1,000
$50
$500
$-
$-
2021
2022
2023
2024E
2021
2022
2023
2024E
Adjusted EBITDA($ in millions)
$600
$539.2
$507.2
$500
$500 .0
$467.0
$400
$300
$200
2021
2022
2023
2024E
3
* 2024E Based on Mid-point of FY2024 Financial Guidance issued on February 15, 2024
Company Overview
4
Company History
Founded in 1984
Initial Public Offering (IPO) in 1994
Listed on NYSE in 1996
Included in Major Indexes:
S&P 600
Russell 2000
18,000+ Employees
5
Diversified Government Service Provider
Secure Residential Care
ICE Processing Centers
USMS Detention Facilities
State Correctional and Rehabilitation Facilities
Non-SecureResidential Care
Residential Reentry Centers/Halfway Houses
Non-ResidentialServices
Day Reporting Centers Electronic Monitoring
Services provided in US, Australia, UK, and South Africa
6
Diversified U.S. Facility Footprint
48 GEO Secure Services Facilities
40 GEO Care Residential Facilities
8 Leased/Not Managed Facilities
8
International Services
4 International Facilities
9
GEO is a Leading Diversified Services Provider
GEO is a leading provider of diversified secure and
community reentry services with a 40% share of the market
Bed
Capacity
100,000
80,000
60,000
40,000
20,000
0
81,000
40%
57,000
GEO
78,500
38%
70,200
27,000
14%
17,000
1,000
8%
CoreCivic
MTC
All Others
Owned/Leased
Managed Only
* Based on total beds including idle and under development for U.S. headquartered companies only
10
Figures are an approximation based on company disclosures and websites
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Disclaimer
The GEO Group Inc. published this content on
12 March 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
12 March 2024 11:03:02 UTC.
The GEO Group, Inc. is a diversified government service provider. It is specialized in designing, financing, development and support services for facilities, processing centers and community reentry centers. Its worldwide operations include the ownership and/or delivery of support services for 100 facilities totaling approximately 81,000 beds, including idle facilities and projects under development, with a workforce of up to approximately 18,000 employees. Its U.S. Secure Services segment primarily encompasses its United States-based public-private partnership secure services business. Its Electronic Monitoring and Supervision Services segment conducts its services in the United States, and consists of its electronic monitoring and supervision services. Its Reentry Services segment consists of various community-based and reentry services. Its International Services segment primarily consists of its public-private partnership secure services operations in Australia and South Africa.
THE GEO GROUP, INC. 
