Verra Mobility : November 2022 Investor Presentation

Investor Overview

Verra Mobility Q3 2022 Investor Presentation

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," "seek," "target," "anticipate," "believe," "expect," "estimate," "plan," "outlook," and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements include projected financial information.

Such forward-looking statements with respect to revenues, earnings, performance, strategies, prospects and other aspects of the business of Verra Mobility Corporation and its subsidiaries

(collectively, "Verra Mobility" or the "Company") are based on current expectations and judgements of the Company as of the date of this release. The Company disclaims any intent or

obligation to update forward-looking statements hereafter. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including but not limited to (1) the impacts on our operations and business resulting from our delayed 2021 Form 10-K filing (2) the disruption to our business and results of operations as a result of the COVID-19 pandemic; (3) the impact of the COVID-19 pandemic on our revenues from key customers in the rental car industry and from photo enforcement programs; (4) the benefits of the Company's stock repurchase program and intentions to reduce its net leverage and available debt management opportunities; (5) customer concentration in our Commercial Services and Government Solutions segments; (6) decreases in the prevalence of automated photo enforcement or the use of tolling; (7) risks and uncertainties related to our government contracts, including but not limited to administrative hurdles, legislative changes, termination rights, audits and investigations; (8) decreased interest in outsourcing from our customers; (9) our ability to properly perform under our contracts and otherwise satisfy our customers; (10) our ability to compete in a highly competitive and rapidly evolving market; (11) our ability to keep up with technological developments and changing customer preferences; (12) the success of our new products and changes to existing products and services; (13) our ability to successfully integrate our recent or future acquisitions; (14) failures in or breaches of our networks or systems, including as a result of cyber-attacks; and (15) other risks and uncertainties indicated from time to time in documents filed or to be filed with the Securities and Exchange Commission (the "SEC") by Verra Mobility. These risks, uncertainties and other factors are further described under "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations" and elsewhere in the documents filed with the SEC from time to time.

You are cautioned not to place undue reliance upon any forward-looking statements, including the projections, which speak only as of the date made. Verra Mobility does not undertake any commitment to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Use of Non-GAAP Financial Measures

This presentation includes non-GAAP financial measures, including earnings before interest, taxes, depreciation and amortization ("EBITDA"), Free Cash Flow and Free Cash Flow Conversion. Free Cash Flow is defined as cash flows from operating activities minus capital expenditures, and Free Cash Flow Conversion is defined as Free Cash Flow divided by Adjusted EBITDA. These non-GAAP financial measures may be determined or calculated differently by other companies. As a result, they may not be comparable to similarly titled performance measures presented by other companies. Reconciliations of these non-GAAP measurements to the most directly comparable GAAP financial measurements have been provided

elsewhere in this presentation.

Verra Mobility uses these non-GAAP financial metrics to measure its performance from period to period both at the consolidated level as well as within its operating segments, to evaluate and fund incentive compensation programs and to compare its results to those of its competitors. In addition, the Company also believes that these non-GAAP measures provide useful information to investors regarding financial and business trends related to the Company's results of operations and that when non-GAAP financial information is viewed with GAAP financial information, investors are provided with a more meaningful understanding of the Company's ongoing operating performance. These non-GAAP measures have certain limitations as analytical tools and should not be used as substitutes for net income, cash flows from operations, earnings per share or other consolidated income or cash flow data prepared in accordance with GAAP.

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Verra Mobility At-a-Glance

1 2 3 4

TTM 3Q22 Key Metrics

Total Revenue1	Re-occurring Revenue2
$726M			91%

Adj EBITDA1	Adj. EBITDA Margin
$335M			46%

Free Cash Flow1		FCF/AEBITDA Conversion3
$167M			50%

~1,500

Employees Globally

~2,400

Customers Served Globally

Commercial Services

#1 Provider

of toll management to rental car companies ("RAC") and fleet management companies ("FMC") in North America

Government Solutions

#1 Provider

of road safety cameras in the world, partnering with ~300 jurisdictions and school districts

Parking Solutions (T2 Systems)

#1 Provider

of parking solutions to large universities in North America, serving ~2,000 customers with end-to-end solutions

Market-leading financial profile across a range of attractive markets

1	Based on historical financials	3
2	Based on company analysis
3	Represents Free Cash Flow divided by Adj. EBITDA for TTM 3Q22

Positioned for Continued Growth & Profitability

Commercial Services

Government Solutions

Parking Solutions

(~43%1)

(~46%1)

(~11%1)

Business

Segment

Market leader in toll and violation

Industry leader in automated traffic

Leading technology provider of end-to-end

parking management solutions in North

management for commercial fleets

enforcement for cities and school districts

America

L/T Core

Revenue

HSD

MSD

HSD

Growth

Historical

Srvc Revenue CAGR

TTM Adj.

Srvc Revenue CAGR

TTM Adj.

Cumulative Revenue

Cumulative Adj.

EBITDA Margin

Key

2018-3Q22 TTM

EBITDA Margin

2018-3Q22 TTM

EBITDA Margin

post-closing2

post-closing2

Financials

10%

64%

21%

35%

$66M

20%

Transit

School

Toll

Violation

Title &

Speed

Bus Stop-

Red-Light

Bus Lane

SaaS

Services

Hardware

Services

Processing

Registration

Safety

Arm

Safety

Core

Enforce

Safety

Products and

Solutions

High quality businesses with market leadership positions &

differentiated solutions

1 Based on expected FY 2022 results.	4
2 Cumulative results as of 2021 closing date - December 7th, 2021

Large, Growing and Attractive Markets

Key End Markets

Verra Mobility

Value Proposition

Verra Mobility

Business Segments

Key Benefits to Customers

Connected Fleet Solutions

Fleet	Telematics	Vehicle
Administration		Payments

Tech-enabled solutions for fleets (e.g., rental), increasing efficiency of processes (e.g., payments, registration) and optimizing asset utilization (e.g., location tracking)

Commercial Services

• Maximize fleet utilization
• Simplify payments
• Enhance driver safety and compliance

Urban Mobility

Traffic	Parking & Curbside	Road Usage
Management	Management	Charging

Solutions that enable government agencies to

maximize new revenue sources and achieve safety and sustainability targets while increasing efficiency for use of existing infrastructure

Government Solutions

Parking Solutions

• Reduce congestion and carbon emissions
• Increase traffic flow and safety
• Maximize revenue and driver compliance

Business segments well-positioned to expand into attractive market adjacencies

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