Financial Data and Key Metrics Changes - First quarter 2023 adjusted earnings per share were $0.58, down from $0.60 in the same quarter last year, primarily due to higher interest rates and increased depreciation and amortization from capital investments [9] - Free cash flow for Q1 2023 was $300,000, significantly lower than $23.8 million in Q1 2022, which benefited from a federal income tax refund of $20.5 million [9] - The company expects full-year 2023 adjusted gross profit to range from $240 million to $260 million, representing an 11% increase from 2022 at the midpoint [10] Business Line Data and Key Metrics Changes - The Aviation segment gross profit increased by 11% as travel activity rose, with more travelers driving to airports rather than using rideshares or taxis [12] - Adjusted gross profit for Q1 2023, excluding certain costs, increased by 14% year-over-year to $58.4 million, driven by growth at same locations and new business wins [23] - The Commercial segment added 120 new locations, with 42% of these being deployments of stand-alone Sphere technology solutions without on-site management [119][129] Market Data and Key Metrics Changes - The company processed 4 million transactions in Q1 2023 on SP Plus enabled technology platforms, up more than 20% from Q4 2022 [13] - The level of proposal activity for parking management solutions and luggage handling services is stronger than in recent memory, indicating robust market demand [118] Company Strategy and Development Direction - The company is focused on leveraging technology to drive growth, with expectations for gross profit growth in the high single digits beyond 2023 [18][32] - Investments in technology are expected to double their contribution to gross profit in 2023 compared to 2022, aiming for over 10% contribution by 2025 [121] - The AeroParker acquisition has opened up international markets and increased the number of airports serviced, enhancing the company's competitive edge [119][125] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving full-year guidance and noted a shift towards less seasonality in gross profit, with expectations for stronger performance in the second half of the year [15][70] - The company anticipates continued strong demand in the office building sector as hybrid work models become the norm, driving demand for parking services [96][106] Other Important Information - The company maintains a location retention rate of 93%, considered the best in the industry, and added 71 net new locations in the Commercial segment in Q1 [129] - Adjusted G&A expenses for Q1 2023 were $29.3 million, up from $24.4 million in Q1 2022, reflecting investments to support accelerated growth [122] Q&A Session Summary Question: Update on location count for gateless and gated solutions - Management did not provide a specific breakout between gated and gateless solutions but confirmed the addition of 120 new locations in the Commercial segment [3] Question: Expectations for gross profit contribution and seasonality - Management expects gross profit to improve sequentially throughout the year, indicating a shift from traditional seasonal trends [26][70] Question: Success with AeroParker acquisition - Early success has been noted with AeroParker, with several airports adopting the technology, indicating strong demand for the solution [28][125] Question: Insights on new business wins and market trends - Management expressed optimism about new business wins, particularly in retail, mixed-use, and hospitality sectors, and noted a strong pipeline for future growth [34][92] Question: Acquisition appetite and competitive dynamics - The company remains open to acquisitions, particularly in technology, and is evaluating opportunities in the marketplace [91][94]

WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents For the quarterly period ended March 31, 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to (Exact Name of Registrant as Specified in Its Charter) Incorporation or Organization) Delaware 16-1171179 (State or Other Jurisdiction of (I.R.S. Em ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 000-50796 SP PLUS CORPORATION (Exact Name of Registrant as Specified in Its Charter) Incorporation or Organization) 200 E. Randolph Street, Suite 7 ...

Making Every Moment Matter Financial Information Use of Non-GAAP Financial Measures Investor Presentation | Feb-2023 Update | 2 Recent Awards and Recognitions Named to the Forbes' 2023 Best Small Companies list SP Plus Corporation Investor Presentation Cautionary Note Regarding Forward-Looking Statements and Non-GAAP This presentation contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including expectations regarding 2023 outlook, gross profits, G&A, reve ...

Switching to cash flow, full year 2022 cash flow increased 64% year-over-year. As a reminder, 2022 free cash flow benefited from a $20.5 million U.S. federal income tax refund, which offset higher capital expenditures compared to the prior year. We expect adjusted EBITDA to be $125 million to $135 million also 11% ahead of 2022 at the midpoint and for adjusted EPS, we expect a range of $2.70 per share to $3.20 per share, approximately 6% above 2022 levels at the midpoint. In terms of interest rates and corr ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 000-50796 SP Plus Corporation (Exact Name of Registrant as Specified in Its Charter) Incorporation or Organization) Delaware ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 000-50796 SP Plus Corporation Securities registered pursuant to Section 12(b) of the Act: | Title of each class | Trading Sy ...

UNITED STATES Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 000-50796 SP PLUS CORPORATION SECURITIES AND EXCHANGE COMMISSION (Exact Name of Registrant as Specified in Its Charter) Incorporation or Organization) Delaware 16-1171179 (State or O ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 000-50796 SP Plus Corporation Incorporation or Organization) (Exact Name of Registrant as Specified in Its Charter) Dela ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 000-50796 SP Plus Corporation (Exact Name of Registrant as Specified in Its Charter) Incorporation or Organization) Delaware ...