ECRERT VECTRUS FIRST QUARTER 2021 RESULTS CHUCK PROW – PRESIDENT AND CHIEF EXECUTIVE OFFICER SUSAN LYNCH – SENIOR VICE PRESIDENT AND CHIEF FINANCIAL OFFICER MAY 11, 2021 Safe Harbor Statement SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 (THE "ACT"): CERTAIN MATERIAL PRESENTED HEREIN INCLUDES FORWARD-LOOKING STATEMENTS INTENDED TO QUALIFY FOR THE SAFE HARBOR FROM LIABILITY ESTABLISHED BY THE ACT. THESE FORWARDLOOKING STATEMENTS INCLUDE, BUT ARE NOT LIMITED TO, ALL OF THE S ...

Financial Data and Key Metrics Changes - For Q4 2020, the company reported revenue of $355 million, with adjusted diluted EPS of $1.18, impacted by $26 million due to COVID-related restrictions [11][12] - Full-year revenue was approximately $1.4 billion, up 1% year-over-year, despite a $63 million headwind from COVID, with adjusted EBITDA margin at 4% [12][49] - The company generated $26 million in cash from operations in Q4, with a net income conversion rate of 140% [10][53] Business Line Data and Key Metrics Changes - The backlog increased to $5.1 billion, up 84% year-over-year, driven by the $882 million recompete win of the OMDAC-SWACA contract [13][52] - Navy revenue increased by 22% year-over-year, with notable contract wins including a $210 million contract for base operations support in Bahrain [27] Market Data and Key Metrics Changes - The new business pipeline exceeded $11 billion, a significant increase from $7.5 billion in 2016, indicating growth in federal, non-federal, and international client bases [29] - The company’s funded backlog was approximately $850 million, compared to $707 million last year, reflecting strong demand [52] Company Strategy and Development Direction - The company aims to be a leader in the converged infrastructure market, focusing on transforming operations to a more instrumented and predictive approach [15][21] - Recent acquisitions, including Zenetex and HHB, are expected to enhance capabilities and expand the client base, particularly in the intelligence community [36][41] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving strong top and bottom line results in 2021, with revenue growth expected between 20% and 23% [14][56] - The company anticipates challenges from COVID-19 but remains optimistic about transitioning to full operations on LOGCAP V [56][62] Other Important Information - The company expanded its credit facility to $270 million, indicating a strong financial position [55] - Adjusted diluted EPS guidance for 2021 is projected between $3.48 and $4.08, representing a 23% growth rate at the midpoint [61] Q&A Session Summary Question: Revenue guidance and growth rate expectations - Management indicated that the revenue guidance is conservative due to uncertainties related to COVID and the transition to CENTCOM operations, with potential headwinds of $120 million to $160 million [67][70] Question: DoD budget impacts - Management noted no surprises in the budget, with continued focus on the INDOPACOM region by the new administration [77] Question: Smart warehouse and 5G market potential - Management highlighted the importance of converged infrastructure and the expected increase in demand for technology integration in operations [78][79] Question: LOGCAP revenue opportunities - Management expects year-over-year increases in revenue from CENTCOM and INDOPACOM, with more clarity on LOGCAP revenue projections expected later in the year [82][84] Question: Margin expectations for 2021 - Management discussed the impact of program transitions on margins, indicating a wider range for guidance due to various factors including COVID [86] Question: Long-term growth targets - Management expressed confidence in achieving long-term growth targets, emphasizing the importance of continued investment in both organic and inorganic strategies [88][92]

SPROPI | --- | --- | --- | |---------------|-----------------------------------------------------------------|-----------------------------------------| | | | | | | VECTRUS | | | | | | | | | | | | | FOURTH QUARTER & FULL YEAR 2020 RESULTS | | | | | | | | | | CHUCK PROW – | PRESIDENT AND CHIEF EXECUTIVE OFFICER | | | SUSAN LYNCH – | SENIOR VICE PRESIDENT AND CHIEF FINANCIAL OFFICER MARCH 2, 2021 | | Safe Harbor Statement SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 (THE "A ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 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: 001-36341 Vectrus, Inc. (Exact name of registrant as specified in its charter) Indiana 38-3924636 (State or other jurisdiction of incorp ...

Financial Data and Key Metrics Changes - Third quarter revenue was $352.4 million, down 2.1% year-over-year, impacted by approximately $12.9 million in revenue delays due to COVID-19 [27][28] - Adjusted EBITDA margin was 4.8%, representing the second highest margin rate in the past 10 quarters, despite an estimated 40 basis points impact from COVID-19 [28] - Adjusted diluted EPS was $0.89, which was $0.18 higher than the same period last year, but adversely impacted by an estimated $0.14 from COVID-19 deferrals [29] Business Line Data and Key Metrics Changes - The OMDAC program contributed $158 million of revenue during the first nine months of the year and has been extended through the end of February next year [30] - Total backlog was $3.7 billion, with a trailing 12-month book-to-bill ratio of 1.5 times [30] Market Data and Key Metrics Changes - The company reported a strong pipeline of new opportunities, with $1.7 billion of submitted bids and $8.3 billion of qualified opportunities planned for bidding in the next 12 months [22] - Over 90% of the work performed is funded from the DoD's Operations & Maintenance funding source, which has shown resilience through various economic cycles [24][25] Company Strategy and Development Direction - The company aims to achieve $2.5 billion in revenue by 2023 and a 7% EBITDA margin, focusing on sustainable margin improvement through enterprise initiatives [53] - Continued expansion of capabilities and client base through M&A is a priority, alongside executing on existing programs [18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the 2020 outlook and reiterated full-year guidance, despite challenges posed by the pandemic [17][33] - The company remains focused on maintaining operational readiness and adapting to COVID-19 conditions while pursuing growth opportunities [36] Other Important Information - The company was awarded a prime contract for the Navy Smart Warehouse Prototype 5G Applications, marking a strategic milestone in converged infrastructure [10][12] - The backlog continues to grow at double-digit rates, up 23% year-over-year [15] Q&A Session Summary Question: Delay in OMDAC award - Management expects to hear on the OMDAC recompete by the end of the year, with no specific timing concerns [44] Question: New business pipeline changes - Management noted that the overall pipeline remains robust despite a slight decrease in total numbers, with a focus on converged infrastructure opportunities [45] Question: Demand from clients outside the Army - Management highlighted emerging Navy opportunities in the INDOPACOM area that could utilize the LOGCAP contract, indicating a growing presence in the region [46]

| --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | Safe Harbor Statement SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 (THE "ACT"): CERTAIN MATERIAL PRESENTED HEREIN INCLUDES FORWARD-LOOKING STATEMENTS INTENDED TO QUALIFY FOR THE SAFE HARBOR FROM LIABILITY ESTABLISHED BY THE ACT. THESE FORWARDLOOKING STATEMENTS INCLUDE, BUT ARE NOT LIMITED TO, ALL OF THE STATEMENTS AND ITEMS LISTED IN THE TABLES FOR 2020 GUIDANCE A ...

| --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | Safe Harbor Statement SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 (THE "ACT"): CERTAIN MATERIAL PRESENTED HEREIN INCLUDES FORWARD-LOOKING STATEMENTS INTENDED TO QUALIFY FOR THE SAFE HARBOR FROM LIABILITY ESTABLISHED BY THE ACT. THESE FORWARDLOOKING STATEMENTS INCLUDE, BUT ARE NOT LIMITED TO, ALL OF THE STATEMENTS AND ITEMS LISTED IN THE TABLES FOR 2H AND 2020 GUI ...

Financial Data and Key Metrics Changes - Revenue in Q2 2020 increased by $4.5 million, a growth rate of 1.3% year-on-year, despite an estimated $22 million revenue impact from COVID-19 [36][8] - Adjusted EBITDA margin was 2%, adversely impacted by 240 basis points due to contract adjustments and COVID-19 [10][38] - Adjusted EPS was $0.24, negatively affected by $0.54 from contract adjustments and $0.14 from COVID-19 impacts [11][38] - Operating cash flow increased over 50% from the previous year, resulting in nearly zero net debt [8] Business Line Data and Key Metrics Changes - The K-BOSSS contract contributed $109 million to total revenue in Q2 2020 [37] - The backlog grew 18% year-over-year to $3.8 billion, with a pro forma backlog of $4 billion post-quarter [11][25] - Significant new business wins included a $210 million contract for base operations support at Isa Air Base and a $190 million contract for Naval Station Patuxent River, although these awards are currently under protest [20][22] Market Data and Key Metrics Changes - The company’s pipeline of new business opportunities is approaching $11 billion, with $1.1 billion in bids submitted and awaiting award [29] - Over 90% of the work performed is funded from the DoD operations and maintenance budget, which remains resilient [32][33] Company Strategy and Development Direction - The company is focused on seamless LOGCAP V transition and expanding its pipeline of opportunities while pursuing strategic M&A [14][48] - Investments are being made to enhance talent, processes, and systems to support future growth, including a modernized IT platform [18] - The company aims to expand into the converged infrastructure market, which is seen as a significant growth opportunity [34] Management's Comments on Operating Environment and Future Outlook - Management expects meaningful EPS growth in the second half of the year despite COVID-19 challenges [7] - The company anticipates a $40 million impact from COVID-19 on revenue and EPS in the second half [15][41] - Management remains confident in the company’s strong backlog and pipeline, indicating a solid position for future growth [50] Other Important Information - The company has been awarded a $529 million modification to the K-BOSSS program, extending the contract to support LOGCAP V [14] - The revised full-year revenue guidance is between $1.385 billion and $1.405 billion, reflecting an estimated $65 million impact from COVID-19 [43] Q&A Session Summary Question: Can you talk about the contract charge and its influence on future earnings? - The European contract charge was due to a disconnect between volume and cost, and it is expected to be the final charge related to this contract [52][53] Question: What is the magnitude of the opportunity from LOGCAP? - There is significant interest from other clients in using LOGCAP, with task orders being received, although they are not material for 2020 [55] Question: Are there larger contracts in the pipeline? - There are bids pending evaluation in the $1 billion to $2 billion range, with a good cadence for contract awards expected [56][57] Question: Is there a slowdown in RFPs due to COVID? - The pace of RFPs remains strong, but some awards are slipping due to COVID-19 [59][60] Question: How is the M&A pipeline looking? - The M&A pipeline has refilled, and the company is looking at several targets closely [62]

Vectrus, Inc. (VEC) Q1 2020 Earnings Conference Call May 12, 2020 4:30 PM ET Company Participants Mike Smith – Vice President-Investor Relations and Corporate Development Chuck Prow – President and Chief Executive Officer Susan Lynch – Senior Vice President and Chief Financial Officer Conference Call Participants Chris Van Horn – B. Riley Joe Gomes – NOBLE Capital John Baugh – Stifel Operator Thank you for joining us today for the Vectrus First Quarter 2020 Earnings Conference Call and Webcast. TodayÂ's cal ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 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: 001-36341 Vectrus, Inc. (Exact name of registrant as specified in its charter) Indiana 38-3924636 (State or other jurisdiction of incorp ...