Fourth Quarter 2025 Business Review FEBRUARY 11, 2026 1 © 2026 | AURORA PROPRIETARY Cautionary statement regarding forward-looking statements This presentation contains certain forward-looking statements within the meaning of the federal securities laws. The words "believe,ˮ "may,ˮ "will,ˮ "estimate,ˮ "continue,ˮ "anticipate,ˮ "intend,ˮ "expect,ˮ "could,ˮ "would,ˮ "project,ˮ "plan,ˮ "potential,ˮ "target,ˮ and similar expressions and variations thereof are intended to identify forward-looking statements, but ...

Verra Mobility Conference Call Summary Company Overview - **Company**: Verra Mobility (NasdaqCM: VRRM) - **Industry**: Smart Transportation - **Segments**: - Government Solutions (45% of total business) - Commercial Services - Parking Solutions Key Points Government Solutions Segment - Verra Mobility is the leading provider of automated enforcement technology in North America with approximately 70% market share in the U.S. [4][5] - A significant contract with New York City worth $963 million was announced, which includes a 1,000-camera expansion [8][9] - Projected revenue growth for government solutions is expected to be 10%-12% CAGR from 2024-2027, with high single-digit growth in service revenue beyond 2028 [7][10] - The company has expanded its automated enforcement legislation from 21 to 36 states since going public [11] Commercial Services Segment - Expected revenue growth in commercial services is projected to be mid-single digits for 2025, driven by GDP travel growth, classic growth initiatives, and the addition of toll roads [12][13] - The transition to cashless toll roads is a significant growth driver, with 70%-75% penetration currently [13] - The impact of the recent government shutdown on rental volumes was minimal, with a constant rental volume observed [17] Parking Solutions Segment - The parking segment is expected to see low to mid-single-digit growth [19] Financial Outlook - Adjusted EBITDA margin is expected to decline by approximately 250-300 basis points due to various factors, including a significant investment in minority and women-owned businesses as part of the NYC contract [22][27] - Government solutions margins are projected to grow by 1-1.5 percentage points per year through 2028, aiming for a high 20%-30% margin [28] New Opportunities and Legislative Changes - A pilot program for automated photo enforcement in California is underway, focusing on school zone speed enforcement [29][30] - Legislative changes in California are expected to positively impact the business, while a program in Ontario was canceled due to legislative disinterest [63] Capital Allocation Strategy - The company has increased its buyback authorization to $250 million, indicating a strong cash flow generation capability [38][39] - Prioritization for the next 12-18 months includes investing in existing businesses, pursuing M&A opportunities, and considering share repurchases [40][41] M&A Activity - The company has not made an acquisition since T2 in December 2021, citing high valuations in the market as a reason for not closing recent deals [49][51] - Areas of interest for potential M&A include technology and camera technology innovations [52] Long-term Considerations - The impact of autonomous vehicles on the business is currently minimal, with a long-term view suggesting potential changes in vehicle ownership and operation [31][34] Additional Insights - The company is actively monitoring the market for M&A opportunities but remains patient due to high valuations [51] - The unique requirements of the NYC contract may not be replicated in other municipalities, limiting similar future investments [57][59]

Core Insights - American Rebel Holdings, Inc. has successfully resolved its default with Bank of America, eliminating legal risks and strengthening its balance sheet [1][2][6] - The company has consolidated its financing under a new long-term agreement with Streeterville Capital, enhancing operational flexibility and positioning for future growth [1][4][5] Financial Restructuring - The resolution of the default includes full repayment of the outstanding line of credit with Bank of America, which has closed all related litigation [6] - Foreclosure risks against Champion Safe Co. and other subsidiaries have been eliminated, protecting valuable assets [6] - The company has restructured its debt under a facility with Streeterville Capital, including a seven-year convertible exchange note with a principal balance of approximately $6.58 million maturing in June 2027 and a new $1.3 million convertible exchange note maturing in 2032 [6][10] Strategic Partnerships - American Rebel has built a strategic relationship with Streeterville Capital, completing multiple transactions since June 2025, including a $2 million investment in Damon Inc., which focuses on electric motorcycles [1][9] - The investment in Damon Inc. allows American Rebel to participate in secured creditor rights while maintaining operational flexibility [10] Operational Impact - The restructuring has lifted the burden of interest payments, allowing the company to allocate resources towards expanding its product portfolio, including safes, concealed carry gear, and American Rebel Beer [7][11] - The resolution of litigation and release of liens has strengthened the company's financial foundation, enhancing shareholder value and investor confidence [11]