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VSE Corporation Earnings Presentation Second Quarter 2020 30 July 2020
VSE Corporation Earnings Presentation
30 July 2020R A I S E T H E B A R
2This document contains certain forward -looking statements .These forward -looking statements, which areincluded inaccordance with thesafe harbor provisions
ofthePrivate Securities Litigation Reform Actof1995 ,may involve known and unknown risks, uncertainties and other factors that may cause VSE’s actual results
and performance infuture periods tobematerially different from any future results orperformance suggested bythe forward -looking statements inthis
document .Although webelieve theexpectations reflected insuch forward -looking statements arebased upon reasonable assumptions, wecangive noassurance
that actual results will not differ materially from these expectations .“Forward -looking” statements, assuch term isdefined bythe Securities Exchange
Commission (the “SEC”) initsrules, regulations and releases, represent our expectations orbeliefs, including, but not limited to,statements concerning our
operations, economic performance, financial condition, theimpact ofwidespread health developments, such astheongoing COVID -19outbreak, thehealth and
economic impact thereof, and thegovernmental, commercial, consumer and other responses thereto, growth and acquisition strategies, investments and future
operational plans .Without limiting the generality ofthe foregoing, words such as“may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “forecast,” “seek,”
“plan,” “predict,” “project,” “could,” “estimate,” “might,” “continue,” “seeking” orthe negative orother variations thereof orcomparable terminology are
intended toidentify forward -looking statements .These statements, bytheir nature, involve substantial risks and uncertainties, certain ofwhich arebeyond our
control, and actual results may differ materially depending onavariety ofimportant factors, including, but not limited to,the uncertainty surrounding the
ongoing COVID -19outbreak and theother factors identified inourreports filed orexpected tobefiled with theSEC including ourAnnual Report onForm 10-Kfor
theyear ended December 31,2019 .Allforward -looking statements made herein arequalified bythese cautionary statements and risk factors and there can be
noassurance that theactual results, events ordevelopments referenced herein willoccur orberealized .Readers arecautioned nottoplace undue reliance on
these forward looking -statements, which reflect management's analysis only asofthe date hereof .We undertake noobligation toupdate orrevise forward -
looking statements toreflect changed assumptions, theoccurrence ofunanticipated events orchanges tofuture operating results .Forward -Looking Statements
Non -GAAP Financial Measures
In addition to the financial measures prepared in accordance with generally accepted accounting principles (GAAP), this document also contains Non -GAAP
financial measures. We consider Adjusted Net Income, Adjusted EPS (Diluted), EBITDA, Adjusted EBITDA, net leverage ratio, tra iling-twelve month Adjusted
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