Allego Investor Presentation Deck

Made public by

sourced by PitchSend

16 of 54

Creator

Allego logo
Allego

Category

Consumer

Published

September 2022

Slides

Transcriptions

#1Allego A LEADING EUROPEAN PUBLIC EV FAST-CHARGING NETWORK Enabling green electric mobility September 2022 Investor Presentation#2Disclaimer All statements other than statements of historical facts contained in this presentation are forward-looking statements. Allego N.V. ("Allego") intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Forward-looking statements may generally be identified by the use of words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan,", "project," "forecast," "predict," "potential," "seem," "seek," "future," "outlook," "target" or other similar expressions (or the negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, without limitation, Allego's expectations with respect to future performance. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially, and potentially adversely, from those expressed or implied in the forward-looking statements. Most of these factors are outside Allego's control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (i) changes adversely affecting Allego's business, (ii) the risks associated with vulnerability to industry downturns and regional or national downturns, (iii) fluctuations in Allego's revenue and operating results, (iv) unfavorable conditions or further disruptions in the capital and credit markets, (v) Allego's ability to generate cash, service indebtedness and incur additional indebtedness, (vi) competition from existing and new competitors, (vii) the growth of the electric vehicle market, (viii) Allego's ability to integrate any businesses it may acquire, (ix) Allego's ability to recruit and retain experienced personnel, (x) risks related to legal proceedings or claims, including liability claims, (xi) Allego's dependence on third-party contractors to provide various services, (xii) Allego's ability to obtain additional capital on commercially reasonable terms, (xiii) the impact of COVID-19, including COVID-19 and other related supply chain disruptions and expense increases, (xiv) general economic, regulatory or political conditions, including the armed conflict in Ukraine and (xv) other factors detailed under the section entitled "Item 3.D. Risk Factors" of Allego's Annual Report on Form 20-F for the year ended December 31, 2021 and in Allego's other filings with the U.S. Securities and Exchange Commission (SEC). The foregoing list of factors is not exclusive. If any of these risks materialize or Allego's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Allego presently does not know or that Allego currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Allego's expectations, plans or forecasts of future events and views as of the date of this presentation. Allego anticipates that subsequent events and developments will cause Allego's assessments to change. However, while Allego may elect to update these forward-looking statements at some point in the future, Allego specifically disclaims any obligation to do so, unless required by applicable law. These forward-looking statements should not be relied upon as representing Allego's assessments as of any date subsequent to the date of this presentation. Accordingly, undue reliance should not be placed upon the forward-looking statements. INDUSTRY AND MARKET DATA Although all information and opinions expressed in this presentation, including market data and other statistical information, were obtained from sources believed to be reliable and are included in good faith, Allego has not independently verified the information and makes no representation or warranty, express or implied, as to its accuracy or completeness. Some data is also based on the good faith estimates of Allego, which is derived from its review of internal sources as well as the independent sources described above. This presentation contains preliminary information only, is subject to change at any time and, is not, and should not be assumed to be, complete or to constitute all the information necessary to adequately make an informed decision regarding your investment in Allego. FINANCIAL INFORMATION; NON-IFRS FINANCIAL MEASURES Some of the financial information and data contained in this presentation, such as EBITDA, Operational EBITDA and free cash flow, have not been prepared in accordance with Dutch generally accepted accounting principles, United States generally accepted accounting principles or the International Financial Reporting Standards ("IFRS"). We define (i) EBITDA as earnings before interest expense, taxes, depreciation and amortization, (ii) Operational EBITDA as EBITDA further adjusted for reorganization costs, certain business optimization costs, lease buyouts and transaction costs and (iii) free cash flow as net cash flow from operating activities less capital expenditures. Allego believes that the use of these non-IFRS measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to Allego's financial condition and results of operations. Allego's management uses these non-IFRS measures for trend analyses, for purposes of determining management incentive compensation and for budgeting and planning purposes. Allego believes that the use of these non-IFRS financial measures provides an additional tool for investors to use in evaluating projected operating results and trends and in comparing Allego's financial measures with other similar companies, many of which present similar non-IFRS financial measures to investors. Management does not consider these non-IFRS measures in isolation or as an alternative to financial measures determined in accordance with IFRS. The principal limitation of these non-IFRS financial measures is that they exclude significant expenses and income that are required by IFRS to be recorded in Allego's financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgments by management about which expense and income are excluded or included in determining these non-IFRS financial measures. In order to compensate for these limitations, management presents non-IFRS financial measures in connection with IFRS results and reconciliations to the most directly comparable IFRS measure are provided in the Appendix to this presentation. TRADEMARKS AND TRADE NAMES Allego owns or has rights to various trademarks, service marks and trade names that it uses in connection with the operation of its businesses. This presentation also contains trademarks, service marks and trade names of third parties, which are the property of their respective owners. The use or display of third parties' trademarks, service marks, trade names or products in this presentation s not intended to, and does not imply, a relationship with Allego or an endorsement or sponsorship by or of Allego. Solely for convenience, the trademarks, service marks and trade names referred to in this presentation may appear with the, TM or SM symbols, but such references are not intended to indicate, in any way, that Allego will not assert, to the fullest extent under applicable law, its rights or the right of the applicable licensor to these trademarks, service marks and trade names. CERTAIN RISKS RELATED TO ALLEGO All references to the "Company," "Allego," "we," "us," or "our" in this presentation refer to the business of Allego. The risks presented below are certain of the general risks related to Company's business, industry and ownership structure and are not exhaustive. The list below is qualified in its entirety by disclosures contained in Allego's Annual Report on Form 20-F for the year ended December 31, 2021, as filed with the SEC. These risks speak only as of the date of the presentation, and we have no obligation to update the disclosures contained herein. The risks highlighted in future filings with the SEC may differ significantly from and will be more extensive than those presented below. Allego is an early stage company with a history of operating losses, and expects to incur significant expenses and continuing losses for the near term and medium term. Allego has experienced rapid growth and expects to invest substantially in growth for the foreseeable future. If it fails to manage growth effectively, its business, operating results and financial condition could be adversely affected. Allego's forecasts and projections are based upon assumptions, analyses and internal estimates developed by Allego's management. If these assumptions, analyses or estimates prove to be incorrect or inaccurate, Allego's actual operating results may differ adversely and materially from those forecasted or projected. Allego's estimates of market opportunity and forecasts of market growth may prove to be inaccurate, and Allego's growth and success is highly correlated with and dependent upon the continuing rapid adoption of EVs. Allego currently faces competition from a number of companies and expects to face significant competition in the future as the market for EV charging develops. Allego may need to raise additional funds or debt and these funds may not be available when needed. If Allego fails to offer high-quality support to its customers and fails to maintain the availability of its charging points, its business and reputation may suffer. Allego relies on a limited number of suppliers and manufacturers for its hardware and equipment and charging stations. A loss of any of these partners or issues in their manufacturing and supply processes could negatively affect its business. Allego's business is subject to risks associated with the price of electricity, which may hamper its profitability and growth. Allego is dependent on the availability of electricity at its current and future charging sites. Delays and/or other restrictions on the availability of electricity would adversely affect Allego's business and results of operations. Allego's EV driver base will depend upon the effective operation of Allego's EVCloud™ platform and its applications with mobile service providers, firmware from hardware manufacturers, mobile operating systems, networks and standards that Allego does not control. If Allego is unable to attract and retain key employees and hire qualified management, technical, engineering and sales personnel, its ability to compete and successfully grow its business would be harmed. Allego is expanding operations in many countries in Europe, which will expose it to additional tax, compliance, market, local rules and other risks. Members of Allego's management have limited experience in operating a public company. New alternative fuel technologies may negatively impact the growth of the EV market and thus the demand for Allego's charging stations and services. The European EV market currently benefits from the availability of rebates, scrappage schemes, tax credits and other financial incentives from governments to offset and incentivize the purchase of EVs. The reduction, modification, or elimination of such benefits could cause reduced demand for EVs and EV charging, which would adversely affect Allego's financial results. Allego's business may be adversely affected if it is unable to protect its technology and intellectual property from unauthorized use by third parties. Allego's technology could have undetected defects, errors or bugs in hardware or software which could reduce market adoption, damage its reputation with current or prospective customers, and/or expose it to product liability and other claims that could materially and adversely affect its business. The exclusive forum clause set forth in Allego's Warrant Agreement may have the effect of limiting an investor's rights to bring legal action against Allego and could limit the investor's ability to obtain a favorable judicial forum for disputes with us. Future sales, or the perception of future sales, of Allego's ordinary shares and warrants by Allego or selling securityholders, including Madeleine Charging B.V. ("Madeleine"), which is indirectly beneficially owned by Meridiam SAS, could cause the market price for Allego's ordinary shares and warrants to decline significantly. Madeleine owns a significant amount of Allego's voting shares and its interests may conflict with those of other shareholders. Allego> 2#3Allego Operates One of the Largest Pan-European Public EV Charging Networks Highlights ~34,000 Charging Ports and 18,200 Public and Non-Public Sites Across 15 Countries¹ > Net loss of €(246.6) million in 1H20227 Operational EBITDA of €(1.5) million in 1H2022² Strong Customer Loyalty with Consistent ~80% Recurring Users >100% Historical Revenue Growth³ > Average Charger Utilization Rate of 8.3%4 Allego> Leading Presence in Europe Current AC Sites5 Current Fast and Ultra-Fast Sites5 Select Sites in Backlog5 Operational Secured Expansion6 Future Expansion Plans Note: Map includes both public and non-public sites 1. Owned and third-party, as of June 30, 2022; 2. Non-IFRS Measure. Please see reconciliation in the Appendix hereto; 3. 2017-2021 CAGR; 4. Per 1H2022 data for Ultra-Fast chargers. Defined as the number of charging sessions per charge point per day divided by a maximum of charging sessions per charger per day of 50 (for the ultra-fast charging pole) and is inclusive of Mega-E; 5. As of June 30, 2022; 6. Secured expansion countries refer to countries where the potential for EV charging is confirmed to be attractive enough and where installation of charging ports has already started or has been decided; 7. Non-cash impact of €240.1 million related to share-based payment expenses Note: Unaudited financial highlights may vary from actual results after finalizing the review for the six months ended June 30, 2022, and such variance may be material 3#4Investment Highlights Allego> 01 Large and Rapidly Growing Total Addressable Market 03 ● Growth in EVs unlocks a significant addressable market, particularly in Europe 02 Leading Pan-European Player with a Clear First Mover ● Total TWh demand expected to grow ~8x by 2025 and ~30x by 2030¹ One of the largest European charging networks with a pan-European presence Partnerships with 16 OEMs and 65+ real estate owners Market Leading Proprietary Technology Provides a Competitive Advantage Unique platform with 100+ variables leads to optimal network design and performance Proprietary software, compatible with all OEMs, creates optimized user experience 04 05 06 Strong Unit Economics Generate superior returns; ~30% IRR and 4-year payback at site level without subsidies Operations at owned sites produce attractive gross margins Business model enables Allego to effectively address price inflation 8.3% utilization rate² during 1H2022 versus 4.3% during the same period in 2021 Business Model Underpinned by High Revenue Visibility and Financial Discipline Secured backlog of 1,100 premium sites provides superior visibility Disciplined investment, focus on premium locations ensure positive economics from start Proactive Energy Management and Extensive Supplier Relationships Developed an energy platform capable of supplying its own electricity to its chargers from renewable sources Long-term PPAs will mitigate energy price volatility Multiple hardware/installer supplier relationships enable Allego to effectively address inflationary headwinds 1. Management estimates; 2. Inclusive of Mega-E; utilization rate, a key performance measure, is defined as the number of charging sessions per charge point per day, divided by a maximum number of charging sessions per charger per day of 50 (for the ultra-fast charging pole) Source: Company information 4#5Pioneer of EV Charging in Europe Early Proof of Concept Allego founded as subsidiary of a Dutch grid operator allego 2013 First Allego FC charger operational € 5 2014 2017A Allego> National fast charging network allego > 2015 > 2016 Development of nationwide fast charging network in the Netherlands CAGR: 107% € 44 Allego deploys Europe's first Ultra- Fast location 1 2020A Dynamic Rollout O CAGR: 102% 2017 2018 2155 2019 2020 2021 > 2022 149.16 meridiam INVESTING FOR THE COMMUNITY 01 One of the largest pan- European charging networks New owner to accelerate network growth € 86 1 2021A Proven Growth MEGA-E Mega-E First large-scale Pan-European Ultra-Fast project focusing on corridors € 9 Revenue € 117 Operational EBITDA² 3 2022H1 LTM 1. IFRS audited; 2. Non IFRS Measure. Please see reconciliation in Appendix hereto; 3. Unaudited financial highlights may vary from actual results after finalizing the review for the six months ended June 30, 2022, and such variance may be material Source: Company information € 12 LO 5#6About Allego leading European public EV fast charging network Allego 150 Allego Alleg#7Allego Leadership Allego> MATHIEU BONNET Chief Executive Officer CAR E6 CNGIC TON LOUWERS Chief Financial Officer hertel Imtech 1 + pwc THALES Berenschot WAY ALEXIS GALLEY Chief Technology Officer Voltalis MOMA Modélisations, Mesures et Applications ◆bien'ici Carrefour 7#8Business Model Overview Own & Operate Build, own and operate Ultra-Fast and Fast charging sites Operator of one of the largest pan-European public EV charging networks Owned Public Charging Ports Breakdown ¹,2 Fast 778 Ultra-Fast 515 AC 22,962 Allamo™ & Allego EV Cloud™ Proprietary Software Platforms Allego> Allego> Allego> Uptime and Performance Report 98.34% WITZERLAND TAD 143 29 Allamo™ software identifies premium charging sites and forecasts demand using external traffic statistics adal Proprietary software allows compatibility and an optimized user experience for all EV drivers Through Allego EV CloudTM, provides software solutions for EV charging owners, including payment and achieving high uptime High Value Services Offering NISSAN Carrefour Attractive, high margin third-party service contracts Services include site design and technical layout, authorization and billing, and operations and maintenance Third-Party Public Charging Ports Breakdown¹ AC 4,770 Fast Allego's proprietary energy platform sourcing green energy from multiple suppliers and even directly from renewable assets enables: Flexibility to choose optimal sourcing for charging stations Long-term sustainable price for charging Ability to secure long-term PPA with renewables Reduced volatility from energy market 1. Charging ports are defined as the number of sockets on a charger that is simultaneously accessible for charging; 2. Only includes public chargers. Inclusive of Mega-E Source: Company information as of June 30, 2022. 479 Ultra-Fast 194 8#9Allego Delivers Tech-Enabled Infrastructure Key values to Allego Tech-enabled infrastructure Charging Assets Proprietary software platforms Allamo T TM Allego EV Cloud™ lepa Fast and Ultra-Fast Chargers Allego> Forecasting Tool EV Cloud OOOO moov Network Effect & Efficiency Tool EV AMM Ability to generate long-term revenues with 15+ years of charging asset life Predictable cash flows and reduce future volatility from energy markets High barriers to entry from LT site exclusivity results in a robust local network Collects high volume of data, which increases predictability Strong customer loyalty with high recurring rate op Allego attains high pricing power capability, as charging shifts to an essential service in Europe 9#10Defining Allego's Market Allego> Vehicles in Operation Total Addressable Market Serviceable Addressable Market Share of Market Note: All figures are 2025E estimates unless otherwise noted. Source: BNEF, Company estimates. 24 million European EV fleet penetration in 2025 Fleet size estimated to grow by ~4.0x between 2021 and 2025 44.5 TWh Energy demand for total EV charging in 2025 (Europe) 8.5 TWh Energy demand for public fast charging in 2025 (Europe) Overall public charging electricity requirement Public fast charging as a % of total public charging estimated to increase from 58% in 2021 to 79% by 2025 1.1 TWh Allego's 2025 target market share of public fast charging Allego's first mover strategy to capture premium sites across Europe ● Focus on owning and operating charging infrastructure Focus on Ultra-Fast Charging and Fast Charging given user preference and high margin opportunity 10#11Owned Fast Charging Network Primary focus Strategic focus for non-core technologies High Value-add Third-party Services Complementary Business Segments Address Full Breadth of EV Charging Opportunity Ability to identify, secure and operate most profitable sites Substantial expertise in new site design and operation First mover advantage with leading proprietary planning tool Allego Ability to manage large and complex solutions Addressing all EVs (OEM- agnostic) and user groups One-stop shop with white-label software suite 11#12Financial Performance Size and Scale Offering Allego> Allego Provides Scale, Profitability, and a Full-Service Offering OEM-captive Hardware Manufacturer Operator IONITY¹ -chargepoin+ ($mm except for Charging Ports and Sites) Revenue Recurring Revenue Operational EBITDA² Network Charging Ports Sites Geographic Presence Service Offering Proprietary Software Offering Site Forecasting Software Allego> ~122¹ ~12¹ ~34,0007 ~18,2007 Already in 15 European countries7 ✓ Independent Operators 12 EVgo ¹2 ~30³ (69)4 2,3978 850+ United States Fleet partnership Third-party solution FASTNED ~225 ~55 94510 20810 6 European countries9 x x x 12 ~1,500 428 24 European countries x x 12 x ~3366 ✓ (210)11 ~200,000 18,000+ North America and 16 European countries ✓ 12 X Allego's size, scale, and technological edge create defensible moats 1. Based on LTM figures; EUR / USD exchange rate of 1.048 as of June 30, 2022; 2. Non-IFRS measure. Please see the reconciliation to the most comparable IFRS measure provided elsewhere in this presentation; 3. Based on EVgo's public filings; 4. Adjusted EBITDA based on EVgo's LTM public filings. We caution readers that operational EBITDA is not standardized under IFRS and may differ from the non-IFRS financial measures disclosed by Allego and EVgo's public filings, as applicable. We caution readers that these non-IFRS and non-GAAP financial measures are not standardized under IFRS or U.S. GAAP and may differ from the non-IFRS financial measures disclosed by Allego and, as a result, may not be comparable to similar measures presented by Allego. 5. Based on LTM results; EUR / USD exchange rate of 1.048 as of June 30, 2022; 6. LTM beginning ending with F2Q2022; 7. Includes Allego public charging ports and sites for owned and third-party AC chargers, Fast chargers and Ultra-Fast chargers of any speed as of June 30, 2022; 8. Based on DC fast charging stalls in operation or under construction as of June 30, 2022; 9. As of June 30, 2022: France, UK, Germany, Netherlands, Belgium and Switzerland; 10. Based on FastNed 1H2022 results; represents total stations. 11. According to ChargePoint's public filings EBITDA is calculated as Non-GAAP loss from operations + depreciation and amortization. 12. The non-Allego figures provided on this slide are based on publicly available information of each of EVgo, FastNed, lonity and ChargePoint. Allego has not independently verified the information and provides no representation or warranty, express or implied, as to its accuracy or completeness. Source: Company information, press releases 12#13Business Highlights Enjon Allego Allego> 1950 bre poli XN Mi O EV Penetration in Europe Exceeds US Market Favorable Regulatory Backdrop/Energy Independence Marquee Partnerships and Access to Green Infrastructure Financing Attractive Economics Owing to Technological Edge from Proprietary Software Significant Secured Backlog Provides Forward Visibility 13#14Europe EV Charging Market Robust Fundamentals with Favorable Regulatory Backdrop 0700 Allego Allego#15Electrification of European Automotive Market is Accelerating ||||| XEV penetration of new cars in Europe expected to reach 39% in 2025E, ramping up to ~80% by 2035E In contrast, expected XEV penetration in the U.S. is 16% in 2025E and 44% in 2030E, with further acceleration to 62% by 2035E European regulations continue to tighten with seven countries banning ICE sales by 2030, supporting solid growth through the decade Allego> Source: BNEF XEV Penetration Sales Forecasts: Europe vs. U.S. Sales XEV units ('000s) 18,000 15,000 12,000 9,000 6,000 3,000 0 2022E # of XEV models 250 200 150 100 50 0 202 2023E 82 1Q2022 2024E 207 96 2Q2022E XEV (EU) 39% 16% 2025E 210 2026E 99 3Q2022E 2027E 220 IXEV (U.S.) New XEV Models Introduced: Europe vs. North America 106 4Q2022E 2028E 2029E 226 XEV penetration (EU) 114 60% 44% 2030E 2031E 226 2032E 116 2033E 226 XEV penetration (U.S.) 2034E 116 78% 62% 227 ■ Europe North America 121 4Q2023E 2035E 227 100% 80% 60% 40% 20% 0% 122 1Q2024E 15#16European EV Charging Market is Larger and Growing Faster than the U.S. > European Market Attributes Favor Public Fast Charging Regulation across Europe is accelerated relative to the US High urbanization rate Scarcity of in-home parking in dense cities XXX Allego> Significant interurban traffic 1. Defined as fleet of battery electric vehicles and plug-in hybrid electric vehicles, excluding buses and trucks. Source: BNEF EU + UK vs. US Market Comparison (2021A-2025E) EV Car Parc¹ (in mm of units) CAGR: 41% 6.0 EU + UK CAGR: 94% 0.6 24.0 EU + UK CAGR: 50% ~8.5 2.0 Public Fast Charging Power Demand - SAM (in TWh) US CAGR: 63% ~0.8 2021A US 10.0 2021A ~5.6 2025E 2025E Fast charging is essential to widespread adoption of EVs Public charging is expected to increase faster in Europe than the U.S. 16#17The EU Parliament and 21 Major Governments have Announced Plans to Ban ICE Vehicles in the Near-Future +Norway United Kingdom 0 Singapore European Commission Sweden Chile Ireland Slovenia 2025 Netherlands 2030 2030 2030 2030 2030 2030 Germany 40 Japan China Iceland Canada 2030 ● 2035 2035 2035 2035 2035 2035 ☆ California (United States) EU has voted to support the ban of all ICE sales by 2035 India has set the following EV sales targets by 2030 Currently, 27% of the world's population, representing 46% of the world's GDP, is covered by EV legislation and ICE vehicle bans 30% passenger 70% commercial 80% 2&3-wheelers Allego> Source: ICCT, Wall Street Journal, Nikkei, Politico, Fitch Solutions Italy Denmark South Korea (Planned) Spain if EU 2035 directive not finalized France if EU 2035 directive not finalized New Zealand Costa Rica 2035 2035 2035 2040 2040 2040 2050 Allego ~176mm EV Sales Vehicle units projected in these countries (Cumulative 2022 to 2031) 300 Including India, 45% of the world's population, representing 49% of the world's GDP, would fall in a region with EV-specific legislation 17#18Unprecedented Electrification Commitments by OEMs through 2030 European OEMs Allego to Benefit from the Electrification Trend Because of its OEM-Agnostic Technology OEM MW BM RENAULT STELLANTIS KAN Allego> OEM brand/Region VW Group worldwide VW Group Europe VW Brand Europe A Group Europe RENAULT (10) STELLANTIS Europe TELLANTIS US B CHRYSLER Europe Europe BEV target 50% 100% 100% 100% 100% 100% 100% 80% 50% 60% 70% 100% 100% 100% 50% 100% 100% 100% 100% 100% 50% Year 2030 2032 2040 2030 2019 2033 2030 2030 2030 2030 2030 2025 2030 2030 2030 2028 2027 2028 2027 2030 2030 North American OEMs Asian OEMs OEM gm Ford C HYUNDAI TATA DUD GEELY NISSAN OEM brand/Region Ford Group Europe Passenger Cars 0 LINCOLN 8 HYUNDAI KL Europe KU Worldwide 75 JAGUAR LAND- ROVER LOTUS Europe Japan China North America Worldwide BEV target 100% 100% 100% 50% 78% 47% 34% 100% 100% 100% 75% 55% 40% 40% 50% Year 2035 2030 2030 2025 2040 2030 2030 2027 2036 2030 2026 2026 2026 2030 2030 Note: Ford 100% only applies to European passenger cars, LCV to be 2/3 xEV (PHEV + BEV); Alpine: Depending on production phase out of A110; Aston Martin: 50% of production BEV, 5% track only ICE, rest Hybrid. Road car BEV share thus planned slightly higher than 50%; Audi: Audi will produce its last internal combustion engine in 2033 and it will only launch new vehicles that are electric by 2026; GM: Towards 100% but with exceptions; Jaguar: Only BEV launches from 2025 but ICE phase out in 2027; Lotus: Last non-BEV launch in 2021 (Type 131), ICE phase out depending on production life-cycle; Mercedes-Benz: 50% xEV by 2025, largely BEVs and "ready" for 100% BEVs by 2030; Mini: Last non-BEV launch in 2025, ICE phase out depending on production life-cycle, Mini mentions "early 2030's"; Stellantis: 40% / 70% xEVs in US/Europe by 2030 of which 80% will be BEV. Source: Wall Street research 18#19320 10 High Growth Expected in European EV Fast Charging Market Serviceable Addressable Market Public Charging (SAM) in TWh ¹, 2 2021A TAM 11% 1.1 TWh Allego's market share (% of SAM) Allego> 2025E TAM 19% 8.5 TWh Public Fast Charging (SAM) OO € 12.9% 2030E TAM 24% Primary focus 31.7 TWh on owned fast-charging network Strategic focus on high value-add third party services Public AC Charging Non-Public Charging 15.1% 2040E TAM 32% 127.3TWh 17.6% 1. Represents total public fast charging demand in the EU+ UK 2. Battery electric vehicle and plug-in hybrid electric vehicles personal cars, 2 and 3 wheelers, light commercial vehicles, excluding buses and trucks. Source: BNEF. 19#20European Union's Increased Focus and Investments in its Energy Independence Recent Events Driving New Energy Focus EU Parliament has voted in favor of supporting the ban of all ICE vehicle sales by 2035 Increasing energy supply concerns following Russia's unprecedented military attack on Ukraine Increase Rooftop Solar Panels, Heat Pumps and Energy Savings Europe has been facing high and volatile energy prices in recent months Action Plan to Achieve Energy Independence Reduce dependence on fossil fuels, making homes and buildings more energy efficient Allego> Focus on Decarbonizing Manufacturing Launch of The European Battery Alliance (EBA) Accelerate the switch to electrification and renewable hydrogen and enhance low-carbon manufacturing capabilities Batteries are a strategic part of Europe's clean and digital transition and a key enabling technology for automotive sector Doubling the EU Ambition for Biomethane Produce 35 bcm per year by 2030, in particular from agricultural waste and residues Source: The European Commission and Wall Street research. European Commission has proposed, "REPowerEU", to boost Europe's energy independence - make Europe independent from Russian fossil fuels by 2030 Increase Renewable Hydrogen Sourcing European Commission Develop infrastructure, storage facilities and ports, and replace demand for Russian gas Accelerate Renewables Permitting Minimize the time for roll-out of renewable projects and grid infrastructure 20#21Well-Positioned to Benefit from European Energy Transition Mega-trend Allego> Allego> Decarbonization of Mobility Strong Grid Stability Across Europe Fleet Electrification in the EU Every kWh supplied by Allego's charging stations is 100% renewable Allego's charging stations' energy is certified by Guarantee of Origin Certificates (GOS) Reinforced European grid infrastructures are hardly affected by fast charging¹ Smart charging will contribute to the efficiency, reliability and stability of the grid EU "Fit for 55" proposal for transportation means new cars and trucks have to reduce CO2 by 55% by 20304 18 of the 20 largest OEMs have committed to increase the offer and sales of EVs ~83 GWh of clean renewable energy to EV drivers in 20217 3% electricity consumption in Europe attributable to EVs in 2030² 81% of new car sales expected to be EV by 20305 +77% vs. 2020, for a total of 414 million green kilometres in 2021 >$70bn foreseen annual grid expansion investments until 2030³ 1 in 4 cars on the road expected to be an EV by 20306 1. Slednev V, Jochem P, Fichtner W. Impacts of electric vehicles on the European high and extra high voltage power grid. J Ind Ecol. 2021; 1-14; 2. International Energy Agency, 2021 Global EV Outlook (Stated Policies Scenario); 3. International Energy Agency, Smart Grids Tracking Report; 4. Concerning transportation, the proposal includes reducing average yearly emissions of all newly registered vehicles 55% by 2030 compared to 2021; 5. Wall Street Research; 6. EU Jurisdiction; McKinsey Center for Future Mobility in EU; 7. Excludes Mega-E Source: Company information 21#22Partnerships & Financings Marquee Clients and Deep Access to Green Financing Market 24-L#23Premium and Diverse Customer and Partnership Base Fleets & Corporates bp La PLACE B M 42 T TESLA OEMS Allego> Uber VEL postnl Ø HYUNDAI LeasePlan NISSAN W КИ 300 Source: Company information. Allego Allego Allegor. JAGUAR ATU Im 6 groupabertrand VALK REWE GEMEENTE Arnhem III Berlin Casino TAMOIL Carrefour CITY LONDON TOULOUSE RH Allego's strong positioning enables partnerships across multiple end markets Hosts VINCI A AUTOROUTES RADISSON HOTELS EINDHOVEN City of * Amsterdam Municipalities 23#24Signed 1,100 additional sites with Multiple Strategic Partners ATU, a leading provider of automotive repair services in Germany TAMOIL Italia is a leading fuel energy provider within the European downstream oil and gas sector Allego> Groupe Bertrand, one of the leading French restaurant groups Agentschap Wegen & Verkeer: The Agency for Roads and Traffic (AWV) is responsible for approximately 7,000 km of regional and motorway roads G&V Energy Group, the number one independent player in the Belgium fuel stations market Vinci Autoroutes, France's leading motorway concessions holder Source: Company information Recent partnerships and agreements secured key sites and expanded Allego's presence across Europe May 31, 2022 May 25, 2022 May 18, 2022 March 03, 2022 Jan 22, 2022 Jan 21, 2022 Dec 21, 2021 Expands Strategic Partnership with ATU Equip an additional 400 ATU branch locations with e-charging stations; totalling 900 charging points Expected to be completed by 2024 Strategic Partnership with Groupe Bertrand Install ultra-fast charging stations at 15 locations throughout France 2 to 4 HPC stalls are foreseen per location; the first location is expected to go live in second half of 2022 Strategic Partnership with G&V Energy Group Install ultra-fast charging stations at 100 fuel stations across Belgium 12 fuel station installations will be realized in 2022; all to be completed by 2024 Strategic Agreement Tamoil Italia Develop 11 ultra-fast and fast charging locations throughout Italy Lease contract is for a 25-year term Flanders Highways Win 28 ultra-fast charging sites along major highways in Flanders in 2022 This will double to 56 sites by 2024 5 Highway Locations on France's A355 Autoroute 5 ultra-fast charging locations; the first of which is now open with 8 charging spots (6 ultrafast and 2 fast) Strategic Partnership with Nissan Long-term partnership in 16 countries and across 600+ locations, to install, operate, and maintain DC fast chargers ATU groupebertrand G&V ENERGY GROUP TAMOIL AGENTSCHAP WEGEN & VERKEER VINCI K AUTOROUTES NISSAN 24#25ATU Use case ATU Building Fast-Charging Network at 400 ATU Locations in Germany ATU's key focus Full Service for EVs and EV fleets ● Flächendeckend ver Why Allego is the partner of choice Independent CPO with a high-quality charging network ● 00 ● Allego> An attractive product portfolio for EV fleets Successful cooperation at the past 41 locations Source: Company information allego Initial plan and key targets C AOTO AUTO TEILE UNGER DXN-924-L ATU stores Year 1 85 Locations to expand ATU presence ATU 150 kW DC 2024 Potential locations With 900 charging 400 points across Germany 25#26Use case Alego ● CAPS Allego> Oostende A10 Source: Company information kerke Dine Lens O Atrecht G&V's key focus E2E mobility services, based on their hybrid MSP card (CAPS card) and multi-fuel energy stations AZE Rijsel Villeneuve-d'Ascq 1431 Why Allego is the partner of choice Access to Allego's public and fast charging network Realization of 100 fuel stations across Belgium 1403 @ 1150 rtrijk Roubaix AZE SE Parc naturel régional Scarpe Escaut A3 1034 ergen Maubeuge Parc naturel Antvpen C PO Mechelen Q B 1430 L Ch B 134 O Leuv 140 Namen Dinant . Hasselt oGenk Maastricht Luik ESTE Roermond 01 Durbuy G&V Joint National Ultra-Fast Charging Network Creation at 100 Fuel Stations 125 Mon Aken 143 Initial plan and key targets ESSO gas stations Year 1 Year 1 locations First opening: 12 Antwerp Noorderlaan 150 kW DC: 25-50 300kW DC: 100-200 Long-term Potential locations 150 with utilization increasing Allego G&V ENERGY GROUP Allego 26#27As an EU Green Taxonomy-Eligible "Asset Generator," Allego has Access to the Green Infrastructure Financing Market Meridiam for people and the planet ‹e Carrefour Green Loan at an attractive cost of capital at EURIBOR + 3.5% Santander Allego> Allego and Meridiam closed the first-of-its-kind special purpose project finance vehicle for EV charging infrastructure in partnership with Carrefour >2,000 fast and ultra-fast EV charge points CORPORATE & INVESTMENT BANK Source: Company information 200+ locations across France Attractive, non-recourse and first-of-its-kind for a European charge point operator BRED+X BANQUE POPULAIRE BBVA >12 years operate and maintaining the network Illustrates ability to secure significant third- party capital to expand network SOCIETE GENERALE ARKEA LA BANQUE POSTALE Allego has access to third-party capital to expand its network and de-risk its business plan 27#28MAX. SNELHEID 25 KM. Economics & Backlog Profitability Driven by Proprietary Technology KB GelreGroon RWS VU15 Allego#29Own & Operate Services Power Allego> Allego> Minimum Time to Charge to 125 Miles (from 20% to 80%) ² Target Locations Average Price per Charging Session (40kWh)² Targeted Long-Term Gross Margin Allego? Understanding the EV Charging Landscape Ultra-fast Charging Fast Charging Go-forward focus ~150-350kW 7 minutes Public, Major Roads, Retail ~$28.50 55% ~50kW 48 minutes Public, Major Roads, Retail ~$20.00 55% AC Charging 1 ~11kW 216 minutes Public, Workplaces, Homes ~$16.00 40% Compares to average cost of 125 miles of gasoline: ~$33.00³ Full suite of charging solutions for all end users and locations 1. AC charging is de-emphasized going forward; 2. 40 kWh charge corresponds to charging, from 20% to 80%, an "average battery" of ~70kWh and provides 125 miles additional range; 3. Assumes fuel prices of €2.014/liter and fuel consumption of eight liters/100 kms based on data from the French Ministry of Economics; excludes recent government tax abatements and other incentives; at the exchange rate of Euro / USD 1.02 as of August 2, 2022 Source: Company information, French Ministry of the Economy 29#30Allego's Focus on Proprietary Technology and Services Enables High Margin Capture Allego> Power Supply -a Allego> Charging Hardware Manufacturer Hardware agnostic, Allego selects best-of-breed cutting edge technology Y Network Planning Allamo ™ ZB-65-G Source: Company information Asset Ownership 4 Installation Operation & Maintenance EV Cloud ™M Backend IT Control of all steps along the value chain, based on proprietary technology informed by data collection Recurring, high-margin revenue streams Payment MSP Af Payment EV Driver OEM Agnostic Access to Entire EV Fleet 30#31Proprietary Software Drives Competitive Edge in Charging Site Selection and Management Allamo™M-Owned Site Identification/ Assessment Allows Allego to select premium charging sites to add to its network ● ● ● 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 Identify premium sites Forecast demand at site using external traffic statistics Build robust business case around site and determine returns potential Allego> ■ 1 Site Model Forecast (kWh/day) Accuracy Improves with Larger Batch Sizes¹ 10 Sites 20 Sites 30 Sites 50 Sites 1. Ratio (Forecasts/Actuals) depends on sites' batch sizes Source: The European Commission and Wall Street research Allego EV CloudTM - Uptime and Payment Optimization Sophisticated CPO tool providing all essential services to owned and third-party including Site onboarding and technical layout Authorization and billing Smart charging and load balancing Analytics and customer support ● I ■70 Sites I 100 Sites R² = 0.76 High predictability enables strong profitability Increases O&M margins and secures high margin third- party services contracts 31#32First Half 2022 Operating Metrics Reflect Market Inflection Increase in Total Energy Sold (in GWh) 30.3 2019 3.0% +~175% 2019 48.0 2020 3.5% 2020 87.3 Utilization Rate on UFCs Almost Doubled vs. pre-COVID ~2.0x ~2.0x Allego> 2021 5.5% +~105% 2021 35.0 1H21 4.3% 1H21 71.8 1H22 8.3% 1H22 1. Utilization rate, a key performance measure, is defined as the number of charging sessions per charge point per day divided by a maximum number of charging sessions per day of 50 (for the ultra-fast charging pole). Inclusive of Mega-E Source: Company information Robust Growth in Charging Revenue ● ● Total energy sold during the first half of 2022 was 71.8 GWh, an increase of 105% over 1H21, as was 100% green ● Charging revenue partially benefitted from the acquisition of Mega-E assets, adding more than 100 sites and nearly 770 charge ports, mainly fast-and-ultra-fast Utilization Showing Continued Acceleration Energy sold per charging session showed robust growth from the availability of a greater number of vehicles with larger batteries Utilization rate¹ nearly doubled to 8.3% (4.15 sessions per charger per day) from 4.3% in the same period in 2021. New partnerships with blue-chip customers further strengthen the footprint in 15 European countries. Acquisition of MOMA enhances technological edge, customer experiences, and energy management technology 32#33Increasing Demand and Elevated Visibility Average Total Number of Charging Sessions (in mm) 1.7 +~259% 79% 3.0 2019 2018 2019 2020 2021 3.7 2020 6.1 Allego> User Track Record on Allego's Network² (in % recurring users) 82% 82% 80% 2.6 2021 +~74% 1H21 4.4 1H21 1H22 80% 1H22 1. Total number of charging sessions for both company-owned and third-party sites 2. BNEF, August 18, 2022; 3. All customer data is tracked through the ID cards/tokens used on Allego's network and required for invoicing Source: Company information Charging Sessions Increasing with Higher Density of EVs ● Allego's network handled over 4.4 million¹ total charging sessions in 1H22 through its EV Cloud platform (+74% YoY) ● Europe EV penetration in 1H22 increased 500 bps to 21.5%² from 1H21, supporting the mega-trend of EV charging Allego's network continues to experience strong customer loyalty with an approximately 80% recurring rate per month³ Development of Smart Charging Capacity provides opportunities for ancillary services Connect to renewal sources to supply "green energy" to its chargers Develop ancillary services for grid operators as reserve capacity Allow selling excess capacity in the open market 33#34Allego Energy Management All Systems on go. With Allego Allego has developed an energy platform that enables 23 Supplying its own electricity to its chargers in the main European countries where it operates 3 Trading electricity on power exchanges automatically, based on the forecasts of the charger's consumption Directly connecting renewable assets in order to supply power directly Allego believes it can: Determine the most efficient way to supply its chargers in terms of price and sustainability, i.e., green energy Secure long-term Power Purchase Agreement (PPA) with renewable producers (Typically a 10-year contract) to lower its supply costs and secure long-term green energy Provide sustainable energy to its EV drivers and enable the development of assets by providing long-term off-take to renewable developers Mitigate price volatility and increase thanks to the majority of Allego energy being supplied by long-term PPA from 2023 Secure and enhance its margin through this long-term strategy based on technology and deep knowledge of the energy market Allego> Enabling renewable forecasts to supply remaining power if needed Developing ancillary services for grid operators as reserves of capacity; new revenue source New Opportunities With the increase of Allego chargers, demand responses will bring new business opportunities and help develop the energy transition currently underway in Europe 34#35Natural Gas Prices Expected to Normalize over Time Gas Dutch TTF prices (€/MWh) €250 €200 €150 €100 €50 €0 Jan-21 Natural gas spot prices have increased 135% since late February to €196/MWh Allego> Jul-21 musſten. причи Source: Bloomberg, ICE, ECB Jan-22 Implemented price increases Spot price Jul-22 Forward curve # 2023 2024 Finalizing long-term Power Purchase Agreements (PPAs) from renewable sources 2025 2026 Extensive supplier relationships and European sourcing has limited the impact of supply-chain headwinds 35#36Managing Inflationary and Supply Chain Challenges i.i FOA Allego> Implemented a 17% price increase in January and proactively initiated further increases Utilization increased owing to higher demand from increased penetration of EVs Maintained ~80% recurring users even after the price increase Initiating 10% price increase effective as of September 1st and actively monitoring the market Finalizing power purchase agreements (PPAs) from renewable sources Hedges a significant portion of variable energy costs going forward Creates a more stable cost base to capture higher margins and market share opportunistically The sale of HBE certificates ("carbon credits") generated from the sale of green energy provides a natural hedge, i.e., as energy prices increase, the value of the certificates also rises Totaled €5.4 million in 2021 and included in Other Income Income from the sale of HBE certificates has doubled each year since 2019 Benefit from multiple supplier/installer relationships across western Europe Maintain long-standing relationships with hardware suppliers across the region Disciplined scale buying and pre-ordering components have led to critical partnerships with suppliers Key suppliers have localized manufacturing bases, hence avoiding shipping and other delays Consistently onboarding new suppliers/installers to support growth; secured backlog equates to approximately three years of buildout 36#37Significant Growth Buoyed by Strong Fundamentals Revenue (in €mm) € 60 € 40 € 20 € 0 € 20.4 9.4 11.0 1H21 Revenue of €50.7 million (+148% y-o-y) Charging revenue increased 118%, benefitting from improvements across all key measures Service revenue rose 184%, driven primarily by the Carrefour contract Allego> Source: Company information € 50.7 26.7 24.0 1H22 Charging Operational EBITDA (in €mm) € 10 (€ 10) Services (€ 3.8) 1H21 Operational EBITDA €(1.5) million, driven by Income from the sale of carbon credit certificates rose to €4.9 million from €2.9 million owing to higher energy costs Higher energy costs, driven by geopolitical events since February negatively impacted operational EBITDA by €7.1 million (€ 1.5) 1H22 Continued momentum in July and secured backlog provides strong forward visibility 37#38Accelerated Operational Momentum in July Allego Total Energy Sold 12.3 GWh Utilization rate ~ 11.5%, up Allego> 80% ↑ YoY 540bps YOY Total Charging Sessions 61% t YoY User recurrency per month Approximately 80% Note: Utilization rate of UFC calculated based on a total capacity of 50 sessions per day per charger and is inclusive of Mega-E. Source: Company information 38#39Strong Revenue Visibility from Secured Backlog and Pipeline Operational Allego> Secured expansion Future expansion plans 1. Reflects the exercise of Mega-E purchase option. Source: Company Information, Data as of June 30, 2022 # of ports Total Allego Owned Fast and Ultra-Fast Charging Ports¹ Existing Presence ~900 Sites 1,293 Public fast charging ports in operation Secured Backlog ~1,100 Sites Backlog up ~46% since year-end 2021 and 120% vs. prior-year period Utilization trend validated 7,893 ~6,600 10- to 15-year leases or MOUS have been signed for premium sites Pipeline 1,000 Additional Sites Exclusivity secured 13,893 ~6,000 M Additional premium sites identified Exclusivity in discussion 39#40Allego's Charging Business Model is Underpinned by Strong Unit Economics Average Site Economics Attractive returns without subsidies, and based on conservative utilization and margins (€ in '000, except €/kWh and sales in kWh) Utilization Rate Total MWh per site x Average Price (c per kWh) Charging Revenue per site Gross Profit per site Gross Margin (%) Total Capex Subsidies/HBE (carbon credits) Total Cash Flow Cumulative Cash Flow Average Payback Period (years) 10-year IRR Allego> Excluding Incentives Assumes Allego fully funds capex with no incentives Expansion of site through periodic investment of €100,000 in capex every 2 years Highly attractive 10-year IRR despite exclusion of subsidies 1 8.3% 254 55 € 143 € 40 28.0% (€ 327) (€ 287) (287) 4.2 29.7% Year 5 15.9% 662 57 € 377 € 186 49.5% (€ 100) € 86 68 10 16.0% 1,110 57 € 632 € 312 49.4% 0 €312 1,107 Including Incentives Total of €65,000 in subsidies received in 2022 to offset capital expenditures Price differential reflects upside captured through carbon credits; incremental ~€0.075 per kWh 1 6.0% 168 65 € 143 € 31 28.0% (€ 327) 84 (€ 203) (203) 3.1 49.7% Year 5 15.9% 662 57 € 377 € 186 49.5% (€ 100) 50 € 136 I 309 Note: Year 1 represents 2022E, Year 5 represents 2026E, and Year 10 represents 2031E. HBE credits of €19, €50, and €83 are estimated in years 1, 5, and 10 respectively Source: Company Information 10 16.0% 1,110 57 € 632 € 312 49.4% 0 83 €395 1,679 40#41Capital Structure and Guidance Capital Structure 01 Increased existing credit facility in July through a €50 million accordion feature, now totaling €170 million 02 On track to close a new and expanded €350-€400 million credit facility in early fall to support the significant backlog Guidance for full year 2022 Total energy sold: 150 GWh-160 GWh Allego> Revenue: €135 million- €155 million Guidance as of 8/22/2022 Operational EBITDA: Positive 150 Allego 41#42Laadpunt 3 Case Studies High Value-Add Services for Fleets & Third-Parties 512 post#43Allego Fleet Case Study ● ● ● City of Amsterdam Taxis in Amsterdam are frequent users of Allego's network In collaboration with taxi operators and using Allamo™, Allego selected charging sites that would be most convenient for taxi drivers During Q4'2021, these sites averaged 23% utilization rate NR 746 H Allego> allego Gemeente X xxx Amsterdam > Allego's Use Case for Fleets Source: Company information DIRIGE ● City of London REWE German supermarket chain with ~3,300 stores across Europe fluvius. Belgian utility company that manages regional electrical grid Fleet and logistics companies are beginning to shift strategically toward electric vehicles Currently in discussions to construct an e-truck highway charging hub for Lidl and other retailers in the Netherlands L Uber Global leader in ridesharing In the City of London, similar to Allego's program in Amsterdam, electric taxis benefit from public charging units Assessing partnership with Uber in targeted cities; using Allego's public charging network, drivers can conveniently charge vehicles between trips Allego is an ideal partner for fleet companies because of its large Ultra-Fast and Fast public charging network, as well as its charging solutions services offering 43#44Allego Offers High-Value Services for Third-Parties that Generate Traffic on Allego's Network m Manage site installation for customers Run and service charging sites 143 29 allego Provide essential data analytics Allego> Installation Consulting and Services Design, supervise the building of and calibrate sites for third parties Offering includes network planning and hardware selection Operations & Maintenance ● Operate sites on behalf of third parties Perform preventive and corrective maintenance 24/7 support Software Suite Provide full EV CloudTM operational support to customers Provide access to direct end-user billing Source: Company information Overview of Key Service Contracts Addressable Need Project Strategic Fit NISSAN ● · ● ● ● ● All-in service to dealers All-in service to dealers ● Deploy 600+ Fast chargers at dealerships across 16 countries 5-year O&M contract Pan-European installation services and maintenance capabilities Interoperability EV CloudTM services Flexibility to onboard new suppliers Hardware independent Access to Allego proprietary network Experience with Fast and Ultra-Fast charging Experience with Fast and Ultra-Fast charging Deploy 14 Fast chargers and 47 Ultra-Fast chargers in the Netherlands; deploy 68 Fast chargers and 25 Ultra-Fast chargers in the UK 2-year O&M contract One of the few EV charging networks with experience in Fast and Ultra-Fast charging Installation consulting and services necessary to equip fueling stations with EV chargers EV Cloud™ services 44#45300 Allego Capital Structure EX Ownership Profile ZB65-6#46Capital Structure Security Description Shares held by Madeleine Shares held by E8 Investor Locked-up Shares held by Spartan & Affiliates Public Shares and Other Shares Total Shares Outstanding Total Warrants Allego> Outstanding (O/S) 197,837,067 41,097,994 13,800,000 14,442,531 267,177,592 13,799,948 Source: Company Information as of August 9, 2022 % of O/S Shares 74.0% 15.4% 5.2% 5.4% 100.0% Subject to Lock-Up Yes (Other than 3,000,000 shares) (Expires no later than Sept. 2022) Yes (Lock-up on 39,876,396 shares expires Sept. 2023 and lock-up on 13,292,132 shares expires Sept. 2026) Yes (Expires No later than Sept. 2022) No 46#47Meridiam (via Madeleine subsidiary) has been our Long-Term Holder Overview of Meridiam > Founded in 2005, Meridiam is an independent investment Benefit Corporation, an asset manager, and a leading specialist in sustainable greenfield infrastructure globally Portfolio companies/projects include LaGuardia Airport and the new SUEZ Accelerated our network expansion, reaching 14 European counties today vs. 5 prior Together with Allego, created a financing vehicle called AssetCo in November 2021 to leverage outside financing from green bonds ● The entity's first project requires €138mm to deploy ~2,000 fast and ultra-fast ports for French retailer, Carrefour Key focus areas Meridiam for people and the planet Allego> Innovative low carbon solutions Sustainable mobility Critical public services 1. As of April 2022 Source: Broker research and company Information Meridiam in numbers¹ 18bn+ USD of AUM 100+ Projects around the world 888 Geographical presence across Europe, Africa and the Americas 888 350 employees 888 11 offices 75bn USD of capital invested since inception in 2005 51 countries 28,000 EV charging points 47#48Appendix Financial Statements Reconciliation HUM 30 Allego Allego#49Reconciliation of Non-IFRS Financial Measures (in €mm) (unaudited) Loss for the period Income tax Finance costs Amortization and impairments of intangible assets Depreciation and impairments of right-of-use assets Depreciation, impairments and reversal of impairments of property, plant and equipment EBITDA Fair value gains/(losses) on derivatives (purchase options) Share-based payment expenses Transaction costs Bonus payments to consultants Lease buyouts Business optimization costs Reorganization and Severance Operational EBITDA Cash generated from operations Capital expenditures Proceeds from investment grants Free cash flow Allego> 1H2022 (245.9) 0.2 (15.1) 1.7 2.9 5.9 (250.3) (3.8) 240.6 9.1 2.9 (1.5) 1H2021 (143.8) 0.6 7.3 1.3 0.9 3.5 (130.2) (0.2) 121.9 4.6 (3.9) 2021 (319.4) 0.4 15.4 2.7 3.4 5.6 (292.2) (2.9) 291.8 11.8 0.6 0.1 9.2 (9.2) (15.6) 1.7 (23.1) 2020 (43.4) (0.7) 11.3 3.7 1.8 4.8 (22.5) 7.1 0.1 1.8 3.8 (9.7) (34.4) (18.4) 3.2 (49.6) 2019 (43.1) 0.3 5.9 2.3 1.3 4.7 (28.6) 0.8 (27.8) (56.9) (17.0) 3.3 (70.6) FLUID 49#50> Keep Driving Forward HUM30 Allego Allego Allego>

Download to PowerPoint

Download presentation as an editable powerpoint.

Related

Second Quarter 2022 Earnings Presentation image

Second Quarter 2022 Earnings Presentation

Consumer

TATA CONSUMER PRODUCTS Earnings Update image

TATA CONSUMER PRODUCTS Earnings Update

Consumer

Aeva Results Presentation Deck image

Aeva Results Presentation Deck

Consumer

Despegar Investor Day Presentation Deck image

Despegar Investor Day Presentation Deck

Consumer

Vroom Investor Day Presentation Deck image

Vroom Investor Day Presentation Deck

Consumer

Solo Brands IPO Presentation Deck image

Solo Brands IPO Presentation Deck

Consumer

Arrival Results Presentation Deck image

Arrival Results Presentation Deck

Consumer

Bed Bath & Beyond Results Presentation Deck image

Bed Bath & Beyond Results Presentation Deck

Consumer