Altus Power Results Presentation Deck
Non-GAAP
Reconciliation
ALTUSPOWER
Adjusted EBITDA¹
Reconciliation of Net income to Adjusted EBITDA:
Net income
Income tax expense
Interest expense, net
Depreciation, amortization and accretion expense
Stock-based compensation expense
Acquisition and entity formation costs
Loss (gain) on fair value remeasurement of contingent consideration
Change in fair value of redeemable warrant liability
Change in fair value of alignment shares liability
Other expense (income), net
Adjusted EBITDA
Adjusted EBITDA Margin¹
Reconciliation of Adjusted EBITDA margin:
Adjusted EBITDA
Operating revenues, net
Adjusted EBITDA margin
Three Months Ended
June 30,
2023
3,370
1,129
8,524
12,959
4,256
1,369
50
(2,805)
1,789
30,641
(in thousands)
2023
1 Adjusted EBITDA and Adjusted EBITDA Margin are non-GAAP financial measures
30,641
46,513
66%
2022
(in thousands)
21,574
707
5,173
6,863
2,657
Three Months Ended
June 30,
52
(1,140)
(4,659)
(16,705)
(608)
13,914
2022
13,914
24,762
56%
Six Months Ended
June 30,
2023
7,215
2,017
20,970
24,335
7,128
2,860
100
(in thousands)
(19,823)
1,879
46,681
2023
46,681
75,891
62 %
$
Six Months Ended
June 30,
2022
(in thousands)
81,709
584
10,111
13,685
3,962
346
(971)
(23,117)
(63,051)
(593)
22,665
2022
22,665
43,961
52 %
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