Alternus Energy SPAC Presentation Deck
OPERATIONAL BENCHMARKING
ALTERNUS RESULTS BASED ON EXISTING OWNED AND CONTRACTED
PROJECTS
EBITDA CAGR
(2022-2024)
Revenue CAGR
(2022-2024)
2024 EBITDA
Margin
109.2%
82.5%
ALTERNUS ALTUS POWER reenvolt
78.6%
80.0%
ALTERNUS
66.4%
54.7%
84.6%
edp renováveis
45.7%
53.8%
84.2%
44.2%
sunnova ECOENER voltalia
52.6%
83.2%
NEOEN
Azure Power
34.4%
27.6%
ALTERNUS ALTUS POWER GreenVolt ECOENER Sunnova NEOEN Renes la voltalia
77.9%
20.6%
22.8%
76.0%
ReneSola NEOEN
19.7%
19.5%
75.0%
BORALEX ECOENER ENCAVIS
15.0%
71.2%
Atlantica
11.3%
Azure Power
11.0%
Azure Power
63.6%
ALTUS POWER
7.9%
edp renováveis
10.7%
ada renováveis
58.8%
NORTHLAND
POWER
Financials & Valuation 36
54.6%
North America & Europe Focused
Global
6.9%
3.1%
2.4%
Atlantica ENCAVIS BORALEX
6.3%
4.2%
Atlantica BORALEX
voltalia
50.9%
GreenVolt
Median: 19.5%
35.7%
3.1%
ENCAVIS
-3.4%
NORTHLAND
POWER
Median: 15.0%
-2.4%
NORTHLAND
POWER
Median: 71.2%
17.4%
sunnova Renes la
Source: S&P Capital IQ, Market Data as of 10/11/2022. Peer Revenue and EBITDA reflect Analyst Consensus Estimates for Fiscal Years, which may be calculated differently from how Alternus calculates EBITDA and may or may not include
annualization or other adjustments.
1) Alternus EBITDA CAGR reflects Pro Forma EBITDA after Annualization Adjustment per Page 33. Alternus EBITDA Margin reflects "EBITDA" and "EBITDA Margin" per Page 33.View entire presentation