Altus Power Results Presentation Deck
Non-GAAP
Reconciliation
box
Adjusted EBITDA¹
Reconciliation of Net income to Adjusted EBITDA:
Net income
Income tax expense (benefit)
Interest expense, net
Depreciation, amortization and accretion expense
Stock-based compensation
Acquisition and entity formation costs
Loss (gain) on fair value remeasurement of contingent
consideration
Gain on disposal of property, plant and equipment
Change in fair value of redeemable warrant liability
Change in fair value of Alignment Shares liability
Loss on extinguishment of debt
Other (income) expense, net
Adjusted EBITDA
Adjusted EBITDA Margin ¹
Reconciliation of Adjusted EBITDA margin:
Adjusted EBITDA
Operating revenues, net
Adjusted EBITDA margin
Three Months Ended
December 31,
2022
¹ Adjusted EBITDA and Adjusted EBITDA Margin are non-GAAP financial measures
(in thousands)
67,086 $
(1,472)
6,394
8,781
2,734
3,046
2022
225
(800)
(70,681)
2,303
(1,066)
16,550 $
(in thousands)
16,550
26,764
Three Months Ended
December 31,
62 %
2021
$
14,473 $
1,792
5,971
6,800
37
303
(400)
(12,842)
2,332
(5,013)
(593)
12,860 S
2021
12,860 $
21,578
60%
2022
Year Ended
December 31,
(in thousands)
52,167
1,076
22,162
29,600
9,404
3,629
2022
79
(2,222)
5,647
(61,314)
2,303
(3,926)
58,605 $
Year Ended
December 31,
(in thousands)
58,605 $
101,163
58%
2021
13,005
295
19,933
20,967
148
1,489
(2,800)
(12,842)
2,332
(5,013)
3,245
245
41,004
2021
41,004
71,800
57 %
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