Allego Results Presentation Deck
Fourth Quarter 2022 Highlights
FINANCIAL HIGHLIGHTS (UNAUDITED)
€
Revenue of €60.9 million (+10.7% y-o-y)
Charging revenue rose 228% y-o-y, benefitting from improvements in
utilization rate, an increase in number of chargers, as well as price increases
Service revenue declined 27.5% y-o-y driven by a decrease in anticipated
Carrefour and Mega-E revenues compared to prior year.
Total energy sold increased to 47.7 GWh, 66.7% growth from the prior-year
period.
Fourth quarter 2022 average utilization rate¹ jumped to 13.4%, an 80.6%
improvement over the prior-year period.
Fourth quarter 2022 total number of charging sessions increased 29.6% to 2.6
million over the prior year period.
Fourth quarter 2022 net loss was €(40.0) million, vs. €(95.9) million in the period
one year ago; Operational EBITDA was €7.8 million vs. €14.8 million.
Allego>
2.
Key Highlights
Signed first power purchase agreement ("PPA") in November with a major
European independent renewable power producer in Germany, starting
January 1, 2023. Additional PPAS signed in 2023 for a total volume of more
than 160 GWh.
Entered acceleration phase of Carrefour project, adding more than 2,000 fast
and ultra-fast EV charging ports across 200 charging locations in France.
Operations and maintenance contract spans 12 years.
>
We expect current and future financing options to fully fund the development
of a secure backlog of 1,314 sites.²
>
Successfully expanded credit facility by €230 million to €400 million.
Source: Company information. Financial Information is unaudited.
1.
Utilization rate, a key performance measure, is defined as the number of charging sessions per charger per day divided by a maximum number of charging sessions per day of 50 (for the ultra-fast charging pole).
Inclusive of Mega-E.
As of March 31, 2023
5View entire presentation