Altus Power Results Presentation Deck
Third Quarter Results Support Full-Year Guidance Range
Revenue ($M)
$45.1
$30.4
3Q 2022
3Q 2023
3Q 2022
($96.6)
Third Quarter Results
Net Income ($M)*
3Q 2023
$6.8
Adjusted EBITDA¹
($M)
$19.4
3Q 2022
$29.1
3Q 2023
Adjusted EBITDA Margin¹
3Q 2022
64%
3Q 2023
64%
$58.6
Affirming 2023 Guidance Range¹
Adjusted EBITDA ($M)
2022A
ALTUSPOWER
RENEWABLE ENERGY
*GAAP Net Income figures include non-cash (loss) and gain from remeasurement of alignment shares of ($72.4M) and $3.5M for 3Q 2022 and 3Q 2023, respectively.
1 Adjusted EBITDA and Adjusted EBITDA Margin are non-GAAP financial measures. Please see Financial Statements in the Appendix for a reconciliation to the most directly comparable GAAP measures.
$97-$103
2023 Guidance
Adjusted EBITDA margins in the
mid-to-high fifty percent range
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