Altus Power Investor Presentation Deck
How Altus is Differentiated
Balance Sheet Capacity
1. Altus Power's relatively conservative leverage metrics are driven by our long-term contracted cash flows
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Our current lenders primarily focus on debt-service coverage (DSCR) and loan-to-value (LTV)
✓ Altus Power targets 65-70% LTV when financing assets and portfolios
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Below 6x Net Debt to Exit PAR¹
2. All outstanding long-term debt is non-recourse to Altus Power, Inc.
✓ Securitized by cash flows from our long-term contracted assets
3. Untapped potential access to other sources of capital, including corporate debt or preferred equity as
opportunities arise
1 Using 12/31/22 total long-term debt minus cash divided by Exit PAR. Exit PAR, or the exit portfolio annualized rate, reflects the estimated annual adjusted EBITDA
potential of our operating asset base at the end of the year and assumes customary weather, production, expenses and other economic and market conditions. This figure
is a non-GAAP measure and only an estimate and is based on a number of assumptions by Altus Power's management that may or may not be realized.
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