Altus Power Investor Presentation Deck
Cash Generation Reinvested Into Additional Growth
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●
●
Adjusted EBITDA ($MM)¹
Cash from Operations ($MM)²
$22
$5
Focus on Cash Generation
2019
$26
Blackstone Expandable
Funding Facility
First Investment Grade Rated
Commercial Solar Facility
Long-Dated Maturity
Fixed Rate + Non-Recourse to
Company
$12
2020
LONG-TERM FUNDING
●
$41
●
$24
2021
$59
$35
2022
Tax Equity Funding
Investment Tax Credit (ITC) widely
available for 30% of new asset
costs
Expect additional funding from ITC
adders
$100
SHORT-TERM FINANCING
●
2023E
Revolving Credit Facility
Up to $200 MM available
Available for general corporate
purposes, including purchase
of system components
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Target Funding of
Development Asset
BX Funding
Facility
*For development projects
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
2 "Net cash provided by operating activities" as shown in the company's "Consolidated Statement of Cash Flows" in SEC filings
ALTUSPOWER
RENEWABLE ENERGY
Tax Equity*
60-70%
of Asset Cost
30%
of Asset Cost
Cash
0-10%
of Asset Cost
No Common Equity Issuance
Expected For 2023 Growth PlanView entire presentation