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 on fair value remeasurement of contingent consideration
Change in fair value of redeemable warrant liability
Change in fair value of Alignment Shares liability
Other expense, net
Adjusted EBITDA
Adjusted EBITDA Margin ¹
Reconciliation of Adjusted EBITDA margin:
Adjusted EBITDA
Operating revenues, net
Adjusted EBITDA margin
¹ Adjusted EBITDA and Adjusted EBITDA Margin are non-GAAP financial measures
$
$
Three Months Ended
March 31,
2023
(in thousands)
3,845 $
888
12,446
11,376
2,872
1,491
50
(17,018)
90
16,040 $
2023
(in thousands)
Three Months Ended
March 31,
16,040
29,378
2022
55 %
60,135
(123)
4,938
6,822
1,305
294
169
(18,458)
(46,346)
15
8,751
2022
8,751
19,199
46 %
r
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