Investor Presentaiton
Business Model Underpinned by Strong Unit Economics
California Project
• 2 100kW and 4 175kW chargers equipped with 2 Tesla
Connectors in LA
• Assumes both program funding and partner funding at
beginning of project
Non-California Project
.
•
2 100kW and 2 350kW chargers equipped with 2
Tesla Connectors in Washington
Assumes only program funding at beginning of
project, as well as a lease bonus to the host
($ and kWh in thousands)
kWh Dispensed
Utilization
Revenue
($ and kWh in thousands)
Year 0
Year 1
Year 7(1)
Year 0
Year 1
Year 7 (1)
155
705
kWh Dispensed
145
8.9%
22.9%
Utilization
11.1%
545
23.7%
$265
$470
Revenue
$70
$245
(-) Operating Expenses
(180)
(290)
(-) Operating Expenses
($10)
(50)
(95)
EBITDA
$85
$180
EBITDA
($10)
$20
$150
Net capex
(260)
Net capex
(165)
Annual Cash Flow
Payback period
($260)
$85
$180
2.5 yrs.
Annual Cash Flow
Payback period
($175)
$20
$150
3.5 yrs.
7 Year Unlevered IRR: 35.0%+(1)
Payback period: ~2.5 years
Average cash yield: ~50%(1)
Robust underwriting standards underpin disciplined capital allocation
Multi-faceted analysis for each charging underwriting
Proprietary utilization data and sophisticated forecasting tools
7 Year Unlevered IRR: 30.0%+(1)
Payback period: ~3.5 years
Average cash yield: ~50% (1)
Year 0
Year 1
Year 2 Year 3
Year 4 Year 5
Year 6 Year 7
Cumulative Cash Flow
Year 0 Year 1
Annual Cash Flow
Year 2
Year 3
Year 4
Year 5 Year 6
Year 7
(1)
Source: EVgo Bertie analysis toolkit.
EVgo believes charging assets have 10+ year useful life. Underwriting evaluation period limited to 7 years to de-risk projections.
EVgo
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