Altus Power SPAC Presentation Deck

Trading Multiples 2022E EV/EBITDA Multiple 2023E EV/EBITDA Multiple Altus Power 1. 2. -64% / 51% discount to median peer trading multiples 19.4x1 14.3x ALTUS POWER -60% discount to median peer trading multiples 10.6x3 ALTUS POWER Peer Median: 22.8x 24.0x4 SUNPOWER Residential Solar 19.0x SUNPOWER 21.5x2 Peer Median: 16.0x sunn va 12.9x 2 sunn va NM sunrun NM sunrun 17.5X ARRAY 13.2x ARRAY Solar Technology Peer Median: 38.6x 49.2x ENPHASE Peer Median: 26.6x 39.2x ENPHASE Source: FactSet, Wall Street Equity Research. Note: Utilize Q2 2021 financial statements, updated for subsequent events. Market data as of September 23, 2021. Represents calendar and annualized EBITDA range. Principal and interest adjustment from equity research. 44.3x 27.9X shouls 3. 4. -32.8x- -34.7x solaredge Bloomenergy 25.4x 21:9x solaredge Bloomenergy Peer Median: 63.8x NM -chargepoint NM NM Peer Median: 43.4x -chargepoin+ EVgo NM EVgo Energy Transition Represents calendar year EBITDA. Market value of Enphase shares has been included in cash balance. CBRE Acquisition Holdings 65.0x HANNON ARMSTRONG 44.2x HANNON ARHSTRONG 162.8x stem 42.5X stem 62.5× T TESLA 50.5× T TESLA A ALTUS POWER NM VOLTA NM VOLTA Comp 2022 Median: 39.5x Comp 2023 Median: 26.6x 39

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