Altus Power Results Presentation Deck
Second Quarter 2023 Results
Revenue ($M)
$46.5
$24.8
2Q 2022
Second Quarter 2023 Was The Most Profitable in Company History¹
2Q 2022
$21.6
2Q 2023
Net Income ($M)*
2Q 2023
$3.4
Adjusted EBITDA² ($M)
$30.6
$13.9
2Q 2022
2Q 2023
Adjusted EBITDA Margin²
20 2022
56%
2Q 2023
66%
Installed Portfolio
(MWs) ³
369
2Q 2022
698
2Q 2023
*GAAP Net Income figures includes non-cash gains from remeasurement of alignment shares of $16.7M and $2.8M for 2Q 2022 and 2Q 2023, respectively.
1 "Profitable" refers to the Company's second quarter 2023 adjusted EBITDA, which is management's primary measure of profitability for the Company, as compared to the adjusted EBITDA for any other quarter since the inception of the Company,
including Altus Power, LLC f/k/a Altus Power, Inc. Please see refer to our reconciliation of adjusted EBITDA in the appendix for information about how adjusted EBITDA differs from GAAP net income and how we define adjusted EBITDA.
2 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.
3 As of June 30, 2022, and June 30, 2023, respectively
ALTUSPOWER
RENEWABLE ENERGY
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