Altus Power Results Presentation Deck
Non-GAAP
Reconciliation
ALTUSPOWER
Adjusted EBITDA¹
Reconciliation of Net income (loss) to Adjusted EBITDA:
Net income (loss)
Income tax (benefit) expense
Interest expense, net
Depreciation, amortization and accretion expense
Stock-based compensation expense
Acquisition and entity formation costs
Gain (loss) on fair value of contingent consideration
(Gain) loss on disposal of property, plant and equipment
Change in fair value of redeemable warrant liability
Change in fair value of alignment shares liability
Other (expense) income, net
Adjusted EBITDA
Adjusted EBITDA Margin¹
Reconciliation of Adjusted EBITDA margin:
Adjusted EBITDA
Operating revenues, net
Adjusted EBITDA %
$
$
2023
$
Three Months Ended
September 30,
1 Adjusted EBITDA and Adjusted EBITDA Margin are non-GAAP financial measures
(in thousands)
6,776
(1,940)
9,180
13,719
4,176
268
50
(3,508)
339
29,060
2023
Three Months Ended
September 30,
(in thousands)
29,060
45,079
64%
$
$
2022
es es
$ (96,628)
1,964
5,657
7,134
2,708
237
825
(2,222)
29,564
72,418
(2,267)
$ 19,390
2022
19,390
30,438
64%
$
$
Nine Months Ended
September 30,
2023
(in thousands)
13,991
77
30,150
38,054
11,304
3,128
150
649
(23,331)
1,569
$ 75,741
2023
Nine Months Ended
September 30,
(in thousands)
75,741
120,970
63%
2022
$
$
$ (14,919)
2,548
15,768
20,819
6,670
583
(146)
(2,222)
6,447
9,367
(2,860)
$ 42,055
2022
42,055
74,399
57 %
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