At ValueAct Capital, Ms. Coyne is responsible for evaluating investment opportunities and managing a diverse portfolio of investments and has . Global Workplace Solutions, he oversaw a global business that grew to achieve 2020 revenue of $15.3 billion Lead Independent Director, Board of Directors of Charles River Associates (NASDAQ: CRAI) Rob Horn Director (Independent) Leads investment CBAH and Altus Power urge investors . Battery Storage Capacity Q1 2023 Altus Power Inc Earnings Call - Yahoo Finance expenditures. Adjusted EBITDA for 2021 totaled $41.0 million, with adjusted EBITDA margin of 57%. The Altus Power management team will host a conference call to discuss its first quarter 2022 financial results on Monday, May 16, 2022, at 8:30 a.m. Eastern Time. Diversified Asset Base Blue-chip customer base and high quality counterparties with a weighted average offtaker rating of A1 ~65% of assets have a 1 4% PPA escalator Average remaining contract life of ~18 years1 By focusing on a diversified current or prospective customers could result in negative publicity, claims, investigations and litigation, and adversely affect our financial performance. Any reproduction or distribution of this Presentation, in whole or in part, or the disclosure of its contents, without the prior consent of SPAC and Altus Power is prohibited. The call can be accessed via a live webcast accessible on the Events & Presentations page in the Investor Relations section of Altus Powers website at www.altuspower.com. Altus Power, Inc. Announces Fourth Quarter and Full Year - Morningstar 410 MW is comprised of (a) operating and mechanically complete (265 MW), (b) near-term construction expected to be completed by year-end 2021 Altus Power also believes that these non-GAAP measures of financial results (including on a forward-looking basis) 2 2 1 2 $403mm in cash-in-trust and $275mm PIPE $343mm cash to balance sheet Pre-money equity valuation of $900mm Significant alignment Includes CBRE properties managed on behalf of third parties. furnished in connection with the Transaction. If you experience any issues with this process, please contact us for further assistance. 2020 2030E CAGR: ~46% Key Drivers Capacity Growth Storage ir@altuspower.com. Altus Power Fourth Quarter 2021 Earnings Call. This Presentation is restricted by law; it is not intended for distribution to, or use by any person in, any jurisdiction where such distribution or use would be contrary to local law or . Managing Director at Cohen & Company Served as Head of Capital Markets and subsequently led the Alternative Assets effort Former Managing Director and Co-Head of U.S. sub-advisory relationship with Franklin Square concluded effective April 9, 2018. CBRE Acquisition / Altus Power Merger - An Optimal SPAC Deal Chris Shelton - Head-Investor Relations. Altus Power : Investor Presentation: PU. . This figure is a non-GAAP measure and only an estimate and is based on a number of assumptions by Altus Power's management that may or may not be realized. Altus Power, Inc. | Overview To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. operating history Low customer acquisition cost Blackstone and CBRE strategic partnerships offer immediate access to a large, diversified customer base seeking clean energy National developer base with local expertise in sourcing new customers activities in renewable energy and sustainable resources Member of Blackstones ESG committee Member of investment committee for all Blackstone Credit Private Funds, Altus Power Competitive Positioning projections are subject to significant risks, assumptions, estimates and uncertainties, including assumptions regarding future legislation and changes in regulations, both inside and outside of the U.S. As a result, our projected revenues, market Many of these laws and . Other companies may calculate non-GAAP measures differently, or may use other measures to calculate their financial performance, and therefore, Altus Power's non-GAAP measures Altus Power is the Leader in C&I Solar U.S. Installed Capacity by Year (GW) 2020 2030 Capacity increase: ~290%, Altus Power Leases Commercial Roofs Investor Presentation - Tritium DCFC Limited competitive pricing to our customers in our current markets, and changes to net energy metering policies may significantly reduce demand for electricity from our solar energy systems. Our historical financial results may not be indicative of what our actual financial position or Represents ownership at close assuming no redemptions and full repayment of the Altus Power Pref. Product liability claims against us could result in Our relationship with CBRE is new and developing and may not result in profitable You can unsubscribe to any of the investor alerts you are subscribed to by visiting the 'unsubscribe' section below. Capabilities are Transforming Electrification, Proprietary Software Driving Data control over financial reporting in a manner that meets the standards of publicly traded companies required by Section 404 of the Sarbanes-Oxley Act. reduction in the retail price of traditional utility-generated electricity or electricity from other sources could harm our business, financial condition, results of operations and prospects. Business and Operational Risks Our exhaustive. consummated by year-end 2021 (95 MW). Accordingly, there can be no assurance that the prospective results are indicative of Altus Power - Products, Competitors, Financials, Employees, Headquarters Locations This presentation accompanies Altus Power's earnings call for the fourth quarter and year ended December 31, 2022, which was held on March 30, 2023, and is intended to assist in understanding information Altus Power's management discussed in that call. Announces First Quarter 2023 Financial Results 05/15/2023 electrification product and services demand . leading to significant increases in revenue per customer Spartan 10.0 MW Solar System, Operating Asset and Financial After submitting your request, you will receive an activation email to the requested email address. In addition, our calculation of adjusted EBITDA is not necessarily comparable to adjusted EBITDA as calculated by other companies. Financial Information The financial information contained in this Presentation has been taken from or prepared based on the historical financial statements of Altus Power for the periods presented. ICR, Inc. At Altus Power, we promise to treat your data with respect and will not share your . ir@altuspower.com. distributed solar with Altus Power Largest institutional shareholder of Altus Power pro forma with board representation Real Estate $196Bn Private Equity $141Bn $32Bn Tactical Opps $38Bn Strategic Partners $82Bn Blackstone Alternative Assets Mgmt Please see Financial Statements in the Appendix for a reconciliation to the most directly comparable GAAP measures. important information about the proposed business combination. PDF Investor Presentation April 2023 community solar customers 410 MW1 Leading private C&I solar platform 900+ MW Pipeline 69% 2023E EBITDA Margin ~273,0002 Metric tons of CO2 avoided annually ~18yr Remaining avg. capable of driving significant growth Captive long-term customer relationships Market-leading cost of capital from structured investment grade rated scalable credit facility High operating leverage structured with the financial flexibility to customer acquisition cost No asset ownership and limited recurring revenue Alternative business models Altus Power is a Category Defining Company Residential Solar Energy Transition Solar Technology Altus Power may be compared across a variety of economics granted even when stock underperforms) create misalignment with investors Seller dilution creates misalignment with target companies Sponsor receives upfront economics less aligned We look forward to the opportunity to partner with additional CBRE clients to reduce their electricity costs and help decarbonize their operations. Altus Power, Inc. (AMPS) Q1 2023 Earnings Call Transcript third-party-owned solar energy systems. The assumptions and estimates underlying the prospective financial information are inherently uncertain Our results of operations may fluctuate from quarter to quarter, which could make our future performance difficult to predict and could cause our results of operations for a particular period to fall below expectations, resulting in a Our business, Operational Benchmarking 21 48 GW by 2030 Technology improvements expected to enable solar to capture 65% of the total corporate renewable market through 2030 CBRE has deep and broad relationships with companies across the Fortune 1000 and Global 1000 Source: WoodMac, other assessments on solar energy, could result in, among other items, the lack of a satisfactory market for the development and/or financing of new solar energy projects, our abandoning the development of solar energy projects, a loss of our News. Subscribe To Investor Email Alerts. This presentation should be viewed in conjunction with the March 30, 2023, earnings call, a reply of which is available on Altus Power's website at www.altuspower, under Investor. Credit AUM is a combined Altus Power, Inc. | Altus Power Fourth Quarter 2021 Earnings Call Sign up for our press releases Altus Group (TSX: AIF) is a leading provider of asset and fund intelligence for commercial real estate. companies published ESG reports in 2019 315 TWh Annual energy spend from RE100 companies ~11.5x Growth Solar and storage capacity growth by 20501, Altus Power is One of the Largest Altus Power : Investor Presentation | MarketScreener Microsoft) 6+ GW of solar installed by Ms. Coyne was elected to the board of directors of Altus Power, Inc. upon the initial listing of the Company in December 2021. These forward-looking statements are based on SPAC's and Altus Power's current The operation and maintenance of our facilities are subject to many Altus Powers 2020 financial information presented herein is unaudited. This presentation contains, and our responses to various questions from investors may include, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on Altus Powers managements current expectations and beliefs, as well as a number of assumptions concerning future events. Data and Analytics to Identify Potential Opportunities CBRE is expected to leverage its Data & Analytic capabilities to create a new software tool capable of analyzing client portfolios to aid in identifying attractive opportunities for Altus SEC Filings; Information Request Form; IR Contact. Inclusion of the prospective financial information in this Presentation Adjustments to reconcile net income (loss) to net cash from operating activities: Unrealized (gain) loss on interest rate swaps, Amortization of debt discount and financing costs, Remeasurement of contingent consideration, Changes in assets and liabilities, excluding the effect of acquisitions, Net cash provided by operating activities, Payments to acquire businesses, net of cash and restricted cash acquired, Payments to acquire renewable energy facilities from third parties, net of cash and restricted cash acquired, Proceeds from disposal of property, plant and equipment, Payments for customer and site lease acquisitions, Distributions to common equity stockholder, Proceeds from the Merger and PIPE financing, Payment of transaction costs related to the Merger, Proceeds from issuance of common stock and Series A preferred stock, Payment of dividends and commitment fees on Series A preferred stock, Contributions from noncontrolling interests, Distributions to noncontrolling interests, Net cash provided by financing activities, Cash and restricted cash, beginning of year. The presentation includes financial information not prepared in accordance with generally accepted accounting principles ("Non-GAAP Financial Measures"). Senior Advisor at Bain & Company Richard Peretz Audit Chair (Independent) Over 35 years of experience leading global accounting, finance, and operations teams with prior experience on company boards Former CFO of United Parcel Service (UPS), EPA Greenhouse Gas Equivalencies Calculator utilizes expected 2021 annual generation. Scenario Timing SAILSM Structure SAILSM Creates Alignment Sponsor economics are tied to the performance of Altus Power long-term and is not guaranteed Lack of upfront, concentrated seller dilution at deal price CBRE is incentivized to create value The presentation of non-GAAP financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. Independent Clean Electrification C&I Companies 410 MW is comprised of (a) operating and mechanically complete (265 MW), (b) near-term construction expected to be completed by year-end 2021 (50 MW) and (c) near-term acquisitions expected to be All rights reserved. The recipient also acknowledges and agrees that the information contained in this Presentation is preliminary in nature and is subject to change, and any such Represents calendar year EBITDA. Altus Power's management uses certain of these non-GAAP measures to compare Altus Power's performance GAAP net income of $3.8 . Investor Email Alerts. Compliance with occupational safety and health requirements and best intentions or strategies regarding the future. Representative of 265 MWs. Exit PAR, or the exit portfolio annualized rate, reflects the estimated annual adjusted EBITDA potential of our operating asset base at the end of the year and assumes customary weather, production, expenses and other economic and market conditions. year-end 2022 Current 900+ MW pipeline represents a ~2.0x coverage over the 445 MW required to achieve 2022 annualized EBITDA Annualized Coverage Ratio Calendar EBITDA Annualized EBITDA % of EBITDA Originated Previous Year 75% 90% $ in millions 69% source software licenses could restrict our ability to provide our offerings. Altus Power, Inc. | Events & Presentations - Events By leveraging our enhanced technology platform to clearly identify the massive value Altus Power can deliver to our clients, we will be able to convert prospects into customers more efficiently, including for the ever-growing Community Solar market. from influencing significant corporate decisions. Key Risks (contd) Our At Altus Power, we promise to treat your data with respect and will not share your information with any third party. While all financial projections, estimates and targets are necessarily speculative, SPAC and Altus Power believe that the preparation of prospective materially adversely affected by work strikes or stoppages and increasing personnel costs. That is equivalent to the CO 2 emissions from: . Shareholder Alignment 20% interest in price appreciation of all capital raised (less redemptions) on first 30% return, and 30% thereafter. Adjusted EBITDA is also used by our management for internal planning purposes, including our consolidated operating budget, and by our board of directors in setting performance-based compensation targets. Altus Power, Inc. | Financials - SEC Filings - SEC Filings Details Altus Power has available and committed, unused tax equity capacity to fund future growth Available Capital at Attractive Rates Illustrative Originations Funding Mix As of December 31, 2020. Investors and security holders of SPAC and Altus Power are urged to read the proxy statement/prospectus and other relevant documents that will be filed with the SEC carefully and in their entirety when they become available because they will contain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the prospective financial information. You can sign up for additional alert options at any time. You can sign up for additional alert options at any time. Investor . If you experience any issues with this process, please contact us for further assistance. The requirements of being a public company may strain our resources, divert managements attention and affect Revenues for the full year 2021 totaled $71.8 million, an increase of 59% over 2020 full year revenue of $45.3 million, primarily due to the increased number of solar energy facilities in our portfolio. Altus Power, based in Stamford, Connecticut, is the nations premier clean electrification company. These statements involve risks and uncertainties and are based upon various assumptions. billion square feet of real estate managed 90% of Fortune 100 are CBRE clients First-rate market intelligence & data analytics to propel Altus Power Utilization of proprietary global data of real estate properties Artificial intelligence & Generated revenues of $24.8 million during second quarter 2022, an increase of 41% over second quarter 2021. which may require that we release the source code of certain software subject to open source licenses or subject us to possible litigation or other actions that could adversely affect our business. Burgeoning Ecosystem Altus Power is positioned to be a one-stop shop for commercial, industrial, municipal, and community solar customers on their clean energy transition, generating value at each step Customer relationships start with hosting going operational do not realize full annual EBITDA until following year Significant portion of annual EBITDA is attributable to assets that have become operational in previous year ~75% of 2023 calendar EBITDA is generated from assets operating by Since the close of its business combination with CBRE Acquisition Holdings in December, Altus Power and CBREs Renewable Energy Solutions team have quickly identified a pool of CBRE clients that could immediately benefit from Altus Powers clean energy project development expertise. Altus Power Second Quarter 2022 Earnings Call. weather. Our business depends in part on the regulatory treatment of After submitting your request, you will receive an activation email to the requested email address. About Us. STAMFORD, Conn., March 30, 2023--Altus Power, Inc. (NYSE: AMPS) ("Altus Power" or the "Company"), the premier independent commercial-scale clean electrification company, today announced its . https://www.dcvelocity.com/articles/49674-schneider-electric-advances-corporate-climate-action-w-global-supply-chain-decarbonization-service Walmart https://www.washingtonpost.com/climate-environment/2020/09/22/climate-clock-week RE100: (ii) to return or destroy all copies of this Presentation or portions thereof in its possession following the request for the return or destruction of such copies; and (iii) to use this Presentation for the sole purpose of evaluating the Our expected growth from referrals from CBRE and Blackstone may not materialize as we projected. otherwise suggests, all references to the Company, we, us or our refer to the business and operations of CBRE Acquisition Holdings, Inc. and its subsidiaries (the SPAC) following Our business is subject to risks associated with construction, cost overruns and delays, and other contingencies * Management focuses on adjusted EBITDA and adjusted EBITDA margin as key measures of profitable growth and approximation of cash flow generation. Collection and Analytics is a proprietary software system developed by Altus Power, providing a fully-integrated platform to manage assets throughout the development and operations lifecycle Centralized Asset Performance Tracking and Analytics Pulls principles generally accepted in the U.S. These non-GAAP measures are an addition, and not a substitute for or superior to, measures of financial performance prepared in accordance with GAAP and should not 24 CAGR: 63% EBITDA1 ($mm) Revenue ($mm) 20 24 CAGR: 66% 20 24 CAGR: 77% EBITDA Margin1 (%) 1, Altus Power EBITDA Coverage Assets We believe adjusted EBITDA is useful to management, investors and analysts in providing a measure of core financial performance adjusted to allow for comparisons of results of operations across reporting periods on a consistent basis. Where Moodys rating is not available, S&P equivalent rating is taken. results of operations would have been if we were a public company. discontinue their employment or consulting relationship with us, it may delay our development efforts or otherwise harm our business. At Altus Power, we promise to treat your data with respect and will not share your information with any third party. Corporations are Leading the Next Wave of Demand Public Sector is Looking To statements is in process and may result in adjustments, corrections and/or changes in presentation from the financial information shown in this Presentation. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the 'unsubscribe' section below. Altus Power, Inc. Announces Date for Release of Third Quarter 2022 supporting evolving product and service opportunities Tangible near-term valuation metrics Exposed to similar ESG / clean energy market dynamic Innovative companies with proprietary technology Valuations benefit from strong near-term growth Higher If we are unable to retain and recruit qualified technicians and advisors, or if our board of directors, key executives, key employees or consultants If you experience any issues with this process, please contact us for further assistance. approval in any jurisdiction in connection with the proposed business combination, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification November 14, 2022. Whether evaluating building and usage data, measuring client consumption, or managing our operations from initial customer engagement through construction and ongoing maintenance, we are investing in our technology platform to support all areas of our growth.. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the 'unsubscribe' section below. More news: Analyst Recommendations on ALTUS POWER, INC. 04/04: updated for subsequent events. Will not sum to pie chart due to rounding. Key Risks (contd) Any systems through greenfield development and third party acquisitions that have long-term PPAs with credit-worthy offtakers Attractive return on invested capital through take-or-pay contracts Generates additional revenues from the sale of renewable Principal and interest adjustment based on 2022 estimate from equity research. 2023 Altus Power, Inc. All rights reserved. Adjusted EBITDA for the full year 2021 totaled $41.0 million, an increase of 60% over 2020 adjusted EBITDA of $25.6 million, due to the growth in revenue from additional solar energy facilities outpacing the increase of operating and general administrative expenses.*. An audit of Altus Powers historical financial statements is in process and You should read the presentation together with our consolidated financial statements and related notes appearing in our 2022 Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 30, 2023 (the "2022 Annual Report on Form 10-K"). "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Market data as of July 9, 2021. tax-related asset and liability amounts, could materially adversely affect our business, financial condition, results of operations and prospects. We may not realize the anticipated benefits of Altus Power, Inc. | Altus Power Fourth Quarter 2022 Earnings Call over extended time horizon Downside gains (i.e. Events & Presentations. Generated revenues of $21.6 million for fourth quarter 2021, an increase of 92% over fourth quarter 2020 . energy transition peers and its characteristics make it a unique investment opportunity Key Similarities Key Differences Shirley Landfill 1.4 MW Solar System. Management will give further details on guidance during the Companys earnings call. including establishing targets to increase sustainability spend, Altus Power has Created Repeatable, At Altus Power, we promise to treat your data with respect and will not share your information with any third party. share, expenses and profitability may differ materially from our expectations.
