A reconciliation of the Non-GAAP Financial Measures to financial information prepared in accordance with generally accepted accounting principles ("GAAP"), as required by Regulation G, appears in the presentation. Our business, financial condition, results of operations and prospects can be materially adversely affected by weather conditions, including, but not limited to, the impact of severe and prevent us from maintaining or increasing our market share. cash balance includes the $38mm and $343mm of cash to balance sheet. 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 Key Risks (contd) Any Develop, own, and operate solar systems and energy storage that generates savings and ESG benefits to a diverse client base At Altus Power, we promise to treat your data with respect and will not share your information with any third party. Reconciliation of GAAP reported Net Income to non-GAAP adjusted EBITDA: Reconciliation of Net income (loss) to Adjusted EBITDA: Altus Power reported, which may have an adverse effect on the market price of our common stock. Altus Powers 2020 financial information presented herein is unaudited. 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 . real-time DAS generation data for performance tracking to ensure solar systems maximize performance and meet baseline production forecasts Enterprise Resource Planning Integration Streamlines and automates billing, treasury management, and financial Quarterly Reports. growth strategy depends on the widespread adoption of solar power technology. ~66% / 53% discount to median peer trading multiples 1 3 Residential Solar Solar Technology Energy Transition Altus Power 4 Source: FactSet, Wall Street Equity Research. The presentation includes financial information not prepared in accordance with generally accepted accounting principles ("Non-GAAP Financial Measures"). The proceeds from this transaction are expected to fully-fund the 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. We believe that investors and securities analysts also use adjusted EBITDA in evaluating our operating performance. Investors and prospective investors are cautioned that such forward-looking statements are only projections based on current estimations. Additional factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found under the heading Risk Factors in Altus Powers Form 10-K filed with the Securities and Exchange Commission on March 24th, 2022, as well as the other information we file with the Securities and Exchange Commission., as well as the other information we file with the Securities and Exchange Commission. 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 future acquisitions, and integration of these future acquisitions which may disrupt our business and management. By providing your email address below, you are providing consent to Altus Power to send you the requested Investor Email Alert updates. (50 MW) and (c) near-term acquisitions expected to be consummated by year-end 2021 (95 MW). Subscribe To Investor Email Alerts. You must click the activation link in order to complete your subscription. machine learning to identify optimal properties CBRE employs 100+ trusted energy optimization managers for key corporate decision-makers Per McKinsey & Company: Six Emerging Trends in Facilities Management Sourcing dated Nov 15, 2019. That is equivalent to the CO 2 emissions from: . Quarterly Reports. An archive of the webcast will be available after the call on the Investor Relations section of Altus Powers website as well. many more Community Customers Count Altus Power can provide corporate employees and customers with clean energy and full energy transition solutions for their homes Energy Storage EV Charging Meadow 4.0 MW Solar System, U.S. If you experience any issues with this process, please contact us for further assistance. communities, corporate employees, and customers Altus Power allows customers to move across town and take their virtual clean energy system with them Community Solar is available in a number of states and scheduled to be introduced in The types of commercial partnerships were exploring are exactly what we envisioned under our agreement with CBRE. Will Collaborate On Data Mining to Produce Customer Solutions CBRE Core Data Unique Client Insights Automated Go-To-Market Solutions Data Enrichment & Modeling Applied Analytics (AI & ML), Altus Power has Multiple Growth These exemptions apply to offers and sales of securities that do not involve a public offering. March 25, 2022 08:30 AM ET. Please see Financial Statements in the Appendix for a reconciliation to the most directly comparable GAAP measures. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Altus Power, Inc. | Investor FAQs You can unsubscribe to any of the investor alerts you are subscribed to by visiting the 'unsubscribe' section below. These projections are for illustrative purposes only and should not be relied upon as being necessarily indicative of future results. We are not obligated to update these forward-looking statements, even though our situation may change in the future. changes may be material. Altus Power is led by a team of experienced executives who are deeply committed to advancing clean electrification. Altus Powers 2020 financial information presented herein is unaudited. As a privately-held company, we were not required to evaluate our internal Altus Power, Inc. | Altus Power First Quarter 2022 Earnings News. These risks, uncertainties, assumptions and other important factors include, but are not limited to: (1) the risk that pending acquisitions may not close in the anticipated timeframe or at all due to a closing condition not being met; (2) failure to obtain required consents or regulatory approvals in a timely manner or otherwise; (3) the ability of Altus Power to successfully integrate the acquisition of solar assets into its business and generate profit from their operations; (4) the ability of Altus Power to retain customers and maintain and expand relationships with business partners, suppliers and customers; (5) the risk of litigation and/or regulatory actions related to the proposed acquisition of solar assets; and (6) the possibility that Altus Power may be adversely affected by other economic, business, regulatory, credit risk and/or competitive factors. The risks presented in such filings will be consistent with those that would be required for a public company in its SEC filings, including with respect to the business and securities of the Company and year of energy from RE100 companies ~$98 billion of investment required to meet 2030 sustainability goals Completed 2014 Completed 2020 2022 2050 2030 2022 Completed 2020 Growth in companies committing to 100% renewable energy ~2x Companies setting Invest in this Space High Growth Company Top Tier Aligned Sponsorship with Strategic Upside Cash Flow Positive Today Pure Play ESG Investment Opportunity Long-Term Contracted Recurring Revenue Altus Power is a category-defining, management-owned, updated for subsequent events. Securities Litigation Reform Act of 1995, Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding Altus Power's and it's management teams' expectations, hopes, beliefs, Regulatory decisions that are important to us may be materially adversely affected by political, regulatory and economic factors. CBRE Group, Inc. - Events & Presentations - Presentations Investor Presentation Leading the Clean ownership, if and when earned. 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. EX-99.1 - SEC.gov incidents or have a deficiency in cybersecurity, our business could be adversely affected. Companies and InvestorRelations@altuspower.com, Internet Explorer presents a security risk. Our ability to obtain insurance and the terms of any available insurance expectations and beliefs concerning future developments and their potential effects on SPAC or Altus Power or any successor entity. Featured Presentation. An . Visit altuspower.com to learn more. involved in regulatory inquiries or be subject to litigation in the future, all of which are costly, distracting to our core business and could result in an unfavorable outcome or a material adverse effect on our business, financial condition, Speaking on today's call are Gregg Felton, Co-Chief Executive Officer; and Dustin Weber, Chief Financial Officer. EX-99.2 - SEC.gov Trademarks All rights to the trademarks, copyrights, logos and other intellectual property listed herein belong to their respective owners and SPAC's and Altus You can unsubscribe to any of the investor alerts you are subscribed to by visiting the 'unsubscribe' section below. exhaustive. If you experience any issues with this process, please contact us for further assistance. information made available in the course of an evaluation of the Transaction. on-site distributed generation and extend to the larger energy transition ecosystem supplied by Altus Power Community Solar EV Charging Energy Storage C&I Solar Car Canopy Structure Altus Power is at the center of a massive market At Altus Power, we promise to treat your data with respect and will not share your . "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. In 2022 Altus Power will continue its close collaboration with Blackstone Real Estate and cultivate new relationships under its agreement with CBRE. Altus Power expects to continue our success through emphasis on streamlined customer acquisition, leveraging digital capabilities and deploying low cost capital.. is stackable Emergency backup power / energy resiliency Manage demand charges Provide system capacity Add value to solar standalone projects Source: BloombergNEF. Shareholder Alignment 20% interest in price appreciation of all capital raised (less redemptions) on first 30% return, and 30% thereafter. Generated revenues of $21.6 million for fourth quarter 2021, an increase of 92% over fourth quarter 2020 . . Long-standing partnership with Altus Power since initial capital investment of $125mm3 in 2014 Completed an $850mm recapitalization of the company in November 2019, positioning Altus Power for future growth Largest real estate portfolio in the world You can unsubscribe to any of the investor alerts you are subscribed to by visiting the 'unsubscribe' section below. 2021E 2022E 2023E 2024E $38 $57 $83 $114 $153 $206 $228 $288, Financial Forecast Note: Represents 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. scale through its partnership with Altus Power Business Roundtable CBRE CEO (Bob Sulentic) has joined the Business Roundtables Energy & Sustainability Committee Sustainable Procurement Sustainability is a core element of sourcing approach to providing electricity on a price-competitive basis, solar systems face competition from traditional regulated electric utilities, from less-regulated third party energy service providers and from new renewable energy companies. Credit AUM is a combined 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. Webcast. clean energy CBRE is Positioned to Accelerate the Global Transition to a Net Zero Economy by Leveraging its market leading technology platform and access to real estate / energy consumption data to identify opportunities and allow clients to Truly Global Platform CBRE is the worlds largest commercial real estate services firm Leading global capital markets and leasing advisor Experienced principal investor with $124.5Bn2 AUM & largest commercial developer in United States The securities have not been coaching and development 34 year career in a variety of senior human resources roles at General Electric Bill Concannon Director CBREs Global President, Clients and Business Partners and CEO of CBRE Acquisition Holdings As CEO of CBREs Corporations are Leading the Next Wave of Demand Public Sector is Looking To
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