Alternus Energy Group Plc. · OTC:ALTNF
Alternus Energy — Q3 2019 Earnings Presentation
14 slides from Alternus Energy's earnings presentation, Nov 22, 2019
Slide 1: Alternus Energy Inc. Non-US GAAP Results
&@ ALTERNUS —E N E—E R G Y Alternus Energy Inc. Non-US GAAP Results Unaudited Financial Statements For the three and nine months ended September 30, 2019 November 2019
Slide 2: Caution Concerning Forward Looking Statements
4G ALTERNUS PN eR GY Caution Concerning Forward Looking Statements DISCLAIMER ‘Some of ne statements cortanedn is document, nun oman incorporated iy eerence, scuss hur epedatens, plans or prospect, sale ter taartockingfomaton wn the meanng of safe hater provoons under The Prva Secures Lagat Reform A
Slide 3: Use of Non-GAAP Financial Measures
ALTERNUS Alternus Energy Inc. « 6 Use of Non-GAAP Financial Measures To supplement ALTN's financial statements presented on a GAAP basis, Alternus provides Adjusted EBITDA as ‘supplemental measures of its performance. To provide investors with additional insight and allow for a more comprehensive un
Slide 4: About Alternus Energy
@ ALTERNU: About Alternus Energy Alternus Energy Inc. (“ALTN’) is an international green energy producer with an initial focus on PV solar. ALTN currently owns and operates a diverse portfolio of PV solar parks that connect directly to national power grids cn long-term government supply contracts. A
Slide 5: Financial highlights for the 3 & 9 Months Ended
Alternus Energy Inc. 4G ALTERNUS ue Financial highlights for the 3 & 9 Months Ended September 30, 2019 S.Months + Revenues increased by 22% to $0.99 milion + Gross profitincreased by 71% to $0.75 milion + Gross margin improved to 75% from 54% + Adjusted EBITDA loss of $0.13) milion from income of $0
Slide 6: CEO Commentary on Results for 3 Quarter 2019
@@ ALTERNUS ¢ Alternus Energy Inc. - CEO Commentary on Results for 3 Quarter 2019 “We are very pleased with our strong third quarter results year-over-year, led by favorable trends in a number of key metrics and underpinning our growth strategy. Our current installed revenue generating capacity of 1
Slide 7: Management Discussion and Analysis — Nine Months ending September 2019
Alternus Energy Inc. 4@ ALTERNUS Management Discussion and Analysis — Nine Months ending September 2019 > Revenues Revenue for the nine months ended September 30, 2019 was $2.30 million, a 3% increase compared to $2.22 milion in the same period last year. See geographic revenue analysis on page 9. >
Slide 8: Consolidated US GAAP Income Statement to Adjusted EBITDA
@@ ALTERNUS ewerey Alternus Energy Inc. Consolidated US GAAP Income Statement to Adjusted EBITDA Usp 00's Summary come Staten US GAAP Filing Scab 30. Sete 30 Revenues aT Se Cost of evens esp Fao ew Gross Prot, 173 Tat 5 r mo on Opeating Expenses ‘Loss from Operations Otte (expense) income ‘Net Incom
Slide 9: Geographic Revenue and Gross Margin Mix
ALTERNUS Alternus Energy Inc. “G ALTERNUS Geographic Revenue and Gross Margin Mix Nine Months ending September 30, 2019 uso 000 Revenues YV —— ssn Nine Months September 30,2013 September 30, September 30, ee a REVENUES a sate 30. Change se taiy Tw rm Romania im 1450, (46%), ps — 13 a ee a - |GROSS M
Slide 10: Consolidated Balance Sheet & Adjusted Working Capital
4G ALTERNUS ewerey Alternus Energy Inc. Consolidated Balance Sheet & Adjusted Working Capital sD 000s Adjusted Working Capital "2018 Chmge —T = ton gem De a Accounts moe 950 eo a 2 a : Cond Total Curent Assets 7a oa eT mae Rar at = i — ae | fees : 38 a wai a a mae —ae a | —_ perk | : Ser prcctasrcta
Slide 11: Asset / Liabilities Schedule by Geography
Alternus Energy Inc. Asset / Liabilities Schedule by Geography uso 000s <—— _ sev operating Companies —> Toy Romania | Toul Poets _ALTS'Cop. | Tost Asser ares 1946 m aon sp] 338 tant wr] 6 a) ose 5 z 77 z 707 — o 0 Toa Ase ea cl To | sane LIABILITIES: Sear cut prin te) 6 nae so) sit ast Cone ne aye
Slide 12: Nameplate Capacity (DC) by country
~ ALTERNUS Alternus Energy Inc. « dled Nameplate Capacity (DC) as at September 30, 2019 © a22019 ——<$$<$<$<$_______ § = 032019 $5.2 million annual recurring contracted revenues for the next 13 — 20 years = $181,000 average annual revenue per 5 Mw 5 | 85% average gross margins @) 6 eS > Romania Italy
Slide 13: Corporate Details
ALTERNUS Alternus Energy Inc. IG ALTERNUS Corporate Details Corporate ‘One World Trade Center, Headquarters ‘Suite 8500 New York, NY, 10007, USA Phone: +1-212-220-7434 Website ‘www.AlternusEnergy.com Executive Management: Vincent Browne (Irish) ~ CEO Joseph Duey (US) - CFO Tall Durant (US) ~ General
Slide 14: Consolidated Financial Statements — Non-GAAP Financial Measures
ALTERNUS Alternus Energy Inc. « c Y Consolidated Financial Statements —- Non-GAAP Financial Measures Three and Nine Months ended September 30, 2019 The information provided in this report should be read in conjunction with the: September 30, 2019 Quarterly Report as filed with the Securities and Exc