Ameresco, Inc. · NYSE:AMRC
Ameresco — Investor Presentation (August 2026)
34 slides from Ameresco's investor presentation, August 2026
Slide 1: Leading Energy Infrastructure Company
Leading Energy Infrastructure Company Delivering integrated solutions to provide reliable power & modernize infrastructure Investor Presentation | NYSE:AMRC August 2026 © 2026 Ameresco, Inc. All rights reserved. ameresco.com
Slide 2: Safe Harbor
Safe Harbor Forward Looking Statements This presentation contains forward-looking statements within the meaning of Section 21E of the Exchange Act, and Section 27A of the Securities Act. Statements that do not relate strictly to historical or current facts are forward-looking. Without limiting the g
Slide 3: Ameresco is a leading energy infrastructure company
Ameresco (NYSE:AMRC) is a leading energy infrastructure company delivering integrated solutions to provide reliable power & modernize infrastructure. Expert Integrators Connect technologies, infrastructure & expertise with a vendor-neutral approach Full Lifecycle Partner Develop, design, finance, co
Slide 4: Leading energy infrastructure company at a glance
Leading energy infrastructure company delivering integrated solutions to provide reliable power & modernize infrastructure Grounded in technology independence Founded in 2000 Performance contracting pioneer Power Buildings & Public Infrastructure Infrastructure 5+ GW 25+ Top Market Reliable resource
Slide 5: Trusted Partner for Full Lifecycle
Trusted Partner for Full Lifecycle Delivering across every stage of the lifecycle – removing complexity so customers can focus on what matters most. Operate Develop Design Finance Construct & Maintain 2.5+ GW of energy resources Identify opportunity Engineer integrated Arrange financing Mobilize tea
Slide 6: Power Infrastructure
Power Infrastructure Reliable Resources for Surging Demand Onsite Power for Critical Needs. Scalable Systems for What Comes Next. Ameresco integrates a broad portfolio of firm and renewable resources in behind-the-meter & utility-scale energy systems. Reliable 24×7 power Energy Renewable Grid Speed
Slide 7: Buildings & Public Infrastructure
Buildings & Public Infrastructure Efficiency & Renewal for Aging Systems Transforming the Built Environment. Proven Technologies & Guaranteed Performance. Ameresco integrates smart, connected solutions that modernize infrastructure to optimize performance & enhance resilience. Lower operating costs
Slide 8: Powering the Next Decade of Growth
Powering the Next Decade of Growth Market dynamics poise tremendous opportunity for Ameresco AI & Electrification Are Reshaping Demand Grid Capacity & Reliability is the New Constraint AI, data centers, electrification, and reshoring are Aging infrastructure, interconnection delays & reliability dri
Slide 9: Key Growth Markets
Key Growth Markets Infrastructure renewal, increasing power demand, grid constraints, and rising energy costs are increasing customer urgency Built Environment Data Centers Industrial & Utility Europe Established growth platform Trusted long-term partner Reliability, grid flexibility, Decarbonizatio
Slide 10: Why Ameresco
Why Ameresco Trusted partner for integrated infrastructure solutions – built for performance and progress. Ameresco EPC-Only Players EPC-Only Players IPP // Developers IPP Developers Utilities Utilities Origination and Limited Limited Limited Customer Access EPC Execution Limited Limited Excellence
Slide 11: Financials
Financials 11
Slide 12: Durable Growth, Expanding Profit, Strong Revenue Visibility
Durable Growth, Expanding Profit, Strong Revenue Visibility Projects create scale and backlog, O&M strengthens customer continuity, and Energy Assets drive EBITDA Revenue ($M) Adjusted EBITDA ($M) Total Revenue Visibility ($B) 15.2% CAGR 20.7% CAGR (normalized2) 15.5% CAGR 2023-20261 2023-20261 2023
Slide 13: Integrated Platform: Three Lines of Business
Integrated Platform: Three Lines of Business A differentiated model combining project growth, recurring services and long-term asset ownership Projects O&M Energy Assets Large-scale customer solutions Recurring revenue Owned infrastructure converts create growth, revenue complements the full lifecyc
Slide 14: Project Backlog Funnel with Recurring Revenue Foundation
Project Backlog Funnel with Recurring Revenue Foundation As of 6/30/2026 Total Project Backlog Funnel $11.4B Revenue Visibility = Pipeline / Awarded Backlog Contracted Backlog $6.7B Sales Cycle $4.4B $2.3B Total Project Backlog • Qualify opportunity • Detailed design • Construction & installation •
Slide 15: Illustrative Project Backlog Conversion
Illustrative Project Backlog Conversion As of 6/30/2026 | Visualization and metrics do not represent Guidance 12 Months 24 Months 36 Months 48 Months $57M $55M Illustrative $50M Project Business Free Cash Flow1 $90M $88M $83M Adjusted EBITDA Margin 5% Revenue: $1.5B $1.65B $1.75B $1.8B Contracted Ba
Slide 16: Diversified Total Project Backlog of $6.7B
Diversified Total Project Backlog of $6.7B As of 6/30/2026 Total Project Backlog Total Project Backlog by Solution by Customer Segment Domestic Public Sector Solar + BESS Defense Dept. & Related MUSH 16% 7% 24% 23% Buildings K-12 & Public U.S. Federal 3% International Government Infrastructure1 High
Slide 17: Data Center Awarded Backlog & Assets in Development
Data Center Awarded Backlog & Assets in Development – Q2 Update Growing data center power plant pipeline; Intentionally partnering with experienced players on highly qualified opportunities Sites 1, 2 & 3 Sites 4 & 5 Site 6 Multi-billion data center power plant opportunities • Multiple customer site
Slide 18: Energy Asset Portfolio – Ameresco's Ownership
Energy Asset Portfolio – Ameresco’s Ownership As of 6/30/2026 Energy Assets in Energy Assets in Operation Development & Construction 822 MWe 513 MWe Other Battery Solar Biogas: Biogas: Firm Generation Battery Solar Biogas 1% 31% 55% RNG Non-RNG 27% 38% 25% 10% 7% 6% 822 MWe of Energy Assets in Opera
Slide 19: Neogenyx Fuels Transaction
Neogenyx Fuels Transaction Private equity transaction validates platform valuation and positions accelerated growth Ameresco and HASI, a leading investor in sustainable infrastructure assets, spun off Ameresco’s biofuels business into new joint venture: Neogenyx Fuels, premier developer, owner, and
Slide 20: Adjusted Cash from Operations Better Reflects Underlying Cash Generation
Adjusted Cash from Operations Better Reflects Underlying Cash Generation As of 6/30/2026 The Challenge The Adjustment • Federal ESPC financing and ITC monetization are • Adjust for financing and monetization proceeds directly tied to project economics key to our project economics, but are classified
Slide 21: Capital Allocation
Capital Allocation Balancing investment in operating assets, debt reduction, strategic growth opportunities, and shareholder returns Capital deployed 1 Maintain & strengthen 2 Service and 3 Invest in high return 4 Return excess in priority order: the existing asset base pay off debt Energy Assets an
Slide 22: Disciplined Use of Debt
Disciplined Use of Debt As of 6/30/2026 Total Debt Energy Asset Debt by Stage Energy Asset Debt • Debt amortizes through Energy Asset energy asset cash generation Debt $1.55B • Conservative underwriting based on a debt service coverage ratio Operating $1.65B Total to contracted cash flows • Underlyi
Slide 23: FY 2026 Guidance
FY 2026 Guidance Published 8/3/2026 Guidance Low High Revenue $2.0 billion $2.2 billion Gross Margin 17% 18% Adjusted EBITDA1 $250 million $270 million Depreciation & Amortization $115 million $116 million Interest Expense & Other $95 million $100 million Effective Tax Rate (25)% (40)% Income Attrib
Slide 24: Long-Term Value Creation
Long-Term Value Creation Leading energy infrastructure company delivering integrated solutions to create reliable power & modernize infrastructure Expert Integrators Full Lifecycle Partner Disciplined Execution Creating visible growth by solving Generating increasing recurring Covert experience and
Slide 25: Leading energy infrastructure company delivering integrated solutions
Leading energy infrastructure company delivering integrated solutions to provide reliable power & modernize infrastructure. NYSE: AMRC © 2026 Ameresco, Inc. All rights reserved. ameresco.com
Slide 26: Appendix
Appendix 26
Slide 27: Industry Recognition & Acclaim
Industry Recognition & Acclaim Recognized for 2026 Recognized by… Featured in… North American Microgrid Technology Innovation Global Energy Leadership Transition Awards by Frost & Sullivan Solar / Storage Contractor Public-Private Collaboration Award 27
Slide 28: Building Value with Performance Contracting
Building Value with Performance Contracting Budget-neutral solutions place energy-efficient upgrades within financial reach Upgrades Funded by Cost Savings with Performance Contracts • Converts aging facility infrastructure and rising operating costs into funded modernization – reduce energy costs w
Slide 29: Our Vision to Energize a Sustainable World
Our Vision to Energize a Sustainable World 2010 2025 2050 Since 2010, Ameresco’s renewable energy Ameresco's 2025 carbon emission reduction of Ameresco is committed to assets and customer projects have delivered ~18 million metric tons of CO₂ is equal to one of: reducing our customers' carbon a carb
Slide 30: Doing Well by Doing Good
Committed to Making a Lasting Impact Doing Well by Doing Good • Company culture focused on the lasting impact of our business across employees, customers, partners, communities, planet, industry & beyond • Bringing our vision to energize a sustainable world to life across 1,500+ employees and custom
Slide 31: Non-GAAP Financial Measures
Non-GAAP Financial Measures Non-GAAP Financial Measures We use the Non-GAAP financial measures defined and discussed below to provide investors and others with useful supplemental information to our financial results prepared in accordance with GAAP. These Non- GAAP financial measures should not be
Slide 32: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Adjusted EBITDA: Net income (loss) attributable to common shareholders $ 9,718 $ 12,864 $ (8,565) $ 7,381 Impact from non-controlling interests an
Slide 33: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation Six Months Ended June 30, 2026 Operating $000 USD Projects Assets O&M Other Consolidated Adjusted EBITDA: Net income (loss) attributable to common shareholders $ 455 $ (19,422) $ 9,881 $ 521 $ (8,565) (1) Impact from non-controlling interests and redeemable non-contro
Slide 34: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation ($ in Thousands) 2017 2018 2019 2020 2021 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Cash Flow from Operations (7,654) (10,696) (31,786) (19,633) (39,337) (45,803) (37,071) (20,066) 25,097 (21,160) (58,094) (51,160) (11,471) (75,568) (51,640) (21,955)