Ameresco, Inc. · NYSE:AMRC
Ameresco — Q3 2021 Earnings Presentation
13 slides from Ameresco's earnings presentation, Nov 1, 2021
Slide 1: Q3 2021 Supplemental Information
ameresco.com © 2021 Ameresco, Inc. All rights reserved. Q3 2021 Supplemental Information November 1, 2021
Slide 2: Safe Harbor Forward Looking Statements
2 Safe Harbor Forward Looking Statements Any statements in this presentation about future expectations, plans and prospects for Ameresco, Inc., including statements about market conditions, pipeline and backlog, as well as estimated future revenues, net income, adjusted EBITDA, Non-GAAP EPS, other f
Slide 3: Sources of Revenue – Q3 2021
Sources of Revenue – Q3 2021 3 Projects Energy efficiency and renewable energy projects Recurring Energy & incentive revenue from owned energy assets; plus recurring O&M from projects Other Services, software and integrated PV $194.0M $59.2M $20.5M
Slide 4: 68% of EBITDA Came From Recurring Lines of Business
68% of EBITDA Came From Recurring Lines of Business 4 Projects 71% Assets 14% O&M 7% Other 8% 21% Recurring $800M Revenue Projects 30% Assets 60% O&M 8% Other 2% $104M Adjusted EBITDA* 68% Recurring * Adjusted EBITDA percentages allocate corporate expenses according to revenue shareYear-to-Date 2021
Slide 5: Energy Asset Portfolio – 9/30/2021
Energy Asset Portfolio – 9/30/2021 5 319 MWe of Energy Assets. 97 MW of Non-RNG Biogas, 38 MW of RNG, Solar is 176 MW, Other is 8 MW* 407 MWe in Development & Construction. Renewable Gas is 129 MWe, Solar & Battery is 259 MW, Energy as a Service is 19 MW* Operating Energy Assets 319 MWe Other: 3% So
Slide 6: Energy Asset Balance Sheet – 9/30/2021
Energy Asset Balance Sheet – 9/30/2021 6 * Net of unamortized debt discount and debt issuance costs of $0.5M on corporate debt and $15.5M on Energy Debt $243M of the $829M energy assets on our balance sheet are still in development or construction. $332M of the $400M* of total debt on our balance sh
Slide 7: Tremendous Forward Visibility: Backlog & Recurring Revenue Business
$0 $500,000,000 $1,000,000,000 $1,500,000,000 Awarded Project Backlog Contracted Project Backlog Operating Energy Assets O&M Backlog Tremendous Forward Visibility: Backlog & Recurring Revenue Business 7 ~ 12-24 months to contract ~ 12-36 months of revenue 14 year weighted average PPA remaining 16 ye
Slide 8: Sustainable & Profitable Business Model
Sustainable & Profitable Business Model 8 Revenue ($M) $651 $717 $787 $867 $1,032 $1,190 2016 2017 2018 2019 2020 2021 Guidance $1,240 High-End 13.7% CAGR Low-End 12.8% CAGR $56 $63 $91 $91 $118 $145 2016 2017 2018 2019 2020 2021 Guidance Adjusted EBITDA ($M) $155 High-End 22.5% CAGR Low-End 20.9% C
Slide 9: Enabling a Low Carbon Future
Enabling a Low Carbon Future Since 2010, Ameresco’s renewable energy assets & customer projects delivered a Carbon Offset equivalent to: Greenhouse gas emissions from… 31.4 billion miles driven by an average passenger vehicle Carbon sequestered by… 16.5 million acres of U.S. forests in one year or D
Slide 10: Thank You to Our Customers, Employees, and Shareholders
ameresco.com © 2021 Ameresco, Inc. All rights reserved. to Our Customers, Employees, and Shareholders Thank You
Slide 11: Non-GAAP Financial Measures
11 Non-GAAP Financial Measures We use the Non-GAAP financial measures defined and discussed below to provide investors and others with useful supplemental information to our financial results prepared in accordance with GAAP. These Non-GAAP financial measures should not be considered as an alternati
Slide 12: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation 12 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Adjusted EBITDA: Net income attributable to common shareholders 17,423$ 20,002$ 42,252$ 30,568$ Impact from redeemable non-controlling interests 2,857 (2,313) 8,345 2,593 Plus (Less): Income tax provision (benefit) (1
Slide 13: GAAP to Non-GAAP Reconciliation (continued)
GAAP to Non-GAAP Reconciliation (continued) 13 * Adjusted EBITDA by Line of Business includes corporate expenses allocated according to revenue share $000 USD Projects Operating Assets O&M Other Consolidated Adjusted EBITDA by Line of Business: Net income attributable to common shareholders 24,087$