Slide 1: EVgo Q3 2022 Earnings Call
EVgo Q3 2022 Earnings Call November 2, 2022 Nasdaq: EVGO – investors.evgo.com
Slide 2: Safe Harbor & Forward Looking Statements
Safe Harbor & Forward Looking Statements Forward-Looking Statements This presentation contains “forward-looking statements” within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the us
Slide 3: Strategic Overview
1 Strategic Overview Cathy Zoi, CEO 3
Slide 4: Snapshot of EVgo's Market Leading Position
Snapshot of EVgo’s Market Leading Position Market leader in clean mobility electrification – backed by 100% renewable power 8 OEM Partners 100% Engaged by multiple OEMs for Renewable energy powered since partnerships ranging from charging 2019 through renewable energy credit and infrastructure build
Slide 5: Extending Relationships Across Leading Partner Ecosystem
Extending Relationships Across Leading Partner Ecosystem • Addition of new national retail brand names, complemented by deepening engagements with a number of existing portfolio site host partners, has significantly increased EVgo’s potential pipeline locations o EVgo has added nearly 10,000 potenti
Slide 6: Key Business Highlights
Key Business Highlights Accelerating growth and investment in network Stalls in Operation or Under Construction Stalls in operation or under construction, with 188 new stalls added to 2,625 our network this quarter 2,625 +47% 1,786 4,534 Active E&C Stall Development Pipeline reached largest point ev
Slide 7: Technology is at Intersection of all Aspects of EVgo's Business
Technology is at Intersection of all Aspects of EVgo’s Business Creating the foundational infrastructure for the nascent charging ecosystem Autocharge+ PlugShare EVgo OptimaTM EVgo InsideTM EVgo Innovation Lab • Launched nationwide in • 2.8 million registered users • Smart, cloud-based software • OE
Slide 8: U.S. Set for Rapid Investment in Fast Chargers
U.S. Set for Rapid Investment in Fast Chargers National Electric Vehicle Infrastructure program (NEVI) will allocate approx. $5 billion to states over next five years • U.S. government approved all 50 state plans (plus Washington D.C. and Puerto Rico) on Sept. 27, 2022 • With approval, states now ha
Slide 9: Financial and Operational Overview
2 Financial and Operational Overview Olga Shevorenkova, CFO 9
Slide 10: Key Operational Highlights
Key Operational Highlights Active E&C Stall Development Pipeline EVgo Customer Accounts (000s) Revenue ($MM) $10.5 +82% 4,534 +70% $6.2 2,494 Q3 2021 Q3 2022 Q3'21 Q3'22 Continued focus on scaling execution in Q3’22 • 82% year-over-year growth in Active E&C Stall Development Pipeline, which includes
Slide 11: Key Financial Highlights
Key Financial Highlights Quarterly Revenue, Margin and Cash Flow Update • Revenues grew 70% year-over-year, driven by increases in retail charging, ancillary revenues and regulatory credit sales • Retail charging revenue increased 62% on YoY basis • Ancillary revenues increased 152% on YoY basis • P
Slide 12: EVgo ReNew Initiative Designed to Improve Uptime, Enhance Customer Experience
EVgo ReNew Initiative Designed to Improve Uptime, Enhance Customer Experience • Updated 125 stalls YTD • Working with site hosts to evaluate replacement or removal of additional stalls in 2023 • Focused mostly on 1st generation 50 kW chargers, with plans to: o Upgrade existing sites with high power
Slide 13: 2022 Guidance
2022 Guidance Updating key 2022 financial and operational forecast figures: Revenue $48-55MM Network Throughput 42-45 GWh Adjusted EBITDA* ($80)-($85)MM Total Stalls in Operation or Under Construction as of YE 2022 2,800-3,100 *A reconciliation of projected Adjusted EBITDA (Non-GAAP) to net income (
Slide 14: Appendix
3 Appendix Reconciliation of Non-GAAP Measures to GAAP, Summary Financials 14
Slide 15: Revenue Disaggregation
Revenue Disaggregation ‘in thousands, Q3'22 Q3'21 Charging revenue, retail $ 5176 $ 3,203 Charging revenue, OEM 252 151 Charging revenue, commercial 678 688 Network revenue, OEM 448 351 Ancillary revenue 2,777 1,104 Regulatory credit sales 1,178 684 Total Revenue $ 10,509 $ 6,181 15
Slide 16: Definitions of Non-GAAP Financial Measures
Definitions of Non-GAAP Financial Measures This presentation includes Non-GAAP financial measures including “Adjusted Cost of Sales,” “Adjusted Gross Profit (Loss),” “Adjusted Gross Margin,” “EBITDA,” and “Adjusted EBITDA.” EVgo believes these measures are useful to investors in evaluating EVgo’s fi
Slide 17: Reconciliations of Non-GAAP Measures to GAAP
Reconciliations of Non-GAAP Measures to GAAP 17
Slide 18: Financial Statements: Balance Sheets
Financial Statements: Balance Sheets 18
Slide 19: Financial Statements: Consolidated Statements of Operations
Financial Statements: Consolidated Statements of Operations 19
Slide 20: Financial Statements: Selected Cash Flow Data
Financial Statements: Selected Cash Flow Data 20