Ameresco, Inc. · NYSE:AMRC
Ameresco — Q3 2020 Earnings Presentation
13 slides from Ameresco's earnings presentation, Nov 2, 2020
Slide 1: Q3 2020 Supplemental Information
Q3 2020 Supplemental Information November 2, 2020 ameresco.com © 2020 Ameresco, Inc. All rights reserved.
Slide 2: Safe Harbor Forward Looking Statements
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 and net income, and other statements containing the w
Slide 3: Q3 2020 Highlights
Q3 2020 Highlights $20.0M $18.5M $282.5M $0.38 $36.8M $0.41 GAAP EPS Non-GAAP EPS Adjusted GAAP Net Revenue EBITDA Income Non-GAAP Net Income 3
Slide 4: Sources of Revenue – Q3 2020
Sources of Revenue – Q3 2020 $215.4M $48.2M $18.9M Projects Recurring Other Energy efficiency and Energy & incentive revenue Services, software and renewable energy projects from owned energy assets; plus integrated PV recurring O&M from projects 4
Slide 5: 70% of EBITDA Came From Recurring Lines of Business
70% of EBITDA Came From Recurring Lines of Business Year-to-Date 2020 * Adjusted EBITDA percentages allocate corporate expenses according to revenue share 20% Other Other 8% O&M 4% Recurring O&M 12% Projects 8% 26% Assets 12% $718M $82M Adjusted Revenue EBITDA* Projects 72% Assets 58% 70% Recurring
Slide 6: Energy Asset Portfolio – 9/30/2020
Energy Asset Portfolio – 9/30/2020 LFG to Electricity: RNG: 28% 29% LFG Direct Use: 9% Operating Energy Assets RNG: 10% Energy in Development Assets & Construction Solar: 269 MWe 322 MWe 65% Solar: 50% Other: 2% EAAS: 7% 269 MWe of Energy Assets. Renewable Gas is 322 MWe in development & constructio
Slide 7: Energy Asset Balance Sheet – 9/30/2020
Energy Asset Balance Sheet – 9/30/2020 Energy Operating Debt: $467M Operating Energy Total $231M Assets Debt $670M $346M Development/ Corporate Construction Debt $203M $115M $203M of the $638M energy assets on our balance $231M of the $346M of total debt on our balance sheet is sheet are still in de
Slide 8: Tremendous Forward Visibility: Backlog & Recurring Revenue
Tremendous Forward Visibility: Backlog & Recurring Revenue Business Awarded Project ~ 12-24 months to contract $1.2 billion Backlog Contracted Project ~ 12-36 months of revenue $1.0 billion Backlog Estimated Operating Energy contracted revenue 13 year weighted average PPA remaining $915 million and
Slide 9: Sustainable & Profitable Business Model
Sustainable & Profitable Business Model Expanding Earnings at a Faster Rate than Revenue by Growing Higher Margin Recurring Lines of Business Revenue ($M) High-End Adjusted EBITDA ($M) $1000 9.7% CAGR High-End $115 20.2% CAGR $960 Low-End 8.8% CAGR Low-End $107 18.4% CAGR $867 $91 $91 $787 $63 $717
Slide 10: Enabling a Low Carbon Future
Enabling a Low Carbon Future Since 2010, Ameresco’s renewable energy assets & customer projects delivered a cumulative Carbon Offset equivalent to: 50+ Million Metric Tons of CO2 Ameresco’s 2019 Carbon Offset of 11,167,978 Metric Tons of CO2 is equal to one of… Aggregate Metric Tons of CO2 Avoided P
Slide 11: Thank You to Our Customers, Employees, and Shareholders
Thank You to Our Customers, Employees, and Shareholders ameresco.com © 2020 Ameresco, Inc. All rights reserved.
Slide 12: Non-GAAP Financial Measures
Non-GAAP Financial Measures We use the Non-GAAP financial measures defined and discussed below to provide investors and others with useful supplemental information to our financial results prepared in accordance with GAAP. These Non-GAAP financial measures should not be considered as an alternative
Slide 13: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Adjusted EBITDA: Net income attributable to common shareholders$ 20,002 $ 8,870 $ 30,568 $ 22,233 Impact from redeemable non-controllin