Ameresco, Inc. · NYSE:AMRC

Ameresco — Q2 2017 Earnings Presentation

14 slides from Ameresco's earnings presentation, Aug 9, 2017

1. Slide 1: Q2 2017 Supplemental Information

   Page 1 | Q2 2017 Supplemental Information|© 2017 Ameresco, Inc. All Rights Reserved. Q2 2017 Supplemental Information August 9, 2017 Exhibit 99.2

2. Slide 2: Use of Non-GAAP Financial Measures

   Page 2 | Q2 2017 Supplemental Information|© 2017 Ameresco, Inc. All Rights Reserved. USE OF NON-GAAP FINANCIAL MEASURES Use of Non-GAAP Financial Measures This presentation includes references to adjusted EBITDA, adjusted cash from operations, non-GAAP net income and non-GAAP earnings per share, whi

3. Slide 3: Q2 2017 Highlights

   Page 3 | Q2 2017 Supplemental Information|© 2017 Ameresco, Inc. All Rights Reserved. Q2 2017 HIGHLIGHTS $15.4 M $5.8M +17 % $166.7 M +2% EBITDA Q2 EBITDA driven by greater project revenue EBITDA growth EBITDA up 17% y/y Revenue growth Revenue up 2% y/y Revenue Q2 Revenue driven by favorable timing o

4. Slide 4: Q2 2017 Highlights: Backlog

   Page 4 | Q2 2017 Supplemental Information|© 2017 Ameresco, Inc. All Rights Reserved. Q2 2017 HIGHLIGHTS Backlog up 6% Total project backlog up 6% y/y to $1.6B, another record high, providing approximately 2-4 years of visibility Large Contracted Backlog Contracted backlog highest since 2010, primari

5. Slide 5: Sources of Revenue

   Page 5 | Q2 2017 Supplemental Information|© 2017 Ameresco, Inc. All Rights Reserved. SOURCES OF REVENUE $19.9 M $33.7 M $113.1 M Projects Energy efficiency and renewable energy projects Recurring Energy & incentive revenue from owned solar and renewable gas assets; plus recurring O&M from projects O

6. Slide 6: 60% of Profit Comes from Recurring Line of Business

   Page 6 | Q2 2017 Supplemental Information|© 2017 Ameresco, Inc. All Rights Reserved. 60% OF PROFIT COMES FROM RECURRING LINE OF BUSINESS Projects 68% Assets 11% O&M 9% Other 12% $166.7M REVENUE 20% [CATEGORY NAME] 35% [CATEGORY NAME] 45% [CATEGORY NAME] 15% [CATEGORY NAME] 5% $15.4M Adjusted EBITDA*

7. Slide 7: Energy Asset Portfolio – 6/30/2017

   Page 7 | Q2 2017 Supplemental Information|© 2017 Ameresco, Inc. All Rights Reserved. ENERGY ASSET PORTFOLIO – 6/30/2017 Energy Assets 175MWe 70% Renewable Gas 30% Solar 175 MWe of Energy Assets. Renewable Gas is 122 MWe, Solar is 53MW*. In Development Construction 95MWe 70% Solar 25% Renewable Gas 9

8. Slide 8: Energy Asset Balance Sheet – 6/30/2017

   Page 8 | Q2 2017 Supplemental Information|© 2017 Ameresco, Inc. All Rights Reserved. ENERGY ASSET BALANCE SHEET – 6/30/2017 Energy Assets $348M $244M Operating $104M Development/Construction Total Debt $198M $57M Corporate $141M Energy Debt $104M out of the $348M energy assets on our balance sheet a

9. Slide 9: Ameresco

   AMERESCO@ ED SS SS

10. Slide 10: Energy Asset Metrics

    Page 10 | Q2 2017 Supplemental Information|© 2017 Ameresco, Inc. All Rights Reserved. ENERGY ASSET METRICS MWe $ MWe $ Energy Assets: In Operations 175.0 244,686$ 162.0 233,932$ In Construction 95.2 103,786 65.5 22,706 Total Energy Assets 270.2 348,472$ 227.5 256,638$ 2017 2016 2017 2016 Energy Asse

11. Slide 11: GAAP to Non-GAAP Reconciliation

    Page 11 | Q2 2017 Supplemental Information|© 2017 Ameresco, Inc. All Rights Reserved. GAAP TO NON-GAAP RECONCILIATION 2017 2016 2017 2016 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Adjusted EBITDA: Net income attributable to common shareholders 5,831$ 1,994$ 5,187$ 3,048$ Impact of redeemable n

12. Slide 12: Performance by Segment

    Page 12 | Q2 2017 Supplemental Information|© 2017 Ameresco, Inc. All Rights Reserved. PERFORMANCE BY SEGMENT Revenues Adjusted EBITDA Revenues Adjusted EBITDA June 30, 2017 U.S. Regions 60,978$ 2,556$ 102,585$ 52$ U.S. Federal 59,106 9,836 107,030 16,227 Canada 8,991 1,003 18,492 1,222 Small-Scale I

13. Slide 13: Line of Business Revenue – Three Months

    Page 13 | Q2 2017 Supplemental Information|© 2017 Ameresco, Inc. All Rights Reserved. LINE OF BUSINESS REVENUE – THREE MONTHS U.S. Regions U.S. Federal Canada Small-Scale Infrastructure All Other Total Consolidated 2017 Revenues: Project 56,083$ 48,037$ 6,449$ 1,809$ 714$ 113,092$ Energy Assets - 1,

14. Slide 14: Line of Business Revenue – Six Months

    Page 14 | Q2 2017 Supplemental Information|© 2017 Ameresco, Inc. All Rights Reserved. LINE OF BUSINESS REVENUE – SIX MONTHS U.S. Regions U.S. Federal Canada Small-Scale Infrastructure All Other Total Consolidated 2017 Revenues: Project 92,497$ 85,996$ 14,165$ 4,280$ 1,599$ 198,537$ Energy Assets 0 1

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