Financials Altus Power, Inc.

Equities

Market Closed - Nyse Other stock markets 01:30:02 07/09/2024 am IST			5-day change	1st Jan Change
3.100 ^USD	0.00%		-0.64%	-54.61%

28/08	Evercore ISI Downgrades Altus Power to In Line From Outperform, $7 Price Target	MT
21/08	Morgan Stanley Downgrades Altus Power to Equalweight From Overweight, Cuts Price Target to $4 From $8	MT

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net sales ¹	71.8	101.2	155.2	199.2	244.9	292
Change	-	40.9%	53.38%	28.38%	22.95%	19.24%
EBITDA ¹	54.76	58.6	93.07	113	143.6	172.4
Change	-	7.01%	58.81%	21.46%	27.07%	20.02%
EBIT ¹	33.8	18.12	17.1	34.11	50.64	67.91
Change	-	-46.4%	-5.61%	99.51%	48.44%	34.12%
Interest Paid ¹	-	-22.16	-47.49	-65.13	-66.5	-72.69
Earnings before Tax (EBT) ¹	-	53.24	-26.66	5.916	-20.25	-12.72
Change	-	-	-	-	-	37.2%
Net income ¹	-	55.44	-9.355	46.7	1.428	8.985
Change	-	-	-	-	-96.94%	529.41%
Announcement Date	24/03/22	30/03/23	14/03/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2
Net sales ¹	19.2	24.76	30.44	26.76	29.38	46.51	45.08	34.19	40.66	52.46	58.44	47.1	48.92	61.41	72.12	58.13	57.06	77.44
Change	-	28.98%	22.92%	-12.07%	9.77%	58.33%	-3.08%	-24.15%	18.91%	29.02%	11.39%	-19.4%	3.86%	25.53%	17.43%	-19.4%	-1.84%	35.72%
EBITDA ¹	8.751	13.91	19.39	16.55	16.04	30.64	29.06	17.33	19.72	31.15	36.89	25.32	24.84	38.21	46.18	31.69	29.94	49.1
Change	-	59%	39.36%	-14.65%	-3.08%	91.03%	-5.16%	-40.36%	13.76%	57.99%	18.42%	-31.35%	-1.92%	53.83%	20.86%	-31.37%	-5.51%	63.96%
EBIT ¹	0.161	5.482	10.71	1.764	0.251	12.01	10.85	-5.358	-1.616	16.96	14.09	4.232	4.853	16.55	22.97	9.854	7.414	23.8
Change	-	3,304.97%	95.33%	-83.53%	-85.77%	4,683.67%	-9.66%	-	-69.84%	-	-16.92%	-69.96%	14.66%	241.05%	38.81%	-57.11%	-24.76%	220.96%
Charge d'intérêts ¹	-	-	-5.657	-6.394	-12.45	-8.524	-9.18	-17.34	-16.19	-17.86	-15.32	-15.75	-15.84	-15.98	-15.92	-16.11	-18.12	-18.2
Earnings before Tax (EBT) ¹	60.01	22.28	-94.66	65.61	4.733	4.499	4.836	-40.72	8.951	12.11	0.52	-12.29	-13.35	-1.424	7.535	-8.296	-10.71	5.6
Change	-	-62.87%	-	-	-92.79%	-4.94%	7.49%	-	-	35.29%	-95.71%	-	-8.62%	89.34%	-	-	-29.09%	-
Net income ¹	60.42	24.12	-96.98	67.88	5.617	6.825	5.33	-27.13	7.509	37.64	4.766	-6.424	-7.007	5.417	12.69	-0.433	-5.14	6.464
Change	-	-60.09%	-	-	-91.73%	21.51%	-21.9%	-	-	401.33%	-87.34%	-	-9.08%	-	134.35%	-	-1,086.92%	-
Announcement Date	16/05/22	15/08/22	14/11/22	30/03/23	15/05/23	14/08/23	13/11/23	14/03/24	09/05/24	08/08/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	472	1,042	1,217	1,439	1,706
Change	-	-	120.76%	16.78%	18.24%	18.55%
Announcement Date	24/03/22	30/03/23	14/03/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2022	2023	2024	2025	2026
CAPEX ¹	77.22	117.8	148.9	245.4	279.7
Change	-	52.53%	26.41%	64.83%	13.98%
Free Cash Flow (FCF) ¹	-128	-507.5	-118.7	-276.8	-298.2
Change	-	296.54%	-76.62%	133.27%	7.72%
Announcement Date	30/03/23	14/03/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	76.27%	57.93%	59.98%	56.75%	58.65%	59.04%
EBIT Margin (%)	47.07%	17.91%	11.02%	17.13%	20.68%	23.26%
EBT Margin (%)	-	52.63%	-17.18%	2.97%	-8.27%	-4.36%
Net margin (%)	-	54.8%	-6.03%	23.44%	0.58%	3.08%
FCF margin (%)	-	-126.5%	-327.05%	-59.57%	-113.03%	-102.11%
FCF / Net Income (%)	-	-230.84%	5,424.44%	-254.11%	-19,391.12%	-3,318.63%
Profitability
ROA	-	4.45%	-0.54%	2.19%	0.02%	-0.05%
ROE	-3.43%	3.02%	-1.73%	6.79%	-0.69%	-0.22%
Financial Health
Leverage (Debt/EBITDA)	-	8.05x	11.2x	10.77x	10.02x	9.9x
Debt / Free cash flow	-	-3.68x	-2.05x	-10.26x	-5.2x	-5.72x
Capital Intensity
CAPEX / Current Assets (%)	-	76.34%	75.91%	74.75%	100.22%	95.79%
CAPEX / EBITDA (%)	-	131.77%	126.56%	131.72%	170.87%	162.27%
CAPEX / FCF (%)	-	-60.34%	-23.21%	-125.48%	-88.66%	-93.81%
Items per share
Cash flow per share ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Dividend per Share ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Book Value Per Share ¹	-	2.724	2.812	3.116	3.074	3.03
Change	-	-	3.23%	10.81%	-1.34%	-1.43%
EPS ¹	-	0.35	-0.06	0.2859	0.00876	0.0517
Change	-	-	-117.14%	-576.45%	-96.94%	490.53%
Nbr of stocks (in thousands)	1,53,649	1,58,829	1,58,990	1,59,990	1,59,990	1,59,990
Announcement Date	24/03/22	30/03/23	14/03/24	-	-	-