EVgo Inc. (NASDAQ:EVGO) Q4 2022 Results Conference Call March 30, 2023 11:00 AM ET

Company Participants

Heather Davis - VP, IR

Cathy Zoi - CEO

Olga Shevorenkova - CFO

Jonathan Levy - Chief Commercial Officer

Conference Call Participants

James West - Evercore ISI

Gabe Daoud - TD Cowen

Maheep Mandloi - Credit Suisse

Andres Sheppard - Cantor Fitzgerald

David Kelley - Jefferies

Alex Vrabel - Bank of America

Bill Peterson - JP Morgan

Operator

Good day, and welcome to the EVgo Fourth Quarter and Full Year 2022 Earnings Call. Today’s call is being recorded.

I would now like to turn the call over to Heather Davis, Vice President of Investor Relations. Please go ahead.

Heather Davis

Hi, everyone, and welcome to EVgo’s fourth quarter and full year 2022 earnings call. My name is Heather Davis, and I am the Head of Investor Relations at EVgo. Joining me on today’s call are Cathy Zoi, EVgo’s Chief Executive Officer; and Olga Shevorenkova, the Company’s Chief Financial Officer; Jonathan Levy, EVgo’s Chief Commercial Officer will join us for the Q&A portion of the call. Today, we will be discussing EVgo’s financial results for the fourth quarter and full year 2022 and initial outlook for 2023 followed by a Q&A session.

Today’s call is being webcast and can be accessed on the Investors section of our website at investors.evgo.com. The call will be archived and available there, along with the Company’s earnings release and investor presentation after the conclusion of this call.

During the call, management will be making forward-looking statements that are subject to risks and uncertainties, including expectations about future performance. Factors that could cause actual results to differ materially from our expectations are detailed in our SEC filings, including in the Risk Factors section of our most recent Annual Report on Form 10-K. The Company’s SEC filings are available on the Investors section of our website.

These forward-looking statements apply as of today, and we undertake no obligation to update these statements after the call. Also, please note that we will be referring to certain non-GAAP financial measures on this call. Information about these non-GAAP financial measures, including a reconciliation to the corresponding GAAP measures can be found in the earnings materials available on the Investors section of our website.

With that, I’ll turn the call over to Cathy Zoi, EVgo’s CEO.

Cathy Zoi

Hello, everyone. And thank you for joining today. EVgo achieved record revenue in 2022, reflecting the continued growth of our ultra-fast DC charging network, our blue-ribbon partnerships and our industry-leading technology offerings. In our first full year as a public company, revenue and adjusted EBITDA were at the high end of our guidance range. This accomplishment is something I’d like to thank the entire EVgo team for. We look forward to continuing to grow and deliver in 2023.