Altus Power, Inc. (NYSE:AMPS) Q2 2024 Earnings Conference Call August 8, 2024 4:30 AM ET
Company Participants
Alison Sternberg - Head, Investor Relations
Gregg Felton - Chief Executive Officer
Dustin Weber - Chief Financial Officer
Conference Call Participants
James West - Evercore ISI
Justin Clare - ROTH Capital Partners
Vikram Bagri - Citigroup
Jeffrey Campbell - Seaport Research Partners
Operator
Good afternoon. And welcome to the Altus Power Second Quarter 2024 Conference Call. As a reminder, today’s call is being recorded and participants are in a listen-only mode. A question-and-answer session will follow the formal presentation.
At this time, for opening remarks and introductions, I would like to turn the call over to Alison Sternberg, Head of Investor Relations.
Alison Sternberg
Good afternoon and welcome to our second quarter 2024 earnings call. Speaking on today’s call are Gregg Felton, Chief Executive Officer; and Dustin Weber, Chief Financial Officer.
This afternoon, we issued a press release and a presentation related to matters to be discussed on this call. You can access both the press release and the presentation on our website, www.altuspower.com in the Investor section. This information is also available on the SEC’s website.
As a reminder, our comments on this call may contain forward-looking statements. These forward-looking statements refer to future events, including Altus Power’s future operations and financial performance.
When used on this call, the words expect, anticipate, believe, will, plan, forecast, estimate, outlook and similar expressions as they relate to Altus Power identify a forward-looking statement.
These statements are subject to various risks and uncertainties, which could cause actual results to differ materially from those predicted in the forward-looking statements. Altus Power assumes no obligation to update these statements in the future or if circumstances change, except as required by law.
For more information, we encourage you to review the risks, uncertainties and other factors discussed in our SEC filings that could impact these forward-looking statements, specifically our 10-K filed with the SEC on March 14, 2024.
During this call, we also refer to adjusted EBITDA, adjusted EBITDA margin and ARR or annual recurring revenue, which are non-GAAP financial measures. ARR is an estimate that management uses to determine the expected annual revenue potential of our operating asset base at given points in time. ARR assumes customary weather, production, expenses and other economic and market conditions, as well as seasonality.
Our management team uses all of these non-GAAP financial measures to plan, monitor and evaluate our financial performance, and we believe this information may be useful to our investors. These non-GAAP financial measures exclude certain items and should not be considered as a substitute for comparable GAAP financial measures.