AMPS - Altus Power Inc. (AMPS) Q4 2023 Earnings Call Transcript
2024-03-14 22:33:14 ET
Altus Power, Inc. (AMPS)
Q4 2023 Earnings Conference Call
March 14, 2024 16:30 ET
Company Participants
Chris Shelton - Head, Investor Relations
Lars Norell - Co-Chief Executive Officer
Dustin Weber - Chief Financial Officer
Gregg Felton - Co-Chief Executive Officer
Conference Call Participants
Andrew Percoco - Morgan Stanley
Justin Clare - ROTH MKM
Vikram Bagri - Citi
Jon Windham - UBS
Chris Souther - B. Riley
Presentation
Operator
Good afternoon and welcome to Altus Power’s Fourth Quarter and Full Year 2023 Conference Call. As a reminder, today’s call is being recorded. [Operator Instructions] At this time, for opening remarks and introductions, I would like to turn the call over to Chris Shelton, Head of Investor Relations.
Chris Shelton
Good afternoon and welcome to our fourth quarter and full year 2023 earnings call. Joining me on today’s call are Lars Norell, Co-Chief Executive Officer and Dustin Weber, Chief Financial Officer. In addition, Co-Chief Executive Officer, Gregg Felton, will be joining us for Q&A. This afternoon, we issued a press release and a presentation related to matters to be discussed on this call. You can access both documents on our website, www.altuspower.com, in the Investors 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 in this call, the words expect, believe, will, plan, forecast, estimate 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 today with the SEC.
During this call, we will also refer to adjusted EBITDA and adjusted EBITDA margin, which are non-GAAP financial measures. We are also introducing a new non-GAAP measure, annual recurring revenue, or ARR, which we will discuss later on in this call. ARR is an estimate that management uses to determine the expected annual revenue potential of our operating asset base at the end of the calendar year. ARR assumes customary weather, production, expenses and other economic market conditions as well as seasonality. We are unable to provide a reconciliation from GAAP to ARR....
Altus Power, Inc. (AMPS) Q4 2023 Earnings Call Transcript