{ "docId": "019de518-4588-7336-b3d9-5ea0da8cbd98", "docSlug": "de10ebd59caaa80dd8437aeab21e5673", "documentTitle": "EVgo | Results Presentation Deck | 39 slides", "authorId": "evgo", "authorName": "EVgo", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2024-03-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 2, "pageCount": 39, "prevPage": 1, "nextPage": 3, "slideType": "disclaimer", "function": "front_matter", "density": "dense", "nDataPoints": 0, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de518-4588-7336-b3d9-5ea0da8cbd98/2", "deckHref": "/decks/019de518-4588-7336-b3d9-5ea0da8cbd98", "deckJsonHref": "/decks/019de518-4588-7336-b3d9-5ea0da8cbd98.json", "deckAnchorHref": "/decks/019de518-4588-7336-b3d9-5ea0da8cbd98#slide-2", "components": [ { "bbox": { "h": 0.05, "w": 0.76, "x": 0.038, "y": 0.96 }, "kind": "paragraph", "text": "This presentation contains trademarks, trade names, and service marks of other parties, which, to EVgo's knowledge, are the intellectual property of such other parties. Solely for convenience, such trademarks, trade names and service marks are referred to in this presentation without the ®, TM or SM symbols, but the absence of such symbols does not effect a waiver of, or other otherwise impair, such intellectual properties rights. EVgo does not use such other parties' trademarks, trade names, or service marks to imply, and such use or display should not be construed to imply, an association with, a licensure to, or an endorsement or sponsorship of, EVgo by such other parties.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "1d16f1d3-60bf-49f9-adfa-2a02914792c0", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.13, "w": 0.76, "x": 0.038, "y": 0.796 }, "kind": "paragraph", "text": "To supplement EVgo's financial information, which is prepared and presented in accordance with generally accepted accounting principles in the United States of America (\"GAAP\"), EVgo uses certain non-GAAP financial measures. The presentation of non-GAAP financial measures is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. EVgo uses these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. EVgo believes that these non-GAAP financial measures provide meaningful supplemental information regarding the Company's performance by excluding certain items that may not be indicative of EVgo's recurring core business operating results. EVgo believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing EVgo's performance. These non-GAAP financial measures also facilitate management's internal comparisons to the Company's historical performance. EVgo believes these non-GAAP financial measures are useful to investors both because (1) they allow for greater transparency with respect to key metrics used by management in its financial and operational decision-making and (2) they are used by EVgo's institutional investors and the analyst community to help them analyze the health of EVgo's business.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a5659359-590e-4cb8-9a7b-8b578d72e797", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.503, "w": 0.76, "x": 0.038, "y": 0.268 }, "kind": "paragraph", "text": "This presentation contains \"forward-looking statements\" within the meaning of the \"safe harbor\" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as \"estimate.\" \"plan.\" \"project.\" \"forecast,\" \"intend.\" \"will.\" \"expect,\" \"anticipate,\" \"believe,\" \"seek,\" \"target,\" \"assume\" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are based on current expectations or beliefs of the management of EVgo Inc. (\"EVgo\" or the \"Company\") and are subject to numerous assumptions, risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. You are cautioned, therefore, against relying on any of these forward-looking statements. These forward-looking statements include, but are not limited to, express or implied statements regarding EVgo's future financial and operating performance, revenues, market size and opportunity, capital expenditures, stalls in operation or under construction, network throughput, business strategies and utilization growth; statements regarding EVgo's \"path to profitability.\" \"way to profitability\" and \"clear path to breakeven adjusted EBITDA;\" the future mix of EVgo's various revenue streams; investments by OEMs and rideshare companies in EVs and EV charging; future returns on EVgo's charging sites; projections regarding EVgo being adjusted EBITDA breakeven in 2025;\" EVgo's expectation of market position and progress on its network buildout, customer experience, technological capabilities and cost efficiencies; growth in the Company's throughput versus the growth in EVs in operation; growth in the Company's fleet business; EVgo's collaboration with partners enabling effective deployment of chargers, including under its contract with the Pilot Company and GM; and anticipated awards of funding in connection with the NEVI program and associated state programs. These statements are based on various assumptions, whether or not identified in this presentation, and on the current expectations of EVgo's management and are not predictions of actual performance. There are a significant number of factors that could cause actual results to differ materially from the statements made in this presentation, including changes or developments in the broader general market; EVgo's dependence on the widespread adoption of electric vehicles (\"EVs\") and growth of the EV and EV charging markets; competition from existing and new competitors: EVgo's ability to expand into new service markets, grow its customer base and manage its operations; the risks associated with cyclical demand for EVgo's services and vulnerability to industry downturns and regional or national downturns; fluctuations in EVgo's revenue and operating results; unfavorable conditions or disruptions in the capital and credit markets and EVgo's ability to obtain additional financing on commercially reasonable terms; EVgo's ability to generate cash, service indebtedness and incur additional indebtedness; any current, pending or future legislation, regulations or policies that could impact EVgo's business, results of operations and financial condition, including regulations impacting the EV charging market and government programs designed to drive broader adoption of EVs and any reduction, modification or elimination of such programs; EVgo's ability to adapt its assets and infrastructure to changes in industry and regulatory standards and market demands related to EV charging; impediments to EVgo's expansion plans, including permitting and utility-related delays; EVgo's ability to integrate any businesses it acquires; EVgo's ability to recruit and retain experienced personnel; risks related to legal proceedings or claims, including liability claims; EVgo's dependence on third parties, including hardware and software vendors and service providers, utilities and permit-granting entities; supply chain disruptions, inflation and other increases in expenses; safety and environmental requirements or regulations that may subject EVgo to unanticipated liabilities or costs; EVgo's ability to enter into and maintain valuable partnerships with commercial or public-entity property owners, landlords and/or tenants (collectively \"Site Hosts\"), original equipment manufacturers (\"OEMs\"), fleet operators and suppliers; EVgo's ability to maintain, protect and enhance EVgo's intellectual property; and general economic or political conditions, including the conflicts in Ukraine, Israel and the broader Middle East region, and elevated rates of inflation and associated changes in monetary policy. Additional risks and uncertainties that could affect the Company's financial results are included under the captions \"Risk Factors\" and \"Management's Discussion and Analysis of Financial Condition and Results of Operations of EVgo\" in EVgo's most recent Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the \"SEC\"), as well as its other SEC filings, copies of which are available on EVgo's website at investors.evgo.com, and on the SEC's website at www.sec.gov. All forward-looking statements in this presentation are based on information available to EVgo as of the date hereof, and EVgo does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by applicable law.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d815a1b0-6523-47c3-8149-2e2d6db6b5c7", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.016, "w": 0.009, "x": 0.935, "y": 0.954 }, "kind": "source-note", "text": "2", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "052cfb25-e38e-4a73-9fc2-dd16aef0ab5a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.923, "x": 0.038, "y": 0.113 }, "kind": "title", "text": "Important Cautionary Statements and Notices", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ff5936e2-ba03-4f46-a7d0-b43f95f4dee4", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 4, "from": 1, "beatId": "8e7f5097-477c-48ae-829e-717a22203da4", "arcName": "Monroe's Motivated Sequence", "arcSlug": "monroes-sequence", "beatName": "Attention", "beatSlug": "monroes-sequence-attention", "evidence": "The presentation starts with a cover page, disclaimer, and strategic overview to grab the audience's attention", "position": 0, "confidence": 0.8, "parentBeatName": "Hook", "parentBeatSlug": "hook" } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }