{ "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": 35, "pageCount": 39, "prevPage": 34, "nextPage": 36, "slideType": "appendix_disclosure", "function": "appendix", "density": "overcrowded", "nDataPoints": 0, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de518-4588-7336-b3d9-5ea0da8cbd98/35", "deckHref": "/decks/019de518-4588-7336-b3d9-5ea0da8cbd98", "deckJsonHref": "/decks/019de518-4588-7336-b3d9-5ea0da8cbd98.json", "deckAnchorHref": "/decks/019de518-4588-7336-b3d9-5ea0da8cbd98#slide-35", "components": [ { "bbox": { "h": 0.03, "w": 0.07, "x": 0.036, "y": 0.92 }, "kind": "image", "text": "EVgo", "attrs": null, "subkind": "logo", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f8785bdb-f359-4007-bc38-21bb06c0b96c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.01, "w": 0.018, "x": 0.036, "y": 0.94 }, "kind": "legend", "text": "35", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "34339a23-13e6-48ab-8174-a041629feab1", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.41, "w": 0.914, "x": 0.044, "y": 0.386 }, "kind": "list", "text": "EVgo defines Adjusted Cost of Sales as cost of sales before (i) depreciation, net of capital-build amortization, and (ii) share-based compensation.\nEVgo defines Adjusted Cost of Sales as a Percentage of Revenue as Adjusted Cost of Sales as a percentage of revenue.\nEVgo defines Adjusted Gross Profit (Loss) as revenue less Adjusted Cost of Sales.\nEVgo defines Adjusted Gross Margin as Adjusted Gross Profit (Loss) as a percentage of revenue.\nEVgo defines Adjusted General and Administrative Expenses as general and administrative expenses before (i) share-based compensation, (ii) loss on disposal of property and equipment, net of insurance recoveries, and impairment expense, (iii) bad debt expense (recoveries), and (iv) certain other items that management believes are not indicative of EVgo's ongoing performance.\nEVgo defines Adjusted General and Administrative Expenses as a Percentage of Revenue as Adjusted General and Administrative Expenses as a percentage of revenue.\nEVgo defines EBITDA as net income (loss) before (i) depreciation, net of capital-build amortization, (ii) amortization, (iii) accretion, (iv) interest income, (v) interest expense, and (vi) income tax expense (benefit).\nEVgo defines EBITDA Margin as EBITDA as a percentage of revenue.\nEVgo defines Adjusted EBITDA as EBITDA plus (i) share-based compensation, (ii) loss on disposal of property and equipment, net of insurance recoveries, and impairment expense, (iii) loss (gain) on investments, (iv) bad debt expense (recoveries), (v) change in fair value of earnout liability, (vi) change in fair value of warrant liabilities, and (vii) certain other items that management believes are not indicative of EVgo's ongoing performance.\nEVgo defines Adjusted EBITDA Margin as Adjusted EBITDA as a percentage of revenue.\nEVgo defines Capital Expenditures, Net of Capital Offsets as capital expenditures adjusted for the following capital offsets: (i) all payments under OEM infrastructure agreements excluding any amounts directly attributable to OEM customer charging credit programs and pass-through of non-capital expense reimbursements, and (ii) proceeds from capital-build funding.", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "cfb366d2-0444-4d6b-9f34-d9c4e3f6a9e4", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.14, "w": 0.914, "x": 0.044, "y": 0.23 }, "kind": "paragraph", "text": "This presentation includes the following non-GAAP financial measures, in each case as defined below: \"Adjusted Cost of Sales,\" \"Adjusted Cost of Sales as a Percentage of Revenue,\" \"Adjusted Gross Profit (Loss),\" \"Adjusted Gross Margin,\" \"Adjusted General and Administrative Expenses,\" \"Adjusted General and Administrative Expenses as a Percentage of Revenue,\" \"EBITDA,\" \"EBITDA Margin,\" \"Adjusted EBITDA\" \"Adjusted EBITDA Margin,\" and \"Capital Expenditures, Net of Capital Offsets.\" With respect to Capital Expenditures, Net of Capital Offsets, pursuant to the terms of certain OEM contracts, EVgo is paid well in advance of when revenue can be recognized, and usually, the payment is tied to the number of stalls that commence operations under the applicable contractual arrangement while the related revenue is deferred at the time of payment and is recognized as revenue over time as EVgo provides charging and other services to the OEM and the OEM's customers. EVgo management therefore uses these measures internally to establish forecasts, budgets, and operational goals to manage and monitor its business, including the cash used for, and the return on, its investment in its charging infrastructure. EVgo believes that these measures are useful to investors in evaluating EVgo's performance and help to depict a meaningful representation of the performance of the underlying business, enabling EVgo to evaluate and plan more effectively for the future.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "4fce498b-011a-4078-8685-6098dad6dd67", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.07, "w": 0.914, "x": 0.044, "y": 0.816 }, "kind": "paragraph", "text": "Adjusted Cost of Sales, Adjusted Cost of Sales as a Percentage of Revenue, Adjusted Gross Profit (Loss), Adjusted Gross Margin, Adjusted General and Administrative Expenses, Adjusted General and Administrative Expenses as a Percentage of Revenue, EBITDA, EBITDA Margin, Adjusted EBITDA, Adjusted EBITDA Margin, and Capital Expenditures, Net of Capital Offsets are not prepared in accordance with GAAP and may be different from non-GAAP financial measures used by other companies. These measures should not be considered as measures of financial performance under GAAP, and the items excluded from or included in these metrics are significant components in understanding and assessing EVgo's financial performance. These metrics should not be considered as alternatives to net income (loss) or any other performance measures derived in accordance with GAAP.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "db1b3145-89b3-45b8-84fd-49dabd0dca6a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.015, "w": 0.76, "x": 0.044, "y": 0.896 }, "kind": "source-note", "text": "The tables below present quantitative reconciliations of these measures to their most directly comparable GAAP measures as described above.", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "5fab80e6-afe9-4d3a-ac24-3e5464d2aa93", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.647, "x": 0.036, "y": 0.11 }, "kind": "title", "text": "DEFINITIONS OF NON-GAAP FINANCIAL MEASURES", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "920e31ae-9ee8-4f8e-91c3-2c2eb3c6470b", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }