Allego(ALLG)
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Allego(ALLG) - 2023 Q3 - Earnings Call Presentation
2023-11-14 14:26
▪ ▪ • • • • (in €mm) Charging Services € 60 € 10 € 40 € 5 € 6.6 € 2.6 € 0 € 20 € 7.9 € (3.1) € 22.0 € 14.4 (€ 5) € 0 ...
Allego(ALLG) - 2023 Q2 - Earnings Call Transcript
2023-08-15 15:44
Financial Data and Key Metrics Changes - Total revenue increased by 34.5% to €68.2 million in H1 2023 from €50.7 million in H1 2022, driven by strong charging revenue growth [6][15] - Charging revenue more than doubled to €51.1 million compared to €24 million in the same period of 2022, with a 51% increase in utilization rates and a 17.2% rise in global charging sessions to 5.2 million [6][15] - Operational EBITDA improved to a gain of €11.7 million in H1 2023 from a loss of €1.5 million in H1 2022, reflecting strong management of input costs and improved charging revenue margins [9][16] - Net loss decreased to €38.9 million in H1 2023 from €247.1 million in H1 2022, primarily due to a significant drop in stock-based payment expenses [10][18] Business Line Data and Key Metrics Changes - Sales and services revenue declined by 35.8% to €17.1 million from €26.7 million in H1 2022, attributed to slower deployment of stations for the Carrefour project and delays in new contracts [7][16] - Total energy sold reached over 96.4 gigawatt hours in H1 2023, with total charging sessions remaining at 5.2 million, marking a 17.2% increase [9] Market Data and Key Metrics Changes - The number of ultrafast charging ports grew by over 42% in H1 2023, with a global utilization rate of 13.4% for mature charging ports and 8.9% for new ports installed in H1 2023 [8][9] - The company has secured a backlog of 1,350 sites with signed lease agreements, representing over 60% year-over-year growth [19] Company Strategy and Development Direction - The company is shifting its focus from sales and services revenue to charging revenue, aiming to fulfill 80% of its energy needs through renewable sources by the end of 2023 [10][11] - Allego is expanding its ultrafast charging network and has established partnerships to enhance its footprint in various countries, including a collaboration in Denmark and a long-term agreement for compliance credits in Germany [11][13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's performance and growth strategy, highlighting the importance of operational excellence and the increasing demand for EV charging infrastructure [22] - The company anticipates annual revenue between €180 million and €200 million for 2023, with operational EBITDA expected to be between €30 million and €40 million [20][21] Other Important Information - General and administrative expenses decreased significantly to €48.3 million in H1 2023 from €271.7 million in H1 2022, mainly due to reduced share-based payment expenses [17] - The company is exploring options for future funding, including potential equity raises and extensions of its debt facility [33] Q&A Session Summary Question: Can you provide more detail on the revenue cadence and the shift towards the lower end of your prior revenue guidance? - Management noted that some contracts expected to pick up earlier have been delayed, particularly in the Carrefour project, leading to a shift in revenue recognition [25][27] Question: How is the company considering entering the North American charging market? - Management indicated that while they are exploring the North American market, their primary focus remains on expanding in Europe due to its maturity and demand for chargers [28][29] Question: Can you elaborate on capital spending and its trajectory? - Management confirmed that they are utilizing existing debt facilities for capital expenditures and are planning for future funding options, including potential equity raises [31][33] Question: Was there a decrease in margins on the charging side relative to Q1? - Management acknowledged that while margins increased due to higher utilization rates, there was some seasonality affecting the margins, with expectations for further improvements [34][35] Question: What is the current utilization rate as of July or early Q3? - Management reported a global utilization rate of over 30% to 35% in July, with expectations for continued growth [37][38]
Allego(ALLG) - 2023 Q2 - Earnings Call Presentation
2023-08-15 12:38
Allego, a leading European public EV fast-charging network Advancing green electrification First Half 2023 Earnings Presentation Disclaimer Forward Looking Statements All statements other than statements of historical facts contained in this presentation are forward-looking statements. Allego N.V. (“Allego”) intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934 and the Private Securit ...
Allego(ALLG) - 2023 Q2 - Quarterly Report
2023-06-22 16:00
Exhibit 99.1 Allego N.V. Annual Report 2022 Table of Contents Statutory board report 3 Consolidated financial statements Consolidated statement of profit or loss for the year ended December 31, 2022 32 Consolidated statement of comprehensive income for the year ended December 31, 2022 33 Consolidated statement of financial position as at December 31, 2022 34 Consolidated statement of changes in equity for the year ended December 31, 2022 35 Consolidated statement of cash flows for the year ended December 31 ...
Allego(ALLG) - 2023 Q1 - Earnings Call Presentation
2023-06-05 18:29
Allego, a leading European public EV fast-charging network Enabling green electric mobility First Quarter 2023 Earnings Presentation Disclaimer. Forward Looking Statements All statements other than statements of historical facts contained in this presentation are forward-looking statements. Allego N.V. (“Allego”) intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934 and the Private Se ...
Allego(ALLG) - 2023 Q1 - Earnings Call Transcript
2023-06-05 18:28
Start Time: 08:30 January 1, 0000 8:59 AM ET Allego N.V. (NYSE:ALLG) Q1 2023 Earnings Conference Call June 05, 2023, 08:30 AM ET Company Participants Mathieu Bonnet - CEO Ton Louwers - CFO Floris Schwartz - IR, ICR Conference Call Participants Matt Summerville - D.A. Davidson Douglas Becker - Capital One Operator Greetings. Welcome to the Allego First Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presenta ...
Allego(ALLG) - 2022 Q4 - Earnings Call Presentation
2023-05-16 23:05
Allego, a leading European public EV fast-charging network Enabling green electric mobility Full Year 2022 Earnings Presentation Disclaimer. All statements other than statements of historical facts contained in this presentation are forward-looking statements. Allego N.V. ("Allego") intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act ...
Allego(ALLG) - 2022 Q4 - Earnings Call Transcript
2023-05-16 23:04
Allego N.V. (NYSE:ALLG) Q4 2022 Earnings Conference Call May 16, 2023 4:30 AM ET Company Participants Sari Schwartz – IR, ICR Mathieu Bonnet - CEO Ton Louwers - CFO Conference Call Participants Matt Summerville - D.A. Davidson Operator Greetings, and welcome to Allego’s Fourth Quarter and Fiscal Year 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference ...
Allego(ALLG) - 2022 Q4 - Annual Report
2023-05-16 20:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 _________________________ FORM 20-F _________________________ (Mark One) o REGISTRATION STATEMENT PURSUANT TO SECTION 12(B) OR 12(G) OF THE SECURITIES EXCHANGE ACT OF 1934 OR x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 OR o SHELL COMPANY REPORT PURSUANT TO SECT ...
Allego(ALLG) - 2022 Q3 - Earnings Call Transcript
2022-11-14 21:10
Allego N.V. (NYSE:ALLG) Q3 2022 Earnings Conference Call November 14, 2022 8:30 AM ET Company Participants Sari Schwartz - IR Mathieu Bonnet - CEO Ton Louwers - CFO Conference Call Participants Maheep Mandloi - Credit Suisse Matt Summerville - D.A. Davidson Gabe Daoud - Cowen and Company Operator Greetings. Welcome to Allego Third Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instr ...