Allego(ALLG)

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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 ...
Allego(ALLG) - 2022 Q3 - Quarterly Report
2022-09-29 16:00
Revenue and Growth - Total revenue from contracts with customers for the six months ended June 30, 2022, was €50,692,000, a significant increase of 148.5% compared to €20,418,000 in 2021[3] - Charging sessions revenue reached €23,994,000, up from €11,006,000, reflecting a growth of 118.3% year-over-year[3] - Service revenue from the sale of charging equipment increased to €18,442,000, compared to €4,326,000 in the previous year, marking a growth of 326.5%[3] - Revenue for the six months ended June 30, 2022, was €50,692 thousand, a significant increase from €20,418 thousand in the same period of 2021, representing a growth of 148%[139] - The revenue breakdown shows charging sessions generated €23,994 thousand, service revenue from the sale of charging equipment was €18,442 thousand, and service revenue from installation services was €5,964 thousand[141] - Revenue from external customers in the Netherlands was €19,976 thousand, up from €14,431 thousand in 2021, indicating a growth of 38%[139] Financial Performance - The gross profit for the first half of 2022 was €9,482,000, compared to €6,713,000 in 2021, representing an increase of 41.5%[3] - Operating loss for the six months ended June 30, 2022, was €262,087,000, compared to a loss of €135,898,000 in 2021, indicating a deterioration in performance[3] - Loss for the half-year attributable to equity holders of the Company was €246,913,000, compared to €143,756,000 in the same period last year[5] - Adjusted EBITDA for the six months ended June 30, 2022, was a loss of €(6,571) thousand, compared to a loss of €(3,827) thousand for the same period in 2021[136] - The company reported total other income of €8,987 thousand for the six months ended June 30, 2022, compared to €2,552 thousand in the same period of 2021[142] - The company’s finance costs for the six months ended June 30, 2022, were €15,173 thousand, compared to €(7,261) thousand in the same period of 2021[136] - The company’s profit for the half-year was €15 thousand, a decrease from €(441) thousand in the previous period[135] Assets and Equity - Total assets as of June 30, 2022, amounted to €371,932,000, a significant increase from €219,400,000 at the end of 2021[9] - Non-current assets increased to €262,525,000 from €100,382,000, reflecting a growth of 161.5%[9] - Total equity attributable to equity holders of the Company was €96,411,000 as of June 30, 2022, compared to a negative equity of €76,652,000 at the end of 2021[12] - Cash and cash equivalents stood at €29,775,000, up from €24,652,000 at the end of 2021, indicating improved liquidity[9] Cash Flow and Investments - Cash generated from operations was negative €91,620 thousand in 2022, compared to negative €13,209 thousand in 2021, indicating a significant increase in operational losses[18] - Net cash flows from investing activities were negative €41,826 thousand in 2022, up from negative €8,924 thousand in 2021, reflecting increased investment activity[18] - The company reported a net increase in cash and cash equivalents of €5,123 thousand for the half-year ended June 30, 2022, compared to a decrease of €2,270 thousand in the same period of 2021[18] - Total investments in property, plant, and equipment amounted to €104,438 thousand for the six months ended June 30, 2022, compared to €8,118 thousand in the same period of 2021[185] - The carrying amount of property, plant, and equipment as of June 30, 2022, was €139,739 thousand, up from €41,544 thousand at the end of 2021, primarily due to the acquisition of Mega-E assets[184] Acquisitions and Financing - The completion of the SPAC Transaction on March 16, 2022, yielded proceeds of €146 million, which were received in exchange for Allego shares issued during the PIPE offering[37] - The Group acquired 100% of MOMA for a total purchase price of €60,000 thousand, with 50% paid at the time of acquisition and the remaining 50% settled later[42] - The Group also acquired 51% of Mega-E for a total consideration of €16,759 thousand, including a shareholder loan[42] - The Group plans to seek additional financing to support its long-term growth strategy, with no current commitments for further investments[43] - Short-term financing needs are expected to be met through existing senior debt facilities and operational cash flows[44] - The Group's interim financial statements are prepared under the assumption of continuing as a going concern[44] Share-Based Payments and Management Incentives - The Group established a Management Incentive Plan ("MIP") in March 2022, which includes equity-settled share-based payment transactions for key management personnel[84] - The Group's share-based payment expenses under the MIP are recognized over the vesting period, starting from March 17, 2022[85] - The total fair value of the share-based payment arrangement as of March 17, 2022, was €303,500 thousand, down from €459,300 thousand as of December 31, 2021[156] - Share-based payment expenses for the six months ended June 30, 2022, amounted to €67,621 thousand, a decrease from €121,932 thousand in the same period of 2021[157] - The Management Incentive Plan (MIP) was approved on April 20, 2022, providing long-term incentives for key management employees with a total expense of €11,776 thousand recognized during the period[176] Accounting and Fair Value Measurements - The Group's accounting policies remain consistent with those from the previous year, with no significant changes due to new standards[45] - The Group recognizes revenue from consulting services in the period services are rendered, using the input variable method for fixed-price contracts[56][57] - The Group's investments in equity securities are measured at fair value, with gains and losses presented in other comprehensive income[59] - The fair value of the identifiable assets and liabilities acquired in the MOMA acquisition is currently being assessed, and the initial accounting is incomplete[71] - Goodwill is recorded as the excess of the purchase price over the fair value of identifiable assets and liabilities, with annual impairment assessments required[72] - The Group recognized a contingent liability of €225 thousand related to uncertain tax positions upon the acquisition of MOMA[125] Losses and Future Expectations - The company incurred losses during its initial years of operation and expects to continue incurring losses for the next eighteen months as of June 30, 2022[30] - The Group expects to meet its loan covenants based on forecasted performance criteria, although there is uncertainty regarding future compliance[36] - The basic loss per share for the six months ended June 30, 2022, was €(1.05), compared to €(0.76) for the same period in 2021, reflecting an increase in loss attributable to ordinary equity holders from €(143,756) thousand to €(246,913) thousand[181]
Allego(ALLG) - 2022 Q2 - Earnings Call Transcript
2022-08-22 16:39
Allego N.V. (NYSE:ALLG) Q2 2022 Earnings Conference Call August 22, 2022 8:30 AM ET Company Participants Manish Somaiya - Group Head of Investor Relations and Capital Markets Mathieu Bonnet - Chief Executive Officer Ton Louwers - Chief Financial Officer Conference Call Participants Matt Summerville - D.A. Davidson Gabe Daoud - Cowen and Company Operator Greetings, and welcome to the Allego First Half 2022 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session ...