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 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 ...

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 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 ...