Financial Data and Key Metrics Changes - Ameresco reported a total revenue growth of 49% to over $0.5 billion, with adjusted EBITDA increasing by 44% to a record $62.2 million [24][27][31] - The company’s total project backlog grew by 22% to $4.5 billion, while the contracted project backlog increased by 56% to a record $1.9 billion [7][24] - Energy asset revenue grew by 33%, with 42 megawatts of new assets brought into operation, totaling 715 megawatts of operating energy assets [25][27] Business Line Data and Key Metrics Changes - Revenue from the projects business grew nearly 60%, reflecting strong execution and backlog conversion [24][25] - The Operations and Maintenance (O&M) business saw a revenue increase of 25%, with a backlog now standing at over $1.4 billion, up 15% year-over-year [26] Market Data and Key Metrics Changes - The company emphasized its diversified customer base, which includes federal, utility, and municipal markets, showing strong demand for renewables and energy efficiency solutions [7][19] - Ameresco's geographical diversification includes operations in every U.S. state, Canada, the UK, and a growing presence in continental Europe [10] Company Strategy and Development Direction - The company announced a corporate structure optimization with key executive promotions to enhance operational efficiency and drive growth [5][6] - Ameresco is focusing on integrating comprehensive cleantech solutions to meet customer needs while maintaining budget-neutral cost-saving solutions [7][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's resilience against changes in administration, citing strong bipartisan support for core efficiency solutions [8][10] - The company anticipates continued strong demand for energy resiliency solutions, particularly in federal and military markets [19][20] Other Important Information - The company reaffirmed its full-year guidance, projecting revenue and adjusted EBITDA growth of 27% and 35%, respectively, at the midpoints [31] - Ameresco's cash flow remained positive, with adjusted cash flow from operations of approximately $34 million [29] Q&A Session Summary Question: Impact of changes in Washington on RNG business - Management indicated that the RNG business remains strong despite changes in administration, with ongoing utility interest in long-term contracts [35][36][38] Question: Differences in federal contracting landscape between administrations - Management noted that performance contracts were significantly more prevalent during the Trump administration compared to the Biden administration [41][42] Question: International project developments, particularly in Greece - Management confirmed that Greece is now on par with the UK as a key operating area in Europe, with strong partnerships and project execution [43] Question: Q4 EBITDA expectations and revenue visibility - Management expects a strong revenue quarter in Q4, with improved gross margin profiles contributing to EBITDA growth [44][46] Question: Supply chain and labor market conditions - Management acknowledged some stabilization in supply chain issues but noted ongoing challenges, particularly with transformer availability [64] Question: Future capital allocation and project development strategy - Management emphasized a cautious approach to capital allocation, aiming for a 20% growth in the asset base while monetizing projects to maintain balance sheet health [57][58]

Q3 2024 Supplemental Information November 7, 2024 ameresco.com © 2024 Ameresco, Inc. All rights reserved. Safe Harbor 2 Forward Looking Statements Any statements in this presentation about future expectations, plans and prospects for Ameresco, Inc., including statements about market conditions, pipeline, visibility, backlog, pending agreements, financial guidance including estimated future revenues, net income, adjusted EBITDA, Non-GAAP EPS, gross margin, effective tax rate, and capital investments, as well ...

Financial Performance - Total revenue increased by 49% year-over-year to $500.9 million, with project revenue growing by 59%[1] - Net income attributable to common shareholders was $17.6 million, down from $21.3 million in the same period last year[3] - Adjusted EBITDA reached a record $62.2 million, representing a 43.6% increase[4] - Total revenues for the three months ended September 30, 2024, were $500,873,000, a 49.4% increase from $335,149,000 for the same period in 2023[22] - Gross profit for the three months ended September 30, 2024, was $77,139,000, compared to $63,656,000 for the same period in 2023, reflecting a gross margin improvement[22] - Operating income for the three months ended September 30, 2024, was $35,159,000, compared to $21,430,000 for the same period in 2023, reflecting improved operational efficiency[22] - Adjusted EBITDA for the three months ended September 30, 2024, was $62,194, with an adjusted EBITDA margin of 12.4%[25] - Net income for the nine months ended September 30, 2024, decreased to $16,030, down 48% from $30,812 in the same period of 2023[23] - Adjusted EBITDA for the nine months ended September 30, 2024, reached $138,156, with a margin of 11.2%[27] Backlog and Contracts - Total project backlog grew by 22% year-over-year to $4.5 billion, with contracted backlog increasing by 56% to $1.9 billion[2] - New contracts awarded in the three months ended September 30, 2023, totaled $341,140 thousand, compared to $799,380 thousand in the same period of 2022, indicating a decline of approximately 57.3%[30] - New awards for the nine months ended September 30, 2024, reached $1,534,824 thousand, compared to $1,673,625 thousand in the same period of 2023, reflecting a decrease of approximately 8.3%[30] Cash and Liquidity - The company ended the quarter with $113.5 million in cash and an Adjusted Cash from Operations of $34.4 million[5] - Cash and cash equivalents increased to $113,502,000 as of September 30, 2024, from $79,271,000 as of December 31, 2023, indicating improved liquidity[20] - Cash flows from operating activities for the nine months ended September 30, 2024, were $99,222, compared to a negative cash flow of $40,421 in the same period of 2023[23] - Cash flows from operating activities for the three months ended September 30, 2023, were $25,091 thousand, a significant improvement from $(6,572) thousand in the same period of 2022[29] - Cash flows from investing activities for the nine months ended September 30, 2024, were $(355,392), an improvement from $(465,193) in 2023[23] Assets and Liabilities - Total current assets increased to $1,224,551,000 as of September 30, 2024, compared to $1,128,471,000 as of December 31, 2023, driven by higher accounts receivable and cash balances[20] - Total assets reached $3,982,238,000 as of September 30, 2024, up from $3,713,776,000 at the end of 2023, indicating strong growth in the asset base[21] - Current liabilities increased to $964,667,000 as of September 30, 2024, compared to $901,471,000 as of December 31, 2023, primarily due to higher accounts payable[20] Debt and Financial Ratios - Corporate debt was reported at $272.5 million, with a corporate leverage ratio of 2.8X, below the covenant level of 3.5X[5] - The company anticipates continued growth in revenues and profitability, driven by market expansion and new product developments[19] - The company reaffirmed its full-year 2024 guidance, expecting revenue growth of 27% and Adjusted EBITDA growth of 35% at midpoints[13] Other Financial Metrics - The company reported a net loss attributable to non-controlling interests of $585,000 for the three months ended September 30, 2024, compared to a net income of $423,000 in the same period of 2023[22] - The company experienced a significant increase in costs and estimated earnings in excess of billings, totaling $126,694 for the nine months ended September 30, 2024, compared to $5,260 in 2023[23] - Stock-based compensation expense for the nine months ended September 30, 2024, was $10,368, down from $12,318 in the same period of 2023[23] - The company reported a net gain from derivatives of $(267) for the nine months ended September 30, 2024, compared to a loss of $(3,306) in 2023[23] - Non-GAAP net income for the three months ended September 30, 2023, was $16,843 thousand, a decrease from $21,144 thousand in the same period of 2022, representing a decline of approximately 20.8%[29] - Diluted net income per common share for the three months ended September 30, 2023, was $0.33, down from $0.40 in the prior year, reflecting a decrease of 17.5%[29]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________. Commission File Number: 001-34811 Ameresco, Inc. (Exact name of registrant as specified in its charter) Delaware 04-3512838 (State ...

Ameresco, Inc. (NYSE:AMRC) Q2 2024 Earnings Conference Call August 5, 2024 4:30 PM ET Company Participants Leila Dillon - SVP, Marketing & Communications George Sakellaris - Chairman, President & CEO Nicole Bulgarino - EVP & General Manager, Federal & Utility Solutions Mike Bakas - EVP, Renewable Natural Gas Doran Hole - EVP & CFO Mark Chiplock - SVP & Chief Accounting Officer Conference Call Participants Noah Kaye - Oppenheimer & Co Stephen Gengaro - Stifel George Gianarikas - Canaccord Genuity Kashy Harri ...

Exhibit 99.1 Ameresco Reports Second Quarter 2024 Financial Results Strong Revenue Growth Led by 45% Increase in Project Revenue Total Project Backlog Increased 36% Y/Y to a Record $4.4 billion; Contracted Backlog up 51% Record 155 MWe Energy Assets Placed into Operation During the Quarter Adjusting 2024 Guidance Second Quarter 2024 Financial Highlights: • Revenues of $438.0 million • Net income attributable to common shareholders of $5.0 million • GAAP EPS of $0.09 • Non-GAAP EPS of $0.10 • Adjusted EBITDA ...

Ameresco, Inc. (NYSE:AMRC) Q1 2024 Earnings Conference Call May 7, 2024 4:30 PM ET Company Participants Leila Dillon – Senior Vice President, Marketing & Communications George Sakellaris – Chairman, President, and Chief Executive Officer Doran Hole – Executive Vice President and Chief Financial Officer Mark Chiplock – Senior Vice President and Chief Accounting Officer Conference Call Participants Noah Kaye – Oppenheimer & Co. Inc. Moses Sutton – BNP Eric Stine – Craig Hallum Joseph Osha – Guggenheim Leanne ...

Q1 2024 Supplemental Information May 7, 2024 ...

PART I - FINANCIAL INFORMATION [Item 1. Condensed Consolidated Financial Statements](index=4&type=section&id=Item%201.%20Condensed%20Consolidated%20Financial%20Statements) Ameresco's unaudited Q1 2024 condensed consolidated financial statements report a **$6.2 million net loss**, a significant shift from prior-year net income Key Financial Statement Summary (Q1 2024 vs Q1 2023) | Financial Metric | Q1 2024 (in thousands) | Q1 2023 (in thousands) | | :--- | :--- | :--- | | **Revenues** | $298,406 | $271,042 | | **Gross Profit** | $46,993 | $49,948 | | **Operating Income** | $7,993 | $9,097 | | **Net (Loss) Income** | $(6,178) | $1,557 | | **Net (Loss) Income Attributable to Common Shareholders** | $(2,937) | $1,102 | | **Diluted (Loss) Earnings Per Share** | $(0.06) | $0.02 | | **Cash from Operating Activities** | $20,817 | $58,772 | Condensed Consolidated Balance Sheet Highlights | Balance Sheet Item | March 31, 2024 (in thousands) | December 31, 2023 (in thousands) | | :--- | :--- | :--- | | **Total Current Assets** | $1,126,472 | $1,128,471 | | **Total Assets** | $3,803,266 | $3,713,776 | | **Total Current Liabilities** | $1,162,280 | $901,471 | | **Total Liabilities** | $2,829,195 | $2,741,014 | | **Total Stockholders' Equity** | $930,163 | $925,886 | [Notes to Condensed Consolidated Financial Statements](index=13&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Notes detail accounting policies, segment reorganization, Europe's revenue growth, **$2.7 billion contracted backlog**, acquisitions, debt, and an **$89 million SCE project contingency** - The company reorganized its internal structure on January 1, 2024, combining U.S. Regions and Canada into 'North America Regions' and reclassifying prior period amounts[39](index=39&type=chunk)[133](index=133&type=chunk) - A significant contingency exists with Southern California Edison (SCE) for a BESS project, with potential liquidated damages up to **$89 million** due to delays, which Ameresco contests[96](index=96&type=chunk)[158](index=158&type=chunk) Disaggregated Revenue by Segment (Three Months Ended March 31) | Segment | 2024 Revenue (in thousands) | 2023 Revenue (in thousands) | % Change | | :--- | :--- | :--- | :--- | | North America Regions | $138,285 | $140,542 | (1.6)% | | U.S. Federal | $60,890 | $59,556 | 2.2% | | Europe | $44,122 | $19,096 | 131.1% | | Alternative Fuels | $32,859 | $28,339 | 15.9% | | All Other | $22,250 | $23,509 | (5.4)% | | **Total** | **$298,406** | **$271,042** | **10.1%** | - Contracted backlog reached **$2.7 billion** as of March 31, 2024, with approximately **32%** expected to be recognized as revenue in the next twelve months[49](index=49&type=chunk) - In Q1 2024, the company completed the second phase of the Bright Canyon Energy Corporation (BCE) acquisition for **$48.0 million**, financed with cash and a seller's note[65](index=65&type=chunk)[89](index=89&type=chunk)[178](index=178&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=33&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q1 2024 results, noting a **10.1% revenue increase** to **$298.4 million** but a **$6.2 million net loss** due to project mix and supply chain issues, with backlog growing to **$4.0 billion** Q1 2024 vs Q1 2023 Performance Summary | Metric (in thousands) | Q1 2024 | Q1 2023 | $ Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Revenues | $298,406 | $271,042 | $27,364 | 10.1% | | Gross Profit | $46,993 | $49,948 | $(2,955) | (5.9)% | | Operating Income | $7,993 | $9,097 | $(1,104) | (12.1)% | | Net (Loss) Income | $(6,178) | $1,557 | $(7,735) | (496.8)% | - Key business trends include the Inflation Reduction Act (IRA)'s impact, creating both favorable climate and project delays, alongside persistent supply chain disruptions and inflation negatively impacting Q1 2024 results[150](index=150&type=chunk)[151](index=151&type=chunk)[152](index=152&type=chunk) Backlog and Asset Development Growth (as of March 31) | Metric (in millions) | 2024 | 2023 | | :--- | :--- | :--- | | Total Project Backlog | $4,020.1 | $2,971.4 | | O&M Backlog | $1,199.0 | $1,214.8 | | Assets in Development | $2,600.0 | $1,400.0 | - The company plans to invest an additional **$235 million to $285 million** in capital expenditures during 2024, primarily for new renewable energy plants, funded mostly with project finance debt[188](index=188&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=42&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) As of March 31, 2024, no significant changes in market risk exposures have occurred since the 2023 Annual Report on Form 10-K disclosures - No significant changes in market risk exposures have occurred since the 2023 Form 10-K disclosures[194](index=194&type=chunk) [Item 4. Controls and Procedures](index=42&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded disclosure controls and procedures were effective as of March 31, 2024, with no material changes to internal control over financial reporting during the quarter - Management concluded the company's disclosure controls and procedures were effective as of the report period end[195](index=195&type=chunk) - No material changes in internal control over financial reporting occurred during the most recent fiscal quarter[196](index=196&type=chunk) PART II - OTHER INFORMATION [Item 1. Legal Proceedings](index=43&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in various legal proceedings, not expecting material adverse effects, with a significant SCE project contingency detailed in Note 10 - The company is subject to ordinary course lawsuits, not expecting material adverse effects, with a material SCE project contingency detailed in Note 10[96](index=96&type=chunk)[198](index=198&type=chunk) [Item 1A. Risk Factors](index=43&type=section&id=Item%201A.%20Risk%20Factors) This section refers to the comprehensive risk factors discussed in the 2023 Form 10-K, emphasizing potential material adverse effects on business and financial results - The company's business is subject to numerous risks detailed in the 'Risk Factors' section of the 2023 Form 10-K[199](index=199&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=43&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) Ameresco did not repurchase Class A common stock in Q1 2024, with approximately **$5.9 million** remaining available under the repurchase program - No shares were repurchased in Q1 2024, with approximately **$5.9 million** remaining authorized under the stock repurchase program as of March 31, 2024[200](index=200&type=chunk) [Item 5. Other Information](index=43&type=section&id=Item%205.%20Other%20Information) No directors or officers adopted, modified, or terminated Rule 10b5-1 or non-Rule 10b5-1 trading arrangements during Q1 2024 - No directors or officers adopted, modified, or terminated a Rule 10b5-1 trading arrangement during Q1 2024[201](index=201&type=chunk) [Item 6. Exhibits](index=44&type=section&id=Item%206.%20Exhibits) This section indexes exhibits filed with Form 10-Q, including credit agreement amendments, CEO/CFO certifications, and Inline XBRL financial data - Exhibits include Amendment No. 5 to the Fifth Amended and Restated Credit Agreement, CEO/CFO certifications (Sections 302 and 906), and Inline XBRL data[203](index=203&type=chunk)[204](index=204&type=chunk)

Exhibit 99.1 Ameresco Reports First Quarter 2024 Financial Results Solid Execution with Growth Across All Business Lines 45% Y/Y Growth in Contracted Backlog Over 750 MWe Ameresco Owned Energy Assets in Development Reaffirms 2024 Guidance First Quarter 2024 Financial Highlights: • Revenues of $298.4 million • Net loss attributable to common shareholders of $2.9 million • GAAP EPS of ($0.06) • Non-GAAP EPS of ($0.10) • Adjusted EBITDA of $30.8 million FRAMINGHAM, MA – May 7, 2024 – Ameresco, Inc. (NYSE:AMRC) ...