Ameresco hosts Investor Day in London; reiterates 2023 guidance and 2024 Adjusted EBITDA target of $300M

Ameresco, Inc.

Reiterated 2023 revenue and adjusted EBITDA guidance; 2024 adjusted EBITDA target reaffirmed at $300M.
Provided detailed 2023 revenue build assumptions including 90-95% conversion of 12-month contracted project backlog as of March 31, 2023.
Energy assets in development portfolio of ~$5.7B, total long-term revenue visibility over $12B.
European expansion strategy discussed; highlighted Bristol City Leap project and partnerships with Enerqos and Sunel Group.
Expects operating leverage from corporate overhead growing at ~5% for 2024 target.

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