Table of Contents 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 September 30, 2023 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: 001-39572 EVgo Inc. (Exact name of registrant as specified in its charter) Delaware 85-2326098 (State or othe ...

EVgo, Inc. (NASDAQ:EVGO) Q2 2023 Earnings Conference Call August 2, 2023 5:00 PM ET Company Participants Heather Davis - Vice President, Investor Relations Cathy Zoi - Chief Executive Officer Dennis Kish - Chief operating Officer Stephanie Lee - SVP and Interim Chief Financial Officer Conference Call Participants James West - Evercore ISI Chris Pierce - Needham Alex Vrabel - Bank of America Bill Peterson - JPMorgan Chase Craig Irwin - ROTH MKM Andres Sheppard - Cantor Fitzgerald Doug Becker - Reef Capital ...

Key Financial Highlights Q2 2023 Quarterly Revenue, Margin and Cash Flow Update Q2'23 Q2'22 (unaudited, dollars in thousands) Cash flows used in operating activities $ (3,182) $ (18,539) Capital expenditures $ 34,811 $ 44,017 | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------|-------|------------|-------|------------|-------------------------| | (unaudited, dollars in thousands) \nNetwork Throughput (GWh) 24.9 10.1 | | Q2'23 | | Q2'22 \n | Bette ...

Table of Contents 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, 2023 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: 001-39572 EVgo Inc. If an emerging growth company, indicate by check mark if the registrant has elected not to use ...

This presentation contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target," "assume" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forw ...

EVgo, Inc. (NASDAQ:EVGO) Q1 2023 Earnings Conference Call May 9, 2023 11:00 AM ET Company Participants Heather Davis - Vice President, Investor Relations Cathy Zoi - Chief Executive Officer Olga Shevorenkova - Chief Financial Officer Jonathan Levy - Chief Commercial Officer Conference Call Participants Gabe Daoud - Cowen James West - Evercore ISI Bill Peterson - J.P. Morgan Maheep Mandloi - Credit Suisse Andres Sheppard - Cantor Fitzgerald Operator Thank you for standing by. My name is [Bailey] [ph] and I ...

Table of Contents 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 March 31, 2023 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: 001-39572 EVgo Inc. (Exact name of registrant as specified in its charter) Delaware 85-2326098 (State or other ju ...

EVgo Inc. (NASDAQ:EVGO) Q4 2022 Results Conference Call March 30, 2023 11:00 AM ET Company Participants Heather Davis - VP, IR Cathy Zoi - CEO Olga Shevorenkova - CFO Jonathan Levy - Chief Commercial Officer Conference Call Participants James West - Evercore ISI Gabe Daoud - TD Cowen Maheep Mandloi - Credit Suisse Andres Sheppard - Cantor Fitzgerald David Kelley - Jefferies Alex Vrabel - Bank of America Bill Peterson - JP Morgan Operator Good day, and welcome to the EVgo Fourth Quarter and Full Year 2022 Ea ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ 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 ☐ 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: 001-39572 EVgo Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organ ...

Revenue Generation - EVgo's revenue is primarily generated from charging services, including retail, OEM, and commercial fleet business lines, with ancillary revenues from data services and regulatory credit sales[193]. - EVgo has a flexible business model with multiple revenue streams, including charging revenue from retail, OEM, and commercial customers, as well as ancillary revenue from software-driven services[174]. - Regulatory credits, such as Low Carbon Fuel Standard credits, contribute to EVgo's revenue, generated through the volume of kWh sold at its charging stations[182]. - EVgo generates revenue from selling regulatory credits, which are subject to market dynamics and government support, impacting future earnings[222]. Infrastructure Development - The company has entered into a Pilot Infrastructure Agreement to build, operate, and maintain up to 2,000 DC fast charging stalls across more than 40 states, owned by Pilot Company[191]. - EVgo has a minimum purchase commitment of 1,000 chargers from Delta Electronics to support its infrastructure expansion[192]. - The number of DC stalls on EVgo's network increased to 2,115 as of September 30, 2022, compared to 1,595 stalls a year earlier, representing a growth of 32.66%[212]. Financial Performance - Total revenue for the three months ended September 30, 2022 increased by $4.3 million, or 70%, to $10.5 million compared to $6.2 million for the same period in 2021[225]. - Total revenue for the nine months ended September 30, 2022, increased by $12.2 million, or 81%, to $27.3 million compared to $15.1 million for the same period in 2021[250]. - Operating loss for the three months ended September 30, 2022 was $40.0 million, an increase of $14.1 million, or 54%, compared to the same period in 2021[239]. - Net loss for the three months ended September 30, 2022 was $50.9 million, compared to net income of $23.6 million for the same period in 2021[247]. - General and administrative expenses increased by $43.7 million, or 95%, to $89.9 million compared to $46.2 million for the nine months ended September 30, 2021[262]. Market Dynamics - The EV charging industry is becoming increasingly competitive, with factors such as charger count, speed, and customer experience influencing market share[215]. - EVgo's revenue growth is closely linked to the adoption of passenger and commercial EVs, which drives demand for charging infrastructure and services[211]. - The company anticipates that government initiatives and incentives will accelerate EV adoption in the coming years[189]. Regulatory Environment - The Inflation Reduction Act of 2022 may provide additional tax credits and incentives for EV charging infrastructure, potentially benefiting EVgo's operations[188]. - The U.S. federal government offers a tax credit of up to $7,500 for qualified new plug-in EVs, which may influence the EV market and EVgo's business operations[220]. - The Inflation Reduction Act revised Section 30C tax credits, extending the expiration date to January 1, 2033, and increasing the cap to $100,000 per item for EV charging stations[217]. - EVgo's management is monitoring key regulations that may impact fleet electrification, including California's Advanced Clean Truck rule and similar programs in other states[214]. Operational Challenges - EVgo has experienced operational impacts due to COVID-19, including reduced network throughput and construction delays[185]. - Technology risks exist as EVgo relies on various hardware and software technologies, necessitating ongoing investment to remain competitive in the evolving EV ecosystem[221]. Cash Flow and Liquidity - Cash used in operating activities for the nine months ended September 30, 2022, was $57.3 million, compared to $17.8 million for the same period in 2021[288]. - The net cash outflow for the nine months ended September 30, 2022, was $184.2 million, indicating significant cash burn[281]. - As of September 30, 2022, the company had a cash and restricted cash balance of $301.0 million, down from $485.2 million as of December 31, 2021[281]. - Working capital as of September 30, 2022, was $248.5 million, down from $459.5 million as of December 31, 2021[291]. Adjusted Metrics - Adjusted EBITDA for the three months ended September 30, 2022, was $(22.2) million, compared to $(14.3) million in the same period of 2021[278]. - Adjusted gross profit for the three months ended September 30, 2022, was $2.0 million, with an adjusted gross margin of 19.0%, compared to 22.2% in the same period of 2021[277].