#1helios towers 001 Q3 2023 Results 2 November 2023 Q3 23 performance ahead of expectations; FY 23 guidance increased#2Helios Towers team Manjit Dhillon Chief Financial Officer helios Tom Greenwood Chief Executive Officer Chris Baker-Sams Head of Strategic Finance and Investor Relations towers Helios Towers Q3 2023 Results 2#3helios towers Agenda 1. Highlights 2. Financial Results 3. Q&A Helios Towers Q3 2023 Results 3#4helios towers Highlights Helios Towers Q3 2023 Results#5HIGHLIGHTS FINANCIAL RESULTS Highlights Q3 23 performance ahead of expectations; FY 23 guidance increased across all metrics 1 DELIVERING FOR OUR CUSTOMERS... Record organic tenancy additions YTD (+2, 132, already above prior FY 23 guidance) • +0.1x tenancy ratio expansion YTD to 1.9x Future contracted revenue of $5.5bn (highest ever level) increased +13% QoQ, driven by key contract extension, and up +37% YoY • 2 ...DRIVING STRONG Q3 23 FINANCIAL PERFORMANCE +28% YoY revenue growth (+18% organic) +35% YoY Adj. EBITDA growth (+22% organic) +3ppt Adj. EBITDA margin to 52% +30% YoY LTM PFCF growth (1) • 3 STRENGTHENED BALANCE SHEET Opportunistically tendered $325m of our Dec-25 bonds, utilising new up to $720m bank facilities with minimal increase in cost of debt -0.6x net leverage YTD to 4.5x, within our target range (3.5x - 4.5x), one quarter ahead of guidance 4 FY 23 helios towers GUIDANCE INCREASED Increase vs. prior guidance (2) Organic tenancy additions: 2,200 2,400 +15% (Prior: 1,900 - 2,100) • Adj. EBITDA: $365m - $370m +2% (Prior: $355m - $365m) • PFCF: $260m - $265m +9% (Prior: $235m- $245m) Growth underpinned by $5.5bn future contracted revenue, with an average remaining contract life of 7.8 years, and robust CPI and power price protections (1) Last-twelve-month portfolio free cash flow. (2) Reflects mid-point of updated guidance compared to mid-point of prior guidance announced at H1 23. Helios Towers Q3 2023 Results 5#6HIGHLIGHTS FINANCIAL RESULTS FY 2023 on track to be one of the Company's best ever years' for organic growth, driving cash flow and returns Organic tenancy additions (#) Organic tenancy ratio expansion Adj. EBITDA (US$m) PFCF(2) and ROIC(3) (US$m / %) +0.02x helios towers Adj. EBITDA growth PFCF growth +0.01x +0.1x(1) +6% +18% +30%(1) -3% +20% +30%(1) 260-265 2,200 - 2,400 365-370 1,601 1,262 I 283 241 2,132 YTD FY 21 FY 22 FY 23 guidance 201 168 197 YTD 10% 12% YTD 269 YTD 12% Doubled platform through acquisition FY 21 FY 22 FY 23 guidance FY 21 Strong YoY organic growth YTD Q1 23 Q2 23 11% 15% (1) Based on FY 23 guidance mid-point. (2) Defined as Adjusted EBITDA less maintenance and corporate capital expenditure, payments of lease liabilities (including interest and principal repayments of lease liabilities) and tax paid. (3) Q3 23 22% PFCF FY 22 Organic growth phase FY 23 guidance ROIC Return on invested capital (ROIC) is defined as annualised portfolio free cash flow divided by invested capital. Invested capital is defined as gross property, plant and equipment and gross intangible assets, less accumulated maintenance and corporate capital expenditure, adjusted for IFRS 3 accounting adjustments and deferred consideration for future sites. Helios Towers Q3 2023 Results 6#7HIGHLIGHTS FINANCIAL RESULTS Future contracted revenue has grown 37% in the past year, underpinning future growth Future contracted revenue (US$bn, excluding future escalations and automatic renewals) Average remaining life (years) 7.0yrs 0.7 0.8 (0.7) 0.7 7.8yrs $5.5bn $4.0bn Last- twelve- Includes key customer 10yr Record organic month revenue(1) extension (c.2.3k tenancies) additions YoY (c.2.7k tenancies) Q3 22 Revenue recognised Contract renewals Organic tenancy adds/ escalations Oman acquisition Q3 23 Commentary . helios towers Contracted revenue increased to a record $5.5bn, underpinning the quality and visibility of future organic growth YoY increase driven by: Business-as-usual 10yr contract extension with key customer A Record organic tenancy additions CPI and power price escalations Oman acquisition Reflects focus on customer service excellence and leadership positions in structurally high-growth markets Average remaining contract life is now 7.8 years (+0.8yrs YoY), excluding the benefit of future automatic renewals (1) $0.7bn last-twelve-month revenue, reflects reported revenue between Q4 22 and Q3 23 that has consequently reduced the future contracted revenue balance. Helios Towers Q3 2023 Results 7#8HIGHLIGHTS FINANCIAL RESULTS FY 2024 financial goals Following platform expansion across 2021-2022 and strong organic performance in 2023, 2024 is expected to deliver continued organic growth and reduced net leverage helios towers 1 Organic growth focus with 0.05-0.1x tenancy ratio increase 2 Double-digit organic Adj. EBITDA growth 3 Continued deleveraging with net leverage below 4.0x Helios Towers Q3 2023 Results 8#9helios R towers Financial Results Helios Towers Q3 2023 Results 9#10HIGHLIGHTS FINANCIAL RESULTS Q3 2023: Financial overview helios towers YOY QoQ In US$m, unless otherwise stated Sites (#) YTD YTD % change Q3 23 Q2 23 % change Q3 23 Q3 22 14,024 10,872 +29% 14,024 13,870 +1% Tenancies (#) 26,624 20,913 +27% 26,624 25,883 +3% Tenancy ratio (x) 1.90x 1.92x -0.02x 1.90x 1.87x +0.03x Revenue 534 409 +31% 184 179 +2% Adj. EBITDA(1) 269 207 +30% 95 89 +7% Adj. EBITDA margin (%) 50% 51% -1% 52% 50% +2% Operating profit 113 83 63 +79% 43 Portfolio free cash flow (2) 197 145 +36% 73 35 36 +19% 67 +9% Cash generated from operations 240 162 +48% 92 111 -17% Capex 149 214 -31% 56 45 +24% Net debt(3) 1,730 1,148 +51% 1,730 1,715 +1% Net leverage (x)(4) 4.5x 4.1x +0.4x 4.5x 4.8x -0.3x (1) Adjusted EBITDA is defined by management as loss before tax for the year, adjusted for finance costs, other gains and losses, interest receivable, loss on disposal of property, plant and equipment, amortisation of intangible assets, depreciation and impairments of property, plant and equipment, depreciation of right-of-use assets, deal costs for aborted acquisitions, deal costs not capitalised, share-based payments and long-term incentive plan charges, and other adjusting items. Adjusting items are material items that are considered one-off by management by virtue of their size and/or incidence. (2) Portfolio free cash flow is defined as Adj. EBITDA less maintenance and corporate capital additions, payments of lease liabilities (including interest and principal repayments of lease liabilities) and tax paid. (3) Net debt means gross debt less cash and cash equivalents. Helios Towers Q3 2023 Results 10 (4) Calculated as net debt divided by annualised Adj. EBITDA.#11HIGHLIGHTS FINANCIAL RESULTS Q3 2023: Record organic tenancy additions Sites +5% +29% Tenancies Tenancy ratio +11% +27% +0.11x 26,624 3,304 1.92x 14,024 20,913 2,528 10,872 10,765 9,028 4,648 5,085 6,224 6,411 11,885 12,555 1.79x (PF Oman acquisition, closed Q4-22) -0.02x helios towers 1.90x • Q3 22 Site additions +3,152 YoY Q3 23 +633 organic site additions, with expansion driven by DRC, Senegal and Madagascar o +2,519 acquired sites from Oman acquisition Q3 22 Tenancy additions +5,711 YOY o Record organic additions Q3 23 。 +3,017 acquired tenancies from Oman acquisition, with 287 organic tenancy additions YTD Q3 22 Tenancy ratio -0.02x Q3 23 o Driven by acquisition in Oman (1.20x at acquisition), which has expanded +0.11x since closing o Excluding Oman, tenancy ratio expanded +0.11x (1) Organic growth (1) East & West Africa Central & Southern Africa Middle East & North Africa YoY% organic growth calculated as organic additions divided by Q3 22 site/ tenancy position, updated for day-1 acquired Oman sites/ tenancies. Organic tenancy ratio calculation excludes Oman acquisition. Helios Towers Q3 2023 Results 11#12HIGHLIGHTS FINANCIAL RESULTS Q3 2023: Strong YoY Adjusted EBITDA growth Revenue (US$m) +18% +28% Adj. EBITDA (US$m) +22% +35% Adj. EBITDA margin (%) +3ppt 184 14 95 9 143 71 44 91 75 36 78 43 69 52 52 Q3 22 Q3 23 • Organic revenue growth driven by tenancy growth (+11ppt) and power and CPI escalations, net of Fx movements (+7ppt) -8 Q3 22 -9 Q3 23 Adj. EBITDA growth across all three segments, reflecting +22% organic growth and +13% from the Oman acquisition Organic growth (1) East & West Africa Central & Southern Africa Middle East & North Africa Holdco (1) Organic growth excludes revenues and Adj. EBITDA contributed from the portfolio acquired in Oman in Q4 2022. • helios towers 52% 49% Q3 22 Q3 23 Adj. EBITDA margin increased +3ppt On a constant fuel price basis, Adj. EBITDA margin would have been 53% (+4ppt YoY), supported by growth and tenancy ratio expansion Helios Towers Q3 2023 Results 12#13HIGHLIGHTS FINANCIAL RESULTS Q3 2023: Proven resilience to Fx, CPI and power prices (1) (2) Q3 23 YoY revenue walkthrough (1,2) (US$m) 143 +28% 14 7 (4) 7 17 Q3 23 YoY Adj. EBITDA walkthrough(1) (US$m) Principally driven by Ghanaian Cedi movements vs. US dollar 184 71 +35% 9 3 (2) 2 12 helios towers Power efficiency through Project 100 initiatives CPI escalations more than offsetting Fx impacts 95 +11% +5% +5% (3%) +10% +18% +3% +4% (3%) +13% (3) Q3 22 Organic tenancy growth Power CPI FX Acquisitions Q3 23 Q3 22 (4) (3) Organic tenancy growth Power CPI/ FX Acquisitions Q3 23 $ Non-power (5) $ Figures may not sum due to rounding. HT revenue impact for CPI and power reflect increase in Q3 23 revenues from respective escalations effected since the beginning of Q4 22. HT revenue impact from Fx reflects the YoY Fx translation impact from local currency and Euro-pegged revenues into US dollars. (3) Reflects contributions from Oman. (4) (5) Calculated as escalations from power-linked revenues less year-on-year changes in power opex assuming Q3 22 power opex per site using HT's Q3 23 average site count (excluding Oman). Calculated as escalations from CPI-linked revenues less year-on-year changes in non-power opex and SG&A assuming Q3 22 non-power opex per site using HT's Q3 23 average site count (excluding Oman). Helios Towers Q3 2023 Results 13#14HIGHLIGHTS FINANCIAL RESULTS Diversified business underpinned by long-term contracts with blue-chip MNOS Diverse, quality customer base Q3 23 YTD revenue breakdown by customer Robust hard-currency revenues Q3 23 YTD revenue breakdown by FX helios towers Geographically diverse revenues Q3 23 YTD revenue breakdown by segment 39% • • 2% Largest customers Airtel Africa 28% (5 markets) Vodacom/fone (4 markets) 17% USD CFA Franc / EUR 8% East & West Africa 44% Central & Southern Africa 19% 55% LCY (Power) 48% Orange (3 markets) Other blue-chip MNOS 21% 9% 10% Other LCY (CPI) Middle East & North Africa Strong customer base with 98% revenues from blue- chip MNOS Revenues underpinned by long-term contracts, with a record $5.5bn contracted revenue at Q3 23, with an average remaining life of 7.8 years 64% revenues; 71% Adj. EBITDA in hard-currency High proportion of hard-currency revenues and Adj. EBITDA reflects four markets being innately hard-currency(1) in addition to customer contract structuring Local currency earnings protected through inflation escalators Most diversified towerco across Africa and the Middle East Leadership positions in seven of our nine markets Note: Percentage values may not sum to 100% due to rounding. (1) Senegal, DRC, Congo Brazzaville and Oman. Helios Towers Q3 2023 Results 14#15HIGHLIGHTS FINANCIAL RESULTS FY 2023 capex is tightly controlled and focused on accretive high-return organic opportunities Capex breakdown US$m, FY 22 Q3 23 YTD unless otherwise stated FY 23 Guidance Acquisitions 557 12 Growth 171 75 Upgrade 16 34 Prior guidance: $140m $170m 745 121 150-180 Commentary Discretionary(1) Non-discretionary 20 (Cost per site per year) ($2k) 28 ($3k) c.40 ($3k) • Total capex(1) 765 149 190-220 helios towers Discretionary capex is tightly controlled and only approved if returns achieve key thresholds Growth capex focused on (1) colocations (2) efficiency projects (including Project 100) (3) new BTS with high lease-up potential Q3 23 Q3 23 YTD capex trending in-line with full-year expectations FY 23 Capex guidance increased to $190m - $220m (prior: $180m $210m) to reflect +300 increase in organic tenancy guidance - Non-discretionary capex outlook for the year unchanged at c.$40m (1) Values may not sum up due to rounding. Helios Towers Q3 2023 Results 15#16HIGHLIGHTS FINANCIAL RESULTS Debt liability management In September, the Company raised up to $720m loan and credit facilities (1), to opportunistically manage its debt maturity profile Strengthened balance sheet Debt maturity profile extended +1yr extended weighted average remaining debt maturity by almost one year, to 4 years (2) 7.1% $400m neutral impact to gross and net leverage Group's cost of debt (2) increasing marginally from 6.7%, despite a rising rate environment continue to have c.$400m of undrawn debt facilities (3), available for future refinancing and general corporate purposes ($m) helios towers Group facilities: 65 Senior Notes Convertible bond New term loan TL repaid 325 Senior Notes tendered 650 405 300 Local facilities (4) Use of proceeds: ✓ $325m senior notes tendered ✓ $65m TL repaid fees & expenses >130 2023 2024 2025 (December) 2026 2027 2028 2029+ (1) Includes $600m term loan and up to $120m RCF, with $405m drawn on the term loan as of 2 November 2023. (4) (2) (3) Calculated on weighted basis, utilising drawn debt and interest cost as of Q3 2023, pro forma for the completed $325m tender offer. Includes Group term loan ($195m undrawn), Group RCF (fully undrawn) and local facilities. Local facilities feature principal amortisation through 2023 and beyond. These amounts are largely immaterial compared to the Group's total debt and therefore have not been disclosed. Helios Towers Q3 2023 Results 16#17HIGHLIGHTS FINANCIAL RESULTS Q3 2023: Net leverage reduced to within our target range helios towers Debt KPIs Commentary ($m) Q4 22 Q2 23 Q3 23 Q3 23 PF(7). Cash & cash equivalents 120 128 151 151 Bond (Dec-25) 975 975 975 650 Convertible bond (1) (Mar-27) 247 247 247 247 Group term loan (Jun-25) 25 65 80 405 Local facilities 267 270 282 282 Lease obligations + other (2) 284 285 297 297 Gross debt 1,798 1,843 1,881 1,881 Net debt (3) 1,678 1,715 1,730 1,730 Net leverage decreased by -0.6x YTD and -0.3x QoQ to 4.5x, within our target range of 3.5x – 4.5x Looking forward to 2024, we target reducing our net leverage to below 4.0x On a pro forma basis, c.$550m in available funds, with $151m cash on balance sheet and c.$400m undrawn debt facilities across the Group Debt is largely fixed rate, with no near-term maturities Annualised Adj. EBITDA (4) 329 356 382 382 Gross leverage (5) 5.5x 5.2x 4.9x 4.9x Net leverage (6) 5.1x 4.8x 4.5x 4.5x 4 years weighted average life remaining(8) >80% of drawn debt at fixed rate(8) (1) (2) (3) (4) -0.6x net leverage YTD The convertible bond is accounted for as a compound instrument. On initial recognition of the $250m March issue, this created a $205m liability and an equity component of $45m before transaction costs. At Q3 2023 and including the $50m bond tap, this represents a $247m liability and an equity component of $53m before transaction costs and excluding accrued interest. 'Other' relates to unamortised loan issue costs, accrued bond and loan interest, derivative liability and shareholder loans. Net debt is calculated as gross debt less cash and cash equivalents. Annualisation is calculated as the most recent fiscal quarter multiplied by four, adjusted to annualise the impact of acquisition completed during the period. (5) Calculated as gross debt divided by Annualised Adj. EBITDA for the quarter. (6) Calculated as net debt divided by Annualised Adj. EBITDA for the quarter. (7) Q3 23 PF reflects Q3 23 reported position, adjusted for the $325m partial tender of the Group's 2025 notes announced on 16 October 2023. (8) Fixed rate % and weighted average remaining life based on drawn debt on a pro forma basis. Helios Towers Q3 2023 Results 17#18HIGHLIGHTS FINANCIAL RESULTS FY 2023: Guidance increased following strong YTD performance helios (1) (2) FY 22 Actual FY 23 Prior guidance FY 23 Updated guidance (1) Organic tenancy additions +1,900 +1,601 +2,100 (Original: +1,600 - +2,100) +2,200 +2,400 towers YOY FY 23 vs FY 22(2) +9% - +10% Adj. EBITDA $283m $355m - $365m (Original: $350m - $365m) $365m - $370m +29% - +31% PFCF $201m Capex $765m of which $20m non-discretionary Guidance assumes the Group continues to apply the same accounting policies. YoY growth refers to FY 23 updated guidance compared to FY 22. $235m - $245m (Original: $230m - $245m) $260m - $265m +29% - +32% $180m $210m of which $40m non-discretionary (Original: $170m - $210m) $190m $220m of which $40m non-discretionary (71%) - (75%) Helios Towers Q3 2023 Results 18#19HIGHLIGHTS FINANCIAL RESULTS Key takeaways helios towers FY 23 set to be one of the Company's best ever years for organic growth with full-year guidance increased further New markets continue to demonstrate lease-up, supporting Adj. EBITDA and ROIC growth Net leverage down within our target range, one quarter earlier than guidance, and average debt maturity extended with marginal increase in cost of debt Continued momentum expected into FY 24: Focused on organic growth with 0.05 -0.1x tenancy ratio expansion, double-digit Adj. EBITDA growth and net leverage below 4.0x Helios Towers Q3 2023 Results 19#20helios R towers Thank you شكراً Shukran Jërëjëf Asante Zikomo Matondo Misaotra Matondi Merci Medaase Siyabonga Helios Towers Q3 2023 Results 20#21Investor relations IR Contact Chris Baker-Sams Head of Strategic Finance and Investor Relations [email protected] Upcoming IR events Date 15 to 16-Nov Event Morgan Stanley European Technology, Media & Telecom Conference helios towers Helios Towers Q3 2023 Results 21#22helios towers Appendix Helios Towers Q3 2023 Results 22#23Q3 2023 sites and tenancies helios towers Sites Tenancies Tenancy ratio Q3 23 Q3 22 YOY Q2 23 QoQ Q3 23 Q3 22 YOY Q2 23 QoQ Q3 23 Q3 22 YOY Q2 23 QoQ Tanzania 4,188 4,174 +14 4,193 (5) 9,648 9,312 +336 9,535 +113 2.3x 2.2x +0.1x 2.3x 0.0x Senegal 1,428 1,303 +125 1,386 +42 1,554 1,388 +166 1,483 +71 1.1x 1.1x 0.0x 1.1x 0.0x Malawi 795 747 +48 770 +25 1,353 1,185 +168 1,316 +37 1.7x 1.6x +0.1x 1.7x 0.0x East & West Africa 6,411 6,224 +187 6,349 +62 12,555 11,885 +670 12,334 +221 2.0x 1.9x +0.1x 1.9x +0.1x DRC 2,487 2,186 +301 2,418 +69 6,130 4,927 +1,203 5,845 +285 2.5x 2.3x +0.2x 2.4x +0.1x Congo B 543 502 +41 530 +13 768 699 +69 754 +14 1.4x 1.4x 0.0x 1.4x 0.0x Ghana 1,095 1,109 (14) 1,117 (22) 2,433 2,210 +223 2,449 (16) 2.2x 2.0x +0.2x 2.2x 0.0x South Africa 377 362 +15 375 +2 719 606 +113 642 +77 1.9x 1.7x +0.2x 1.7x +0.2x Madagascar 583 489 +94 562 +21 715 586 +129 667 +48 1.2x 1.2x 0.0x 1.2x 0.0x Central & Southern Africa 5,085 4,648 +437 5,002 +83 10,765 9,028 +1,737 10,357 +408 2.1x 1.9x +0.2x 2.1x 0.0x Oman 2,528 Middle East & North Africa 2,528 Group +2,528 2,519 +9 3,304 +2,528 2,519 +9 3,304 +3,304 3,192 +112 1.3x +3,304 3,192 +112 1.3x 1.3x 0.0x 1.3x 0.0x 14,024 10,872 +3,152 13,870 +154 26,624 20,913 +5,711 25,883 +741 1.9x 1.9x 0.0x 1.9x 0.0x Helios Towers Q3 2023 Results 23#24Tanzania Senegal Malawi DRC 5% 4% 2% 1% Congo B Ghana South Africa 7% 4% 4% 4%(2) Our markets are some of the fastest growing in the world Forecast 2023 real GDP growth (¹) in HT markets helios Ptower's Forecast 2023 inflation trend(1) in HT markets 1% 1% (1) Forecasts from IMF World Economic Outlook, Oct 2023. Inflation refers to average consumer prices. DRC inflation reflects US inflation due to dollarised nature of economy. (2) Group blended average weighted based on Q3 23 site count. Madagascar Oman Group G7 World 3% 1% 4% 6% DRC Congo B 4% 4% Ghana South Africa Madagascar 6% Oman 1% Group Helios Towers Q3 2023 Results 24 28% 42% 11% 8%(2) G7 World 5% 7%#25Market overview: Macro and industry snapshot Tanzania # MNOS(¹) Mobile Penetration (2) 4G/5G penetration POS Growth CAGR (3) (2021-2026) 4+ 48% 8% 15% Towers held by MNOS(4) 0.6k Credit ratings (5) B2(Pos)/NR/B+(St) helios towers Credit ratings momentum (6) Senegal 3 44% 24% 7% 2.7k Ba3(St)/B+(St)/NR Malawi 2 41% 17% 8% 0.8k NR/NR/NR East & West Africa 4 46% 17% 8% 4.1k DRC 4 27% 6% 12% 1.3k B3(St)/B-(St)/NR Congo B 2 38% 19% 10% 0.3k Caa2(St)/B-(St)/CCC+ Ghana 3 54% 20% 5% 0.4k Ca(St)/SD/RD South Africa 5 73% 49% 1% 16.8k Ba2(St)/BB-(St)/ BB-(St) Madagascar 4 37% 28% 7% 0.6k NR/B-(St)/NR Central & Southern Africa 4 39% 16% 9% 19.4k Oman 3 84% 63% 9% 3.0k Ba2(Pos)/BB+(St)/ BB+(St) Middle East & North Africa 3 84% 63% 9% 3.0k Group 3+ 50% 25% 8% 26.5k (1) (2) Group/segment figures calculated on a site weighted basis across our nine operational markets. GSMA Intelligence Database, accessed December 2022. Market penetration; Unique mobile subscribers 2022. Group/segment figures weighted based on Q3 23 site count. (4) Analysys Mason, February 2022. Towers held by MNOS reflects marketable tower held by MNOS across our markets. (5) Credit ratings in the order of Moody's, S&P and Fitch. (3) Analysys Mason, February 2022. Group/segment figures weighted based on Q3 23 site count. (6) Refers to change in credit ratings from the positions on 1st Jan 2022. Rating upgrade from one of the agencies Outlook upgrade from one of the agencies No change in ratings/ outlook Outlook downgrade from one of the agencies Rating downgrade from one of the agencies Helios Towers Q3 2023 Results 25#26Adj. EBITDA protected through power price volatility helios Without power escalation protections Illustrative example With Helios Towers power escalation protections Illustrative example HT Q3 2023 helios towers US$m (unless otherwise stated) Before power increase Power increase After power increase US$m (unless otherwise stated) Before power increase Power increase After power increase US$m (unless otherwise stated) towers Q3 23 Power (adjusted for YoY increases Q3 23 (reported) power increases) Revenues 50 10 60 Revenues 50 50 Revenues 177 7 184 OpEx (30) (10) (40) OpEx (30) (10) (40) OpEx/ SG&A (84) (5) (89) Adj. EBITDA 20 (10) 10 Adj. EBITDA 20 20 20 20 Adj. EBITDA 93 2(1) 95 Adj. EBITDA margin 40% -20ppt 20% Adj. EBITDA margin 40% -7ppt 33% Adj. EBITDA margin 53% -1ppt 52% Adj. EBITDA reduction without power price escalations Adj. EBITDA protected with power price escalations Adj. EBITDA margins may move due to volatile fuel price movements; However, importantly, Adj. EBITDA is well-protected (1) Calculated as escalations from power-linked revenues less year-on-year changes in power opex assuming Q3 22 power opex per site using HT's Q3 23 average site count (excluding Oman). Helios Towers Q3 2023 Results 26#27Leading ESG credentials MSCI ESG RATINGS AAA CCC B BB BBB A AA AAA + CDP helios towers PLATINUM Top 1% 2022 ecovadis Sustainability Rating Second 'AAA' ESG rating from MSCI, Jun 23 (the highest possible score from MSCI) FTSE4Good FTSE4Good Index inclusion, Jun 23 (for a second consecutive year) Scored B, Dec 22 (improvement from 2021 rating of B-) Platinum rating, Nov 22 (rated top 1% from telecoms industry) SUSTAINALYTICS ESG Risk Rating of 16.8 (Low Risk), Jul 23 (Improvement from 22.6 (Medium Risk)) ISS▷ Scored C-, May 21 WDi Workforce Disclosure Initiative V.E Disclosure score of 87%, Feb 23 (higher than average score of 68% for all companies) Rating at 49/100, Oct 21 (88% increase from 2020 score) Helios Towers Q3 2023 Results 27#28Disclaimer helios towers This presentation does not constitute an offering of securities or otherwise constitute an invitation or inducement to any person to underwrite, subscribe for or otherwise acquire or dispose of securities in Helios Towers plc (the "Company") or any other member of the Helios Towers group (the "Group"), nor should it be construed as legal, tax, financial, investment or accounting advice. This presentation contains forward looking statements which are subject to known and unknown risks and uncertainties because they relate to future events, many of which are beyond the Group's control. These forward looking statements include, without limitation, statements in relation to the Company's financial outlook and future performance and related projections and forecasts. No assurance can be given that future results will be achieved; actual events or results may differ materially as a result of risks and uncertainties facing the Group. You are cautioned not to rely on these forward looking statements, which speak only as of the date of this announcement. The Company undertakes no obligation to update or revise any forward looking statement to reflect any change in its expectations or any change in events, conditions or circumstances. Nothing in this presentation is or should be relied upon as a warranty, promise or representation, express or implied, as to the future performance of the Company or the Group or their businesses. This presentation also contains industry, market and competitive position data and forecasts from our own internal estimates and research as well as from studies conducted by third parties, publicly available information, industry and general publications and research and surveys. This information involves a number of assumptions and limitations, and you are cautioned not to give undue weight to these estimates, as there is no assurance that any of them will be reached. Industry publications, research, surveys and studies generally state that the information they contain has been obtained from sources believed to be reliable, but that the accuracy and completeness of such information is not guaranteed. Forecasts and other forward-looking information obtained from these sources and from our and third party estimates are subject to the same qualifications and uncertainties as the other forward-looking statements in this presentation and as described above. This presentation also contains non GAAP financial information which the Directors believe is valuable in understanding the performance of the Group. However, non GAAP information is not uniformly defined by all companies and therefore it may not be comparable with similarly titled measures disclosed by other companies, including those in the Group's industry. Although these measures are important in the assessment and management of the Group's business, they should not be viewed in isolation or as replacements for, but rather as complementary to, the comparable GAAP measures. Helios Towers Q3 2023 Results 28