#1cellnex FY'22 Results presentation Press conference. Barcelona, 1st March 2023 3:0 2 Presentació de Resultats Presentación de Resultados Results Presentation#22022 at a glance Strong organic growth and financial performance +6% new PoPs vs. FY 2021 with strong progress on BTS programs Revenues €3,499Mn, +38% vs. FY 2021 Adjusted EBITDA €2,630Mn, +37% vs. FY 2021 RLFCF €1,368Mn, +39% vs. FY 2021 On track to meet the "Next Chapter" targets FCF trending to neutral by the end of 2023 Committed to securing BBB- by S&P (by 2024 the latest) and maintaining BBB- by Fitch, with generation of organic growth and efficiencies plan on track Open to assess opening the capital of subsidiaries to crystallize value and accelerate the IG process 2022 another year of delivery New entrants generating organic growth: Iliad in Italy and Digi in Portugal Key contracts renewed: Telefónica extended for a 30-year period and RTVE for another 5 years Successful integrations: CK Hutchison UK deal and remedies closed and remedies process in France on track Sustained improvement in the main sustainability indices Building solid foundations for the future Fully funded and hedged: c.€4.4Bn liquidity, c.77% debt fixed, with average interest rate in 2023 expected to be in line with 2022 despite current conditions 2025 outlook reiterated - all operational and financial metrics on track Results January - December 2022 - 1st March 2023 2 Presentació de Resultats Presentación de Resultados Results Presentation cellnex 1#3FY 2022 performance vs. guidance and 2023 outlook 2022 financial performance in line with guidance and 2023 guidance implying a double-digit growth in key metrics 2 Presentació de Resultats Presentación de Resultados Results Presentation Revenues (Mn) Guidance 2022 Actual 2022 3,405 -3,455 3,499 Guidance 2023 4,100-4,300 Adjusted EBITDA (€Mn) 2,610-2,660 2,630 2,950-3,050 RLFCF (€Mn) 1,315-1,345 1,368 1,525-1,625 Organic growth > 5% > 5% > 5% Results January - December 2022 - 1st March 2023 cellnex 2#42022 key figures and indicators (i) Solid financial performance Revenues (EMn) 2,536 +38% 3,499 EBITDA (€Mn) +37% RLFCF (ЄMn) +39% 2,630 1,368 1,921 981 FY2021 FY2022 FY2021 FY2022 FY2021 FY2022 Results January - December 2022 - 1st March 2023 2 Presentació de Resultats Presentación de Resultados Results Presentation cellnex 3#52022 key figures and indicators (ii) Key business indicators: solid growth PoPs Total Results January - December 2022 - 1st March 2023 134,813 +9% 147,581 Organic Pops 134,813 +6% 142,950 FY2021 FY2022 FY2021 FY2022 2 Presentació de Resultats Presentación de Resultados Results Presentation cellnex 4#62022 Income statement (ЄMn) FY2022 figures €Mn FY2021 (*) FY2022 Telecom Infrastructure Services 2,214 3,163 Broadcasting Networks 219 224 Other Network Services 103 112 Operating income Operating expenses EBITDA Non-recurring expenses Depreciation & Amortization 2,536 3,499 -615 -868 1,921 2,630 -176 -1,676 -79 -2,321 Operating profit 68 230 Net financial profit -605 -729 Income tax 154 190 Attributable to non-controlling interests 24 16 Net profit -363 -297 (*) Restated Results January - December 2022- 1st March 2023 Factors affecting the net profit: Amortizations +38% vs 2021 Financial costs +20% vs 2021 2 Presentació de Resultats Presentación de Resultados Results Presentation cellnex 5#72022 RLFCF (ЄMn) Adjusted EBITDA % Margin without pass through Net payment of lease liabilities Maintenance capital expenditures Changes in working capital Net payment of interest Income tax payment Net dividends to non-controlling interest Recurring Levered FCF Results January - December 2022 - 1st March 2023 Jan- Dec 2021 2 Presentació de Resultats Presentación de Resultados Results Presentation Jan- Dec 2022 +37% 1,921 2,630 79% 81% -594 -792 -77 -108 0 -17 -183 -258 -87 -89 0 0 +39% 981 1,368 cellnex 6#8Debt matury profile Financial structure as of February 2023 Total available and fully contracted liquidity of c.€4.4Bn 559 280 152 700 (3) 800 500 56 102 850 188 80 61 500 450 750 91 330 60 1000 90 90 1500 1250 1000 1000 1000 750 750 500 65 1250 850 2 563 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2041 EUR Straight Bonds €9.3Bn EUR Conv. Bonds €3.2Bn EUR Priv. Bonds €0.3Bn EUR Bank Debt €3.2Bn GBP Local Bank Debt/Bond (1) €0.4Bn CHF Local Bank Debt/Bonds €1.0Bn USD Bank Debt/Bonds (2) €0.6Bn • Liquidity of c.€4.4Bn: c.€1.1Bn cash and c.€3.3Bn undrawn credit lines • Fixed rate debt c.77% • Gross debt c.€18Bn (Bonds and other instruments) • . Net debt c.€16.9Bn (1) Includes EUR bonds swapped to GBP (2) (3) Includes USD bonds swapped to EUR Refinancing GBP to EUR Results January - December 2022 - 1st March 2023 Flexibility preserved: Cellnex Finance debt without financial covenants, pledges or guarantees Presentació de Resultats Presentación de Resultados Results Presentation cellnex 7#9ESG - Evolution of main ESG targets and KPIs ESG Mater Plan (2021-2025): progress in 2022 2 Presentació de Resultats Presentación de Resultados Results Presentation 100% of progress in actions planning 93% of progress in implementation environmental approach E Growing with a long-term sustainable S Boosting our talent, being diverse and inclusive G Showing what we are, acting with integrity Climate change (1) People Corporate Governance 2022 2022 2025 2025 26% 30% 2022 40% 70% 100% Women in management positions(3) Women directors Sourcing of renewable electricity(2) 77% Reduction of scope 1 and 2 2030 GHG emissions and scope 3 Hires of women(3) -70% GHG emissions from fuel and energy-related activities Reduction of absolute scope 3 GHG emissions from purchased goods and services and capital goods Reduction of the carbon footprint (scope 1, 2 and 3) -9% -48% 27% 2022 2025 45% 50% Non-executive directors 42% 2022 30% Independent directors 2022 25% Directors with ESG capabilities and/or 100% expertise 2025 40% -79% Hires of young talent (3) 2025 -21% 26% 2022 2025 % of appointments of international Directors at 45% 60% HQ 2035 Carbon neutral (1) KPIs reported on an annual basis (Q4). Compared to the base year FY20 verified by an external certified entity. (2) Electricity target (Scope 2) refer to the energy directly managed by Cellnex. Data calculated according to SBT and GHG Protocol methodology applied to the financial perimeter. Intake due to M&A will be included not longer than 3 years after the integration's year according to FY20 perimeter. Results January - December 2022- 1st March 2023 % of appointment of 2022 20% international employees at HQ Employee engagement Different nationalities 25% 2022 2025 ≥75% ≥80% in the BoD 66% (3) According to FY20 perimeter, excluding Edzcom. Intake due to M&A will be included after 3 years after the integration's year. O Target 55% 2022 90% 91% 2022 60% 73% 100% 2022 5 2022 Q4 status#102022 ESG ratings performance 2 Presentació de Resultats Presentación de Resultados Results Presentation S&P Dow Jones Indices A Division of S&P Global MSCI Max: 100 FTSE Russell FTSE4Good Max: AAA 100 73 Min: 0 81 AAA- Min: CCC Max: 5 Min: 0 5 4,4 4,2 4,4 4,3 80 66 3,6 3,8 57 60 AA A A 4 53 I A 60 BBB +11% 3 T BBB BB BB L +20% 40 2 +53% BB 20 B 1 CCC 0 0 2017 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 2017 2018 2019 2020 2021 2022 CDP DISCLOSURE NIGHT ACTION Max: A Min: D- A A A A 0 B B A- B- AABB CUDD SUSTAINALYTICS Max: 0 Min: +40 14 10 15,5 21 19,6 24,9 20 30 40 40 2017 2018 2019 2020 2021 2022 Data as of 28/02/2023 Results January - December 2022 - 1st March 2023 +44% 2018 2019 2020 2021 2022 cellnex 9#11Additional information available on the Press Room as well as Investor Relations www.cellnex.com FY 2022 Results ☑ PDF Backup Excel File https://www.cellnex.com/investor-relations/financial-information/#shareholders-investors-quarterly-results FY 2022 Integrated Annual Report https://www.cellnextelecom.com/en/investor-relations/annual-reports/ PDF FY 2022 Consolidated Annual Financial Statements https://www.cellnextelecom.com/en/investor-relations/annual-reports/ Cellnex is part of the ESG indices: Bloomberg SUSTAINALYTICS MSCI Gender Equality 2023 standard ethics FTSE4Good CDP DRIVING SUSTAINABLE ECONOMIES