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Investor Presentaiton

Adjusted EBITDA Adjusted EBITDA Margin In US$M Q4 ADJUSTED EBITDA 56.9% FY ADJUSTED EBITDA 52.9% Adjusted EBITDA Margin 57.5% 135.8 127.9 Q4'18 Q4'19 In US$M Financials are unaudited condensed combined financials for IHS Netherlands Holdco B.V. and its subsidiaries. Q4 FY 2019 Unaudited Results 60.7% ☐ 561.8 490.6 FY '18 FY'19 IHS Towers of strength $562M FY 2019 Adjusted EBITDA Including IFRS 16 FY 2019 Adjusted EBITDA margin expansion VPY driven by the adoption of IFRS 16 ■ Q4 2019 and FY 2019 IFRS 16 impact $8.0M and $28.9M respectively ■ Q4 2019 Adjusted EBITDA and margin rate VPY impacted by application of certain contractual terms in Q4'18 8
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