Investor Presentaiton
GLOSSARY OF TERMS
IHS
Towers of strength
EBITDA, EBITDA margin and other non-IFRS financial measures are used by Group management to monitor the underlying performance of the business and the operations.
EBITDA, EBITDA margin and other non-IFRS financial measures are used by different companies for differing purposes and are often calculated in ways that reflect the
circumstances of those companies. You should exercise caution in comparing EBITDA, EBITDA margin and other non-IFRS financial measures as reported by us to EBITDA,
EBITDA margin and other non-IFRS financial measures as reported by other companies. EBITDA, EBITDA margin and the other non-IFRS financial measures described in this
document are unaudited and have not been prepared in accordance with IFRS or any other generally accepted accounting principles. In addition, the presentation of these
measures is not intended to and does not comply with the reporting requirements of any regulatory authority and will not be subject to review by aby regulatory authority;
compliance with such requirements may require us to make changes to the presentation of this information.
Capital expenditure ("Capex"): Any expenditure which would be treated as capital expenditure in the financial statements in accordance with applicable accounting principles
including advance payments for capital expenditure and excluding any non-cash expenditure.
EBITDA: Profit or loss for the period excluding the impact of finance income, finance cost, fair value through profit or loss, depreciation and amortisation, and provision for or
benefit from taxes, less other income, plus other expenditures that are sufficiently large and unusual as to distort comparisons from one period to the next. EBITDA is an indicator
of the financial performance of our core business. EBITDA is a component of the calculation that has been used by our lenders to determine compliance with certain covenants
under our debt facilities. EBITDA is not intended to be an alternative measure of operating income or gross profit margin as determined in accordance with IFRS.
EBITDA margin: EBITDA margin as EBITDA divided by revenue, expressed as a percentage.
Group: IHS Netherlands Holdco B.V. and each of its direct and indirect subsidiaries.
Gross debt: Borrowings as stated on the balance sheet less related party loans and finance leases.
L2QA EBITDA: EBITDA for the last two quarters on an annualised basis.
LUR (lease-up-rate): Number of a certain type of tenancy (PoP Tenancy or Technology Tenancy) per tower that we own across our portfolio at a point in time.
PoP Tenants (Point of Presence): Number of distinct customers who have leased space on each tower that we own across our portfolio. For example, if one customer had
leased tower space on five of our towers, we would have five PoP Tenants.
POP LUR: Number of PoP Tenants per tower owned across our portfolio at a point in time. We calculate the PoP tenancy ratio by dividing the total number of PoP Tenants
across our portfolio by the total number of owned live towers in our portfolio at a given time.
Technology Tenants: Number of distinct technologies deployed on each tower that we own across our portfolio by a customer that is an existing PoP Tenant. For example, if an
existing PoP Tenant deployed an additional technology such as 3G or 4G/LTE technology at the same site, that tower would have one PoP Tenant and one Technology Tenant.
Technology LUR: Number of total Technology Tenants per tower that we own (managed towers are excluded for purposes of LUR presentation) across our portfolio at a point in
time. We calculate the Technology LUR by dividing the total number of PoP Tenants and Technology Tenants across our portfolio by the total number of owned live towers in our
portfolio at a given time.
Q2 2017 Results
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