Helios Towers FY 2023 Results
CAPITAL ALLOCATION PRIORITIES
Capital allocation policy focused on growing portfolio free cash flow while consistently delivering ROIC
above our cost of capital
Current priorities:
1
Optimised organic
investments
2
Deleveraging
3
Investor distributions
4
Opportunistic M&A
Capital efficient investments accretive to ROIC - colocations,
operational efficiencies and highly selective BTS
<4.0x in 2024, trending to c.3.0x by 2026
Free cash flow inflection in FY 24(1), with future growth
supporting capacity for potential distributions from 2026
Strict criteria that includes robust growth and a sufficient surplus
to WACC
10
Helios Towers FY 2023 Results
(1) Excluding potential second acquisition closing in Oman, previously announced on 8 December 2022.
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