Investor Presentaiton
2022 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
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Presentació de Resultats
Presentación de Resultados
Results Presentation
cellnex
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