Towers of Strength Q2 2019 Results

Results Snapshot Q2'18 Q2'19 VPY Jun '18 YTD Jun '19 YTD VPY In US$M, unless stated Towers (#) 6,107 6,621 8.4% 6,107 6,621 8.4% Tenants (#) 9,408 10,383 10.4% 9,408 10,383 10.4% Colocation rate 1.54x 1.57x 1.8% 1.54x 1.57x 1.8% Revenue 89.8 106.5 18.6% 175.1 210.6 20.3% EBITDA (1) 55.3 74.7 35.2% 107.4 145.0 35.0% EBITDA margin (1) 61.6% 70.2% 860 Bps 61.3% 68.8% 750 Bps Capex 32.9 32.4 (1.5%) 49.1 40.4 (17.8%) Consolidated Leverage 920.1 900.5 (2.1%) 920.1 900.5 Consolidated Leverage Ratio 4.3x 3.2x (25.0%) 4.3x 3.2x (2.1%) (25.0%) Average FX(2) 360.8 360.6 0.1% 360.6 361.3 (0.2%) Note: Operational KPIs are combined KPIs for IHS Nigeria Limited and IHS Towers NG Limited. Financials are unaudited consolidated financials for IHS Netherlands Holdco B.V. and its subsidiaries. (1) Q2 June YTD 2019 results include impact of IFRS 16 adoption VPY change is calculated as the devaluation in the NGN rate between the periods. (2) Q2 June YTD 2019 Unaudited Results IHS Towers of strength 5

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