Helios Towers FY 2023 Results
1
HIGHLIGHTS
FY 23: Record
organic tenancy
growth
+2,433 YoY organic tenancy
additions
+0.10x YoY tenancy ratio
expansion to 1.91x
5
Helios Towers FY 2023 Results
(1)
2
3
4
•
•
FY 23: Financial
performance ahead
of expectations
+29% YoY revenue growth
+31% YoY Adj. EBITDA growth
(+17% organic)
•
•
+33% YoY PFCF growth
+2ppt ROIC expansion to 12% (1)
FY 23:
Strengthened
financial position
-0.7x YoY decrease in net
leverage, to 4.4x
Opportunistically tendered
$325m of our Dec-25 Bonds,
extending average maturity by
one year with minimal increase
in cost of debt
Growth underpinned by $5.4bn contracted revenue with
an average remaining initial life of 7.8 years
FY 24: Organic
growth, continued
deleveraging and
FCF focus
1,600 2,100 tenancy
additions
•
c.+11% Adj. EBITDA
growth (2)
In line with
prior
medium-
⚫ Net leverage below 4.0x
•
Neutral free cash flow (3)
inflection point in FY 24
term
guidance
Return on invested capital (ROIC) is defined as annualised portfolio free cash flow divided by invested capital. Invested capital is.
defined as gross property, plant and equipment and gross intangible assets, less accumulated maintenance and corporate
capital expenditure, adjusted for IFRS 3 and IAS 29 accounting adjustments and deferred consideration for future sites.
(2)
Based on mid-point of guidance.
(3)
Target excludes potential second acquisition closing in Oman, previously announced on 8 December 2022.
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