Investor Presentaiton
HIGHLIGHTS
FINANCIAL RESULTS
Q3 2023: Financial overview
helios
towers
YOY
QoQ
In US$m, unless
otherwise stated
Sites (#)
YTD
YTD
% change
Q3 23
Q2 23
% change
Q3 23
Q3 22
14,024
10,872
+29%
14,024
13,870
+1%
Tenancies (#)
26,624
20,913
+27%
26,624
25,883
+3%
Tenancy ratio (x)
1.90x
1.92x
-0.02x
1.90x
1.87x
+0.03x
Revenue
534
409
+31%
184
179
+2%
Adj. EBITDA(1)
269
207
+30%
95
89
+7%
Adj. EBITDA margin (%)
50%
51%
-1%
52%
50%
+2%
Operating profit
113
83
63
+79%
43
Portfolio free cash flow (2)
197
145
+36%
73
35
36
+19%
67
+9%
Cash generated from operations
240
162
+48%
92
111
-17%
Capex
149
214
-31%
56
45
+24%
Net debt(3)
1,730
1,148
+51%
1,730
1,715
+1%
Net leverage (x)(4)
4.5x
4.1x
+0.4x
4.5x
4.8x
-0.3x
(1)
Adjusted EBITDA is defined by management as loss before tax for the year, adjusted for finance costs, other gains and losses,
interest receivable, loss on disposal of property, plant and equipment, amortisation of intangible assets, depreciation and
impairments of property, plant and equipment, depreciation of right-of-use assets, deal costs for aborted acquisitions, deal costs
not capitalised, share-based payments and long-term incentive plan charges, and other adjusting items. Adjusting items are
material items that are considered one-off by management by virtue of their size and/or incidence.
(2)
Portfolio free cash flow is defined as Adj. EBITDA less maintenance and corporate capital additions, payments of lease liabilities
(including interest and principal repayments of lease liabilities) and tax paid.
(3)
Net debt means gross debt less cash and cash equivalents.
Helios Towers Q3 2023 Results
10
(4)
Calculated as net debt divided by annualised Adj. EBITDA.View entire presentation