Helios Towers FY 2023 Results
PROVEN TRACK RECORD OF TENANCY RATIO EXPANSION AND DRIVING ROIC
Tenancy ratio by vintage
Average tenancy ratio expansion per annum:
BTS
0.2x
Acquired
0.1x
Highly attractive returns
Illustrative incremental site ROIC for BTS(1):
0.3x
0.5x
Minimal incremental opex
ā Minimal incremental capex
0.1x
0.1x
ā Incremental tenant margin: c.80%
2.4x
2.2x
2.2x
2.0x
1.5x
1.3x
12%
FY 10-15
BTS
FY 16-20
Acquired
FY 21-23
13 Helios Towers FY 2023 Results
(1)
25%
34%
1 tenant
2 tenants
3 tenants
For illustrative purposes only, and based on estimated pricing and costs for newly constructed BTS, weighted by Company estimated rollout. Site ROIC calculated as site Adjusted gross profit minus ground lease payments and non-
discretionary capital expenditure divided by discretionary capital expenditure.
helios Ptower'sView entire presentation