Helios Towers FY 2023 Results
POSITIVE PROGRESS ACROSS KEY METRICS - STRONG GROWTH AND ROIC
EXPANSION, WITH DECREASING LEVERAGE YOY
US$m
Sites
Tenancies
Adjusted EBITDA
Portfolio free cash flow
2019
2020
2021
2022
2023
CAGR
(2019-23)
6,974
7,356
9,560
13,553
14,097
+19%
14,591
15,656
18,776
24,492
26,925
+17%
205.2
226.6
240.6
282.8
369.9
+16%
168.9
174.4
168.3
201.4
268.2
+12%
Levered portfolio free cash flow
56.0
59.6
63.4
17.2
93.2
+14%
Return on invested capital(1)
14.4%
14.5%
11.8%
10.3%
12.0%
(2%)
Net leverage
2.9x
2.9x
3.6x
5.1x
4.4x
+1.5x
(1)
30
Helios Towers FY 2023 Results
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.
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