Helios Towers FY 2023 Results
CAPEX IS TIGHTLY CONTROLLED AND FOCUSED
ON OPPORTUNITIES THAT ENHANCE ROIC
Capex breakdown ($m)
FY 22
FY 23
FY 24
Guidance
FY 23
Acquisitions
Growth
557
20
171
113
Upgrade
16
35
Discretionary(1)
745
168
105 - 145
Non-discretionary
20
36
c.45
(Cost per site per year)
($2k)
($3k)
($3k)
Total capex(1)
765
203
150-190
(1)
21 Helios Towers FY 2023 Results
(2)
Values may not sum up due to rounding.
Prior company medium-term guidance provided at Capital Markets Day on 5 May 2022.
FY 23 capex of $203m, in line with
expectations
FY 24 guidance
Capex guidance of $150m - $190m,
reflecting higher mix of colocations
vs. sites compared to prior medium-
term guidance(2)
Non-discretionary capex of c.$45m
Discretionary capex is tightly
controlled and only approved if
returns achieve thresholds
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