Helios Towers FY 2023 Results
FINANCIAL HIGHLIGHTS
YOY
QoQ
In US$m, unless otherwise stated
FY 2023
FY 2022
% change
Q4 2023
Q3 2023
% change
Sites (#)
14,097
13,553
+4%
14,097
14,024
+1%
Tenancies (#)
26,925
24,492
+10%
26,925
26,624
+1%
Tenancy ratio (x)
1.91x
1.81x
+0.10x
1.91x
1.90x
+0.01x
Revenue
721
561
+29%
187
184
+2%
Adj. EBITDA (1)
370
283
+31%
101
95
+6%
Adj. EBITDA margin (%)
51%
50%
+1ppt
54%
52%
+2%
Operating profit
146
80
+82%
34
43
-23%
Portfolio free cash flow
268
201
+33%
71
73
-2%
Cash generated from operations
319
193
+65%
79
92
-14%
Capex
203
765
-73%
54
56
-3%
Net debt (2)
1,783
1,678
+6%
1,783
1,730
+3%
Net leverage (x)(3)
4.4x
5.1x
-0.7x
4.4x
4.5x
-0.1x
(1)
16 Helios Towers FY 2023 Results
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)
Net debt means gross debt less cash and cash equivalents.
(3)
Calculated as net debt divided by annualised Adj. EBITDA.
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