Helios Towers FY 2023 Results

GROUP ROIC REFLECTS MIX OF ESTABLISHED VS. NEW MARKETS Established markets yielding 18% ROIC (and growing) with new markets, entered into across 2021-22, expected to deliver comparable returns as tenancy ratio expands Established markets (Tanzania, DRC, Congo B, Ghana, South Africa) 2.7% Tenancy ratio: Entry ROIC" 1.2x 14 Helios Towers FY 2023 Results +1.5ppt p.a. 17.6% (2) FY 23 2.3x Notes: 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. New markets (Oman, Malawi, Madagascar, Senegal) (1) (2) 7.4% 6.0% Entry ROIC(¹) 1.2x FY 23(2) 1.3x Entry ROIC reflects the combined business case expectations for each of the established/ new markets in the first full year of ownership. FY 23 ROIC figures are the sum of established/ new markets' annualised portfolio free cash flows, divided by sum of established/ new markets' invested capital. Analysis excludes corporate costs and invested capital. helios Ptower's

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