Business
Half-year Report
Half-year Report.
About this update from Helios Towers Plc
[{"type":"text","content":"\n\n\n \nUnaudited results for the six months ended 30 June 2024\n \nRecord year-to-date tenancy additions\n \n+19% year-on-year Adjusted EBITDA growth\n \n2024 guidance tightened upwards\n \nLondon, 8 August 2024: Helios Towers plc (\"Helios Towers\",\"the Group\" or \"the Company\"), the independent telecommunications infrastructure company, today announces results for the six months to 30 June 2024.\n \n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\nH1 2024\n\n\nH1 2023\n\n\nYoY\n\n\nQ2 2024\n\n\nQ1 2024\n\n\nQoQ\n\n\n \n\n\n\n\nSites\n\n\n14,185\n\n\n13,870\n\n\n+2%\n\n\n14,185\n\n\n14,166\n\n\n+0%\n\n\n \n\n\n\n\nTenancies\n\n\n28,574\n\n\n25,883\n\n\n+10%\n\n\n28,574\n\n\n27,686\n\n\n+3%\n\n\n \n\n\n\n\nTenancy ratio\n\n\n2.01x\n\n\n1.87x\n\n\n+0.14x\n\n\n2.01x\n\n\n1.95x\n\n\n+0.06x\n\n\n \n\n\n\n\nRevenue (US$m)\n\n\n389.9\n\n\n350.2\n\n\n+11%\n\n\n195.3\n\n\n194.6\n\n\n+0%\n\n\n \n\n\n\n\nAdjusted EBITDA (US$m)1\n\n\n206.2\n\n\n173.8\n\n\n+19%\n\n\n104.0\n\n\n102.2\n\n\n+2%\n\n\n \n\n\n\n\nAdjusted EBITDA margin1\n\n\n53%\n\n\n50%\n\n\n+3ppt\n\n\n53%\n\n\n53%\n\n\n-\n\n\n \n\n\n\n\nOperating profit (US$m)\n\n\n132.3\n\n\n69.3\n\n\n+91%\n\n\n65.0\n\n\n67.3\n\n\n-3%\n\n\n \n\n\n\n\nPortfolio free cash flow (US$m)1\n\n\n142.0\n\n\n124.5\n\n\n+14%\n\n\n72.1\n\n\n69.9\n\n\n+3%\n\n\n \n\n\n\n\nCash generated from operations (US$m)\n\n\n175.7\n\n\n147.6\n\n\n+19%\n\n\n119.9\n\n\n55.8\n\n\n+115%\n\n\n \n\n\n\n\nNet debt (US$m)1\n\n\n1,758.9\n\n\n1,714.9\n\n\n+3%\n\n\n1,758.9\n\n\n1,812.1\n\n\n-3%\n\n\n \n\n\n\n\nNet leverage1,2\n\n\n4.2x\n\n\n4.8x\n\n\n-0.6x\n\n\n4.2x\n\n\n4.4x\n\n\n-0.2x\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n1 Alternative Performance Measures are described in our defined terms and conventions.\n2 Calculated as per the Senior Notes definition of net debt divided by annualised Adjusted EBITDA.\n \nTom Greenwood, Chief Executive Officer, said:\n \n\"I am delighted to see our strong performance continue across our business, with our team delivering record year-to-date tenancy additions and power uptime for our customers - all leading to strong Adjusted EBITDA growth, cash generation, returns expansion, and continued deleveraging. Accordingly, we have tightened our full-year guidance upwards across a num...