Crown Castle Inc. · NYSE:CCI
Crown Castle — Q3 2019 Earnings Presentation
7 slides from Crown Castle's earnings presentation, Oct 17, 2019
Slide 1: Third Quarter 2019 Earnings Conference Call
CROWN ww CASTLE October 17, 2019 Third Quarter 2019 Earnings Conference Call The pathway to possible.
Slide 2: Cautionary Language
Cautionary Language This presentation contains forward-looking statements and information that are based on management's current expectations. Such statements include our Outlook and plans, projections, and estimates regarding (1) potential benefits, growth, returns, opportunities and tenant and sha
Slide 3: Executive Summary
Executive Summary v Delivered another quarter of solid financial results, reflecting the significant demand we are seeing for our shared infrastructure assets Increased annualized common stock dividend by approximately 7% from $4.50 to $4.80 per share Issued full year 2020 Outlook reflecting approxi
Slide 4: Q3 2019 Results
Q3 2019 Results ($ in millions) Site Rental Revenues $1,260 $1,184 4 $76 / 6% Q3 2018 Q3 2019 Results Results CROWN > CASTLE Adjusted EBITDA $793 + $89 / 11% Q3 2018 Results $882 Q3 2019 Results AFFO $646 $579 ® $67 / 12% Q3 2018 Q3 2019 Results Results PAGE 4 Third Quarter 2019 Earnings Conference
Slide 5: Full Year 2019 and 2020 Outlook
Full Year 2019 and 2020 Outlook ($ in millions) Site Rental Revenues $5,196 $4,980 to $4,980 $5,241 Unchanged“ Current 2019 Current 2020 Adjusted EBITDA Unchanged“ Current 2019 $3,569 to $3,614 Current 2020 AFFO $2,662 $2,404 to $2,494 $2,707 Unchanged“ Current 2019 Current 2020 Outlook Outlook Outl
Slide 6: 2020 Outlook for Site Rental Revenue Growth
2020 Outlook for Site Rental Revenue Growth ($ in millions) $90-$100 $365-$395 $265-$305 ($195)-($175) P| $220-$265 ($50)-($30) New Leasing Plus: Less: Organic Contribution Change in Growth in Activity Escalator Non-Renewal to Site Rental Revenues Straight-Line Site Rental Adjustment Revenues FY 201
Slide 7: 2020 Outlook for AFFO Growth
2020 Outlook for AFFO Growth ($ in millions) $265-$305 $0-$30 $185-$230 | ($10)-$20 ($105)-($75) Organic Increase in Change in Services Other 2020E Contribution to Site Expenses Contribution AFFO Growth Rental Revenues FY 2019 Outlook® $245-$275 ($100)-($70) $90-$110 ($80)-($60) $190-$220 Note: Comp