Crown Castle Inc. · NYSE:CCI
Crown Castle — Crown Castle International — Q4 2019 Earnings Presentation
18 slides from Crown Castle's earnings presentation, Feb 26, 2020
Slide 1: Supplemental Information Package and Non-GAAP Reconciliations
Supplemental Information Package and Non-GAAP Reconciliations Fourth Quarter • December 31, 2019 The pathway to possible. CrownCastle.com Crown Castle International Corp. Fourth Quarter 2019 TABLE OF CONTENTS Page Company Overview Company Profile Strategy AFFO per Share Tower Portfolio Footprint Cor
Slide 2: Tower Portfolio Footprint
2015 (c) 2016 (c) 2017 (c) 2018 (c) 2019 Midpoint of Full Year 2020 Outlook (d) TOWER PORTFOLIO FOOTPRINT
Slide 3: General Company Information
(a) See reconciliations and definitions provided herein. (b) Attributable to CCIC common stockholders. (c) As restated. (d) Represents the midpoint of Outlook as issued on February 26, 2020 . The only changes to our previously issued 2020 Outlook are a result of the impact of the restatement as desc
Slide 4: Acquired and built Acquired and built
16% Acquired and built Acquired and built 2006 and prior 2007 to present
Slide 5: LQA Cash Site Rental Revenue per Tower
LQA CASH SITE RENTAL REVENUE PER TOWER (b) LQA TOWERS SEGMENT SITE RENTAL GROSS CASH MARGIN PER TOWER (c)
Slide 6: Acquired and built Acquired and built
$108 Acquired and built Acquired and built 20016 and prior 2007 to present
Slide 7: Net Invested Capital per Tower
NET INVESTED CAPITAL PER TOWER (d) NUMBER OF TOWERS
Slide 8: Acquired and built Acquired and built
$574 $573 Acquired and built Acquired and built 2006 and prior 2007 to present
Slide 9: Portfolio Overview
(a) Yield is calculated as LQA Towers segment site rental gross margin, exclusive of straight-line revenues and amortization of prepaid rent, divided by invested capital. (b) Exclusive of straight-line revenues and amortization of prepaid rent. (c) Exclusive of straight-line revenues, amortization o
Slide 10: Acquired and built Acquired and built
Acquired and built Acquired and built 2006 and prior 2007 to present Top Outside Top a 100 BTA a 100 BTA
Slide 11: Acquired and built Acquired and built
20 Acquired and built Acquired and built 2006 and prior 2007 to present Top Outside Top @ copra = opts
Slide 12: Distribution of Tower Tenancy
(a) Excludes small cells, fiber and third-party land interests. (b) Exclusive of straight-line revenues and amortization of prepaid rent. Crown Castle International Corp. Fourth Quarter 2019 COMPANY OVERVIEW FINANCIALS & METRICS ASSET PORTFOLIO OVERVIEW CAPITALIZATION OVERVIEW APPENDIX DISTRIBUTION
Slide 13: Percentage of Towers by Tenants per Tower
3 tenants: 21% “tenants 15% S tenants: % Greater than $tenanis:
Slide 14: Geographic Tower Distribution
Average: 2.6 Average: 2.0 GEOGRAPHIC TOWER DISTRIBUTION (as of December 31, 2019) (a) PERCENTAGE OF TOWERS BY GEOGRAPHIC LOCATION PERCENTAGE OF LQA CASH SITE RENTAL REVENUE BY GEOGRAPHIC LOCATION (b)
Slide 15: Geographic distribution pie chart by state
Slide 16: Ground Interest Overview
(a) Excludes small cells, fiber and third-party land interests. (b) Exclusive of straight-line revenues and amortization of prepaid rent. Crown Castle International Corp. Fourth Quarter 2019 COMPANY OVERVIEW FINANCIALS & METRICS ASSET PORTFOLIO OVERVIEW CAPITALIZATION OVERVIEW APPENDIX GROUND INTERE
Slide 17: Debt Maturity Overview
(as of December 31, 2019 ; dollars in millions)
Slide 18: Liquidity Overview
(a) Where applicable, maturities reflect the Anticipated Repayment Date as defined in the respective debt agreement; excludes finance leases and other obligations; amounts presented at face value, net of repurchases held at CCIC. Crown Castle International Corp. Fourth Quarter 2019 COMPANY OVERVIEW
Crown Castle International — Q4 2019 Earnings Presentation on 6ix