Slide 1: Fourth Quarter 2024 Earnings Conference Call
March 13, 2025 Fourth Quarter 2024 Earnings Conference Call The pathway to possible. PAGE 1 Fourth Quarter 2024 Earnings Conference Call
Slide 2: Cautionary Language
Cautionary Language This presentation contains forward-looking statements and information (“Forward-Looking Statements”) that are based on our management's current expectations. Statements that are not historical facts are hereby identified as Forward-Looking Statements. In addition, words such as "
Slide 3: Successfully Concludes Strategic Review with Agreement to Sell Small Cells and Fiber Solutions
Successfully Concludes Strategic Review with Agreement to Sell Small Cells and Fiber Solutions for $8.5 Billion Positions Crown Castle to Maximize Shareholder Value as Only Public Pure-Play U.S. Tower Company Conclusion of Strategic Review Key Benefits to Crown Castle Shareholders Signed definitiv
Slide 4: Persistent Mobile Data Demand Growth Has Required Consistent Wireless Investment
Persistent Mobile Data Demand Growth Has Required Consistent Wireless Investment, Driving Attractive Incremental Returns Across Crown Castle’s US Tower Portfolio Cumulative US Wireless Capex(1) US Mobile Data Demand (exabytes)(2) Q4 LQA Towers Cash Yield(3) >15% ’24-’30 CAGR(2) 13.4% 13.0% 12.2% 11.
Slide 5: Crown Castle's Strategic Priorities
Crown Castle’s Strategic Priorities Enhance the value proposition we offer our customers Customer through predictability, speed and ease of service to Service maximize market share. Leverage technology and enhance automation to make Operational more informed commercial and operational decisions and
Slide 6: Disciplined Capital Allocation Framework Prioritizing Return of Capital to Shareholders
Disciplined Capital Allocation Framework Prioritizing Return of Capital to Shareholders Target: 75%-80% of AFFO less amortization of prepaid rent; expected 11 Return capital to shareholders via quarterly dividend dividend growth in line with growth in AFFO excluding amortization of prepaid rent(1) T
Slide 7: 2025 Outlook for AFFO to Estimated Annual AFFO at Anticipated Time of Transaction Close
2025 Outlook for AFFO to Estimated Annual AFFO at Anticipated Time of Transaction Close $250 - $370 $2,265 - $2,415 $210 - $260 Annual $4.25 Dividend per Share results in approximately $1,770 - $1,820 75% to 80% payout of annual AFFO excluding amortization of prepaid rent(3,4) 2025 Outlook Reduction