Crown Castle Inc. · NYSE:CCI
Crown Castle — Q1 2023 Earnings Presentation
8 slides from Crown Castle's earnings presentation, Apr 20, 2023
Slide 1: First Quarter 2023 Earnings Conference Call
April 20, 2023 First Quarter 2023 Earnings Conference Call The pathway to possible. PAGE 1 First Quarter 2023 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: Key Highlights
Key Highlights First quarter 2023 results were in line with expectations as strong operating trends continue Asset Overview from 5G development across the U.S. >40K Full year 2023 Outlook remains unchanged with Towers highlights for the year including anticipated: • 5% organic revenue growth fro
Slide 4: Mobile Data Growth Requires Significant Network Investment, Driving Demand for Towers and Small Cells
Mobile Data Growth Requires Significant Network Investment, Driving Demand for Towers and Small Cells 5G ~$270bn through 2023 US Mobile Data Demand (1) (measured in exabytes) Cumulative US Wireless Investment 4G ~$325bn $81 Spectrum Acquisitions(2) $23 Annual US $41 Wireless Projected $19 Investment
Slide 5: Q1 2023 Results
Q1 2023 Results ($ in millions) Site Rental Revenues Adjusted EBITDA AFFO $1,624 $1,576 $1,095 $1,104 $812 $828 ↑ $48 / 3% ↑ $9 / 1% ↑ $16 / 2% Organic Contribution(1) 6% Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Results Results Results Results Results Results 1. Organic Contribution to Site R
Slide 6: Full Year 2023 Outlook Remains Unchanged
Full Year 2023 Outlook Remains Unchanged ($ in millions) Site Rental Revenues Adjusted EBITDA AFFO $6,488 to $6,533 $6,289 $4,449 to $4,340 $4,494 $3,296 to $3,200 $3,341 ↑ 4% YoY ↑ 3% YoY ↑ 4% YoY (1) (1) (1) Growth Growth Growth 2022 Current 2022 Current 2022 Current Actuals 2023 Actuals 2023 Actu
Slide 7: 2023 Outlook for Organic Contribution to Site Rental Billings and Growth in Site Rental Revenues
2023 Outlook for Organic Contribution to Site Rental Billings and Growth in Site Rental Revenues ($ in millions) Impact of Sprint Cancellations(1) $90-$100 ($180)-($160) $160-$170 ($30) ($210)-($190) $340-$380 ($145)-($125) $215-$260 $5-$15 $285-$315 Core Leasing Plus: Payments Plus: Less: Organic C
Slide 8: 2023 Outlook for AFFO Growth
2023 Outlook for AFFO Growth ($ in millions) $400 $340-$380 $350 $300 ($120)-($90) ($15)-$15 $250 $200 ($160)-($120) $150 $5-$15 $100-$145 $100 $50 $0 Organic Increase in Change in Services Change in Cash Other (1) 2023E Contribution to Site Expenses Contribution Interest Expense AFFO Growth Rental