China Tower Corp. Ltd. Class H · HKEX:788
China Tower Corp. Ltd. Class H — China Tower Corp Ltd H — FY2024 Earnings Presentation
34 slides from China Tower Corp. Ltd. Class H's earnings presentation, Mar 17, 2025
Slide 1: 2024 Annual Results
2024 Annual Results 17 March 2025
Slide 2: Management
Management Mr. Zhang Zhiyong Executive Director and Chairman Mr. Chen Li Executive Director and General Manager Mr. Hu Shaofeng Chief Accountant
Slide 3: Content
Content 01 02 Operational 03 Financial Overall Performance Performance Performance
Slide 4: Overall Performance
Overall 01 Performance Zhang Zhiyong Executive Director and Chairman
Slide 5: Highlights
Highlights Sound overall operational performance, 01 with net profit* increasing by 10.0% 02 Sustained revenue growth supported by multiple pillars, revenue contribution from the Two Wings business increased to 13.7% Deepened digital-intelligence governance, upgraded 230,000 03 telecommunication tow
Slide 6: Key Indicators
Key Indicators RMB97,772 million RMB66,559 million RMB49,468 million Operating Revenue EBITDA* Operating Cash Flow 4.0% 4.7% 50.6% RMB10,729 million 3.791 million 1.81 tenants/site Profit Attributable to owners of the Company Number of Tenants Tower Tenancy Ratio 10.0% 3.6% 1.1% Note: EBITDA is calc
Slide 7: Deepened Implementation of "One Core and Two Wings" Strategy
Deepened Implementation of "One Core and Two Wings" Strategy Two Wings business revenue (RMB million) Operating revenue 13,388 (RMB million) 11,497 16.4% 4.0% 97,772 94,009 2023 2024 Revenue structure 0.4% 0.3% 12.2% 13.7% 87.4% 86.0% 2023 2024 2023 2024 Note: Other income mainly refers to revenue f
Slide 8: TSP Business Developed Steadily
TSP Business Developed Steadily TSP business revenue Cumulative number of 5G base (RMB million) stations built* • Construction of 5G base station: (thousand) 2,759 412,000 5G base stations were built in 2.4% 2,347 2024, bringing the total number of 5G base stations to 2 .759 million. 84,119 1,761 82
Slide 9: Smart Tower Business Achieved Rapid Growth
Smart Tower Business Achieved Rapid Growth Focused on key industries • Gave full play to the advantages of core capabilities, deepened strategic cooperation with key Smart Tower business revenue customers, and maintained a leading position in incremental market shares in key scenarios such as disast
Slide 10: Energy Business Gathered Momentum
Energy Business Gathered Momentum Fo cus on Ke y Ind ust ries Energy business revenue (RMB million) Battery exchange business: Focused on consumer delivery market and accelerated expansion of customer base in corporate to strengthen its market leadership Power backup business: Focused on key industr
Slide 11: Deepened Reforms to Stimulate Corporate Vitality
Deepened Reforms to Stimulate Corporate Vitality Accelerated deployment in strategic emerging industries Continued to deepen the Digital transformation reform of systems and • Accelerated the deployment in fully accelerated mechanisms strategic emerging industries, and continued to increase the • Ac
Slide 12: Enhanced Technological Innovation Capabilities
Enhanced Technological Innovation Capabilities High-quality technological support Efficient commercialization of research outcomes Attained a series of iconic achievements in New breakthroughs in the commercialization of research outcomes scientific and technological research Green and AI low-carbon
Slide 13: Attached Great Importance on Rewarding Shareholders
Attached Great Importance on Rewarding Shareholders The board of directors recommended payment of a final dividend of RMB0.30796 (before tax), a full-year dividend RMB0.41696*2 (before tax) per share for 2024 Basic earnings per share Full-year dividend per share (RMB) (RMB) Dividend 0.6138 payout ra
Slide 14: Continued to Deepen ESG Concepts
Continued to Deepen ESG Concepts Promoted green transformation Enhanced social welfare Built solid foundation for and development • Emergency rescue and disaster prevention: integrity and governance • “co-share and co-build” policy, and promoted Carried out emergency rescue work for extreme • Clear
Slide 15: Strategic Focus Drove the Company's High-quality Development
Strategic Focus Drove the Company’s High-quality Development C on s tr uc ti o n of d i gi t a l i nf r a s tr uc tu r e c o nt i nue d t o a c c e l e r a t e TSP business The“sailing”project accelerated the large-scale application of 5G and Capitalized on unique resources and capabilities, adhered
Slide 16: Operational Performance
Operational 02 Performance Chen Li Executive Director and General Manager
Slide 17: Key Operational Indicators
Key Operational Indicators Indicator 2023 2024 Change Operating revenue (RMB million) 94,009 97,772 4.0% TSP Business 82,163 84,119 2.4% Smart Tower Business 7,283 8,911 22.4% Energy Business 4,214 4,477 6.2% Number of Tower Tenants (thousand) 3,658 3,791 3.6% TSP Tenants 3,424 3,544 3.5% Smart Towe
Slide 18: Steady Revenue Growth Driven by Multiple Pillars
Steady Revenue Growth Driven by Multiple Pillars RMB million 0.7pp 1.4pp 1.7pp 0.3pp -0.1pp +4.0% 263 97,772 1,628 666 1,290 94,009 -84 TSP business Two Wings business 52.0% 50.3% 2023 Tower DAS Smart Tower Energy Others 2024 business business business business Contribution to revenue growth: 17.7%
Slide 19: Tower Business Maintained Steady Development
Tower Business Maintained Steady Development Revenue from Tower Business Improved mechanisms and processes to fully (RMB million) address customer demands Strengthened the collaboration mechanism with customers, 75,023 0.9% 75,689 comprehensively and accurately grasped key information on demand, and
Slide 20: DAS Business Showed Sound Growth Momentum
DAS Business Showed Sound Growth Momentum Revenue from DAS business (RMB million) 8,430 Strengthened product innovation capabilities 18.1% Strengthened resource Promoted new solutions and Rolled out special projects 7,140 coordination capabilities new products such as “active+passive” combined Focus
Slide 21: Focused on Key Segments and Continued to Optimize Smart Tower Business
Focused on Key Segments and Continued to Optimize Smart Tower Business Tower Monitoring Business Revenue Tower Sharing Business Revenue 62% 38% RMB 5,539 million 17.2% Experience and RMB 3,372 million 31.9% lessons Revenue contribution to Smart Tower business Took advantage of mid-to-high point site
Slide 22: Enhanced Capabilities to Strengthen Development Momentum of Smart Tower
Enhanced Capabilities to Strengthen Development Momentum of Smart Tower 4 5 2 3 Innovation capability 1 Platform capability Algorithm capability • Product capability Continued to enrich product capabilities for key industries • Service capability Strengthened the R&D capability of localized technica
Slide 23: Deepened Operations to Maintain a Leading Position in the Battery Exchange Business
Deepened Operations to Maintain a Leading Position in the Battery Exchange Business Revenue from Rapid business development and stronger ecological cooperation battery exchange business Battery Cities (RMB million) exchange users deployed 1.304 million 300+ ··· 系列 1 2,500 20.9% 2,067 Product iterati
Slide 24: Leveraged Advantages to Maintain Steady Development of Power Backup Business
Leveraged Advantages to Maintain Steady Development of Power Backup Business Revenue from Focused on key industries and created typical applications power backup business (RMB million) 1,735 v v v v v -4.6%* 1,656 v v ··· Telecommunications Healthcare Finance Transportation Education Petrochemical G
Slide 25: Financial Performance
Financial 03 Performance Hu Shaofeng Chief Accountant
Slide 26: Key Financial Indicators
Key Financial Indicators (RMB million) 2023 2024 Change Operating revenue 94,009 97,772 4.0% Operating costs 79,507 81,442 2.4% Operating profit 14,502 16,330 12.6% EBITDA 63,551 66,559 4.7% Net profit 9,750 10,729 10.0% Operating cash flow 32,840 49,468 50.6% Free cash flow 1,125 17,527 1458.0% Gea
Slide 27: Sound Cost Control
Sound Cost Control (RMB million) 2023 2024 Change Description of main factors Operating expenses 79,507 81,442 2.4% Aligned with business development and capability building needs to Depreciation and amortization 49,049 50,229 2.4% efficiently manage and control investment, and continuously strength
Slide 28: Profitability Continued to Improve
Profitability Continued to Improve Operating profit and EBITDA & EBITDA margin Net profit & Net profit margin operating profit margin (RMB million) (RMB million) (RMB million) 66,559 10,730 4.7% 10.1% 16,330 63,551 12.6% 9,750 14,502 10.4 15.4% 16.7% 67.6% 68.1% 10.4 10.4% 11.0% % % 2023 2024 2023 2
Slide 29: Effective Allocation of CAPEX
Effective Allocation of CAPEX CAPEX Effectively allocated CAPEX by adhering to (RMB million) a "total CAPEX + project” investment management model 31,715 31,941 1,656 0.7% 2,348 Ensured close coordination with the operators’ network construction plan, strived to fully obtain new construction 4,476 d
Slide 30: Significant Improvement in Cash Flow
Significant Improvement in Cash Flow Operating cash flow Free cash flow (RMB million) (RMB million) 49,468 16,628 million 16,402 million 32,840 17,527 1,125 2023 2024 2023 2024 30
Slide 31: Capital Structure Remained Stable and Healthy
Capital Structure Remained Stable and Healthy Liabilities to assets ratio As at As at RMB million 31 December 31 December 39.9% 39.4% 0.5PP 2023 2024 Total assets 326,007 332,834 Cash and cash equivalents 3,955 2,598 2023.12.31 2024.12.31 Total liabilities 128,313 132,855 Gearing ratio 0.4PP 31.4% 3
Slide 32: Contact us
Contact us Tel: +852 28114566 / Email: ir@chinatowercom.cn www.china-tower.com
Slide 33: Appendix: Extracted from Audited Consolidated Statement of Financial Position
Appendix: Extracted from Audited Consolidated Statement of Financial Position as at 31 December 2024 （RMB million） 2023.12.31 2024.12.31 Total assets 326,007 332,834 Current assets 78,083 91,360 Non-current assets 247,924 241,474 Property, plant and equipment 201,542 192,770 Construction in progress
Slide 34: Disclaimer
Disclaimer B y a t t e n d i n g t h e m e e t in g w h e r e t h is p r e s e n t a t i o n i s m a d e , o r b y r e a d in g T h e i n f o r m a t i o n c o mm u n ic a t e d i n t h is p r e s e n t a t i o n m a y c o n t a i n c e r t a i n th e pres ent ati on m ate ri al s, yo u agre e to be
China Tower Corp Ltd H — FY2024 Earnings Presentation on 6ix