Eurotelesites Ag · VIE:ETS
Eurotelesites — Investor Presentation (October 2025)
17 slides from Eurotelesites's investor presentation, October 2025
Slide 1: Introduction of EuroTeleSites
Introduction of EuroTeleSites “Building Europe’s Digital Infrastructure”
Slide 2: An Attractive Infrastructure Investment Opportunity
An Attractive Infrastructure Investment Opportunity Leading mobile infrastructure host: #1 13,739 prime locations in Austria und five CEE countries. #2 Robust, inflation-linked revenue streams ensure stable cash flows. #3 Strong growth outlook driven by new towers, tenants, and 5G/mobile data demand
Slide 3: EuroTeleSites Infrastructure and Tenant Base Continue to Grow
EuroTeleSites Infrastructure and Tenant Base Continue to Grow Stretching from Lake Constance to the Black Sea ▪ Leading tower company providing leasing of Number of Sites and Tenants antenna and equipment space as well as as of 30 September 2025 power backup ▪ Operating in six strong economic market
Slide 4: Split of Responsibilities Between EuroTeleSites and Tenants
Split of Responsibilities Between EuroTeleSites and Tenants Example: Rooftop Example: Greenfield System Technic Aircraft warning lights Lightning protection system Electrical Distribution Railing Work Platforms Radio antennas Roof Outlet Microwave system RRUs or tower mounted amplifiers Steel struct
Slide 5: Tenancy Ratio Across all EuroTeleSites Markets – Broken Down by Rooftop and Greenfield Sites
Tenancy Ratio Across all EuroTeleSites Markets – Broken Down by Rooftop and Greenfield Sites Tenancy Ratio Greenfield Tenancy Ratio Rooftop Tenancy Ratio: 1.24x 1.47 1.61 1.55 1.43 1.35 1.33 1.08 1.09 1.13 1.01 1.12 1.03 1.04 1.02 Tenancy Ratio as of 30 June 2025 Austria Bulgaria Croatia North Serbi
Slide 6: Business model
Business model [eal EuroTeleSltes
Slide 7: Clear Structure for Working with our Anchor Tenant A1
Clear Structure for Working with our Anchor Tenant A1 Master Lease Agreement ▪ Blended fixed rent, subject to CPI-linked indexation (85% of annual local adjustment, but not more than 3%) Duration ▪ Unlimited duration with termination right for the anchor tenant after 8, 16 and 24 years and for EuroT
Slide 8: Further Growth will be Driven by Anchor Tenant and Third-Party Expansion
Further Growth will be Driven by Anchor Tenant and Third-Party Expansion Long-term Management Targets Revenues Revenue Contribution by Tenant: Growing Diversification mEUR CAGR 3-5% c.95% 93% 2 7% c.5% 1 2022 2024 Long Term A1 Third Party 270 1 Anchor Tenant Third-Parties + Yearly Indexation Anchor
Slide 9: Financials
Financials [eal EuroTeleSltes
Slide 10: EuroTeleSites Exceeds Growth Expectations in 2024
EuroTeleSites Exceeds Growth Expectations in 2024 +9.8% +8.1% excl. One-Time Revenues EBITDAaL mEUR mEUR 270 232 246 19 4 +12.8% One-Time Effects 151 127 134 247 Third- 56% Parties Margin 2022 Proforma 2023 Proforma 2024 2022 Proforma 2023 PF 2024 [audited] [unaudited] [audited] [audited] [unaudited
Slide 11: Building Europe's Digital Infrastructure: ~20% of Revenues Reinvested in Infrastructure Development
Building Europe's Digital Infrastructure: ~20% of Revenues Reinvested in EuroTeleSites Infrastructure Development CAPEX CAPEX YTD mEUR mEUR 19,2 36,0 1,6 33,7 4,3 7,3 3,7 13,7 0,5 12,3 11,1 10,9 3,7 5,0 1,1 10,3 1,1 3,2 1,5 3,5 4,1 27,2 9,6 9,9 19,1 8,0 5,3 5,9 Q3 Q4 Q1 Q2 Q3 9M/2024 9M/2025 2024 20
Slide 12: Q3 Group Results Overview
Q3 Group Results Overview Comments ▪ 59% of the revenues are generated by Austria, followed by Bulgaria (12%), Croatia (11%) and Serbia (11%) ▪ 59% of the EBITDAaL are generated by Austria*, followed by Croatia (11%), Serbia (11%) and Bulgaria (10%) 12 *Corporate & Other, Eliminations is included in
Slide 13: Share price
Share price [eal EuroTeleSltes
Slide 14: Reasons why EuroTeleSites is an Attractive Infrastructure Investment
Reasons why EuroTeleSites is an Attractive Infrastructure Investment Share development Comments Share Price 27 October – 4.85 EUR ▪ Robust, inflation-linked revenue streams ensure stable cash flows Euro 5.90 ▪ Strong growth outlook driven by new towers, tenants, Erste Group and 5G/mobile data demand
Slide 15: Financial Policy / Capital Allocation Focus on Deleveraging in the First Four Years
Financial Policy / Capital Allocation Focus on Deleveraging in the First Four Years FINANCE OF 935 MEUR VIA MIX OF INSTRUMENTS ▪ 255 mEUR, private placement, maturity Q4/2026, fix 3.029% Liquidity ▪ 180 mEUR, private placement, maturity July 2028, variable EURIBOR + applicable margin ▪ 500 mEUR 5-ye
Slide 16: Guidance & ESG
Guidance & ESG [eal EuroTeleSltes
Slide 17: Guidance for 2025 and Mid-term
Guidance for 2025 and Mid-term OPERATIONAL FINANCIAL FINANCIAL GUIDANCE GUIDANCE GUIDANCE MID TERM 2025 2025 Increase Revenue growth of ~4%*, as Revenue growth 3-5% CAGR, as third-party revenues revenue growth 2024 was > 8% revenue growth 2024 was > 8% ~200 net increase CAPEX Keep high levels of Mac