Eurotelesites Ag · VIE:ETS
Eurotelesites — FY2023 Earnings Presentation
22 slides from Eurotelesites's earnings presentation, Feb 13, 2024
Slide 1: Financial Results Presentation 2023
Financial Results Presentation 2023 Vienna, February 13, 2024
Slide 2: Cautionary statement
Cautionary statement This presentation contains forward-looking statements. These forward-looking statements are usually accompanied by words such as 'believe', 'intend', 'anticipate', 'plan', 'expect' and similar expressions. Actual events may differ materially from those anticipated in these forwa
Slide 3: Highlights of EuroTeleSites' first 100 operating days
Highlights of EuroTeleSites’ first 100 operating days
Slide 4: Successful Establishment Since Spin-off: Europe's Third Listed Tower Company
Successful Establishment Since Spin-off: EuroTeleSites emerges as Europe´s Third Listed Tower Company. • Leading European tower company Strong Footprint in six European countries providing leasing of antenna and equipment space as well as power backup 6,094 • Operating in a strong economic region wi
Slide 5: EuroTeleSites is well positioned as independent provider of passive infrastructure
EuroTeleSites is well positioned as independent provider of passive infrastructure ▪ Listed on the Vienna Stock Exchange since September 22, 2023. o Positive analyst estimations at around 5 EUR per share. ▪ Successful day-one readiness start of operations, and integration of six countries under one
Slide 6: Two percent increase in number of macro towers vs. 1st HY23
Two percent increase in number of macro towers vs. 1st HY23 Macro towers development Site distribution Tenants development across all markets +240 (2%) new sites vs. 1st HY23 Tenancy ratio 1.21x 1.22x 1.23x thereof 118 through asset deal +385 (2%) 13,162 13,225 13,465 15,957 16,136 16,521 13% 2,795
Slide 7: Construction of new sites and asset deal lead to additional 240 towers
Construction of new sites and asset deal lead to additional 240 towers in the 2nd HY23 CAPEX* 22/09-31/12/2023 ▪ CAPEX is generally strongest in the fourth 8% quarter due to the business cycle. 122 sites were 27.3 completed in the 2nd HY23, 53% and 118 sites were added 39% mEUR through the asset dea
Slide 8: Proforma Financial Year
Proforma Financial Year January 1 – December 31, 2023
Slide 9: Proforma FY 2023 achieved upper bandwidth of growth expectations
Proforma FY 2023 EuroTeleSites achieved upper bandwidth of growth expectations Revenues +6% EBITDAaL mEUR mEUR 232 246 +6% 127 134 2022 2023 2022 2023 [audited] [unaudited] [audited] [unaudited] Free Cash Flow(1) Leverage mEUR (debt excluding leases/EBITDAaL) -19% 7,7x 7,3x 84 68 2022 2023 2022 2023
Slide 10: Actual Financial Year
Actual Financial Year September 22 – December 31, 2023
Slide 11: Actuals 2023 Country breakdown
Actuals 2023 Country breakdown: Austria is the largest operating country followed by Bulgaria and Croatia Revenues* EBITDAaL* 22/09-31/12/2023 22/09-31/12/2023 10% 9% 2% 4% 2% 4% 10% 11% 71.9 40.1 mEUR 10% mEUR 61% 11% 69% Austria Bulgaria Croatia North Macedonia Slovenia Serbia 11 *Splits are exclu
Slide 12: Group results in line with guidance from Spin-Off
Group results in line with guidance from Spin-Off Revenues EBITDAaL mEUR mEUR Margin 56% 71.9 Revenues • EuroTeleSites benefited from the master 40.1 lease agreement with A1 Group • One time collocation effect in Austria increased revenues 2023 2023 EBITDAaL • In line with expectations CAPEX Free Ca
Slide 13: Segment Austria
Segment Austria Positive developments include fulfilment of Master Lease Agreement with anchor tenant A1 Revenues EBITDAaL mEUR mEUR 44.1 Revenues • A one-off collocation effect boosted 27.7 revenues by 1.7 million euro EBITDAaL 2023 2023 • Cost discipline supported to offset higher lease payments a
Slide 14: Segment International
Segment International: 118 locations added as asset deal in December 2023, this will foster revenues in the future Revenues EBITDAaL Revenues mEUR mEUR • Revenues include new Master Lease 27.8 Agreement with A1 and renewals from 3rd party contracts 14.5 CAPEX • High CAPEX spendings were driven by as
Slide 15: Outlook 2024
EuroTeleSites Outlook 2024
Slide 16: Our guidance for 2024 and mid-term
EuroTeleSites – our guidance for 2024 and mid-term Operational guidance Financial guidance Financial guidance 2024 2024 medium term (unchanged) Further develop tenancy ratio 4-6% CAGR revenue growth ~5% revenue growth with positive free cash flow Serve for and participate anchor tenant growth EBITDA
Slide 17: Outlook financial calendar 2024
Outlook financial calendar 2024 Upcoming events Date Roadshow in Madrid February 27, 2024 Release of annual report First half of March 2024 Roadshows in Austria and England April 2024 Results Q1 2024 April 23, 2024 Annual General Meeting June 25, 2024 Results Q2 2024 and 1st HY 2024 July 16, 2024 Re
Slide 18: Questions & Answers
Questions & Answers Ivo Ivanovski Lars Mosdorf EuroTeleSites EuroTeleSites CEO CFO 18
Slide 19: Backup
EuroTeleSites
Slide 20: EuroTeleSites' Profit & Loss in detail
EuroTeleSites’ Profit & Loss in detail September 22 - Currency: TEUR December 31, 2023 Revenues 71.916 Cost of service - 9.023 Selling, general & administrative expenses - 2.302 Other expenses - 159 Total cost and expenses (∑ lines 11-13) - 11.485 Earnings before interest, tax, depreciation 60.431 a
Slide 21: Core positions of the balance sheet (I/II)
Core positions of the EuroTeleSites’ balance sheet (I/II) September 22, Currency: TEUR December 31, 2023 2023 Current assets Cash and cash equivalents 1.032.880 21.026 Accounts receivable (net) 2.911 9.627 Receivables due from related parties 45.712 23.295 Income tax receivable 90 119 Other current
Slide 22: Core positions of the balance sheet (II/II)
Core positions of the EuroTeleSites’ balance sheet (II/II) Current liabilities Short-term debt - - Lease liabilities short-term 48.810 49.378 Accounts payable 32.927 47.472 Accrued liabilities and current provisions 480 862 Income tax payable 2.644 2.755 Payables due to related parties 1.067.637 19.