Eurotelesites Ag · VIE:ETS
Eurotelesites — Shareholder Meeting (June 2024)
35 slides from Eurotelesites's shareholder meeting presentation, Jun 25, 2024
Slide 1: Annual General Meeting of EuroTeleSites AG
Annual General Meeting of EuroTeleSites AG June 25, 2024
Slide 2: Report on the Financial Year 2023
Agenda item 1 Report on the Financial Year 2023 2
Slide 3: Members of EuroTeleSites Supervisory Board
Members of EuroTeleSites Supervisory Board Barbara Potisk-Eibensteiner Oscar Von Hauske Solís Elisabetta Castiglioni Santiago Dawson Lemus Roxana Flores Alexanderson Chairperson Deputy Chairperson Member Member Member Daniel Hajj Slim Edith Hlawati Ernesto Leyva Pedrosa Elisabeth Muhr Ana Simic 3 Me
Slide 4: Attendance Supervisory Board and Committees 2023
Attendance Supervisory Board and Committees 2023 ▪ Attendance Supervisory Board and CommitteesSupervisory 2023 Audit Remuneration Board Commitee Committee Barbara Potisk-Eibensteiner 4/4 2/2 Oscar Von Hauske Solís 4/4 2/2 3/3 Elisabetta Castiglioni 4/4 2/2 Santiago Dawson Lemus 4/4 2/2 Roxana Flores
Slide 5: Report on the Financial Year 2023 (September 22 – December 31)
Report on the Financial Year 2023 (September 22 – December 31) Presented by the Management Board of EuroTeleSites Ivo Ivanovski Lars Mosdorf EuroTeleSites EuroTeleSites CEO CFO 5
Slide 6: Our Infrastructure from Lake Constance to the Black Sea Spans Six Countries
Our Infrastructure from Lake Constance to the Black Sea Spans Six Countries with Further Growth Potential Across the Region ▪ We prioritize efficiency and execution Tenancy excellence Ratio* 1.28x 1.18x 1.15x 1.05x 1.23x 1.22x as of ▪ We strive for growth acceleration December 31, 2023 ▪ We continuo
Slide 7: How Did We Get Here
How Did We Get Here Market Cap Development (mEUR) ▪ On September 22, 2023, EuroTeleSites AG was listed on the Vienna Stock Exchange with 166,125,000 shares Spin-Off 1,562 Announcement ▪ Shareholders of Telekom Austria AG received 1 share in 5,686 EuroTeleSites AG for every 4 shares held in Telekom A
Slide 8: EuroTeleSites Operates Mobile Telecommunication towers – the Passive Infrastructure
EuroTeleSites Operates Mobile Telecommunication towers – the Passive Infrastructure Example: Rooftop Example: Greenfield System Technic Aircraft warning lights Lightning protection system Electrical Distribution Railing Work Platforms Radio antennas Roof Outlet Microwave system Tower mounted amplifi
Slide 9: Austria, Bulgaria and Croatia are EuroTeleSites’ Largest Operating Countries
Austria, Bulgaria and Croatia are EuroTeleSites’ Largest Operating Countries Revenues* EBITDAaL* CAPEX September 22 – December 31 September 22 – December 31 September 22 – December 31 4% 2% 7% 10% 9% 4% 9% 2% 10% 11% 71.9 40.1 13% 27.2 49% mEUR 10% mEUR mEUR 61% 11% 69% 14% 8% Austria Bulgaria Croat
Slide 10: 240 new towers added to EuroTeleSites’ portfolio in H2/23
240 new towers added to EuroTeleSites’ portfolio in H2/23 CAPEX* September 22 – December 31 ▪ CAPEX is generally strongest in the fourth 8% quarter due to the business cycle. 122 sites were completed in the 2nd HY23, 27.3 and 118 sites were added 39% mEUR 53% through the asset deal with A1. ▪ 306 so
Slide 11: EuroTeleSites operates 13,465 strategic locations in Central Eastern Europe
EuroTeleSites operates 13,465 strategic locations in Central Eastern Europe Macro towers development Tenants development Tenancy ratio 1.21x 1.22x 1.23x 13,162 13,225 13,465 15,957 16,136 16,521 2,795 2,911 3,056 5,945 5,962 6,076 13,162 13,225 13,465 7,217 7,263 7,389 December 31, June 30, December
Slide 12: Clear structure for working with A1 and third parties
Clear structure for working with A1 and third parties A1 Group Site Lease Agreements Master Lease Agreement Own site lease Site sharing ARGE agreements agreements agreements • Blended fixed rent, subject to CPI-linked indexation (85% of annual adjustment, but not more than 3%). Lease Agreement Other
Slide 13: High profitability with an EBITDA after lease margin of 56%
High profitability with an EBITDA after lease margin of 56% and further scale and efficiency potential Group profit and loss (September 22 – December 31) 72 mEUR -11 mEUR 60 mEUR -20 mEUR 40 mEUR 84% 56% EBITDA- EBITDA margin al- margin Revenues Total cost and EBITDA Leases EBITDAaL expenses 13 EBIT
Slide 14: Free cash flows are used in the first few years to reduce the leverage ratio
Free cash flows are used in the first few years to reduce the leverage ratio ▪ EuroTeleSites is fully committed to a prudent financial policy focusing on liquidity risk management ▪ Debt of €1 billion to be refinanced via a mix of instruments: ▪ €500mn 5-year bullet loan issued on 9 June 2023 and dr
Slide 15: EuroTeleSites’ Group Profit and Loss
EuroTeleSites’ Group Profit and Loss 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 - 11.485 Earnings before interest, tax, depreciation 60.431 and amortization EB
Slide 16: Balance Sheet – Assets
Balance Sheet – Assets: Revaluation of the towers led to an increase in assets September 22, Currency: TEUR December 31, 2023 2023 Current assets Cash and cash equivalents 1.032.880 21.026 Comments: Accounts receivable (net) 2.911 9.627 Receivables due from related parties 45.712 23.295 ▪ Cash reduc
Slide 17: Balance Sheet – Liabilities
Balance Sheet – Liabilities September 22, Currency: TEUR December 31, 2023 2023 Current liabilities Current assetsdebt Short-term - - Cash Leaseand cash equivalents liabilities short-term 1.032.880 48.810 21.026 49.378 Accounts Accounts receivable payable (net) 2.911 32.927 9.627 47.472 Receivables
Slide 18: Increasing share price since the beginning of 2024
Increasing share price since the beginning of 2024 Share development Comments ▪ EuroTeleSites is listed in ATX-prime ▪ Investment Grade rating by Moody’s and Fitch ▪ High revenue visibility and predictable cash flows bring stability ▪ EuroTeleSites receives positive feedback from investors for its c
Slide 19: EuroTeleSites prepares for CSRD implementation and will further expand ESG initiatives
EuroTeleSites prepares for CSRD implementation and will further expand ESG initiatives in lockstep with the business Environmental, Social and Governance Priorities Strategy will be further developed ▪ EuroTeleSites' operations emit low CO2 emissions Ecology ▪ Reduce the ecological impact through in
Slide 20: EuroTeleSites focuses on growth opportunities and increases in efficiency
EuroTeleSites focuses on growth opportunities and increases in efficiency Finance • Sustainable revenue growth • OPEX and CAPEX optimisation • Operating as One Finance Team Market BOOST • Organic market share growth CORE • Leverage new technology and trends for business opportunities • Opportunistic
Slide 21: Solid Growth Trajectory driven by Both A1 and Third-party Tenants
Solid Growth Trajectory driven by Both A1 and Third-party Tenants Revenue Long-term Targets (In mEUR) Revenue Contribution by Tenant: Growing Diversification CAGR 4-6% c.95% 2 c.5% 1 2022 Long Term 246 232 A1 Third Party 1 Anchor Tenant A1 ~2/3 of growth from A1 + Additional ~1,000 new BTS Sites ~1/
Slide 22: Guidance for 2024 and Mid-term
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 EBITDA margin expansion Explore Non-MNO business opportunities CAPEX appr
Slide 23: Discharge of the Members of the Management Board
Agenda item 2 Discharge of the Members of the Management Board 23
Slide 24: Discharge of the Members of the Management Board
Discharge of the Members of the Management Board Members of the Management Board ▪ Ivo Ivanovski ▪ Lars Mosdorf The Management Board and the Supervisory Board of EuroTeleSites AG propose to grant discharge to the members of the Management Board for the 2023 financial year. 24
Slide 25: Discharge of the Members of the Supervisory Board
Agenda item 3 Discharge of the Members of the Supervisory Board 25
Slide 26: Discharge of the Members of the Supervisory Board
Discharge of the Members of the Supervisory Board Members of the Supervisory Board ▪ Barbara Potisk-Eibensteiner ▪ Daniel Hajj Slim ▪ Oscar Von Hauske Solís ▪ Edith Hlawati ▪ Elisabetta Castiglioni ▪ Ernesto Leyva Pedrosa ▪ Santiago Dawson Lemus ▪ Elisabeth Muhr ▪ Roxana Flores Alexanderson ▪ Ana Si
Slide 27: Election of the auditors of the financial statements
Agenda item 4 Election of the auditors of the financial statements and of the consolidated financial statements 27
Slide 28: Election of the auditors for the financial statements and consolidated financial statements
Election of the auditors for the financial statements and for the consolidated financial statements Based on the recommendation and in accordance with the preference of the Audit Committee, the Supervisory Board proposes that Ernst & Young Wirtschaftsprüfungsgesellschaft m.b.H., Vienna, shall be app
Slide 29: Resolution on the remuneration policy
Agenda item 5 Resolution on the remuneration policy 29
Slide 30: Structure of Management Board Remuneration
Structure of Management Board Renumeration Structure of total target remuneration Financial year 1 Financial year 2 Financial year 3 Financial year 4 (excl. fringe benefits) Basic annual salary (approx. 30 % – 55 %) Fixed, non- performance-based remuneration (approx. 35 % – 65 %) Pension (approx. 5
Slide 31: Resolution on the compensation for Members of the Supervisory Board
Agenda item 6 Resolution on the compensation for Members of the Supervisory Board 31
Slide 32: Resolution on the compensation for Members of the Supervisory Board
Resolution on the compensation for Members of the Supervisory Board The Management Board and the Supervisory Board of EuroTeleSites AG propose that the remuneration of the Members of the Supervisory Board for the financial year 2023 is set as follows, whereby the members of the Supervisory Board sha
Slide 33: General debate
33 General debate [eal EuroTeleSltes
Slide 34: Voting
34 Voting [eal EuroTeleSltes
Slide 35: Thank you for attending!
Thank you for attending! [eal EuroTeleSltes