Crown Castle Inc. · NYSE:CCI
Crown Castle — Q3 2024 Earnings Presentation
7 slides from Crown Castle's earnings presentation, Oct 16, 2024
Slide 1: Third Quarter 2024 Earnings Conference Call
October 16, 2024 Third Quarter 2024 Earnings Conference Call The pathway to possible. PAGE 1 Third Quarter 2024 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 Delivered solid third quarter results and maintained our FY2024 Outlook of 5%(1) consolidated organic growth, which anticipates: Asset Overview o 4.5% tower organic growth, >40K Towers o 10% small cell organic growth(1) and higher- than-anticipated non-recurring revenues, (2) and ~1
Slide 4: Q3 2024 Results
Q3 2024 Results ($ in millions) Site Rental Revenues Adjusted EBITDA AFFO $1,577 $1,593 $1,047 $1,075 $767 $801 ↑ $16 / 1% 5.2% Organic Contribution to Site Rental Billings ↑ $28 / 3% ↑ $34 / 4% Excluding Impact of Sprint Cancellations(1) Q3 2023 Q3 2024 Q3 2023 Q3 2024 Q3 2023 Q3 2024 Results Resul
Slide 5: Full Year 2024 Outlook
Full Year 2024 Outlook ($ in millions) Site Rental Revenues Adjusted EBITDA AFFO $6,317 to $6,532 $6,362 $4,143 $4,415 to $4,193 $3,005 $3,277 to $3,055 ↓ (3%) YoY ↓ (6%) YoY ↓ (8%) YoY (1) (1) (1) Growth Growth Growth 2023 Current 2023 Current 2023 Current Actuals FY 2024 Actuals FY 2024 Actuals FY
Slide 6: 2024 Outlook for Organic Contribution to Site Rental Billings, Change in Site Rental Revenues
2024 Outlook for Organic Contribution to Site Rental Billings, Change in Site Rental Revenues ($ in millions) $95-$105 $305-$335 $245-$285 ($165)-($145) $70-$110 ($170)-($160) ($10) ($113)-($88) ($183)-($158) ($200)-($160) Core Leasing Plus: Less: Organic Less: Payments Less: Sprint Organic Change i
Slide 7: 2024 Outlook for Change in AFFO
2024 Outlook for Change in AFFO ($ in millions) $245-$285 ($25)-$5 ($70)-($40) $85-$130 ($123)-($78) $0-$10 ($170)-($160) ($10) ($183)-($158) ($265)-($215) Organic Increase in Change in Change in Cash Other(2) 2024E AFFO Payments for Sprint Change in 2024E AFFO Contribution to Expenses Services Inte