Eurotelesites Ag · VIE:ETS
Eurotelesites — FY 2024 Earnings Presentation
23 slides from Eurotelesites's earnings presentation, Feb 11, 2025
Slide 1: FY & Q4/2024 Results Presentation
FY & Q4/2024 RESULTS PRESENTATION Vienna, 11 February 2025
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: Results Management Summary
Results Management Summary EuroTeleSites Exceeds 2024 Guidance ▪ 270.2 mEUR Revenue; +9.8% revenue growth vs proforma 2023 driven by indexation, rollout of new sites and onboarding of third-party tenants (+8.1% revenue growth excluding one-time effects) ▪ 229 new sites and 57 dismantled which leads
Slide 4: EuroTeleSites is Building Europe's Digital Infrastructure
EuroTeleSites is Building Europe’s Digital Infrastructure 2024 270 mEUR Total Revenues 13,637 Sites in 6 countries 151 mEUR EBITDAaL 1.24x Tenancy Ratio 55 mEUR CAPEX 4
Slide 5: 229 new Sites and 57 Dismantled, 172 Net Adds
FY/2024 | 229 new Sites and 57 Dismantled which Leads to 172 Net Adds, with 86 being Greenfield and 86 being Rooftop Sites Resulting in 13,637 Total Sites Number of total sites Number of tenants 1.23x 1.24x +396 +172 +69 16,521 16,605 16,740 16,809 16,917 39 13,465 13,496 13,552 13,568 13,637 3,056
Slide 6: CAPEX Target 2024 – Spending ~20% of Revenues – Achieved
CAPEX Target 2024 – Spending ~20% of Revenues – Achieved 33% (mEUR 18.2) Growth CAPEX CAPEX Split Comments Throughout 2024, we built 172 net new Sites, 86 of which were Greenfield-Sites and 86 new Rooftop-Sites Mandatory Upgrades: 55.2 mEUR 55.2 mEUR ▪ This portion of the CAPEX encompasses all manda
Slide 7: FY/2024 EuroTeleSites Country Breakdown
FY/2024 | EuroTeleSites Country Breakdown FY/2024 FY/2024 Revenues EBITDAaL* 5% 5% 11% 11% 2% 3% 11% 270 151 11% mEUR mEUR 60% 60% 11% 10% Austria Bulgaria Croatia North Macedonia Serbia Slovenia 7 *Corporate & Other, Eliminations is included in the Austrian segment.
Slide 8: Financial Details
FINANCIAL DETAILS [eal EuroTeleSltes
Slide 9: FY/2024 EuroTeleSites Met Growth Expectations
FY/2024 | EuroTeleSites Met Growth Expectations +9.8% +8.1% excl. One-Time Revenues EBITDAaL mEUR mEUR 270 One-Time 232 246 4 Effects +12.8% 151 127 134 266 2022 PF 2023 PF 2024 2022 PF 2023 PF 2024 [audited] [unaudited] [audited] [audited] [unaudited] [audited] Free Cash Flow(1) Leverage mEUR (debt
Slide 10: Q4/2024 Group Results
Q4/2024 GROUP RESULTS | Quarterly Revenue Performance Mainly Driven by One-time Effects in Austria Revenues EBITDA (Margin) mEUR mEUR Revenues +5.1% -1.0% ▪ Driven by one-time effects from finalizing ongoing 71.4 56.7 58.4 57.8 projects and modifications (~mEUR 2) from 63.9 66.8 68.0 54.4 2023/2024
Slide 11: ~29% Share Price Increase Throughout 2024
~29% Share Price Increase Throughout 2024 Equals Around mEUR 178 Market Capitalization Growth Share development Comments Share Price 11 February – 5.60 EUR ▪ mEUR 178 in Market Capitalization Growth in 2024 ▪ Since the beginning of the year share price has further increased to a new all time high ▪
Slide 12: Guidance
GUIDANCE [eal EuroTeleSltes
Slide 13: Operational and Financial Guidance 2024 Delivered
Operational and Financial Guidance 2024 Delivered OPERATIONAL FINANCIAL GUIDANCE GUIDANCE 2024 2024 Revenue guidance of Further develop tenancy ratio 5% to be exceeded and positive free cash flow Explore Non-MNO business CAPEX approximately opportunities ~20% of revenues Continue developing ESG Annu
Slide 14: Slightly Adjusted Guidance for 2025 and Mid-term
Slightly Adjusted Guidance for 2025 and Mid-term OPERATIONAL FINANCIAL FINANCIAL GUIDANCE GUIDANCE GUIDANCE MID TERM 2025 2025 Increase third-party Revenue growth of ~4%*, as Revenue growth 3-5% CAGR, as revenues revenue growth 2024 was > 8% revenue growth 2024 was > 8% ~200 net increase Keep high l
Slide 15: Financial Calendar 2025
Financial Calendar 2025 Participation in (virtual) roadshows and conferences throughout the year. Roadshows are planned in Vienna, Frankfurt, Zürs and more will follow. 15
Slide 16: Questions & Answers
QUESTIONS & ANSWERS Ivo Ivanovski Lars Mosdorf EuroTeleSites EuroTeleSites CEO CFO CONTACT INVESTOR RELATIONS Moritz Palmi E: Moritz.Palmi@eurotelesites.com M: +43 664 66 39 520 16
Slide 17: Backup
BACKUP 17
Slide 18: Glossary
GLOSSARY CAPEX Capital Expenditures Total additions to intangible assets + total additional to property plant and equipment (excluding right of use additional according to IFRS 16) EBITDA Earnings Before EBIT + depreciation + amortization Interest, Tax, Depreciation and Amortization EBITDA Margin EB
Slide 19: Austria | Revenue Increase Mainly Driven by One-Time Effects
AUSTRIA | Revenue Increase Mainly Driven by One-Time Effects Revenues EBITDA (Margin) mEUR mEUR +8.2% -13.0% Revenues 43.9 34.7 36.1 ▪ Driven by one-time effects from finalizing 39.6 40.6 32.8 37.9 31.4 ongoing projects and modifications (~mEUR 2) from 2023/2024 and from 87% 88% 89% 72% additional r
Slide 20: International | Development as Expected
INTERNATIONAL | Development as Expected Revenues EBITDA (Margin) mEUR mEUR +0.5% +3.7% Revenues 27.2 27.4 27.5 24.5 26.0 23.0 23.8 23.6 ▪ Stable increase in revenues due to increase in additional tenants 88% 87% 86% 89% EBITDA & EBITDAaL ▪ Increase in EBITDA and EBITDAal mainly Q1/2024 Q2/2024 Q3/20
Slide 21: EuroTeleSites Profit & Loss
EUROTELESITES PROFIT & LOSS 21
Slide 22: EuroTeleSites Assets
EUROTELESITES ASSETS December 31, December 3 2023 March 31, 2024 ine 30, 2024 eptember 30, 2024 2024 141.016, Total current assets 56.153 57.066 55.134 64.563 68.457 TOTAL ASSETS 1.963.215 1.956.374 1.937.103 1.939.223 2.063.693
Slide 23: EuroTeleSites Liabilities and Stockholders' Equity
EUROTELESITES LIABILITIES AND STOCKHOLDERS’ EQUITY 23