Eurotelesites Ag · VIE:ETS
Eurotelesites — Q1 2025 Earnings Presentation
19 slides from Eurotelesites's earnings presentation, Apr 30, 2025
Slide 1: Q1/2025 Results Presentation
Q1/2025 Results Presentation Vienna, 30 April 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: Management Summary
Management Summary EuroTeleSites looks back on a successful quarter ▪ +5.9% Revenue growth vs Q1/2024 mainly as a result of: • portfolio development • new tenants and • indexation ▪ Good pace with Third-Party Tenants in Q1/2025. 24 third-party tenants were onboarded ▪ CAPEX at 12.3 mEUR, focusing on
Slide 4: EuroTeleSites is building Europe's digital infrastructure
EUROTELESITES IS BUILDING EUROPE'S DIGITAL INFRASTRUCTURE Q1/25 13,662 Sites in 6 countries 16,966 Number of Tenants Q1/2024 vs. Q1/2025 Total Revenues (mEUR) 63.9 67.7 EBITDA (mEUR) / Margin 54.4 / 85.1% 59.6 / 88.0% EBITDAaL (mEUR) / Margin 36.2 / 56.6 % 40.2 / 59.5% CAPEX (mEUR) 12.6 12.3
Slide 5: Sites and Tenants
Sites and Tenants | In Q1 2025 Total Built 36, Resulted in 25 Net Adds. 24 Third-Party Tenants Onboarded. Number of total sites Number of tenants 1.24x Tenancy Ratio +361 +166 16,605 16,740 16,809 16,917 16,966 13,496 13,552 13,568 13,637 13,662 31 March 30 June 30 September 31 December 31 March 31
Slide 6: Mandatory Upgrades Account for most of the CAPEX
Mandatory Upgrades Account for most of the CAPEX CAPEX (mEUR) Comments ▪ 36 new sites were built, with 14 being 19.2 Greenfield and 22 being Rooftop sites 4.3 ▪ Mandatory upgrades: 13.7 12.6 12.3 Make the tower ready for the anchor 0.5 0.6 9.8 3.7 5.0 1.1 tenant´s standard configuration and for a 1.
Slide 7: Financial Details
Financial Details [eal EuroTeleSltes
Slide 8: Q1/2025 Group Results I/II
Q1/2025 Group Results I/II Revenues EBITDA mEUR mEUR +5.9% +9.5% 66.8 68.0 71.4 67.7 54.4 56.7 58.4 57.8 59.6 63.9 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 2024 2024 2024 2024 2025 2024 2024 2024 2024 2025 Comments ▪ Revenue increase of +5.9% vs. Q1/2024 in line with expectations; mainly as a result of portfol
Slide 9: Q1/2025 Group Results II/II
Q1/2025 Group Results II/II EBITDA after leases Cashflow mEUR (CF from Operations – CAPEX paid) mEUR +11.3% 38.1 39.6 37.5 40.2 47.0 49.5 36.2 38.0 37.9 30.9 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 2024 2024 2024 2024 2025 2024 2024 2024 2024 2025 Comments ▪ Higher regular leases (IFRS 16) development in Q1 2
Slide 10: Refinancing of 255 mEUR with more Favorable Conditions
Refinancing of 255 mEUR with more Favorable Conditions ▪ Refinanced 255 mEUR through a private placement II | maturity Q4/2026 fixed 3.029% (previous term loan refinanced with more favourable conditions in April 2025) ▪ 180 mEUR private placement I | maturity July 2028 LIQUIDITY variable EURIBOR + a
Slide 11: Guidance
Guidance [eal EuroTeleSltes
Slide 12: 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 Keep high levels CAPEX ~20% o
Slide 13: 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 13
Slide 14: Backup
Backup
Slide 15: 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 Interest, EBIT + depreciation + amortization Tax, Depreciation and Amortization EBITDA Margin EB
Slide 16: EuroTeleSites Profit & Loss
EuroTeleSites Profit & Loss [audited] [unaudited] [unaudited] [unaudited] [audited] [unaudited] 22 September - Currency: TEUR Q1/2024 Q2/2024 Q3/2024 Q4/2024 Q1/2025 31 December, 2023 Revenues 71 916 63 908 66 813 68 000 71 436 67 654 Cost of service - 9 023 - 6 129 - 6 839 - 6 792 - 10 098 - 4 965
Slide 17: EuroTeleSites Assets
EuroTeleSites Assets [audited] [unaudited] [unaudited] [unaudited] [audited] [unaudited] 31 December 31 March 30 June 30 September 31 December 31 March Currency: TEUR 2023 2024 2024 2024 2024 2025 Current assets Cash and cash equivalents 21 026 19 169 17 455 20 209 21 965 30 704 Accounts receivable
Slide 18: EuroTeleSites Liabilities and Stockholders' Equity
EuroTeleSites Liabilities and Stockholders’ Equity [audited] [unaudited] [unaudited] [unaudited] [audited] [unaudited] 31 December 31 March 30 June 30 September 31 December 31 March Currency: TEUR 2023 2024 2024 2024 2024 2025 Current liabilities Short-term debt - - - 10 000 - - Lease liabilities sh
Slide 19: Q1/2025 EuroTeleSites Country Breakdown
Q1/2025 | EuroTeleSites Country Breakdown 60% Austria Bulgaria Croatia North Macedonia Serbia Slovenia 19 *Corporate & Other, Eliminations is included in the Austrian segment.