Crown Castle Inc. · NYSE:CCI
Crown Castle — Q4 2023 Earnings Presentation
7 slides from Crown Castle's earnings presentation, Jan 25, 2024
Slide 1: Fourth Quarter 2023 Earnings Conference Call
January 25, 2024 Fourth Quarter 2023 Earnings Conference Call The pathway to possible. PAGE 1 Fourth Quarter 2023 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: Executive Summary
Executive Summary • Delivered solid underlying growth across our business in 2023, including: • Full-year tower organic growth of 5%, Asset Overview • 8,000 new small cell nodes for the year, with 2,000 >40K additional nodes completed that are expected to Towers begin billing in the first quarter of
Slide 4: Full Year 2023 Results
Full Year 2023 Results ($ in millions) Site Rental Revenues Adjusted EBITDA AFFO $6,511 $6,532 $6,289 $4,340 $4,422 $4,415 $3,200 $3,279 $3,277 ↑ 4% ↑ 2% ↑ 2% YoY YoY YoY Growth Growth Growth 2022 Previous 2023 2022 Previous 2023 2022 Previous 2023 Actuals FY 2023 Actuals Actuals FY 2023 Actuals Act
Slide 5: Full Year 2024 Outlook Remains Unchanged
Full Year 2024 Outlook Remains Unchanged ($ in millions) Site Rental Revenues Adjusted EBITDA AFFO $6,347 to $6,532 $6,392 $4,138 $4,415 to $4,188 $2,980 $3,277 to $3,030 ↓ (2%) YoY ↓ (6%) YoY ↓ (8%) YoY (1) (1) (1) Growth Growth Growth 2023 Current 2023 Current 2023 Current Actuals FY 2024 Actuals
Slide 6: 2024 Outlook for Organic Contribution to Site Rental Billings, Change in Site Rental Revenues
2024 Outlook for Organic Contribution to Site Rental Billings, Change in Site Rental Revenues ($ in millions) $95-$105 $305-$335 $245-$285 ($165)-($145) $70-$110 ($170)-($160) ($10) ($100)-($75) ($165)-($140) ($170)-($130) Core Leasing Plus: Less: Organic Less: Payments Less: Sprint Organic Change i
Slide 7: 2024 Outlook for Change in AFFO
2024 Outlook for Change in AFFO ($ in millions) $245-$285 ($60)-($30) ($70)-($40) $0-$10 $40-$90 ($130)-($85) ($170)-($160) ($10) ($165)-($140) ($290)-($240) (2) Organic Increase in Change in Change in Cash Other 2024E AFFO Payments for Sprint Change in 2024E AFFO Contribution to Growth Excluding (1