Crown Castle Inc. · NYSE:CCI
Crown Castle — Q1 2025 Earnings Presentation
8 slides from Crown Castle's earnings presentation, Apr 30, 2025
Slide 1: First Quarter 2025 Earnings Conference Call
April 30, 2025 First Quarter 2025 Earnings Conference Call The pathway to possible. PAGE 1 First Quarter 2025 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 Towers Asset Overview Delivered strong operational and financial results in the first quarter. Affirmed full year 2025 Outlook, which includes 4.5% tower organic growth, excluding the impact of Sprint Cancellations. On track to successfully close Fiber business sale in 1H 2026.
Slide 4: US Tower Demand Growth Has Remained Resilient Across Market Cycles and Macroeconomic Conditions
US Tower Demand Growth Has Remained Resilient Across Market Cycles and Macroeconomic Conditions US Tower Cash Site Rental Revenue(1) Indicates US Recession 10 Yr Treasury Yield 5.0% 4.5% $4.0bn 4.0% 3.5% $3.0bn 3.0% $2.0bn 2.5% 2.0% $1.0bn 1.5% 1.0% $0.0bn 0.5% 2005(2) 2006(2) 2007(2) 2008(2) 2009(2
Slide 5: Q1 2025 Results
Q1 2025 Results ($ in millions) Site Rental Revenues Adjusted EBITDA AFFO $1,068 $1,011 $754 $722 ↓ ($57) / (5%) 5.1% Organic Contribution to Site Rental Billings $484 $479 Excluding Impact of Sprint Cancellations(1) ↓ ($32) / (4%) ↓ ($5) / (1%) Q1 2024 Q1 2025 Q1 2024 Q1 2025 Q1 2024 Q1 2025 Result
Slide 6: Full Year 2025 Outlook Remains Unchanged
Full Year 2025 Outlook Remains Unchanged ($ in millions) Site Rental Revenues Adjusted EBITDA AFFO $3,987 $4,268 to $4,032 $2,755 $3,035 to $2,805 $1,770 ↓ (6%) $1,980 to (1) YoY Growth $1,820 ↓ (8%) YoY Growth (1) ↓ (9%) YoY Growth(1) 2024 Current 2024 Current 2024 Current Actuals FY 2025 Actuals F
Slide 7: 2025 Outlook for Organic Contribution to Site Rental Billings, Change in Site Rental Revenues
2025 Outlook for Organic Contribution to Site Rental Billings, Change in Site Rental Revenues ($ in millions) $90-$100 $0 $160-$190 ($35)-($25) $105-$115 ($205) ($45)-($15) ($175)-($145) $0 ($80)-($50) ($275)-($235) Core Leasing Plus: Less: Plus: Change in Organic Less: Sprint Organic Change in Chan
Slide 8: 2025 Outlook for AFFO to Estimated Annual AFFO at Anticipated Time of Transaction Close
2025 Outlook for AFFO to Estimated Annual AFFO at Anticipated Time of Transaction Close ($ in millions) $250 - $370 $2,265 - $2,415 $210 - $260 Annual $4.25 Dividend per Share results in approximately $1,770 - $1,820 75% to 80% payout of annual AFFO excluding amortization of prepaid rent(3,4) 2025 O