Eurotelesites Ag · VIE:ETS
Eurotelesites — Q1 2024 Earnings Presentation
23 slides from Eurotelesites's earnings presentation, Apr 16, 2024
Slide 1: Results Presentation of Q1/2024
Results Presentation of Q1/2024 Vienna, April 16, 2024
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: EuroTeleSites emerges as Europe's third-largest listed tower company
EuroTeleSites emerges as Europe's third-largest listed tower company in a fast-growing region with around 30 million people Strong Tower Footprint in six European countries • Leading European tower company with 13,496 sites providing leasing of antenna 6,098 and equipment space as well as power back
Slide 4: Highlights of Q1/2024
EuroTeleSites Highlights of Q1/2024
Slide 5: EuroTeleSites is on track to deliver on its growth targets
EuroTeleSites is on track to deliver on its growth targets ▪ EuroTeleSites has built 49 new sites, generating in total an increase of 31 sites ▪ Successfully onboarding of 53 new third-party tenants ▪ Growing demand for data from customers across all industries lead to additional infrastructure inve
Slide 6: EuroTeleSites' business model resulted in a robust performance across key metrics
EuroTeleSites’ business model resulted in a robust performance across key metrics Q1/24 13,496 Sites in 6 countries 1.23x Tenancy Ratio mEUR Total Revenues 63.9 EBITDA / Margin 54.4 / 85.1% EBITDAaL / Margin 36.2 / 56.6% CAPEX 12.6
Slide 7: Business Model and CAPEX
Business Model and CAPEX January 1 – March 31, 2024
Slide 8: EuroTeleSites has built new sites, increase of 31 sites
EuroTeleSites has built 49 new sites, generating an increase of 31 sites. And successfully onboarding of 53 new third-party tenants Macro towers development Tenants development 1.23x 1.23x +31 +84 13,465 13,496 16,521 16,605 3,056 3,109 6,076 6,094 13,465 13,496 7,389 7,402 2023 2024 2023 2024 31.12
Slide 9: Total CAPEX lower vs. last reporting driven by seasonal effects
Total CAPEX lower vs. last reporting driven by seasonal effects. Mandatory upgrades still outline the largest share in the CAPEX CAPEX Split Comments 5% ▪ Mandatory Upgrades: 14% ▪ make the tower ready for the anchor tenant´s standard configuration and for a second tenant 12.6 ▪ Mandatory upgrades a
Slide 10: Financials
Financials January 1 – March 31, 2024
Slide 11: Group results | Margins and ratios confirm a successful first quarter
Group results | Margins and ratios confirm a successful first quarter Revenues EBITDA EBITDAaL mEUR mEUR mEUR Revenues Margin 85.1% Margin 56.6% ▪ As expected, to achieve 5% growth YoY. 63.9 Inflation adjustment will kick in April 54.4 2024. 36.2 EBITDA & EBITDAaL ▪ In line with expectations Q1/2024
Slide 12: Country breakdown / Austria is the largest operating country
Country breakdown / Austria is the largest operating country followed by Bulgaria and Croatia Revenues* EBITDAaL* 5% 5% 11% 10% 3% 3% 11% 63.9 11% 36.2 mEUR mEUR 59% 61% 12% 11% Austria Bulgaria Croatia North Macedonia Serbia Slovenia 12 *Splits are excluding Corporate & Other, Eliminations. Therefo
Slide 13: Segment Austria delivered financials results as expected
Segment Austria delivered financials results as expected Revenues ▪ Fulfilment of MLA with anchor tenant and Revenues EBITDA mEUR mEUR successfully onboarding of 6 new third-party tenants 37.9 32.8 ▪ Building of 16 new sites, generating in total an increase of 4 sites EBITDA & EBITDAaL ▪ Strict cost
Slide 14: Segment International delivered financials results as expected
Segment International delivered financials results as expected Revenues EBITDA mEUR mEUR 26.0 Revenues 23.0 ▪ Fulfilment of MLA with anchor tenant and successful onboarding of 47 new third-party tenants ▪ Building of 33 new sites, generating in Q1/2024 Q1/2024 total an increase of 27 sites EBITDAaL
Slide 15: Outlook
EuroTeleSites
Slide 16: EuroTeleSites – our guidance for 2024 and mid-term
EuroTeleSites – our guidance for 2024 and mid-term Operational guidance Financial guidance Financial guidance 2024 2024 medium term (unchanged) Further develop tenancy ratio 4-6% CAGR revenue growth ~5% revenue growth with positive free cash flow Serve for and participate anchor tenant growth EBITDA
Slide 17: Outlook financial calendar 2024
Outlook financial calendar 2024 Upcoming events Date Roadshow in London April 24, 2024 Annual General Meeting June 25, 2024 Results Q2/2024 and 1st HY 2024 July 16, 2024 Results Q3/2024 and Q1-Q3 2024 October 15, 2024 Contact Investor Relations Moritz Palmi E: Moritz.Palmi@eurotelesites.com M: +43 6
Slide 18: Questions & Answers
Questions & Answers Ivo Ivanovski Lars Mosdorf EuroTeleSites EuroTeleSites CEO CFO 18
Slide 19: Backup
EuroTeleSites
Slide 20: 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 21: EuroTeleSites' Profit & Loss in detail
EuroTeleSites’ Profit & Loss in detail September 22 - Currency: TEUR Q1/2024 December 31, 2023 Revenues 71 916 63 908 Cost of service - 9 023 - 6 129 Selling, general & administrative expenses - 2 302 - 2 971 Other expenses - 159 - 401 Total cost and expenses (∑ lines 11-13) - 11 485 - 9 501 Earning
Slide 22: Core positions of EuroTeleSites' balance sheet (I/II)
Core positions of EuroTeleSites’ balance sheet (I/II) Currency: TEUR December 31, 2023 March 31, 2024 [audited] [unaudited] Current assets Cash and cash equivalents 21.026 19.169 Accounts receivable (net) 9.627 11.556 Receivables due from related parties 23.295 24.621 Income tax receivable 119 29 Ot
Slide 23: Core positions of EuroTeleSites' balance sheet (II/II)
Core positions of EuroTeleSites’ balance sheet (II/II) Currency: TEUR December 31, 2023 March 31, 2024 [audited] [unaudited] Current liabilities Short-term debt - - Lease liabilities short-term 49.378 50.308 Accounts payable 47.472 56.112 Accrued liabilities and current provisions 862 453 Income tax