Crown Castle Inc. · NYSE:CCI
Crown Castle — Q1 2024 Earnings Presentation
7 slides from Crown Castle's earnings presentation, Apr 17, 2024
Slide 1: First Quarter 2024 Earnings Conference Call
April 17, 2024 First Quarter 2024 Earnings Conference Call The pathway to possible. PAGE 1 First Quarter 2024 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 Appointed Steven Moskowitz as new Chief Executive Officer. Asset Overview Made substantial progress on strategic and >40K operating review of Fiber segment. Towers Delivered solid first quarter results with consolidated core organic growth of 5.0%(1) as ~115K Small (2) demand fo
Slide 4: Q1 2024 Results
Q1 2024 Results ($ in millions) Site Rental Revenues Adjusted EBITDA AFFO $1,624 $1,588 $1,104 $1,036 $828 $749 ↓ ($36) / (2%) 5.0% Organic Contribution to Site Rental Billings ↓ ($68) / (6%) ↓ ($79) / (10%) Excluding Impact of Sprint Cancellations(1) Q1 2023 Q1 2024 Q1 2023 Q1 2024 Q1 2023 Q1 2024
Slide 5: Full Year 2024 Outlook Remains Unchanged
Full Year 2024 Outlook Remains Unchanged ($ 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