Crown Castle Inc. · NYSE:CCI
Crown Castle — Q4 2017 Earnings Presentation
7 slides from Crown Castle's earnings presentation, Jan 25, 2018
Slide 1: Fourth Quarter 2017 Earnings Conference Call
Fourth Quarter 2017 Earnings Conference Call January 25, 2018
Slide 2: Cautionary Information
Cautionary Information This presentation contains forward-looking statements and information that are based on management’s current expectations. Such statements include our Outlook and plans, projections, and estimates regarding (1) potential benefits, returns, opportunities and customer and shareh
Slide 3: 2017 Highlights
2017 Highlights • Delivered 8% dividend per share growth compared to 2016, at the high end of long- term growth target • Expanded our leading portfolio of shared communications infrastructure assets, investing over $10 billion to secure assets in top markets • Reduced leverage, improved our financia
Slide 4: Q4 2017 Highlights
Q4 2017 Highlights(1) Previous Outlook Issued on October 18, 2017 Reported Results ($ in millions) Site Rental Revenues Adjusted EBITDA AFFO $904 $1,051 to $909 $624 to $707 $629 $430 to $512 $435 ↑ $144 ↑ $81 ↑ $79 Previous Q4 2017A Previous Q4 2017A Previous Q4 2017A Q4 2017 Q4 2017 Q4 2017 Outloo
Slide 5: Full Year 2018 Outlook
Full Year 2018 Outlook(1) Previous Outlook Issued on October 18, 2017 Outlook Issued on January 24, 2018 ($ in millions) Site Rental Revenues Adjusted EBITDA AFFO $4,546 $4,582 to to $4,591 $4,627 $3,013 $3,049 to to $3,058 $3,094 $2,219 $2,219 to to $2,264 $2,264 ↑ $36 ↑ $36 No Change Previous Curr
Slide 6: 2018 Outlook for Site Rental Revenue Growth
2018 Outlook for Site Rental Revenue Growth ($ in millions) $4,605 $910-$955 $3,669 ↑ ~$936 / ~26% (1) 2017A Site Rental 2018E Site Rental Revenues Revenues $745-$765 $80-$90 $190-$220 $185-$225 ($95)-($75) ($40)-($20) New Leasing Plus: Less: Organic Less: Change in Plus: Acquisitions, 2018E Activit
Slide 7: 2018 Outlook for AFFO Growth
2018 Outlook for AFFO Growth ($ in millions) 450 400 $255-$275 $360-$400 350 300 250 $185-$225 200 150 ($80)-($50) ($10)-$10 100 ($40)-($20) 50 0 (1) Organic Increase in Change in Other Incremental 2018E Contribution to Site Expenses Network Services Contribution from AFFO Growth Rental Revenues Con