Vantage Towers Ag · HAM:VTWR

Vantage Towers — H1 FY23 Earnings Presentation

15 slides from Vantage Towers's earnings presentation, Nov 14, 2022

  1. Slide 1: Vantage Towers AG FY23 Half Year Results

  2. Slide 2: Our H1 FY23 at a glance

    VANTAGE TOWERS Our HI FY23 at a glance \ r \ ys GLBO shows strong progress with over 1,500 contracts and commitments across our footprint since inception \ C >) The commercialization of our business continues with 710 net new tenancies in H1, closing tenancy ratio of 1.45x J ~ Ancillary revenue oppo

  3. Slide 3: On track to meet FY23 guidance - more than half of RFCF guidance delivered

    ra Ontrack to meet FY23 guidance - more than half of RFGF suidance delivered Our H1 FY23 financials at a glance ° Further commercialisation of our business: Net increase of 710 new tenancies in H1 FY23 resulting in a closing tenancy ratio of 1.45x, more than half-way to our medium-term target of >1.

  4. Slide 4: Tenancy ratio at 1.45x - more than halfway to mid-term target

    3 Tenancy ratio at 1.45x - more than halfway to mid-term target Commercial highlights in Q2 FY23 Accelerating a sustainably connected Europe Increasing momentum for indoor coverage solutions : aoreenme onabling high checd * New colocation agreement for our existing m where broadband internet on ship

  5. Slide 5: Progressing the roll-out of new macro sites in Q2

    ria Progressing the roll-out of new macro sites in Q2 Macro sites (in k) + Over 400 new macro sites delivered in H] FY23 vs. 190 in H1 FY22 and 320 in H2 FY22 ( ») In Germany, 260 new sites in H] FY23 AN * Acceleration in Q2 with 260 new sites vs. 140 new sites in QIFY23 We continue to closely manag

  6. Slide 6: Delivered robust top-line growth of 6.0% in H1 FY23

    cuca Delivered robust top-line growth of 6.0% in Hl FY23 Vantage Towers P&L H1 FY23 Comment in€ém HIFY22 HIFY23 YoY in % Group Revenue: — Group Revenue (ex. pass-through) grew 6.0% YoY in H1 FY23, Group Revenue 499.2 533.3 6.8% mainly driven by ‘Macro site’ and ‘Energy and other’ revenue Capex recha

  7. Slide 7: We stay confident to meet FY23 RFCF guidance

    cis We stay confident to meet FV23 REG guidance Vantage Towers P&L H1 FY23 Comment iném HIFY22 HIFY23 YoY in % ecurring Free Cash Flow: Adj. EBITDA 427.4 443.8 3.8% — Recurring Operating Free Cash flow (OpFCF) increased from Capex recharge revenue (6.1) (9.7) CHEE DATE EID CARTON) Cash cost of lease

  8. Slide 8: Consistent development of non-Vodafone revenue up 1.5% YoY in H1 FY23

    7c) Consistent development of our Non-Vodafone revenue up 1.5% Yov in Hl FY23 Group Revenue (ex. pass through) tin em) Comment +6.0% | +5.3% 1 494.1 523.6 248.3 251.5 265.0 262.1 261.5 Q2FY22 HIFY22 Q3FY22 Q4FY22 QIFY23 Q2FY23 HIFY23 Non-Vodafone revenue! (in em) 411.5% 1 STS 1021 2S 1.94 veer 9.9 5

  9. Slide 9: INWIT and Cornerstone delivered on their targets

    Zu (NWT and Cornerstone delivered on their targets INWIT: Cornerstone + INWIT delivered revenues of €417.7m * Cornerstone delivered revenues of €228.9m (50% Lf (33.2% share: €138.7m) and an adj. EBITDAal of share: €114.5m) and an adj. EBITDAaL of €62.8m wa €282.8m (33.2%-share: €93.9m) in H] CY22? (

  10. Slide 10: We reaffirm our guidance

    We reaffirm our guidance Group Revenue (ex. pass through) Consolidated Adj. EBITDAaL (excl. INWIT and Cornerstone) Consolidated RFCF (excl. INWIT and Cornerstone) Dividend Initial leverage FY22 Outcome —S+ 1.44x €1,01lm 54% €415m €319m 3.5x Net Financial Debt/Adj. EBITDAaL. fends from INWIT and Corn

  11. Slide 11: Our H1 FY23 at a glance

    VANTAGE TOWERS Our HI FY23 at a glance \ r \ ys GLBO shows strong progress with over 1,500 contracts and commitments across our footprint since inception \ C >) The commercialization of our business continues with 710 net new tenancies in H1, closing tenancy ratio of 1.45x J ~ Ancillary revenue oppo

  12. Slide 12: Appendix

  13. Slide 13: Key performance indicators by segment

    “ey Key performance indicators by segment ~ \ e © Sone Consolidated Germany Spain Greece Other European Markets €m (unless stated) H1 FY22 H1 FY23 H1 FY22 H1 FY23 H1 FY22 H1 FY23 H1 FY22 H1 FY23 H1 FY22 H1 FY23 Macro sites (#) 19.4k 19.6x 8.6k 8.5k 48k 4.9k 12.8k 13.0k 45.6k 45.9k Tenancy ratio 1.22

  14. Slide 14: Forward-looking statements

    VANTAGE TOWERS Forward-looking statements This presentation contains "forward-looking statements" with respect to Vantage Towers’ results of operations, financial condition, liquidity, prospects, growth and strategies. Forward-looking statements include, but are not limited to, statements regarding

  15. Slide 15: VANTAGE

    VANTAGE TOWERS (EE https://www.vantagetowers.com/investor: px] ir@vantagetowers.com LieTin.Wu@vantagetowers.com 2) Vantage Towers AG Prinzenallee 11-13 40549 Diisseldorf Germany

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