Slide 1: Second Quarter 2024 Earnings Conference Call
July 17, 2024 Second Quarter 2024 Earnings Conference Call The pathway to possible. PAGE 1 Second 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 Delivered second quarter results that were in line with expectations as we remain on track to meet our 2024 Outlook, which includes: Asset Overview o 4.5% tower organic growth, >40K Towers o 10% small cell organic growth, excluding the impact of Sprint Cancellations and higher- than
Slide 4: Q2 2024 Results
Q2 2024 Results ($ in millions) Site Rental Revenues Adjusted EBITDA AFFO $1,728 $1,580 $1,188 $1,006 $891 $704 ↓ ($148) / (9%) 4.7% Organic Contribution to Site Rental Billings ↓ ($182) / (15%) ↓ ($187) / (21%) Excluding Impact of Sprint Cancellations(1) Q2 2023 Q2 2024 Q2 2023 Q2 2024 Q2 2023 Q2 2
Slide 5: Full Year 2024 Outlook Remains Unchanged
Full Year 2024 Outlook Remains Unchanged ($ in millions) Site Rental Revenues Adjusted EBITDA AFFO $6,317 to $6,532 $6,362 $4,143 $4,415 to $4,193 $3,005 $3,277 to $3,055 ↓ (3%) YoY ↓ (6%) YoY ↓ (8%) YoY (1) (1) (1) Growth Growth Growth 2023 Current 2023 Current 2023 Current Actuals FY 2024 Actuals
Slide 6: 2024 Outlook for Organic Contribution to Site Rental Billings, Change in Site Rental Revenues
2024 Outlook for Organic Contribution to Site Rental Billings, Change in Site Rental Revenues ($ in millions) $95-$105 $305-$335 $245-$285 ($165)-($145) $70-$110 ($170)-($160) ($10) ($113)-($88) ($183)-($158) ($200)-($160) Core Leasing Plus: Less: Organic Less: Payments Less: Sprint Organic Change i
Slide 7: 2024 Outlook for Change in AFFO
2024 Outlook for Change in AFFO ($ in millions) $245-$285 ($25)-$5 ($70)-($40) $85-$130 ($123)-($78) $0-$10 ($170)-($160) ($10) ($183)-($158) ($265)-($215) Organic Increase in Change in Change in Cash Other(2) 2024E AFFO Payments for Sprint Change in 2024E AFFO Contribution to Expenses Services Inte