Vantage Towers Ag · HAM:VTWR
Vantage Towers — 9M FY21 Earnings Presentation
16 slides from Vantage Towers's earnings presentation, 2021
Slide 1: "Non-committed" tenancies refers to additional lease-up not committed at Capital Markets Day
- - - - 1 "Non-committed" tenancies refers to additional lease-up not committed at Capital Markets Day
Slide 2: See basis of preparation for further information on pro forma adjustments. Consolidated metrics excl.
2 See basis of preparation for further information on pro forma adjustments. Consolidated metrics excl. co-controlled joint ventures Cornerstone and INWIT 3 Not included within consolidated Vantage Towers performance
Slide 3: Building good commercial momentum
VANTAGE TOWERS Building good commercial momentum At our Capital Markets Day in November 2020, we spoke about our focused independent commercial mindset at Vantage Towers. Combining this with the leading grids we have is proving to be a powerful proposition. A recent example is Ireland, where Eir and
Slide 4: Vodafone and O2 UK sharing agreement, Greece merger, Supervisory Board
VANTAGE TOWERS anchor tenants, Vodafone and 02, which account for 56% of UK subscribers and have an active sharing agreement in place. This followed the completion of the merger of Wind Hellas and Vodafone Greece’s towers in December 2020 which created Vantage Towers Greece, the largest tower compan
Slide 5: Guidance and non-IFRS notes
4 See p.11-14 for definitions of non-IFRS measures and basis of preparation 5 Includes the full estimated impact of the lease term reassessment for FY20PF and 9m FY21PF 6 Reflects impact from completed lease reassessment 7 FY21 guidance on pro forma numbers; excluding the UK 8 Medium term guidance o
Slide 6: INWIT Capital Markets Day notes and dividend
9 As communicated by INWIT at its Capital Markets Day on 5 November 2020; based on INWIT accounting policies 10 No dividend in respect of FY21
Slide 7: Results by market
11 Incl. 100% of Greece 12 Incl. 100% of macro sites from Italy 13 Incl. 100% of macro sites from UK 14 Estimated based on total number of macro sites compared to other market participants
Slide 8: Restated financials
15 Restated mostly for the IFRS 16 lease reassessment and phasing effects following the finalisation of reorganisation
Slide 9: Vantage Towers Consolidated Balance Sheet
VANTAGE TOWERS Vantage Towers Consolidated Balance Sheet Balance sheet (€m) 31-Dec-20 Non-current assets 9,238 Goodwill and intangible assets 3,446 Property, plant and equipment 2,847 Investments in joint ventures 2,918 Deferred tax assets 18 Trade and other receivables 9 Current assets 1,174 Receiv
Slide 10: Financial adjustments, basis of preparation and definitions
16 Adjustments, basis of preparation and definitions described on p.11-14 17 Pass through revenue consists of recovery of business rates passed through to the tenants (FY20PF: £67m, H1 FY21PF: £38m, 9m FY21PF: £56m) and recharged capex revenue (FY20PF: £0m, H1 FY21PF: £0m, 9m FY21PF: £0m) 18 Include
Slide 11: Basis of preparation
VANTAGE TOWERS Basis of preparation Introduction The financial information presented in this announcement sets out certain summary pro forma consolidated financial results for Vantage Towers for the twelve months ended 31 March 2020, the six months ended 30 September 2020 and as of and for the 9 mon
Slide 12: Basis of preparation: demerger dates by market
VANTAGE TOWERS e Vantage Towers S.L.U (“Vantage Towers Spain”) — 1 April 2020; e Vantage Towers GmbH ("Vantage Towers Germany”) — 25 May 2020; e Vantage Towers Limited (“Vantage Towers Ireland”) — 1 June 2020; e Vodafone Towers Portugal S.A. (“Vantage Towers Portugal”) — 16 July 2020; and e Vantage
Slide 13: INWIT financial information basis
VANTAGE TOWERS The financial information presented in respect of INWIT for the 12 months ended 31 March 2020 is directly extracted from the INWIT prospectus dated 10 June 2020, is prepared in accordance with EU-IFRS and with the legal and regulatory provisions in force in Italy (in particular, the m
Slide 14: Cornerstone pro forma results and KPIs
VANTAGE TOWERS The summary pro forma financial results for Cornerstone for the twelve months ended 31 March 2020, the six months ended 30 September 2020 and the 9 months ended 31 December 2020 have been further adjusted for changes to Cornerstone's staff capitalisation methodology that will result i
Slide 15: Glossary
VANTAGE TOWERS Glossary “BTS” “Company” “Consolidated Vantage Towers” “Cornerstone” “DAS” “INWIT” "loT" “Macro sites” “MNO” “MSA” “Passive Infrastructure” “Site” “Small cells” “Tenancy ratio” “TIMS" Vantage Towers AG, build-to-suit arrangements which corresponds to committed new build site programs
Slide 16: Forward-looking statements
VANTAGE TOWERS Forward-looking statements This announcement contains "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995 with respect to the Company’s results of operations, financial condition, liquidity, prospects, growth and strategies. Forwa