Helios Towers plc (HTWS) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi everyone and welcome to the Helios Sales 2024 earnings call. I hope you and your families are all doing well and thank you very much for your time today. So I'm Tom Greenwood, Group CEO and we're very excited to be here discussing our 2024 results which included record tenancy additions and strong organic top line and bottom line growth. 2024 marks a pivotal point in the Helios Towers evolution where we move into a surplus free cash flow phase of our journey. Our rigorous capital allocation framework is serving us well. First, we invest capex in high return projects to deliver this organic growth. Second, we optimize our balance sheet with the appropriate level of financial leverage And what we saw over 2024 is that Helios Towers now has the scale in our business model where recurring surplus free cash flow will be generated with an improvement of $100 million over the course of the year to report $19 million of free cash flow for the full year. Our capital allocation framework will remain firmly in place, investing and continuing this organic growth, but with rising returns on our capital, The surplus free cash flow will grow, and so we will move our capital allocation framework focus to the third bucket, that of shareholder return. You will hear more on this topic as the year progresses, and I look forward to discussing this more with you, our shareholders, through the course of this year. So moving to page two, we've got the usual lineup for you of me, Tom, Manjit, and Chris. And as we see on page three, we'll cover the business, strategic and financial highlights and then be open for Q&A at the end. Now, first of all, I'd like to say a huge thank you and well done to all of our people, partners and customers across the business whose collective efforts have dr...