Analyst Coverage & Consensus

Helios Towers plc is covered by research analysts at 11 registered investment research firms: BofA Securities, Barclays, Berenberg, Citi Research, EFG Hermes, Jefferies, J.P. Morgan Cazenove, Numis Securities, Renaissance Capital, Quest (Canaccord Genuity), Standard Bank.

These forecasts are not endorsed by Helios Towers plc, nor does Helios Towers plc assume any obligation to update or revise the consensus to reflect circumstances arising after the date below.

This consensus has been compiled by Helios Towers plc as of 24 August 2021. The consensus reflects financial forecasts from all registered investment analysts who have released research including updated financial forecasts within the 3 months prior to the compilation date. Firms contributing to the consensus were: Barclays, Berenberg, BofA Securities, Jefferies and Numis Securities.

(In US$m, unless indicated otherwise)   FY2021     FY2022  
Mean High Low Mean High Low
Sites(#) 10,545 13,262 9,226 14,783 15,146 14,299
Tenancies(#) 19,938 23,455 18,213 26,028 26,581 25,228
Revenues 452.9 458.3 447.9 653.3 672.0 631.0
EBITDA(1) 245.1 247.6 240.1 355.5 361.5 349.0

(1)Adjusted EBITDA is defined as loss for the period, adjusted for tax expenses, finance costs, gain/(loss) on derivative financial instruments, interest receivable, loss on disposal of property, plant and equipment, amortisation of intangible assets, depreciation and impairment of property, plant and equipment, depreciation of right-of-use assets, recharged depreciation, deal costs, share-based payments and long-term incentive plan charges, and exceptional items. Exceptional items are material items that are considered exceptional in nature by management by virtue of their size and/or incidence.