Analyst Coverage & Consensus

Helios Towers plc is covered by research analysts at 10 registered investment research firms: BofA Securities, Barclays, Berenberg, Citi Research, EFG Hermes, Jefferies, J.P. Morgan Cazenove, Numis Securities, Quest (Canaccord Genuity) and 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 8 August 2022. The consensus reflects financial forecasts from all registered investment analysts who have released research including updated financial forecasts within the 6 months prior to the compilation date. Firms contributing to the consensus were: BofA Securities, Barclays, EFG Hermes, Jefferies, J.P. Morgan Cazenove and Numis Securities.

 

(In US$m, unless indicated otherwise)   FY2022     FY2023     FY2024  
Mean High Low Mean High Low Mean High Low
Sites(#) 14,335 14,497 14,150 15,143 15,319 14,898 15,750 16,014 15,563
Tenancies(#) 25,102 25,562 24,783 26,993 27,319 26,506 28,864 29,269 28,457
Revenues 570.3 588.0 543.4 684.0 694.0 668.0 747.5 761.0 732.0
EBITDA(1) 294.8 306.0 277.3 366.2 371.4 359.3 413.4 425.8 407.4

 

(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.