Analysts' Consensus

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 01 September 2020 from forecasts provided by 7 registered investment analysts. Firms contributing to the consensus were: Jefferies, Bank of America, Standard Bank Group, EFG Hermes, Renaissance Capital, Barclays and Numis Securities.

(In US$m, unless indicated otherwise)   FY2020     FY2021  
Mean High Low Mean High Low
Sites(#) 7,564 8,274 7,299 8,868 10,115 7,664
Tenancies(#) 15,861 16,400 15,641 18,044 19,138 17,142
Revenues 423.2 433.2 413.1 480.3 524.0 444.6
EBITDA(1) 232.1 239.1 224.0 272.1 293.5 258.0
Capex 118.9 138.8 100.0 205.5 327.3 89.0

(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.