Key highlights (Q1 2020)
Financial highlights
- Q1 2020 Group revenue increased by 9% year-on-year to US$101.8m (Q1 2019: US$93.7m) driven by the continued growth in the number of sites and tenancies across the Group.
- Q1 2020 Group revenue increased by 2% quarter-on-quarter to US$101.8m (Q4 2019: US$99.8m).
- Q1 2020 Group revenue increased by 2% quarter-on-quarter to US$101.8m (Q4 2019: US$99.8m).
- Q1 2020 Adjusted EBITDA increased by 11% year-on-year to US$54.0m (Q1 2019: US$48.8m), reflecting both tenancy growth and continued improvements in operational efficiency, with Q1 2020 Adjusted EBITDA margin at 53% (Q1 2019: 52%), up 1ppt.
- Q1 2020 Adjusted EBITDA increased slightly quarter-on-quarter to US$54.0m (Q4 2019: US$53.7m), with Q1 2020 Adjusted EBITDA margin at 53% (Q4 2019: 54%), down 1ppt.
- Q1 2020 Adjusted EBITDA increased slightly quarter-on-quarter to US$54.0m (Q4 2019: US$53.7m), with Q1 2020 Adjusted EBITDA margin at 53% (Q4 2019: 54%), down 1ppt.
- Q1 2020 operating profit increased by 73% year-on-year to US$12.1m (Q1 2019: US$7.0m).
- Q1 2020 operating profit increased by 170% quarter-on-quarter to US$12.1m (Q4 2019: US$17.3m loss).
Operational highlights
- Helios Towers continues to monitor the impact of COVID-19 on its operations and to date there has been no significant operational impact. Mobile infrastructure operators are classified as an 'essential service' in our markets and we continue to operate at our normal high levels of service.
- Increase in tenants of 8% year-on-year to 14,677 tenants (Q1 2019: 13,600 tenants). Q1 2020 tenancy number increased by +86 quarter-on-quarter to 14,677 (Q4 2019 14,591).
- Increase in sites of 4% year-on-year to 6,991 total sites (Q1 2019: 6,716 total sites). Q1 2020 number of sites increased by +17 quarter-on-quarter to 6,991 (Q4 2019 6,974).
- Tenancy ratio increased year-on-year by +0.07x to 2.10x (Q1 2019: 2.03x). Q1 2020 tenancy ratio increased +0.01x quarter-on-quarter to 2.10x (Q4 2019: 2.09x).