RESULTS FOR THE THREE AND NINE MONTHS ENDED 30 SEPTEMBER 2019

London, 14 November 2019: Helios Towers, Ltd (“Helios Towers” or “the Company”), the independent telecoms tower infrastructure company, today announces results for the three months and nine months to 30 September 2019.

Three months to 30 September 2019

2019

 2018

Change

Revenue (US$m)

97.3

88.1

11%

Adjusted EBITDA (US$m)1

52.5

45.2

16%

Adjusted EBITDA margin (%)1

54

51

+3ppt

Operating profit/(loss) for the period (US$m)

0.1

(3.0)

+3.1m

 

Nine months to 30 September 2019

2019

2018

Change

Revenue (US$m)

288.0

266.2

8%

Adjusted EBITDA (US$m)1

151.5

131.1

16%

Adjusted EBITDA margin (%)1

53

49

+4ppts

Operating profit/(loss) for the period (US$m)

12.7

(5.1)

+17.8m


Financial highlights

  • Q3 2019 is the 19th consecutive quarter of Adjusted EBITDA growth.
  • Q3 2019 revenue increased by 11% year-on-year to US$97.3m (Q3 2018: US$88.1m).
  • Q3 2019 Adjusted EBITDA up 16% year-on-year to US$52.5m (Q3 2018: US$45.2m) with Q3 2019 Adjusted EBITDA margin at 54% (Q3 2018: 51%), up 3ppt. This is the 19th consecutive quarter of Adjusted EBITDA growth.
  • Q3 2019 operating profit increased by US$3.1m to US$0.1m (Q3 2018: US$(3.0)m).
  • Revenue for the 9 months to 30 September 2019 increased by 8% year-on-year to US$288.0m (30 Sep 2018: US$266.2m).
  • Adjusted EBITDA for the 9 months to 30 September 2019 increased by 16% to US$151.5m (30 Sep 2018: US$131.1m) with Adjusted EBITDA margin at 53% (30 Sep 2018: 49%), up 4ppts.
  • Operating profit for the 9 months to 30 September 2019 increased by US$17.8m to US$12.7m (30 Sep 2018: US$(5.1)m).

Operational highlights

  • Increase in tenants of 9% year-on-year to 14,226 tenants (Q3 2018: 13,063 tenancies).
  • Increase in sites of 5% year-on-year to 6,903 total sites (Q3 2018: 6,560 total sites).
  • Tenancy ratio increased by 0.07x to 2.06x (Q3 2018: 1.99x).
  • On 18 October 2019 Helios Towers Plc was admitted to the premium segment of the Official List and trading on the Main Market of the London Stock Exchange (Ticker: HTWS.L).
  • The following new appointments were made to the Plc Board - Sir Samuel Jonah (Chairman), Magnus Mandersson (Senior Independent Director) and Alison Baker (Independent Non-Executive Director). A full list of Non-executive Directors appointed at the time of the Group’s IPO and their biographies can be found after Note 21 of this announcement.

1 For “Adjusted Measures” refer to full definitions in the “certain defined terms and conventions” section of the full announcement.

Kash Pandya, Chief Executive Officer of Helios Towers, said:

“Helios Towers delivered another strong set of results for the third quarter and continued our trend of 19 consecutive quarters of Adjusted EBITDA growth. We continue to focus on driving top-line growth and Adjusted EBITDA performance, leveraging the exciting growth in our sub-Saharan markets, our long term client contracts and a sharp focus on operational excellence. The business is performing in-line with our expectations which gives us confidence in the outlook for the full year.”

Sir Samuel Jonah, Chairman, said:

“The management and the broader Helios Towers’ team have achieved a huge amount in the past quarter. The business has maintained its momentum through the recent IPO process and I would like to congratulate everyone at the Company.

I would also like to take this opportunity publicly to welcome our new shareholders to the business.  Helios Towers has built strong positions in high growth markets. We will continue to invest in the critical mobile and telecoms infrastructure that is so important to our corporate customers, their consumers and the economic development of the African countries in which we operate.”

Investor Relations

Manjit Dhillon

                                         

+44 (0)776 723 7010

 

Media Relations
Edward Bridges / Stephanie Ellis FTI Consulting LLP +44 (0)20 3727 1000

 

Read the full announcement here

About Helios Towers

  • Helios Towers is a leading independent telecommunications tower infrastructure company in Africa, having established one of the continent's most extensive tower portfolios with close to 7,000 towers across five countries. It builds, owns and operates telecom passive infrastructure, providing services to mobile network operators.
  • HT owns and operates more sites than any other operator in each of Tanzania, Democratic Republic of Congo (“DRC”), and Congo Brazzaville. It is also a leading operator in Ghana with a strong urban presence and established a presence in South Africa in 2019.
  • HT pioneered the model in Africa of buying towers that were held by single operators and providing services utilising the tower infrastructure to the seller and other operators. This allows wireless operators to outsource non-core tower-related activities, enabling them to focus their capital and managerial resources on providing higher quality services more cost-effectively.

For further information go to:

www.heliostowers.com

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https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/HTWS/14307494.html

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https://direct.euronext.com/AnnouncementRNSDetails.aspx?id=14307895