EQS News: EuroTeleSites achieved sales of EUR 63.9 m and an EBITDAaL margin of 56.6% in Q1/2024

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EQS News: EuroTeleSites achieved sales of EUR 63.9 m and an EBITDAaL margin of 56.6% in Q1/2024

EQS-News: EuroTeleSites AG / Keyword(s): Quarterly/Interim Statement EuroTeleSites achieves sales of EUR 63.9 m and an EBITDAaL margin of 56.6% in Q1/2024 April 16, 2024 / 7:02 p.m. CET/CEST For The issuer/publisher is responsible for the content of the message. ══════════════════════════════════════════════════ ════════════════════════ Highlights • Sales amounted to 63.9 mEUR, targeted growth according to plan • EBITDA of 54.4 mEUR and EBITDA Margin of 85.1% • EBITDAaL of 36.2 mEUR and EBITDAaL margin of 56.6%, compared to 55.7% at the end of 2023 • CAPEX of 12.6 mEUR, driven by the mandatory modernizations of the Locations • Completion of 49 cell towers and onboarding of 53 third-party partners at existing locations. A total of 13,496 Makro locations • “The solid performance in the first quarter of 2024 reflects our growth model that we presented when we were listed on the Vienna Stock Exchange last year,” says General Director Ivo Ivanovski. All documentation on the results can be found at the following link: ( 1) https://eurotelesites.com/investor-relations/

+(2)Data Book +(3)Result Presentation The investor call will take place on April 17th at 08:00 GMT or 10:00 CEST. EuroTeleSites, a leading provider of telecommunications infrastructure and solutions in the CEE region and Europe’s third largest listed tower company, recorded revenues of EUR 63.9m and an EBITDAaL margin of 56.6%; both metrics are in line with the company’s 2024 goals. While overall economic activity remained subdued in the first three months of 2024, EuroTeleSites attracted 84 new tenants across all markets, including 53 third-party partners from various industries and business areas. The company now operates 13,496 sites across the six markets, compared to 13,465 at year-end 2023. Despite quarterly fluctuations in construction activity, EuroTeleSites completed 49 new sites in the first quarter of 2024 and invested approximately 14% of CAPEX. The company invested the majority of the CAPEX for the mandatory radio tower upgrades for the Anchor Tenant A1. This resulted in a total CAPEX of EUR 12.6 million and a CAPEX ratio of 19.7%, in line with the company’s business plans. “Our solid performance in the first quarter of 2024 reflects our growth model that we presented when listing on the Vienna Stock Exchange last year,” said General Director Ivo Ivanovski. “We are well positioned to benefit from improved economic activity and faster digitalization in to benefit all industries in our region. I am particularly pleased that we have managed to bring 84 new tenants on board in our six markets, which underlines our attractive offer for our customers.” The reporting period was marked by several milestones. A highlight was the acquisition of a 3.6 GHz and a 26 GHz spectrum in Austria by the three mobile network operators A1, Magenta and Hutchison. In the medium term, the new frequency spectrum could have a positive impact on data growth and demand for locations. In addition, the mandatory modernizations and new locations for the anchor tenant A1 are on schedule. Financial Results The Company’s business model, driven by increased data demand, resulted in stable performance across all key metrics in the first quarter of 2024. This is reflected in sales of EUR 63.9 million and EBITDAaL of EUR 36.2 million. Both figures correspond to expectations and target margins. The EBITDAaL margin of 56.6% (year-end 2023: 55.7%) is at a level that demonstrates the company’s high profitability. “We have continued the good momentum with which we started as an independent company and further expanded our growth potential,” said CFO Lars Mosdorf. “We have entered into agreements with new tenants and third-party partners, resulting in a stable occupancy rate of 1.23x with a higher number of locations, allowing us to maintain our outlook for our business unchanged. For the full year we expect revenue growth of around 5% %.” EuroTeleSites expects an annual growth rate in revenues of 4% to 6%, targets a CAPEX ratio of 20% of revenues and plans to further increase its rental ratio from the current 1.23x. In addition, the company will pursue business opportunities outside the MNO -Explore the area, develop an ESG strategy to prepare for CSRD compliance and work towards completing the installation of digital asset management software by the end of the year ══════════════════════════════════════════════════ ═════════════ 04/16/2024 CET/CEST Publication of a corporate news/financial news, transmitted by EQS Group AG. www.eqs.com