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IHS (IHS) - 2023 Q4 - Annual Report
2024-03-12 18:37
Exhibit 99.1 FOR IMMEDIATE RELEASE IHS HOLDING LIMITED REPORTS FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL RESULTS CONSOLIDATED HIGHLIGHTS – FOURTH QUARTER 2023 ● Revenue of $509.8 million decreased 3.1% (or increased 48.4% organically) reflecting a $271.8 million year-on-year foreign exchange (“FX”) headwind largely as a result of the 75.3% devaluation of the Nigerian Naira (“NGN”) when comparing the fourth quarter, 2023 to the fourth quarter, 2022 average FX rate ● Adjusted EBITDA of $274.2 million (53.8% ...
IHS (IHS) - 2023 Q3 - Earnings Call Transcript
2023-11-15 02:00
财务数据和关键指标变化 - 公司在第三季度的收入和调整后EBITDA与预期基本一致,尽管受到了尼日利亚货币大幅贬值的影响 [9][27][34] - 第三季度收入同比下降10.4%,调整后EBITDA同比下降15.5%,主要受到尼日利亚货币贬值的影响 [27][34] - 第三季度调整后EBITDA利润率为49.7%,较上年同期下降 [34] - 第三季度资本支出下降近40%,主要由于尼日利亚和撒哈拉以南非洲地区的资本支出下降 [40] - 公司的合并净负债率为3.2倍,仍在3-4倍的目标区间内 [30][58] 各条业务线数据和关键指标变化 尼日利亚业务 - 第三季度尼日利亚业务收入同比下降24%,但有36%的有机增长 [45][46] - 尼日利亚业务的塔台数量下降3%,租户数量增加0.3% [46] - 尼日利亚业务的调整后EBITDA同比下降近25%,利润率为58.2% [47] 撒哈拉以南非洲业务 - 第三季度该地区塔台数量和租户数量分别增长1.6%和2.7% [48] - 该地区收入增长16%,有机增长21% [48] - 该地区调整后EBITDA增长4.4%,利润率为49.7% [48] 拉丁美洲业务 - 第三季度该地区塔台数量和租户数量分别增长6.6%和5.2% [50] - 该地区收入和调整后EBITDA分别增长23%和27% [50] - 该地区调整后EBITDA利润率为73.6% [50] 中东北非业务 - 第三季度该地区塔台数量和租户数量分别增长10.1%和10.6% [52] - 该地区收入增长13%,有机增长7.4% [52] - 该地区调整后EBITDA增长35%,利润率为50.2% [52] 各个市场数据和关键指标变化 尼日利亚市场 - 尼日利亚政府新任央行行长的任命和最近清理约10亿美元外汇积压的消息是积极信号,但仍需要政府采取更多措施 [16][42][43] - 公司在尼日利亚的业务经历过多次大幅货币贬值,但每次都能在随后几个季度恢复增长 [17][18] - 尼日利亚的实际GDP增长率为2.3%,通胀率为26.7% [44] 巴西市场 - 巴西央行连续三次降息,利率下降 [19] - 公司在巴西的塔台建设计划正按目标进行,第三季度新建294座塔台 [19] - 公司在巴西进行了当地债券融资,以更好地匹配当地货币收入 [19] 南非市场 - 尽管负荷调峰情况有所改善,但公司仍在评估其电力托管服务业务 [20] 公司战略和发展方向及行业竞争 - 公司将更加注重现金流的生成,并将在2024年进一步提高运营效率和降低成本 [11][14][15] - 公司将继续评估和优化资产组合,集中资本投入到高增长的核心市场 [15] - 公司认为目前移动运营商之间塔台资产转移的实际操作难度很大,不太可能在短时间内大规模实现 [67][87][88][89] - 公司正在与主要股东温德尔和MTN集团保持建设性对话,寻求共同利益的解决方案 [24][78][79] 管理层对经营环境和未来前景的评论 - 尽管面临宏观经济挑战,但公司业务仍保持良好的有机增长,第三季度有30.6%的有机增长 [9][11] - 公司有信心能够克服尼日利亚货币贬值的影响,并在未来几个季度恢复增长 [17][18] - 公司将维持2023年的收入、调整后EBITDA和资本支出指引,预计第四季度收入将有明显的环比增长 [13][59] - 公司将在2024年进一步提高运营效率和现金流生成能力,并将资本投入集中在高增长的核心市场 [14][15] 问答环节重要的提问和回答 问题1 **Greg Williams 提问** 询问MTN向美国塔铁转移2,500个塔台的影响 [63] **Sam Darwish 回答** - 即使MTN成功转移这些塔台,对公司整体业务也不会造成重大影响,这些塔台只占公司总塔台数的4%左右 [65][66] - 公司在其他市场的续约谈判中处于有利地位,因为缺乏可靠的替代选择 [67] - 实际上在美国,AT&T在两年半内只转移了5-6百个塔台,而在尼日利亚这样的市场要在一年内转移2,500个塔台是非常困难的 [69][70][71] 问题2 **Phil Cusick 提问** 询问尼日利亚业务合同重置对未来几个季度收入的影响 [75] **Sam Darwish 和 Steve Howden 回答** - 超过93%的尼日利亚合同是按季度重置,部分合同是按上季度平均汇率重置,这将在第四季度体现 [77][78] - 根据公司的全年指引,第四季度尼日利亚业务的调整后EBITDA有望达到259百万美元,较第三季度的232百万美元有明显增长 [78] 问题3 **Michael Rollins 提问** 询问公司提高股东价值的总体目标和原则 [94] **Sam Darwish 和 Steve Howden 回答** - 公司正在采取多方面措施,包括优化资本支出、解决与主要股东的分歧、提高股票交易流动性等,以期提升股价和股东价值 [96][97][98][99][100][101][102] - 但这需要平衡处理全球宏观环境、尼日利亚业务集中度、客
IHS (IHS) - 2023 Q3 - Earnings Call Presentation
2023-11-15 01:59
3Q23 Earnings Results DISCLAIMER Forward-LookingInformation Thispresentationcontainsforward-lookingstatements.Weintendsuchforward-lookingstatementstobecoveredbyrelevantsafeharborprovisionsforforward-lookingstatements(ortheirequivalent)ofanyapplicablejurisdiction,includingthosecontainedinSection27A oftheSecuritiesActof1933,asamended(the“SecuritiesAct”),andSection21EoftheSecuritiesExchangeActof1934,asamended(the“ExchangeAct”).Allstatementsotherthanstatementsofhistoricalfactscontainedinthispresentationmaybefor ...
IHS (IHS) - 2023 Q3 - Quarterly Report
2023-11-14 19:03
Table of Contents Exhibit 99.1 TABLE OF CONTENTS Page PART I —FINANCIAL INFORMATION Item 1. Financial Statements 7 Condensed Consolidated Statement of Loss and Other Comprehensive Income/(Loss) (Unaudited) 8 Condensed Consolidated Statement of Financial Position (Unaudited) 9 Condensed Consolidated Statement of Changes in Equity (Unaudited) 10 Condensed Consolidated Statement of Cash Flows (Unaudited) 11 Notes to the Unaudited Condensed Consolidated Interim Financial Statements 12 Item 2. Management’s Discu ...
IHS (IHS) - 2023 Q2 - Earnings Call Presentation
2023-08-16 01:25
Towers of strength 2Q23 Earnings Results August 15, 2023 DISCLAIMER Forward-Looking Information This presentation contains forward-looking statements. We intend such forward-looking statements to be covered by relevant safe harbor provisions for forward-looking statements (or their equivalent) of any applicable jurisdiction, including those contained in Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Excha ...
IHS (IHS) - 2023 Q2 - Earnings Call Transcript
2023-08-16 01:22
IHS Holding Limited (NYSE:IHS) Q2 2023 Earnings Conference Call August 15, 2023 8:30 AM ET Company Participants Colby Synesael - Executive Vice President, Communications Sam Darwish - Chairman and CEO Steve Howden - Chief Financial Officer Conference Call Participants Bora Lee - RBC Capital Markets Phil Cusick - JPMorgan Greg Williams - TD Cowen Eric Luebchow - Wells Fargo Michael Rollins - Citi Brett Feldman - Goldman Sachs Stella Cridge - Barclays Operator Thank you for standing by. And welcome to the IHS ...
IHS (IHS) - 2023 Q1 - Earnings Call Transcript
2023-05-24 01:34
IHS Holding Ltd. (NYSE:IHS) Q1 2023 Results Conference Call May 23, 2023 8:30 AM ET Company Participants Colby Synesael - EVP, Communications Sam Darwish - Chairman & Group CEO Steve Howden - EVP & Group CFO Conference Call Participants Philip Cusick - JPMorgan Chase & Co. Gregory Williams - TD Cowen Brett Feldman - Goldman Sachs Group Michael Rollins - Citigroup Bora Lee - RBC Stella Cridge - Barclays Bank Operator Good day, and welcome to the IHS Holdings Limited Earnings Results Call for the three-month ...
IHS (IHS) - 2023 Q2 - Quarterly Report
2023-05-23 18:03
Table of Contents Exhibit 99.1 TABLE OF CONTENTS Page PART I —FINANCIAL INFORMATION Item 1. Financial Statements 7 Condensed Consolidated Statement of Loss and Other Comprehensive Income/(Loss) (Unaudited) 8 Condensed Consolidated Statement of Financial Position (Unaudited) 9 Condensed Consolidated Statement of Changes in Equity (Unaudited) 10 Condensed Consolidated Statement of Cash Flows (Unaudited) 12 Notes to the Unaudited Condensed Consolidated Interim Financial Statements 13 Item 2. Management’s Discu ...
IHS (IHS) - 2022 Q4 - Earnings Call Transcript
2023-03-30 21:03
IHS Holding Ltd (NYSE:IHS) Q4 2022 Earnings Conference Call March 28, 2023 8:30 AM ET Company Participants Colby Synesael - EVP, Communications Sam Darwish - Chairman & Group CEO Steve Howden - EVP & Group CFO Conference Call Participants Philip Cusick - JPMorgan Chase & Co. Michael Rollins - Citigroup Gregory Williams - TD Cowen Brett Feldman - Goldman Sachs Group Eric Luebchow - Wells Fargo Securities Stella Cridge - Barclays Bank Operator Good day, and welcome to the IHS Holdings Limited Earnings Results ...
IHS (IHS) - 2022 Q4 - Annual Report
2023-03-28 18:20
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SE ...