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Helios Towers Africa, Continued Momentum in First Quarter: Strong Year-on-Year Increases in Revenue and EBITDA

Press Release – 19 May 2017

Helios Towers Africa, the independent telecoms tower infrastructure company, announces unaudited results for the first quarter ended 31 March 2017.

Financial highlights

• Q1 revenue up 39.9% year-on-year to US$83.0 million (Q1 2016: US$59.4 million)
87% of revenue from investment grade or near investment grade customers

• Q1 adjusted EBITDA up 71.3% year-on-year to US$27.5 million (Q1 2016: US$16.1 million)

• Q1 adjusted EBITDA margin up 22.5% year-on-year to 33.1% (Q1 2016: 27.0%)

• Cash and cash equivalents of US$288.8 million as at 31 March 2017 (31 December 2016: US$133.7 million). Supplemented by successful US$600 million Bond issuance in March 2017

• Net debt of US$323.2 million as at 31 March 2017 (31 December 2016: US$267.4 million)


Operational highlights

• Increase in tower sites of 19.3% year-on-year to 6,507 sites (Q1 2016: 5,454 sites)

• Increase in tenancies of 22.7% year-on-year to 12,383 sites (Q1 2016: 10,089 tenancies)

• Improved tenancy ratio of 1.90x (Q1 2016: 1.85x)


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

“Our strong financial and operational performance in 2016 has continued into the first quarter of 2017, with impressive results in our key metrics. Revenue and EBITDA have recorded 39.9% and 71.3% increases respectively. Operationally, we have more tower sites, more tenancies and an improved tenancy ratio.

“Our operational focus on ‘business excellence’ is improving our service level performance and we also recently issued a US$600m Bond. This has added greater strength to our balance sheet and shows our strategy is appreciated as the right one.”


About HTA:

• HTA is a leading independent tower company in Africa, having established one of Africa’s most extensive tower networks with more than 6,500 towers in four markets. HTA builds and manages telecom passive infrastructure, leasing it to operators across the continent.
• HTA are the sole independent telecommunications tower infrastructure company, and own and operate more tower sites than any other operator in each of Tanzania, Democratic Republic of Congo, or DRC, and Congo Brazzaville. We are also a leading operator in Ghana with a strong urban presence.
• The company pioneered the sale-leaseback model in Africa, buying towers that were held by single operators and leasing them back to the seller and other operators. Allowing 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.
• Investors in HTA include: Helios Investment Partners, Quantum Strategic Partners, Albright Capital Management LLC, RIT Capital Partners Plc, the International Finance Corporation and Millicom International Cellular.

• For further information go to:
www.heliostowersafrica.com

• To view the quarterly report go to:
http://www.rns-pdf.londonstockexchange.com/rns/6601F_-2017-5-19.pdf

The information in this press release is for journalists and media professionals and should not be relied on by other persons. It does not constitute an invitation to underwrite, subscribe for, or otherwise acquire or dispose of any securities in the company. The information provided contains certain forward-looking statements with respect to the financial condition, results, operations and businesses of the company. These statements and forecasts involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements and forecasts. Past performance is no guide to future performance. Unless otherwise required by applicable law, regulation or accounting standard, we do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.