Group 1 - IHS Holding reported a quarterly loss of $0.61 per share, significantly worse than the Zacks Consensus Estimate of $0.11, marking an earnings surprise of -654.55% [1] - The company posted revenues of $420.28 million for the quarter ended September 2024, exceeding the Zacks Consensus Estimate by 1.88%, but down from $467.02 million year-over-year [2] - IHS Holding shares have declined approximately 39.8% year-to-date, contrasting with the S&P 500's gain of 25.8% [3] Group 2 - The earnings outlook for IHS Holding is mixed, with the current consensus EPS estimate for the upcoming quarter at $0.11 on revenues of $413.74 million, and for the current fiscal year at -$4.82 on revenues of $1.68 billion [7] - The Communication - Infrastructure industry, to which IHS Holding belongs, is currently ranked in the top 35% of over 250 Zacks industries, indicating a favorable outlook compared to lower-ranked industries [8]

Revenue Performance - The company reported a significant increase in contracted revenue, with a total of $1.5 billion expected from key customers over the next five years[10]. - Revenue for the three months ended September 30, 2024, was $420,282,000, a decrease of 10.0% from $467,023,000 in the same period of 2023[38]. - Revenue for the nine months ended September 30, 2024, was $1,273,403,000, down 21.2% from $1,615,755,000 in the same period of 2023[38]. - The company has secured new agreements with MTN Nigeria, which are projected to enhance financial performance by approximately $15 million annually[2]. - Revenue from Customer A represented 62% of total revenue for the three months ended September 30, 2024, while Customer B accounted for 14%, indicating a slight decrease from 63% and 14% respectively in the same period of 2023[89]. Operating Expenses and Income - Operating expenses rose by 10% year-over-year, primarily due to increased diesel costs and maintenance expenses[5]. - Operating income for the three months ended September 30, 2024, was $125,787,000, compared to $13,627,000 in the same period of 2023[38]. - Total cost of sales for the three months ended September 30, 2024, was $201,745,000, down from $358,883,000 in the same period of 2023, with significant reductions in power generation costs and depreciation[91]. - Administrative expenses for the three months ended September 30, 2024, totaled $93,835,000, compared to $347,558,000 for the same period in 2023, reflecting a decrease in staff costs and impairment of withholding tax receivables[95]. Financial Position - Total assets as of September 30, 2024, were $4,571,232,000, down from $5,364,710,000 as of December 31, 2023[42]. - Total liabilities as of September 30, 2024, were $4,837,196,000, compared to $5,017,356,000 as of December 31, 2023[42]. - Cash and cash equivalents as of September 30, 2024, increased to $397,499,000 from $293,823,000 as of December 31, 2023[42]. - Total equity as of September 30, 2024, was $206,477,000, a decrease from $464,345,000 as of September 30, 2023, reflecting a decline of approximately 56%[44]. Losses and Impairments - Loss for the period for the three months ended September 30, 2024, was $205,703,000, a decrease from $268,804,000 in the same period of 2023[38]. - The company reported a loss for the period of $1,878,540,000 for the nine months ended September 30, 2024, compared to a loss of $1,523,021,000 for the same period in 2023, indicating an increase in losses of approximately 23%[44]. - The impairment of property, plant, and equipment, and intangible assets excluding goodwill for the nine months ended September 30, 2024, was $87,894,000[131]. Strategic Initiatives - A strategic review is underway to enhance productivity and reduce costs, with an estimated savings target of $50 million annually[2]. - Future acquisitions are being considered to expand market presence, particularly in emerging markets[2]. - The company plans to invest $200 million in new technology and infrastructure development over the next two years[10]. - The company is focused on expanding its operations in emerging markets, including recent investments in the Middle East and Latin America[154]. Sustainability and Efficiency - The company aims to reduce diesel consumption by 30% as part of its sustainability initiatives, integrating solar solutions into its operations[3]. - The demand for Colocation and Lease Amendments is driven by MNOs' needs for greater network coverage and density due to capacity constraints and subscriber demand for wireless services[177]. - Maintenance capital expenditure is necessary for optimal operation of the tower portfolio, including repairs and replacements of equipment, which may decrease with improved grid availability[197]. Debt and Financing - The Group's total borrowings as of September 30, 2024, were $3.53 billion, with a fair value of $3.50 billion, indicating a slight increase from $3.22 billion in December 2023[74]. - The company drew down €56.1 million (approximately $62.6 million) and XOF 7,109.0 million (approximately $12.1 million) under the CIV (2023) Term Loan in February 2024, primarily for prepaying existing borrowings[119]. - In March 2024, the company entered into a $270.0 million loan agreement with Standard Chartered Bank, which is scheduled to terminate in March 2026[122]. Currency and Foreign Exchange - The impact of currency fluctuations, particularly the devaluation of the Nigerian Naira, is expected to affect financial results, with potential losses estimated at $10 million[3]. - The Group's assessment of foreign exchange rates includes the USD/NGN rate published by Bloomberg for transactions in Nigerian subsidiaries[67]. - The company monitors foreign exchange rates for translating financial results, which can impact reported revenue due to fluctuations in local currencies[191].

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Financial Data and Key Metrics Changes - Revenue increased by 4% quarter-over-quarter and adjusted EBITDA increased by 35% from Q1 2024, despite a reported year-over-year revenue decline of 20% due to Naira devaluation [7][18] - Adjusted EBITDA margin improved to 57.6%, up 550 basis points year-over-year and 1,330 basis points from the previous quarter [24] - CapEx decreased by 73% year-over-year, reflecting a strategic focus on cash generation and high-return projects [18][25] Business Line Data and Key Metrics Changes - In Nigeria, revenue decreased by 26% year-over-year on a reported basis, but organic growth was 105% driven by FX resets and escalations [27] - Sub-Saharan Africa segment saw a revenue decrease of 12.3%, but adjusted EBITDA increased by 21.5% due to lower maintenance costs [28] - LatAm segment experienced a revenue decrease of 3.9%, with organic growth of 1.5% despite negative FX movements [29] Market Data and Key Metrics Changes - The average ForEx rate for the U.S. dollar to the Naira was NGN1,392 during the quarter, with the Naira closing at NGN1,597 on August 9, 2024 [8][15] - Data usage in Nigeria reportedly increased by over 50% year-on-year, indicating strong demand for mobile connectivity [51] Company Strategy and Development Direction - The company is focused on unlocking shareholder value through governance improvements and strategic contract renewals, particularly with MTN [12][14] - A target of raising $500 million to $1 billion is set for debt reduction and potential shareholder returns [13][40] - The introduction of power indexation in contracts is expected to stabilize margins and reduce operational risks [20][48] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the stabilization of the Nigerian ForEx market and the potential for increased dollar availability [15] - The company anticipates strong performance in KPIs for the remainder of the year, driven by healthy underlying trends [8] Other Important Information - The company completed the sale of its Peru subsidiary to SBA Communications on April 30, 2024, and remains committed to growth in Brazil [16] - The balance sheet remains a priority, with $746 million of available liquidity reported at the end of the quarter [14][31] Q&A Session Summary Question: Overall new lease activity in Nigeria and broader Africa - Management noted strong fundamental growth characteristics, with significant colocation and lease amendment activity driven by the African portfolio [35] Question: Asset sale discussions - Discussions are ongoing regarding asset sales, with a target of raising $500 million to $1 billion within a 12-month timeline [37][40] Question: Strategic review and shareholder value - The strategic review is focused on various opportunities to create shareholder value, including governance improvements and contract renewals [40][42] Question: Organic growth in LatAm and impact of Oi judicial recovery - Organic growth in LatAm is strong, with a 12-13% growth rate when excluding Oi revenue, which has been removed from the financials [45][46] Question: Nigerian EBITDA trajectory and moving parts - Management highlighted the impact of the Q1 Naira devaluation on revenue and earnings, with expectations for a more stable run rate moving forward [57][58] Question: Densification and market technology cycles - Differences in market technology cycles were noted, with Nigeria and South Africa at different stages of 5G rollout [60] Question: CapEx guidance - CapEx guidance remains at $300 million to $370 million, with a slight step-up expected in the second half of the year [61]

IHS TOWERS 2Q24 EARNINGS RESULTS AUGUST 13, 2024 DISCLAIMER 2 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 "Exchange Ac ...

IHS Holding (IHS) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.13 per share. This compares to loss of $0.27 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -69.23%. A quarter ago, it was expected that this telecommunications infrastructure company would post earnings of $0.04 per share when it actually produced a loss of $0.07, delivering a surprise of -275%. Over the last fou ...

Table of Contents Page PART I — FINANCIAL INFORMATION Item 1. Interim Financial Statements 8 Exhibit 99.1 TABLE OF CONTENTS | --- | |--------------------------------------------------------------------------------------------| | Condensed Consolidated Statement of Loss and Other Comprehensive (Loss)/Income (Unaudited) | | Condensed Consolidated Statement of Financial Position (Unaudited) | | Condensed Consolidated Statement of Changes in Equity (Unaudited) | | Condensed Consolidated Statement of Cash Flows ...

IHS Holding Limited (NYSE:IHS) Q1 2024 Earnings Conference Call May 14, 2024 8:30 AM ET Company Participants Colby Synesael - Executive Vice President, Communications Sam Darwish - Chairman & Chief Executive Officer Steve Howden - Chief Financial Officer Conference Call Participants Richard Jones - JPMorgan Michael Rollins - Citi Jon Atkin - RBC David Lopes - New Street Research Stella Cridge - Barclays Operator Good day, and welcome to the IHS Holding Limited First Quarter 2024 Earnings Results Call for th ...

IHS TOWERS 1Q24 EARNINGS One of the world's largest independent and multinational owners, operators, and developers of shared communications infrastructure • Capitalize on significant growth opportunities in existing markets • Consolidate towers globally in new and existing markets • Drive attractive profitability and returns to shareholders 5 IHS GLOBAL TOWER PORTFOLIO In 1Q24, we built +216 towers including +158 in Brazil 3rd Largest Independent Multinational TowerCo Globally By Tower Count (1) 6 • The re ...

Table of Contents CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This Form 6-K 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 "Exchange Act"). All statement ...