Crown Castle Inc. · NYSE:CCI

Crown Castle — Q1 2013 Earnings Presentation

7 slides from Crown Castle's earnings presentation, Apr 25, 2013

  1. Slide 1: First Quarter 2013 Earnings Conference Call

    First Quarter 2013 Earnings Conference Call April 25, 2013

  2. Slide 2: Cautionary Information

    Cautionary Information This presentation contains forward-looking statements and information that are based on management’s current expectations. Such statements may include projections, Outlook and estimates regarding (i) new leasing activity and application volume, including the impact on our resu

  3. Slide 3: Executive Summary

    Executive Summary  Exceeded Q1 2013 Outlook for site rental revenue, site rental gross margin, Adjusted EBITDA and AFFO  Raised full-year 2013 Outlook for site rental revenue, Adjusted EBITDA, and AFFO  Completed significant portions of integration activities related to the T-Mobile tower acquisi

  4. Slide 4: Q1 2013 Highlights

    Q1 2013 Highlights ($ in millions, except per share amounts) Site Rental Revenues $615 $498  AFFO per share increased 45% from Q1 2012 $456 $407  Contribution from services gross margin increased $345 $368 ↑24% two-fold year-over-year 12% CAGR  Site rental revenue benefitted from $4 million of no

  5. Slide 5: Capital Expenditure Summary

    Capital Expenditure Summary Q1 2013 Capital Deployment  Land purchase program ($ in millions) Acquisitions $12.8 – 75% of site rental gross margin is generated on land owned or Share Purchases $23.6 controlled for 20+ years Sustaining Capex $6.9 – 37% of site rental gross margin Land Purchases $16.

  6. Slide 6: Full Year 2013 Outlook

    Full Year 2013 Outlook ($ in millions, except per share amounts) Site Rental Revenues $2,470  More than 2 times increase in application volume by to revenue during Q1 2013 compared to Q1 2012 $2,480 $2,124  Outlook assumes increase in repairs and maintenance $1,701 $1,854 $1,403 $1,543 of $3 milli

  7. Slide 7: Full Year 2013 Outlook (cont'd)

    Full Year 2013 Outlook (cont’d) ($ in millions) AFFO 2013 Investment Capacity  Available for investments, including: – Share purchases ~$400 – Small cell builds to – Acquisitions ~$500 – Land purchases $1,126 $1,126 to to $1,136 $1,136 $886 ~$600 $737 to ~$700 2011 2012 2013E AFFO Guidance Projecte

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