Helios Towers PLC · LSE:HTWS
Helios Towers — Investor Day (July 2026)
30 slides from Helios Towers's investor day presentation, Jul 30, 2026
Slide 1: Multi-decade growth runway: connecting people, powering growth
MULTI–DECADE GROWTH RUNWAY 30 JULY 2026 CONNECTING PEOPLE, POWERING GROWTH
Slide 2: Agenda
HELIOS TOWERS MULTI-DECADE GROWTH RUNWAY 2 Agenda Multi-decade growth runway Multi-decade growth runway Tom Greenwood, 1 takeaways CEO How networks need to evolve Marcus Weldon, Senior Technical Advisor to Helios Towers 2 to meet data demand Allan Fairbairn, CTDO & Executive Director, DRC Africa & M
Slide 3: Multi-decade growth runway
MULTI–DECADE GROWTH RUNWAY 30 JULY 2026 MULTI-DECADE GROWTH RUNWAY
Slide 4: Multi-decade growth runway takeaways
HELIOS TOWERS MULTI-DECADE GROWTH RUNWAY 4 Multi-decade growth runway takeaways 01 02 03 Data growth is growing Terrestrial networks have Satellites are exponentially1 a capacity advantage complementary increase in data • Terrestrial networks are forecast to • Satellite will complement terrestrial 6
Slide 5: Africa & Middle East have decades of outsized population and mobile growth ahead
HELIOS TOWERS MULTI-DECADE GROWTH RUNWAY 5 Africa & Middle East have decades of outsized population and mobile growth ahead Unique mobile Population growth1 Smartphone devices3 (FY 25–FY 40) subscribers2 (FY 25–FY 40) (FY 25–FY 40) 33% 43% 82% 12% 23% 5% A&ME RoW A&ME RoW A&ME RoW +0.6bn by 2040 +0.
Slide 6: Data consumption is growing exponentially, with our markets growing at almost double the global rate
HELIOS TOWERS MULTI-DECADE GROWTH RUNWAY 6 Data consumption is growing exponentially, with our markets growing at almost double the global rate Global data consumption1 HT markets data consumption3 (FY 25–FY 40, ZB2) (FY 25–FY 40, indexed) 12x 55 8 1x FY 25 FY 40 FY 25 FY 40 +7x by 2040 +12x by 2040
Slide 7: Our subject matter experts
HELIOS TOWERS MULTI-DECADE GROWTH RUNWAY 7 Our subject matter experts Marcus Weldon Allan Fairbairn Sainesh Vallabh Senior Technical Advisor to Helios Towers Chief Technology & Digital Officer & Chief Commercial Officer Executive Director, DRC Former president of Nokia Bell Labs, the world- Leads Gr
Slide 8: How networks need to evolve to meet data demand
MULTI–DECADE GROWTH RUNWAY 30 JULY 2026 HOW NETWORKS NEED TO EVOLVE TO MEET DATA DEMAND
Slide 9: Keys to wireless (1): spectrum is finite and constrained
HELIOS TOWERS MULTI-DECADE GROWTH RUNWAY 9 Keys to wireless (1): spectrum is finite and constrained WHAT LIMITS COVERAGE RANGE AND USEABLE CAPACITY? AM Radio Cellular Microwave/ Infrared Satellite Path loss Atmosphere Obstacles 103 100 0.01 10 -5 (increases absorbs (buildings, with energy terrain, f
Slide 10: Keys to wireless (2): spectrum and technology specifics for coverage & capacity
HELIOS TOWERS MULTI-DECADE GROWTH RUNWAY 10 Keys to wireless (2): spectrum and technology specifics for coverage & capacity Terrestrial Networks Satellite Networks LOW MID HIGH BAND MILLIMETER Radio waves are transmitted from Earth to BAND BAND (C-BAND) WAVE satellites and back (or between satellite
Slide 11: Keys to wireless (3): there is a minimum beam width and it gets bigger
HELIOS TOWERS MULTI-DECADE GROWTH RUNWAY 11 Keys to wireless (3): there is a minimum beam width and it gets bigger the further away you are Distance Beam width Beam area Application (km)1 (km) (km2) 1 0.04 0.0013 Terrestrial Ø Satellite beam 10 0.5 0.2 Terrestrial capacities may be similar to terres
Slide 12: Applying these physics to London (case study)
HELIOS TOWERS MULTI-DECADE GROWTH RUNWAY 12 Applying these physics to London (case study) Next generation satellites1 beam area is 160km2, meaning …while an estimated 11,000 sites2 today a maximum of 14 beams could fit inside the M25 catering catering for the M25 commuter for c.7,000 users… populati
Slide 13: Two primary architectures will be used to meet data demand and provide global coverage
HELIOS TOWERS MULTI-DECADE GROWTH RUNWAY 13 Two primary architectures will be used to meet data demand and provide global coverage Dense urban and urban environments will Deep rural environments will require require significantly denser networks with more scalable, cost-efficient terrestrial spectru
Slide 14: Our markets are at the beginning of their technology evolution
HELIOS TOWERS MULTI-DECADE GROWTH RUNWAY 14 Our markets are at the beginning of their technology evolution % OF CONNECTIONS IN OUR 9 MARKETS1, 2 ILLUSTRATIVE TOWER DISTANCES3 Tech 2025 2030 2040 24% 3% 0% 2km More tenancies 24% 14% 2% 1-2km More power with each generation 0.5-1km 47% 57% 13% More/ne
Slide 15: Satellites expand the mobile TAM and increase tower demand in rural areas through backhaul
HELIOS TOWERS MULTI-DECADE GROWTH RUNWAY 15 Satellites expand the mobile TAM through global coverage and increase tower demand in rural areas through backhaul Satellites unlock new In denser environments satellites are capacity constrained 1 areas that would otherwise be uncovered 2 so cannot be use
Slide 16: Slide 16
Slide 17: We have a full array of tower, power and digital network solutions
HELIOS TOWERS MULTI-DECADE GROWTH RUNWAY 17 We have a full array of tower, power and digital network solutions to meet the structural growth in demand Towers Power 100 m 10 m 50 m Grid Battery 50 m 25 m Solar Power generators 5m Digital network solutions Lattice 20 m Rooftop Rural/deep In Building O
Slide 18: Africa & Middle East is the fastest growing region globally
MULTI–DECADE GROWTH RUNWAY 30 JULY 2026 AFRICA & MIDDLE EAST IS THE FASTEST GROWING REGION GLOBALLY
Slide 19: Our markets have seen accelerated data consumption growth over recent years
HELIOS TOWERS MULTI-DECADE GROWTH RUNWAY 19 Our markets have seen accelerated data consumption growth over recent years Mobile money Social media growth1 Video data traffic2 (FY 24–FY 25, # new users) (FY 24–FY 25) transactions value3 (FY 25, US$bn) 18% 1,494 >2x more mobile money 14% transactions 1
Slide 20: Increasing data consumption underpins MNOs network investment
HELIOS TOWERS MULTI-DECADE GROWTH RUNWAY 20 Increasing data consumption underpins MNOs network investment Mobile subscriber growth1 ARPU increase ($)2 Capex guidance increase3 (FY 23–FY 26) (FY 23–FY 26) (FY 23–FY 26) +14% +34% +33% Record growth in We have Reflecting this stronger Over the next fiv
Slide 21: Reduction in smartphone costs and shift to newer technologies supports continued data growth
HELIOS TOWERS MULTI-DECADE GROWTH RUNWAY 21 Reduction in smartphone costs and the shift to newer technologies supports continued data growth, largely through mobile Cost of 4G smartphone1 Technology mix2 Global data traffic by source3 ($) (% connections) (ZB) 5% 55 26% 19% 2 47% 20 57% 66% 108 24% 8
Slide 22: Demographics and data consumption will drive mid-single-digit TAM growth for decades
HELIOS TOWERS MULTI-DECADE GROWTH RUNWAY 22 Bringing it together: demographics and data consumption will drive mid-single-digit TAM growth for decades to come A&ME +600m1 65%1 +4%2 Macro increase in below 30 years old real GDP CAGR (FY 25–FY 40) population (+33%) A&ME +800m1 +15%3 +12x4 Mobile more
Slide 23: Unique platform well-positioned to capture a multi-decade growth opportunity
HELIOS TOWERS MULTI-DECADE GROWTH RUNWAY 23 Unique platform well-positioned to capture a multi-decade growth opportunity across our markets Customer value Leading positions #1 Operational excellence proposition #1 in 7/9 99.99% -30% high-growth Power uptime Lower cost1 markets #1 Capital efficiency
Slide 24: Q&A
MULTI–DECADE GROWTH RUNWAY 30 JULY 2026 Q&A
Slide 25: Investor Relations
HELIOS TOWERS MULTI-DECADE GROWTH RUNWAY 25 INVESTOR RELATIONS Upcoming IR IR Contact events Numis dbAccess European TMT Conference 3 September (London) RMB 2026 Annual Off Piste Investor Conference 17 September (Cape Town) RBC 2026 Global Communications Infrastructure 29-30 September Conference (Ch
Slide 26: Appendix
MULTI–DECADE GROWTH RUNWAY 30 JULY 2026 APPENDIX
Slide 27: Operational & Financial highlights
HELIOS TOWERS MULTI-DECADE GROWTH RUNWAY 27 Operational & Financial highlights YoY In US$m, unless otherwise stated H1 26 H1 25 Change Tenancies (#) 34,455 30,617 +13% Tenancy ratio (x) 2.26x 2.11x +0.15x Adj. EBITDA1 257 226 +14% Operating profit 163 133 +22% Return on invested capital (ROIC) (%)1
Slide 28: Market overview – macro & industry snapshot
HELIOS TOWERS MULTI-DECADE GROWTH RUNWAY 28 Market overview – macro & industry snapshot Mobile GB/month Unique mobile PoS Growth Towers held by Credit ratings # MNOs1 Subs CAGR2 CAGR4 Credit ratings6 Penetration2 per Sub3 (FY 25–FY30) (FY 25–FY 30) MNOs5 momentum7 Tanzania 4 47% 2.8 5% 4% 0.7k B1(St
Slide 29: H1 2026: sites and tenancies
HELIOS TOWERS MULTI-DECADE GROWTH RUNWAY 29 H1 2026: sites and tenancies Population Sites Tenancies Tenancy ratio coverage Q2 Q1 Q2 Q2 Q1 Q2 Q2 Q1 Q2 Q2 YoY QoQ YoY QoQ YoY QoQ 25 26 26 25 26 26 25 26 26 26 Tanzania 4,252 4,288 4,302 50 14 10,800 11,569 11,742 942 173 2.54x 2.70x 2.73x 0.19x 0.03x 4
Slide 30: Disclaimer
HELIOS TOWERS MULTI-DECADE GROWTH RUNWAY 30 Disclaimer This presentation does not constitute an offering of securities or otherwise constitute an invitation or inducement to any person to underwrite, subscribe for or otherwise acquire or dispose of securities in Helios Towers plc (the "Company") or