American Tower Corporation (NYSE:AMT) 51st Annual J.P. Morgan Global Technology, Media and Communications Conference May 22, 2023 2:30 PM ET Company Participants Rod Smith - CFO Conference Call Participants Phil Cusick - J.P. Morgan Phil Cusick Hi, thanks for joining us. My name is Phil Cusick. I follow the Communications Services and Media Space here at J.P. Morgan. Welcome to the 51st Annual J.P. Morgan Media and Communications and Tech Conference. I want to welcome Rod Smith, CFO of American Tower and Tr ...

Summary of American Tower Corporation Conference Call Company Overview - **Company**: American Tower Corporation (NYSE: AMT) - **Event**: SVB MoffettNathanson's Inaugural Technology, Media, and Telecom Conference - **Date**: May 17, 2023 Key Industry Insights - **U.S. Business Segment**: The largest segment for American Tower, with a focus on growth driven by customers like DISH, T-Mobile, AT&T, and Verizon [3][5][10] - **DISH's Role**: Although DISH is a small contributor (less than 1% of overall revenue), it is expected to support long-term growth targets of at least 5% organic tenant billings growth from 2023 through 2027 [6][10] - **Growth Targets**: American Tower aims for 5% net growth through 2027 in the U.S., with 6% growth excluding Sprint churn [5][7] Financial Performance and Projections - **Tenant Billings**: The U.S. tenant billings business is approximately $4.5 billion, with a 3% escalator in revenue expected [8][20] - **Churn Rate**: The company anticipates a churn rate of about 1.6% to 1.7% excluding Sprint, with a target of 2% overall [31][32] - **Growth Lock-In**: Approximately 75% of the growth target is locked in through contracted minimums, with 90-95% locked in for 2023 [9][22] Strategic Considerations - **Densification Needs**: The company sees densification as a critical driver for future growth, particularly with the rollout of 5G and mid-band spectrum [23][27] - **International Operations**: American Tower is assessing strategic options for its India business due to high volatility and is focusing on capital recycling towards more stable markets [39][42] - **European Market**: The company is satisfied with its scale in Europe and believes that captive tower businesses will eventually be monetized [50][54] Capital Allocation Strategy - **Deleveraging Focus**: The company aims to reduce leverage to below 5x over the next 24 months, which is a priority for financial policy [74][75] - **Share Repurchases**: While the company is focused on deleveraging, it may consider opportunistic share repurchases if comfortable with its trajectory [75] Emerging Opportunities - **CoreSite Growth**: The data center platform is experiencing healthy growth, with a record level of leasing activity and a focus on digital platforms and hybrid IT solutions [59][60][64] - **Potential New Tenants**: The company is exploring opportunities with satellite broadband providers and cable companies, although no specific deals are currently in place [36][37] Conclusion American Tower Corporation is strategically positioned for growth in the U.S. and international markets, with a focus on densification, capital allocation, and leveraging its existing customer relationships. The company is committed to maintaining a strong financial position while exploring new opportunities in the evolving telecommunications landscape.

American Tower Corporation (NYSE:AMT) Q1 2023 Results Conference Call April 26, 2023 8:30 AM ET Company Participants Adam Smith - SVP, IR Tom Bartlett - President and CEO Rod Smith - EVP, CFO and Treasurer Conference Call Participants Brett Feldman - Goldman Sachs Landon Park - Morgan Stanley Rick Prentiss - Raymond James Michael Rollins - Citi Matt Niknam - Deutsche Bank David Barden - Bank of America Batya Levi - UBS Brandon Nispel - KeyBanc Capital Markets Eric Luebchow - Wells Fargo Operator Ladies and ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One): ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. For the quarterly period ended March 31, 2023. ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. Commission File Number: 001-14195 | --- | --- | --- | |-----------------------------------------|----------------------------------------------------------------------------------|-------- ...

American Tower Corporation (NYSE:AMT) Citi's 2023 Global Property CEO Conference March 7, 2023 3:00 PM ET Company Participants Tom Bartlett - President and CEO Conference Call Participants Mike Rollins - Citi Mike Rollins Welcome to 3:00 P.M. session at Citi's 2023 Global Property CEO Conference. For those of you I haven't had an opportunity to meet, I'm Mike Rollins with Citi Research, and we're pleased to have with us American Tower and CEO, Tom Bartlett. This session is for Citi clients only. If media or ...

American Tower Corporation (NYSE:AMT) Q4 2022 Earnings Conference Call February 23, 2023 8:30 AM ET Company Participants Adam Smith - Senior Vice President of Investor Relations Tom Bartlett - President & Chief Executive Officer Rod Smith - Executive Vice President, Chief Financial Officer & Treasurer Conference Call Participants Simon Flannery - Morgan Stanley Rick Prentiss - Raymond James Michael Rollins - Citi David Barden - Bank of America Richard Choe - JPMorgan Eric Luebchow - Wells Fargo Batya Levi - ...

Fourth Quarter & Full Year 2022 Earnings Conference Call February 23, 2023 Agenda Introduction Adam Smith Senior Vice President, Investor Relations Opening Remarks Tom Bartlett President and Chief Executive Officer Rod Smith Executive Vice President, Chief Financial Officer and Treasurer Financial Results Q&A 2 Forward-Looking Statements "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This presentation contains forward-looking statements within the meaning of federal secu ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One): ☒ Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. For the fiscal year ended December 31, 2022 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. For the transition period from to Commission File Number: 001-14195 American Tower Corporation (Exact name of registrant as specified in its charter) Delaware 65-0723837 (State ...

American Tower Corporation (NYSE:AMT) Citi's 2023 Communications, Media & Entertainment Conference January 4, 2023 11:30 AM ET Company Participants Tom Bartlett - President and Chief Executive Officer Conference Call Participants Mike Rollins - Citi Mike Rollins Okay. Well, good morning, and welcome to Citi's 2023 Communications, Media & Entertainment Conference. For those of you, I have not had an opportunity to meet, I'm Mike Rollins and I cover communication services and infrastructure for Citi. Unidenti ...