Additional Information on Revenues (a) Predominately consists of outstanding indebtedness under the CP Program as discussed in footnote (g) of the preceding table and $750 million aggregate principal amount of 3.150% senior unsecured notes ("3.150% Senior Notes"). | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------------|-------|--------------|-------|------------| | Net income (loss) | $ | 2023 \n418 | $ | 2022 \n421 | | | | | ...

Crown Castle Inc. (NYSE:CCI) Q1 2023 Earnings Conference Call April 20, 2023 10:30 AM ET Company Participants Ben Lowe – Senior Vice President-Corporate Finance Jay Brown – Chief Executive Officer Dan Schlanger – Chief Financial Officer Conference Call Participants Simon Flannery – Morgan Stanley Brett Feldman – Goldman Sachs Michael Rollins – Citi Brendan Lynch – Barclays Greg Williams – TD Cowen Matthew Niknam – Deutsche Bank Ric Prentiss – Raymond James Nick Del Deo – SVB MoffettNathanson Jonathan Atkin ...

Crown Castle Inc. (NYSE:CCI) Morgan Stanley 2023 Technology, Media & Telecom Conference Transcript March 9, 2023 11:00 AM ET Executives Dan Schlanger - Chief Financial Officer Analysts Simon Flannery - Morgan Stanley Simon Flannery All right. Good morning, everybody. Welcome to day four of the TMT Conference and welcome to Dan from CCI. Thanks so much for joining us today, Dan. Dan Schlanger Thanks very much for having me. Question-and-Answer Session Q - Simon Flannery For coming back here. And we thank you ...

Crown Castle Inc. (NYSE:CCI) Raymond James 44th Annual Institutional Investors Conference Transcript March 7, 2023 11:00 AM ET Executives Dan Schlanger - Chief Financial Officer Analysts Ric Prentiss - Raymond James Ric Prentiss No problem. All right. I think it’s still morning, right? It feels like a long day already. But excited. Day two, Raymond James 44th Annual Institutional Investors Conference. My 27th Raymond James Institutional Investor Conference. I’ve seen a lot of people in the room over a lot o ...

Debt Covenants (a) Failure to comply with the financial maintenance covenants would, absent a waiver, result in an event of default under the 2016 Credit Agreement. (b) As defined in the 2016 Credit Agreement. (c) Applicable solely to the extent that the senior unsecured debt rating by any two of S&P, Moody's and Fitch is lower than BBB-, Baa3 or BBB-, respectively. If applicable, the consolidated interest coverage ratio must be greater than or equal to 2.50. 37 Critical Accounting Policies and Estimates Fo ...

Financial Data and Key Metrics Changes - For the full year 2022, site rental revenues increased by 10%, adjusted EBITDA grew by 14%, and AFFO rose by 6% [5][74] - The growth in site rental revenues included a 5% organic contribution, with nearly 6.5% growth from towers, over 5% growth from small cells, and 2% growth from fiber solutions [5][71] Business Line Data and Key Metrics Changes - The company expects to double the rate of small cell deployments in 2023 to 10,000 nodes, with over half co-located on existing fiber [75] - The backlog includes approximately 60,000 nodes on air and another 60,000 contracted, indicating a sustained acceleration of growth for the small cell business [75][32] Market Data and Key Metrics Changes - The company reported that about half of its sites across the top three customers have been upgraded with mid-band spectrum, presenting a significant opportunity for revenue growth as additional sites are upgraded [2][63] - The company anticipates that the second half of the remaining towers will be upgraded to mid-band spectrum, similar to the timeline for the first half [66] Company Strategy and Development Direction - The company is focused on capital allocation to ensure high returns, emphasizing the deployment of small cells and fiber over acquisitions [38][105] - The company aims to grow its dividend by 7% to 8% in the long term, supported by a strong pipeline of 5G investment opportunities [79][103] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term growth opportunities associated with 5G, highlighting the need for significant network investment to keep pace with increasing mobile data demand [102][79] - The company expects the rationalization of Sprint's legacy network to impact financial results, with approximately $30 million in new non-renewals and $160 million to $170 million in accelerated payments anticipated for 2023 [78][90] Other Important Information - The company issued $1 billion in senior unsecured notes to strengthen its balance sheet, resulting in over 85% fixed-rate debt and approximately $5.5 billion in available liquidity [6] - The company has invested over $40 billion in capital for towers, small cells, and fiber, generating a 10% return on total invested capital [76] Q&A Session Summary Question: What is the outlook for small cell leasing and the backlog? - Management indicated that small cell leasing activity is expected to continue, with a combination of large-scale agreements and smaller projects [95][92] Question: How does the company view the transition from 5G builds to densification? - Management noted that there will be a mix of upgrades and new sites, with a focus on areas where data usage is increasing [66][102] Question: What is the expected churn rate for small cells? - Management suggested a long-term churn rate of about 1% to 2%, with minimal churn observed to date except for the Sprint-T-Mobile consolidation [114]

Fourth Quarter 2022 Earnings Conference Call PAGE Fourth Quarter 2022 Earnings Conference Call PAGE Full Year 2022 Results ($ in millions) Site Rental Revenues Adjusted EBITDA AFFO $3,013 $3,201 $3,200 2021 Actuals Previous 2022 Outlook 2022 Actuals $3,816 $4,352 $4,340 2021 Actuals Previous 2022 Outlook 2022 Actuals $5,719 $6,265 $6,289 2021 Actuals Previous 2022 Outlook 2022 Actuals (1) (1) (1) ↑ 10% YoY Growth ↑ 14% YoY Growth ↑ 6% YoY Growth 1. Midpoint of Outlook range as issued on October 19, 2022. 4 ...

Crown Castle Inc. (NYSE:CCI) Citi’s 2023 Communications, Media & Entertainment Conference January 4, 2023 4:30 PM ET Company Participants Dan Schlanger - CFO Conference Call Participants Michael Rollins - Citigroup Michael Rollins Well, good afternoon. And for those joining via the audio stream welcome back to Citi’s 2023 Communications, Media -- Communication, Media and Entertainment Conference. For those of you who I haven't met, I'm Mike Rollins, I cover Communication Services and Infrastructure for Citi ...

Crown Castle Inc. (NYSE:CCI) Morgan Stanley European Technology, Media & Telecom Conference 2022 Call November 17, 2022 2:55 AM ET Company Participants Ben Lowe - Senior Vice President, Corporate Finance Unidentified Analyst Great. Good morning, everybody. Welcome to Day 2 of the conference. Hope you are having a good conference. It’s my great pleasure to welcome Ben Lowe from Crown Castle. Welcome to Barcelona, Ben. Ben Lowe It’s great to be back. Question-and-Answer Session Q - Unidentified Analyst So bef ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________ Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.01 par value CCI New York Stock Exchange Large accelerated filer ☒ Accelerated filer ☐ Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐ FORM 10-Q ___________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For t ...