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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IHS Holding Limited (NYSE:IHS) Q2 2024 Earnings Conference Call August 13, 2024 8:30 AM ET Company Participants Naya Bermudez - Senior Manager, IR Sam Darwish - Chairman & CEO Steve Howden - CFO Conference Call Participants Jim Schneider - Goldman Sachs Jonathan Atkin - RBC Capital Markets Richard Choe - JP Morgan Maurice Patrick - Barclays Operator Good day, and welcome to the IHS Holding Limited Second Quarter 2024 Earnings Results Call for the Three Month Period Ended June 30, 2024. Please note that toda ...

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 ...

davidf Investment Thesis IHS Holding's (NYSE:IHS) stock performance continues to disappoint, falling from $17 to as low as $2.50 during its trading history. Still, the cash flows, revenues and EBITDA continues to grow which leads me to believe the stock is significantly undervalued. The company has high barriers to entry that stem from economies of scale and being a first mover in emerging markets, so I expect the company to continue to perform well. Despite the economic crisis in Nigeria, I believe the ...