Financial Data and Key Metrics Changes - Total GAAP site leasing revenues for Q4 2020 were $493 million, with cash site leasing revenues at $492.8 million, reflecting a strong end to the year [7] - AFFO for Q4 was $280.1 million, with AFFO per share at $2.49, marking a 14.2% increase year-over-year [16] - Adjusted EBITDA for Q4 was $380.6 million, with an industry-leading adjusted EBITDA margin of 71% [15] Business Line Data and Key Metrics Changes - Same tower recurring cash leasing revenue growth for Q4 was 4% year-over-year on a constant currency basis, with domestic same tower growth at 5.7% gross and 3.4% net [9] - Domestic operational leasing activity reached the highest levels of the year, with 88% of domestic bookings coming from amendments and 12% from new leases [10][11] - International same tower cash leasing revenue growth was 6.5% on a constant currency basis, with Brazil showing a gross same tower organic growth of 7.3% [12] Market Data and Key Metrics Changes - 85.4% of consolidated cash site leasing revenue was denominated in U.S. dollars, with Brazil contributing 11.2% of cash site leasing revenues [13] - The company anticipates a higher level of domestic operational leasing activity in 2021, driven by 5G-related investments and C-Band activity [22][23] Company Strategy and Development Direction - The company is focused on expanding its portfolio, having acquired 104 communication sites for $133.5 million and planning to purchase an additional 299 sites for $72.7 million [16][20] - The PG&E acquisition is expected to enhance the company's portfolio significantly, adding nearly 900 wireless tenant licenses and providing opportunities for future revenue growth [17][19] - The company aims to maintain a leverage ratio of 7.0 to 7.5 times net debt-to-adjusted EBITDA while continuing to invest in its business [45] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth potential in 2021, despite anticipated revenue churn due to T-Mobile's network rationalization [24][36] - The company expects increased leasing activity in the latter half of 2021, driven by major carriers' investments in 5G and the new master lease agreement with DISH [23][41] - Management highlighted the importance of macro tower sites in the deployment of next-generation networks and the expected increase in organic leasing activity [40] Other Important Information - The company ended the year with $11.2 billion in total debt and a net debt-to-annualized adjusted EBITDA leverage ratio of 7.1 times [29] - A cash dividend of $51.5 million was declared for Q4, with an increase to $0.58 per share for the first quarter of 2021 [34][46] - The company issued its inaugural corporate sustainability report, emphasizing its commitment to responsible business practices and sustainability [47][48] Q&A Session Summary Question: Can you walk us through the 2021 guidance related to the PG&E transaction? - Management indicated about $40 million of non-organic revenue expected from PG&E, with the majority contributing to EBITDA due to high margins [56][57] Question: What is the outlook for U.S. same tower revenue growth? - Management believes growth can reach upper single digits, driven by major carriers' activities in the C-Band auctions [58][60] Question: How will T-Mobile's network changes impact churn? - Management expects a revenue loss of $4 million to $5 million from T-Mobile, with additional churn anticipated [62][63] Question: What is the expected pace of activity in Q1 2021? - Management anticipates slower activity in Q1, with an increase expected in the latter half of the year [121] Question: How does the PG&E deal open new market opportunities? - Management noted that while it remains to be seen, there have been inquiries from other utilities regarding similar arrangements [105]

PRESENTATION SBA Communications Corporation Third Quarter 2020 Supplemental Financial Data Key Financial and Operational Measures and Non-GAAP Financial Measures 2 This Supplemental Financial Data package provides key financial and operational data as well as reconciliations of those non-GAAP financial measures that SBA Communications Corporation ("SBA" or "We") use in evaluating the performance of our business. These non-GAAP financial measures include (1) Cash Site Leasing Revenue, (2) Core Recurring Cash ...

SBA Communications Corporation (NASDAQ:SBAC) Q3 2020 Earnings Conference Call November 2, 2020 5:00 PM ET Company Participants Mark DeRussy - Vice President, Finance Jeff Stoops - President and Chief Executive Officer Brendan Cavanagh - Chief Financial Officer Conference Call Participants Phil Cusick - JPMorgan Simon Flannery - Morgan Stanley Batya Levi - UBS Colby Synesael - Cowen Michael Rollins - Citi Brett Feldman - Goldman Sachs Nick Del Deo - MoffettNathanson David Barden - Bank of America Ric Prentis ...

SBA Communications Corp (NASDAQ:SBAC) Q2 2020 Earnings Conference Call August 3, 2020 5:00 PM ET Company Participants Mark DeRussy - VP, Finance Brendan Cavanagh - EVP and CFO Jeffrey Stoops - President and CEO Conference Call Participants Richard Prentiss - Raymond James Batya Levi - UBS Simon Flannery - Morgan Stanley Michael Rollins - Citigroup Colby Synesael - Cowen and Company Nick Del Deo - MoffettNathanson Tim Long - Barclays David Barden - Bank of America/Merrill Lynch Jon Atkin - RBC Walter Piecyk ...

PRESENTATION SBA Communications Corporation First Quarter 2020 Supplemental Financial Data Key Financial and Operational Measures and Non-GAAP Financial Measures 2 This Supplemental Financial Data package provides key financial and operational data as well as reconciliations of those non-GAAP financial measures that SBA Communications Corporation ("SBA" or "We") use in evaluating the performance of our business. These non-GAAP financial measures include (1) Cash Site Leasing Revenue, (2) Core Recurring Cash ...

SBA Communications Corp (NASDAQ:SBAC) Q1 2020 Earnings Conference Call May 5, 2020 5:00 PM ET Company Participants Mark DeRussy - VP, Finance Brendan Cavanagh - EVP & CFO Jeffrey Stoops - President, CEO & Director Conference Call Participants David Barden - Bank of America Merrill Lynch Richard Prentiss - Raymond James & Associates Spencer Kurn - New Street Research Simon Flannery - Morgan Stanley Philip Cusick - JPMorgan Chase & Co. Walter Piecyk - LightShed Partners Nick Del Deo - MoffettNathanson Michael ...

SBA Communications Corporation (NASDAQ:SBAC) Q4 2019 Earnings Conference Call February 20, 2020 5:00 PM ET Company Participants Mark DeRussy - VP, Finance Jeffrey Stoops - President and Chief Executive Officer Brendan Cavanagh - EVP and Chief Financial Officer Conference Call Participants Philip Cusick - JP Morgan Spencer Kurn - New Street Research Colby Synesael - Cowen and Company Simon Flannery - Morgan Stanley Ric Prentiss - Raymond James Brandon Nispel - KeyBanc Capital Markets Nick Del Deo - MoffettNa ...

PRESENTATION SBA Communications Corporation Fourth Quarter 2019 Supplemental Financial Data Key Financial and Operational Measures and Non-GAAP Financial Measures 2 This Supplemental Financial Data package provides key financial and operational data as well as reconciliations of those non-GAAP financial measures that SBA Communications Corporation ("SBA" or "We") use in evaluating the performance of our business. These non-GAAP financial measures include (1) Cash Site Leasing Revenue, (2) Core Recurring Cas ...

PRESENTATION SBA Communications Corporation Third Quarter 2019 Supplemental Financial Data Key Financial and Operational Measures and Non-GAAP Financial Measures 2 This Supplemental Financial Data package provides key financial and operational data as well as reconciliations of those non-GAAP financial measures that SBA Communications Corporation ("SBA" or "We") use in evaluating the performance of our business. These non-GAAP financial measures include (1) Cash Site Leasing Revenue, (2) Core Recurring Cash ...