Uniti Group Inc. (NASDAQ:UNIT) Q1 2022 Earnings Conference Call May 5, 2022 8:30 AM ET Company Participants Kenny Gunderman - CEO Paul Bullington - SVP and CFO Conference Call Participants Greg Williams - Cowen Frank Louthan - Raymond James David Barden - Bank of America Operator Welcome to Uniti Group's First Quarter 2022 Conference Call. My name is Jonathan, and I will be your operator for today. A webcast of this call will be available on the company's website at www.uniti.com beginning May 5th, 2022, an ...

: Uniti | --- | --- | |-------|--------------------------------------| | | | | | | | | | | | | | | First Quarter 2022 Financial Results | | | | | | | | | | | | | | | | | | | | | | | | | | | Together, Building the Future | Safe Harbor Certain statements in this presentation may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended from time to time. Those forward-looking statements include all statements that are not historical statements ...

Uniti Leasing - Uniti Leasing拥有约8.94亿美元的合同收入，平均剩余合同期限约为14.5年[21] - Uniti Leasing的销售渠道总合同价值约为16亿美元，预计年收入约为9500万美元[21] - Uniti Leasing大约70%的机会利用了从Windstream收购的光纤[21] Uniti Fiber - Uniti Fiber过去3年新建了约12,500英里的新光纤线路和约950,000英里的新光纤束[8] - Uniti Fiber的年收入为3.08亿美元，调整后的EBITDA为1.18亿美元[8] - Uniti Fiber拥有约11亿美元的合同收入[8] - Uniti Fiber拥有约26,300个客户连接[8] Financial Overview - Uniti的年度收入约为11亿美元[38] - Uniti Leasing的EBITDA利润率为97%[38] - Uniti已累计投资约20亿美元[38] - Uniti Leasing的年收入为8.19亿美元，调整后的EBITDA为7.97亿美元[7] - 2021年第四季度综合新销售额预订的MRR约为100万美元，比2020年第四季度增长80%[16] - 2021年全年新销售额预订约为350万美元，比2020年全年增长约40%[16] Network - Uniti拥有由128,000英里光纤线路和760万英里光纤束组成的全国性网络[9, 10] - Uniti的光纤网络已通过25万多个建筑物[10] - Uniti的小型基站约为2500个[10]

: #: Uniti | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|------------------------------|-------------------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | J.P. Morgan | | | | | | | 2022 Global High Yield and | | | | | | | Leveraged Finance Conference | | | | | | | | | | | | | | | | | | | | | February 28 – | | | | | | | | | | | | | | | Together, Building the Future | Safe Harbor Certain statements in this presentation may constitute forward-looking sta ...

The number of shares of the Registrant's common stock outstanding as of February 18, 2022 was 236,325,229. DOCUMENTS INCORPORATED BY REFERENCE Portions of the Registrant's definitive proxy statement relating to the 2022 annual meeting of stockholders are incorporated by reference into Part III of this Annual Report on Form 10-K. 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 EXCH ...

数 Uniti | --- | --- | --- | --- | |-------|-------|------------------------------|-------------------------------| | | | | | | | | | | | | | | | | | | | | | | | Fourth Quarter and Full Year | | | | | | | | | | 2021 Financial Results | | | | | Conference Call Presentation | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Together, Building the Future | Safe Harbor Certain statements in this presentation may constitute forward-looking statements within the meaning of the Private Securities Litigat ...

Financial Data and Key Metrics Changes - Uniti reported consolidated revenues of $293 million for Q4 2021, with adjusted EBITDA of $231 million and AFFO attributed to common shares of $114 million, resulting in an AFFO per diluted common share of $0.44 [17] - Net income attributable to common shares for Q4 was approximately $36 million or $0.15 per diluted share [17] - The net leverage ratio at year-end was 5.55x, the lowest since mid-2017 [33] Business Line Data and Key Metrics Changes - Uniti Leasing segment revenues were $211 million, with adjusted EBITDA of $206 million, reflecting a 9% and 8% year-over-year increase, respectively [18] - Uniti Fiber reported revenues of $82 million in Q4, with adjusted EBITDA of $32 million, representing a 39% margin [24] - Sales bookings in Uniti Fiber for Q4 were $0.8 million of MRR, a 50% increase from Q4 2020, with wireless bookings increasing over threefold in 2021 [10][4] Market Data and Key Metrics Changes - The company operates a national fiber network of 128,000 route miles, having added nearly 6,000 route miles in 2021 [3] - Approximately 90% of business generated is wholesale in nature, driven by demand for 5G networks and fiber-to-the-home [5] - The company has access to metro fiber in nearly 300 markets, indicating significant growth potential [11] Company Strategy and Development Direction - Uniti focuses on a balanced mix of wholesale, non-wholesale, and anchor lease-up bookings to drive profitable economics [9] - The company is prioritizing metro market expansions for organic growth and potential acquisitions [12] - Uniti aims to leverage its existing fiber network to capitalize on high-margin recurring revenue opportunities while pursuing new greenfield builds [16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the trends in the communications infrastructure space, indicating that the company is well-positioned to benefit from these trends [43] - The company anticipates continued growth in 2022, with guidance for consolidated revenues of $1.1 billion and adjusted EBITDA of $890 million [30] - Management highlighted the importance of maintaining a strong balance sheet and liquidity to support strategic initiatives [32] Other Important Information - The company declared a dividend of $0.15 per share, representing an estimated 90% of taxable income for the year [34] - Uniti has invested over $300 million in capital under the GCI program with Windstream, adding significant route miles to its network [21] Q&A Session Summary Question: Follow-up on transformative value-accretive transactions - Management is prioritizing larger transformative transactions and remains confident in the value-accretive nature of these opportunities [46][47] Question: Timing for smaller deals if larger transactions do not materialize - Management acknowledges the importance of M&A for shareholders and is prepared to pursue smaller deals if necessary [48] Question: Consolidated new sales bookings and revenue acceleration - Management expects an acceleration in revenue, despite some churn from Sprint and DISH not yet ramping up [49][50] Question: Confidence in Windstream's supply chain for GCI program - Management is hopeful that Windstream will deploy the full amount of the GCI program, despite previous shortfalls [57] Question: Relationship with Windstream amidst ongoing discussions - Management describes the day-to-day working relationship with Windstream as constructive, despite the complexities involved [66] Question: Opportunities from the Infrastructure Act - Management sees potential in wholesale opportunities from existing and new customers due to increased federal funding for broadband [87] Question: Impact of supply chain issues on fiber pricing - Management acknowledges rising costs for inputs but remains confident in maintaining competitive pricing and supply [90] Question: Labor inflation and availability - Management reports no significant impact on labor rates or availability for construction, attributing this to strong relationships with contractors [95] Question: Capital allocation priorities regarding dividends and M&A - Management emphasizes that capital allocation, including dividends, is evaluated quarterly, with a focus on creating options for the Board [97]

: Uniti Barclays 2021 Global Technology, Media and Telecommunications Conference December 7, 2021 Together, Building the Future Safe Harbor Certain statements in this presentation may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended from time to time. Those forward-looking statements include all statements that are not historical statements of fact, including, without limitation, our 2021 financial outlook, expectations regarding st ...

: Uniti | --- | --- | |-------|-------------------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Together, Building the Future | Safe Harbor Certain statements in this presentation may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended from time to time. Those forward-looking statements include all statements that are not historical statements of fact, including, without limitation, our 2021 ...

Table of Contents 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 September 30, 2021 OR ☐ 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: 001-36708 Uniti Group Inc. (Exact name of registrant as specified in its charter) Maryland 46 ...