SBA Communications Corporation (SBAC) Presents at UBS Global Media and Communications Conference 2025 Transcript

Core Insights - The company is focused on creating long-term shareholder value through top-line growth and effective capital allocation [2] Group 1: Top-Line Growth - The company has signed a new Master Lease Agreement (MLA) with Verizon, which is a 10-year transaction aimed at facilitating faster equipment deployment for coverage and densification [3] - This partnership is expected to secure a minimum growth rate for the company, indicating a positive outlook for revenue generation [3] Group 2: Capital Allocation - The company anticipates approximately $1.9 billion in EBITDA, with specific allocations including $475 million for dividends, $435 million for cash interest expenses, $35 million for cash taxes, $50 million in maintenance CapEx, and $200 million in growth CapEx [3] - After these allocations, the company expects to have about $700 million available for further capital initiatives [3]