Who we are
We are a leading independent telecoms infrastructure company, having established one of the most extensive tower portfolios across Africa and the Middle East.
Our purpose
To drive the growth of mobile communications across Africa and the Middle East.
Our mission
Our business model promotes tower infrastructure sharing, and enables mobile network operators (MNOs) to deliver mobile connectivity more quickly, reliably, cost effectively and with a lower environmental footprint. In turn, this supports the expansion and quality of mobile connectivity, driving sustainable development in our markets.
To deliver exceptional customer service through our business excellence platform, and create sustainable value for our people, environment, customers, communities and investors.
Our values
- Integrity
- Partnership
- Excellence
1 Please see Glossary for definitions and methodologies of our non-financial KPIs.
Δ Alternative Performance Measures are defined on pages 74-76.
Governance ReportFinancial Statements
Welcome to our Annual Report and Financial Statements 2022
This year, we have adopted integrated reporting as this best reflects our approach to sustainable business. We have a complementary Reporting Supplement which includes additional ESG information and our disclosures against reporting frameworks such as the Global Reporting Initiative: heliostowers.com/investors.
We hope you enjoy reading this report, and we welcome any feedback at:investorrelations@heliostowers.com.
02
Strategic Report
03 Our business model
03 What we do
04 Our value creation
05 How we do it
06 Our impact
07 Fastest growing mobile markets
08 Our markets
09 Why invest?
11 Chair's statement
14 Group CEO's statement
17 Q&A with our Group CEO and CFO
19 Our strategic KPIs
20 Impact report
20 Digital inclusion
24 Climate action
30 Local, diverse, talented teams
36 Responsible governance
40 Market and operating review
50 Group CFO's statement
53 Section 172(1) Statement
57 Non-financial information statement
58 Risk management
59 Principal risks and uncertainties
64 TCFD disclosures
72 Viability statement
74 Alternative Performance Measures
77
Detailed financial review
84
Governance Report
85 Chair's introduction to the Governance Report
86 UK Corporate Governance Code compliance
87 Board of Directors
89 Executive Committee
90 Board diversity at a glance
91 Governance framework
92 Board leadership and Company purpose
96 Division of responsibilities
98 Composition, succession and evaluation
99 Nomination Committee Report
103 Audit Committee Report
109 Directors' Remuneration Report:
114 Directors' Remuneration Policy
123 Annual report on remuneration
138 Other Statutory Information
141 Statement of Directors' responsibilities
142
Financial Statements
143 Independent auditor's report
152 Consolidated Income Statement
152 Consolidated Statement of Other Comprehensive Income
153 Consolidated Statement of Financial Position
154 Consolidated Statement of changes in Equity
155 Consolidated Statement of Cash Flows
156 Notes to the Consolidated Financial Statements
191 Company Statement of Financial Position
191 Company Statement of Changes in Equity
192 Notes to the Company Financial Statements
195 List of subsidiaries
196 Officers, professional advisors and shareholder information
Governance Report
197 Glossary
Financial Statements
A transformational year
2022 was a year of substantial expansion, establishing a stronger and more diversified platform, primed for the next stage of value creation. Our platform has nearly doubled in size since IPO in 2019.
Strategic Report
03 Our business model
03 What we do
04 Our value creation
05 How we do it
06 Our impact
07 Fastest growing mobile markets
08 Our markets
09 Why invest?
11 Chair's statement
14 Group CEO's statement
17 Q&A with our Group CEO and CFO
19 Our strategic KPIs
20 Impact report
20 Digital inclusion
24 Climate action
30 Local, diverse, talented teams
36 Responsible governance
40 Market and operating review
50 Group CFO's statement
53 Section 172(1) Statement
57 Non-financial information statement
58 Risk management
59 Principal risks and uncertainties
64 TCFD disclosures
72 Viability statement
74 Alternative Performance Measures
77 Detailed financial review
Governance ReporrttFFininaanncciaial lSStattaetemmeenntsts
Our business model
What we do
Our principal business is building, acquiring and operating telecommunications towers that can accommodate and power the needs of multiple tenants.
Our tenants are the major MNOs, and we serve them across nine high-growth markets. We offer a comprehensive passive infrastructure solution that includes site selection and preparation, maintenance, security, power management and hosting of active equipment such as antennae.
Our infrastructure-sharing model reduces the need for duplicate infrastructure, which drives more sustainable expansion of mobile connectivity. MNOs can rollout and densify mobile coverage more quickly, more reliably, more cost-effectively and with a lower environmental impact.
We therefore play a pivotal role in advancing access to mobile communications in our markets, which in turn, contributes to driving social and economic development.
What we do
ACQUIRE AND BUILD TOWERS
Disciplined approach to acquisitions, focused on attractive portfolios that support strong growth potential and high-quality earnings.
Build-to-suit (BTS) sites are entirely demand driven and only constructed after receiving a contractual order from an MNO.
COLOCATION LEASE-UP
Add additional tenants to our towers, sharing space and power equipment.
Central to our business model; lease-up drives earnings growth with minimal additional costs.
Substantial operating leverage with c.80% Adjusted EBITDA margin flow-through.
Utilise Lean Six Sigma principles tocontinuously improve operations.
DRIVE OPERATIONAL IMPROVEMENTS
Optimise power through grid connections and hybrid and solar solutions, reducing our carbon emissions.
Value for our stakeholders
Customers
More cost-effective tower usage: our leases are priced at a substantial discount to an MNO's total cost of ownership.
Reduction in MNOs' passive infrastructure capex burden, allowing them to focus their resources on active equipment and technology upgrades.
Communities, economies and the environment
Contribution to local economies and extending network coverage to reach rural locations, helping to connect the unconnected.
Reduced environmental footprint through infrastructure-sharing and improved power and maintenance efficiencies.
Our people and partners Employment, founded on a culture of safety, with training and development opportunities for a diverse localised workforce - both with us and our partners.
Investors
Opportunity to capture the unparalleled structural growth in mobile across Africa and the Middle East, with a robust and resilient business model.
Governance ReportFinancial Statements
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Helios Towers plc published this content on 27 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 March 2023 13:07:16 UTC.