IHS Holding Limited

IHS

Equity

ISIN KYG4701H1092 / Valor 113842388

New York Stock Exchange, Inc (2024-12-26)

USD 2.97-2.30%

IHS Holding Limited
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

IHS Holding Limited, operating under the brand IHS Towers, is a prominent player in the telecommunications infrastructure industry, focusing on the ownership, operation, and development of shared communications infrastructure. The company primarily serves leading mobile network operators (MNOs) and other communications service providers, leveraging deep customer relationships and operational excellence to expand its presence. With a strategy that combines organic growth and strategic acquisitions, IHS Towers has executed 22 transactions to bolster its market footprint. As of now, the company operates in 11 markets across Africa, Latin America, and the Middle East, positioning itself as the third largest independent TowerCo globally by tower count. It boasts market leadership in seven of these regions and is distinguished as the only independent multinational operator in five markets. This extensive reach and significant role in the telecommunications sector underscore IHS Towers' critical contribution to enhancing mobile and internet connectivity in diverse and often underserved regions around the world.

Summarized from source with an LLMView SourceSector: Telecommunications

Revenue Growth

IHS Holding Limited reported revenue of $435.4 million for the second quarter of 2024, marking a 4.2% increase compared to the first quarter of 2024. However, this represents a 20.3% decrease compared to the second quarter of 2023, primarily due to a significant foreign exchange headwind caused by the devaluation of the Nigerian Naira.

Adjusted EBITDA

The company's Adjusted EBITDA for the second quarter of 2024 was $250.8 million, reflecting a decrease of 11.9% from the same period in 2023. This decline was largely attributed to a $307.2 million year-on-year foreign exchange headwind, again due to the devaluation of the Nigerian Naira.

Net Loss

IHS Holding Limited reported a net loss of $124.3 million for the second quarter of 2024. A significant portion of this loss, amounting to $169.7 million, was related to unrealized foreign exchange losses.

Cash Flow and Capex

Cash from operations for IHS Holding Limited in the second quarter of 2024 was $151.6 million. The company's total capital expenditure (Capex) for the quarter was $53.7 million, reflecting a strategic focus on generating more cash and narrowing investments to high-return projects.

Revised Guidance

On August 7, 2024, IHS Holding Limited revised its guidance for the year, lowering revenue expectations to $1,670-1,700 million and Adjusted EBITDA to $900-920 million. The company also adjusted its Adjusted Levered Free Cash Flow (ALFCF) guidance to $250-270 million, while maintaining its Capex guidance of $330-370 million and net leverage ratio target of 3.0x-4.0x.

Summarized from source with an LLMView Source

Key figures

-34.0%1Y

-79.3%3Y

%5Y

Performance

64.0%1Y

58.2%3Y

57.1%5Y

Volatility