Slides
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#006EBB 0/110/187 #D50017 213/0/23 #003456 0/52/86 #99B8D7 153/184/215 #EDEDED 237/237/237 #DADADA 218/218/218 #C6C6C6 198/198/198 #B2B2B2 178/178/178 Primary Colour Palette Secondary Colour Palette Q2/2026 Results Presentation 21 July 2026
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#006EBB 0/110/187 #D50017 213/0/23 #003456 0/52/86 #99B8D7 153/184/215 #EDEDED 237/237/237 #DADADA 218/218/218 #C6C6C6 198/198/198 #B2B2B2 178/178/178 Primary Colour Palette Secondary Colour Palette 2 This presentation contains forward-looking statements. These forward-looking statements are usually accompanied by words such as 'believe', 'intend', 'anticipate', 'plan', 'expect' and similar expressions. Actual events may differ materially from those anticipated in these forward-looking statements as a result of a number of factors. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results or outcomes to differ materially from those expressed in any forward-looking statement. Neither EuroTeleSites AG nor any other person accepts any liability for any such forward-looking statements. EuroTeleSites AG will not update these forward-looking statements, whether due to changed factual circumstances, changes in assumptions or expectations. Alternative performance measures are used to describe the operational performance. Please therefore refer to the Databook, which is available on EuroTeleSites homepage. This presentation was created with care and all data has been checked diligently. Nevertheless, the possibility of layout and printing errors cannot be excluded. The use of automated calculation systems may give rise to rounding differences. This presentation does not constitute a recommendation or invitation to purchase or sell securities of EuroTeleSites AG. Cautionary Statement
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#006EBB 0/110/187 #D50017 213/0/23 #003456 0/52/86 #99B8D7 153/184/215 #EDEDED 237/237/237 #DADADA 218/218/218 #C6C6C6 198/198/198 #B2B2B2 178/178/178 Primary Colour Palette Secondary Colour Palette 19.6 m -12.9% | -2.9m YoY CAPEX FINANCIAL KPIs HY/2026 OPERATIONAL ACHIEVEMENTS HY/2026 13 877 +177 net adds YoY Macro sites FINANCIAL KPIs HY/2025 OPERATIONAL ACHIEVEMENTS HY/2025 1.26x Tenancy ratio blended 88.6 mEUR +11.2% | +8.9m YoY +8.2% | +6.5m Adj. EBITDAaL 137.7 mEUR Revenue 22.5 m CAPEX 79.7 mEUR EBITDAaL Summary of HY/2026 3 539 +196 net adds YoY Third-party tenants 13 700 Macro sites 1.24x Tenancy ratio blended 3 343 Third-party tenants 148.4 mEUR +7.8% | +10.7m YoY +6.1% | +8.3m Adj. Revenue
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#006EBB 0/110/187 #D50017 213/0/23 #003456 0/52/86 #99B8D7 153/184/215 #EDEDED 237/237/237 #DADADA 218/218/218 #C6C6C6 198/198/198 #B2B2B2 178/178/178 Primary Colour Palette Secondary Colour Palette 4 58 Sites Built Resulted in 40 Net Adds in Q2. 64 Third-Party Tenants were Onboarded on Existing and New Locations Anchor Tenant Third-Party 30 June 2025 30 September 2025 31 December 2025 31 March 2026 30 June 2026 13,700 13,739 13,820 13,837 13,877 +177 Number of Sites 30 June 2025 30 September 2025 31 December 2025 31 March 2026 30 June 2026 17,043 17,120 17,255 17,312 17,416 +373 Number of Tenants 38 39 81 17 40 30 June 2025 30 September 2025 31 December 2025 31 March 2026 30 June 2026 Number of Net Adds New Tenants 38 39 81 40 39 38 54 40 64 30 June 2025 30 September 2025 31 December 2025 17 31 March 2026 30 June 2026 77 77 135 57 104 ∑12months: 196 Third-Party Tenants
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#006EBB 0/110/187 #D50017 213/0/23 #003456 0/52/86 #99B8D7 153/184/215 #EDEDED 237/237/237 #DADADA 218/218/218 #C6C6C6 198/198/198 #B2B2B2 178/178/178 Primary Colour Palette Secondary Colour Palette 5 Mandatory Upgrades Maintenance Rollout CAPEX Spending Structure Is in Line with Previous Years 1.5 Q2 2025 1.1 Q3 2025 1.4 Q4 2025 Q1 2026 1.1 Q2 2026 10.3 11.1 19.3 8.2 11.4 5.3 3.5 5.9 4.1 8.1 9.7 4.7 2.9 6.0 4.3 CAPEX mEUR 13.2 2.5 6.8 6M 2025 10.7 1.7 7.2 6M 2026 22.5 19.6 CAPEX YTD mEUR
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#006EBB 0/110/187 #D50017 213/0/23 #003456 0/52/86 #99B8D7 153/184/215 #EDEDED 237/237/237 #DADADA 218/218/218 #C6C6C6 198/198/198 #B2B2B2 178/178/178 Primary Colour Palette Secondary Colour Palette 6 Q2/2026 Group Results I/II Comments ▪ Quarterly performance supported by indexation, third-party tenant growth (+32.5%) and infrastructure expansion. Non-recurring revenue contribution of approximately 2.4 mEUR from the finalization of customer projects ▪ EBITDA increased on higher revenue, partly offset by maintenance and project-related costs. 2.4m Non-recurring revenue 2.4m +5.0% +3.5m Adjusted values +4.9% +2.9m According to the data book, all decimal places must always be considered when calculating changes.
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#006EBB 0/110/187 #D50017 213/0/23 #003456 0/52/86 #99B8D7 153/184/215 #EDEDED 237/237/237 #DADADA 218/218/218 #C6C6C6 198/198/198 #B2B2B2 178/178/178 Primary Colour Palette Secondary Colour Palette 7 Q2/2026 Group Results II/II ▪ EBITDAaL increased because of higher revenue. ▪ Cash flow generation was supported by revenue growth including one-time effect and lower CAPEX payments during the period. 2.4m +5.6% +2.2m Comments Non-recurring revenue Adjusted values According to the data book, all decimal places must always be considered when calculating changes.
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#006EBB 0/110/187 #D50017 213/0/23 #003456 0/52/86 #99B8D7 153/184/215 #EDEDED 237/237/237 #DADADA 218/218/218 #C6C6C6 198/198/198 #B2B2B2 178/178/178 Primary Colour Palette Secondary Colour Palette 8 HY/2026 Group Results I/II ▪ Performance was supported by indexation, third-party tenant growth (+30.5%) and infrastructure expansion. Non-recurring revenue contribution of approximately 2.4 mEUR from the finalization of customer projects ▪ EBITDA increased on higher revenue, partly offset by project-related costs and maintenance. 2.4m 146.0m +6.1% +8.3m +6.4% +7.6m Comments Non-recurring revenue Adjusted values 2.4m 125.9m According to the data book, all decimal places must always be considered when calculating changes.
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#006EBB 0/110/187 #D50017 213/0/23 #003456 0/52/86 #99B8D7 153/184/215 #EDEDED 237/237/237 #DADADA 218/218/218 #C6C6C6 198/198/198 #B2B2B2 178/178/178 Primary Colour Palette Secondary Colour Palette 9 HY/2026 Group Results II/II According to the data book, all decimal places must always be considered when calculating changes. ▪ EBITDAaL increased because of higher revenue. ▪ Cash flow generation was supported by revenue growth including one-time effect and lower CAPEX payments during the period. 2.4m +8.2% +6.5m 86.2m Comments Non-recurring revenue Adjusted values
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#006EBB 0/110/187 #D50017 213/0/23 #003456 0/52/86 #99B8D7 153/184/215 #EDEDED 237/237/237 #DADADA 218/218/218 #C6C6C6 198/198/198 #B2B2B2 178/178/178 Primary Colour Palette Secondary Colour Palette 10 Rating Season Concludes with Upgrade and Positive Outlook Market Capitalization 30 June 2026 Roadshows & Investor contacts in 2025 Price Target Erste Group 734 mEUR 9 & >80 5.35 EUR 10x (13x-14x) -2% EuroTeleSites Performance 2025 EuroTeleSites Share Price Development Moody’s Baa2 Investment Grade Outlook positive (June 2026) Fitch BBB Investment Grade Outlook stable (July 2026) EV/EBITDAaL EuroTeleSites (Peers)
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#006EBB 0/110/187 #D50017 213/0/23 #003456 0/52/86 #99B8D7 153/184/215 #EDEDED 237/237/237 #DADADA 218/218/218 #C6C6C6 198/198/198 #B2B2B2 178/178/178 Primary Colour Palette Secondary Colour Palette Guidance
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#006EBB 0/110/187 #D50017 213/0/23 #003456 0/52/86 #99B8D7 153/184/215 #EDEDED 237/237/237 #DADADA 218/218/218 #C6C6C6 198/198/198 #B2B2B2 178/178/178 Primary Colour Palette Secondary Colour Palette 12 Guidance for 2026 and Mid-term (unchanged) CAGR: Compound Annual Growth Rate OPERATIONAL GUIDANCE 2026 FINANCIAL GUIDANCE 2026 FINANCIAL GUIDANCE MID-TERM Increase third-party revenue Revenue growth of 4-5% FY25: 280.2 mEUR (+3.7%) Revenue growth of 4-5% CAGR Rollout of more than 400 Macro Sites YE25: 13,820 CAPEX of ~25% of revenues (higher demand & partial shift) Keep high levels of margins Drive innovation for tower of the future Annual net result used for debt reduction Keep annual average of CAPEX / revenue ratio at ~20% Continue process-digitalization including AI-tools Maintaining investment grade ratings from Moody’s & Fitch No dividend commitment in near future to reach leverage ~5x (FY25: 5.5x)
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#006EBB 0/110/187 #D50017 213/0/23 #003456 0/52/86 #99B8D7 153/184/215 #EDEDED 237/237/237 #DADADA 218/218/218 #C6C6C6 198/198/198 #B2B2B2 178/178/178 Primary Colour Palette Secondary Colour Palette 13 ▪ Due to our consistent reporting since spin-off, our foreseeable, stable business model, and robust financial results, EuroTeleSites will conduct investors' webcasts only for the half-year and full- year reports. All key performance indicators will continue to be published quarterly in the data book. The reporting dates remain unchanged. ▪ The rationale behind this approach is the business's stability, with minimal changes quarter over quarter. Transparency remains a priority. ▪ We remain fully accessible for any of our shareholders’ and potential investors’ inquiries – also through our AGM, regular roadshows in various European cities and conference participation. Outlook – New Reporting Format Starting with Q3/2026 Continued Engagement Through Several Conferences in HY2 Planned ▪ September – Munich Investor Conference (Erste Group / Baader Bank) ▪ October – Vienna SME Investor Conference (Erste Group) ▪ October – Investor Meetings, Madrid ▪ October – Investor Meetings, Frankfurt ▪ 20 October – Q3/2026 Reporting ▪ November – Winter 1on1 Online Summit by Equity Forum ▪ December – Wiener Börse Investor Conference, Vienna New Reporting Format Upcoming Events
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#006EBB 0/110/187 #D50017 213/0/23 #003456 0/52/86 #99B8D7 153/184/215 #EDEDED 237/237/237 #DADADA 218/218/218 #C6C6C6 198/198/198 #B2B2B2 178/178/178 Primary Colour Palette Secondary Colour Palette 14 EuroTeleSites CEO Ivo Ivanovski EuroTeleSites CFO Lars Mosdorf QUESTIONS & ANSWERS CONTACT INVESTOR RELATIONS Moritz Palmi E: Moritz.Palmi@eurotelesites.com M: +43 664 66 39 520
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#006EBB 0/110/187 #D50017 213/0/23 #003456 0/52/86 #99B8D7 153/184/215 #EDEDED 237/237/237 #DADADA 218/218/218 #C6C6C6 198/198/198 #B2B2B2 178/178/178 Primary Colour Palette Secondary Colour Palette Backup
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#006EBB 0/110/187 #D50017 213/0/23 #003456 0/52/86 #99B8D7 153/184/215 #EDEDED 237/237/237 #DADADA 218/218/218 #C6C6C6 198/198/198 #B2B2B2 178/178/178 Primary Colour Palette Secondary Colour Palette 16 AMX, OeBAG América Móvil, Österreichische Beteiligungs AG Anchor Tenant Major customer of EuroTeleSites Build-to-suit Program Sites characterized by the construction of a new tower for an anchor tenant for which there is a "Built-to-suit" Program CAPEX - Capital Expenditures Total additions to intangible assets + total additional to property plant and equipment (excluding right of use additional according to IFRS 16) EBIT Earnings Before Interest and Tax. EBITD equals the operating income according to IFRS EBITDA Earnings Before Interest, Tax, Depreciation and Amortization. EBIT + Depreciation and Amortization EBITDA Margin EBITDA / Total Revenues EBITDAaL (EBITDA after Leases) EBITDA - depreciation of lease asets and interest expenses pursuant to IFRS16 (EBITDA after Leases) EBITDAaL Margin EBITDAaL / Total Revenues Net debt Debt (long- and short term) + lease liability (long- and short term) - cash and cash equivalents Site / Radio Tower The passive infrastructure on which active equipment is mounted as well as its physical location Greenfield Site Greenfield Sites are towers erected on the ground that are suitable to host active equipment Rooftop Site Rooftop Sites are antenna structures, including steel structures, masts installed on various types of buildings or constructions, typically on the roof and/or roofing pavement Tenancy Ratio Number of tenants divided by the number of locations Third-party tenant Tenants other than the anchor tenant Glossary