Page 1

28 Oct 2021. Global Cellnex ends the first nine months with 53 % growth in revenue and 59 % growth in EBITDA Results January - September 2021 Since January 2021 Cellnex has announced acquisitions in Poland , the Netherlands and France , with an associated investment of c . € 9 billion . Completed the acquisitions of Play and Polkomtel Infrastruktura in Poland ; the merger of its telecommunications tower business in the Netherlands with Deutsche Telekom ; and has passed the required regulatory approvals for the acquisition of Hivory in France . It is expanding its portfolio of rail connectivity projects through the contract to roll out multi - operator mobile coverage on new metro lines 16 and 17 of the Grand Paris Express project . • The key indicators continue to reflect the Group's geographic expansion -after the integrations in 2020 and the first nine months of 2021- and the strength of its organic business : • Revenue reached € 1,760 million ( vs € 1,149 million for the first nine months of 2020 ) ; adjusted EBITDA was € 1,334 million ( vs € 838 million for the first nine months of 2020 ) ; and recurring free leveraged cash flow € 660 million ( vs € 435 million for the first nine months of 2020 ) . ⚫ Points of presence ( POPs ) increased approximately + 70 % ( with 6.5 % organic growth , including the effect of the roll - out of new sites in the period ) . • Net debt as at 30 September was € 8,613 million , compared to € 6,500 million at year end 2020 . • 88 % of debt ( drawn down ) is set at a fixed rate . • As at September 2021 Cellnex has liquidity ( cash and undrawn debt ) of € 14.3 billion . • The Board has approved a dividend payment of € 0.03004 per share , charged to the share premium reserve , which will be effective on 4 November . • The MSCI and FTSE4Good indexes confirm Cellnex's progress in ESG by respectively upgrading its rating to " A " -from BBB- and awarding it a score of 4.4 out of 5 , well above the industry average . Barcelona , 28th October 2021. - Cellnex Telecom has announced its results for the first nine months of 2021. Revenue was € 1,760 million ( + 53 % ) and adjusted EBITDA grew to € 1,334 million ( + 59 % ) reflecting the effect of consolidating the assets acquired in 2020 and the early months of 2021 and the Groups continued organic growth . Free and recurring leveraged cash flow was € 660 million ( + 52 % ) . The net accounting result was negative at - € 145 million due to the impact of higher amortisation ( + 68 % Vs 9M 2020 ) and financial costs ( + 79 % Vs 9M 2020 ) associated with the Group's ongoing activities related to acquisitions and the consequent geographic expansion . Tobias Martínez , CEO of Cellnex , has noted that this was " a period marked by the conclusion of several transformative acquisitions and initiatives which we announced in 2020 and in 2021. These include the new agreements in France , the Netherlands , Poland and Portugal , and a rights issue which , through the determined support of our shareholders , will allow us to continue seizing new growth opportunities . These inorganic growth opportunities coupled with achieving an organic growth in excess of 6 % provides a dynamic that is reflected in an improvement of the key indicators of revenue , EBITDA and recurring cash flow . This allows us to confirm our outlook for the year of the review that we announced at the end of the first half , with revenues in excess of € 2,500 million and an EBITDA of over € 1,900 million " . Business lines . Key indicators for the period • Infrastructure services for mobile telecommunications operators contributed 86 % to revenue ( € 1,519 million ) , up 69 % on 2020 . • The broadcasting infrastructure business contributed 9 % of revenue ( € 164 million ) .