Cellnex Telecom, S.A. (CLNXF) Q3 2024 Earnings Call Transcript

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Cellnex Telecom, S.A. ( OTCPK:CLNXF ) Q3 2024 Earnings Conference Call November 11, 2024 9:00 AM ET Company Participants Juan Gaitan - Director of IR Marco Patuano - CEO Raimon Trias - CFO Conference Call Participants Akhil Dattani - JPMorgan Andrew Lee - Goldman Sachs Maurice Patrick - Barclays Ondrej Cabejsek - UBS Roshan Ranjit - Deutsche Bank Luigi Minerva - HSBC Ottavio Adorisio - Bernstein Usman Ghazi - Berenberg Fabio Pavan - Mediobanca Juan Gaitan Good afternoon, everyone.

My name is Juan Gaitan, Cellnex's Director of Investor Relations. And I would like to thank you for joining us today for our Q3 2024 Results Conference Call. Today, I'm joined by our CEO, Marco Patuano; and our CFO, Raimon Trias, who will discuss the main highlights of the period and then we will open the line for your questions.



[Operator Instructions] So without further ado, over to you, Marco. Marco Patuano Thank you. Thank you, Juan.

Good afternoon, everyone. So let me please start providing the main business highlights of the period. Q3 confirms once again our capacity to generate solid results, proving the attractiveness of our business model and the alignment for the achievement of all our public targets.

While commercial performance continue to be consistent, coming hand-in-hand with robust operational execution, PoPs are increasing 9.5% compared to last year 6.3% in terms of equivalent PoPs.

And our main sources of co-location have been Digi in Portugal and Plus in Poland. In terms of BTS, we see strong progress from Bouygues and Iliad in France and from Play in Poland. Our organic revenues, excluding the impact from the disposal of sites in France during the period and other effects, have been increased by 7.

4%. Our organic EBITDA after leases increased 9.8%.

Recurring levered free cash flow now reached €1.256 billion and the free cash flow is €326.