SBA COMMUNICATIONS CORPORATION

(SBAC)
  Report
Real-time Estimate Cboe BZX  -  05/25 11:30:24 am EDT
344.98 USD   -0.60%
05/24TRANSCRIPT : SBA Communications Corporation Presents at RBC Global Communications Infrastructure Conference, May-24-2022 02:40 PM
CI
05/23TRANSCRIPT : SBA Communications Corporation Presents at J.P. Morgan’s 50th Annual Global Technology, Media and Communications Conference 2022, May-23-2022 11:20 AM
CI
05/19TRANSCRIPT : SBA Communications Corporation Presents at MoffettNathanson Annual Media & Communications Summit, May-19-2022 01:00 PM
CI
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Q3 for Supplemental Financial Data 2021-Q3 2021

10/29/2021 EDT

PRESENTATION

SBA Communications Corporation

Supplemental Financial Data

Third Quarter 2021

Key Financial and Operational Measures and Non-GAAP Financial Measures

This Supplemental Financial Data package provides key financial and operational data as well as reconciliations of those non-GAAP financial measures that SBA Communications Corporation ("SBA" or "We") use in evaluating the performance of our business.

These non-GAAP financial measures include (1) Cash Site Leasing Revenue, (2) Core Recurring Cash Leasing Revenue, (3) Tower Cash Flow and Tower Cash Flow Margin, (4) Adjusted EBITDA, Annualized Adjusted EBITDA, and Adjusted EBITDA Margin, (5) Return on Invested Capital, (6) Net Debt, Net Secured Debt, Leverage Ratio, Net Cash Interest Coverage Ratio, and Secured Leverage Ratio, (7) Funds From Operations, Adjusted Funds From Operations, and Adjusted Funds From Operations Per Share and (8) certain financial metrics after eliminating the impact of changes in foreign currency exchange rates (collectively, our "Constant Currency Measures") and other identified non-recurring items. The following pages provide reconciliations of these non-GAAP financial measures to their most comparable GAAP measures and the other information required by Regulation G.

2

KEY FINANCIAL AND OPERATIONAL MEASURES

Bridge of 2020 Total Site Leasing Revenue to 2021 Guidance ($M)

$2,200

Consolidated

$2,125

$1,954

$59

$51

$26

$2,050

$52

($8)

$1,975

$1,747(1)

($46)

$1,900

$1,825

$1,750

$28

$0

$1,675

$46

$44

Domestic

$1,625

$39

$1,575

$1,443(1)

($36)

$1,525

$1,475

$1,558

$1,425

$475

International

$450

$425

$13

$7

$13

($2)

$400

$304(1)

($10)

($8)

$375

$396

$350

2020 Total Site

New Leases and

Escalations

Churn

Non-Organic

Straight-Line

FX

Leasing Revenue

Amendments

Revenue(2)

Revenue

Indicates a reduction in total site leasing revenue

  1. Represents core recurring cash leasing revenue (see page 5 for reconciliation of this non-GAAP metric)
  2. Includes contributions from acquisitions and new infrastructure builds
  3. Includes pass-through reimbursable expenses, amortization of capital contributions for tower augmentations, managed and non-macro business and other miscellaneous items
  4. Based on guidance issued on November 1, 2021

$12

$2,100

$1

$1,680

$11

$420

Other(3)

2021 Total Site

Leasing Revenue

Midpoint (4)

4

Reconciliation of Site Leasing Revenue to Core Recurring

Cash Leasing Revenue

FY 2021 YTD

FY 2020

($M)

Consolidated

Domestic

International

Consolidated

Domestic

International

Total Site Leasing Revenue

$

1,565

$

1,249

$

316

$

1,954

$

1,558

$

396

Less:

Straight-Line Revenue

20

23

(3)

4

6

(2)

Less:

Pass Through Reimbursable Expenses

99

28

71

121

35

86

Less:

Amortization of Capital Contributions

19

18

1

33

32

1

Less:

Managed and Non-Macro Business

18

17

1

22

21

1

Less:

Other Miscellaneous Items

(1)

22

17

5

27

21

6

Core Recurring Cash Leasing Revenue

$

1,387

$

1,146

$

241

$

1,747

$

1,443

$

304

%of Total Site Leasing Revenue

Total Site Leasing Revenue

100%

100%

100%

100%

100%

100%

Less:

Straight-Line Revenue

1%

2%

-1%

0%

0%

-1%

Less:

Pass Through Reimbursable Expenses

6%

2%

22%

6%

2%

22%

Less:

Amortization of Capital Contributions

1%

1%

0%

2%

2%

0%

Less: Managed and Non-Macro Business

1%

1%

0%

1%

1%

0%

Less:

Other Miscellaneous Items

(1)

1%

1%

2%

1%

1%

2%

Core Recurring Cash Leasing Revenue

90%

93%

77%

90%

94%

77%

Note: Percentages may not add up due to rounding

1. Includes out of period billings, cash basis revenues, termination fees and other miscellaneous items

5

Disclaimer

SBA Communications Corporation published this content on 29 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 November 2021 21:28:35 UTC.


© Publicnow 2021
All news about SBA COMMUNICATIONS CORPORATION
05/24TRANSCRIPT : SBA Communications Corporation Presents at RBC Global Communications Infrastr..
CI
05/23TRANSCRIPT : SBA Communications Corporation Presents at J.P. Morgan’s 50th Annual Glo..
CI
05/19TRANSCRIPT : SBA Communications Corporation Presents at MoffettNathanson Annual Media & Co..
CI
05/18SBA COMMUNICATIONS CORPORATION : Ex-dividend day for
FA
05/13SBA COMMUNICATIONS CORP : Submission of Matters to a Vote of Security Holders (form 8-K)
AQ
05/12SBA COMMUNICATIONS CORPORATION : Proxy Statments
CO
05/11SBA Communications Corporation to Speak at the RBC Global Communications Infrastructure..
BU
05/10SBA Communications Corporation to Speak at The JP Morgan 50th Annual Global Technology,..
BU
05/06SBA Communications Corporation to Speak at the Ninth Annual MoffettNathanson Media & Co..
BU
05/02RBC Raises Price Target on SBA Communications to $382 From $370, Maintains Outperform R..
MT
More news
Analyst Recommendations on SBA COMMUNICATIONS CORPORATION
More recommendations
Financials (USD)
Sales 2022 2 515 M - -
Net income 2022 495 M - -
Net Debt 2022 12 735 M - -
P/E ratio 2022 76,5x
Yield 2022 0,82%
Capitalization 37 424 M 37 424 M -
EV / Sales 2022 19,9x
EV / Sales 2023 19,3x
Nbr of Employees 1 596
Free-Float 98,7%
Chart SBA COMMUNICATIONS CORPORATION
Duration : Period :
SBA Communications Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SBA COMMUNICATIONS CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 347,07 $
Average target price 380,94 $
Spread / Average Target 9,76%
EPS Revisions
Managers and Directors
Jeffrey A. Stoops Chairman & President
Brendan Thomas Cavanagh Chief Accounting Officer & Vice President
Steven E. Bernstein Chairman
Jorge Grau Chief Information Officer & Vice President
Dipan D. Patel Executive Vice President-Strategy & Technology
Sector and Competitors