Creating value in the Company

2015 has been a key year for Cellnex in relation to the objective of sustained value creation for the Company, shareholders, customers, suppliers and society as a whole.

Liquidity and cash flow generation

The success of the Cellnex IPO has demonstrated the strength of its value proposition, a combination of ongoing service contracts and cash-flow visibility, key elements for creating growth.

The ability to generate stable and growing cash flow also ensures that value is steadily created over time for shareholders.

Investment and capital resources

Cellnex investment strategy has a long-term focus that embodies the concepts of selection, discipline and industrial approach. The Company applies strict investment criteria focused on quality assets, with a minimum rate of return and a sustainable balance sheet structure.

The current main objective in this regard is based on identifying new opportunities for Cellnex in Europe, consolidating the position already established in Italy and Spain.

Tax contribution

Cellnex applies fiscal criteria consistent with administrative doctrine and jurisprudence, maintaining appropriate relations with the relevant tax authorities and meets its tax obligations in all the territories in which it operates, currently Spain and Italy.

Likewise, the company applies fiscal criteria consistent with administrative doctrine and jurisprudence, maintaining appropriate relations with the relevant tax authorities.

Cellnex is sensitive to and aware of its responsibility in the economic development of the societies in which it operates, helping to create economic value by paying taxes, both on its own account and those collected from third parties. Accordingly, the Company makes a substantial effort and pays great attention to fulfilling its tax obligations, in accordance with the applicable rules in each territory.

Cellnex’s total tax contribution in 2015 amounted to 132.3 million euros.

GRI: G4-EC1

 For more information see Consolidated Financial Statements