Stock market figures: Cellnex on the stock market

This milestone brought with it an expansion of the shareholder base, providing Cellnex greater liquidity and making it more attractive to investors. At present Cellnex has a solid shareholder base and the consensus of analysts who follow our company maintain a majority recommendation to buy.

Cellnex’s share capital amounts to € 57,920,810 and is divided into 231,683,240 ordinary shares with a nominal value of € 0.25 each, of a single class and series, fully subscribed and paid up. Each share carries one vote.

Cellnex’s capitalisation at 31 December 2016 was € 3.166 billion. The financial year was marked by significant stock market volatility caused by political and market uncertainty, in spite of which Cellnex shares performed 14% better than the selective IBEX 35 index from its launch onto the market in May 2015.

Financial and operating figures

The breakdown of the main financial and operating figures show the degree to which the targets set for 2016 were achieved. From among the main financial figures we would highlight the trends in the following:

• Growth in all businesses, with a stable OPEX (like-for-like) vs. 2015;
• Solid growth of adjusted EBITDA (+23% increase) making it possible to bring the adjusted margin to 41%;of
• Proactive management of CAPEX for maintenance, working capital and taxes, boosting the ration of EBITDA conversion to RLFCF to 87%
• Annual growth of RLFCF per share of 30%, matching the growth rate for the previous year.

The main highlights of the year in the operating figures were:

• 19% increase by sites, with the incorporation of the new companies acquired;
• Successful operational integration of new companies incorporated into the perimeter of the Cellnex group in 2015 and 2016;
• Cellnex has become the main beneficiary of the consolidation of the European market through operations that generate long-term value.

In relation to the reputational figures, 2016 was a particularly noteworthy year for the following reasons:

• Cellnex appeared in the Report from Brand Finance, a consultancy specialising in brand valuation, within the prestigious group of the world’s 500 most valuable companies in the telecommunications sector;
• Cellnex Telecom is one of the three Spanish companies in the IBEX among the group of the 300 companies registered in the CNMC’s register of “lobbies”.

GRI: G4-DMA, G4-9, G4-10, G4-13