Group Communications & Sustainability

Second Quarter Earnings

On August 15, we reported the second quarter IHS Holdings Limited earnings. For your information, please find consolidated highlights below.

• Constructed 240 new towers, added 7,738 new tenants (7,017 from the MTN South Africa acquisition) and added 2,153 new lease amendments.
• Revenue increased 16.4% (or 9.9% organically) to $467.7 million.
• Adjusted EBITDA was $239.1 million and Adjusted EBITDA margin was 51.1%.
• Loss for the period was $177.5 million.
• Cash from operations was $216.8 million.
• Completed the acquisition of MTN South Africa comprising 5,691 towers in South Africa on May 31, 2022.

To access the earnings materials, including webcast replay, please follow this link.

Defining GHG Emissions Reduction

A key focus this quarter was preparing for the publication of IHS Towers’ Carbon Reduction Roadmap. We continued to work with Ecoact, a climate change consultancy, to quantify Scope 1 and Scope 2 emissions and develop our emissions reduction target. Publishing a quantifiable emissions target is an important step in our efforts to reduce the impact of our operations on the environment and help mitigate climate change.

The Carbon Reduction Roadmap provides a comprehensive strategy for decreasing our emissions, including a goal to reduce the Scope 1 and Scope 2 kilowatt-hour emissions intensity of our tower portfolio by 50% by 2030, using 2021 emissions data as the baseline.

To access the presentation and webcast, please follow this link.

Identifying Material ESG Issues

In August, to strengthen our Environmental, Social and Governance (ESG) agenda, we kicked off our materiality assessment. A materiality assessment is the process by which a company identifies the ESG issues that matter most to its business and stakeholders.

The results of this assessment will help us determine the scope of our future sustainability reports and influence our long-term sustainability strategy. Our first materiality assessment took place in 2020 and concentrated exclusively on internal stakeholders. The scope of this year’s assessment was broadened to engage both internal and external stakeholders, as is best practice, and the results will be communicated in our 2022 Sustainability Report. This will be published in the second quarter of 2023.

Investor Relations Support City Farm in the Bronx

In September, our New York colleagues volunteered at the Green City Force at their Forest Houses Eco- Hub farm site in The Bronx.

The team joined forces with Green City Force members, harvesting vegetables, raking vegetable beds and putting down new mulch so that the farm is ready for a new round of harvest crops. The crops are then offered to the local community in exchange for compost or recycled articles. It was a positive and rewarding day for the team to support a local community and enjoy the autumn sunshine together!