well. Thanks, your Tom, you and all and good morning, families everyone. I are hope doing
than our from another performance can This included and global a XXXX we expected share US, high of hosting two in AFFO record and sheet presentation, note see you acquisitions per number constructing strong achieving balance As quarter completing already our high strengthening previously growth. release another business. on and our and sites, consolidated strong year finished solid higher sizable return had the press across new accretive
proven Our mission referenced footprint, the approach and to earlier. positioned Tom to allocation portfolio, and strong ability capital global across sheet that critical balance our predictable execute long-term power all growth to disciplined, reliable us achieve
to and the But expect year we results path, get our on spend I XXXX growth in for a that full our year a quarter the the expectations, details strong of financial into few of XXXX. part minutes As before have XXXX. I'll
As an you fourth digit quarter we see consolidated revenues, on can the property EBITDA adjusted on neutral base. FX XX, reached AFFO in growth double and slide in
X.X% is led XX.X%. and market, X%. $X.X We year reported Our on million generated of grew revenue prior by fourth billings by in organic X.X% over period, $XXX tenant our consolidated consolidated the US and America X% or a quarter neutral and million, $XXX an billion Africa or more at property in of X.X% the FX basis XX% Latin on international basis growth including than by
QX, growth markets, to international news through As of expected impact American nearly EBITDA back the of cost quarter EBITDA in earlier levels pull the in which organic QX sites, completed in doubled billings and Adjusted in up benefits. X,XXX tenant straight Meanwhile, flow US in construction organic approximately due record slower growth, basis primarily the set year. XX% the activity bit Tower a XXX controls with due to we points previous margins, of XXXX. year-over-year line over by adjusted growth the was
we XX% translated total outpaced our neutral our revenue growth currency than X.X%, growth a AFFO basis on tenant see outlook basis. AFFO revenue adjusted million. slide X% total, $XXX consolidated organic was growth growth a share solid about consolidated strong can and that property full In property tenant neutral of per you billings of X.X%. more that XX, initial including of growth Finally, by billings to X.X% we On EBITDA currency year and on nearly or consolidated
under just items. was impact growth colocations activity negative and in X.X% included point with X% basis from another growth was amendment Churn and through XX Our from billings tenant a escalators. other volume organic generated X.X% there
with in nearly over we in of business commenced gross new US. the million year, $XX million that the monthly $XX For
and Canada supported Our million contributions higher the nearly organic revenue volume assets property in billings and straight less full new growth X% growth approximately than and tenant of amendments billings to colocations from respect With to tenant growth X.X%, US growth, tenant from $XXX X% billings by rate. X.X% organic revenue. to contributed grew of line year
While pricing XX of items. X.X% by about and basis partially impact escalate from points offset a churn roughly has contributed X.X%. other was This negative of
tenants. growth billings XX.X% X% globally Our basis, international International meaningful grew around a network organic nearly again revenue tenant large neutral as by deployed was capital or currency was multinational property revenue concentrated by on by XX items escalators while over X.X% India X.X%. growth, contributed rate X.X% Other added nearly with points, while colocation run and amendment basis just driving was in churn X%.
XX%. the the day over in with tenant billings NOI our average includes Finally, revenue new more in associated one we've M&A our last contributed This one XX,XXX nearly new our than added impact of of few years, sites which over growth. nearly X,XXX XXXX, builds to programs X% the build yield day global through generated
Moving XX. to slide
an where vehicle fuel EBITDA particularly neutral EBITDA in adjusted initial FX outlook XX the driven around basis progress than million. the cost Africa, adjusted a X%, business. XX.X%, we grew On with revenue straight For continuing management, efficiencies reduced strong more by of in adjusted by to over benefits basis, primarily EBITDA year-over-year year, nearly underlying XXXX. points. increasing our continuing margin increase adjusted million we throughout included This line These growth, for expansion and was in liters exceeded by EBITDA $XXX usage our XXXX net by XXX results
with ion end over with in lithium of solar. the of X,XXX than batteries year, we X,XXX more the sites As had
adjusted supported COVID-XX X% previously We May, AFFO March of and in advantage disruption by consolidated strategy. market nearly as cash, our taking XXXX, We full our also per improved credit consolidated growth disciplined a the while growth result avoided caused thereafter. market between by also grew EBITDA. by was AFFO discussed conditions of This share capital and in
management we taxes approximately XXXX billion by XXXX, In kept fact, since CapEx more $X flat our On roughly growth the than over XXXX. and effective cost currency Maintenance and per cash despite by verse in our for of $XX strategic exceeding initial a the million more share. AFFO consolidated expectations were to our facilitated million. closing $X.XX XX.X% able these basis, M&A reduce of efforts structure per by start interest of year neutral than expense share cash $XX
XXXX. a Now, at expectations let's for look our take
numbers, summarize projections. Before of to we high a like key into the assumptions the dig our level I'd surrounding few
for to above First, US we in market, both mix to in level. mobile the are a world. to growing the data monthly new while committed tower international of our expect This particularly be and with usage recurring Carriers spectrum run keep our contractually revenue is densifying in new and expected network gross to the US demand and rate XXXX their growth, additions up around international. technologies due deploy to rapidly new business solid continued space
cancellations the hit with X. to hold combination we in under in T-Mobile, be over MLA expect year, or force due cancellations will QX be of the agreement specifically. and that million, in of XXXX, in for of X.X% our just and part year than $XXX total, primarily off the Sprint churn we more churn Of X% This we next just some our fourth In quarter will in the October includes that churn this T-Mobile outside a Clearwire $XXX churn churning in over expect vast Second, XX%, full majority somewhat the roughly scheduled India. around rate including Sprint run cancellations years, legacy in million elevated four with US, the churn the US annualized X%. normal to of lease as legacy the expect over
to this we this three is being holdover Similar about but in which will in the historical quarter effects In India, Given driven churn primarily of the X% XXXX, case. its consolidation quarters impact be roughly churn in of by impact XXXX, XXXX, AGR is number; to incur an higher than of down level. with in still expect versus is coming we the annualized a XX% XXXX, XXXX.
future closely over and years. will trend for work with are the continue to rates next continue in Indian down several India plan optimistic churn We wireless the to they the carriers that as
from of outlook note excluded would impact transaction associated Telxius we our practice. that our pending financing its historical have and the for I Finally,
in beginning late the layer the continue and We close outlook into tranches the impact in to we'll the deal on update. future plan expect to to quarter, deal multiple second
As AFFO revenue Taking into XX, assets. slide consolidated a midpoint to assets can new account, outlook. of Telxius you these contribution new expect by per we grow reminder, solid we accretive property to by nearly levels be on consolidated assumptions X% expect share. of as overall immediately Supported see to from organic business our
revenue by US of is Canada Our With of and X%. expected to an property growth foreign grow currency including anticipated translation. international positive property X% impacts X.X% revenue approximately
be new in We component expect assets our assumes more organic And a XXXX, up again to a million XXXX. growth monthly our added our than overall new gross DAS outlook XX% basis, business compared rate tower across $XX critical to XXXX. of about run consolidated business as and on of in
efforts gather Turning and monthly steam the On network in continue around slide of more and to Canada; to in a by we expect X% we projecting added densification new to XG US business gross XX, exceed rate what as we organic billings XXXX added growth XXXX deployments in XX%. basis, are progress. tenant than run
we also slower and in activity see However, since QX. some beginning earlier see churn will we XXXX, elevated T-Mobile carryover the And effects in levels particularly year. will from
from is the slight the nor DISH, than note in material and would projections expected billings a performance growth they result, US Canada to and year. I late last significant assume don't As do organic year. lower tenant contributions so that C-band include be in our these
expect placed macro concluded carriers. recently auction, premium will be by there C-band on the of sites. in the spectrum a mid to the saw mid we band deployments on that band continue As tower And we being is huge majority
USA impact particularly and potential and enthusiastic these about We in are XXXX growth, on our of the beyond. Canada deployments
on XXXX. of trends to for and extending data XG saw organic focused the Moving in solid what with usage expect we year, tenant line carriers remain billings Demand with growth on improving as America, Latin in mobile broadly accelerates. we networks around X%
expected Nextel X% last with points items region year, of nearly the Brazil of due basis leases, legacy and we is churn higher offsetting Additionally, agreement be TelefAnica primarily certain to we leases. a due across around escalators in primarily settlement in expect some contractual in the the half than the Partially related XXX reached to region, these tenant on of Mexico the arrangements churn to year. in second to Brazil some
escalators new up to business XX%. we roughly constructing be XXX XXX of in sites X%. On almost are points tenant monthly our basis to around further full of we Africa the XXXX. year, expect Incorporating a year-over-year, gross inorganic offsetting program to for more billings churn anticipate first run around about than rate escalators side, added these XXXX accelerate in increase expect We local about a activity be that function X% The the contributions last sites of is the way Meanwhile, XX to growth tenant expected from with X.X% leading XX% America organic Partially new build Nigeria Latin grow lower our this, higher levels. be year-over-year will CPI. up new of and we by year. largely terms than around anticipate basis billings points anticipate
some reflects Africa. primarily churn South in elevated carrier slightly the While consolidation
another tenant In of XXXX. region. in deployments. from in is advanced and lower network X.X% over of carriers in as The Europe, total, build by builds acceleration expect tenant XXXX. slightly expect also growth up more year we organic activity their expected the with billings business XXXX, Africa, significant in billings churn, new We levels expect planned of combination new than the driven X,XXX XX% In for higher of X% growth to we new drive of being
in organic future anticipating in that around the gross into healthiest with our are business. Germany's X% assets continue drives to tenant that the of starting was optimism existing expected nearly see some in XXXX European accelerations is of We QX level and growth at to billings further our XXXX, growth years.
tenant India, to growth in expect similar billings be roughly in XXXX we organic broadly we what flat Finally, to in XXXX. saw
we wireless exact to respect uncertainty forward remains consolidation with post the AGR. path essentially process complete, there believe is the While industry some
expectation churn. that the historical we higher As XXXX a see incorporates result, will our of outlook than for levels again
be In not addition, second first year; rate up the it impact to new mostly new activity fully in our expect of businesses the monthly due half will from XXXX while added in the to run slightly organic growth XXXX. being
networks respect in is and work tremendous positioned to although nearly billings our As Overall, projected done XG term, expect tenant optimistic remain standards, across a be From is the portfolio typical to organic be clear amount an of down churn of on we from Long There's result, to eventual growth factors to Indian a we What that in a will that there that to digits. rates number bring organic is growth to high structure up capture needs specific be high we marketplace. the business. with similar. growth is XXXX. XX% the return XX%, to to tenants country a acceleration, of less single billings well timing which perspective, the is depend to in path our activity. a think
As and all more, keep we becomes you plan learn as we to clear, will trajectory updated. the
we well flow full in million, midpoint XX. a grow to of transactions activity XXXX. MLA organic At Along growth, T-Mobile. of high X.X%. suit by nearly with or the our accretive This M&A through as the continued $XXX as of recent built and with our to expect EBITDA to adjusted Turning margin outlook, impacts slide year almost includes completed agreement
take continuing to equipment where we solutions. we we addition, power energy including areas additional where and are fuel, can and in to invest expect efficient renewable more in our target efficiencies, In business
reductions around of X.X%, a just total expense future. is in And in expected SG&A anticipate from be cash over we revenue down X% XXXX. property Our as percent further the to
translation. EBITDA adjusted of our include $XX from expectations of the effects impact estimated FX million positive around Finally, an
Moving impacts. we EBITDA FX in $XXX from around growth a versus X.X%. taxes to about cash translational in cash the prior million $XXX consolidate due lower year. to $XX increase and AFFO year-over-year benefits items FX million, next growth, initiative neutral million into the to $XX from recent growth our cash adjusted offsetting convert adjusted of to and interest costs Partially refinancing is the favorable EBITDA or includes these FX This slide, expect neutral million
On CapEx. X.X% we stage expect share if basis, the digit us versus be AFFO the maintenance some year, slight for current achieve a as to we share a expectations. total well per outperformance for consolidated per As growth nearly drive double increase to setting in growth
expected we Tower X,XXX expectations builds being to more to XX%. $X.X as construction our XXXX spend sites discretionary. a with Part X,XXX on expect dividend for our growth are is consistent build capital slide deploy our sites than in global dividend includes to nearly to NOI CapEx, XX, staying average spend of new rate XXXX. CapEx to increase Moving new to subject to JV balance This assuming deployed XXXX. for leverage capital expected highest simultaneously sites was and our that more discretionary towards return A in Day quality. continue assets to our approval. billion more American In for billion In about acquire largely of yields on committed a about We anchor while our in to total, spent CapEx throughout in CapEx $X.X discretionary that in spending an Included new investment our roughly within and deployment year the deployed footprint, tenant around solid and we billion, million on partners. debt the XXX let's to XXXX. $XX nearly than our including American XXXX, builds $X a additional strengthening XX% We also for in And Tower. Africa review of new record compared billion of balanced billion manner of one remains targets $X businesses again our of sheet. assumption India worldwide, discretionary from credit while and around dedicated billion than $X.X these in with allocated buybacks. $X.X XXXX, XX% stakes record again the we and a about board
Including pending talk investment with carriers. more be this addition, to a roughly $X.X of billion. XXXX expect we and total In our in as in geographies acquisition we consideration rated that expect total year minute, XX% for transaction, our will grade deployment in of I'll capital Telxius close investment about this grade
operational year. more same allocation and has As discipline growth this you the per we solid share side our of reoccurring, the and consistent, of see to a balance long-term to enabled consolidated strong the coupled execution, strategy expect on slide, with can us sheet drive AFFO right capital and
expect share. in AFFO around increments generate M&A In per fact, XXXX, builds in of we to XXXX investments in new our consolidated and $X.XX
We continue creation to to believe that stockholder returns attractive on and both consolidated long-term sustainable our value. AFFO per share growth capital critical invested of are
plans our to turning Telxius acquisition. discuss financing Now the for XX, I pending slide will
is our organic transaction this significant buildings drive growth is in the key The we the for of that best the region, rates markets a some the analysis expected business, through it As on will $X.X based to come as Europe. anticipate European billion tenant scale and reminder, to of market transformational purchase our multiple available and delivers closings. and in tower be completing XXXX has in total consideration represents portfolio highest approximately assets
of consist first the in Europe portion late with of in expect the a assets We America assets QX. European closing the closing late to large in Latin remaining QX and
regulatory timeline the this process unfolds. shift may course, as Of
when the finance our of to the at credit As plan rating. our in maintaining we anticipate which we at the manner transaction a net range communicated stood Xx bringing the we include investment will end to XXXX announced with this high up grade consistent temporarily. Xx leverage, We deal,
period. delevering of we over are consistent Importantly, leverage year Xx a down to back our Xx policy with to multi to a organically level stated financial committed net
funded of term notes. credit total plan The front, denominated we balance partners. including to opportunistically revolving recently the debt common may loans our and funding and/or a consider investment our expected the utilize combination to the of senior is one issuances, and new equity, include private preferred more to On raised facilities long-term through minority expect euro which sale stock upsize private be of mandatory unsecured with to European or convertible instruments, stakes of subsidiary capital consideration sources,
select only in telecommunications also capital On capital, but can in we group engaged strategic with have region considerable currently premier, experience the European side, a of not who the provide discussions are specifically. investors private infrastructure in and
quality by are sufficiently raise. on that issuance front, this strategic complement we private if are are and public high capital a We encouraged optimistic a progress attractive, can with equity our terms
dilution and high creation this very common was creation on in with through we stockholders, minimizing rates, year process, value a operational value providing Tower activity, objectives. resilient to and always, new our America our M&A, for long-term continued and strong build while shareholders. On summary, optimizing focused conversion accretive XX, disciplined As our efficiencies, slide for remain record XXXX growth, solid organic
the are our about of excited potential long-term Looking we business. forward,
future you questions? come, compelling significant for from which driving to operations integrate create tenants. with positioned is continued flows are to and less well and mobile, open secular in attractive total new this through returns. complement new the technologies operator, meaningful up ready is to presence to lease lease We revenues expanded please new other tailwind spectrum that, while strong assets European to year, for growth, master account for and will markets. and years the In portfolio as in mature sustainable to deliver comprehensive value quickly expect line capture to And assets Taking able significant with key Our leverage ramping trends growth deployed into will continue activity up cash globally. growth network our Telxius expect stockholder our we the and be stand agreements US, the we
