SBA Communications Corp. Presents at Barclays Global Technology, Media and Telecommunications Conference, May-22-2013 10:00 AM. Venue: Crowne Plaza Times Square, 1605 Broadway (at 49th Street), New York, New York, United States. Speakers: Brendan T. Cavanagh, Chief Financial Officer and Senior Vice President.

SBA Communications Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenues of $313,071,000 against $192,490,000 in the same period a year ago. Operating income was $56,765,000 against $40,289,000 in the same period a year ago. Interest income was $641,000 against $47,000 in the same period a year ago. Loss before provision for income taxes was $23,017,000 against $21,324,000 in the same period a year ago. Net loss was $22,376,000 against $22,651,000 in the same period a year ago. Net loss attributable to Corporation was $22,376,000 or $0.18 per diluted share against $22,631,000 or $0.20 per diluted share in the same period a year ago. Net cash provided by operating activities was $93,452,000 against $66,040,000 in the same period a year ago. Capital expenditures were $35,621,000 against $24,852,000 in the same period a year ago. Adjusted EBITDA was $187,720,000 against $121,489,000 in the same period a year ago. FFO was $100,308,000 against $59,818,000 in the same period a year ago. Adjusted FFO was $126,251,000 against $75,944,000 in the same period a year ago. Net debt was $5,276,971,000 as on March 31, 2013. AFFO per share increased 46.3% to $0.98 compared to $0.67 in the first quarter of 2012. For the quarter, the company reported, asset impairment and decommission costs of $3,722,000 against $349,000 in the same period a year ago. For the second quarter ending June 30, 2013, the company expects total revenues to be in the range of $305.0 million to $320.0 million, adjusted EBITDA to be in the range of $187.0 million to $193.0 million, AFFO to be in the range of $118.5 million to $127.5 million and discretionary cash capital expenditures to be in the range of $65.0 million to $75.0 million. For the full year 2013, the company expects total revenues to be in the range of $1,227.0 million to $1,262.0 million, adjusted EBITDA to be in the range of $753.0 million to $774.0 million, AFFO to be in the range of $480.0 million to $515.0 million and discretionary cash capital expenditures to be in the range of $379.0 million to $409.0 million.

SBA Communications Corp. (NasdaqGS:SBAC) intends to acquire revenue producing assets in 2013. SBA Communications will spend additional capital on acquiring revenue producing assets not yet identified or under contract, the impact of which is not reflected in the 2013 guidance.