Liberty Latin America Ltd. · NASDAQ:LILA
Liberty Latin America — Q2 2017 Earnings Presentation
21 slides from Liberty Latin America's earnings presentation, Aug 8, 2017
Slide 1: LiLAC Group Investor Call
LILAC GROUP INVESTOR CALL Q2 2017 | AUGUST 8, 2017
Slide 2: Safe Harbor: Forward-Looking Statements + Disclaimer
“SAFE HARBOR” Forward-Looking Statements + Disclaimer the outcome of any pending or threatened litigation; the ability of our operating companies and affiliates to access cash of their respective subsidiaries; the This presentation contains forward-looking statements within the meaning of impact of
Slide 3: Executive Summary
Slide 4: LiLAC Group Highlights
LILAC GROUP | HIGHLIGHTS 1 IMPROVING 2 BENEFITING 3 SPIN-OFF 2017 4 FINANCIAL FROM TARGETED GUIDANCE RESULTS SCALE FOR ~YE 2017 UPDATE STABILIZING CWC LEVERAGING LIBERTY CONFIDENTIALLY CONFIRMING FULL-YEAR TOP-LINE & 10.5% GLOBAL’S KNOW-HOW & SUBMITTED DRAFT S-1 2017 OCF AND REBASED OCF GROWTH PRODU
Slide 5: LiLAC Group Long-Term Growth Drivers
LILAC GROUP | LONG-TERM GROWTH DRIVERS Three Core Pillars to Underpin LiLAC’s Future Success Hedging long-tenured maturities Underpenetrated high-speed Fragmented LatAm telco space fortifies balance sheet & de-risks connectivity and stabilizing economic provides opportunities for regional return pro
Slide 6: VTR: Strong Operating Momentum
VTR | STRONG OPERATING MOMENTUM Q2 Success Fueled by Video and Broadband Superiority OPERATIONAL UPDATE RGU ADDITIONS MOBILE RESONATING IN THOUSANDS POSTPAID ADDS IN THOUSANDS • Record 15,000 postpaid mobile net adds in Q2 30 BROADBAND 26 • Increased entry-tier broadband speed to 30 Mbps 14 15 10 VI
Slide 7: LCPR: Solid Execution Continues
LCPR | SOLID EXECUTION CONTINUES Product Leadership and Cost Discipline Offsets Challenging Macro Environment OPERATIONAL UPDATE RGU ADDITIONS CUSTOMER ADDITIONS IN THOUSANDS IN THOUSANDS • U-Pick bundles gaining further traction 30 0 BROADBAND 30 0 • Added 25 HD channels year-to-date (2) (2) VIDEO
Slide 8: Cable & Wireless: Driving Greater Efficiency
CABLE & WIRELESS | DRIVING GREATER EFFICIENCY Continued Investments in Enhanced Products and Services to Underpin Future Growth OPERATIONAL UPDATE RGU ADDITIONS MOBILE ADDITIONS IN THOUSANDS SUBSCRIBERS IN THOUSANDS • Financial performance stabilizing; actions underway to drive H2 growth 5 (9) 1 BRO
Slide 9: Financial Results
Slide 10: Q2 2017 Financial Results
Q2 2017 FINANCIAL RESULTS $1.6 bn of Liquidity with ~$600 Million of Cash I Over $20 Million of Equity Repurchased in Q2 REVENUE OCF P&E ADDITIONS (1) (1) (1) USD MM USD MM USD MM 2% REBASED GROWTH 10.5% REBASED GROWTH 22% 19% AS % OF REVENUE $900 $921 $333 $368 $201 $171 Legacy Legacy CWC Legacy CW
Slide 11: Q2 2017 Regional Financial Results
Q2 2017 REGIONAL FINANCIAL RESULTS OCF Growth Across All Three Regions; Confirm Full-Year 2017 OCF and Adjusted FCF Guidance REVENUE GROWTH OCF GROWTH Q2 2017 ON A REBASED BASIS Q2 2017 ON A REBASED BASIS 11% 11% 10.5% 8% 7% 2% 1% 1% LCPR VTR CWC TOTAL LCPR VTR CWC TOTAL 2017 LILAC FINANCIAL TARGETS
Slide 12: LiLAC Group Conclusions
LILAC GROUP CONCLUSIONS Continued Product Innovation, Network Expansion and Efficiency Savings to Underpin H2 IMPROVED CWC Q2 FINANCIAL RESULTS; VTR AND LCPR CONTINUE TO DELIVER ROBUST RESULTS EARLY BENEFITS OF INTEGRATION EFFICIENCIES CONFIRMING FULL-YEAR 2017 OCF AND ADJUSTED FCF GUIDANCE TARGETS
Slide 13: Appendix
Slide 14: Definitions and Additional Information
DEFINITIONS AND ADDITIONAL INFORMATION U.S. GAAP means accounting principles generally adjustments, but include the impact of changes in DTH Subscriber is a home, residential multiple accepted in the United States. RGUs from the date of acquisition. All subscriber/RGU dwelling unit or commercial uni
Slide 15: Definitions and Additional Information
DEFINITIONS AND ADDITIONAL INFORMATION Homes Passed are homes, residential multiple believe to be the most reliable information that is 11 of Regulation S-X. In addition, the rebased growth dwelling units or commercial units that can be currently available to us (generally pre-acquisition percentage
Slide 16: Definitions and Additional Information
DEFINITIONS AND ADDITIONAL INFORMATION Information on Revenue: Beginning April 1, 2017, we changed the categories for our revenue in order to align to our internal categories. We also applied these changes retroactively to the prior-year periods. The new categories are: • Residential cable subscript
Slide 17: Operating Cash Flow Definition and Reconciliation
OPERATING CASH FLOW DEFINITION AND RECONCILIATION As used herein, OCF has the same meaning as the losses on the disposition of long-lived assets, (b) third- our OCF measure is useful to investors because it is term "Adjusted OIBDA" that is referenced in our Form party costs directly associated with
Slide 18: Adjusted Free Cash Flow Definition and Reconciliations
ADJUSTED FREE CASH FLOW DEFINITION AND RECONCILIATIONS(*) We define Adjusted Free Cash Flow as net cash should not be understood to represent our ability to Stock Compensation, Improvements to Employee provided by our operating activities, plus (i) cash fund discretionary amounts, as we have various
Slide 19: Definitions and Additional Information
DEFINITIONS AND ADDITIONAL INFORMATION Adjusted Free Cash Flow 1) For purposes of our consolidated statements of cash flows, expenses financed by an intermediary are treated as hypothetical operating cash outflows and hypothetical financing cash inflows when the expenses are incurred. When we pay th
Slide 20: Q2 2016 Combined Financial Information
Q2 2016 COMBINED FINANCIAL INFORMATION The following table provides the Q2 2016 combined meaningful comparison. This combination was not revenue, OCF and property and equipment additions prepared with a view towards complying with Article of the LiLAC Group, and the pre-acquisition amounts 11 or Reg
Slide 21: CWC and Carve-Out Entities OCF to IASB-IFRS Adjusted EBITDA Reconciliation
CWC AND CARVE-OUT ENTITIES OCF TO IASB-IFRS ADJUSTED EBITDA SEC REGULATION G RECONCILIATION On May 16, 2016, Liberty Global completed the IFRS as promulgated by the International Accounting acquisition of CWC and on April 1, 2017, Liberty Standards Board (IASB-IFRS) based on Liberty Global completed
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