Liberty Latin America Ltd. · NASDAQ:LILA
Liberty Latin America — Q3 2022 Earnings Presentation
21 slides from Liberty Latin America's earnings presentation, Nov 9, 2022
Slide 1: Q3 2022 Investor Call
LIBERTY LATIN AMERICA Q3 2022 INVESTOR CALL November 9, 2022 Part of Liberty Latin America
Slide 2: Safe Harbor: Forward-Looking Statement and Defined Terms
“SAFE HARBOR” FORWARD-LOOKING STATEMENT | DEFINED TERMS FORWARD-LOOKING STATEMENTS AND DISCLAIMER threatened litigation; the ability of our operating companies to access cash of their respective subsidiaries; the impact of our operating companies' future financial performance, or market conditions g
Slide 3: Agenda
AGENDA 01 | EXECUTIVE SUMMARY 02 | FINANCIAL RESULTS 03 | APPENDIX Part of Liberty Latin America
Slide 4: Key Messages
LIBERTY LATIN AMERICA | KEY MESSAGES(1) POSITIVE Q3 UNDERLYING PERFORMANCE EXCLUDING VTR 1 2 3 4 +400K $34M $1.2BN INTERNET 50/50 Q3 SHARE REVENUE & POSTPAID CHILE JV BUYBACK ADDS +3% rebased Over the last Completed >$150m YTD 2022 growth ex VTR twelve months on October 6, 2022 (1) See Appendix for
Slide 5: Fixed | Continued Growth
FIXED | CONTINUED GROWTH(1) ADDITIONS ACROSS ALL SEGMENTS EXCLUDING VTR INTERNET RGU EVOLUTION INTERNET NET RGU ORGANIC ADDITIONS (LOSSES) | IN THOUSANDS PUERTO RICO COSTA RICA 13 15 11 11 6 9 8 8 7 8 10 9 4 4 (3) TOTAL RGU ADDs +25 +29 (4) 0 +7 +13 +12 +12 +10 +14 +12 +15 +16 +21 +10 Q3 21 Q4 21 Q1
Slide 6: Mobile | Operational Strategy Drives Additions
MOBILE | OPERATIONAL STRATEGY DRIVES ADDITIONS(1) CONTINUED POSTPAID MOMENTUM MOBILE POSTPAID SUBSCRIBER EVOLUTION MOBILE NET POSTPAID ORGANIC ADDITIONS (LOSSES) | IN THOUSANDS PUERTO RICO COSTA RICA 39 44 31 30 31 15 19 18 14 21 15 9 12 11 9 TOTAL SUB ADDs +24 +51 +9 +35 +50 (3) (1) +30 +14 +14 +37
Slide 7: B2B | Delivering Growth Across the Group
B2B | DELIVERING GROWTH ACROSS THE GROUP(1) TRUSTED BY CUSTOMERS TO PROVIDE COMPREHENSIVE & RELIABLE SOLUTIONS B2B REVENUE B2B REVENUE BY REPORTING SEGMENT(2) IN USD MILLIONS Q3 2022 | IN USD MILLIONS % OF TOTAL +1% 133 36% • Full-service offering with leading coverage REBASED 334 345 103 28% • Uniq
Slide 8: C&W Networks & LatAm | Strong Conversion
C&W NETWORKS & LATAM | STRONG CONVERSION(1) SUBSTANTIAL % OF REVENUE IN US DOLLARS SUBSEA & TERRESTRIAL NETWORK OVERVIEW REVENUE BY GEOGRAPHY Q3 2022 1 DIVERSIFIED REVENUE PORTFOLIO OTHER >80% USD $103 2 HIGHLY CASH GENERATIVE MILLION UNIQUE, CRITICAL 3 INFRASTRUCTURE ADJ. OIBDA LESS P&E ADDITIONS C
Slide 9: Liberty Puerto Rico | Operational Progress
LIBERTY PUERTO RICO | OPERATIONAL PROGRESS DELIVERING LEADING SERVICES & BUILDING FOUNDATION FOR FUTURE GROWTH COMMERCIAL INTEGRATION HURRICANE USVI MOMENTUM PROGRESS FIONA IMPACT OPPORTUNITY • Network strength • Mobile core and IT platforms • Supported customers • FTTH build underway underpinning s
Slide 10: Strategic Vision | Delivering Stakeholder Value
STRATEGIC VISION | DELIVERING STAKEHOLDER VALUE INVESTMENTS, OPERATIONAL FOCUS & INTEGRATION BENEFITS TO DRIVE GROWTH NETWORKS & IT COMMERCIAL CAPITAL ALLOCATION Fixed Mobile New builds & upgrades Inorganic strategy Convergence (FMC) 5G core Customer focus Share buyback IT transformation Product dev
Slide 11: Agenda
AGENDA 01 | EXECUTIVE SUMMARY 02 | FINANCIAL RESULTS 03 | APPENDIX Part of Liberty Latin America
Slide 12: Group Revenue and Adjusted OIBDA
GROUP REVENUE AND ADJUSTED OIBDA(1) REBASED PERFORMANCE EX VTR IMPACTED BY HURRICANE & INCREMENTAL INTEGRATION REVENUE IN USD MILLIONS REVENUE CONSOLIDATED EX VTR —% 3% • Changes to segment reporting REBASED REBASED • Claro Panama – first full quarter 1,196 1,222 1,003 1,092 • Hurricane Fiona negati
Slide 13: Segment Financial Results
SEGMENT FINANCIAL RESULTS(1) TOP-LINE MOMENTUM Q3 2022 IN USD MILLIONS 16% 18% 11% AS % OF AS % OF AS % OF 359 REVENUE REVENUE REVENUE 133 173 103 59 47 30 59 12 REVENUE ADJ. P&E ADDs REVENUE ADJ. P&E ADDs REVENUE ADJ. P&E ADDs OIBDA OIBDA OIBDA REBASED VS PY +3% +11% +2% (5)% (1)% (4)% PUERTO RICO
Slide 14: Balance Sheet & Liquidity Position
BALANCE SHEET & LIQUIDITY POSITION(1) LONG DATED MATURITIES & INTEREST RATE HEDGES KEY METRICS MATURITY SCHEDULE(6) 2022 FINANCIAL GUIDANCE LLA CORP CREDIT SILOS $8.0 4.9X 4.5X 87% PREVIOUS UPDATED BILLION GROSS NET TOTAL TOTAL DEBT DEBT LEVERAGE(2) 5.6 5.2 13% PERCENT YEARS P&E ~18% ~18% CASH(3) WA
Slide 15: Conclusions
CONCLUSIONS(1) FOCUS ON DELIVERING 2022 & INTEGRATION 1 2 3 4 INORGANIC FOCUS ON Q4 SEASONAL CAPITAL STRATEGY INTEGRATION STRENGTH ALLOCATION Completion of Chilean Significant value Improved performance & Focused on driving joint venture through synergies Adj. FCF growth stakeholder value (1) See Ap
Slide 16: Agenda
AGENDA 01 | EXECUTIVE SUMMARY 02 | FINANCIAL RESULTS 03 | APPENDIX Part of Liberty Latin America
Slide 17: Definitions & Additional Information
DEFINITIONS & ADDITIONAL INFORMATION ADJUSTED OIBDA MARGIN Rico segment postpaid subscriber count includes Corporate Responsible Users (CRUs), which represent an Calculated by dividing Adjusted OIBDA by total revenue for the applicable period. individual receiving mobile services through an organiza
Slide 18: Information on Rebased Growth
INFORMATION ON REBASED GROWTH Rebase growth rates are a non-GAAP measure. For purposes of calculating rebased growth rates on a deem appropriate. We do not adjust pre-acquisition periods to eliminate nonrecurring items or to give comparable basis for all businesses that we owned during the current y
Slide 19: Information on B2B Revenue Rebased Growth
INFORMATION ON B2B REVENUE REBASED GROWTH Rebase growth rates are a non-GAAP measure. For purposes of calculating rebased growth rates on a during post-acquisition periods. As we did not own or operate the acquired entities during the pre-acquisition comparable basis for all businesses that we owned
Slide 20: Adjusted OIBDA & Adjusted OIBDA less P&E Additions Definition & Reconciliation
ADJUSTED OIBDA & ADJUSTED OIBDA LESS P&E ADDITIONS DEFINITION & RECONCILIATION Adjusted OIBDA and Adjusted OIBDA less P&E Additions, each a non-GAAP measure, are the primary recurring operating performance that is unaffected by our capital structure and allows management to (i) readily measures used
Slide 21: Consolidated Leverage Ratio Definition & Reconciliation
CONSOLIDATED LEVERAGE RATIO DEFINITION & RECONCILIATION We have set forth below our consolidated leverage and net leverage ratios, inclusive and exclusive of VTR in light of the deconsolidation of VTR that occurred in connection with the closing of the Chile JV in October 2022.Our consolidated lever
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