Liberty Latin America Ltd. · NASDAQ:LILA
Liberty Latin America — Q1 2025 Earnings Presentation
25 slides from Liberty Latin America's earnings presentation, May 8, 2025
Slide 1: Liberty Latin America Q1 2025 Investor Call
LIBERTY LATIN AMERICA Q1 2025 INVESTOR CALL May 8, 2025 Part of Liberty Latin America
Slide 2: Safe Harbor: Forward-Looking Statements and Defined Terms
“SAFE HARBOR” FORWARD-LOOKING STATEMENT | DEFINED TERMS FORWARD-LOOKING STATEMENTS & DISCLAIMER capital; fluctuations in currency exchange and interest rates; the ability of suppliers and vendors to timely deliver quality products, equipment, software, services and access; our ability to adequately
Slide 3: Agenda
AGENDA 01 | EXECUTIVE SUMMARY 02 | FINANCIAL RESULTS 03 | APPENDIX
Slide 4: Liberty Latin America Key Messages
LIBERTY LATIN AMERICA | KEY MESSAGES(1) SOLID START TO THE YEAR 1 2 3 4 +44K >30% +8% +20% INTERNET & FMC PENETRATION ADJUSTED ADJUSTED OIBDA POSTPAID IN MOST KEY OIBDA REBASED LESS P&E ADDS NET ADDS MARKETS GROWTH YoY GROWTH YoY Momentum in Liberty C&W Caribbean most YoY double-digit rebased Driven
Slide 5: C&W Credit Silo
C&W CREDIT SILO LIBERTY LATIN AMERICA | Q3 2019 INVESTOR CALL | NOVEMBER 6, 2019 5
Slide 6: C&W Caribbean B2C Service Rebased Revenue Uplift
C&W CARIBBEAN | B2C SERVICE REBASED REVENUE UPLIFT(1) CONTINUED SUCCESS WITH OUR DATA SOLUTIONS & FMC CUSTOMER VALUE PROPOSITIONS INTERNET RGU EVOLUTION REVENUE BY PRODUCT KEY MESSAGES INTERNET NET RGU ORGANIC ADDITIONS (LOSSES) | IN THOUSANDS Q1 2025 FIXED MOBILE B2B YoY ADDs (12) • Back to interne
Slide 7: C&W Panama Record Q1 Rebased Revenue Growth
C&W PANAMA | RECORD Q1 REBASED REVENUE GROWTH(1) MOBILE MARKET REPAIR IN PROGRESS INTERNET RGU EVOLUTION REVENUE BY PRODUCT KEY MESSAGES INTERNET NET RGU ORGANIC ADDITIONS (LOSSES) | IN THOUSANDS Q1 2025 FIXED MOBILE B2B YoY ADDs +19 • Additions across all fixed products driven by increase in 3-play
Slide 8: Liberty Networks Solid Top-Line Expansion
LIBERTY NETWORKS | SOLID TOP-LINE EXPANSION(1) PROGRESS ON NEW MANTA SUBSEA SYSTEM BUILDOUT YoY REVENUE EVOLUTION REVENUE BY PRODUCT KEY MESSAGES IN USD MILLIONS ENTERPRISE WHOLESALE (EXCL. IRUs) IRUs Q1 2025 ENTERPRISE WHOLESALE ENTERPRISE 109 110 7 • IT as a Service & Connectivity growth 9 CREDIT
Slide 9: LCR Credit Silo
LCR CREDIT SILO LIBERTY LATIN AMERICA | Q3 2019 INVESTOR CALL | NOVEMBER 6, 2019 9
Slide 10: Liberty Costa Rica Operating Momentum
LIBERTY COSTA RICA | OPERATING MOMENTUM(1) MARKETING FOCUS ON FMC PROPOSITION LIBERTY TOTAL INTERNET RGU EVOLUTION REVENUE BY PRODUCT KEY MESSAGES INTERNET NET RGU ORGANIC ADDITIONS (LOSSES) | IN THOUSANDS Q1 2025 FIXED MOBILE B2B YoY ADDs +15 • Fixed volume growth despite competitive environment 62
Slide 11: LPR Credit Silo
LPR CREDIT SILO LIBERTY LATIN AMERICA | Q3 2019 INVESTOR CALL | NOVEMBER 6, 2019 11
Slide 12: Liberty Puerto Rico Relaunching Postpaid
LIBERTY PUERTO RICO | RELAUNCHING POSTPAID(1) CONTINUOUS IMPROVEMENT IN VOLUNTARY POSTPAID CHURN INTERNET RGU EVOLUTION REVENUE BY PRODUCT KEY MESSAGES INTERNET NET RGU ORGANIC ADDITIONS (LOSSES) | IN THOUSANDS Q1 2025 FIXED MOBILE B2B OTHER YoY ADDs (9) O/W (9)K ACP • Fixed business broadly stable:
Slide 13: Agenda
AGENDA 01 | EXECUTIVE SUMMARY 02 | FINANCIAL RESULTS 03 | APPENDIX
Slide 14: Q1 2025 Group Financial Performance
Q1 2025 GROUP FINANCIAL PERFORMANCE(1) INCREASING OPERATING LEVERAGE; DECREASING CAPITAL INTENSITY REVENUE ADJUSTED OIBDA ADJ. OIBDA LESS P&E ADDS ADJUSTED FCF IN USD MILLIONS; REBASED GROWTH RATE IN USD MILLIONS; REBASED GROWTH RATE IN USD MILLIONS; AS PERCENTAGE OF REVENUE IN USD MILLIONS; ABSOLUT
Slide 15: Segment Financial Results: C&W Credit Silo
SEGMENT FINANCIAL RESULTS | C&W CREDIT SILO(1) SOLID TOP-LINE PERFORMANCE & +4PP MARGIN EXPANSION CARIBBEAN Q1 2025 IN USD MILLIONS 10% 8% 17% 11% • Caribbean 5% mobile AS % OF AS % OF AS % OF AS % OF REVENUE REVENUE REVENUE REVENUE rebased revenue growth YoY boosted by FMC; 364 629 173 177 296 marg
Slide 16: Segment Financial Results: LPR & LCR Credit Silos
SEGMENT FINANCIAL RESULTS | LPR & LCR CREDIT SILOS(1) LPR YOY ADJUSTED OIBDA PROGRESS; LCR REVENUE GROWTH DRIVEN BY MOBILE PUERTO RICO COSTA RICA Q1 2025 Q1 2025 IN USD MILLIONS • 1% fixed rebased revenue IN USD MILLIONS • 7% fixed rebased revenue 10% decline YoY due to ACP & 10% decline YoY driven
Slide 17: Balance Sheet & Liquidity Position
BALANCE SHEET & LIQUIDITY POSITION(1) SILOED CAPITAL STRUCTURES; 50% OF DEBT DUE IN 2031 OR BEYOND KEY METRICS LLA FINANCING PRINCIPLES SEPARATE CREDIT POOLS $8.2 6.5 $0.6 Independent, ring-fenced capital structures with no cross- BILLION PERCENT BILLION guarantees or cross-defaults TOTAL TOTAL DEBT
Slide 18: Conclusions
CONCLUSIONS(1) EXPECTING ROBUST LLA ADJUSTED OIBDA & ADJUSTED FCF BEFORE DISTRIBUTIONS EXPANSION IN 2025 1 2 3 SOLID LPR CONSTRUCTIVE 2025 START REBUILD GROUP OUTLOOK Slower cadence of recovery in Strong focus on cost-out & P&E FMC driving strong KPIs on Puerto Rico drives guidance additions efficie
Slide 19: Agenda
AGENDA 01 | EXECUTIVE SUMMARY 02 | FINANCIAL RESULTS 03 | APPENDIX
Slide 20: Definitions & Additional Information
DEFINITIONS & ADDITIONAL INFORMATION ACP IRU Affordable Connectivity Program. Indefeasible right of use. ARPU MOBILE SUBSCRIBERS Average revenue per unit refers to the average monthly subscription revenue (subscription revenue excludes Our mobile subscriber count represents the number of active subs
Slide 21: 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 acquisition periods. As we did not own or operate the acquired entities during the pre-acquisition periods, no comparable basis for all businesses that we owned during the
Slide 22: Information on Rebased Growth (Cont.)
INFORMATION ON REBASED GROWTH (CONT.) Rebase growth rates are a non-GAAP measure. For purposes of calculating rebased growth rates on a acquisition periods. As we did not own or operate the acquired entities during the pre-acquisition periods, no comparable basis for all businesses that we owned dur
Slide 23: Adjusted Free Cash Flow Definition & Reconciliation
ADJUSTED FREE CASH FLOW DEFINITION & RECONCILIATION We define Adjusted Free Cash Flow (Adjusted FCF), a non-GAAP measure, as net cash provided by our distributions to noncontrolling interest owners. We believe that our presentation of Adjusted FCF provides operating activities, plus (i) cash payment
Slide 24: Adjusted OIBDA Definition & Reconciliation
ADJUSTED OIBDA DEFINITION & RECONCILIATION(1) On a consolidated basis, Adjusted OIBDA is a non-U.S. GAAP measure. Adjusted OIBDA is the primary different countries in which we operate. We believe our Adjusted OIBDA measure is useful to investors because measure used by our CODM, our Chief Executive
Slide 25: Consolidated Leverage Ratio Definition & Reconciliation
CONSOLIDATED LEVERAGE RATIO DEFINITION & RECONCILIATION We have set forth below our consolidated leverage and net leverage ratios. Our consolidated leverage and net measured using swapped foreign currency rates. We believe our consolidated leverage and net leverage ratios leverage ratios (Consolidat
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