Millicom International Cellular S.a. · NASDAQ:TIGO
Millicom International Cellular — Q1 2009 Earnings Presentation
6 slides from Millicom International Cellular's earnings presentation, Apr 21, 2009
Slide 1: Revenue growth in Q1 negatively impacted by currency devaluations
Revenue growth in Q1 09 has been negatively impacted by revenue erosion of 9% due to net depreciations of currencies in the countries in which Millicom operates . In particular, currency devaluations have continue to affect the Ghanaian cedi (45% devaluation vs. the dollar over a year), the Colombia
Slide 2: Quarterly YoY Growth and Cellular ARPU
Quarterly YoY Growth ** Cellular ARPU ($) Subscribers Revenues EBITDA Q1 09 29% 6% 11% 9.4* Q4 08 38% 18% 31% 10.7 * Q3 08 53% 27% 25% 11.5 Q2 08 58% 37% 34% 12.1 Q1 08 5 8 % 42% 36% 12.7 * revenues for ARPU calculation exclude Amnet and Navega ** excluding discontinued operations
Slide 3: Central America Revenues and EBITDA (US$m)
Central America Revenues and EBITDA (US$m) a0 342 m0 187 188 185 199 183 a4 2008 22 2008 3 2008 4 2008 ax 2008 55% 55% 54% 56% 36% TRcoa cee oa ccsn Gann
Slide 4: Regional growth and ARPU
Quarterly YoY Growth ARPU($) Subscribers Revenues EBITDA Q1 09 20% 2% 29% 10.4 Q4 08 27% 9% 33% 11.8 Q3 08 36% 27% 21% 12.9 Q2 08 42% 35% 25 % 12.7 Q1 08 43% 38% 30% 12.5
Slide 5: Regional growth and ARPU (excludes discontinued operations)
Quarterly YoY Growth (i) ARPU ($) Subscribers Revenues EBITDA Q1 09 52% 5% 12% 6.2 Q4 08 63% 28% 41% 7.1 Q3 08 87% 56% 83% 8.0 Q2 08 9 3 % 70 % 6 4 % 8. 8 Q1 08 72% 6 1 % 33% 9. 4 (i) Excludes disco ntinued operations
Slide 6: Regional growth and ARPU
Quarterly YoY Growth ARPU ($) Subscribers Revenues EBITDA Q1 09 34% 7% (3)% 6.2 Q4 08 47% 20% 18% 6.6 Q3 08 52 % 34 % 17 % 7.4 Q2 08 50% 38% 33% 8.1 Q1 08 49% 49% 45% 8.7
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