Liberty Latin America Ltd. · NASDAQ:LILA
Liberty Latin America — Debt Investor Presentation (March 2026)
20 slides from Liberty Latin America's debt investor presentation, March 2026
Slide 1: Liberty Costa Rica Business Overview
LIBERTY COSTA RICA BUSINESS OVERVIEW MARCH 2026
Slide 2: Safe Harbor
“SAFE HARBOR” IMPORTANT NOTICE | FORWARD-LOOKING STATEMENTS | DEFINED TERMS IMPORTANT NOTICE subsidiaries, the impact of our operating companies' future financial performance, or market conditions generally, on the availability, terms and deployment of capital, fluctuations in currency exchange and
Slide 3: Agenda
AGENDA 01 INTRODUCTION 02 KEY BUSINESS HIGHLIGHTS 03 HISTORICAL PERFORMANCE 04 APPENDIX
Slide 4: LLA Operations Across LatAm & the Caribbean
LLA OPERATIONS ACROSS LATAM & THE CARIBBEAN(1) SUBSTANTIAL DIVERSIFICATION ACROSS BUSINESSES & GEOGRAPHIES FY 2025 PUERTO RICO COSTA RICA REVENUE $2.6 $1.2 $0.6 $4.4 BILLION BILLION BILLION BILLION ADJUSTED $1.2 $0.4 $0.2 $1.7 OIBDA BILLION BILLION BILLION BILLION HOMES 2.6 1.2 0.9 4.7 PASSED MILLIO
Slide 5: Proven Leadership
PROVEN LEADERSHIP WORLD-CLASS TEAM WITH DEEP INDUSTRY EXPERTISE COSTA RICA BALAN GUILLERMO JOHANNA NAIR PONCE ESCOBAR • LLA President & Chief • Leading Telefonica Costa • Joined Liberty Global ET Executive Officer since Rica since 2016 & as part of VTR acquisition spin off in 2017 continued in the l
Slide 6: Agenda
AGENDA 01 INTRODUCTION 02 KEY BUSINESS HIGHLIGHTS 03 HISTORICAL PERFORMANCE 04 APPENDIX
Slide 7: Key Business Highlights
KEY BUSINESS HIGHLIGHTS(1) THE CHAMPION OF CONNECTIVITY IN COSTA RICA 1 2 3 4 5 6 DIVERSIFIED FIXED- COMPETITIVE EDGE STRONG LEADING PLAYER LOW LEVERAGE & STRONG ESG MOBILE ASSET & ENHANCED BY MACROECONOMIC IN GROWING ROBUST CAPITAL CREDENTIALS & SBTi STRONG TRACK LEADING ENVIRONMENT MARKET STRUCTUR
Slide 8: Strong Macroeconomic Environment
1 STRONG MACROECONOMIC ENVIRONMENT COSTA RICA: RESILIENT ECONOMY WITH MULTIPLE RATING UPGRADES IN THE PAST YEARS GDP GROWTH(1) GDP PER CAPITA(1) ECONOMIC OUTLOOK(2) PERCENTAGE COSTA RICA LATAM & CARIBBEAN PPP INTERNATIONAL USD THOUSAND | 2024 6 • STEADILY IMPROVING MACROECONOMIC 41 FUNDAMENTALS 30 3
Slide 9: Diversified Fixed-Mobile Asset & Strong Track Record
2 DIVERSIFIED FIXED-MOBILE ASSET & STRONG TRACK RECORD(1) GROWING 4-PLAY PROVIDER WITH PREDOMINANTLY RECURRING REVENUE REVENUE BY PRODUCT(2) RGUs & MOBILE SUBSCRIBERS 2026 KEY PRIORITIES FY 2025 FY 2025 • Continue prepaid-to-postpaid RECURRING migration; leverage 5G standalone roll B REVENUE MOBILE
Slide 10: Leading Player in Growing Market
3 LEADING PLAYER IN GROWING MARKET #1 IN BB & MOBILE; GROWING POSTPAID MARKET SHARE FOCUSING ON POSTPAID & FMC COSTA RICA TELECOMMUNICATIONS MARKET(1) MARKET SHARE GAIN (LOSS) SINCE 2018 BROADBAND SUBSCRIPTION EVOLUTION(2) 2024 NATIONWIDE MARKET SHARE FOR TOP 3 PROVIDERS | PERCENTAGE THOUSANDS ‘20-2
Slide 11: Competitive Edge Enhanced by Leading Infrastructure
4 COMPETITIVE EDGE ENHANCED BY LEADING INFRASTRUCTURE(1) INVESTING IN HIGH-SPEED NETWORKS THROUGH FTTH & 5G TO DRIVE SUSTAINABLE GROWTH FIXED NETWORK MOBILE NETWORK 860 2.1 THOUSAND THOUSAND HOMES CELL SITES PASSED Headend 19K 100 Hub KILOMETERS PERCENT OF FIBER & LEASED SITES COAXIAL CABLE +6 +4pp
Slide 12: Low Leverage & Robust Capital Structure
5 LOW LEVERAGE & ROBUST CAPITAL STRUCTURE NO MATURITIES BEFORE 2031; CURRENCY RISK MANAGED THROUGH FX FORWARDS FINANCING PRINCIPLES KEY METRICS(2) DECEMBER 31, 2025 SEPARATE CREDIT POOLS Independent, ring-fenced structures with no cross-guarantees or cross-defaults $515M $60M SUSTAINABLE LEVERAGE LE
Slide 13: Low Leverage & Robust Balance Sheet Metrics
5 LOW LEVERAGE & ROBUST BALANCE SHEET METRICS(1) FLEXIBLE & PORTABLE CAPITAL STRUCTURE Liberty Latin America Ltd (Bermuda) Borrower / Guarantor of Term Loans Senior Secured covenant group Liberty Costa Rica Holdings Ltd. (Cayman Islands) 88.5% 11.5% LBT CT Communications S.A. (Costa First-ranking pl
Slide 14: Strong ESG Credentials & SBTi Validated Targets
6 STRONG ESG CREDENTIALS & SBTI VALIDATED TARGETS ON TRACK TO MEET SBTi TARGETS ON A LINEAR BASIS LIBERTY COSTA RICA ESG STRATEGY & 2024 EMISSIONS SPT1: SCOPE 1 & 2 GHG EMISSION REDUCTION TARGET MTCO2E 2,000 1,972 (30)% INCREASING SHARE 1.4K BY 2027 SCOPE 1 & 2 OF ELECTRIC VEHICLES MTCO2E 1,800 ENVI
Slide 15: Agenda
AGENDA 01 INTRODUCTION 02 KEY BUSINESS HIGHLIGHTS 03 HISTORICAL PERFORMANCE 04 APPENDIX LIBERTY COSTA RICA | BUSINESS OVERVIEW | MARCH 2026
Slide 16: Key Operational Metrics
KEY OPERATIONAL METRICS(1) MOBILE BASE GROWTH DRIVEN BY POSTPAID; CONSISTENT ADDS IN BROADBAND FIXED RGUS MOBILE SUBSCRIBERS(2) THOUSANDS VOICE VIDEO BROADBAND ‘22-25 CAGR THOUSANDS PREPAID POSTPAID ‘22-25 CAGR 2,086 2,194 2,027 2,053 571 611 528 521 817 905 1,019 1,180 +13% 97 112 +27% 55 76 205 18
Slide 17: Key Financial Metrics
KEY FINANCIAL METRICS(1) CONSISTENT TOPLINE PERFORMANCE & EXPANDING MARGINS REVENUE P&E ADDITIONS CRC BILLION ‘22-25 CAGR CRC BILLION % REVENUE ‘22-25 CAGR +4% 316 318 +1% 285 298 42 41 42 43 FY 22 FY 23 FY 24 FY 25 FY 22 FY 23 FY 24 FY 25 15% P&E ADDITIONS MARGIN 14% ADJUSTED OIBDA ADJUSTED OIBDA L
Slide 18: Agenda
AGENDA 01 INTRODUCTION 02 KEY BUSINESS HIGHLIGHTS 03 HISTORICAL PERFORMANCE 04 APPENDIX
Slide 19: Definitions & Additional Information
DEFINITIONS & ADDITIONAL INFORMATION ARPU GHG Average revenue per unit refers to the average monthly subscription revenue (subscription revenue excludes Greenhouse Gas. interconnect, mobile handset sales and late fees) per average customer relationship or mobile subscriber, as INTERNET (BROADBAND) R
Slide 20: Supplemental Selected Financial Data & Non-GAAP Reconciliations
SUPPLEMENTAL SELECTED FINANCIAL DATA & NON-GAAP RECONCILIATIONS Adjusted OIBDA and Adjusted OIBDA less property and equipment additions are the primary measures used performance that is unaffected by our capital structure and allow management to (i) readily view operating to evaluate the operating p
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