Liberty Latin America Ltd. · NASDAQ:LILA
Liberty Latin America — Investor Presentation (March 2026)
28 slides from Liberty Latin America's investor presentation, March 2026
Slide 1: Cable & Wireless Business Overview
CABLE & WIRELESS BUSINESS OVERVIEW MARCH 2026 1
Slide 2: Safe Harbor
“SAFE HARBOR” IMPORTANT NOTICE | FORWARD-LOOKING STATEMENT | DEFINED TERMS IMPORTANT NOTICE associated with such programming, our ability to achieve forecasted financial and operating targets, the outcome of any pending or threatened litigation, the ability of our operating companies to access cash
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 INGE SMIDTS OSKAR NOOIJ • Became FD in 2020 • GM since 2018 • Joined Liberty Global in • Prior, Liberty Global Chief 2001 Marketing Officer since • Held roles in Investor 2015 Relations, Financial • She has also previously Planning & Ca
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 THE CARIBBEAN 1 2 3 4 5 6 LEADING EMBEDDED POSITIVE DIVERSIFIED ROBUST RESIDENTIAL STRATEGIC FINANCIAL MACROECONOMIC PRODUCTS & BALANCE OPERATOR IN MAINLY INFRASTRUCTURE STRENGTH DYNAMICS GEOGRAPHIES SHEET 2-PLAYER MARKETS ASSET • Caribbean
Slide 8: Positive Macroeconomic Dynamics
1 POSITIVE MACROECONOMIC DYNAMICS(1) SOLID FUNDAMENTALS & INCOME LEVELS SUPPORT FAVORABLE OPERATING ENVIRONMENTS GDP GROWTH GDP PER CAPITA PERCENTAGE GROWTH CARIBBEAN PANAMA LATAM & CARIBBEAN US EU PPP INTERNATIONAL USD THOUSAND | 2024 CARIBBEAN AVERAGE C&W MARKETS 86 16 63 12 41 41 8 21 22 22 25 13
Slide 9: Diversified Products & Geographies | Revenue Split
2 DIVERSIFIED PRODUCTS & GEOGRAPHIES | REVENUE SPLIT(1) FIXED, MOBILE & SUBSEA CONNECTIVITY PROVIDER WITH PREDOMINANTLY USD REVENUE REVENUE BY PRODUCT(2) REVENUE BY GEOGRAPHY REVENUE BY CURRENCY FY 2025 FY 2025 FY 2025 RECURRING BARBADOS FIXED USD, REVENUE SERVICE BAHAMAS 7% 75% USD PEGGED OR LINKED
Slide 10: Diversified Products & Geographies | CVPs
2 DIVERSIFIED PRODUCTS & GEOGRAPHIES | CVPs(1) PRODUCT OFFERINGS FOCUSED ON FMC, POSTPAID & INTEGRATED B2B SOLUTIONS FIXED MOBILE B2B • Pricing power • Increasing postpaid share through • Enterprise: IT-as-a-service, cloud & • Stickier video product given local content prepaid migration & FMC cybers
Slide 11: Leading Residential Operator in Mainly 2-Player Markets
3 LEADING RESIDENTIAL OPERATOR IN MAINLY 2-PLAYER MARKETS(1) FULL-SERVICE PROVIDER IN LESS PENETRATED REGIONS; HEALTHY MARKET STRUCTURES TELECOMMUNICATIONS MARKET FIXED INTERNET PENETRATION(3) OPPORTUNITY TO GROW SHARE SUBSCRIPTIONS PER 100 PEOPLE | 2024 C&W MARKETS 37 37 39 % OF 24 25 FY 2025 30% 1
Slide 12: Leading Residential Operator in Mainly 2-Player Markets
3 LEADING RESIDENTIAL OPERATOR IN MAINLY 2-PLAYER MARKETS(1) WELL-INVESTED & FUTURE PROOFED NETWORKS REQUIRING LOW CAPITAL INTENSITY FIXED FOOTPRINT & MOBILE TECHNOLOGY BY MARKET(2) GIGABIT READINESS(3) TOTAL HOMES PASSED | THOUSANDS FTTH HFC OTHER GIGABIT-READY(3) % OF TOTAL HOMES PASSED PANAMA 995
Slide 13: Embedded Strategic Infrastructure Asset
4 EMBEDDED STRATEGIC INFRASTRUCTURE ASSET(1) LIBERTY NETWORKS: DELIVERING CAPACITY & CONNECTIVITY TO THE REGION SUBSEA & TERRESTRIAL NETWORKS: POINTS OF DIFFERENTIATION PRODUCT STACK UNIQUE, CRITICAL INFRASTRUCTURE SUBSEA | WHOLESALE TERRESTRIAL | ENTERPRISE WITH ~60,000 KILOMETERS OF CABLE 1 MANAGE
Slide 14: Embedded Strategic Infrastructure Asset
4 EMBEDDED STRATEGIC INFRASTRUCTURE ASSET(1) LIBERTY NETWORKS: UNDERLYING TOPLINE GROWTH & STRONG PROFITABILITY REVENUE ADJUSTED OIBDA USD MILLION ENTERPRISE WHOLESALE (EXCL. IRUs) IRUs USD MILLION ADJUSTED OIBDA (EXCL. IRUs) IRUs % REVENUE (EXCL. IRUs) 54% 52% 50% 52% 471 451 453 448 27 70 58 40 27
Slide 15: Financial Strength
5 FINANCIAL STRENGTH(1) ONGOING COST FOCUS & STABLE CAPITAL INTENSITY SUPPORTING CASH FLOW ADJUSTED OIBDA GROWTH BENCHMARK(2) P&E ADDITIONS ADJUSTED OIBDA LESS P&E ADDITIONS FY 2025 | ORGANIC PERCENTAGE GROWTH USD MILLION % REVENUE USD MILLION ‘22-25 CAGR % REVENUE 14% +10% 843 400 387 369 381 764 6
Slide 16: Robust Balance Sheet
6 ROBUST BALANCE SHEET(1) CLEAR & WELL-DEFINED FINANCING STRATEGY; LONG-DATED MATURITY FINANCING PRINCIPLES KEY METRICS DECEMBER 31, 2025 SEPARATE CREDIT POOLS Independent, ring-fenced capital structures with $4.9BN $688M no cross-guarantees or cross-defaults TOTAL THIRD-PARTY DEBT UNDRAWN RCF AVAIL
Slide 17: Robust Balance Sheet
6 ROBUST BALANCE SHEET(1) FLEXIBLE & PORTABLE CAPITAL STRUCTURE Liberty Latin America Ltd. Issuer / Parent Guarantor of Senior Debt Senior Restricted Group Cable & Wireless Communications REPORTING ENTITY Borrowers / guarantors of Senior Secured Debt Limited Senior Secured Restricted Group Other Cen
Slide 18: Agenda
AGENDA 01 INTRODUCTION 02 KEY BUSINESS HIGHLIGHTS 03 HISTORICAL PERFORMANCE 04 APPENDIX
Slide 19: Key C&W Operational Metrics
KEY C&W OPERATIONAL METRICS(1) +3% 2022-2025 BROADBAND RGU CAGR EXCLUDING MELISSA IMPACT; STRONG POSTPAID FIXED RGUs MOBILE SUBSCRIBERS THOUSANDS BROADBAND VIDEO VOICE ‘22-25 CAGR THOUSANDS PREPAID POSTPAID ‘22-25 CAGR 2,267 2,360 2,355 2,237 4,104 3,922 3,920 3,826 596 773 +13% 814 854 855 (1)% 652
Slide 20: Key C&W Financial Metrics
KEY C&W FINANCIAL METRICS TOPLINE GROWTH ENHANCED BY MARGIN EXPANSION DESPITE MELISSA; STABLE P&E ADDS REVENUE P&E ADDITIONS USD MILLION ‘22-25 CAGR USD MILLION % REVENUE ‘22-25 CAGR +2% 2,543 2,586 2,619 2,449 +2% 369 400 381 387 FY 22 FY 23 FY 24 FY 25 FY 22 FY 23 FY 24 FY 25 15% P&E ADDITIONS MAR
Slide 21: Historical Performance Highlights | Liberty Caribbean
HISTORICAL PERFORMANCE HIGHLIGHTS | LIBERTY CARIBBEAN(1) SOLID MOBILE MOMENTUM; STRONG MARGIN EXPANSION DESPITE MELISSA IMPACT INTERNET RGU EVOLUTION REVENUE BY PRODUCT ADJUSTED OIBDA THOUSANDS ‘22-25 CAGR FY 2025 FIXED MOBILE B2B USD MILLION % REVENUE ‘22-25 CAGR (57)K MELISSA-RELATED (2)% +8% 735
Slide 22: Historical Performance Highlights | C&W Panama
HISTORICAL PERFORMANCE HIGHLIGHTS | C&W PANAMA(1) ROBUST RESIDENTIAL KPI TRENDS; 3 YEARS OF DOUBLE-DIGIT ADJUSTED OIBDA GROWTH INTERNET RGU EVOLUTION REVENUE BY PRODUCT ADJUSTED OIBDA THOUSANDS ‘22-25 CAGR FY 2025 FIXED MOBILE B2B USD MILLION % REVENUE ‘22-25 CAGR +17% 299 +10% 270 255 275 228 233 1
Slide 23: Historical Performance Highlights | Liberty Networks
HISTORICAL PERFORMANCE HIGHLIGHTS | LIBERTY NETWORKS(1) SOLID UNDERLYING REVENUE GROWTH & STRONG PROFITABILITY REVENUE REVENUE BY PRODUCT ADJUSTED OIBDA USD MILLION ENTERPRISE WHOLESALE (EXCL. IRUs) IRUs FY 2025 ENTERPRISE WHOLESALE USD MILLION % REVENUE ‘22-25 CAGR (2)% 471 276 262 258 451 453 243
Slide 24: Liberty Caribbean | Recovery Underway Post-Melissa
LIBERTY CARIBBEAN | RECOVERY UNDERWAY POST-MELISSA(1) REBUILDING & STRENGTHENING OUR POSITION IN JAMAICA MOBILE NETWORK FIXED NETWORK • Worked with tower partners for rapid site restoration after ZONE 1 ZONE 2 ZONE 3 hurricane • Represents >50% • ~30% of pre- • Most impacted by of pre-Melissa Meliss
Slide 25: Agenda
AGENDA 01 INTRODUCTION 02 KEY BUSINESS HIGHLIGHTS 03 HISTORICAL PERFORMANCE 04 APPENDIX
Slide 26: Definitions & Additional Information
DEFINITIONS & ADDITIONAL INFORMATION ARPU INTERNET (BROADBAND) RGU Average revenue per unit refers to the average monthly subscription revenue (subscription revenue excludes A home, residential multiple dwelling unit or commercial unit that receives internet services over our network. interconnect,
Slide 27: Non-GAAP Reconciliations
NON-GAAP RECONCILIATIONS Adjusted OIBDA and Adjusted OIBDA less property and equipment additions are the primary measures used to comparisons and benchmarking and (iii) identify strategies to improve operating performance. We believe our evaluate the operating performance. Adjusted OIBDA and Adjuste
Slide 28: Flag Directory
FLAG DIRECTORY Country Flags Country Flag Country Flag Country Flag Country Flag Country Flag Anguilla British Virgin Islands Grenada St. Eustatius The Bahamas Antigua & Barbuda Cayman Islands Jamaica St. Kitts & Nevis Trinidad & Tobago Argentina Colombia Mexico St. Lucia Turks & Caicos United State
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