Megacable Hldgs Sab De Cv Cert Part Ord Cons Of 2 A · BMV:MEGA/CPO
Megacable Hldgs Sab De Cv Cert Part Ord Cons Of 2 A — Megacable Holdings — Q1 2025 Earnings Presentation
14 slides from Megacable Hldgs Sab De Cv Cert Part Ord Cons Of 2 A's earnings presentation, Apr 22, 2025
Slide 1: Megacable Holdings S.A.B. de C.V. 1Q25 Earnings Conference Call
Megacable Holdings S.A.B. de C.V. 1Q25 – Earnings Conference Call
Slide 2: 1Q25 Highlights
1Q25 Highlights Challenging macroeconomic environment International trade tensions and lower GDP growth forecasts Healthy pace of gross additions Quarterly Within the expected range of 150-100k adds per quarter Performance Resilience of our connectivity offering Internet services as the core product
Slide 3: Operative Results
Operative Results
Slide 4: Mass Market
Mass Market Unique Subscribers RGUs +10% +8% 5,613 14,091 5,090 13,057 1Q24 1Q25 1Q24 1Q25 • +523k net adds when compared to 1Q24 • +1.03 million net adds compare to 1Q24 • +93.2k new subscribers at the quarter-end • +163k additions in this quarter • Subscriber growth in both organic and expansion
Slide 5: Operative Results – Subscribers and Net Adds
Operative Results – Subscribers and Net Adds Internet +539k Video -101k Telephony +596k +11% 5,412 vs 1Q24 3,929 3,828 vs 1Q24 4,851 vs 1Q24 +14% 4,873 4,255 +100k -3% +84k -21k vs 4Q24 vs 4Q24 vs 4Q24 1Q24 1Q25 1Q24 1Q25 1Q24 1Q25 +458k Xview Mobile Service +115k +15% 3,521 576 vs 1Q24 3,063 +25% v
Slide 6: ARPU & Churn
ARPU & Churn Churn rate ARPU per Unique Subscriber Mass Segment services MXN 2.6% 2.5% 2.3% 421.7 421.9 421.6 2.1% 1.9% 418.9 417.5 2.6% 2.4% 2.5% 2.1% 2.1% 1.8% 2.1% 2.0% 1.7% 2.1% 1Q24 2Q24 3Q24 4Q24 1Q25 Internet Video Telephony 1Q24 2Q24 3Q24 4Q24 1Q25 • The churn rate of the three services of t
Slide 7: Corporate Segment
Corporate Segment Revenues Breakdown Quarterly Revenues Figures in Millions MXN 7% 1,451 1,403 1,417 1,413 1,389 94 88 99 99 94 93% 1,356 1,315 1,294 1,318 1,314 1Q24 2Q24 3Q24 4Q24 1Q25 MCM Business Tech-Co PCTV MCM Business Tech-Co PCTV Objective of generating greater synergies to maximize profita
Slide 8: Financial Results
Financial Results 8
Slide 9: Quarterly Financial Information
Quarterly Financial Information Revenues EBITDA 8,505 8,607 8,136 8,216 7,985 46.1% 46.3% 44.3% 44.3% +7.8% vs 1Q24 3,681 3,606 43.6% 3,579 3,765 3,984 +8.2% vs 1Q24 1Q24 2Q24 3Q24 4Q24 1Q25 1Q24 2Q24 3Q24 4Q24 1Q25 EBITDA Margin Segment Revenue Net Income 801 723 1,417 1,414 1,451 1,389 1,403 571 5
Slide 10: CAPEX
CAPEX Quarterly CAPEX % of Revenues Considerations Thousands MXN 2,748 2,755 • Marked slowdown trend in Quarterly CAPEX 33.8% 33.5% • In line with our estimate for the quarter 2,483 29.5% 29.2% 2,354 26.8% • CAPEX continues to decline compared 2,308 to 1Q24, represents 26.8% of the revenue 1Q24 2Q24
Slide 11: Leverage
Leverage Leverage Considerations 1.57x • The Net Debt/EBITDA ratio reached 1.54x 1.41x 1.50x • During 1Q25, leverage decreased as expected 1.41x 1.41x • At this level, it remains one of the lowest in the industry 1Q24 2Q24 3Q24 4Q24 1Q25 11
Slide 12: EBITDA - CAPEX
EBITDA - CAPEX 1Q25 - The highest quarter of the last years according with our targets 19.5% 16.6% 14.5% 15.1% 10.5% 10.0% 4.8% 1,676 1,326 1,034 858 824 1,281 357 -6.5% -7.6% -487 -596 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 (EBITDA - CAPEX) % Revenue The Company is focused on reducing CAPEX a
Slide 13: Q&A
MERCADO Q&A MASIVO
Slide 14: Contact
C O N TA C T Esaú Gallegos investor.relations@megacable.com.mx Phone: (+52) 33 3750 0020 ext. 61091