America Movil Sab De Cv Class B · BMV:AMX/B

America Movil Sab De Cv Class B — Q4 2023 Earnings Presentation

15 slides from America Movil Sab De Cv Class B's earnings presentation, Feb 14, 2024

  1. Slide 1: Fourth Quarter 2023 Results

    Fourth Quarter 2023 Results February 14th, 2024 Carlos García Moreno | CFO

  2. Slide 2: Ten-year dollar interest rates plummeted back to mid-July levels

    AMÉRICA MÓVIL · Fourth Quarter Results 2023 Ten-year dollar interest rates plummeted back to where they had been in mid-July Ten-Year Interest Rates % 5.0% 4.8% 4.6% 4.4% 4.2% 4.0% 3.9% 3.8% 3.8% 3.6% 22-Sep 14-Jul 6-Oct 29-Dec 30-Jun 28-Jul 3-Nov 1-Dec 11-Aug 25-Aug 15-Dec 17-Nov 8-Sep 20-Oct Sourc

  3. Slide 3: We added 2.7M postpaids in 4Q23, 1.8M from Brazil

    AMÉRICA MÓVIL · Fourth Quarter Results 2023 We added 2.7M postpaids in the 4Q23 with 1.8M coming from Brazil and 329k from Austria Postpaid Net Adds – 4Q23 Thousand 243 83 109 124 329 2,677 1,790 Brazil Austria Argentina Mexico Colombia Others Total Net Adds Others: include the rest of the Americas

  4. Slide 4: On prepaid we gained 1.3M clients from four countries

    AMÉRICA MÓVIL · Fourth Quarter Results 2023 On prepaid we gained 1.3M clients; most of them coming from four countries Prepaid Net Adds – 4Q23 Thousand 128 187 269 278 308 1,252 456 Colombia Mexico Argentina CENAM Brazil Others Total Net Adds Others: include Austria, the rest of the Americas Eastern

  5. Slide 5: Broadband net adds strongest in three years, Mexico 43%

    AMÉRICA MÓVIL · Fourth Quarter Results 2023 Net adds in broadband were the strongest in three years with Mexico contributing 43% of the total Broadband Net Adds – 4Q23 Thousand 47 25 37 51 61 386 165 Mexico Brazl Argentina CENAM Eastern Others Total Net Adds Europe Others: include Austria and the re

  6. Slide 6: Postpaid base most dynamic in annual access growth

    AMÉRICA MÓVIL · Fourth Quarter Results 2023 In annual terms our postpaid base was the most dynamic one in terms of access growth followed by fixed-broadband Access Growth % December 23 vs. December 22 7.0% 4.1% 1.2% -1.8% -2.0% Mobile Prepaid Mobile Postpaid Fixed-Broadband Pay TV Fixed-Voice

  7. Slide 7: YoY EBITDA growth reaccelerated; service revenue growth steady

    AMÉRICA MÓVIL · Fourth Quarter Results 2023 Whereas YoY EBITDA growth reaccelerated in 4Q, service revenue growth remained at the same pace than in 3Q Consolidated Service Revenue & Adjusted EBITDA* % annual change at constant exchange rates 7% 6% 5% 4.6% 4% 3.7% 3% 2% 4Q22 1Q23 2Q23 3Q23 4Q23 Servi

  8. Slide 8: Fifth consecutive quarter of positive revenue growth in fixed and mobile

    AMÉRICA MÓVIL · Fourth Quarter Results 2023 4Q marked the fifth consecutive quarter with positive revenue growth in both the fixed-line and the mobile platforms… Consolidated Mobile & Fixed-Line Service Revenue* % annual change at constant exchange rates 10% 8% 6% 4.2% 4% 2% 3.0% 0% 4Q22 1Q23 2Q23 3

  9. Slide 9: Positive figures in both platforms for the full year

    AMÉRICA MÓVIL · Fourth Quarter Results 2023 …leading to positive figures in both platforms for the full year Consolidated Mobile & Fixed-Line Service Revenue* % annual change at constant exchange rates 10% 8% 6.2% 6% 4% 2.4% 2% 0% -2% 2021 2022 2023 Mobile Service Fixed-Line Service *Information doe

  10. Slide 10: Mobile revenue growth accelerated in CENAM, stable in Mexico

    AMÉRICA MÓVIL · Fourth Quarter Results 2023 Mobile revenue growth continued to accelerate in CENAM, was stable in Mexico & converged to a more “normal” pace in Brazil Mobile Service Revenue Growth % annual change in local currency 25% 12% 10.7% 20% 10% 15% 8% 10% 6% 7.1% 4.5% 5% 4% 0% 2% 4Q22 1Q23 2

  11. Slide 11: Corporate networks led fixed-line revenue, up 8.1% YoY

    AMÉRICA MÓVIL · Fourth Quarter Results 2023 Revenue from corporate networks led the way on the fixed-line platform, expanding 8.1% YoY, followed by broadband up 6.6% Consolidated Fixed-Line Service Revenue* % annual change at constant exchange rates 15% 12% 9% 8.1% 8.1% 6% 6.6% 3% 0% -1.1% -3% -6% 4

  12. Slide 12: Corporate networks revenue growth by country, 4Q23

    AMÉRICA MÓVIL · Fourth Quarter Results 2023 Corporate networks revenue growth was strongest in Eastern Europe, 30%; Colombia, 22%; Ecuador, 29%, and Mexico 14% Corporate Networks Revenue Growth by Country – 4Q23 % annual change in local currency 30.2% 21.6% 19.5% 14.2% 14.1% AMX = 8.1%* 12.5% 6.6% 2

  13. Slide 13: ARP depreciation generates unusual accounting effects under IFRS

    AMÉRICA MÓVIL · Fourth Quarter Results 2023 Given the magnitude of the ARP depreciation, the application of the IFRS rules generates unusual accounting effects Adjusted EBITDA & Net Income– 4Q23 MxP Billion MxP -3.7Bn 204 201 MxP -1.4Bn 78 77 MxP -8.4Bn 26 18 Total Revenue Total Revenue Adjusted EBI

  14. Slide 14: Cash flow plus net borrowings covered CapEx of MxP 156Bn

    AMÉRICA MÓVIL · Fourth Quarter Results 2023 Cash flow plus 21Bn pesos in net borrowings enabled us to cover CapEx of MxP 156Bn, Uses of Funds- 2023 MxP Billion 21 156 212 191 40 12 3 Operating Net Total Funds CapEx Shareholders Labor M& A Cash Flow Borrowings* Distributions Obligations *Net of cash

  15. Slide 15: Fourth Quarter 2023 Results

    Fourth Quarter 2023 Results February 14th, 2024 Carlos García Moreno | CFO

America Movil, S.A.B. de C.V. — Q4 2023 Earnings Presentation on 6ix