Liberty Latin America Ltd. · NASDAQ:LILA
Liberty Latin America — Q3 2022 Earnings Presentation
26 slides from Liberty Latin America's earnings presentation, November 2022
Slide 1: November 2022
NOVEMBER 2022 Part of Liberty Latin America 1
Slide 2: Important Notices
LLA PURPLE SLIDES IMPORTANT – HR USE NOTICES Disclaimer restore networks in the markets impacted by hurricanes or generally to respond to any such events; the continued use by subscribers and potential subscribers of our services and their willingness to upgrade to our more advanced This presentatio
Slide 3: Liberty Latin America
LLA PURPLE SLIDES – HR USE LIBERTY LATIN AMERICA Part of Liberty Latin America 3
Slide 4: Our Vision
KO. OUR VISION » Jo pring innovation that will create moments that matter to our Customers, Celivering growth in our markets with one vision, one culture, one team.
Slide 5: Investment Highlights
LLA PURPLE SLIDES INVESTMENT – HR USE HIGHLIGHTS (1) ATTRACTIVE GROWTH OPPORTUNITY UNDERPINNED BY LEADING ASSETS END-TO-END COMMUNICATIONS PLATFORM leveraging the power of a market-leading sub-sea network, 8.1 3.8 MILLION MILLION fixed-line networks & mobile platforms MOBILE FIXED SUBs RGUs ATTRACTI
Slide 6: Operations across LatAm & the Caribbean
LLA LLAPURPLE SLIDESACROSS OPERATIONS – HR USELATAM & THE CARIBBEAN (1) SUBSTANTIAL DIVERSIFICATION ACROSS BUSINESSES & GEOGRAPHIES PUERTO RICO COSTA RICA REVENUE $1.9 $0.6 $1.5 $0.4 $4.3 BILLION(2) BILLION BILLION BILLION BILLION ADJUSTED $0.8 $0.2 $0.6 $0.1 $1.6 OIBDA BILLION(2) BILLION BILLION BI
Slide 7: Market Position
LLA PURPLE LATAM SLIDES – HR & CARIBBEAN USE MARKET FULL-SERVICE PROVIDER ACROSS NEARLY ALL OUR CONSUMER MARKETS (1) OUR BRAND FIXED PRODUCTS MOBILE LARGEST OR COMPETITORS +1 COMPETITOR (1) A 50:50 joint venture between the Chilean operations of Liberty Latin America and América Móvil was completed
Slide 8: Fixed RGUs & Mobile Subscribers
LLA PURPLE FIXED RGUsSLIDES – HR SUBSCRIBERS & MOBILE USE (1) OPCO VIEW PUERTO RICO COSTA RICA 36% 50% 43% 36% 1.7M 0.6M 1.0M 51% 0.5M FIXED FIXED FIXED FIXED 39% 35% RGUs RGUs RGUs RGUs 24% 29% 26% 21% 10% BROADBAND VIDEO TELEPHONY 88% 85% 83% 72% 1.9M 2.2M 1.1M 2.9M MOBILE MOBILE MOBILE MOBILE SUB
Slide 9: Revenue Overview
LLA PURPLEOVERVIEW REVENUE SLIDES – HR USE (1) DIVERSIFIED BY GEOGRAPHY & PRODUCT REVENUE BY GEOGRAPHY REVENUE BY PRODUCT NETWORKS & 8% LATAM TOTAL FIXED 30% 5% BAHAMAS NON 2% SUBSCRIPTION JAMAICA 10% SUBSCRIPTION 28% 20% OTHER B2B 26% SERVICE $4.3 $4.3 PANAMA 14% BILLION BILLION 6% SUBSEA 10% COSTA
Slide 10: Revenue by Product
LLA PURPLEBY REVENUE SLIDES – HR USE PRODUCT (1) OPCO VIEW PUERTO RICO 36% 18% 33% $1.4 43% $0.6 $1.5 26% BILLION BILLION BILLION COSTA RICA 48% 39% 15% 37% 59% 4% 26% $0.4 74% $0.4 BILLION BILLION 32% 9% RESIDENTIAL FIXED RESIDENTIAL MOBILE B2B SERVICE SUBSEA OTHER (1) Revenue total and splits for
Slide 11: Network: Investing in High-Speed Connectivity
LLA PURPLE |SLIDES NETWORK – HR USE INVESTING IN HIGH-SPEED CONNECTIVITY(1) MAJORITY NEW BUILD & UPGRADE IN FTTH; LTE COVERAGE UP ACROSS FOOTPRINT & 5G IN PUERTO RICO FIXED NETWORK TECHNOLOGY FIXED & MOBILE TECHNOLOGY(2) MOBILE LTE COVERAGE(3) % OF TOTAL HOMES PASSED HOMES PASSED | IN THOUSANDS % OF
Slide 12: C&W Networks
LLA C&WPURPLE SLIDES&– LATAM NETWORKS HR USE(1) SUBSTANTIAL % OF REVENUE IN US DOLLARS SUBSEA & TERRESTRIAL NETWORK OVERVIEW REVENUE BY GEOGRAPHY(2) Q3 2022 1 DIVERSIFIED REVENUE PORTFOLIO OTHER >80% USD $103 2 HIGHLY CASH GENERATIVE MILLION UNIQUE, CRITICAL 3 INFRASTRUCTURE ADJ. OIBDA LESS P&E ADDI
Slide 13: Board of Directors and Management Team
LLA OURPURPLE BOARD SLIDES – HR USE AND MANAGEMENT TEAM OF DIRECTORS INDUSTRY LEADERS BOARD OF DIRECTORS MANAGEMENT TEAM MIKE FRIES JOHN BALAN NAIR ALFONSO DE CHARLIE ERIC BALAN RAY CHRIS JOHN KERRY ROCÍO MALONE ANGOITIA BRACKEN ZINTERHOFER NAIR COLLINS NOYES WINTER SCOTT LORENZO NORIEGA EXECUTIVE D
Slide 14: Q3 2022 Review
LLA PURPLE SLIDES – HR USE Q3 2022 REVIEW Part of Liberty Latin America 14
Slide 15: Key Messages
LLA PURPLE LIBERTY SLIDES LATIN – HR USE AMERICA | KEY MESSAGES(1) POSITIVE Q3 UNDERLYING PERFORMANCE EXCLUDING VTR 1 2 3 4 +400K $34M $1.2BN INTERNET 50/50 Q3 SHARE REVENUE & POSTPAID CHILE JV BUYBACK ADDS +3% rebased Over the last Completed >$150m YTD 2022 growth ex VTR twelve months on October 6,
Slide 16: Group Revenue and Adjusted OIBDA
LLA PURPLE GROUP SLIDES AND REVENUE – HR ADJUSTED USE OIBDA(1) REBASED PERFORMANCE EX VTR IMPACTED BY HURRICANE & INCREMENTAL INTEGRATION REVENUE IN USD MILLIONS REVENUE CONSOLIDATED EX VTR —% 3% • Changes to segment reporting REBASED REBASED • Claro Panama – first full quarter 1,196 1,222 1,003 1,0
Slide 17: Financial Segment Results
LLA PURPLEFINANCIAL SEGMENT SLIDES – HR USE RESULTS (1) TOP-LINE MOMENTUM Q3 2022 IN USD MILLIONS 16% 18% 11% AS % OF AS % OF AS % OF 359 REVENUE REVENUE REVENUE 133 173 103 59 47 30 59 12 REVENUE ADJ. P&E ADDs REVENUE ADJ. P&E ADDs REVENUE ADJ. P&E ADDs OIBDA OIBDA OIBDA REBASED VS PY +3% +11% +2%
Slide 18: Balance Sheet & Liquidity Position
LLA PURPLESHEET BALANCE SLIDES&–LIQUIDITY HR USE POSITION(1) LONG DATED MATURITIES & INTEREST RATE HEDGES KEY METRICS MATURITY SCHEDULE(6) LLA CORP CREDIT SILOS $8.0 4.9X 4.5X 87% BILLION GROSS NET TOTAL TOTAL DEBT DEBT LEVERAGE(2) 5.6 5.2 13% PERCENT YEARS CASH(3) RCF AVAILABILITY 2022-2026 2027 &
Slide 19: Conclusions
LLA PURPLE SLIDES CONCLUSIONS (1) – HR USE FOCUS ON DELIVERING 2022 & INTEGRATION 1 2 3 4 INORGANIC FOCUS ON Q4 SEASONAL CAPITAL STRATEGY INTEGRATION STRENGTH ALLOCATION Completion of Chilean Significant value Improved performance & Focused on driving joint venture through synergies Adj. FCF growth
Slide 20: Our Philosophy
x )\ QUR PHILOSOPHY - Ss 2 B ® LIBERTY - co} Oo @ 8 Soe s2 2S OG sf icp} vaio $5 EW <B When we collaborate, we allwin. SS @ ¢& Growth in our markets Especially our customers. 5 0% 8 8 begins and ends with you. if we don't have a customer's trust, we don't have a customer. CQ. ®& © S-€ Kindness isn’t
Slide 21: Appendix
LLA PURPLE SLIDES – HR USE APPENDIX Part of Liberty Latin America 21
Slide 22: Definitions & Additional Information
LLA PURPLE SLIDES DEFINITIONS – HR USE INFORMATION & ADDITIONAL ADJUSTED OIBDA MARGIN REVENUE GENERATING UNIT (“RGU”) Calculated by dividing Adjusted OIBDA by total revenue for the applicable period. RGU is separately a video RGU, internet RGU or telephony RGU. A home, residential multiple dwelling
Slide 23: Information on Rebased Growth
LLA PURPLE SLIDES INFORMATION – HR USE GROWTH ON REBASED Rebase growth rates are a non-GAAP measure. For purposes of calculating rebased growth rates on a deem appropriate. We do not adjust pre-acquisition periods to eliminate nonrecurring items or to give comparable basis for all businesses that we
Slide 24: Information on B2B Revenue Rebased Growth
LLA PURPLE SLIDES INFORMATION – HR USE ON B2B REVENUE REBASED GROWTH Rebase growth rates are a non-GAAP measure. For purposes of calculating rebased growth rates on a during post-acquisition periods. As we did not own or operate the acquired entities during the pre-acquisition comparable basis for a
Slide 25: Adjusted OIBDA & Adjusted OIBDA less P&E Additions
LLA PURPLE SLIDES ADJUSTED OIBDA &– ADJUSTED HR USE OIBDA LESS P&E ADDITIONS DEFINITION & RECONCILIATION Adjusted OIBDA and Adjusted OIBDA less P&E Additions, each a non-GAAP measure, are the primary recurring operating performance that is unaffected by our capital structure and allows management to
Slide 26: Consolidated Leverage Ratio Definition & Reconciliation
LLA PURPLE SLIDES CONSOLIDATED – HR USE RATIO DEFINITION & RECONCILIATION LEVERAGE We have set forth below our consolidated leverage and net leverage ratios, inclusive and exclusive of VTR in light of the deconsolidation of VTR that occurred in connection with the closing of the Chile JV in October
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