Liberty Latin America Ltd. · NASDAQ:LILA
Liberty Latin America — Q2 2026 Earnings Presentation
24 slides from Liberty Latin America's earnings presentation, Aug 6, 2026
Slide 1: Liberty Latin America Q2 & H1 2026 Investor Call
LIBERTY LATIN AMERICA Q2 & H1 2026 INVESTOR CALL August 6, 2026 Part of Liberty Latin America
Slide 2: Safe Harbor
“SAFE HARBOR” FORWARD-LOOKING STATEMENT | DEFINED TERMS FORWARD-LOOKING STATEMENTS & DISCLAIMER pending or threatened litigation; the ability of our operating companies to access cash of their respective subsidiaries; the impact of our operating companies' future financial performance, or market con
Slide 3: Agenda
AGENDA 01 | EXECUTIVE SUMMARY 02 | FINANCIAL RESULTS 03 | APPENDIX
Slide 4: Key Messages
LIBERTY LATIN AMERICA | KEY MESSAGES(1) OPERATIONAL STRENGTH & IMPROVING ADJUSTED OIBDA & CASH FLOW; CASH RETURNS TO SHAREHOLDERS 1 2 3 4 +45K +3% $500M >$60M Q2 POSTPAID & Q2 ADJUSTED OIBDA PREFERRED EQUITY BUYBACK BROADBAND ADDS YOY GROWTH STOCK YTD(2) Distributed to LLA Share repurchases All segm
Slide 5: Liberty Caribbean: Melissa Headwinds Diminishing
LIBERTY CARIBBEAN | MELISSA HEADWINDS DIMINISHING(1) UNBEATABLE NETWORK TO DRIVE FURTHER FMC GAINS MOBILE POSTPAID SUBSCRIBER EVOLUTION KEY MESSAGES MOBILE POSTPAID NET ORGANIC ADDITIONS (LOSSES) | IN THOUSANDS YoY ADDs • Postpaid mobile momentum strong, +54 supporting FMC penetration gains • Launch
Slide 6: C&W Panama: Driving LLA Postpaid & Broadband Adds
C&W PANAMA | DRIVING LLA POSTPAID & BROADBAND ADDS(1) MAS STARLINK LAUNCH ANNOUNCED FOR H2 MOBILE POSTPAID SUBSCRIBER EVOLUTION KEY MESSAGES MOBILE POSTPAID NET ORGANIC ADDITIONS (LOSSES) | IN THOUSANDS YoY ADDs • Continued strong net additions across +47 both postpaid & prepaid mobile segments CRED
Slide 7: Liberty Networks: Projects Driving Revenue
LIBERTY NETWORKS | PROJECTS DRIVING REVENUE(1) GEOPOLITICAL DEVELOPMENTS IN VENEZUELA PRESENTING OPPORTUNITIES YoY REVENUE EVOLUTION KEY MESSAGES IN USD MILLIONS ENTERPRISE WHOLESALE • Support to revenue in Q2 from El 130 Salvador milestone 115 • Geopolitical developments driving CREDIT SILO C&W inc
Slide 8: Liberty Costa Rica: Holding Steady in Dynamic Market
LIBERTY COSTA RICA | HOLDING STEADY IN DYNAMIC MARKET(1) OPERATIONAL INITIATIVES DRIVING COST EFFICIENCIES MOBILE POSTPAID SUBSCRIBER EVOLUTION(2) KEY MESSAGES MOBILE POSTPAID NET ORGANIC ADDITIONS (LOSSES) | IN THOUSANDS YoY ADDs • Strong YoY rebased growth in mobile +137 revenue +6% • Price increa
Slide 9: Liberty Puerto Rico: Further Improvement in KPIs
LIBERTY PUERTO RICO | FURTHER IMPROVEMENT IN KPIs(1) SIM-ONLY PLANS WITH ATTRACTIVE ECONOMICS SUPPORTING VOLUME GROWTH MOBILE POSTPAID SUBSCRIBER EVOLUTION KEY MESSAGES MOBILE POSTPAID NET ORGANIC ADDITIONS (LOSSES) | IN THOUSANDS YoY ADDs • A third consecutive quarter of positive +10 postpaid addit
Slide 10: Agenda
AGENDA 01 | EXECUTIVE SUMMARY 02 | FINANCIAL RESULTS 03 | APPENDIX
Slide 11: Q2 2026 Financial Results
Q2 2026 FINANCIAL RESULTS(1) RETURN TO ADJUSTED OIBDA GROWTH REVENUE ADJUSTED OIBDA IN USD MILLIONS; REBASED GROWTH RATE IN USD MILLIONS; REBASED GROWTH RATE —% +3% 1,103 1,087 436 415 Q2 25 Q2 26 Q2 25 Q2 26 • Q2 2026 still impacted by Hurricane Melissa headwinds • Growth in Q2 despite net negative
Slide 12: Segment Financial Results: C&W Credit Silo
SEGMENT FINANCIAL RESULTS | C&W CREDIT SILO(1) LIBERTY NETWORKS POWERING THE CREDIT SILO Q2 2026 IN USD MILLIONS 15% 16% 16% 16% AS % OF AS % OF AS % OF AS % OF REVENUE REVENUE REVENUE REVENUE 362 649 165 177 297 130 53 65 28 67 101 20 REVENUE ADJ. OIBDA P&E ADDs REVENUE ADJ. OIBDA P&E ADDs REVENUE
Slide 13: Segment Financial Results: LCR & LPR Credit Silos
SEGMENT FINANCIAL RESULTS | LCR & LPR CREDIT SILOS(1) BOTH LCR & LPR DELIVERING ADJUSTED OIBDA EXPANSION COSTA RICA PUERTO RICO Q2 2026 Q2 2026 IN USD MILLIONS 14% IN USD MILLIONS 16% AS % OF AS % OF REVENUE REVENUE 288 169 93 64 45 23 REVENUE ADJUSTED OIBDA P&E ADDs REVENUE ADJUSTED OIBDA P&E ADDs
Slide 14: P&E Additions & Adjusted FCF
P&E ADDITIONS & ADJUSTED FCF(1) P&E ADDITIONS EFFICIENCY UNCHANGED; STEP UP IN ADJUSTED FCF P&E ADDITIONS ADJUSTED FCF BEFORE DISTRIBUTIONS TO PARTNERS IN USD MILLIONS; AS PERCENTAGE OF REVENUE IN USD MILLIONS; ABSOLUTE CHANGE BEFORE DISTRIBUTIONS TO PARTNERS +124 +164 INCLUDES H1 26 LPR ADJUSTED FC
Slide 15: Balance Sheet & Liquidity Position
BALANCE SHEET & LIQUIDITY POSITION(1) CAPITAL ALLOCATION FOREFRONT OF VALUE CREATION STRATEGY KEY METRICS PREFERRED SHARE DISTRIBUTION COSTA RICA PUERTO RICO • $500 million notional value of preferred stock with 9% dividend rate • Trading on Nasdaq Global Select under LILAP TOTAL $5.0 $0.5 $3.1 $8.5
Slide 16: Conclusions
CONCLUSIONS(1) OPERATING RESULTS BUILDING MOMENTUM FOR H2 1 2 3 STRONG INNOVATION CAPITAL Q2 & H1 & AI ALLOCATION Newly issued preferred provides Launch of Unbeatable Network to Robust net additions in postpaid & dividends to shareholders differentiate customer proposition broadband Share repurchase
Slide 17: Agenda
AGENDA 01 | EXECUTIVE SUMMARY 02 | FINANCIAL RESULTS 03 | APPENDIX
Slide 18: 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 19: Information on Rebased Growth
INFORMATION ON REBASED GROWTH Rebase growth rates are a non-GAAP measure. For purposes of calculating rebased growth rates on a OIBDA amounts for the periods indicated, to derive our rebased growth rates. Due to rounding, certain rebased comparable basis for all businesses that we owned during the c
Slide 20: Information on Rebased Growth (Cont.)
INFORMATION ON REBASED GROWTH (CONT.) Rebase growth rates are a non-GAAP measure. For purposes of calculating rebased growth rates on a OIBDA amounts for the periods indicated, to derive our rebased growth rates. Due to rounding, certain rebased comparable basis for all businesses that we owned duri
Slide 21: Adjusted OIBDA Definition & Reconciliation
ADJUSTED OIBDA DEFINITION & RECONCILIATION(1) On a consolidated basis, Adjusted OIBDA is a non-U.S. GAAP measure. Adjusted OIBDA is the primary measure and not a substitute for, operating income or loss, net earnings or loss and other U.S. GAAP measures of used by our CODM, our Chief Executive Offic
Slide 22: Adjusted OIBDA Definition & Reconciliation (Cont.)
ADJUSTED OIBDA DEFINITION & RECONCILIATION (CONT.)(1) On a consolidated basis, Adjusted OIBDA is a non-U.S. GAAP measure. Adjusted OIBDA is the primary measure which we operate. We believe our Adjusted OIBDA measure is useful to investors because it is one of the bases used by our CODM, our Chief Ex
Slide 23: Consolidated Leverage Ratio Definition & Reconciliation
CONSOLIDATED LEVERAGE RATIO DEFINITION & RECONCILIATION We have set forth below our consolidated leverage and net leverage ratios. Our consolidated leverage and net For purposes of these calculations, adjusted total debt and finance lease obligations is measured using leverage ratios (Consolidated L
Slide 24: Adjusted Free Cash Flow Definition & Reconciliation
ADJUSTED FREE CASH FLOW DEFINITION & RECONCILIATION We define Adjusted Free Cash Flow (Adjusted FCF), a non-GAAP measure, as net cash provided by our because this measure can be used to gauge our ability to service debt and fund new investment opportunities. operating activities, plus (i) cash payme
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