Liberty Latin America Ltd. · NASDAQ:LILA
Liberty Latin America — Q3 2017 Earnings Presentation
18 slides from Liberty Latin America's earnings presentation, Nov 2, 2017
Slide 1: LiLAC Group Investor Call Q3 2017
LILAC GROUP INVESTOR CALL Q3 2017 | NOVEMBER 2, 2017
Slide 2: Safe Harbor: Forward-Looking Statements and Disclaimer
“SAFE HARBOR” Forward-Looking Statements + Disclaimer with such programming; our and our affiliates’ ability to achieve forecasted financial and operating targets; the outcome of any pending or threatened This presentation contains forward-looking statements within the meaning of litigation; the abi
Slide 3: Executive Summary, Financial Results, Appendix
XECUTIVE SUMMARY =~ . FINANCIAL RESULTS «* APPENDIX °
Slide 4: LiLAC Group Key Messages
LILAC GROUP | KEY MESSAGES 1 2 3 4 5 UPDATE ON RESULTS ON C&W LILAC ANNOUNCED HURRICANES PACE PRE - MAKING SPLIT-OFF NEW CEO & IRMA & MARIA HURRICANE PROGRESS ON TRACK BOARD KICKED-OFF RECOVERY EXPECT SIGNIFICANT Q3 ENCOURAGING, CONTINUE TO MAINTAIN SCALE PROCESS; MOBILE Q4 IMPACT IN INCLUDING RETUR
Slide 5: LCPR Focus on Recovery
LCPR | FOCUS ON RECOVERY Liberty Puerto Rico workforce resilient; power restoration remains key OPERATIONAL UPDATE (POST HURRICANE) KICKED-OFF RECOVERY PROCESS • Damage assessment well underway • Active dialogue with Power Authority • Workforce dedicated to restoration support NETWORK RESTORATION •
Slide 6: VTR Strong Execution Continues
VTR | STRONG EXECUTION CONTINUES Broadband opportunity and network expansion sustaining growth OPERATIONAL UPDATE RGU ADDITIONS IN THOUSANDS • 20,000 customer additions in Q3, up 41% YoY 19 • Superior broadband speeds & service quality 13 continue to fuel residential and SOHO subscriber growth • Dep
Slide 7: C&W Transformation Gaining Traction
C&W | TRANSFORMATION GAINING TRACTION Network and operational improvements driving RGU growth OPERATIONAL UPDATE RGU ADDITIONS IN THOUSANDS PANAMA 20 • Mast3r bundles driving broadband growth & mobile value proposition centered around LTE 9 JAMAICA • Price increases landed well next to solid net add
Slide 8: Liberty Global plc Investor Call
Liberty Global plc Investor Call | Liberty Global Group Q3 2017 | November 2, 2017
Slide 9: Q3 2017 Financial Results
Q3 2017 FINANCIAL RESULTS Results on pace pre-Hurricane I Cost of debt 6.3% with an average tenor of over 6 years REVENUE OCF P&E ADDITIONS USD MM’S USD MM’S USD MM’S 0% REBASED GROWTH 0% REBASED GROWTH 18% 21% AS % OF REVENUE $894 $908 $355 $359 $193 $160 Q3 2016 Q3 2017 Q3 2016 Q3 2017 Q3 2016 Q3
Slide 10: Q3 2017 Regional Financial Results
Q3 2017 REGIONAL FINANCIAL RESULTS Positive results offset by impact of Hurricanes Irma and Maria REVENUE OCF Q3 2017 GROWTH ON A REBASED BASIS Q3 2017 GROWTH ON A REBASED BASIS $22mm ESTIMATED HURRICANES IMPACT 908 $3mm $24mm ESTIMATED HURRICANES IMPACT ESTIMATED HURRICANES IMPACT 359 579 $9mm ESTI
Slide 11: Financial Impact of Hurricanes & Guidance Update
FINANCIAL IMPACT OF HURRICANES & GUIDANCE UPDATE Reduction in LiLAC’s Q4 financial outlook leads to reduced 2017 guidance PRELIMINARY FINANCIAL ASSESSMENT 2017 GUIDANCE UPDATE • Expect ~$1.35bn of OCF LCPR C&W • Adjusted Free Cash Flow to be negative $80m-$100m $15m-$25m Q4 17 REVENUE IMPACT Q4 17 R
Slide 12: LiLAC Group Conclusions
LILAC GROUP | CONCLUSIONS Long-term growth opportunity remains attractive HURRICANES HAD MAJOR IMPACT ON ~15% OF LILAC; RECOVERY PROCESS UNDERWAY STRONG VTR RESULTS AND UNDERLYING C&W PERFORMANCE IS ENCOURAGING FOURTH QUARTER OF 2017 IS GOING TO BE VERY CHALLENGING FOR LIBERTY PUERTO RICO M&A OPPORT
Slide 13: Liberty Global plc Investor Call
Liberty Global plc Investor Call | Liberty Global Group Q3 2017 | November 2, 2017
Slide 14: Definitions and Additional Information
DEFINITIONS AND ADDITIONAL INFORMATION* U.S. GAAP means accounting principles generally accepted to any recurring monthly service that requires the use of rather than services provided. For example, if a mobile in the United States. encryption-enabling technology. Encryption-enabling subscriber has
Slide 15: Definitions and Additional Information
DEFINITIONS AND ADDITIONAL INFORMATION Homes Passed are homes, residential multiple in our 2016 rebased amounts based on what we prepared with a view towards complying with Article dwelling units or commercial units that can be believe to be the most reliable information that is 11 of Regulation S-X
Slide 16: Operating Cash Flow Definition and Reconciliation
OPERATING CASH FLOW DEFINITION AND RECONCILIATION As used herein, OCF has the same meaning as the losses on the disposition of long-lived assets, (b) third- our OCF measure is useful to investors because it is term "Adjusted OIBDA" that is referenced in our Form party costs directly associated with
Slide 17: Adjusted Free Cash Flow Definition and Reconciliations
ADJUSTED FREE CASH FLOW DEFINITION AND RECONCILIATIONS We define Adjusted Free Cash Flow as net cash should not be understood to represent our ability to Stock Compensation, Improvements to Employee provided by our operating activities, plus (i) cash fund discretionary amounts, as we have various Sh
Slide 18: Definitions and Additional Information
DEFINITIONS AND ADDITIONAL INFORMATION Property & Equipment Additions and Capex Our property and equipment additions include our capital expenditures on an accrual basis and amounts financed under vendor financing or capital lease arrangements. The capital expenditures that we report in our consolid
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