Liberty Latin America Ltd. · NASDAQ:LILA
Liberty Latin America — Q1 2022 Earnings Presentation
26 slides from Liberty Latin America's earnings presentation, May 2022
Slide 1: Liberty Latin America May 2022
LIBERTY MAY 2022 Finevil eBrc §& Liberty
Slide 2: Important Notices
LLA PURPLE SLIDES IMPORTANT – HR USE NOTICES Disclaimer and efforts to contain any pandemic, the ability and cost to 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 This
Slide 3: Liberty Latin America
LLA PURPLE SLIDES – HR USE LIBERTY LATIN AMERICA Part of Liberty Latin America 3
Slide 4: Our Vision
OUR VISION MT] LIBERTY LATIN AMERICA Jo bring Innovation that will create moments that matter to Our Customers, Gelivering 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, fixed-line networks & mobile platforms 20+ CONSUMER ATTRACTIVE ORGANIC GROWTH OPPORTUNITY MARK
Slide 6: Operations across LatAm & the Caribbean
LLA LLAPURPLE SLIDESACROSS OPERATIONS – HR USELATAM & THE CARIBBEAN (1) SUBSTANTIAL DIVERSIFICATION ACROSS BUSINESSES & GEOGRAPHIES REVENUE $1.8 $0.5 $1.5 $0.7 $0.4 $4.9 BILLION BILLION BILLION BILLION BILLION BILLION ADJUSTED $0.8 $0.2 $0.6 $0.2 $0.1 $1.8 OIBDA BILLION BILLION BILLION BILLION BILLI
Slide 7: Market Overview
LLA PURPLE LATAM SLIDES – HR & CARIBBEAN USE MARKET FULL-SERVICE PROVIDER ACROSS NEARLY ALL OUR CONSUMER MARKETS OUR BRAND FIXED PRODUCTS MOBILE LARGEST OR COMPETITORS +1 COMPETITOR ANNOUNCED ANNOUNCED 50:50 ACQUISITION OF JV BETWEEN VTR CLARO PANAMA & CLARO CHILE LIBERTY LATIN AMERICA | MAY 2022 7
Slide 8: Fixed RGUs & Mobile Subscribers
LLA PURPLE FIXED RGUsSLIDES – HR SUBSCRIBERS & MOBILE USE (1) OPCO VIEW 50% 38% 44% 43% 36% 1.7M 0.5M 1.0M 2.8M 51% 0.5M 41% FIXED 38% FIXED FIXED FIXED 37% FIXED RGUs RGUs RGUs 25% RGUs RGUs 24% 26% 19% 22% 8% BROADBAND VIDEO TELEPHONY 90% 88% 82% 97% 74% 1.8M 1.6M 1.0M 0.2M 2.8M MOBILE MOBILE MOBI
Slide 9: Revenue Overview
LLA PURPLEOVERVIEW REVENUE SLIDES – HR USE (1) DIVERSIFIED BY GEOGRAPHY & PRODUCT REVENUE BY GEOGRAPHY REVENUE BY PRODUCT BAHAMAS 4% FIXED LINE 7% NETWORKS & 37% RESIDENTIAL LATAM VIDEO 13% PRODUCTS JAMAICA 9% BROADBAND 19% 18% OTHER B2B 23% SERVICE 10% $4.9 $4.9 PANAMA BILLION BILLION 14% CHILE TEL
Slide 10: Revenue by Product
LLA PURPLEBY REVENUE SLIDES – HR USE PRODUCT (1) OPCO VIEW 29% 20% 33% $1.8 36% 42% $0.5 $1.5 BILLION BILLION 49% BILLION 20% 38% 16% 15% 89% 3% 33% $0.7 58% $0.4 BILLION BILLION 5% 9% 6% RESIDENTIAL FIXED RESIDENTIAL MOBILE B2B SERVICE SUBSEA OTHER (1) Revenue total and splits for the three months
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(2) NETWORK EXPANSION / UPGRADE MOBILE LTE COVERAGE(3) % OF TOTAL HOMES PASSED HOMES PASSED ADDED & UPGRADED
Slide 12: Subsea: Valuable Infrastructure Asset in the Region
LLA PURPLE SUBSEA SLIDES – HR | VALUABLE USE INFRASTRUCTURE ASSET IN THE REGION(1) RELIABLE & EXTENSIVE NETWORK PROVIDING END-TO-END CONNECTIVITY SUBSEA NETWORK OVERVIEW NETWORKS & LATAM REVENUE BY GEOGRAPHY FY 2021 DIVERSIFIED REVENUE PORTFOLIO with high-quality, long-standing 1 Bermuda New York cu
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 MALONE BALAN NAIR ALFONSO DE CHARLIE BALAN RAY CHRIS JOHN KERRY ROCÍO ANGOITIA NORIEGA BRACKEN NAIR COLLINS NOYES WINTER SCOTT LORENZO EXECUTIVE DIRECTOR EMERITUS
Slide 14: Q1 2022 Review
LLA PURPLE SLIDES – HR USE Q1 2022 REVIEW Part of Liberty Latin America 14
Slide 15: Key Messages
LLA PURPLE LIBERTY SLIDES LATIN – HR USE AMERICA | KEY MESSAGES(1) STRONG POSTPAID PERFORMANCE, INTEGRATIONS ON-TRACK & INCREASED BUYBACK ACTIVITY 1 2 3 4 5 +1% +121K PUERTO RICO & PANAMA & >$55M REBASED MOBILE COSTA RICA CHILE SHARE REVENUE POSTPAID INTEGRATIONS M&A BUYBACK GROWTH ADDS Panama acqui
Slide 16: Q1 2022 Financial Results
LLA Q1 PURPLE SLIDES –RESULTS 2022 FINANCIAL HR USE (1) TOP-LINE GROWTH; EXPECT SEQUENTIAL IMPROVEMENT THROUGH YEAR REVENUE ADJUSTED OIBDA P&E ADDITIONS ADJUSTED FCF IN USD MILLIONS IN USD MILLIONS IN USD MILLIONS; AS % OF REVENUE IN USD MILLIONS; CHANGE 1% REBASED (2)% 1,219 REBASED 1,165 13% 14% 4
Slide 17: Financial Segment Results
LLA PURPLEFINANCIAL SEGMENT SLIDES – HR USE RESULTS(1) STRONG PERFORMANCES IN C&W & COSTA RICA Q1 2022 Q1 2022 Q1 2022 Q1 2022 Q1 2022 IN USD MILLIONS IN USD MILLIONS IN USD MILLIONS IN USD MILLIONS IN USD MILLIONS 12% 12% 12% 26% 9% 445 AS % OF AS % OF AS % OF AS % OF AS % OF REVENUE REVENUE 369 RE
Slide 18: Balance Sheet & Liquidity Position
LLA PURPLESHEET BALANCE SLIDES&–LIQUIDITY HR USE POSITION(1) SOLID CAPITAL STRUCTURE WITH TERMED OUT MATURITY PROFILE KEY METRICS MATURITY SCHEDULE(6) IN USD BILLIONS C&W LPR VTR CT LLA CORP $9.2 5.1X 4.6X 88% DUE IN 2027 & BEYOND BILLION GROSS NET 3.4 TOTAL TOTAL DEBT DEBT LEVERAGE(2) 2.9 1.8 5.9 5
Slide 19: Conclusions
LLA PURPLE SLIDES CONCLUSIONS (1) – HR USE FOCUSED ON DRIVING SIGNIFICANT FCF GROWTH IN MEDIUM-TERM 1 2 3 4 FOCUS ON INORGANIC NETWORK SHARE SUBSCRIPTION STRATEGY INVESTMENT BUYBACK REVENUE Integrations on-track Driving prepaid to Fiber focus ~$170m remaining in Announced acquisitions postpaid mobil
Slide 20: Our Philosophy
OUR PHLOSOPHY | MT] LIBERTY LATIN AMERICA 6 do makes a difference. fel We own it. At every level, Growth in our markets begins and ends with you. Kindness isn’t an option or an opinion. It just is. When we collaborate, we all win. Especially our customers. if we don't have a customer's trust, we don
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 MOBILE SUBSCRIBERS Calculated by dividing Adjusted OIBDA by total revenue for the applicable period. Our mobile subscriber count represents the number of active subscriber identification module (“SIM”) cards in ser
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 no assurance can be given that we have identified all adjustments necessary to present their revenue and comparable basis for all businesses that
Slide 24: Adjusted OIBDA & Adjusted OIBDA less P&E Additions Reconciliation
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 25: Adjusted Free Cash Flow Definition & Reconciliation
LLA PURPLE SLIDES ADJUSTED – HR USE FREE CASH FLOW DEFINITION & RECONCILIATION We define Adjusted Free Cash Flow (Adjusted FCF), a non-GAAP measure, as net cash provided by our this measure can be used to gauge our ability to service debt and fund new investment opportunities. Adjusted operating act
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, which include VTR. Our March 31, 2022 consolidated leverage and net leverage ratios, each a non-GAAP measure, are defined as (i) adjusted tota
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