America Movil Sab De Cv Class B · BMV:AMX/B
America Movil Sab De Cv Class B — Investor Day (May 2026)
30 slides from America Movil Sab De Cv Class B's investor day presentation, May 27, 2026
Slide 1: Delivering Growth with Disciplined Execution
Delivering Growth with Disciplined Execution May 27 2026 th Carlos García Moreno
Slide 2: Recent Trends
Recent Trends ica mow
Slide 3: Revenue & EBITDA growth driven by Economic Growth, Market Consolidation
AMX · Investor Day 2026 Revenue & EBITDA growth driven by Economic Growth Market Consolidation New Infrastructure Deployed: 5G & FIBER New Products—handset financing —insurance
Slide 4: EBITDA growth looking up on stable service revenue expansion
AMX · Investor Day 2026 EBITDA growth looking up on stable service revenue expansion and a marked recovery of handset sales Revenue & EBITDA Growth % annual change at constant FX 6% EBITDA 5% Service Revenue 4% 2024 2025 2026E
Slide 5: Handset financing contributes to the greater dynamism of handset sales
AMX · Investor Day 2026 Handset financing contributes to the greater dynamism of handset sales and adds to profitability AMX Equipment Revenue Growth Financed Handets Relative to Sales % annual change at constant FX % of handset sold 12% 10% 8% 6% 66% 70% 4% 56% 2% 0% 2024 2025 2026E -2% 2024 2025 2
Slide 6: Large and diversified revenue base across key markets
AMX · Investor Day 2026 Large and diversified revenue base across key markets Revenue by Country USD Billion, annualized as of 1Q26 Local Currency 9% 22% 16% 23% 31% 0% 10% -3% 22% 2% Growth 2026E vs. 2023 19.7 10.1 4.6 3.3 3.1 3.1 2.1 1.9 1.8 1.0 Mexico Brasil Colombia Eastern CENAM Austria Peru Ca
Slide 7: Well-diversified growth across regions
AMX · Investor Day 2026 Well-diversified growth across regions Strong contributions in CENAM; trends improving in main markets Service Revenue Growth by Country Service Revenue Growth Trends % change 2026E vs. 2023 in local currency % annual change in local currency CENAM 33% 12% CENAM Brazil 20% Pe
Slide 8: Revenue composition stable with mobile driving growth
AMX · Investor Day 2026 Revenue composition stable with mobile driving growth Fixed-line revenue growth pointing up again Service Revenue Consolidated Service Revenue Growth USD Bn at constant FX, % of total service % annual change at constant FX 7% Mobile 6% 37% 5% 38% 4% 3% Fixed-line 63% 2% 62% 1
Slide 9: Mix shift toward postpaid, improving revenue quality
AMX · Investor Day 2026 We continue to see a mix shift toward postpaid Improving revenue quality Mobile Service Revenue MSR Growth by Segment USD Bn at constant FX, % of total service % annual change at constant FX 8% Postpaid 6% 64% 62% 4% Prepaid 2% 38% 36% 0% 2024 2026E 2024 2025 2026E Note: Reve
Slide 10: Disciplined 5G rollout focused on returns
AMX · Investor Day 2026 Disciplined 5G rollout focused on returns while building a strong platform for future growth 5G Coverage in our Principal Markets % of POPs Mexico Brazil Colombia Eastern Austria Europe 84% 86% 66% 59% 60% 58% 50% 42% 26% 12% 2024 2026E 2024 2026E 2024 2026E 2024 2026E 2024 2
Slide 11: Fixed-line growth increasingly driven by higher-value B2B segment
AMX · Investor Day 2026 Fixed-line growth increasingly driven by higher-value B2B segment; expecting recovery in corporate networks Fixed-line Service Revenue Fixed-line Service Revenue Growth by Segment USD Bn at constant FX, % of total service % annual change at constant FX 10% 10% 9% SMEs 8% 28%
Slide 12: Household broadband penetration with growth potential in most markets
AMX · Investor Day 2026 Household broadband penetration with growth potential in most markets Fixed Broadband Access in our Principal Markets % of Households Mexico Brazil Colombia CENAM Peru Ecuador Eastern Austria Europe 91% 76% 80% 79% 81% 73% 70% 68% 59% 64% 62% 63% 48% 49% 41% 41% 2023 2025 202
Slide 13: Resilient EBITDA growth on operating leverage and market consolidation
AMX · Investor Day 2026 Resilient EBITDA growth on the back of greater operating leverage and market consolidation EBITDA Growth by Country EBITDA Growth Trends % change 2026E vs. 2023 in local currency % annual change in local currency Southern Cone 130% 20% CENAM 52% Brazil 28% 15% CENAM Peru 27%
Slide 14: Margin expansion led by high-performing markets and efficiency initiatives
AMX · Investor Day 2026 Margin expansion led by high-performing markets and efficiency initiatives EBITDA Margin Increase by Country : 1Q26 vs 1Q23 Percentage points EBITDA 29.9% 48.2% 40.0% 44.0% 50.4% 36.6% 42.3% 41.6% 36.8% Margin 19.8 6.8 3.7 3.0 2.6 1.9 1.4 0.2 (0.8) Southern CENAM Peru Brazil
Slide 15: Consistently delivering on our Investor Day target
AMX · Investor Day 2026 Consistently delivering on our Investor Day target Service revenue and EBITDA growth within guidance Consolidated Service Revenue Growth Consolidated EBITDA Growth % annual change at constant exchange rates % annual change at constant exchange rates 7% 7% 6.5% 6% 6% 5.5% 5% 5
Slide 16: Cash Flow and Distributions
Cash Flow and Distributions mow
Slide 17: Growing operating cash flow with disciplined CAPEX drives free cash flow expansion
AMX · Investor Day 2026 Growing operating cash flow with disciplined CAPEX drives free cash flow expansion Operating Cash Flow & CAPEX Free Cash Flow USD Billion USD Billion OCF CAPEX 11 4 11 10 10 9 8 3 7 7 7 2 2 2022 2023 2024 2025 2026E 2022 2023 2024 2025 2026E
Slide 18: Sustainable shareholder returns supported by strong cash generation
AMX · Investor Day 2026 Sustainable shareholder returns supported by strong cash generation and discipline Shareholder Distributions USD Billion 2.9 2.8 2.5 2.3 1.2 1.3 0.8 0.6 Share Buybacks Dividends Paid 2.0 1.7 1.7 1.7 1.5 2022 2023 2024 2025 2026 E
Slide 19: Delivering consistent and sustainable dividend growth
AMX · Investor Day 2026 Delivering consistent and sustainable dividend growth Dividend per Share MXP Annual Growth 4.5% 4.3% 8.3% 3.8% 0.54 0.52 0.48 0.46 0.44 2022 2023 2024 2025 2026
Slide 20: Debt and Liquidity
Debt and Liquidity mow
Slide 21: We have reduced our debt by USD 3.0Bn in cash flow terms
AMX · Investor Day 2026 We have reduced our debt by USD 3.0Bn in cash flow terms including a portion funded by Vz shares América Móvil Debt Reduction USD Billion 1.6 1.3 1.3 29.6 28.1 Dec-23 Debt Reduction Verizon Debt FX Rate Fluctuation Apr-26 Reduction
Slide 22: MXN share of our net debt is approaching 60%
AMX · Investor Day 2026 MXN share of our net debt is approaching 60% roughly twice its contribution to our funding Net Debt by Currency: March 2026 % of Net Debt 3% 11% MXN 15% EUR USD 56% Other BRL 15% *Debt in GBP, JPY, CLP, PEN. After derivates.
Slide 23: Maturity profile of our bond debt is well distributed
AMX · Investor Day 2026 The maturity profile of our bond debt is well distributed; relatively low amortizations through 2028 Bond Maturity Profile: March 2026 USD Billion MXN BRL USD EUR Other* 3.0 2.6 2.4 1.1 0.9 1.6 1.5 1.6 1.7Bn 1.5 0.5 0.8 1.2 1.3 0.7 0.8 1.0 2.0 0.6 Bn 0.9 0.9 0.2 0.4 0.3 1.6 1
Slide 24: Our leverage ratio, the lowest among major Western telcos, stands at 1.41x
AMX · Investor Day 2026 Our leverage ratio, the lowest among major Western telcos, stands at 1.41x América Móvil Leverage Ratio* Times 1.7 1.5 1.41x 1.3 1.1 2023 2024 2025 Mar-26 *Net debt (excluding leases)/EBITDAaL
Slide 25: The best credit ratings among major Western Telcos
AMX · Investor Day 2026 The best credit ratings among major Western Telcos; our ratings exceed even those of Mexico Standard & Poor’s Fitch Moody’s UMS (Mexico) BBB BBB- Baa3 América Móvil A- +2* A- +3* Baa1 +2* Verizon BBB+ A- Baa1 Orange BBB+ BBB+ Baa1 Deutsche Telekom BBB+ BBB+ Baa1 AT&T BBB BBB+
Slide 26: Outlook
Outlook
Slide 27: América Móvil: Outlook 2026-2028
AMX · Investor Day 2026 América Móvil: Outlook 2026-2028 At constant exchange rates CAGR Service Revenue Growth 4.0-5.0% EBITDA Growth 4.5-6.0% CAPEX 21 Bn USD Leverage Ratio 1.20-1.50x
Slide 28: Final Remarks
Final Remarks ica mow
Slide 29: Final Remarks
AMX · Investor Day 2026 Final Remarks • Consistent revenue growth with improving margins • EBITDA supported by operating leverage, cost discipline and market consolidation • CapEx focused on high-return investments (5G & FTTH) • Strong and growing free cash flow generation • Balanced capital allocat
Slide 30: Delivering Growth with Disciplined Execution
Delivering Growth with Disciplined Execution May 27 2026 th Carlos García Moreno