Liberty Latin America Ltd. · NASDAQ:LILA
Liberty Latin America — Q2 2025 Earnings Presentation
29 slides from Liberty Latin America's earnings presentation, Aug 7, 2025
Slide 1: Liberty Latin America Q2 & H1 2025 Investor Call
LIBERTY LATIN AMERICA Q2 & H1 2025 INVESTOR CALL August 7, 2025 Part of Liberty Latin America
Slide 2: Safe Harbor: Forward-Looking Statements & Defined Terms
“SAFE HARBOR” FORWARD-LOOKING STATEMENT | DEFINED TERMS FORWARD-LOOKING STATEMENTS & DISCLAIMER future financial performance, or market conditions generally, on the availability, terms and deployment of capital; fluctuations in currency exchange and interest rates; the ability of suppliers and vendo
Slide 3: Agenda
AGENDA 01 | EXECUTIVE SUMMARY 02 | FINANCIAL RESULTS 03 | APPENDIX
Slide 4: Liberty Latin America | Key Messages
LIBERTY LATIN AMERICA | KEY MESSAGES(1) STRONG PROFITABILITY INCREASE IN H1 LAYS SOLID FOUNDATION FOR ROBUST CASH CONVERSION IN H2 1 2 3 4 5 STRATEGIC +70K $0.8BN $0.6BN VALUE H1 INTERNET & $2.2BN H1 ADJUSTED H1 ADJUSTED POSTPAID H1 REVENUE OIBDA LESS P&E CREATION OIBDA NET ADDS ADDS Intention to se
Slide 5: C&W Credit Silo
C&W CREDIT SILO LIBERTY LATIN AMERICA | Q3 2019 INVESTOR CALL | NOVEMBER 6, 2019 5
Slide 6: Liberty Caribbean | Growing Postpaid Share Through FMC
LIBERTY CARIBBEAN | GROWING POSTPAID SHARE THROUGH FMC(1) LAUNCHED NEW LIBERTY CARIBBEAN BRAND & RESIDENTIAL CAMPAIGN MOBILE POSTPAID SUBSCRIBER EVOLUTION INTERNET RGU EVOLUTION KEY MESSAGES MOBILE NET POSTPAID ORGANIC ADDITIONS (LOSSES) | IN THOUSANDS INTERNET NET RGU ORGANIC ADDITIONS (LOSSES) | I
Slide 7: C&W Panama | Growing Subscriber Base
C&W PANAMA | GROWING SUBSCRIBER BASE(1) RESIDENTIAL REVENUE PROGRESS; EXPECT BETTER B2B PHASING IN H2 MOBILE POSTPAID SUBSCRIBER EVOLUTION INTERNET RGU EVOLUTION KEY MESSAGES MOBILE NET POSTPAID ORGANIC ADDITIONS (LOSSES) | IN THOUSANDS INTERNET NET RGU ORGANIC ADDITIONS (LOSSES) | IN THOUSANDS YoY
Slide 8: Liberty Networks | Underlying Wholesale Growth
LIBERTY NETWORKS | UNDERLYING WHOLESALE GROWTH(1) STRATEGIC INFRASTRUCTURE & NEW MANTA INVESTMENT SUPPORT FUTURE REVENUE EXPANSION REVENUE EVOLUTION SUBSEA & TERRESTRIAL NETWORK(2) IN USD MILLIONS ENTERPRISE WHOLESALE (EXCL. IRUs) IRUs Unique, critical infrastructure with ~50,000 kilometers of cable
Slide 9: LCR Credit Silo
LCR CREDIT SILO LIBERTY LATIN AMERICA | Q3 2019 INVESTOR CALL | NOVEMBER 6, 2019 9
Slide 10: Liberty Costa Rica | Leading Operator in the Market
LIBERTY COSTA RICA | LEADING OPERATOR IN THE MARKET(1) PREPAID MIGRATION STRATEGY DRIVING +2PP POSTPAID MARKET SHARE GAIN MOBILE POSTPAID SUBSCRIBER EVOLUTION(2) INTERNET RGU EVOLUTION KEY MESSAGES MOBILE NET POSTPAID ORGANIC ADDITIONS (LOSSES) | IN THOUSANDS INTERNET NET RGU ORGANIC ADDITIONS (LOSS
Slide 11: LPR Credit Silo
LPR CREDIT SILO LIBERTY LATIN AMERICA | Q3 2019 INVESTOR CALL | NOVEMBER 6, 2019 11
Slide 12: Liberty Puerto Rico | Mobile Base Losses Stabilizing
LIBERTY PUERTO RICO | MOBILE BASE LOSSES STABILIZING(1) PRICE INCREASES DRIVING HIGHER FIXED ARPU & INTERNET LOSSES MOBILE POSTPAID SUBSCRIBER EVOLUTION(2) INTERNET RGU EVOLUTION(3) KEY MESSAGES MOBILE NET POSTPAID ORGANIC ADDITIONS (LOSSES) | IN THOUSANDS INTERNET NET RGU ORGANIC ADDITIONS (LOSSES)
Slide 13: Liberty Puerto Rico | Encouraging Trends
LIBERTY PUERTO RICO | ENCOURAGING TRENDS(1) LOWER POSTPAID CHURN; POSITIVE MOBILE NPS; LIBERTY MIX & OTHER INITIATIVES TO DRIVE MOMENTUM MOBILE POSTPAID KEY METRICS EVOLUTION MOBILE NPS EVOLUTION LIBERTY MIX MOBILE NET POSTPAID ORGANIC ADDITIONS (LOSSES) | THOUSANDS SCORE DISCONNECTS GROSS ADDS NET
Slide 14: LLA Strategic Vision | Building on H1 Strength
LLA STRATEGIC VISION | BUILDING ON H1 STRENGTH(1) PROGRESSING ACROSS THREE KEY PILLARS RATIONAL FMC NEW CVPs RESIDENTIAL MARKET STRUCTURES; LEVERAGING FIXED & TO BOLSTER TIGO DEAL IN CR MOBILE INFRASTRUCTURE GROSS ADDs B2G ICT MANTA B2B AS CATALYST FOR AS FUTURE GROWTH AS NEW SOURCE OF H2 MOMENTUM O
Slide 15: Agenda
AGENDA 01 | EXECUTIVE SUMMARY 02 | FINANCIAL RESULTS 03 | APPENDIX
Slide 16: Q2 2025 Group Financial Performance
Q2 2025 GROUP FINANCIAL PERFORMANCE(1) SOLID ADJUSTED OIBDA GROWTH DRIVING OPERATING LEVERAGE COUPLED WITH LOWER CAPEX REVENUE ADJUSTED OIBDA ADJUSTED OIBDA LESS P&E ADDITIONS IN USD MILLIONS REBASED GROWTH RATE IN USD MILLIONS REBASED GROWTH RATE IN USD MILLIONS % REVENUE (3)% +7% 19% 24% 1,118 1,0
Slide 17: Segment Financial Results | C&W Credit Silo
SEGMENT FINANCIAL RESULTS | C&W CREDIT SILO(1) COST EFFICIENCIES DRIVING ADJUSTED OIBDA MARGIN EXPANSION Q2 2025 IN USD MILLIONS 13% 12% 18% 14% • LC 6% mobile rebased AS % OF AS % OF AS % OF AS % OF REVENUE REVENUE REVENUE REVENUE revenue growth YoY driven by postpaid; ~500 366 636 174 177 303 bps
Slide 18: Segment Financial Results | LPR & LCR Credit Silos
SEGMENT FINANCIAL RESULTS | LPR & LCR CREDIT SILOS(1) PUERTO RICO ADJUSTED OIBDA RECOVERING POST MIGRATION; LCR MOBILE DRIVING GROWTH PUERTO RICO COSTA RICA Q2 2025 Q2 2025 IN USD MILLIONS • 1% YoY fixed rebased IN USD MILLIONS • 5% YoY mobile rebased 12% revenue decline due to 11% revenue increase
Slide 19: Balance Sheet & Liquidity Position
BALANCE SHEET & LIQUIDITY POSITION(1) ~80% OF C&W & LCR SILO DEBT DUE IN 2031 & BEYOND; LPR DEBT DUE 2027-2029 CASH & RCF AVAILABILITY COSTA RICA $5.0 6.3 $0.5 10.7 BILLION PERCENT BILLION PERCENT TOTAL DEBT CASH WACD TOTAL DEBT CASH WACD $0.5 $0.7 BILLION BILLION 3.9x 6.0 2.1x 5.1 NET YEARS NET YEA
Slide 20: Strategic Initiatives Update
STRATEGIC INITIATIVES UPDATE LLA REMAINS FOCUSED ON CAPITAL ALLOCATION & SHAREHOLDER VALUE PUERTO RICO LLA LIABILITY MANAGEMENT STRATEGIC OPTIONS Improve capital structure to sustain & enable business on Maintaining integrity of credit silo approach its return to growth path Intent to separate Puert
Slide 21: Conclusions
CONCLUSIONS(1) STRONG SET UP INTO H2; FOCUS ON SHAREHOLDER VALUE 1 2 3 SOLID PROGRESS POSITIVE OUTLOOK FOCUS ON IN H1 FOR H2 SHAREHOLDER VALUE New CVPs designed to sustain residential momentum High single-digit Adjusted OIBDA Opportunity to eliminate SOTP B2B as catalyst for better revenue discount
Slide 22: Agenda
AGENDA 01 | EXECUTIVE SUMMARY 02 | FINANCIAL RESULTS 03 | APPENDIX
Slide 23: Definitions & Additional Information
DEFINITIONS & ADDITIONAL INFORMATION ACP ICT Affordable Connectivity Program. Information and Communication Technology. ARPU INTERNET (BROADBAND) RGU Average revenue per unit refers to the average monthly subscription revenue (subscription revenue excludes A home, residential multiple dwelling unit
Slide 24: 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 acquisition periods. As we did not own or operate the acquired entities during the pre-acquisition periods, no comparable basis for all businesses that we owned during the
Slide 25: 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 acquisition periods. As we did not own or operate the acquired entities during the pre-acquisition periods, no comparable basis for all businesses that we owned during the
Slide 26: 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 acquisition periods. As we did not own or operate the acquired entities during the pre-acquisition periods, no comparable basis for all businesses that we owned during the
Slide 27: 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 acquisition periods. As we did not own or operate the acquired entities during the pre-acquisition periods, no comparable basis for all businesses that we owned dur
Slide 28: 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 different countries in which we operate. We believe our Adjusted OIBDA measure is useful to investors because measure used by our CODM, our Chief Executive
Slide 29: 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 measured using swapped foreign currency rates. We believe our consolidated leverage and net leverage ratios leverage ratios (Consolidat
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