America Movil Sab De Cv Class B · BMV:AMX/B
America Movil Sab De Cv Class B — Q1 2024 Earnings Presentation
18 slides from America Movil Sab De Cv Class B's earnings presentation, Apr 17, 2024
Slide 1: First Quarter 2024 Results
First Quarter 2024 Results April 17th, 2024 Carlos García Moreno | CFO
Slide 2: 10-year U.S. Treasury yields rose to 4.20% by March
AMÉRICA MÓVIL · First Quarter Results 2024 By March, 10-year U.S. Treasury yields had increased from December, to 4.20%, and they would continue climbing into 2Q Ten-Year Interest Rates % 5.0% 4.8% 4.7% 4.6% 4.4% 4.2% 4.0% 3.9% 3.8% 3.6% 2-Oct 4-Nov 7-Dec 9-Jan 11-Feb 15-Mar 16-Apr Source: Bloomberg
Slide 3: We added 1.3M postpaid clients
AMÉRICA MÓVIL · First Quarter Results 2024 We added 1.3M postpaid clients. Brazil contributed with 555k, Austria with 260k and Colombia with 126k Postpaid Net Adds: 1Q24 Thousand 109 105 117 126 260 1,272 555 Brazil Austria Colombia Peru Mexico Others Total Net Adds Others: include the rest of the A
Slide 4: Prepaid segment net adds of 263k subscribers
AMÉRICA MÓVIL · First Quarter Results 2024 In the prepaid segment we connected 263k subs, with Colombia adding 378k net adds, Argentina 226k and Brazil 146k Prepaid Net Adds: 1Q24 Thousand 55 60 146 603 226 378 263 Colombia Argentina Brazil Ecuador Mexico Others Total Net Adds Others: include Austri
Slide 5: 562k fixed-line broadband accesses connected
AMÉRICA MÓVIL · First Quarter Results 2024 On the fixed-line segment, we connected 562k broadband accesses, its best performance in four years Broadband Net Adds: 1Q24 Thousand 1Q23 139 47 74 (0) 28 25 313 Net Adds 52 23 22 49 92 562 325 Mexico Brazil Argentina Colombia Eastern Others Total Net Adds
Slide 6: Mobile postpaid and fixed-broadband drove access growth
AMÉRICA MÓVIL · First Quarter Results 2024 Mobile postpaid and fixed-broadband were the main drivers of access growth, increasing 6.4% and 4.8%, respectively Access Growth % March 24 vs. March 23 6.4% 4.8% 1.8% -2.2% -1.8% Mobile Prepaid Mobile Postpaid Fixed-Broadband Pay TV Fixed-Voice
Slide 7: Total revenue reflects extraordinary items in 1Q23 from tower sales
AMÉRICA MÓVIL · First Quarter Results 2024 Total revenue reflects extraordinary items in 1Q23 on account of the sale of towers by The Dominican Republic and Peru Total Revenue: 1Q24 MxP Billion +1.1% 169 171 -4.1% -71.7% 31 30 9 2 1Q23 1Q24 1Q23 1Q24 1Q23 1Q24 Service Revenue Equipment Revenue Other
Slide 8: Service revenue growth accelerated on fixed-line and mobile
AMÉRICA MÓVIL · First Quarter Results 2024 Service revenue growth accelerated on both the fixed-line and the mobile platforms Consolidated Mobile & Fixed-Line Service Revenue* % annual change at constant exchange rates 10% 8% 6% 5.1% 4.2% 5.0% 4% 4.9% 3.7% 2% 3.0% 0% 1Q23 2Q23 3Q23 4Q23 1Q24 Total S
Slide 9: Service revenue growth exceeded inflation in main markets
AMÉRICA MÓVIL · First Quarter Results 2024 In our main markets—including Mexico and Brazil—service revenue growth exceeded inflation Service Revenue Growth vs. Inflation: 1Q24 % annual change in local currency Service revenue 13% growth March YoY inflation 10% 7% 7.4% 6% 6% 5% 3.9% 4.1% 4.4% 3.4% 3.
Slide 10: Mexico drove fixed-line revenue expansion
AMÉRICA MÓVIL · First Quarter Results 2024 Mexico was the main driver behind fixed-line revenue expansion, which went from 5.9% to 9.7% in the current period Fixed-line Service Revenue Growth: Mexico, Brazil and Peru % annual change in local currency 12% 9.7% 10% 8% 5.9% 8.0% 6% 4% 4.4% 2% 1.0% -0.1
Slide 11: Corporate networks was the most dynamic business line
AMÉRICA MÓVIL · First Quarter Results 2024 Corporate networks revenue—which represent 21% of fixed-line service revenue—was the most dynamic business line, up 13.5% Consolidated Fixed-Line Service Revenue by Business Line* % annual change at constant exchange rates 15% 12% 13.5% 9% 6.4% 6% 3% 0% -3%
Slide 12: Mobile revenue growth picked up in Mexico, Brazil and Peru
AMÉRICA MÓVIL · First Quarter Results 2024 Mobile revenue growth picked up the most sequentially in Mexico, Brazil and Peru. It turned positive in Colombia Mobile Service Revenue Growth: Mexico, Brazil and Colombia % annual change in local currency 18% 15% 12% 8.5% 9% 7.1% 6% 5.8% 3% 4.5% 0.4% 0% -2
Slide 13: Adjusted EBITDA up 7.5% YoY at constant Fx
AMÉRICA MÓVIL · First Quarter Results 2024 At constant Fx, and adjusting for the tower sales, EBITDA was up 7.5% YoY, its fastest pace in eight quarters Consolidated Adjusted EBITDA* % annual change at constant exchange rates 8% 7.5% 7% 6% 5% 4% 3% 2% 1Q23 2Q23 3Q23 4Q23 1Q24 *Information does not i
Slide 14: Operating profit of 41Bn pesos, net profit of 13Bn pesos
AMÉRICA MÓVIL · First Quarter Results 2024 Our operating profit totaled 41Bn pesos, after CFC of 14Bn pesos it resulted in a net profit of 13Bn pesos Net Income: 1Q24 MxP Billion -2.6% 3.2% 40 -7.6% n.m. 81 14 -5.6% 41 14 -55.2%* 13 EBITDA Depreciation EBIT Comprehensive Taxes and Net Income and Amo
Slide 15: Net financing of 17Bn pesos funded CapEx and buybacks
AMÉRICA MÓVIL · First Quarter Results 2024 We obtained net financing of 17Bn pesos which helped us fund our CapEx, 22Bn pesos, and cover 4.8Bn pesos in share buybacks Uses of Funds: as of March 2024 MxP Billion 17 22 32 15 4 6 Operating Net Total Funds CapEx Shareholders Labor Cash Flow* Borrowings*
Slide 16: Share buybacks 2.5 times those of the year-earlier quarter
AMÉRICA MÓVIL · First Quarter Results 2024 Our share buybacks were 2.5 times greater than those of the year-earlier quarter and 9% greater than those of the 1Q22 Share Buybacks MxP Million 4,808 4,402 306M 473M shares shares 1,908 93M shares 1Q22 1Q23 1Q24
Slide 17: Leverage ratio excluding leases at 1.5 times LTM EBITDAaL
AMÉRICA MÓVIL · First Quarter Results 2024 Our leverage ratio excluding leases was equivalent to 1.5 times LTM EBITDAaL AMX Leverage Ratio* Times 1.8 1.6 1.5 1.4 1.2 1.0 1Q23 2Q23 3Q23 4Q23 1Q24 *Net debt (excluding leases)/EBITDA aL
Slide 18: First Quarter 2024 Results
First Quarter 2024 Results April 17th, 2024 Carlos García Moreno | CFO
America Movil, S.A.B. de C.V. — Q1 2024 Earnings Presentation on 6ix