Liberty Latin America Ltd. · NASDAQ:LILA
Liberty Latin America — H1 2022 Earnings Presentation
20 slides from Liberty Latin America's earnings presentation, Aug 4, 2022
Slide 1: Q2 & H1 2022 Investor Call
LIBERTY LATIN AMERICA Q2 & H1 2022 INVESTOR CALL August 4, 2022 Part of Liberty Latin America
Slide 2: Safe Harbor: Forward-Looking Statements and Defined Terms
“SAFE HARBOR” FORWARD-LOOKING STATEMENT | DEFINED TERMS FORWARD-LOOKING STATEMENTS AND DISCLAIMER programming; our ability to achieve forecasted financial and operating targets; the outcome of any pending or threatened litigation; the ability of our operating companies to access cash of their respec
Slide 3: Agenda
AGENDA 01 | EXECUTIVE SUMMARY 02 | FINANCIAL RESULTS 03 | APPENDIX Part of Liberty Latin America
Slide 4: Key Messages: Operational & Strategic Progress
LIBERTY LATIN AMERICA | KEY MESSAGES(1) OPERATIONAL & STRATEGIC PROGRESS 1 2 3 4 5 +1% +9K +106K $200M $63M REBASED INTERNET MOBILE CLARO Q2 2022 REVENUE RGU POSTPAID PANAMA SHARE GROWTH ADDS ADDS ACQUISITION BUYBACK Record adds in Costa Steady YoY >100k for second Completed Record activity of Rica;
Slide 5: Fixed: Steady Broadband RGU Growth
FIXED | STEADY BROADBAND RGU GROWTH(1) RECORD ADDS IN COSTA RICA & RETURN TO GROWTH AT C&W; INTENSE COMPETITION IN CHILE INTERNET RGU EVOLUTION INTERNET NET RGU ORGANIC ADDITIONS (LOSSES) | IN THOUSANDS PUERTO RICO COSTA RICA 13 13 15 13 11 9 8 8 7 7 8 10 9 4 (3) TOTAL RGU ADDs +32 +25 +29 (4) 0 +22
Slide 6: Mobile: Postpaid Momentum
MOBILE | POSTPAID MOMENTUM(1) STRONG YOY GROWTH; POSTPAID ADDITIONS ACROSS ALL SEGMENTS MOBILE POSTPAID SUBSCRIBER EVOLUTION MOBILE NET POSTPAID ORGANIC ADDITIONS (LOSSES) | IN THOUSANDS PUERTO RICO COSTA RICA 39 44 31 30 15 19 14 21 15 10 9 12 11 11 PRE- ACQ. TOTAL SUB ADDs +58 +24 +51 +9 +35 +6 (3
Slide 7: B2B & Subsea: Robust Growth
B2B & SUBSEA | ROBUST GROWTH(1) C&W CARIBBEAN & NETWORKS AND C&W PANAMA DRIVE YOY & SEQUENTIAL IMPROVEMENT B2B REVENUE EVOLUTION B2B CUSTOMER VALUE PROPOSITION IN USD MILLIONS NETWORKS & LATAM INCUMBENT B2B SERVICE REVENUE YoY REBASED GROWTH NETWORKS & LATAM FY 21 NETWORKS & LATAM H1 22 • Government
Slide 8: M&A Update: Inorganic Value Creation On-Track
M&A UPDATE | INORGANIC VALUE CREATION ON-TRACK CLOSED ACQUISITION OF CLARO PANAMA; APPROVAL PROCESS IN CHILE PROGRESSING WELL COMPLETED TRANSACTIONS PENDING TRANSACTION PUERTO RICO COSTA RICA ~$70M ~$15M >$70M ~$50M ~$15M ~$20M >$180M H2 22 RUN-RATE INTEGRATION SYNERGIES INTEGRATION SYNERGIES INTEGR
Slide 9: Agenda
AGENDA 01 | EXECUTIVE SUMMARY 02 | FINANCIAL RESULTS 03 | APPENDIX Part of Liberty Latin America
Slide 10: Q2 & H1 2022 Financial Results
Q2 & H1 2022 FINANCIAL RESULTS(1) STEADY YOY REVENUE GROWTH; STRONG Q2 ADJUSTED FCF 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% (2)% 18% 16% +38 REBASED REBASED 1,173 1,218 464 464 215 192 73 35 Q2 21
Slide 11: Segment Financial Results
SEGMENT FINANCIAL RESULTS(1) REVENUE GROWTH DRIVEN BY C&W, PANAMA & COSTA RICA PUERTO RICO COSTA RICA Q2 2022 Q2 2022 Q2 2022 Q2 2022 Q2 2022 IN USD MILLIONS IN USD MILLIONS IN USD MILLIONS IN USD MILLIONS IN USD MILLIONS 14% 19% 13% 23% 14% 455 AS % OF AS % OF AS % OF AS % OF AS % OF 210 REVENUE RE
Slide 12: Balance Sheet & Liquidity Position
BALANCE SHEET & LIQUIDITY POSITION(1) ROBUST SILOED CREDIT STRUCTURE WITH LONG-DATED MATURITIES; UPDATING 2022 GUIDANCE KEY METRICS MATURITY SCHEDULE(6) 2022 FINANCIAL GUIDANCE LLA CORP CREDIT SILOS $9.4 5.1X 4.5X 88% ORIGINAL UPDATED BILLION GROSS NET EXCL. M&A INCL. M&A TOTAL TOTAL DEBT DEBT LEVER
Slide 13: Conclusions
CONCLUSIONS(1) DRIVING TOWARDS ADJUSTED FCF GROWTH THROUGH EXECUTION OF STRATEGY 1 2 3 4 INORGANIC OPERATIONAL CAPITAL SIGNIFICANT STRATEGY FOCUS ALLOCATION GROWTH Drive internet and Focus on integration postpaid subscriber adds Attractive valuation to Focus on activities & Product innovation & repu
Slide 14: Agenda
AGENDA 01 | EXECUTIVE SUMMARY 02 | FINANCIAL RESULTS 03 | APPENDIX Part of Liberty Latin America
Slide 15: Definitions & Additional Information
DEFINITIONS & ADDITIONAL INFORMATION ADJUSTED OIBDA MARGIN REVENUE GENERATING UNIT (“RGU”) Calculated by dividing Adjusted OIBDA by total revenue for the applicable period. RGU is separately a video RGU, internet RGU or telephony RGU. A home, residential multiple dwelling unit, or commercial unit ma
Slide 16: 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 nonrecurring items or to give retroactive effect to any changes in estimates that might be implemented during comparable basis for all businesses that we owned during the c
Slide 17: Information on B2B Revenue Rebased Growth
INFORMATION ON B2B REVENUE REBASED GROWTH Rebase growth rates are a non-GAAP measure. For purposes of calculating rebased growth rates on a during post-acquisition periods. As we did not own or operate the acquired entities during the pre-acquisition comparable basis for all businesses that we owned
Slide 18: Adjusted OIBDA & Adjusted OIBDA less P&E Additions Definition & Reconciliation
ADJUSTED OIBDA & ADJUSTED 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 (i) readily measures used
Slide 19: Adjusted Free Cash Flow Definition & Reconciliation
ADJUSTED 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 activities, plus (i) cash paym
Slide 20: Consolidated Leverage Ratio Definition & Reconciliation
CONSOLIDATED LEVERAGE RATIO DEFINITION & RECONCILIATION We have set forth below our consolidated leverage and net leverage ratios, which include VTR. Our June 30, 2022 consolidated leverage and net leverage ratios, each a non-GAAP measure, are defined as (i) adjusted total in USD millions; debt and
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