Millicom International Cellular S.A. (TIGO) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone, and welcome to our first quarter 2025 results call. This event is being recorded. Our speakers today will be our CEO, Marcelo Benitez, and our CFO, Bart Van Haren. The slides for today's presentation are available on our website, along with the earnings release and our financial statements. Now, please turn to slide two for the safe harbor disclosure. We will be making forward-looking statements which involve risks and uncertainties and could have a material impact on our results. on slide three we defined the non-ifrs metrics that we will reference throughout the presentation and you can find reconciliation tables in the back of our earnings release and on our website with those disclaimers out of the way let me turn the call over to our ceo marcelo benitez thanks michelle and hello everyone thanks for joining us to review the company's performance in the first quarter As you will see throughout today's presentation, the restructuring program that was completed in 2024 is paying off, and the benefits are visible in these Q1 results. And I am pleased to say that we are on track to deliver another excellent year in 2025. This includes a strong customer growth, increased profitability and cash flow generation, and the closing of some important M&A transactions. Please turn to slide five for the highlights of the quarter. Postpaid net ads of 262,000 were up nearly 50,000 from a year ago, while home net ads of 62,000 compares to the decline of minus 13,000 that we saw in Q1 of last year. And as you will see later, our B2B business continues to perform very well. Meanwhile, our efficiency program continues to deliver higher profitability, with the OCF margin up almost two percentage points to 36.7%. a level that is higher than many other telcos' EBITDA ma...