Liberty Latin America Ltd (LILA) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Speaker0 Good morning, ladies and gentlemen, and thank you for standing by. Today's call is being recorded. I'll now turn call over to Sean Fitzgerald, VP of Tax of Liberty Latin America. Speaker1 Good morning, and welcome to Liberty Latin America's First Quarter twenty twenty five Investor Call. At this time, all participants are in listen only mode. Today's formal presentation materials can be found under the Investor Relation ...

Part of Liberty Latin America This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our strategies, priorities and objectives, financial and operational performance, growth expectations; our digital strategy, product innovation and commercial plans and projects; expectations on demand for connectivity in the region; the transaction with Tigo Costa Rica; the Boost migration; the recovery of our Puerto R ...

Exhibit 99.1 Liberty Latin America Reports Q1 2025 Results Over 40,000 organic broadband and postpaid mobile subscriber net adds in Q1 >30% Fixed-Mobile Convergence ("FMC") penetration across key markets 38% Operating Income growth YoY; 8% rebased Adjusted OIBDA growth YoY Strong focus on cost and lowering capital intensity Denver, Colorado - May 7, 2025: Liberty Latin America Ltd. ("Liberty Latin America" or "LLA") (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced its financial and operating result ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-38335 Liberty Latin America Ltd. (Exact name of Registrant as specified in its charter) (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Em ...

Liberty Latin America Ltd. (NASDAQ:LILA) Q4 2024 Earnings Conference Call February 20, 2025 8:30 AM ET Company Participants Asad Nabi - Vice President, IT, Business Partner Balan Nair - President & Chief Executive Officer Chris Noyes - Senior Vice President & Chief Financial Officer Conference Call Participants Michael Rollins - Citigroup Vitor Tomita - Goldman Sachs Andres Coello - Scotiabank Matthew Harrigan - The Benchmark Company Mathieu Robilliard - Barclays Operator Good morning, ladies and gentlemen, ...

Part of Liberty Latin America LIBERTY LATIN AMERICA FY 2024 INVESTOR CALL February 20, 2025 "SAFE HARBOR" FORWARD-LOOKING STATEMENT | DEFINED TERMS FORWARD-LOOKING STATEMENTS & DISCLAIMER This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our strategies, priorities and objectives, financial and operational performance, growth expectations; our digital strategy, product innovation and commercial plan ...

Company Operations and Market Presence - The company operates in Puerto Rico, Panama, Costa Rica, and other parts of Latin America, providing video, broadband internet, telephony, and mobile services[34] - The total number of homes passed is 4,735,700, with 1,936,500 customer relationships and 8,054,300 total subscribers across all services[42] - The company is the largest fixed-line provider of high-speed broadband and video services in several markets, with a total of 2,354,700 RGUs[36] - In Jamaica, the company has 339,100 customer relationships, with 122,300 video RGUs and 327,200 internet RGUs[43] - The company’s B2B services represent a significant portion of revenue in many markets, indicating strong growth potential in this segment[77] Customer Base and Service Offerings - As of December 31, 2024, the total customer relationships across all segments reached 1,936,500, with 3,987,600 RGUs[42] - The total number of mobile subscribers is 8,054,300, which includes 5,593,100 prepaid and 2,461,200 postpaid subscribers[43] - The company aims to maintain or increase the number of subscriptions and average revenue per household and mobile subscriber[32] - The company offers a comprehensive set of converged mobile, broadband, video, and fixed-line telephony services across multiple countries in the Caribbean and Latin America[63] - The service offerings include mobile, broadband internet, video, and fixed-line telephony in various regions, enhancing customer choice and retention[64] Technology and Network Infrastructure - The company operates an extensive subsea and terrestrial fiber optic cable network connecting over 30 markets, enhancing connectivity solutions[35] - Liberty Networks operates approximately 50,000 kilometers of fiber optic cable with an activated capacity of over 30 Tbps, enabling large volumes of data traffic[82] - The maximum download speed offered for broadband internet services is 1,000 Mbps across various markets[61] - Over 95% of Liberty Networks' upgraded HFC network is capable of delivering speeds of 1 Gbps or above, following the upgrade to DOCSIS 3.1[87] - Liberty Networks has upgraded almost all of its HFC network to DOCSIS 3.1, enhancing its service offerings and customer experience[87] Regulatory and Compliance Challenges - The company faces risks related to economic conditions, competitive environment, and regulatory compliance that could impact future performance[31] - Regulatory conditions may limit growth and increase operating costs, with ongoing compliance required for existing licenses and concessions[98][99] - C&W Caribbean is facing regulatory challenges that may require third-party access to its network infrastructure, potentially impacting revenue and cash flows[105] - The Electronic Communications Bill adopted by ECTEL may adversely affect C&W Caribbean's operations, including provisions for net neutrality and network unbundling[107] Strategic Initiatives and Future Plans - The anticipated benefits of the Millicom transaction in Costa Rica are expected to enhance the company's market position[31] - The company aims to enhance customer retention and minimize churn by offering a comprehensive set of converged mobile, broadband, video, and fixed-line telephony services[63] - Future strategies include leveraging an extensive subsea and terrestrial fiber optic cable network connecting over 30 markets[35] - Liberty Puerto Rico is committed to completing network expansions and upgrades within six years as part of its funding agreements[135] Employee Engagement and Corporate Responsibility - The total employee attrition rate for 2024 was approximately 16.3%, with around 10,000 full-time employees across five reportable segments[181] - The company reported that women represented 41% of its global employees and 39% of its managerial positions as of December 31, 2024[181] - The company’s employee engagement score (eNPS) was measured at +24 in 2024, indicating a passionate and dedicated workforce[182] - The company contributed over 8,900 volunteer hours in 2024 through its Mission Week initiative, involving 850 employees across 22 countries[188] - The company operates with a commitment to high ethical standards and compliance, with a Code of Conduct guiding employee behavior and business practices[190]

Subscriber Growth - Liberty Latin America added approximately 100,000 organic fixed and mobile subscribers in 2024[1] - C&W Panama achieved over 100,000 mobile subscriber additions in 2024, with a double-digit Adjusted OIBDA growth of 18%[5] - Liberty Costa Rica saw over 110,000 postpaid additions in 2024, a 31% increase year-over-year, with double-digit revenue and Adjusted OIBDA growth[5] - Total mobile subscribers increased by 65,000, with net additions of 52,000 prepaid and 13,000 postpaid subscribers[22] - The total number of customer relationships across all services is 4,735,700, with 1,936,500 being video RGUs, 921,900 internet RGUs, and 1,828,200 telephony RGUs[1] Financial Performance - Revenue for Q4 2024 was $1,150 million, a decrease of 1% year-over-year, while FY 2024 revenue was $4,457 million, also down by 1%[4] - Adjusted OIBDA for Q4 2024 was $427 million, a decrease of 1% year-over-year, with FY 2024 Adjusted OIBDA at $1,594 million, down 6%[4] - Liberty Puerto Rico's revenue declined by 10% year-over-year in Q4 2024, primarily due to challenges in mobile operations[8] - Adjusted Free Cash Flow for the year ended December 31, 2024, was $1,145.4 million, reflecting a 5% increase from $1,086.3 million in 2023[33] - Net loss attributable to shareholders was $178 million for Q4 2024 and $657 million for the full year, compared to $103 million and $74 million for the same periods in 2023[14] Adjusted OIBDA and Margins - Adjusted OIBDA for C&W Caribbean increased by 5% and 6% on a reported and rebased basis, respectively, with an Adjusted OIBDA margin improvement of over 150 basis points year-over-year to 45% in Q4 2024[12] - C&W Panama's Adjusted OIBDA rose by 19% on both a reported and rebased basis, driven by product mix and synergies from the Claro Panama acquisition[14] - Liberty Puerto Rico's Adjusted OIBDA declined by 23% and 24% on a reported and rebased basis, primarily due to revenue decline, despite lower operating costs from the termination of the TSA with AT&T[14] - Total reported Adjusted OIBDA decreased by 1% and 6% for Q4 and the full year 2024, respectively, as organic reductions in Liberty Puerto Rico were partly offset by growth in C&W Panama, C&W Caribbean, and Liberty Costa Rica[13] - Adjusted OIBDA for Q4 2024 was $307.8 million, a 7% increase from $288.2 million in Q4 2023[33] Capital Expenditures and Debt - Capital expenditures for the year ended December 31, 2024, were $540.4 million, down from $585.0 million in 2023[16] - The total debt and finance lease obligations as of December 31, 2024, were $8,080.2 million, with a net debt of $7,476.1 million[84] - C&W's total third-party net debt was $4.4 billion, with a Fully-swapped Borrowing Cost of 5.7% and an average debt tenor of approximately 4.3 years[35] - C&W entered into a $1.5 billion term loan due January 31, 2032, and issued $755 million of senior notes due January 15, 2033, to refinance existing debt[35] - Unused borrowing capacity increased to $796.3 million as of December 31, 2024, compared to $710.1 million in the previous quarter[18] Operational Efficiency - The company successfully refinanced $3.3 billion of C&W credit silo debt, extending the weighted average maturity profile to 6.5 years[2] - By the end of 2024, 97% of fixed networks were capable of delivering speeds of at least 1Gbps, up from approximately 80% at the end of 2023[2] - The operating income margin improved to 11.1% in Q4 2024 from 9.7% in Q4 2023, indicating enhanced operational efficiency[66] - The company has made significant investments in new customer products and infrastructure to drive operational efficiency and support market expansion[4] - The company anticipates continued demand for connectivity in the region and plans to enhance its digital strategy and product innovation[28] Regional Performance - C&W Caribbean reported a 6% year-over-year growth in Adjusted OIBDA, with a margin increase of nearly 200 basis points to 43%[5] - Liberty Costa Rica reported Q4 2024 revenue of CRC 85.8 billion, an increase of 9% year-over-year, with Adjusted OIBDA rising 11% to CRC 34.2 billion[40] - Liberty Costa Rica's operating income for the year ended December 31, 2024, was $64.3 million, a 16% increase from the previous year[40] - Liberty Puerto Rico's operating income for the year ended December 31, 2024, was a loss of $522.8 million, compared to a profit of $175.2 million in 2023[37] - Liberty Puerto Rico's total third-party debt as of December 31, 2024, was $2.775 billion, with a Covenant Consolidated Net Leverage Ratio of 7.4x[39]

Group 1 - Liberty Latin America Ltd. is making significant investments to develop its 5G network and enhance network performance [1] - The company is expected to see further growth from recent transactions with Millicom and the acquisition of Dish Network [1] Group 2 - The analyst has a beneficial long position in the shares of Liberty Latin America Ltd. [2] - The article expresses the analyst's own opinions and is not receiving compensation for it [2]

Part of Liberty Latin America LIBERTY LATIN AMERICA Q3 2024 INVESTOR CALL November 7, 2024 IS I iberty LIBERTY "SAFE HARBOR" FORWARD-LOOKING STATEMENT | DEFINED TERMS FORWARD-LOOKING STATEMENTS & DISCLAIMER This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our strategies, priorities and objectives, performance, guidance and growth expectations; our digital strategy, product innovation and commercia ...