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Liberty Latin America(LILA) - 2024 Q1 - Quarterly Results
2024-05-07 21:02
Exhibit 99.1 Liberty Latin America Reports Q1 2024 Results 45,000 organic broadband and postpaid mobile subscriber net adds Strong Adjusted OIBDA growth across Panama, Costa Rica & Caribbean Puerto Rico migration completed; performance set to improve 5% of shares outstanding repurchased in Q1; increased buyback authorization Denver, Colorado - May 7, 2024: Liberty Latin America Ltd. ("Liberty Latin America" or "LLA") (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced its financial and operating resul ...
Liberty Latin America(LILA) - 2024 Q1 - Quarterly Report
2024-05-07 21:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 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, 2024 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) Bermuda 98-1386359 (State or Other Jurisdiction of ...
Liberty Latin America(LILA) - 2023 Q4 - Earnings Call Transcript
2024-02-23 19:18
Liberty Latin America Ltd. (NASDAQ:LILA) Q4 2023 Results Earnings Conference Call February 23, 2024 8:30 AM ET Company Participants Eduardo Diaz Corona - Senior Vice President and General Manager Balan Nair - President and Chief Executive Officer Christopher Noyes - Chief Financial Officer Ray Collins - Senior Vice President, Infrastructure and Corporate Strategy Conference Call Participants Soomit Datta - New Street Research Vitor Tomita - Goldman Sachs Matthew Harrigan - Benchmark Company Gabriel Vaz de L ...
Liberty Latin America(LILA) - 2023 Q4 - Earnings Call Presentation
2024-02-23 14:25
• ~100k internet and postpaid adds in 2023; +9% YoY LIBERTY LATIN AMERICA | FY 2023 INVESTOR CALL | FEBRUARY 23, 2024 5 INTERNET RGU EVOLUTION INTERNET NET RGU ORGANIC ADDITIONS (LOSSES) | IN THOUSANDS 5 9 857 RGU ADDs TOTAL +29 YoY ADDs +11 +19 +17 +12 +15 FY 2023 REVENUE BY PRODUCT 2023 KEY MESSAGES & 2024 PRIORITIES 42% 16% 41% $0.7 BILLION • Fixed revenue driven by volume, leveraging networks and 3P offerings l LIBERTY PUERTO RICO | FOCUS ON COMPLETING INTEGRATION(1) FY 2023 REVENUE BY PRODUCT 2023 KEY ...
Liberty Latin America(LILA) - 2023 Q4 - Annual Report
2024-02-22 21:42
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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) Bermuda 98-1386359 (State or Other Jurisdiction of Incor ...
Liberty Latin America(LILA) - 2023 Q4 - Annual Results
2024-02-22 21:40
Subscriber Growth - Liberty Latin America added 186,000 organic broadband and postpaid mobile subscribers in 2023[1] - Liberty Costa Rica and C&W Caribbean saw strong subscriber growth, with 105,000 postpaid mobile subscribers added, primarily in these regions[2] - Liberty Puerto Rico achieved 23,000 broadband net adds over the last twelve months, with over 800,000 mobile subscribers migrated to the LPR platform[5] - The total organic change in subscriber relationships was an increase of 39,200, with significant contributions from Liberty Costa Rica[23] - Total mobile subscribers reached 7,977,400, with prepaid mobile subscribers including 10,300 mobile reseller subscribers[45] Financial Performance - Adjusted OIBDA rebased growth for FY 2023 was 6%, totaling $1.7 billion[1] - Cash provided by operating activities reached $897 million, with Adjusted FCF before distributions to noncontrolling interests at $273 million, a 43% increase year-over-year[2] - Total revenue for FY 2023 declined by 6% to $4.51 billion, impacted by the deconsolidation of VTR and organic declines in Liberty Puerto Rico[11] - Revenue for Q4 2023 was $660.6 million, a decrease of 1% compared to $669.3 million in Q4 2022[34] - Operating income for Q4 2023 was $64.7 million, down 16% from $77.1 million in Q4 2022[34] - Adjusted OIBDA for Q4 2023 increased by 5% to $288.2 million, compared to $275.0 million in Q4 2022[34] - For the year ended December 31, 2023, revenue was $2,543.2 million, representing a 4% increase from $2,448.6 million in 2022[34] Revenue Growth and Declines - C&W Panama reported a 16% revenue growth and a 21% increase in Adjusted OIBDA for FY 2023[5] - B2B revenue decreased by 6% on both reported and rebased basis, with a $10 million negative impact from the discontinuation of a non-core transit services agreement at C&W Jamaica[5] - Liberty Costa Rica experienced a significant revenue growth of 28% on a reported basis, aided by an $18 million positive foreign exchange impact[5] - Liberty Puerto Rico's revenue for Q4 2023 was $353.5 million, a decrease of 5% from $372.2 million in Q4 2022[38] - Liberty Costa Rica's revenue for Q4 2023 was CRC 79.2 billion, an increase of 11% from CRC 71.1 billion in Q4 2022[41] Capital Expenditures and Investments - Capital expenditures for the year ended December 31, 2023, totaled $585 million, down from $660.1 million in 2022[19] - The company is focused on expanding its network capacity and enhancing service offerings to drive operational efficiency[61] - New strategies include ongoing investments in infrastructure to support product innovation and market expansion[61] Debt and Financial Ratios - Total consolidated debt and finance lease obligations amounted to $8,242.2 million as of December 31, 2023, with cash and cash equivalents at $996.6 million[20] - The consolidated debt to operating income ratio increased to 15.0x from 13.4x in the previous quarter, while the net debt to operating income ratio rose to 13.2x from 12.4x[20] - The company has an unused borrowing capacity of $869.0 million as of December 31, 2023, down from $887.0 million in the previous quarter[20] - The consolidated leverage ratio as of December 31, 2023, was 4.8x, while the consolidated net leverage ratio was 4.2x[88] Adjusted OIBDA and Operating Income - Adjusted OIBDA for the three months ended December 31, 2023, increased by 7% compared to the prior year, driven by organic growth in C&W Caribbean, Liberty Costa Rica, and C&W Panama[16] - Adjusted OIBDA for Q4 2023 was $431.9 million, up from $402.6 million in Q4 2022, representing a margin increase to 37.1% from 34.7%[68] - Operating income for the year ended December 31, 2023, was $517.7 million, compared to $86.5 million in 2022, with an operating income margin of 11.5%[68] Forward-Looking Statements - The company anticipates a mid to high single-digit Adjusted OIBDA rebased CAGR and over $1 billion in aggregate Adjusted FCF before distributions to noncontrolling interests over the next three years[2] - Forward-looking statements indicate expectations for subscriber growth and integration plans following the AT&T acquisition, with potential risks including competition and regulatory changes[28]
Liberty Latin America(LILA) - 2023 Q3 - Earnings Call Transcript
2023-11-10 19:28
Liberty Latin America Ltd. (NASDAQ:LILA) Q3 2023 Earnings Conference Call November 10, 2023 8:30 AM ET Company Participants Matt Read - Treasurer Balan Nair - President and Chief Executive Officer Christopher Noyes - Chief Financial Officer Conference Call Participants Michael Rollins - Citigroup Vitor Tomita - Goldman Sachs Cesar Medina - Morgan Stanley Soomit Datta - New Street Research Matthew Harrigan - Benchmark Operator Good morning, ladies and gentlemen, and thank you for standing by. Today's call is ...
Liberty Latin America(LILA) - 2023 Q3 - Quarterly Report
2023-11-09 21:55
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 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) Bermuda 98-1386359 2 Church Street, Hamilton H ...
Liberty Latin America(LILA) - 2023 Q2 - Earnings Call Transcript
2023-08-09 18:54
Liberty Latin America Ltd. (NASDAQ:LILA) Q2 2023 Earnings Conference Call August 9, 2023 8:30 AM ET Company Participants Stephen Price - Vice President & General Manager Balan Nair - President, Chief Executive Officer & Director Christopher Noyes - Senior Vice President & Chief Financial Officer Naji Khoury - Managing Director, Liberty Communications of Puerto Rico LLC Conference Call Participants Vitor Tomita - Goldman Sachs Soomit Datta - New Street Research Andres Coello - Scotiabank Matthew Harrigan - T ...
Liberty Latin America(LILA) - 2023 Q2 - Quarterly Report
2023-08-08 20:39
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 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) Bermuda 98-1386359 2 Church Street, Hamilton HM 11 ...