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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 ...
Liberty Latin America(LILA) - 2023 Q1 - Earnings Call Transcript
2023-05-09 18:11
Liberty Latin America Ltd (NASDAQ:LILA) Q1 2023 Earnings Conference Call May 9, 2023 8:30 AM ET Company Participants Johanna Escobar - General Manager & CEO, Liberty Costa Rica Balan Nair - President, CEO & Director Christopher Noyes - SVP & CFO Guillermo Ponce - SVP, South-Central Markets Inge Smidts - CEO, Cable & Wireless Communications Limited Naji Khoury - MD, Liberty Communications of Puerto Rico LLC Conference Call Participants Jeffrey Wlodarczak - Pivotal Research Group Cesar Medina - Morgan Stanley ...
Liberty Latin America(LILA) - 2023 Q1 - Quarterly Report
2023-05-08 20:41
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, 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 ...
Liberty Latin America (LILAK) Investor Presentation - Slideshow
2023-03-02 18:05
+3% rebased growth excl. VTR 27% 36% 37% $1.4 BILLION +2% +6% +4% FIXED MOBILE B2B FY 2022 REVENUE BY PRODUCT YoY REBASED GROWTH • Balanced product mix; growth across all areas +13+14 Q2 22Q3 22 28 28 5 9 +70 TOTAL (157) Q2 22 42% 17% 41% $0.6 BILLION +8% (2)% +1% FIXED MOBILE B2B REVENUE BY PRODUCT ~$70M LIBERTY LATIN AMERICA | FY 2022 INVESTOR CALL | FEBRUARY 23, 2023 6 LIBERTY PUERTO RICO | FIXED MOMENTUM & INTEGRATION(1) RGU GROWTH DRIVING FIXED REVENUE; MOBILE REVENUE IMPACTED BY HANDSET SUBSIDIES +14 ...
Liberty Latin America(LILA) - 2022 Q4 - Earnings Call Transcript
2023-02-25 16:30
Liberty Latin America, Ltd. (NASDAQ:LILA) Q4 2022 Earnings Conference Call February 23, 2023 8:00 AM ET Company Participants Aamir Hussain - Chief Technology and Product Officer Balan Nair - President & CEO Christopher Noyes - SVP & CFO Conference Call Participants Soomit Datta - New Street Research Operator Good morning, ladies and gentlemen, and thank you for standing by. Today's call is being recorded. And I'll now turn the call over to Aamir Hussain, Chief Technology and Product Officer of Liberty Lati ...